After the United States, Nigeria is one of the countries having the most crypto. Statistics show that Nigeria has more people using cryptocurrency than any other country. Among Africa's more than 170 million people, 32 percent have to deal with crypto.
As a result of the Central Bank of Nigeria's ban on crypto transactions within its banking institution, P2P networks have become increasingly popular for the exchange of Bitcoin and other assets. There has been a rise in peer-to-peer (P2P) networks across Africa, and not just in Nigeria. As a result, the continent now boasts the highest transaction volume of any peer-to-peer (P2P) payment platform in the world.
Learn all about Bitcoin and the top BTC-selling app in Nigeria right now.
In a nutshell, what is Bitcoin?
There is no central bank or single administrator for the bitcoin network. On the peer-to-peer Bitcoin network, it may be sent directly between users with no middlemen required.
In 2008, an anonymous individual or group going by the name Satoshi Nakamoto created the cryptocurrency. After its implementation was made available as open-source software in 2009, the money was put into circulation.
Bitcoin is by far the most widely used and widely traded cryptocurrency today. A number of similar coins, or "altcoins," have been developed as an alternative currency.
Here's Why You Should Give Bitcoin Some Thought in 2022
Despite the drop in January 2022, Bitcoin is still the most popular cryptocurrency in the world. Here are three compelling arguments in favor of Bitcoin right now. Here is a list of them:
The number of people who are willing to use Bitcoin is growing. Many well-known businesses throughout the world have recently begun to embrace it. There has been a growth in the amount of people that utilize Bitcoin. This demonstrates that BTC will be around for quite some time.
The number of people putting money into Bitcoin (BTC) continues to rise. There has been a reported increase in the number of investors buying Bitcoin via services like PayPal and CashAPP. The number of people using cryptocurrency exchanges has also skyrocketed.
When many governments are through bailouts or other crises, BTC is an excellent investment since it is well-suited to the macro investing climate. It is easier to appreciate BTC's value now, in the midst of crises and pandemics.
Currently, these are the top 10 Bitcoin selling apps in Nigeria.
Several Bitcoin exchanges now offer smartphone apps for buying and selling Bitcoins. We've compiled a list of the most reputable Bitcoin selling apps available.
Download the Prestmit App
The latest edition of the Prestmit mobile app has just been released, and it's all everybody can speak about. The newest release is more quicker and easy to use than previous variants. Bitcoin trading is possible using the app. You may also buy and sell USDT, Dogecoin, and Litecoin here at competitive prices.
- The Prestmit app may be downloaded for free from the Google Play Store and the App Store. We found the top Bitcoin to Naira app for Android and iOS.
- APK Download for Prestmit
- Get the Prestmit iPhone app today!
- If you're looking to buy or sell gift cards in Nigeria, Prestmit is one of the top 5 applications to use.
Downloading the Remitano App
In Nigeria, Remitano is among the most popular P2P exchanges. It's a peer-to-peer (P2P) platform with escrow services that facilitates direct transactions between buyers and sellers using a mobile app. The platform supports the buying and selling of a variety of cryptocurrencies and tokens.
The Binance Mobile Application
Binance is a top cryptocurrency trading platform. Nigerians can be found on the Binance app. This exchange allows you to trade Bitcoin for fiat currency. The best part is that we have kept our transaction and listing fees to a minimum.
The NairaEx Mobile Application
Today, more Nigerians use NairaEx than any other Bitcoin exchange. Bitcoins can be bought and sold on its app by crypto traders using Perfect Money, bank transfers, or cash through bank deposits. It's a long-running Nigerian exchange, albeit one with less anonymity than some other P2P networks in the country due to mandatory ID verification.
Payment Network App Paxful
Paxful is exclusively for exchanging bitcoins. The app has 200 million users and allows up to 300 different payment methods. It's one of the best Bitcoin trading programs you can use in Nigeria. The key distinction between this and Luno is that it is entirely peer-to-peer.
The Crypto-Local App
In 2019, the decentralized peer-to-peer exchange Cryptolocally was introduced. Since no previous P2P platform had used a decentralized governance mechanism, it stands apart from the crowd. Bitcoin and other cryptocurrencies like DOGE, USDT, Ethereum, etc. are available for trading via its mobile app.
Brett is a widely used cryptocurrency program. Nigeria and Ghana are only two of the countries they serve. Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, and USDT can all be traded through the company's mobile app. The restrictions on Paybis are extremely high, and the service itself is lightning-fast. A variety of payment options are available, and verifying your identity only takes 5 minutes.
Luno operates as a Bitcoin exchange. The business has a foothold in several different African countries as well as Singapore, Malaysia, and Indonesia. Bitcoin trading is possible with the Luna app. It allows fast purchases, has cheap withdrawal costs, and is free to make deposits. The Luna app supports trading in both Bitcoin and Ethereum.
Use the BitPesa Mobile Wallet
BitPesa is a Bitcoin-based money transfer service. The company operates in all three of those countries as well as Kenya. With BitPesa's mobile payment service, you may purchase and sell Bitcoins. Traders may quickly and easily utilize BitPesa to acquire Bitcoins using their Paga accounts or debit cards.
Bitcoin Trading Platform LocalBitcoins
LocalBitcoins is an intermediary that facilitates transactions between buyers and sellers of Bitcoin. You may purchase and sell bitcoins with the LocalBitcoins app. LocalBitcoins provides a safe and easy way to exchange cash for bitcoins at a physical location. In many countries, this is the quickest and most discreet way to buy bitcoins. In addition to Nigeria, the corporation operates in the United States, Europe, Singapore, Canada, Australia, and a host of other countries.
Regarding the Bitcoin Sales in Nigeria
Bitcoin buyers, sellers, holders, and miners all stand to make a profit from the cryptocurrency's dynamic market. Bitcoin has attracted investors from all around the world, and Nigeria is no exception.
There was once a period when Nigerians were hesitant to use Bitcoin due to fears of being scammed. However, such concerns have been allayed with the introduction of more robust technologies to prevent cryptographic loss. The number of Nigerians who are willing to admit that they trust cryptocurrencies like Bitcoin is growing.
Bitcoin and other cryptocurrencies can now be traded between users on peer-to-peer (P2P) systems without the risk of fraud.
In conclusion, there are several popular apps available in Nigeria for selling Bitcoin. Some of the well-known platforms include Luno, BuyCoins, Quidax, NairaEx, Paxful, Remitano, Bitkoin Africa, Busha, CoinCola, and Naira2USD. These apps offer various features, such as user-friendly interfaces, secure platforms, multiple payment options, and competitive prices. However, it's important to note that this information is based on data available up until September 2021, and the popularity and availability of specific apps may have changed since then. Therefore, it's advisable to research and verify the current status and reputation of any app before using it to sell Bitcoin in Nigeria.
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