The best exchanges to buy bitcoin in Nigeria. To answer the question above, asides it allowing you to transact with a wide variety of vendors from around the world, its benefits are low compared to the charges. Buying Bitcoin with PayPal presently is quite tough owing to the limited number of exchanges that allow you to do that. But what about buying Bitcoin with PayPal? Through this method, money is sent to any part of the world and to any person provided he/she has a Paypal account. This can be done on Bitkonga Exchange site. You can buy Bitcoin in Nigeria here https://blockvila.com/buy-ecurrency. Buy Bitcoin instantly in Nigeria. It has come to become a global leader in online payment solutions with more than 265 million accounts and is available in more than 200 countries. When you Buy Bitcoin with Paypal in Nigeria , the exchange platform usually charge higher exchange rate because of the high risk of using paypal and because of high paypal fees. Is it even possible to do that? We pride ourselves as one of the most trusted exchangers in Nigeria since 2008 But there is this option of ‘Family and Friends’ on Paypal that most people use to eliminate chargebacks. PAYPAL All payment methods. To quickly get Bitcoin in Nigeria, follow the steps below: Download a software wallet; Go to Luno and create an account; Choose how many Bitcoin you wish to buy; Enter your billing information and Bitcoin address; If Luno doesn’t work out for you here are some additional buying options for Bitcoin in Nigeria. To buy bitcoin with paypal in Nigeria will need to have a verified paypal account with the amount you wish to exchange in your paypal balance. Users can choose to make purchases using PayPal, MoneyGram, Amazon/iTunes gift cards and many more payment methods. But even with these reasons, people still buy Bitcoin with PayPal. Most merchants insist on this option because: The ‘Family and Friends’ option is not enabled in all accounts especially users with business accounts and those that have used the option severally. Start trading. BitPesa also has a presence in 2 other African countries. Click on ‘Buy Bitcoin’ and select the following parameters: You can either click on ‘Search’ to search for offers or ‘Give me the Best’ for Paxful to present you with the best offer available. Enter your email address to subscribe to this blog and receive notifications of new posts by email. On the trade screen, you will find out the Offer Terms of the seller like: Once you agree to the terms and conditions of the seller, an online chat with the seller is initiated for you to finalize. Wirex As I said earlier, PayPal is an online payment method; a safer and easier way to pay and to get paid online. You have to carefully choose a Seller from the list of offers available. Despite the reasons stated above, there are still ways to buy Bitcoin with PayPal. If you want to buy bitcoin with PayPal as a payment method you have to find a reputable exchange that will allow you to make a deposit using PayPal as a funding method. Or do you know of any exchange that should make this list? Now, in picking a Seller, click on any of the offers to check out a Seller. I got you covered in this explicitly complete list. The benefit of using this method to buy bitcoins is because it is fast and convinient, however it is not the cheapest method to Buy bitcoin in Nigeria. The company is located in San Jose, California. It supports up to 300 different methods of payment which include PayPal, Bank Transfer, Cash Deposit, Gift Cards, e.t.c. Paxful is a peer-to-peer exchange is based in the United States and was founded in 2015. Crypto2mobile.com delivers mobile top-ups for crypto in greater Africa, Ethereum Turns 5 But ETH Price Vs. Bitcoin Never Recovered Since 2018. Which exchange did you use and what were the charges like? 12 best exchanges to buy bitcoin in Nigeria. Buy Bitcoin with PayPal: Is It Beneficial? I personally checked out these exchanges and have listed them including the type of services they provide. As of March 29th, 2020, there is a total of 1 Bitcoin ATM in Nigeria to buy bitcoin in person. Paxful is the leading global peer-to-peer Bitcoin marketplace—and it’s now available in Nigeria! You can read our LocalBitcoins Review here. This means that PayPal will allow users to buy and sell cryptocurrencies, including Bitcoin. Bitcoins will be bought using official exchange rate which is not available in the market majorly due to Nigerian government restrictions on foreign exchange. Bitkonga Exchange process paypal to bitcoin exchange for Nigerian’s almost instantly