Created in 2009, Bitcoin-the new digital cash has carved a prominent space for itself in the Nigerian market. Thousands of Nigerians, predominantly of have been very involved in mining, buying, and selling bitcoins. Bitcoin Trading has grown to become what the average Nigerian would call Hot Business because of the huge returns on investment gained. Currently, Nigeria holds a proud place as the second-largest Bitcoin market in the world. Even with the current ban on cryptocurrency, Bitcoin trading still holds its place of prominence in Nigeria.

The business of trading bitcoin somehow poises as a very tricky and slightly difficult one. It takes skill and a lot of experience in the field to sell your coins to the right buyer and at a very good rate. Inexperienced traders sometimes sell their coins at ridiculous rates and make a very small profit. Sometimes these traders lose their investment to fraudsters by patronizing fraudulent sites.


Many fake exchange sites offer high market prices which compete fiercely with the regular market price. Without a good knowledge of the rise and fall of Bitcoin rates, a novice trader might fall for one or two of these scams.

To invest wisely is not just to know when to trade, but where to trade and how to monitor Bitcoin exchange rates. We have carefully picked out legit, secure and top paying sites for Bitcoin Exchange in Nigeria.

Here are our top choices.
RedimIT
RedimIT is a secure and reliable Bitcoin exchange platform with a user-friendly interface. It is one of the very secure sites to trade Bitcoin for Naira. It is the fastest, secure and most reliable exchange platforms in Nigeria. Redimit stands out from other Bitcoin exchanges because it offers the best exchange rates and a moderate makers and takers fee. Just like Remitano, registration on the RedimIT platform is completely free. All you need to do to get started is to create an account, deposit funds and begin trading. RedimIT is secure, trusted, reliable and provides platforms for very fast transactions. It uses a very simple verification process which makes it easy to trade on. redimit.com

Binance
Binance is one of the largest and most popular Bitcoin exchanges in Nigeria. It is reputed for the unique features it has in comparison to other Bitcoin exchange sites. Currently, Binance can be used to trade over 500 Cryptocurrencies some of which are Ethereum, LiteCoin, and BNB Not only is Binance the largest cryptocurrency exchange by trade, but it is also one of the fastest exchange systems in the world.

Some of the basic features of Binance are its largely used Trust wallet used to send receive and store digital assets like Bitcoin. It also has a globally recognized native asset called BNB. Transactions are easy to make on the Binance platform because of the availability of different payment methods, including debit cards. Also, a P2P (Peer to Peer) trading feature makes it easy for novice traders to make scam-free transactions.
With a record of more than 1,400,000 transactions per second, Binance is one of the most trusted, secure, reliable and high paying sites in the Bitcoin exchange system.

Luno
Luno is a Crypto exchange platform that allows you to buy, sell and save Bitcoins, Ethereum, XRP or Litecoin in a secure wallet. With over 60 million customers and transactions estimated at $17B, this site is one of the booming ones in the exchange business. The mode of trade of Luno might seem a bit difficult for novice traders, compared to Binance. However, you will find it easy to trade on if you follow each step of the trading process as directed by their team of customer support staff.

Not only does Luno offers great exchange rates for selling or buying Bitcoins its maker and taker charges are fair and moderate. Luno is secure, reliable, and it is one of the best sites to buy Bitcoin in Nigeria.

Remitano
Remitano operates a P2P Bitcoin exchange system in more than 40 countries. This makes it one of the leading Cryptocurrency exchanges in the world, leading Binance in certain areas. Trading is very easy on the Remitano platform as it operates a P2P system that allows peers to interact and make transactions with each other. One feature that makes this platform stand out from others is its free registration feature. To store your digital assets on this platform all you need to do is register for N0 and get started. In addition to its free feature, Remitano is easy to use and has a user-friendly interface with little or no complications.

Currently, Remitano is leading the Nigerian Bitcoin market because trading and exchange activities are still on-going on this site despite the current ban on cryptocurrency in Nigeria. It is the best site for selling bitcoins, Ethereum, and other cryptocurrencies. Also, Remitano is very trusted and reliable which explains why 1.5 million people trade on this site daily.

