If you’re wondering how to buy and sell Altcoins in Nigeria, you’ve come to the right place. There are no hidden fees or charges at Quidax, the easiest way to buy and sell cryptocurrency. To use the service, simply enter your phone number and bank account details to verify your identity. Then, all you need to do is click ‘buy’ and’sell’ to buy or sell bitcoin.
There are many benefits to trading Bitcoin and Altcoins in Nigeria. First, they are a great way to invest in the shaky Nigerian economy. The government is worried that the people who use cryptocurrency are siphoning stolen money, but it also wants to allow the public to self-regulate and put in place AML/KYC compliance mechanisms. Second, the government is indirectly endorsing Blockchain, stating that it will form the foundation of all future technologies.
Lastly, Bitcoin is a decentralized currency with no central bank or government to manipulate the value. This means that the supply of Bitcoin will never fall below a fixed level. The Bitcoin blockchain protocol and its underlying code will determine its supply. As new Bitcoins enter circulation every 10 minutes, the total supply will eventually reach 21 million tokens, a number that is expected to be reached in 118 years. Bitcoin and other crypto currencies have soared in value, making them the best investment opportunities for naira-dependent investors.
As cryptocurrency trading becomes more popular, Nigeria is becoming the global hub for BTC trading. Nigerians are among the world’s most active cryptocurrency users, and a recent study found that 32% of the participants were from Nigeria. These results suggest that many Nigerians have lost faith in the traditional financial system and are looking for alternative methods. The government is catching on to this trend by providing financial services that are available on the internet.
The process of buying Bitcoin in Nigeria is relatively simple. Depending on your preferred currency, you can choose a crypto exchange that offers the best exchange rates and support e-wallets and debit cards. Make sure to check out fees and regulations before choosing an exchange. A good exchange platform will also be fully automated, making buying and selling Bitcoin fast and convenient. A few good sites for buying Bitcoin in Nigeria include Mytopexchange and Bitcoinprimo.
There are many reasons to invest in crypto in Nigeria. One of the biggest advantages is that it’s anonymous. Unlike traditional investments, cryptocurrencies do not involve any central authority. Unlike other forms of digital currency, altcoins are free from the constraints of government, banks, and third parties. Because there’s no central authority, there is no chance of fraud. If you’re an avid cryptocurrency investor, there are many opportunities to earn money from your investment.