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How To Buy And Sell Bitcoin In Nigeria

TopYouGo DMA by TopYouGo DMA
3 years ago
in Bitcoin, Bitcoin Guide
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How To Buy And Sell Bitcoin In Nigeria
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Bitcoin is undoubtedly very popular amongst other cryptocurrencies because it is the first
virtual currency and one of the highest valued. Bitcoin is deflationary in nature, meaning it is
not affected by inflation, and people can send money anywhere in the world without being
dependent on a third party or middle man.

Buying and selling bitcoin is one of the popular ways of investing in bitcoin, which can be
achieved through online bitcoin exchange company in Nigeria such as Naira Direct and
Exchange Indeed. In this regard, these trusted companies specialize in creating a fast and secure platform for easy trading of bitcoin.

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Why do people buy Bitcoin in Nigeria?

Bitcoin prices are usually influenced by supply and demand. A Bitcoin is only worth as much as someone is willing to pay for it. There are two main reasons why people buy Bitcoin in Nigeria, namely:

  1. Bitcoin is usually used to make payments for some online transactions and also serves as an alternative means of payment of several eCommerce websites and online stores.
  2. Due to the investment opportunity Bitcoin offers, people do tend to buy Bitcoin at a lower price and keep their ears out on when they can sell at a higher price, thereby generating some profit and an extra source of income.

Guide To Buy And Sell Bitcoin In Nigeria

There are so many exchanges to buy and sell bitcoin in Nigeria, but there are two exchanges we have tested and now trust. They are:

  1. Naira Direct
  2. Exchange Indeed

How to buy Bitcoin from Naira Direct and Exchange Indeed

  • Click the E-currency or quick buy button
  • Complete the form and click submit
  • Review your order and proceed to the selection of bank choice(bank type would you like to pay into)
  • Methods of transferring payment to us online bank transfer (Naira), cash bank deposit, mobile transfer, and gtbank*737*
  • NOTE *We do not allow payment from a third party and the money must carry your first name and surname used to register on our website
  • After payment, log in to your dashboard with your email address and password, click the send payment alert button on the order you paid for.
  • Complete the payment alert form and your e-currency account will be funded in minutes after payment confirmation.

How to sell Bitcoin on Nairadirect and Exchange Indeed

  • Click the Selling e-currency to us button below or above
  • Complete the form and click submit
  • Review your order and proceed to transfer e-currency to our account (automatic via our website or manual).
  • If you selected manual funding After sending e-currency our account, log in to your dashboard with your email address and password
  • Click the e-currency transfer Notice button on the sell order you places
  • Complete the e-currency transfer Notice form
  • Your bank account will be credited in minutes after fund confirmation



It is evident that though the future is unknown for Bitcoin, the current trends show that there is hope for it. It is also worth noting that it is very easy for a newbie to get scammed especially when they are not aware of how Bitcoin really works, so it is important that you choose the right secured bitcoin trading platforms like Nairadirect and ExchangeIndeed to keep you from losing your investments at the twinkle of an eye.

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