Buying bitcoin with nigerian currency

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The lower informal exchange rate can mean sending money to changed drastically the days after the ban was announced, perhaps driven by the panic that followed, and the demand for bitcoin dropping slightly: the unofficial exchange hit between and naira per dollar, Ayodeji said.

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How To Fund Any Crypto Wallet With Your Naira In 2 Minutes
To check the price of Bitcoin to Naira, Nigerian users can use the Bitcoin page on CoinMarketCap, and simply switch the currency on the top right to NGN. Step-. NairaEx is a leading Nigerian Bitcoin exchange where you can buy and sell Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Perfect Money with Naira at best. Follow the on-screen instructions to complete the transaction and receive your Bitcoin in your wallet.

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Both, of course, have their advantages and disadvantages. The rising popularity of cryptocurrencies has not gone unnoticed by Nigerian regulators. Note that some have imposed restrictions on Nigerian residents in the wake of the CNB ban.