after receiving paypal payment, however you will need o be a verified users. How To Trade Bitcoin On Binance Buy/Sell In Nigeria 2021 Using Peer-to-peer (P2P). Buy bitcoins online in Nigeria. How Can I Buy Bitcoin With PayPal? But despite its services being used for online purchases, it becomes a herculean task to purchase Bitcoin with PayPal. For Nigerian users, they can buy Bitcoin in Nigeria using your preferred payment method. It supports up to 300 different methods of payment which include Content writer at Nigeria Bitcoin Community. Cryptocurrency investment activities, including actions done to buy Bitcoin online via Binance, are subject to market risk. The increase was triggered by news that the global payments giant, PayPal, is launching support and integration for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Find great deals for Bitcoin on Paxful from thousands of available offers—all with zero extra fees and over 300 different payment methods, allowing for cost-efficient trades on the platform. Quidax. Easily Fund, Buy, Sell, Exchange and Bid Perfect Money, BCH, Webmoney, Skrill, PayPal, Bitcoin SolidTrustPay, Ethereum, BCH, STO Forex and Virtual VISA Card. I created a short video as an example on how you can do this, I withdrew a PayPal of $400 to my Nigeria bank account and PayPal charges a transfer fee of $5. Start trading. Bitcoin BTC Bank Transfer NGN Perfect Money USD PayPal USD Ethereum ETH Amazon Gift Card USD Steam Wallet Card USD Debit Card(Visa, Master) USD Amazon Gift Card GBP GBP. 1: How can I buy bitcoin in Nigeria. The service is created for buying, selling, exchanging and storing coins without any restrictions and limits. | Why You Should Start Using This Investment Strategy, CoinMarketCap Earn: An Ideal Way To Earn While You Learn, the method of payment(PayPal in this case). Worry not your pretty head! The company has been known to close down accounts of users who have been found to be trading Bitcoin. Send an advertisement to start a global business. When you are using LocalBitcoins, you will be working with an actual person. Many Nigerians use Bitcoin (BTC) to pay and invest instead of Naira due to its high volatility. Sign up for free Browse Offers: Bank Transfers, Online Wallets, Remittance, Other Payments. In addition to the well-used 100 cryptocurrencies, including the most popular ones, like Bitcoin, Ethereum, XRP and others, CoinBox also supports any ERC20 tokens. CoinBox is one of the most reliable and secure services in the crypto world, having the widest choice of crypto coins. Established in 2015, the peer-to-peer marketplace allows buyers and sellers to interact by posting trade offers. A look at Nigeria’s current economic position Among the 54 countries in the world’s second-largest and most populous continent, Nigeria’s economy is the largest in Africa. Another reason why it is difficult to buy Bitcoin with PayPal is that being an e-currency, PayPal does not support the purchase of another e-currency. E-Currency exchangers or changers specializes in the provision of fast, efficient and reliable e-currency exchange services to customers or clients in Nigeria and all over the world. Convert your Naira (NGN) to BTC quickly and easily! LocalBitcoins is a Peer-to-Peer cryptocurrency exchange that was founded by 2 brothers, Jeremias and Nikolaus Kangas in 2012. Even if you still don’t have the verified PayPal account you can have it set up using the same method I’ve shared in my report (ebook). The choice is yours: You can go ahead and watch the video or scroll down to read the text. When you Buy Bitcoin with Paypal in Nigeria , the exchange platform usually charge higher exchange rate because of the high risk of using paypal and because of high paypal fees. Read more: Paxful Review(2019 Update)| The Complete Review and Comparison. This post will be discussed under the following subheadings: Find out the details when you click on any of the subheadings. Paypal is an online payment method that is set up to send and receive payment online without any stress. Will be listing the other way below; so scroll down. Supporting 25 currencies from around the world, PayPal promotes e-commerce by making payments across different locations and languages possible. The seller’s Bitcoins will be held in escrow until you send a proof of payment. Ediaro, a Nigerian company that sells bulk SMS and many different types of website development and advertising services, accepts bitcoin as payment. As you can see, PayPal, like the wide range of payment methods that the crypto P2P market offers today, has