Axi offers some of the greatest trading conditions to Nigerian traders, including minimal opening spreads on all account types. 👉 It will instruct you on trading in the actual world while guaranteeing that your selections do not negatively affect your funds. Nonetheless, you will get knowledge about how cryptocurrency trading is conducted. 👉 Not all Bitcoin brokers can be trusted since many of them have turned into frauds. Even if they are, they lack adequate security measures or are deficient in certain key areas, which may cause a lot of issues for Bitcoin traders. 👉 Crypto.com might be a particularly excellent alternative for individuals prepared to go all-in on the platform, given its multiple benefits and features.
👉 In addition, you will need to interpret technical diagrams and understand how various order types operate when Nigerians use them. 👉 If the market value of Bitcoin drops, any profits you make from your short position might be used to offset any losses partially or completely you incur on your own coins. 👉 Nigerians can easily reduce their Bitcoin risk by hedging by opening a position opposite their current one. But, of course, you would do this if you thought the market was about to turn against you. 👉 That was deliberate and fundamental to its decentralized nature.
The First Bitcoin Transaction: A Pivotal Moment in Cryptocurrency History
Its acquisition by Binance in 2019 significantly expanded its capabilities and reach. Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above. Bitcoin’s price is currently at $20,232 as of November 8, 2022, which is partly because of the economic downturn. However, many crypto investors continue to hope for a higher bitcoin price.
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- Although it is accessible to everyone, those who acquire and hold the platform’s native cryptocurrency, CRO, have the most profit potential.
- 👉 To begin trading in Bitcoin, you would purchase if you believed that the price of Bitcoin would increase and sell if you believed that the price of Bitcoin would decrease.
- 👉 As such, it is the biggest spot and derivatives exchange in the world (also in terms of trading volume).
- For one, it is a means for the underbanked in a country to be empowered financially.
- 👉 All cryptocurrency exchanges accept market and limit orders, with some accepting stop-loss orders.
Bybit is one of the most trusted cryptocurrency platforms in the world. It allows Nigerians to sell Bitcoin through its peer-to-peer (P2P) marketplace. Bybit offers a variety of payment options, including bank transfers and mobile money, making it a solid choice for selling Bitcoin. NairaEx is a Nigerian-based platform that allows users to buy and sell Bitcoin easily. It supports multiple payment methods and features a live market price tracker.
Sell crypto instantly
Only trade with verified platforms like Ridima, Bybit, Paxful, Koyn, or Busha. ○ Log into the app, and go to the “Crypto-to-Cash” page, select Bitcoin, copy your wallet address and send the amount of Bitcoin you want to sell to this wallet. If that’s not impressive enough, data obtained from usefultulips, a BTC analytic data provider, indicates that the use of Bitcoin for peer-to-peer lending in Nigeria is on the rise. After doing that, you will be directed to a page where you copy the address of the coin you are selling. Currently, you are trying to sell Bitcoin, click on that and you will see “Copy Bitcoin Address” on the page and you are expected to copy the address and deposit the USDT you want to sell. To sell on Jackocoins use the “Sell” icon on your dashboard where you sell directly to the exchange or go directly to your “Wallet”.
My work focuses on informative news, industry trends and research explaining the crypto industry to a wide range of readers. According to Crunchbase, the exchange operates in Europe, the Middle East, and Africa and has about 100 team members. Purchasing Crypto in Nigeria can be an uphill task for beginners who are not conversant with how cryptocurrency works and do not own any stablecoin. The best app for Nigerian Bitcoin traders is BDSwiss, Exness, HF App, FBS Trader, FXTM Trader, Binance App, and others.
As cryptocurrencies become increasingly sought-after for alternative investments in Nigeria, it’s crucial to navigate this space with caution and only invest what you’re prepared to lose. Busha is a very Sell bitcoin in Nigeria prominent African-focused platform allowing buying, selling, trading, and spending of Bitcoin with unique UI for great Experience while trading. This is simply because the crypto market is highly volatile, which is why it is better to buy bitcoin as a long-term investment. Once you sign up on Yellow Card, you can access a secure crypto wallet to keep your funds safe.
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