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Any nigerian with a computer and internet connection can make money with bitcoins.
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While the central bank of nigeria has banned the nigerian banks from making bitcoin and other cryptocurrency transactions in 2017, people are still free to buy, sell, and trade bitcoin and cryptocurrencies. The new exchange was launched in october 2017 and has since seen substantial user uptake in nigeria. Nigerian banks shut them out, so these activists are using bitcoin to battle police brutality. Bitcoin allows users to spend, save, and do essentially all the things typical for a traditional currency, only minus this coercive control. Yellow card allows nigerians to purchase cryptocurrency with vouchers they can buy with cash in stores.
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How to buy bitcoin in nigeria summary.
There also is the ability to mine bitcoins by using browsers like cryptotab. While the central bank of nigeria has banned the nigerian banks from making bitcoin and other cryptocurrency transactions in 2017, people are still free to buy, sell, and trade bitcoin and cryptocurrencies. To sell your bitcoin, first of all, in the wallet section, you should select the bitcoin currency. .bank of nigeria (cbn) has passed a circular to inform all nigerian banks that bank transactions in bitcoin and other virtual currencies have been banned in financial institutions are not allowed to facilitate bitcoin transactions.13 regulators have warned the public that bitcoin does not have legal. Nairaex is a nigerian based exchange. Some of the exchanges listed here are easier to use compared to others. No word yet on when nigerians will be able to openly trade. The nigerian business climate is a dynamic one. Also, the famous nigerian 'princes' might play a role. In nigeria, bitpesa allows you to buy bitcoins with your debit card or paga account. Bitcoin adoption in nigeria continues to grow amid changing forex policies by the central bank. Bitcoin gains its popularity in nigeria since 2015. However, it is important to remember that bitcoin prices can be volatile.
