Last updated on September 28th, 2019
Would you like to buy bitcoin with a credit card in Nigeria but don’t know how? Well, today might as well be your lucky day.
I can recall losing some of my money while I’m trying to buy bitcoin easily from the comfort of my room. The goal was to have a hassle-free transaction, but instead, I end up losing some of my money.
I lose some of my money because I wasn’t informed. I don’t know the right way to go about it. The good thing is, you don’t have to make the same mistake as I did.
I this article you’re going to learn how to easily buy Bitcoin with your credit where ever you are in Nigeria as easy as possible.
Buying Bitcoin from several merchants in Nigeria can be risky because you stand the chance of falling a victim. In other to avoid this I recommend buying your Bitcoin with a credit card using Luno wallet.
Buying Bitcoin with Credit card in Nigeria with Luno
A simple breakdown of how to buy bitcoin with credit 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.
Additionally, another good thing about Luno is that, as you can easily buy bitcoin with instant funding. You can also 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 a free account with Luno. After registration, a confirmation link will be sent to your email, click the link to confirm your 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 to deposit your money into your Luno wallet.
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 button its going to direct you to a success page and your account will be credit immediately.
What you need to do now is exchange the deposited money for bitcoin.
Now refresh your wallet and go back to the homepage.
At the home page, you should see something like the above image, hit the bitcoin logo to proceed to the next page.
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 your bitcoin. Upon every transaction, a notification will b sent to your email to keep you Updated.
Other exchange to Trade Bitcoin in Nigeria
This other exchange allows you to exchange bitcoin with other altcoins using your credit card. They include:
Binance is one of the best cryptocurrency trading and exchange platform out there. They are known for their fast transaction processing and easy to use Platform to exchange your cryptocurrency.
Binance is my one stop exchange site, virtually all my cryptos are exchanged on Binance. Using Luno and Binance together couldn’t be easier. I simply buy my bitcoin on Luno transfer it to my binance account, then from there, I change it to other cryptocurrencies I want to buy. when I make profits I exchange it back to bitcoin and I cash it out.
Cryptopia is another huge exchange site you can easily use here in Nigeria. I call it an all in one platform. It as everything you will ever need when it comes to cryptocurrency. From trading platform to exchange and marketplace.
They focus on more user experience rather being a stop by exchange site. Their interface is friendly and easy to use. They virtually have hundreds on different altcoins you can buy at a cheaper price to later make profits in the nearest future.
There you have it, buy your bitcoin with a credit card couldn’t be easier. please don’t forget to share with your friends if you find this helpful.
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