₦airaland Forum

Notice: Due to the escalating bitcoin transaction fees, the minimum order amount has been increased to 25,000 Naira. Any bitcoin less than 25,000 will not be processed. The limit will be revised once the bitcoin network is less congested and fees back to normal.

NairaEX is the safest and fastest solution available for buying and selling bitcoin in Nigeria!
Exchanges VS Exchangers, NairaEX VS The Rest https://btc.ng/bitcoin-guide/exchanges-vs-exchangers-nairaex-vs-rest/

NairaEx Bitcoin Hard Fork Info https://btc.ng/psa/bitcoin-network-hardfork-august-1/

Client Sells (Receives NGN): 325
Client Buys (Pays NGN): 370
Our rates as of: Friday July 28 2017
Buy and sell bitcoin with Nigerian Naira at nairaex.com
Please note: Amounts quoted are an estimate and subject to market volatility.

PSA: Blockchain Disruption Till 1 August, Precautions To Safeguard Your Bitcoin


Bitcoin infrastructure must constantly develop and upgrade to deal with the scaling challenges having a wide user base include. To solve the problems such as ever-increasing confirmation times and slow transactions, new software has been developed to give the blockchain the stability and efficiency to handle the needs of investors, individuals, and developers alike. This will create many more opportunities for increased adoption and integration of the cryptocoins, but as with any upgrade to the blockchain, the chance of a new entire blockchain being created is entirely possible.



In this situation, the bitcoin nodes, the computers which confirm your bitcoin transactions, may not be able to communicate with the nodes running the new upgraded software. This means that there would be two separate blockchains running side by side and your transaction could end up on either one, or not be accepted. Overall this update will be rolled down on August 1 3017 at 01:00:00 AM GMT.

In the more likely scenario, the update will be rolled out across the network and transactions can be resumed. But in the meanwhile, even if your bitcoin transactions are being confirmed, they may disappear by August 1, as if some nodes do not work with the new software, your transactions may not be confirmed even if they appear to have confirmations on them.

Precautions

When dealing with Bitcoin, the general rule remains that if you have possession of your private key you are in complete control of your Bitcoin. So, it follows that during this period, please download and backup your private keys from your wallet. Most popular Bitcoin wallets offers these such as Blockchain.info. In the event your online wallet does become corrupted or unforeseen technical glitches occur, you can import your bitcoins into any other wallet using the private key and the password associated with it.

Commercial Precautions

The network disruption also has the potential to make transactions “void” in a sense. As with any Bitcoin transaction confirmations are needed to make sure the transaction has been recognized by the nodes in the network. This is due to the network event, which may produce another blockchain. The blockchain is the ledger where every single transaction is recorded and so is central to the Bitcoin network. However, if you do send a transaction from now till 1 August, it may end up on the other chain, and such not be accepted by recipient.

This also applies to business to, so if you accept Bitcoin, you may want to pause Bitcoin payments for the meanwhile. This is primarily to prevent you from making unnecessary losses, as in case of a chain split even if transaction do gain confirmations, it may end up disappearing, leaving you out of pocket. Scammers and unscrupulous individuals will try to take advantage of this situation trying to send double spent transactions, or even offering dangerous software claiming to fix your transactions disguised to hide malware and other dangerous programs.



Please regularly visit BTC.NG to stay up to date with the latest news surrounding the network disruption, as we will update the site with news after the network disruption is over and when it is safe to resume transactions.

Is Bitcoin Cash different from Bitcoin? Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.

Bitcoin cash is similar to a cryptocoins in a sense it relies on the same blockchain technology that Bitcoin users rely on. The currency is also part of a larger collective of similar projects in development primarily by miners. There will be some exchanges such as Coinbase and GDAX have announced they are not supporting the new currency.

There have been a couple upgrades the project has implemented which will allow the coin to scale up. These include creating a block size of 8mb compared to the 1mb size Bitcoin currently accommodates. Not only will this allow for faster transactions, but will also allow fees to be lower in most cases. The new coin is also set to be protected from replay attacks where certain users can send malicious code over the network multiple times. Having different code compared to Bitcoin, the signatures associated with transactions will also be different; furthermore, applications, libraries and Bitcoin code will not be compatible with the new currency.

To conclude, the Bitcoin cash project is essentially a softfork of Bitcoin itself. This means that all your assets will remain protected if you switch to using BitcoinCash. Whilst your assets will be protected and you will still have the same amount of BitcoinCash as Bitcoin, the value will change as currently BitcoinCash is trading at $550 at the time of writing. The new coin also offers replay protection, allowing a safe transition for those wanting to switch as Bitcoin balances and all transactions will be preserved, minimizing the risk of “replay” attacks, where miners from one chain begin attacking each other, and preventing users from losing their coins. Whilst your private keys will remain essential to allowing you to complete the transition to BitcoinCash, please note that not all exchanges allow you to access your private keys but some like blockchain.info will allow you to download them. Please enquire with the service you are using to gain more information.


https://btc.ng/altcoin/1649/

NairaEx Bitcoin & Naira Exchange Rates
Client Sells (Receives NGN): 380
Client Buys (Pays NGN): 420
Our rates as of: Thursday May 25 2017
Place your order for Bitcoin in Nigeria at nairaex.com
Please note: Amounts quoted are an estimate and subject to market volatility.

All time high! Buying & Selling 1 bitcoin is now above 1,000,000 Naira as bitcoin is track to $3000/BTC
Fun fact: Bitcoin was 45,532.76 NGN on 2015- Sept

adrianstylez:
NairaEx Do you have PM?

Trading PM is disabled.

