Are you looking for the best apps to buy Bitcoin in Nigeria? Look no further. This article gives you all you need to know about the best apps that allow Nigerians to buy Bitcoin.
Known as the first decentralized cryptocurrency, Bitcoin is a type of digital asset that makes use of public-key cryptography to record, sign, and transmit transactions over the Bitcoin blockchain – all without the need for a central authority.
In addition to being a decentralized digital currency, Bitcoin is a peer-to-peer network of nodes that allow transactions to be verified through cryptography and recorded in a public ledger called the blockchain.
It was invented by an unknown individual or group of individuals using the name Satoshi Nakamoto in 2008. The currency was released as open-source software as early as 2009, when its implementation was released.
Since Bitcoin is already making waves in the crypto market, so many Nigerians are now turning to it.
In this article we are going to look at the best apps to buy bitcoin in Nigeria. The article deals primarily with the apps you can download to buy, store, and even exchange them in Nigeria.
The following apps are completely free for beginners and experts to use, and anyone can buy cryptocurrency as much as they want.
With smartphones these days, you can buy cryptocurrencies and it is much easier. Let’s look at these 20 Best apps to Buy Bitcoin in Nigeria without wasting much time.
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Things You Need to Consider When Buying Bitcoin
Bitcoin may not be regarded as a currency in every situation, but it is still money and you should consider any bitcoin transaction as you would if you were signing up for a new credit card or loan – from fees to security, you’d want to know everything about it.
1. Fees
Different exchanges have different fees so it’s very important to make sure you know this information before committing.
When deciding where to buy your bitcoin, it pays to consider things like currency; if you transfer GBP to an exchange which only deals in US dollars, you will immediately be charged a conversion fee. By choosing an exchange that accepts your currency, you can avoid these fees.
2. Speed
Different exchanges have different speeds when it comes to getting your bitcoins to your wallet and making transactions. Some could take five days to get the currency to your account whereas others will be far quicker.
3. Accessibility
Some exchanges differ in terms of platforms available for use – for example, some are solely mobile-based and, in this case, you would not be able to manage your money from a laptop.
In the same way that you probably wouldn’t feel comfortable making a large bank transfer on a friend’s mobile you’re not used to, you shouldn’t choose an exchange which operates from a platform you’re not fully comfortable using.
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15 Best Apps To Buy Bitcoin In Nigeria
1. Luno
Looking for a safe mobile app in buying Bitcoin look no further line is here to serve you. Whether you are a beginner or an expert you can use a Luno mobile app to buy Bitcoin with ease.
Luno, one of best apps to Buy Bitcoin also supports other cryptocurrencies like bitcoin and ether. It has a wide channel with a range from the United States to Great Britain.
The mobile app gives instant updates on the price of Bitcoin. Want to buy bitcoin now Luno got you.
2. Coinbase
A simple safe platform to buy Bitcoin in Nigeria. With over a million users across 32 countries if the world, you know you are covered.
Coinbase makes buying of bitcoin easy and instant. It also supports the purchase of other cryptocurrencies. All it takes to buy is your bank account or a debit card. It also helps to store and sell bitcoin.
Don’t worry about the security of your bitcoin, coinbase stores 98% of it offline, and others are protected by industry-leading online security. Whether you are a beginner or an expert this app runs well for both. Purchase starts from as little as $20.
3. Binance
One of the world’s leading platforms to buy bitcoin by volume. The platform is trusted by millions of users worldwide. Get to buy bitcoin and other cryptocurrencies at a low price. You shop bitcoin by simply adding a debit or credit card to buy and also sell instantly.
Binance app makes you earn interest in trading your bitcoin. Not to forget, the security level is high and also give instant price alert. Binance also has a very nice customer service that runs 24/7.
4. Xapo
Founded in 2013, Xapo, one of best apps to Buy Bitcoin. It allows for storage of cryptocurrency and functions in a multi-signature wallet, as well as offering Bitcoin-based debit cards.
Users can check the value of up to 150 different cryptocurrencies in real time, and can also create savings accounts consisting of both traditional currencies and cryptocurrencies.
Data is protected within a vault that is secured by biometrics as well as 24-hour surveillance.
5. BitPay
BitPay aims its services not only at cryptocurrency investors, but also traders and merchants.
The app supports BitCoin and BitCoin Cash along with over 150 currency pricing options, and comes with its own prepaid Mastercard debit card.
What’s more, users are notified when payments and transfers have been completed, and like Xapo, multi-signature authentication is in place.
6. Blockfolio
If you are somewhat of a Bitcoin pro and are looking for a financial app that will allow you to keep a close eye on your investments, then Blockfolio will be the app for you.
This app will send you notifications once various cryptocurrencies have reached a particular threshold and offer you details about all of the cryptocurrencies out there so that you can stay as up to date as possible with what’s new in the world of Bitcoin.
7. Ledger Live
Ledger live is one of best apps to Buy Bitcoin. Ledger Live lets you buy bitcoin in Nigeria and other crypto treasures with ease.
How to buy using a credit card or a bank transfer and that’s all. In terms of security ledger live is backed by ledger hardware wallet which helps secure and allows you to store up the bought bitcoin.
