Do you want to buy Bitcoin or Ethereum in Nigeria?, Here you will learn how to start Bitcoin and Ethereum investment on the best and most reliable cypto-exchange in Nigeria, How to Fund your Wallet and Transfer to your Nigerian Bank Account Instantly using LUNO.
Do you want to know about bitcoin, ethereum and crypto currency investment in Nigeria?, you’re lucky because this post will discuss this topic in depth. The popularity of Bitcoin and Ethereum investment in Nigeria is growing rapidly.
This article provides a broad overview of crypto currencies; bitcoin, a form of investment better than tucking your money in the bank with no returns. Some even think that ethereum and bitcoin is a solid investment opportunity for retirement.
WHAT IS CRYPTO CURRENCY?
A crypto currency (or crypto currency) is a digital or virtual currency that works as a medium of exchange and uses strong cryptography to secure financial transactions or exchange at a person-to-person level, enabling direct payments between individuals.
Despite existing for several years, crypto currencies became a global wonder in 2017, when the price of Bitcoin soared with a gigantic increase. 2017 also marked the year in which crypto currency trading became a popular investment option and source of active income for people all over Nigeria.
The most traded tokens within the crypto currency scope are currently:
Bitcoin
Litecoin
Ethereum
Ripple
Bitcoin Cash
WHAT DO I NEED TO BUY BITCOIN AND ETHEREUM?
1. Digital Wallet: In order to conduct transactions on the ethereum and bitcoin network, participants need to run a program called a “wallet.” BTC and ETH are not technically “coins,” so it only seems right that a bitcoin and ethereum wallet would not actually be a wallet.
2. Secure Internet Connection: If you choose to trade cypto-currency like ethereum or bitcoin online, use discretion about when and where you access your digital wallet. Trading cypto-currency on an insecure or public Wi-Fi network is not recommended and may make you more susceptible to attacks from hackers.
3. Bank Account, Debit Card, or Credit Card: When you exchange currency for BTC or ETH, you will need funds to make those transactions. Bitcoin and Ethereum wallets can connect directly to your bank account, debit card, or credit card.
4. Bitcoin Exchange: After you’ve set up your wallet with a payment method, you’ll need a place to actually buy bitcoin and ethereum in Nigeria. Users can buy BTC, ETH and other crypto currencies from online marketplaces called “exchanges,” similar to the platforms that traders use to buy stock. Exchanges connect you directly to the BTC or ETH marketplace.
FIND A RELIABLE CRYPTO EXCHANGE
Securing your crypto-currency is very important. It is very important you make sure your all your cypto transaction is done on a reliable crypto investment platform.
Most Popular Bitcoin and Ethereum Exchange in Nigeria;
If you need to purchase bitcoin, ethereum and other top crypto-currencies safely and conveniently in Nigeria, These are the most preferred crypto exchanges in Nigeria.
LUNO
Remitano
Paxful
Quidax
Ngexchanger
Alphabits
Guava.Africa
NairaEx
Coindirect
Localbitcoins
LUNO is my favorite, LUNO is the most popular crypto-currency exchange in Nigeria. LUNO is also very reliable which is why I recommend you purchase Bitcoin and Ethereum from LUNO. You can also store and trade your BTC and ETH on LUNO. Which is why I will be providing a guide on how to register and create an account on LUNO.
REGISTER AND OPEN A CRYPTO-CURRENCY ACCOUNT IN NIGERIA
When you sign up for a crypto wallet on LUNO, you’ll get a free Bitcoin and Ethereum wallet were you can store, send and receive your BTC and ETH.
Opening a crypto currency account is very easy. Below is a guide on open a BTC and ETH cypto account in Nigeria on LUNO.
Step 1 – Sign up for a LUNO Wallet
You can sign up using my invite link and we’ll both receive NGN 250 worth of Bitcoin when you deposit money into your LUNO wallet and buy or sell Bitcoin to the value of NGN 5,000. To sign up –
CLICK HEREStep 2. Enter your email address or use the option to sign up with Google / Facebook.
Step 3. Pick a strong, secure password (seriously, a strong one – you won’t regret it)
Step 4. Click “Sign up”
We’ll email you a link. Click on it. This is to confirm that you have access to that email.
FUND YOUR CYPTOCURRENCY ACCOUNT WITH NAIRA
LUNO customers can fund their account via Bank Transfer or Debit Card. To fund your LUNO wallet follow the steps below;
Step 1. Open the Luno website or mobile app
Step 2. Click the Menu > Wallet > Deposit.
Step 3. Select any of the Deposit Method and follow the instruction.
You’ll receive a notification when your deposit has been credited to your Naira Wallet. Also note that you must verify your identity after before you’ll be able to fund your LUNO wallet.
ETHEREUM(ETH) AND BITCOIN(BTC) INVESTMENT – HOW TO START IN NIGERIA
Buying Bitcoin or Ethereum with Naira on LUNO can be done in a few steps. Below is a guide on how to buy Bitcoin and Ethereum with Naira.
Step 1. Open the Luno website or mobile app
Step 2. Click the Menu > Wallet > Click BUY on your preferred crypto currency (BTC or ETH)
Step 3. Select BUY with NGN and enter amount
Your account will then be credited with the Naira equivalent of your select cryptocurrency (BTC or ETH).
HOW TO TRANSFER BITCOIN OR ETHEREUM TO BANK ACCOUNT IN NIGERIA
Now that you have successful invested in cryto-currency. You can choose to withdrawal your profit at any time when the value appreciates.
Below are the steps to withdraw your cryptocurrency from your LUNO wallet and transfer directly into your Nigerian bank account.
Step 1. Transfer Your Cryptocurrency to your LUNO Naira wallet
To do this;
Open the Luno website or mobile app
Click MENU > Wallet > Click SELL on your preferred crypto currency (BTC or ETH).
Select SELL for NGN and enter amount.
Your LUNO Naira Wallet will then be credited with the Naira equivalent of your select cryptocurrency (BTC or ETH).
Step 2. Transfer from LUNO Naira Wallet to Nigerian Bank Account
To do this;
Open the Luno website or mobile app
Click MENU > Wallet > NGN Wallet > WITHDRAW
Enter the bank and the amount you want withdraw and your LUNO app PIN then submit.
Conclusion
Now that you’ve chosen a reliable crypto currency exchange, created your cryptocurrency wallet and successfully funded your bitcoin or ethereum wallet with Naira,
Reviewed by jollynastech
on
June 20, 2019
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