Bitcoin was invented on Oct. 31st, 2008 and became available for trade January 2009. However, the knowledge of bitcoin picked momentum in Nigeria in early 2016 about the same time as the MMM Ponzi scheme in Nigeria. Bitcoin is unarguably the future of money and every person living in this century needs to know about it. The price of bitcoin was about $500 in early 2016 and now it’s over $4,000 for 1 bitcoin. Bitcoin miners have predicted that it will hit $6,000 before the end of 2017.
With the popularity of Bitcoin in Nigeria in early 2016, lots of digital currency exchanges that use exchanges currencies like Paypal, Neteller, Okpay, etc started providing Bitcoin exchanges services.
I bought my first bitcoin which was 1btc in 2016 at 278,000 Naira. It took about 5 days for the bitcoin exchange I used to credit my bitcoin wallet. Now bitcoin exchanges in Nigeria are much faster, some will credit your bitcoin wallet instantly while some take about 10 – 15 mins to credit your bitcoin wallet with bitcoin.
Here are the 11 top bitcoin exchanges in Nigeria. The first 3 are foreign to Nigeria but provide their service in Nigeria while the rest are indigenous to Nigeria.