The exchanges listed above are the most trusted in the Bitcoin industry. They do not just offer high exchange rates but are also very secure and reliable. We strongly recommend RedimIT because if it's an easy user interface, a less complex mode of operation, and instant payment. However, the RedimIT site is majorly involved in helping traders sell Bitcoin and not buy or save their assets. Binance and Remitano on the other hand allow you to buy and save your digital assets on their platforms.

Hmm quite interesting. Thank you for your inputs on this. It was quite insightful

namedo:
You make more money from other upcoming altcoins. Bitcoin will not rise above $100,000 this year. And that's 100% increase but some altcoins rise above 2,000%

So are you saying bitcoin investment right now is not a wise decision? Cause we have a lot of pro bitcoin traders advising people to buy and hold once there is the slightest dip.

malcom1X:
Bitcoin is going to crash on August when the bear market starts, the time for hodling Bitcoin is over, I believe day trade will give you small profits.

There were some pump and dump back in the days I don't know if they still exist.

You can invest in real estate now if you have a large amount of Bitcoin.

Considering the Bitcoin trend lately, is it advisable to Day trade bitcoins or hold with the hope that it keeps appreciating?[b][/b]

Fair point! But do you think the meeting would yield result?

Optional09:
Bitcoin price has since crashed since Nigeria pass their mumu laws.

My money is trapped in bitcoin because i don’t want to sell at a loss. The Nigerian government should urgently lift the ban so that we won’t lose all our earning to foreign owners of bitcoin establishment. This should have been the first in Nigerian governments mind before banning bitcoin, putting your citizen ahead of any national action will let you act well as a civil servant, but if all your thought is to oppress. you’ll always take actions in panic causing yourself to make grave errors. If you know emefuele tell him as a matter of citizens interest he should lift the ban to let us realize our gains and cash out.

Nigerias are the second largest investors in bitcoin after the United States. Instead of meeting with stake holders in the bitcoin establishment to determine how you can fairly tax bitcoin investors and make more money for the country you rushed and ban it they everyone losses.. dumb shit

hahaha, you can sell on redimit visit our website

abeniagbon:
Binance is the worst place to have you money

This has got to be the funniest

DenreleDave:

Sell oo ��� So it doesnt become "dipper life"

DenreleDave:

Good morning, Have you tried selling on redimit? You should check the platform out.

clems88:
Dunno what's wrong with my binance. Couldn't login since yesterday because glo refused to send my otps which made me miss trade I wanted to place last night . since this morning now even to see my balances in my second account no way.

we have seen it happen many times, but it still comes back stronger. Long term sound like a good idea

PissfulProtester:
Bitcoin in 2021 might just be preparing for a huge dump. it's always a good long term investment though

There have been several works, types of research, analysis, and a paper stating the past, present, and future of bitcoin. As expected, not all reports agree on where the token might be headed. This could be connected to the different rationale behind price predictions according to the assumptions made.

For example, Bitcoin developer and early electronic cash pioneer Adam Back says that Bitcoin should reach as high as $300,000 over the next several years.

“[Bitcoin] might not require additional institutional adoption [to reach $300,000] because the current environment is causing more individuals to think about hedging [and] retaining value when there’s a lot of money printing in the world,” Back told Bloomberg.

Another one, cryptocurrency exchange Kraken and the Economist predict that Bitcoin’s price will hit a whopping $1.91 million USD by 2022, Satis estimates a price tag for Bitcoin of $96,000 USD by 2023, and Vision & sees Bitcoin hitting $65,000 USD by 2028.

Based on the predictions of experts, it's easy to see that Bitcoin growth could be enormous considering current prices at $31,000, (visit www.redimit.com to see current price)

Experts and big investors say that Bitcoin growth could be enormous considering the current price at $31,000.

Although, how and when Bitcoin price will reach such predictions is unclear. Analysts severally carry out technical analysis in order to predict price movements and when they may happen.

