How to buy bitcoin with credit/debit card in Nigeria(Step-by-step guide))
How to buy bitcoin with credit/debit card in Nigeria(Step-by-step guide)
Buying Bitcoin in the past used to be quite difficult for Nigerians, but as more exchanges pop in and out, it is becoming easier to buy Bitcoin in Nigeria.
If you have been looking for an exchange where you can purchase/buy Bitcoin in Nigeria with your credit/debit card or you are just looking for a step by step guide on how to buy Bitcoin in Nigeria with your debit/credit card, you have come to the right place.
In this blog post, I am going to show you two(2) trusted exchanges where you can buy bitcoin with your credit/debit card in Nigeria and also a step by step guide on how to go about it.
These two exchanges are luno and quidax.
Lets get into it then…
Table of contents
2. Step by step guide on how to buy Bitcoin with credit/debit card on luno
4. How to buy bitcoin with credit/debit card in Nigeria using quidax wallet.
5. Other exchanges to buy Bitcoin easily
Luno is a Cryptocurrency exchange platform where you can buy Bitcoin, ethereum and Bitcoin cash.
Luno was established in 2013, luno was formerly known as bitx, it was only as recently as 2016, that it rebranded to luno.
It was setup by Timothy stranex. Luno is aimed at developing countries like Nigeria, Indonesia, Zambia and Malaysia.
Luno has a wide range of payment options like:
1. Debit/credit card
2. Bank transfer
3. Card deposit
4. Gtbank transfer
5. Cash deposit
Step by step guide on how to buy Bitcoin with credit/debit card on luno
Before you can buy bitcoin on luno with your debit/credit card, you will have to register an account.
After registering an account, go to your luno dashboard:
1. Click the MORE button and deposit money to your luno naira wallet
2. You will be asked to pay with PAYU.
3. Click the PAYU icon to deposit your money into your luno wallet.
4. Enter the amount you want to pay and click NEXT
5. Click continue to PAYU
6. Input all your card details and click CONTINUE
You will be sent an OTP, Input the OTP before it expires.
After payment is made, you will be redirected to a success page.
Your luno account will be credited, you will then need to exchange it for bitcoin.
To do this,
1. Go to homepage
2. Hit the bitcoin logo with “buy” written under
3. Click “buy bitcoin”
4. On the next page you need to input the Bitcoin equivalent in Naira and click the NEXT button.
5. Finally just click the confirm button and wait for your bitcoin.
Quidax is a Cryptocurrency exchange that was launched on August 1, 2018 ( in alpha testing), it is now in beta stage.
Quidax is registered in Malta, quidax supports Nigerian naira as a local currency.
How to buy bitcoin with credit/debit card in Nigeria using quidax wallet.
Before buying bitcoin or any Cryptocurrency with credit/debit card in Nigeria, you will need to register an account.
Then fund your quidax wallet, you can then proceed to buying bitcoin.
Funding your quidax wallet
1. Click on wallets
2. Click on card payment
3. Input the amount you want to deposit
4. Click PAY
You will be redirected to a secure payment page.
5. Input your card details
6. Click PAY
You should receive an OTP, input it before it expires, you will then be redirected to a success page.
Your quidax wallet should be funded, and you can then proceed to buying bitcoin
1. Go to the instant buy/sell page
2. Select the Cryptocurrency you want to buy(Bitcoin in this case).
3. Then, select “Naira” as the currency you want to buy with.
4. In the amount to spend, enter the amount for the currency you are buying with.
5. Confirm all the details
6. Click buy.
Other exchanges to buy Bitcoin easily
Remitano is a foreign exchange owned by a company called Babylon solution limited that is based in Seychelles.
It operates in about 32 countries, it provides escrowed peer to peer Bitcoin marketplace where people buy and sell Bitcoin with ease.
The seller’s list the prices at which they are willing to sell their cryptoassets.
Buyers can scroll through different list of sellers and their respective prices.
Remitano places seller’s coins in escrow wallet, the buyer then transfers the agreed exchange amount in that currency to the seller’s account.
You can read my remitano review
Naira4dollar is a company of sunej global ventures limited, it is an e-currency exchange company that has been in operation since as far back as 2006.
Naira4dollar is registered with the corporate affairs commission (CAC) with registration code RC-1069456.
Naira4dollar has offices in bith Ibadan and Lagos where you can buy bitcoin directly.
Read my Naira4dollar review
Naira2usd is an e-currency exchange in Nigeria owned by simac and c services funds.
Naira2usd supports a range of cryptocurrencies including Bitcoin.
Naira2usd has payment options like bank deposit, mobile transfer and online transfer. You can also pay in other cryptocurrencies.
Read my Naira2usd review
Instantgold is a Nigerian e-currency exchange that was established in the year of 2007, they specialize in the provision of fast and efficient e-currency exchange to their clients.
Instantgold has offices in both Lagos and port-harcourt.
Instantgold is a safe exchange for you to buy bitcoin in Nigeria.
It is very easy to buy bitcoin in Nigeria using your credit/debit card, if you follow the above steps carefully, buying bitcoin with your debit/credit card should be a breeze.
I know some people are usually fearful of using their credit/debit card to buy bitcoin on some exchanges, especially the ones that ask for your bank verification number.
Most of them usually do this as a precaution against scammers. The above exchanges have proven trusted so far, so you should have no problem using them.
I hope I have helped you on how you can go about buying bitcoin with your debit/credit card in Nigeria.
If you have questions or you have something to add that will aid others in buying Bitcoin with their credit card, you can comment it below.
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