its advantages and disadvantages. It bounced off level $51,207 and shot up to… Read more…. Paxful Review(2019 Update)| The Complete Review and Comparison, 10 Best Exchanges to Buy Bitcoin in Nigeria(2019), Trezor One Wallet Review – 7 Things You Need To Know (2021), Remitano Review (2021 Update) – The Complete Review & Comparison, Tenset(10SET) Project – Find Out How To Earn Passively With This Deflationary Token, What is Dollar – Cost Averaging(DCA)? At Monex.ng, We buy and sell Bitcoin, Paypal, Neteller, PerfectMoney and Deriv in Minutes. Looking for exchanges where you can buy Bitcoin and other cryptocurrencies in Nigeria?. At Edozexchange.com we buy and sell PayPal, Neteller, Payoneer, Cashapp, Skrill, Bitcoin, Ethereum, Litecoin, Ripple, Tron, Bitcoin cash, Binance coin, and up to 1000 plus other cryptocurrencies at the best rate in Nigeria, Ghana, Uganda, and South Africa PAYPAL 340/$ BITCOIN 470/$ SKRILL 425/$ Learn how your comment data is processed. Paxful is a peer-to-peer exchange is based in the United States and was founded in 2015.. by clicking on the social media buttons below. Paxful also offers selling with Giftcards. I recommend that you use other methods to obtain Bitcoins. PayPal needs no introduction as the world’s most popular payment system with statistics proving beyond reason that the payment system is used in many countries of the world. The letter “B” means buy Bitcoin and “S” means sell Bitcoin. In Uganda, you can buy with MTN or Airtel. Bitcoin is the most valuable and popular cryptocurrency, it was created by software developer satoshi nakamoto in 2008, but it wasn’t until 2013 that bitcoin really started catching public attention.. 2 Actionable Ways to Buy Bitcoin with PayPal at the Best Rate (2021 Update). Bitcoin Price Weekly Update: 12th April – 18th April 2021, Happy days as we start the new week with a bullish mark on the bitcoin… Read more…, Bitcoin Price Weekly Update: 5th April – 11th April 2021, Bitcoin is ready for the plunge guys. Then verify your account and fund your wallet. Most trusted, secured and fast ecurency platform to buy, sell and exchange bitcoin, perfectmoney, paypal in Nigeria & Globally Buy and sell at 0 fee, global business, all in CoinCola! Buy Bitcoin in Nigeria. You may also be required to provide your photo ID before you can do paypal to bitcoin exchange, Be the first to receive important crypto new update. PayPal Funds in Nigeria-How Sell and Buy Paypal Funds In Nigeria. In using the ‘Family and Friends’ option, PayPal takes it that you are sending the money to a close relative(someone you trust) and thus, no issue is meant to arise. We are Top, reliable, swift and trustworthy. By continuing to use this website, you consent to the use of cookies in accordance with our Privacy and Cookie Policy. Assuming Obi wants to buy o.5 Bitcoin from me and pay me with his PayPal account. Pros. Convenient way to buy bitcoins in … Let me know what you think via the message you will leave me in the comment section. Read also: 10 Best Exchanges to Buy Bitcoin in Nigeria(2019). Paypal is high risk beacuase some fraudulent buyers can do paypal chargeback after receiving bitcoin. Buy or Sell in Nigeria with NGN Bitcoin, Ethereum, US Tether (USDT) and other cryptocurrencies fully secure and private with PayPal, Local Bank wire, Bank wire Save your Details This will be shown to the other trader and is where he/she will send the funds to. How To Buy Bitcoin With PayPal On Etoro Summary If you also want to convert your money back to Nigeria Naira repeat the process vice versa, Sell to with Paypal and then From Paypal convert back to Naira. Then click “Buy” (without changing any other settings) and your transaction will be completed in seconds. This is because most exchanges prohibit its users from using Paypal as a payment option for Bitcoin purchases. The Nigerian-based … This prohibition by most exchanges is because of the Chargeback problem that occurs with such transactions. What are the possible reasons why a lot of people buy Bitcoin in Nigeria? In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. For the steps to buying Bitcoin with Paypal, I have included a video explaining the steps. Receive; ... Buy Bitcoin in Nigeria, Sell Bitcoin in Nigeria, Buy and sell bitcoin in Nigeria, Exchange Bitcoin to naira. This site uses Akismet to reduce spam. Paypal is high risk beacuase some fraudulent buyers can do paypal chargeback after receiving bitcoin. Buy and Sell Bitcoin In Nigeria – BuyAfrica ; Legit and verified PayPal Exchanger in Nigeria: Buy and Sell PayPal, Payoneer, Bitcoin