Best Sites To Buy-Sell Bitcoins in Nigeria

Best Sites To Buy-Sell Bitcoin in Nigeria

Bitcoin is a digital currency, referred to as cryptocurrency used as a means of transaction - payment system. Bitcoin was said to be invented by a group of programmers with the name Satoshi Nakamoto.In October 31st, 2008, it was introduced to a cryptography mailling list.

Transactions with bitcoin is peer-to-peer which take place directly between users without the use of intermediaries.

Register at LocalBitcoin.com Site for Secure and Fast Sales & Purchase of Bitcoins OR Contact Me Below

Transactions with Bitcoins are generally gaining more and more recognition across the globe, with many countries beginning to accept it and many companies, industries and websites accepting bitcoins.

In Nigeria, the fame and use of bitcoins have been courtesy of different online businesses (mutual aids), particularly MMM Nigeria and Weatlh Rising

Nigeria Interest in Bitcoin Rises

It has been shown that search interest in bitcoin has heightened in many parts of Africa recently with Nigeria topping the list and Ghana following. Currently, Nigeria is the list of the World's top 25 countries that do search on daily basis information about bitcoin.

Central Bank of Nigeria So Keen on Cryptocurrency (Bitcoin)

The has been strong advocacy supporting the use of bitcoin in Africa, which is said, has a lot of benefits. It's nature of lower transaction fees, non-specific country dominance, global availability, etc, Bitcoin will likely be a strong candidate to be considered by the Central Bank of Nigeria. There is great and exciting future for cryptocurrency in Nigeria...things are still unfolding.

There was strong indication recently that Central Bank of Nigeria has set up a committee to conduct a thorough research on bitcoin.

Below is a quote from Nigeria's Deposit Insurance Corporation Managing Director, Alh. Umaru Ibrahim:

“A lot of Nigerians have already started patronizing digital currency. Bitcoin has started to creep in and nobody can stop it in different economies of the world. Some central banks adopted the technology and are doing everything possible to develop new products. Owners of cryptocurrency don’t need a bank, especially not a central bank.”

How is Nigerian Demands on Bitcoin Like?

Really, the demand on bitcoin in Nigerian recently has skyrocketed.The supply chain seems not to be meeting the outrageously rising demand.

Best Sites To Buy Bitcoins In Nigeria

Because of the nature of Bitcoin, buying of bitcoin is usually done online, and as such, the transaction is fraught with much scams.Many Nigerians have been dubbed off their hard earned money, hence the need for these sites. It was just by chance I run into these sites

1. LocalBitcoin

LocalBitcoins.com is a peer-to-peer bitcoin trading platform. People from different Countries come to the site to exchange their local currency to bitcoins. That means, in Localbitcoins.com, you can exchange your Naira with Bitcoins - you buy bitcoins with naira and sell bitcoins in naira. Depending on the payment processor you have, you can as well buy and sell bitcoins in dollars, Pounds, and Euros.

LocalBitcoins.com platform gives users to opportunity to create and post advertisements where they publish exchange rates and payment methods used in buying and selling bitcoins.

How it works: You see advertisements on the site, and meets the person to buy bitcoins in cash or trade directly using online banking system or applications. You pay your bitcoin purchases directly with bitcoins placed in LocalBitcoins.com web wallet.

LocalBitcoins is de-centralized, embracing the nature of bitcoin. In this platform, transaction is very fast, because you make trade directly with another person, unlike centralized, stock-exchange-like trading sites.

LocalBitcoins Supports all kinds of payment processors that its community permits.

Safety and Security of Transactions in LocalBitcoins

The Hallmark of LocalBitcoins service is to protect the buyer of bitcoins. The business of Virtual currency marketing is a new one and has a lot unexplored sides. The safety of their users is of utmost priority.

Services are rendered with well tested, security measures and easy-to-use reputation features to ensure adequate security of trading and protection from fraud.

Reputation System Helps You Select Who To Transact with in LocalBitcoins

Transact With People With High Trust Score!
While trading in LocalBitcoins.com with other users, you have the opportunity to check their reputation (Trust Score) rating and also a public history that shows the users' past activity. You can easily find users with high Trust score rating, with whom, you will at home doing your business with them.

2. Instantgold.ng

They are one of the earliest and largest online exchangers in Nigeria, providing services to big companies and people wishing to buy ans sell e-currencies.

They provide services to Forex brokers, Exchangers, internet merchants, companies and who prefer safe e-currency exchange, cash to e-currency or e-currency to cash services.

The only down side of Instantgold is cost. They sell bitcoin at higher rates than LocalBitcoins.com site.

 Summary:

Currently, LocalBitcoin.com remains the most trusted, most affordable, most secured, safest and fastest site to purchase or sell bitcoins in Nigeria.

Register at LocalBitcoin.com Site for Secure and Fast Sales & Purchase of Bitcoins OR Contact Me Below

Contact: 
LocalBitcoins.com Bitcoin Agent/Seller- My Prices are Unbeatable!
Call/WhatsApp - +2348033441539
Skype: tony.iwuafor