1 Bitcoin is currently $1616.34 Is Bitcoin going to $2000 or going down to $1000?
Choose a side and place your trade at nairaex.com for buying and selling bitcoin in Nigeria at rates

.

NairaEx: Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 420
Client Sells (Receives NGN): 375
Our rates as of: Thur Apr 13 2017

Call +234 906 990 9955
BBM: NairaEx

Please note: Amounts quoted are an estimate and subject to market volatility

NairaEx: Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 420
Client Sells (Receives NGN): 375
Place your order at nairaex.com
Our rates as of: Wed Apr 12 2017
Please note: Amounts quoted are an estimate and subject to market volatility

NairaEx: Today's Bitcoin & Naira Exchange Rates

Client Buys (Pays NGN): 425
Client Sells (Receives NGN): 365

Our rates as of: Mon Apr 10 2017 , place order online at www.nairaex.com

Please note: Amounts quoted are an estimate and subject to market volatility

Today's Bitcoin & Naira Exchange Rates

Client Buys (Pays NGN): 415
Client Sells (Receives NGN): 360

Our rates as of: Sun Apr 9 2017

Please note: Amounts quoted are an estimate and subject to market volatility

Today's Bitcoin & Naira Exchange Rates

Put your money where your pocket is. Enjoy great weekend rates and VIP processing time at nairaex.com

Client Buys (Pays NGN): 400
Client Sells (Receives NGN): 360

Our rates as of: Sat Apr 8 2017

Please note: Amounts quoted are an estimate and subject to market volatility

Make Every Naira Counts, Buy and Sell Bitcoins for Naira at www.NairaEx.com with 2-8 hours processing time.


Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 400
Client Sells (Receives NGN): 350
Our rates as of Friday 06 April
Please note: Amounts quoted are an estimate and subject to market volatility.

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 400
Client Sells (Receives NGN): 345
Our rates as of Tuesday 04 April
Place your order for Bitcoin in Nigeria at www.nairaex.com
Please note: Amounts quoted are an estimate and subject to market volatility.

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 400
Client Sells (Receives NGN): 340
Our rates as of Monday 03 April
Place your order for Bitcoin in Nigeria at www.nairaex.com

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 460
Client Sells (Receives NGN): 410
Our rates as of Wed 15 March
Place your order for Bitcoin in Nigeria at www.nairaex.com

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 475
Client Sells (Receives NGN): 400
Calculate live Bitcoin & Naira exchange rates with NairaEx currency converter at www.nairaex.com

Our rates as of March 8 2017

Vickfilled:
Good morning NairaEx,
I tried purchasing (buying) perfect money from your website but the purchase page went blank. I've tried it several times, times and days without number but the page still went blank. Please, what is going on. Secondly, what is the minimum amount (in dollars) when purchasing perfect money on nairaex.com?

Hi Vickfilled,
Buying and Selling PM is currently disabled for trading at nairaex.

Bittcoin prices are set to skyrocket in the near future considering the SEC are due to make a decision on the cryptocurrencies. Represented by three ETFs launched by the Winklesvoss twins, the success depends on nearly a year of work culminating in potential recognition by the SEC.

Currently the three funds are doing extremely healthily in the market increasing in popularity as trading volume has slowly picked up reflecting a fall in premiums as regular trade leads to a better supply of the coin. Analysts such as Emiritia capital predict rises to $1645 while other estimate the $3000 mark will be reached if $2 billion is invested via the newly approved ETFs.

SEC price impact

To conclude Bitcoins future looks positive as stability is at an all time high. China’s strangle hold on the coin is slowly being weakened as cryptocurrencies is adopted by various other countries such as Nigeria and the USA. Where markets used to be controlled by Chinese pumping and dumping activities, are now stable at the $1000 mark amid trading from the region slowing down a bit. Chinese projects concerning the coin have successfully been completed but actual implications remain unpredictable. The BTCC exchange has also frozen withdrawals on its Chinese exchange which has caused a further slowdown in trading activity.


The SEC seems to be the killer app for the currency currently, as possible success could have far reaching implications, vastly accelerating Bitcoins potential as a investment asset as its legitimacy will be confirmed to the general public while misconceptions do exist limiting the potential of the future of currency. You can purchase Bitcoin via the NairaEX exchange at a premium rate and have it delivered to your address within a matter of hours!

https://btc.ng/market-news/bitcoin-price-predicted-soar-sec-announcement/

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 510
Client Sells (Receives NGN): 470
Our rates as of Wed Feb 22
Place your order for Bitcoin in Nigeria at www.nairaex.com

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 505
Client Sells (Receives NGN): 460
Our rates as of WED Feb 15
Place your order for Bitcoin in Nigeria at www.nairaex.com

joshysmartie:
1.how long before a buy order is closed
2.can i buy through a third party transfer?
3. can i buy through bank deposit?
4. must i have a bank account?

1. Typically 10 hours, however you must pay same day and while the order is still active.
2. No, the money must come from a bank account under your name
3. Yes
4. No, you can deposit cash into our account.

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 495
Client Sells (Receives NGN): 460
Our rates as of Tue Feb 7
Place your order for Bitcoin in Nigeria at www.nairaex.com

Today's Bitcoin & Naira Exchange Rates
Client Buys (Pays NGN): 490
Client Sells (Receives NGN): 450
Our rates as of Mon Feb 6
Place your order for Bitcoin in Nigeria at www.nairaex.com

Creating Your Bitcoin Wallet, The Step By Step Guide https://btc.ng/bitcoin-guide/creating-bitcoin-wallet-step-step-guide/