Dogecoin to the moon is a common phrase because people believe that dogecoin is Elon Musks’ favorite cryptocurrency. because it’s his favorite most of us believe it is what will be used when he finally lands his space X rockets and humans on Mars. today we are going to be looking at how to buy Dogecoin in Nigeria and also share with you where to buy dogecoin in Nigeria. Recently there has been a lot of interest in cryptocurrency in Nigeria especially after the central bank of Nigeria Ban. More Nigerians are now interested in buying what is really difficult for them to buy at the moment because they risk getting their bank accounts blocked. But there is a method using some of the apps listed below.
there is a method that is known as P2P which is a short form of peer to peer using this method instead of directly buying from the app you are connected to an individual seller in your country. Using this method make it look as if you are only shopping for something online in exchange for your Dogecoin. You transfer the cash to the sellers bank account directly and it is held in Escrow to be reviewed so that you wont be scammed. the seller will then transfer the Dogecoin to your wallet to complete the transanction. however good news keep coming because soon with your Visa card or mastercard ATM card you should be able to buy crypto currencies without much hassle Mastercard to Integrate Cryptocurrency into Their Payment Network this Year
Dogecoin was originated in Portland, Oregon in December 2013 by Billy Markus a programmer. It was first known as Joke cryptocurrency, Dogecoin (DOGE). It gained plenty of audiences and followers online and presently it is one of the most popular cryptocurrencies. Dogecoin is also a means of fundraising which will help in one thing or the other, either individual or group of people.
It was first intended to limit Dogecoin to 100 billion coins, however, it was later decided that there would be a limitless supply of Dogecoin. Dogecoin is also used as a form of tipping by the community on platforms such as Reddit and Twitter. the apps listed here are available for download on Google playstore and Apple app store
How to Buy Dogecoin in Nigeria 2021
With Binance you can purchase over 200 cryptocurrencies and it’s the one leading among other cryptocurrencies. It has been in use since 2017 and it accepted and supported worldwide. Users can buy Dogecoin with different traditional currencies and any convenient payment method. For you to buy crypto you will just go to the exchange website. You click on BUY CRYPTO on the top navigation bar and then choose the means you want to use to pay. But as a result of the ban you have to use the P2P service and buy either bitcoin or ethereum then later use it to buy your doge coin this is the method that i use and it is very efficient.
It was founded in 2011, the US exchange allows one to deposit through phone transfer or even credit card.
You can easily buy Doge using the BUY CRYPTO tab in the exchange top navigation bar but this will only be made possible if you have fund in your account. Be well informed that Kraken uses the XDG ticker symbol for Dogecoin and not the Doge ticker symbol which is widely accepted on most exchanges. People that use Kraken in Europe can benefit from the fast and free SEPA deposit. it is available to use for trading of crypto in nigeria but it is only through P2P methods.
Changelly is also numbered among the few platform that will allow you to buy Dogecoin with almost any currency, be it fiat or crypto. To sign up on changelly it will only require your email. The downside of changelly is that it can take many in fees especially when you buy Dogecoin with your credit card. this platform supports dogecoin so because of their rates you can transfer the coin from other platforms to Changelly.
Paxful – How to buy Dogecoin in Nigeria
this platform is one of the best for trading cypto currency globally and they have one of the best P2P service. it was founded in 2015 and ever since then it has been more of a P2P platform. Using P2P on paxful the seller gets 1% of the money and they are a lot of cryptocurrencies on this platform. the user interface is not hard to comprehend which is great for new users.
As a nigerian buying dogecoin here wont be difficult all you need to do is identify a seller, send him funds in exchange for your coin. there are a lot of nigerians who trade on this platform. this platform was founded in 2015 and it has been one of the most reliable platforms sice then.
It was founded in 2014 in Panama and it’s listed among the platform at the forefront in the cryptomarket.
It also an online exchange trading platform that is use in buying and selling of cryptocurrencies.
YoBit platform does not only give access to the broader cryptomarket but it also supported globally.
With YoBit you can easily withdraw by logging into your account by using the email address and password you use in registering for YoBit. Click on wallet to view your funds as well as the available Bitcoin, then to withdraw you just select your currency from the list and click on the minus sign under withdraw.
Conclusion On How to Buy Dogecoin in Nigeria
A lot of people actually think that buying dogecoin in nigeria is difficult but they dont know that P2P has made it easy. even before the advent of direct buying early nigerian crypto traders used P2P services. for now this is the only method aavailable to buy dogecoin and other alt coins.
over the last few weeks weve seen doge coin rise up but it still hasnt crossed the $1 dollar price point that we hope to see soon. Visa and mastercard are working to integrate crypto into their services hopefully Nigerians can take advantage of that and trade without any hassle and restriction from government. of all the platforms listed above binance and paxful are my favorite platforms and i use them to trade for crypto currencies.