Binance was dominating the crypto industry in Nigeria until the government accused it of aiding money laundering, manipulating the naira rate using the platform and terrorism, this unfortunate event for binance and the overall board members turned out to be a heavenly grace for other crypto exchanges to leverage on,
Before we proceed let me bring to your knowledge that, Nigeria’s predominantly young tech-savvy population is one of the reasons cryptos have found widespread acceptance in the country. According to Statista, 32% of Nigerians are users of cryptocurrencies, the highest in the world.
Estimates show that of the top 10 countries for trading volumes, Nigeria ranked third after the US and Russia in 2020, generating more than US$400 million worth of transactions.
This wide adoption comes on the back of heavy regulations from the nation’s apex bank. However, a number of platforms are aiding the seamless adoption of cryptocurrency and this article highlights five of the most prominent ones in no particular order.
The use and trade of Bitcoin and Cryptocurrencies have continued to surge in Nigeria. Nigeria is becoming one of the big players in the crypto-verse. There are services for which you can make payments in cryptocurrencies here in Nigeria, these include hotel bills or online stores.
With the increasing adoption of Bitcoin, it has become a thing of necessity to take steps in order to keep your bitcoin safe. Many people have lost their assets because they chose the wrong Bitcoin wallet. however, a number of platforms are aiding the seamless adoption of cryptocurrency and this article highlights five of the most prominent ones in no particular order.
Inflowbit
Inflowbit (formerly inflowchange) allows you to securely Buy and Sell Bitcoin and other crypto currencies, go from crypto to cash instantly, enjoy free crypto conversion to USDT and withdraw cash to your local bank account whenever you wish to. Inflowbit has over 1,000,000 customers and 100,000+ downloads on playstore.
Inflowbit allows you to receive crypto through your inflowbit crypto wallet, it supports multiple assets,
Fiat and crypto wallets available, Virtual debit cards available as well. Inflowbit is available on Appstore, Google Play and on web; www.inflowbit.com
OKX
OKX is one of the Top 3 Risen Crypto Exchanges in Nigeria After Binance Collapse and may surpass the top 2 listed above in terms of multiple payment methods when you want to buy crypto.
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