Best Places to Buy, Sell, Exchange Bitcoins in Nigeria online

"How do I get bitcoins in Nigeria?". That's a popular question everyone new to this strange world of cryptocurrency asks. The concept alone is somewhat a challenge for some to grasp and you might find it difficult to get some people to believe that they can actually purchase and exchange their bitcoins for the Nigerian Naira with so much ease.

As cryptocurrency gains more popularity in Nigeria and the world at large, bitcoins have become more easily accessible in Nigeria and you don't have to break a sweat when the time comes for you to spend or exchange your virtual monies.

In Nigeria, some websites have sprung up to meet this need. With these sites, you can buy bitcoins, sell, receive and send bitcoins to any part of the world.

These are our top picks based on functionality, ease of use, security of funds and trustworthiness.

1. BitX

Topping our list is BitX. This site does it all. BitX not only houses your Bitcoin wallet securely, it features the option of receiving/sending bitcoins to and from the wallet you create, from/to anywhere and anyone with a Bitcoin wallet in the world.

The sweetest feature of BitX is that your Local bank account can be linked directly to your BitX wallet making it super easy to buy and sell bitcoins and have your money in Naira deposited directly into your bank account.

BitX also shows Bitcoin value in Naira making things easier to understand and process.

Note: You will be required to upload a valid means of Identification to withdraw funds.

Visit www.Bitx.co. BitX app is also available on Google Playstore and ios.

2. Nairex

Nairex is a bitcoin to Naira exchange site.

You can buy bitcoins by making a bank transfer payment to the Nairex Account and have your bitcoins delivered to you Bitcoin wallet. You can also sell your bitcoins to Nairex and have your Naira equivalent sent to your bank account.

Nairex does not house your funds i.e you do not get to have a Bitcoin wallet on Nairex. Also, note that Nairex buys bitcoins from you at a much lower rate than the amount they sell bitcoins.

Visit Nairex.com

3. LocalBitcoins

LocalBitcoins is an International service where you can purchase bitcoins from sellers based on your current location. This makes it easy to find sellers and buyers closest to you.

Verified Individuals can sell bitcoins on LocalBitcoins to interested buyers.

This is a perfect market situation, with competing sellers, you are more likely to find a good price to buy your bitcoins on Localbitcoins.

Visit www.localbitcoins.com

4. Transact with Individuals

Another popular means of purchasing and selling bitcoins have been from trusted individuals. People opt for this method because most of the time, their rates are less than the above mentioned websites and most of the time, you get your bitcoin dollars transferred to your bitcoin wallet faster.

This however comes with its distinct disadvantage of buyers getting defrauded. Regardless of its advantages, it is only recommended you use this option if and only if you are familiar with the seller.