How to start investing in Bitcoin in Nigeria

When considering a cryptocurrency investment, many people consider bitcoin as their number one crypto coin in their investment plan. Bitcoin is a digital currency created in January 2009  by Satoshi Nakamoto. Bitcoin has over the last couple of years gained popularity in Nigeria.  In this article, we will look at how to invest in Bitcoin in Nigeria using crypto platforms.


What is Bitcoin?

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution.

What you can do with Bitcoin

There are many things you can do with Bitcoin in Nigeria, for example, you can use it as an investment plan to diversify your assets; buy and sell bitcoin by making gains off the price fluctuation. You can use Bitcoin to pay for goods and services, and also can be used as a means of money transfer across borders easily.

How to invest in Bitcoin in Nigeria

If you want to invest in Bitcoin in Nigeria, it is very easy. you can buy and hold Bitcoin as an investment. No matter where you choose to hold your Bitcoin, people’s philosophies on how to invest it vary: Some buy and hold long-term, some buy and aim to sell after a price rally, and others bet on its price decreasing. Bitcoin’s price over time has experienced big price swings, going as low as $10,145 years back and as high as $42,703.10 today. You can start investing in Bitcoin for as low as 5000 Naira using Bitmama. 


How To Use Bitmama

Bitmama is one of the best crypto exchanges in Nigeria. It is very easy to use for bitcoin trading. Follow these steps to buy Bitcoin in Nigeria using Bitmama:

To invest in bitcoin in Nigeria, you can easily access the Bitmama web app from a browser on any device or download the Bitmama app from the app store or play store. Follow these simple steps to buy bitcoin on Bitmama:

1. Sign up for an account

To sign up, you will be required to provide basic information about yourself to register. This usually takes about 1 to 3 minutes.

invest in bitcoin in Nigeria

2. Fund your account

To buy bitcoin in Nigeria, you will need to fund your account with NGN. We make this easy through bank transfer. From your dashboard, tap Buy and select fund to fund your wallet. Follow the prompts to instantly deposit the amount you want. This will reflect in your account immediately.

Buy Bitcoin on Bitmama
Fund wallet on Bitmama

3. Buy bitcoin

Select Bitcoin on your dashboard once logged into your account and enter the amount you want to buy in NGN. Once you confirm the transaction, your bitcoin will be added to your wallet. You can send it to other Bitmama users or send it to other external wallets. You may also save it securely in your wallet until you need it or learn how to sell bitcoin in Nigeria.

Fund Wallet on Bitmama

Buying, selling, and trading crypto are some of the strategies you can use when investing in Bitcoin. When it comes to long-term holding, you can choose to keep your cryptocurrencies in your Bitmama account.

Recommended – How to become a successful Bitcoin trader


Bitmama Team

Sep 21, 2021

3 mins read

Join Newsletter

Sign up to our newsletter today to be on top of every development in the cryptoverse.

right arrow

Share Article

bitmama social

Copy Link

  • Company
  • About
  • Career
  • Privacy Policy
  • Terms of Service

Did you know you can do more with crypto while on the go?

Get Bitmama mobile app and find out


Fastest, Easiest and Cheapest way to buy cryptocurrencies.

Bitmama Google Play Store
Bitmama App Store
Bitmama facebook handle
Bitmama instagram handle
Bitmama twitter handle
Bitmama linkedin handle

Bitmama offers its products and services in partnership with licensed transmitters in their respective jurisdictions.

All trademarks and brand names belong to their respective owners. Use of these trademarks and brand names do not represent endorsement by or association with Bitmama.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account. What this means for you: When you open an Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license and/or International Passport.