Cryptocurrency in Nigeria
I. Crypto currency trading in Nigeria & Bitcoin vs Fiat Currencies

Nigeria is one of the most important countries in Africa and regional power. It has a young and growing population and a technological sector that is moving forward with the technological revolution that the world is experiencing.

Bitcoin is legal in Nigeria. However, Bitcoin is not recognized as legal tender by the Central Bank of Nigeria (CBN).
At present, Bitcoin is unregulated.
According to Google Trends, the interest for Bitcoin in Nigeria is one of the highest in the world, being the 15th country ranked according to its interest in the coin.
However, it is still possible to buy BTC and convert Bitcoin to Naira at exchanges.
Bitcoin trading sites in Nigeria are legal and protected by state recognition of Bitcoin startups.



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The leading Bitcoin Startups in Nigeria:

– SureRemit: It’s a remittance company concerned with subsidizing the bitcoin to dollar rate.
– Naira Exchange: one of the countryís oldest cryptocurrencies exchange. Visit NairaExchange
– Cryptogene: a foundation focused on increasing blockchain technology awareness in Africa
– Kobocoin: digital currency and payment system similar to Bitcoin, with an African heritage.

The country has important blockchain enterprises that are moving important sums of money each day.

Many Nigerian entrepreneurs buy Bitcoin in Nigeria, for use in place of the Naira when conducting business.
Over 100,000 Nigerian merchants already accept Bitcoin payments.
It is estimated that the area trades on a weekly basis of over $4 million in cryptocurrencies.
In Nigeria, there is a shadow economy in food markets, clothing markets and other industries where it is impossible to formally ascertain the measure of economic activity.

Many Nigerian investors and entrepreneurs are forced to rely upon high-fee peer-to-peer exchanges like LocalBitcoins and Paxful.

II. Cryptocurrency exchange in Nigeria or bitcoin exchange sites in Nigeria

You can buy, sell and store Bitcoin, Ethereum, Ripple (XRP), Litecoin & other cryptocurrencies with Naira.
How to receive more crypto through better rates?

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