12 Best Bitcoin Exchangers in Nigeria

bitcoin exchanges

Bitcoin exchangers are online companies that allow you to change your digital currency or  cryptocurrency to Dollars, Euros, Naira etc and vice versa.

There are quite a good number of them here in Nigeria. To get a full list of all the bitcoin exchangers in Nigeria, head over to google or other search engines and do a search for “bitcoin exchangers in nigeria

Do your due diligence and research a company before you send your hard earned cash/bitcoin to them as there are alot of sharks online these days.

Even if you need bitcoin to or any other bitcoin business you can easily buy bitcoins from any of these bitcoin exchangers and you can also sell your bitcoin to them and they will pay you in either Dollar, Naira or any currency you have chosen.

Below is  just a list of bitcoin exchnagers in nigeria in no any order.

https://winkpayment.com.ng
https://naira4dollar.com/
https://nairaex.com/
https://etradexchange.net/
https://etradexchange.net/bitcoin/
https://instantgold.ng/
https://localbitcoins.com/country/NG
https://instantexchangers.net/

https://luno.com
https://nigeriagoldexchange.ng/
https://zitcexchange.com/

https://remitano.com/ng?ref=mycryptocash

NB: Please always do your due diligence before purchasing bitcoins. We are only recommending the ones on this list for newbies so they know where to start from.

We are not affiliates for the above-listed platforms, except Remitano and we gain nothing by recommending them.

The Rise and Rise of Bitcoin

rise of bitcoin
Jan 2009 – Jan 2010
Bitcoin had no value
No exchanges or market, users were mainly cryptography fans who were sending bitcoins for low or no value.
Feb 2010 – May 2010
Bitcoin was valued at less than $0.01
On 22 May 2010, user “laszlo” made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC! User “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.
July 2010
Bitcoin was valued at $0.08
In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.
Feb 2011 – April 2011
In just 7 months, Bitcoin value rose to $1 and takes parity with US dollar.
8 July 2011
Bitcoin’s value shot up to $31
top of first “bubble”, followed by the first price drop
Dec 2011
The value of Bitcoin dropped to $2, just a few months after its first “bubble”
Dec 2012
Bitcoin started rising slowly over one year to $13
April 11, 2013
By this time, the value of Bitcoin had risen to $266, growing at a steady rate of 5-10% daily.
May 2013
Bitcoin experiences price stability, even though the value dropped to $130
June 2013
Bitcoin valued at $100.  In June it slowly dropped to $70, but rose in July to $110
Nov 2013
By this time, with the gain in public acceptance, Bitcoin rose from$350 – $1250
From October $150–$200 in November, rising to $400, then $600, eventually reaching $900 on 11/19/2013 and breaking $1000 threshold on 27 November 2013.
Dec 2013
The value fluctuated between $600 – $1000
Bitcoin price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range.
Jan 2014
Steadily gaining value to $750 – $1000
Price spiked to $1000 briefly, then settled in the $800–$900 range for the rest of the month.
Feb 2014
Price stability at the range of $550 – $750
Price fell following the shutdown of Mt. Gox before recovering to the $600–$700 range.
Mar 2014
Bitcoin struggles to maintain its value at $450 – $700
The price continued to fall due to a false report regarding bitcoin ban in China and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges.
Apr 2014
Further price drop to $340 – $530
The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on April 11
May 2014
Bitcoin shows weak signs of recovery at $440 – $630
The downtrend first slow down and then reverse, increasing over 30% in the last days of May.
Mar 2015
Further drop in value to $200 – $300
Price fell through to early 2015.
Early Nov 2015
Bitcoin regains its strength $395 – $504
Large spike in value from $225-$250 at the start of October to the 2015 record high of $504
May – June 2016
$450 – $750
Large spike in value starting from $450 and reaching a maximum of $750.
March 2017
$1200
Bitcoin breaks beyond its ATH (all-time high) and soars towards $1300, set to outdo the current price of gold.
Bitcoin is projected to reach $2000 by the end of 2017. Whether we like it or not, Bitcoin is here to stay with us. You should learn how to acquire bitcoins and position yourself for the greatest financial revolution in history. Bitcoin has become the future of money. Just like the dotcom boom that churned out some new monies, you surely want to ride this wave, don’t you?
Click here to view our crypto opportunities if you are interested in having a piece of the Bitcoin pie (or pizza as the case might be).

What Is Bitcoin?

btc
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
It’s the first example of a growing category of money known as cryptocurrency.
Bitcoin has several important features that set it apart from government-backed currencies
1. It’s decentralized
The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.
2. It’s easy to set up
Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.
3. It’s anonymous
Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…
4. It’s completely transparent
…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.
If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.
There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.
5. Transaction fees are miniscule
Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.
6. It’s fast
You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.
7. It’s non-repudiable
When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever.
So, bitcoin has a lot going for it, in theory. But how does it work, in practice? Stay tuned to find out how bitcoins are mined, what happens when a bitcoin transaction occurs, and how the network keeps track of everything.

Welcome to my CryptoCash Blog

It has become an open secret that cryptocurrency, of which Bitcoin leads the pack, is capturing the interest of many around the world. Just like the internet came into our lives with a bang, so is the crypto wave. Love it, hate it, cryptocurrency is here to stay. There is a whole new economy surrounding cryptocurrencies, especially Bitcoin.

On this blog, we hope to enlighten you in the simplest possible way. If you want something more technical, do head over here and you will find links to resources that would be of help. We will guide you  in making little decisions like which wallet platform to use and bigger decisions like “where can I earn Bitcoins from?”

A gentle warning though: “this blog doesn’t offer any financial advice and the content should not be mistaken for one. We will be making recommendations of which programs you can earn money from, but the decision to join any is purely yours (yes, you reading this post). You are not under any sort of obligation to do anything with the information posted here. Even when earning proofs are displayed, please always know that the results are not typical, so do not get carried away.

But if you are looking for something new and would like to step into the world of cryptos, please be our guest and welcome to our beautiful world!