Africa's largest country has welcomed its first Bitcoin ATM. ... Blockstale BTM, the company that installed the ATM in the Dazey Lounge and Bar in Lagos state, plans to launch more than 30 more terminals across Nigeria.
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Further, is Bitcoin legit in Nigeria?
Bitcoin is legal in Nigeria, but the Nigerian SEC, or Securities and Exchange Commission, warned citizens about cryptocurrency investments being risky and sometimes even fraudulent. ... Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage.
Having said that, how can I buy and sell Bitcoin in Nigeria? To start working with CoinBox, register or log in to your account....SaleIn the “Wallet” section, select the Bitcoin currency. ... Click on the “Sell” field. ... Choose a convenient way of selling: to your bank account or PayPal.Indicate your bank details or PayPal account and click «Confirm.”
Either way, where can I buy Cryptocurrency in Nigeria?
NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit.
Is Cryptocurrency legal in Nigeria?
Nigeria: Deal Or No Deal, Cryptocurrency Transactions Remain Legal In Nigeria And Environs.
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Launched in 2009, the price of one bitcoin remained a few dollars for its first few years. The price reached a peak of $19,783 per bitcoin in late-2017 and has since fluctuated quite a bit, averaging at about $7,000 as of April 2020.
How To Buy Or Sell Bitcoins In NigeriaRegister And Verify Your ID. Sign up and go through a very simple and interactive identity verification process and start trading immidiately!Create Order. Login to your NairaEx account, click on create new order. ... Get Funded! Processing time is instant and automated 24/7.
How to send bitcoins to Nigeria:Go to NairaEx and register with your email address, verify phone number (+234) and upload your Nigerian photo ID.Enter your Nigerian bank account in the payment options tab.Go to SELL bitcoin, enter the amount of bitcoins you trying to sell and confirm your bank account.