We’ve gathered FAQS as regards these predictions:
1. Will Bitcoin Go high in Value?
Experts have predicted so, therefore we cant say contrary to that
2. Is investing in bitcoin a smart choice?
This is a personal decision, on your goals and personal research
3. How is the price of Bitcoin determined?
The price of Bitcoin, like any other currencies is determined by demand and supply.
4. Can Bitcoin be exchanged for Real Money?
Yes, there are exchange platforms like www.redimit.com to exchange bitcoin for naira

Thank you
Written by Redimit[b][/b]

There have been several works, types of research, analysis, and a paper stating the past, present, and future of bitcoin. As expected, not all reports agree on where the token might be headed. This could be connected to the different rationale behind price predictions according to the assumptions made.

For example, Bitcoin developer and early electronic cash pioneer Adam Back says that Bitcoin should reach as high as $300,000 over the next several years.

“[Bitcoin] might not require additional institutional adoption [to reach $300,000] because the current environment is causing more individuals to think about hedging [and] retaining value when there’s a lot of money printing in the world,” Back told Bloomberg.

Another one, cryptocurrency exchange Kraken and the Economist predict that Bitcoin’s price will hit a whopping $1.91 million USD by 2022, Satis estimates a price tag for Bitcoin of $96,000 USD by 2023, and Vision & sees Bitcoin hitting $65,000 USD by 2028.

Based on the predictions of experts, it's easy to see that Bitcoin growth could be enormous considering current prices at $31,000, (visit www.redimit.com to see current price)

Experts and big investors say that Bitcoin growth could be enormous considering the current price at $31,000.

Although, how and when Bitcoin price will reach such predictions is unclear. Analysts severally carry out technical analysis in order to predict price movements and when they may happen.

We’ve gathered FAQS as regards these predictions:
1. Will Bitcoin Go high in Value?
Experts have predicted so, therefore we cant say contrary to that
2. Is investing in bitcoin a smart choice?
This is a personal decision, on your goals and personal research
3. How is the price of Bitcoin determined?
The price of Bitcoin, like any other currencies is determined by demand and supply.
4. Can Bitcoin be exchanged for Real Money?
Yes, there are exchange platforms like www.redimit.com to exchange bitcoin for naira

Thank you
Written by Redimit[b][/b]

Phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and sometimes, indirectly, money), often for malicious reasons, by masquerading as a trustworthy entity in an electronic communication.

There are numerous ways to lose your Bitcoins to phishing scams, fraud, and theft are getting more and more common these days. This article will describe how to avoid phishing scams in Nigeria.

Phishing is when someone tries to trick you into thinking they are a trusted company or website by having you visit a fake site.
Typically, phishers contact you via email or through a fake web advertisement.

The end result is you go to their website by mistake and either get malware or lose your bitcoin through a fake sale.

With emails, you have to be careful to not take the bait. You may receive an email from a wallet or exchange you already use, either by coincidence or through past database hacks. Maybe hackers obtained your email address on the black market; for example from a Yahoo! or other service hacks.
The best practice is to not click on any hyperlinks in an email or open attachments.

Go directly to the website if you have to do business there. A common tactic is to make a hyperlink look real, but if you hover over it you will see the fake website URL.

Always check the sender's email to see where it’s coming from (although this is not 100% reliable as emails can be spoofed). With fake web advertisements, you have to be careful about the site you are visiting.


Watch out for our next post on how to avoid phising.

Meanwhile you can visit www.redimit.com to read up on more from our blog

This is going to be a very short article. Recently, I was on the phone with a friend who stays in Ghana and mentioned that he had issues sending some cash across to his mum who stays In Nigeria. That was when it occurred to me that this festive period, seeing that it is a period of gifting. So here is what you can do if you find yourself in such a position.

All you have to do is find a platform that buys BTC, sell the equivalent of its worth to naira, then at the point where you are to put in your bank account details, fill in the recipient's details as the receiver's account, and that is all!

incase you are wondering what platforms offer this service, visit www.redimit.com to sell your crypto for naira.

Its the season where a lot of people are in the mood to sell their bitcoins, as such, a lot of people are also in the mood to scam people of their hard-earned BTC

Phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and sometimes, indirectly, money), often for malicious reasons, by masquerading as a trustworthy entity in an electronic communication.