The mobile app is compatible and has a nice user interface. It also leaves from for users to gain interest by allowing your stake to grow.
8. Green
Green is one of best apps to Buy Bitcoin. Green is a simple and secure bitcoin wallet that allows you to buy and sell bitcoin with no stress.
Developed by one of the most respected teams in the business, green support most platforms and can be used by both beginners and professionals.
With a unique dual key security, in which one key protects two -factor authentication.
9. Pepperstone
Having launched in 2010, Pepperstone is a relatively new broker. However, it has grown exponentially over the past 10 years to become a reputable, popular broker.
Pepperstone is known for its low trading fees and is regulated by the FCA, Australian Securities and Investments Commission (ASIC), and other regulatory bodies – all listed on its website.
It uses some of the best trading platforms available, such as MetaTrader 4, MetaTrader 5 and cTrader, available on mobile, tablet and desktop.
Pepperstone offers bitcoin trading on a CFD-basis (this means you are trading on the price movements of the currency and not buying/owning the coin itself).
Therefore, you will not need a digital wallet to trade with Pepperstone. A free demo account is available.
Cryptocurrency CFD trading with Pepperstone is only available for professional clients.
As well as bitcoin, you can trade other cryptocurrencies, such as Ethereum and Bitcoin Cash.
10. Blockchain
Established in 2011, Blockchain.com was one of the early pioneers of key Bitcoin infrastructure, and today is recognized as the most popular cryptocurrency exchange in the world – supporting more than $1 trillion in crypto transactions.
With 37 million verified users in 200+ countries, the Blockchain.com exchange offers fast trades and low fees – which get even lower depending on the amount you trade.
Fees are structured on a maker/taker basis, which means that both the seller (maker) and the buyer (taker) pay a percentage of the value to the exchange to complete the trade.
For low value traders (up to $9,999 in 30 days), this is set at 0.20%/0.40%.
11. Crypto.com
Crypto.com was created as a place to buy, sell and trade cryptocurrency, and is a decentralised exchange where users can exchange fiat or cryptocurrency for more than 100 of the most popular altcoins.
Crypto.com has more than 10 million users and provides services in 90+ countries globally. For security, 100% of user crypto is kept in cold storage, while the hot wallets that are used to ensure fast transaction speeds contain corporate funds.
All fiat currency is held in regulated custodian bank accounts, and there are strict security protocols around access to wallets based on the principle of least privilege.
You can deposit 20+ fiat currencies using a credit or debit card, as well as through bank transfer, and through the app you can buy cryptocurrency at the true cost (with a commission).
12. Kraken
Kraken is a Bitcoin and cryptocurrency exchange that places itself as ‘on the forefront of the blockchain revolution since 2011’.
Styled as a crypto exchange for everyone, there is a whole Resource Center full of the basics of trading cryptocurrency.
The feature-loaded interface is easy to use for beginners, and the long and short-term investment strategies, including margin and futures trading, are suitable for the more experienced investor.
The exchange has fees that are volume-based and investor friendly, with bigger trades attracting 0% trading fees – but the exchange is very upfront about the costs involved with buying and selling Bitcoin on a maker-taker structure.
13. Bittrex
Bittrex, one of best apps to Buy Bitcoin was founded in Seattle, Washington in 2014.
Although Bittrex doesn’t provide a mobile or desktop platform, it still offers over 100 tradeable coins, including bitcoin, ethereum and litecoin.
14. Robinhood
Robinhood Crypto allows users to trade bitcoin, ethereum, bitcoin cash, litecoin, dogecoin, ethereum classic and bitcoin SV.
Ten additional coins can be added to a watch list. Robinhood Crypto is best-fitted for users who trade multiple classes of assets.
15. Gemini
Founded in 2015 by the Winklevoss twins, Gemini, one of best apps to Buy Bitcoin is a licensed digital asset exchange and custodian built for both individuals and institutions.
Gemini lets users buy, store, and sell bitcoin, ethereum, litecoin, bitcoin cash and zcash, as well as the self-named Gemini dollar.
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Frequently Asked Questions
How do beginners buy bitcoins?
As a beginner, the first step is to set up a secure bitcoin wallet. This is used to send and receive bitcoins.
Upon setting this up, you will be given a private and public key. Your private key must be kept confidential so you should never share it with anybody else.
Where can I buy bitcoin directly?
There are several different options if you want to directly buy bitcoin. These include Paypal, online exchanges like eToro or Coinbase, trading apps like Robinhood or using a bitcoin ATM.
How can I get free bitcoin?
There are a few options to consider if you want to get free bitcoin. These include reward programme incentives, affiliate marketing and bitcoin mining.
If you search online for ‘free bitcoin’, you will be able to find out more about shopping online to earn bitcoin, crypto mining to earn bitcoin and answering surveys to get free bitcoin.
Wrapping Up On The Best Apps To Buy Bitcoin In Nigeria
There you have it. The best apps to buy Bitcoin. All these apps are easy to use and are also good to trade for experts.
Each has its advantage. So I urge you to choose the app that best suits your taste.