Jul 15, · One of these payment methods is payment via debit card. Presently, you can buy bitcoin with a debit card in Nigeria. This has greatly helped to facilitate the buying and selling of bitcoin in the OTC marketplace. So, when next you wish to buy bitcoin, do not worry as you can do that simply with your bank debit card. Mar 20, · Patricia, a Nigerian e-commerce platform that started with gift cards trading, has set out to make it easy for customers to buy and sell bitcoin, as its website notes. The company behind it, Patricia Technologies, recently announced the launch of a new crypto debit card. Using credit or debit card to order for Bitcoin, the minimum amount to be deposited is N Nigerian Naira, while the maximum is N10,, in Nigerian Naira. The daily deposit limit is maximum of N, Nigerian Naira until you submit your KYC (Know Your Customer) documents.
Buy bitcoin in nigeria with debit card7 Simplest Ways To Buy Bitcoin On Luno With Debit Card In Nigeria
Using credit or debit card to order for Bitcoin, the minimum amount to be deposited is N This platform re-branded from Bitx to Luno in It is yet another cryptocurrency exchange that supports buying Bitcoin with bank credit or debit ATM card. Aside from being an exchanger, Luno also provides online cryptocurrency wallet for temporal storage of your assets when you buy from them. Luno now supports both Bitcoin, Bitcoin Cash and Ethereum wallet. The company supports 44 countries namely Nigeria, South Africa, Indonesia, and 41 others.
Its highest market volume is in South Africa followed by Nigeria. However, only a few of these exchanges are reputable. In particular, NairaEX turned out to be the biggest Nigerian Bitcoin broker, and is your best bet when it comes to buying Bitcoins in Nigeria. NairaEX , launched in , is the largest Bitcoin exchange in Nigeria. You can read further on my detailed NairEx exchange review.
Bitcoins can be purchased there with cash via bank deposit as well as by bank transfer and Perfect Money. ID verification is required but the process is simple. Bitcoin ATM is the best method to buy Bitcoin anonymously, and without providing personal detail or document, instead you have to pay higher amount for the Bitcoin transaction to be confirmed.
According to Bitcoin ATM Radar , they are completely not available anywhere in Nigeria, as at the time of writing this post, and i still doubt if there will be anyone in soonest time.
You can follow my guide to find Bitcoin ATMs around you. There has been a cautious stance taken by the Nigerian government regarding Bitcoin cryptocurrency.
In January , the CBN issued another circular — this time to banks. It stated that bank transactions in Bitcoin and other forms of virtual currency were banned in Nigeria. CoinSwitch appears to be the most reliable platform to buy different cryptocurrencies in the country, being a recognized exchange platform. Changelly is also a good alternative to buy BTC with debit card if the user is interested in privacy. As different companies located in Nigeria with national, regional and international projections wants to be part of the fintech 4th technological revolution that is now taking place around the world.
At the moment, Nigerians are embracing virtual currencies like Bitcoin, Ethereum, Ripple etc. Before you go, subscribe to my newsletter once in a while, no spam. This blog relies on your donations To appreciate the effort, you can donate with Crypto. Skip to content. In this tutorial, you will see how to buy Bitcoins on reliable sites. Written by Mr. Just so you know, this site is reader supported! The next step is to buy bitcoin with your debit or credit card and how to generate your BTC or Ethereum Wallet on luno.
Clicking on this will require you to deposit money, so click on deposit money, which enables you buy from your bank in Nigeria and other countries where luno services are available. You can buy as low as N worth of bitcoin or ethereum. Small charges apply while funding your wallet via PayU, but the fee is fair to be honest with you.
Please check this box to indicate that you have read and agreed with the information listed above. Step 7 : Enter the code and submit, less than five seconds your luno wallet account would be credited.
Through your luno wallet you can specify the amount of bitcoin you want to buy. Trade at your own RISK. We urged you to trade with extreme caution. The above list is exhaustive as the crypto company said it plans to continue to expand in order to make its services accessible to more people around the World. You will have to verify your identity for you to enjoy the full benefits of luno.
When you do, your account will be upgraded. When you perform this task your limit is raised from level 0 to level 1 and your limit is set at N, Nigerian Naira , depending on your country. It always ask me that. Pls help.