There are numerous ways to lose your Bitcoins to phishing scams, fraud, and theft are getting more and more common these days. This article will describe how to avoid phishing scams in Nigeria.

Phishing is when someone tries to trick you into thinking they are a trusted company or website by having you visit a fake site.

Typically, phishers contact you via email or through a fake web advertisement. The end result is you go to their website by mistake and either get malware or lose your bitcoin through a fake sale.

With emails, you have to be careful to not take the bait. You may receive an email from a wallet or exchange you already use, either by coincidence or through past database hacks. Maybe hackers obtained your email address on the black market; for example from a Yahoo! or other service hacks.
The best practice is to not click on any hyperlinks in an email or open attachments.

Go directly to the website if you have to do business there. A common tactic is to make a hyperlink look real, but if you hover over it you will see the fake website URL. Always check the sender's email to see where it’s coming from (although this is not 100% reliable as emails can be spoofed). With fake web advertisements, you have to be careful about the site you are visiting.


How to avoid Phishing
Always be suspicious of emails asking you to log into a specific service. Double-check the “from” email address and the URL in the browser you’re taken to.

Also, it’s best to always access sites directly from the browser and not from links. Also, make sure the site uses SSL connection — this means you should see a “lock” icon at the beginning of the address bar and that the URL immediately after begins with “https” and not “https”.
Most phishing sites don’t have an SSL certificate, although there may be exceptions. Lastly, most services that you sign-up with know your name and use it in their emails. So if you are addressed as “sir” or “dear customer” see that as a warning.

How to buy and where to buy Bitcoins safely in Nigeria

Are you looking to purchase bitcoins or you have bitcoins you are willing to sell? Well, you are in luck because of all the bitcoin exchanges that are out there now, we can only but recommend the best.

There are thousands of merchants that accept bitcoin across the world. For example, Redimit accepts Bitcoins all you need to do is visit the website www.redimit.com to get started.

BEWARE OF SCAM!

WRITTEN BY

RedimIT NG
Follow

That sounds like a plan

ifex370:
I'd rather buy property and find my crypto journey with the rent proceeds.

The other day on Twitter, I heard someone say he would rather buy bitcoins worth 500 million naira than buy a property with that money. His reason was that the rate of appreciation for the two investments wasn't the same and that he could get a lot more money from buying bitcoins and later get a house.

Who else agrees with this school of thoughts and why?

Visit www.redimit.com to sell your bitcoins at interesting rates.

Bitcoin and the cryptocurrency market have started out nearly 10 years ago as an experimental step towards digital currencies. In 2010 Bitcoin was still infamously used to buy a $30 pizza for 10,000 coins, and 8 years later, that pizza would have been valued at $82 million. Forward to now, a lot of people have large investments in bitcoin.

So the Question when Is the right time to sell? Here are 5 signs [/color][color=#006600]

Sign #1 You have achieved your goal. following one principle of trading, in order to make a profitable investment, you need to sell it for more than you bought.

Sign #2 You are have anxiety over your investment. Omo! This is bad sign oo Face with tears of joy you never know when your village people are listening. Please sell ASAP

Sign #3 You still don’t know what #Bitcoin is. This is popular among people who have a lot of “if you are not investing in #btc you are wrong” on their WhatsApp status Plix dears sell if you don’t have enough knowledge about it so that you don't loose all due to ignorance

Sign #4 All your money is in bitcoin. As much as bitcoin is seen as the future, we don’t know how many down times it may have before it gets to its peek. Please sell some and leave the rest.

[b]Sign #4[/b In everyone's life there can be strenuous events for our wallets. Bitcoin might be a great investment, or just a bubble. Certainly there are more important events in life than the ones on Bitcoin exchanges. If you truly need some cash for a crucial event in your life, and not a Cuban vacation, then do sell your Bitcoin, especially if you still gained long term profit on it.

We hope this article has helped you figure if it's time to sell your bitcoin, especially now that BTC worths a lot.

visit www.redimit.com to sell if need be, the rate is excellent at N480/$