How to buy/sell cryptocurrencies in Nigeria with Naira using an Instant Exchange

Many people have heard about cryptocurrencies like Bitcoin (BTC), Ripple’s XRP, Etherum (ETH), Litecoin (LTC) and others but not many know what cryptocurrencies are, and fewer people know where to buy cryptocurrencies. Here I will explain how to buy/sell cryptocurrency in Nigeria using a naira debit card or via bank transfer.

If you are new to cryptocurrencies I advise that you use what is called an instant exchange to buy, because it is fast and within seconds you would have received value for the cryptocurrency you want to buy. Cryptocurrency exchanges like Quidax, offers this feature.

The instant exchange feature can also be used by professionals who need to buy cryptocurrencies quickly and are willing to use the prevailing market price.

The first step to buy/sell cryptocurrency in Nigeria is to sign up on an exchange like Quidax then verify your email and identity. After which you need to fund naira wallet using your Debit Card or Bank Transfer.

After that, you can follow the steps below:

Steps to SELL cryptocurrencies in Nigeria using an instant exchange:

  1. Got to Quidax.com
  2. Click on Instant Buy/Sell in the menu
  3. When the page loads Click on “Sell”.
  4. Select the cryptocurrency you want to sell.
  5. Then, select the currency you want to sell for.
  6. In the amount to sell, enter the amount for the currency you are selling. Example: If you want to sell 5 LTC, type 5 in that field. (Please, take note of the selected currency).
  7. You can alternatively switch to “amount to receive” using the double arrows to the right of that field. In this case, type in the amount of the asset you want to receive. Example: If you want to receive N120,000, type 120,000 in that field. (Please, take note of the selected currency).
  8. Confirm all the details.
  9. Click “Sell”.

Steps to BUY cryptocurrencies in Nigeria using an instant exchange:

  1. Got to Quidax.com
  2. Click on Instant Buy/Sell in the menu
  3. When the page loads Click on “Buy”.
  4. Then, select the currency you want to buy with.
  5. In the amount to spend, enter the amount for the currency you are buying with. Example: If you want to buy N50,000 worth of BTC, type 50,000 in that field.  (Please, take note of the selected currency).
  6. You can alternatively switch to “amount to buy” using the double arrows to the right of that field. In this case, type in the amount of the asset you want to buy. Example: If you want to buy 0.5 BTC, type 0.5 in that field. (Please, take note of the selected currency).
  7. Confirm all the details.
  8. Click “Buy”

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