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How to buy bitcoin in Nigeria

Nigeria
Bitcoin

Bitcoin presents an electronic user payment tool that is identical to digital wallets and bank accounts. BTC is the main unit for financial operations on the network. Digital money, unlike usual money, does not depend on the economy of countries or on the Central bank. Users make all operations to issue new money, to process payments and to make new accounts.

The first steps in the development of the system appeared in 2008 from the creator Satoshi Nakato and developer Hal Finney, and on January 3, 2009 the official launch of the system took place. Bitcoin has become a protest against traditional money and pegging the finance of one country. The idea of ​​independent money was supported by a narrow community, but as the number of users and the value of BTCUSD grew, the system began to gain popularity.

Today we will tell you how to buy bitcoin in Nigeria.

How to buy Bitcoin on Itez:
step-by-step instruction
1.

In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.

2.

After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.

3.

Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.

Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.

For example, this is how the copy address button looks like in the Exodus wallet:

5.

After copying the bitcoin wallet address, paste it into the dialog box.

Check your data — it is important to make sure that the address is entered correctly.

6.

After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.

7.

Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.

Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.

Banks

In Nigeria citizens and travelers can buy Bitcoin (BTC) with any Nigerian bank card. Afri Bank is one of the largest banks in Nigeria, followed by Barclays, Diamond Bank and Equitorial Trust Bank.

Bank cards

People in Nigeria may use real debit and credit cards of Mastercard, VISA and Skrill payment systems. They can also purchase virtual cards worked out by special services.

How to store bitcoin

Decentralization is included in the list of the most important BTC peculiarities. In case a person has a private key and a seed phrase, his digital money will get, of course, full safety. It is because of the fact that other users have no opportunity to make use of your bitcoin. If you want to get a full list of wallets go to bitcoin.org