Bitcoin has become so popular in Nigeria, all thanks to programs like Zarfund, MMM United and MMM Nigeria. To start using Bitcoin, you need a Bitcoin wallet and you also need to fund your bitcoin wallet. In this post, you will get to know how to fund/buy bitcoins in Nigeria.
I’ve seen people who sell Bitcoins to their friends on Facebook and forums. Though this is not really a bad idea but it’s not good enough. A lot of people complain that they were scammed while trying to sell or buy bitcoins from someone they met online.
List of websites to Buy Bitcoins in Nigeria
In a nutshell, I recommend you buy Bitcoins from a reputable company that sells Bitcoins. One of the trusted companies that sell and buys Bitcoins in Nigeria is Luno Payments Limited.
Note: Luno was formerly BitX. Read about the change of name here.
Luno is a Singapore company that opened its services to Nigeria in 2015. The company has branches in Nigeria, South Africa, Kenya, Malaysia and Indonesia. Luno Payments Limited is Registered under the Nigerian Corporate Affairs Commission with RC1216337.
How to fund/buy Bitcoins in Nigeria
To buy Bitcoins means to convert your Naira to Bitcoins.
Visit Luno.com to create an account.
Sign in to luno, click on Fund Account, select bank transfer, select the bank you want to transfer the money from, choose “All other Banks” if your bank is not listed.
Enter the Naira equivalent of the Bitcoin you want to buy and click next. The minimum amount you can fund is 30,000 Naira.
Send the exact money to the Luno bank account which is displayed on the screen from your own bank account (Bank transfer only, no cash deposits) and click on “I have sent the payment”.
Note: In the transaction description or remarks, enter the reference code generated.
Your payment would reflect on your Luno account immediately it has been confirmed.
Now that you have funded you Luno account with Naira, you can convert the Naira to its Bitcoin equivalent.
Now that you have bought your first bitcoin is in your Luno wallet, you can transfer it to any bitcoin wallet account you use.