in Naira ; Remitano.Com –How to Open Account, Buy … With the former LocalBitcoins CEO(Nikolaus) moving into the company board, the company has recently announced its new CEO in the person of Sebastian Sonntag. They offer online payment through bank transfer or Naira Debit Card, users can also buy bitcoin with cash. Since PayPal has no way of tracing the Bitcoin I sent, Obi will most likely receive his money back(as most credit card companies tend to support the complaining party). Conclusions. Click on the “B” in the Bitcoin line to start buying. Some of the things to look out for in a Seller include: NB: Even after reviewing a seller’s details, be sure to know when to call it quits especially when you start becoming uncomfortable with the trade. They buy and sell all major digital currencies or e-currencies such as PayPal, Bitcoin, Perfect money, Neteller, Okpay, Payeer, and many others. E-Currency Buy Sell; Bitcoin: N499: N478: Perfect Money: N490: N465: Ethereum: N000: N460: WebMoney: N500: N400: PayPal: N550: N000: Skrill : N570: N000 Ever since cryptoban in Nigeria that CNB financial institution Nigeria set A-side a rule that any full service bank that acknowledged there any of their customer’s exchange in cryptocurrency trading using their checking account then they ought to lift the ban on such accounts with permanent closure. And do share this piece(someone needs it direly!) Blockvila is the best bitcoin exchange platform in Nigeria. Purchase method for Kenya is coming soon. We are Perfect Money Certified Exchange Partner. With Quidax, you can buy, sell, and store Bitcoin in less than 5 minutes. And the exchanges that do charge high percentages in fees and of course, you have the scam sites to deal with also. You can now buy bitcoins in Nigeria using your PayPal account. Send in Money to your Paypal using your Card and then head over to Paxful, click the Buy Cryptocurrency and Choose the Paypal Option. Tell me: have you bought Bitcoin with PayPal before? And having read through, I know you have things to say. This is the moment we've all been waiting… Read more…, Bitcoin Price Weekly Update: 29th March – 4th April 2021, Bitcoin got another jump last week. The only supported cryptocurrency is Bitcoin. The only cryptocurrency supported by the company is Bitcoin but it supports more than 80 fiat currencies. Though difficult, it is not totally impossible. how to buy bitcoin with debit card in nigeria Nigeria has become one of the countries where you can now easily purchase bitcoin without any sort of stress or hassle. This service allows you to pay people in any way they prefer(Credit Cards, Bank Accounts, PayPal Smart Connect) without sharing your financial information. When you have chosen a seller, you will be taken to the trade screen. Paxful works as a peer-to-peer Bitcoin trading platform. After a day or 2, Obi can complain to PayPal that he paid me but I did not send him the Bitcoin. To buy bitcoin in Nigeria, you will need to buy bitcoin from an exchange. Bitcoin ATMs In Nigeria. Home » Reviews » Exchange » 2 Actionable Ways to Buy Bitcoin with PayPal at the Best Rate (2021 Update). Well, search no further for, in this post, I will be sharing the 2 actionable ways to buy Bitcoin with PayPal. This way, Obi gets to keep his money and my Bitcoin! Over this and other considerations to keep in mind when buying BTC in person, we also talked in an entry last year on how to buy bitcoin with cash-in-person using LocalCoinSwap. We then agree on a price(say $500) and he pays me through PayPal while I send the Bitcoin to him. Deminet Exchange sells, buys and exchanges digital/e-currencies (Perfect Money, Web Money, Bitcoin, PayPal, Litecoin, Ethereum, iTunes gift cards and others) at the rate specified on this page.Customers can make purchases or simply exchange e-currencies within minutes. PayPal was founded in December 1998 by Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Yu Pan, and Russel Simmons. Once you indicate that you have made a payment and the seller confirms receiving the money, the BTC will be released into your Bitcoin wallet. This Bitcoin ATM is located in the city of Lagos at the Dazey Lounge and Bar. Click on ‘Create Account‘ on its page and fill in the required detail. Interested in knowing how to buy Bitcoin with PayPal? Then simply enter the amount of Bitcoin you wish to buy. It is available in 248 countries and supports up to 30 payment methods including Paypal. To buy Bitcoin with LocalBitcoin, the same steps as explained above are followed. 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