In this article, you will learn how to buy Bitcoin with a credit card or debit card in Nigeria with Infographics.
It true you can buy bitcoin with credit/debit card on Coinbase, Coinmama, Bitpanda, and Bitstamp.
But these platforms are not supported in Nigeria. Some does not accept Naira Master Card while some like Coinbase does not support Nigeria at all.
Although many Nigerians still find their ways around that. But it’s very risky and as such, you could lose all your money if care is not taken.
I’m going to put us through how you can easily buy your bitcoin with debit or credit card in Nigeria using Luno wallet.
Buying Bitcoin with Credit card in Nigeria with Luno
As promised your easy steps on how to buy bitcoin with credit/debit card in Nigeria using Luno wallet:
- Sign up for an account
- Confirm your account registration
- Verify your Account with SMS code
- Deposit your funds using credit/debit card
- Finally, buy Bitcoin with naira in your wallet
Before we get started, let me give you a quick overview of Luno and how it works in Nigeria.
Luno, formerly BitX is a Bitcoin exchange company headquartered in London with operations in Nigeria, South Africa, and 38 other countries. Luno accepts Master or Visa Card from any bank and accepts Nigeria local currency. This way you won’t be charged for Dollar to Naira conversion before you buy your bitcoin.
Another good thing about Luno is that, as you can easily buy bitcoin on Luno with instant funding. You can also fund or cash your Bitcoin as Naira into your local bank account.
For now, Luno is still the cheapest bitcoin exchange in Nigeria and they charge 1.5% of your transaction.
How to buy Bitcoin with credit card in Nigeria with Picture description
The first thing you need to do now is to Visit Luno and set up an account…
Click on the get started button to register an account with Luno. After registration, a confirmation link will be sent to your email, click the link to confirm you account. Upon login you will need to verify your account through sms code.
Click the more button and proceed to deposit money.
After that, you will be directed to the above page. Click the PayU icon.
Input the amount you want to pay and click next.
Proceed by clicking… Continue to PayU.
Input all the necessary card details and click continue. Your bank OTP will be sent to you to verify you are the one doing the transaction.
Finally, input the OTP from your bank and click next before the OTP expires. After clicking the Next its going to direct you to a success page and your account will be credit instantly.
Now refresh your wallet and go back to the home page. At the home page click the Bitcoin Icon.
Choose what you want to buy. In this case Bitcoin, the same thing goes for Ethereum too if that’s what you want to buy.
Here you need to input the Bitcoin equivalent in Naira and click the next button.
Finally! Just click the confirm button and wait for you bitcoin. Upon every transaction, a notification will b sent to your email. its as easy as thatBuy Bitcoin
Other exchange to buy Bitcoin with Credit Card in Nigeria
This other exchange allows you to exchange bitcoin with other altcoins using your credit card.
Changelly is a super-fast international exchange for Bitcoin and other cryptocurrencies. They allow you to pay for any type of cryptos using your credit card. Although their service is super cool and fast. But their charges are slightly higher! Changelly allows you to easily exchange bitcoin with any other altcoin you want. This can be done without any personal details. It’s a fast crypto exchange I will recommend. Their charges are 0.5% per transaction.
- Accepts payment by credit card with any other cryptocurrency
- Limit is high, allowing you to do exchange of any size
- Exchange is within 5 – 30 minutes
- Rate is slightly higher when buying with credit cardExchange Bitcoin
Indacoin is also a fast way to buy bitcoin even without the long process of creating a new account. Just think of it as a gas station where you stop by to fill your tank and zoom off. Although you have to verify your credit card through your bank OTP just to be sure the card belongs to you.
- Available in 200+ countries
- Credit card payment
- No charges buying with cryptocurrency
- No purchase limit after first few transaction
- Convenience, buy bitcoin without creation account
- Customer service
- US dollar only
- No bank transfer
- High Credit card purchasing fee
- High withdrawal feesExchange Bitcoin
That all there is about it. Feel free to share your thought in the comment box and i will reply to it as soon as possible.
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