Buy Bitcoin in Nigeria with NGN on Bitnob

Bitcoin has evolved from a niche concept to a global financial phenomenon since its inception.  As more people talk about this decentralized digital currency, more investors and enthusiasts are prompted to explore its potential. 

Moreover, several factors have contributed to the widespread adoption of bitcoin in many countries, including access to platforms that offer seamless bitcoin purchases. While some countries have it easy, Nigerian bitcoin enthusiasts are more concerned with choosing the best platform to buy bitcoin in Nigeria than going all out in their bitcoin journey.

A report gathered by Statista states that Nigeria was recorded to be one of the 3 countries with the most bitcoin trading in the world as of 2022. This is to buttress the point that choosing a reliable platform is much more of a concern than bitcoin adoption itself–Most Nigerians are more willing to invest in digital assets than expected.

In this article, we will explore Bitnob as the best app for buying bitcoin in Nigeria–what makes it the best, and how you can buy bitcoin on the app seamlessly. Let’s roll! 

What to Look for in a Bitcoin Buying App

Before diving into choosing a bitcoin-native platform, it is important to consider the features that make it worthy of choice; 

Security Features

Security is paramount when dealing with digital assets. Look for an app that implements robust security measures, such as two-factor authentication, and encryption protocols, to safeguard your funds.

User-Friendly Interface

A user-friendly app can make all the difference, especially for beginners. A clear and intuitive interface ensures a seamless experience throughout the buying process.

Payment Options and Speed

The app should support various payment methods, such as bank transfers and digital wallets. Also, quick transaction processing ensures you will take advantage of time-sensitive opportunities.

Transaction Fees and Hidden Costs

Review the fee structure to avoid any unpleasant surprises. 

Bitnob: The Best App to Buy Bitcoin in Nigeria

Bitnob ticks off the list of things to consider when choosing a platform to buy bitcoin in Nigeria.

Navigating the Bitnob app is a delightful experience. The app's user-friendly interface simplifies the buying process, even for beginners. When it comes to security, you have nothing to worry about as Bitnob incorporates multi-layered security protocols and two-factor authentication to safeguard your funds and personal data.

Another core advantage is the funding options. You can fund your BTC wallet via bank transfers, USDT, and USDC wallets, etc. Not skipping the part of the fee structure–Bitnob offers a transparent fee structure, ensuring that users are well-informed about transaction costs.

Getting started with Bitnob is fast and straightforward, just like making BTC transactions on the app. Also, In case of any questions or concerns, Bitnob provides prompt and reliable customer support. The team is readily available to assist you in your bitcoin-buying journey

How to Buy Bitcoin in Nigeria with NGN on Bitnob: A Step-by-Step Guide

Buying bitcoin on Bitnob starts with downloading the app and creating an account, which includes inputting your basic information and going through the KYC procedures to ensure compliance with regulatory requirements.

After creating your account successfully, the next thing is to fund your USD wallet with NGN, because that is where your money will be taken from to buy bitcoin. Then you follow the easy steps below to buy your bitcoin

Step 1: Tap on “more” in the quick links section of the home page and tap on “Buy Bitcoin”

Step 2: Enter the amount you want to buy and tap “Continue”.

Step 3: Input a transaction note to help you remember your transaction and tap "Next".

Make sure you check the transaction summary for any corrections.

Step 4: Tap on “Complete Purchase” and voila you have successfully bought your bitcoins.

After the transaction, your USD wallet will be instantly debited, and your BTC wallet will be credited.

Buy and Save Bitcoin the Right Way!

If you are just starting on your bitcoin journey, we always advise that you adopt the Dollar Cost Average strategy [DCA]. This is when you set aside an amount– $5 for example, and you make regular daily purchases of $5 worth of bitcoin regardless of its market value.

Also, there is more to Bitnob than buying or saving bitcoin. In case you want to receive bitcoin from anyone in the world, Bitnob’s payout feature gives you the freedom to choose how you would like to receive your bitcoin. This implies that you can receive bitcoin directly into your bitcoin wallet, your USD wallet, or both.

Want to give it all a try? Get started here