Why Nigerians they Use Bitcoin.

[Achalugo BTC]

Omo 20 years too long even like 5 to 10 years you go profitable in Bitcoin. Most of our people that know about bitcoin even they are not in the forum they always investing in bitcoin because they already know the benefits of it and that is why he will be very difficult for them to invest in another thing without investing in bitcoin first. If you using bitcoin you will have control over your coin and know one will try to tax or rub you. But bank will always charge you for maintenance every month when you have budget money for another things but at last bank will surly touch it and spoil your plan then by just saving money in the bank is more advisable to invest it with bitcoin so that when the price is increasing you will be profitable and add more funds to your capital and interest. But when you keep it in bank I don't think you will get any benefit accept you invest with them and be getting small commission.

No be like, if person dey very consistent and determine, person go start to dey benefit before they know it. Na E make E dey good for person to invest in Bitcoin than to invest in bank when you no go even benefit from am self.

So, E dey advisable to go for wetin you know say you dey benefit from am than to do wetin nothing go come out, which go make you regret your decision in days to come but I don't think investing in Bitcoin gives much regrets as investing in banks.

[abaeze]

Bitcoin is a strong asset in the long term. No other crypto has consistently proven its worth over the past 10-15 years. For example: In 2013, the price of Bitcoin was around $100, in 2017 it was $20,000, in 2021 it was $69,000 and in 2025 it reached its highest ATH, although the price is now slightly lower but still in a strong position. Seeing this continuous increase in the price of Bitcoin, it is clear that its long-term potential is very high. Also, people have chosen this block chain technology as a hedge to avoid high inflation. Overall it gives us financial freedom.

[Fiasem20]

Many reasons dey wey make Nigerians dey use bitcoin,I fit talk say the major reason na because say na good investment option.Make we commot the investment matter first,Bitcoin con still be hedge against inflation, bitcoin dey serve many better purposes.Now many retired people dey regret why them no know Bitcoin since,all their years dem dey save their hard earned money for Fiat wey no dey profitable for the long run.In terms of financial freedom and decentralization Bitcoin dey,then the Koko na say e dey return profits yanfu yanfu.Naija no dey carry last in terms of adopting to new technologies na why Nigeria dey always dey on the list of countries wey dey promote Bitcoin adoption.

Absolutely, there are many reasons why we Nigerians use Bitcoin, although this electronic currency is strictly regulated in this country, the use and startups of top cryptocurrencies are still increasing. Moreover, we can purchase this store of value currency, i.e. alternative currency, via fiat holdings if we want, so I say with conviction that, many people in Nigeria use this digital gold to protect their wealth from fiat due to inflation. You are right that many retirees now regret not knowing about top Cryptocurrency, for which they deposited their hard-earned money in fiat but are you somehow saying that they are missing out on the opportunity of electronic currency?

Missing out abi dem don already miss out the opportunity,many retirees don dey already approach their late 70s so na now dem suppose start? anyways oyibo man say if there's life there's hope,for this situation dem fit die leave the investment for their generation in form of generational wealth.E go dey wise if all these government workers start to dey invest their hard earned money for Bitcoin wey dey appreciate for the long term unlike fiat wey go lose ehn value con still add inflation too.The same oyibo man wey talk say if there's life there's hope still talk say the earlier the better so e go better make we start right away.

[Donk1]

Bro you are correct because right now many Nigerian folks who are crypto enthusiasts now see Bitcoin as a open source to finance freedom, and as we all know, Bitcoin has an unlimited potential Therefore, it's easy to say with the status of our country Nigeria everyone is looking for an alternative. But still what I don't understand yet is the fact that the government chose to neglect themselves by playing dead eyes to the issues in our country presently, so now Why are they still worried of losing power  Because basically, to me, it seems they want us to suffer with the high inflation of the Naira. that's all .Well anyways as time goes the rate of adoption of bitcoin will keep increasing in Nigeria I have no doubt of it....

[Osiokwudiri]

Nigerians use Bitcoin for several purpose. For international trading. Because of currency devaluation.

[Progress101]

Inflation and Naira depreciation: Naira value just dey fall every day, so Bitcoin na better way to store value.
So if you invest for Bitcoin, like if you won con save your money for Bitcoin for some years when you won collect am e go give you more than the value way you been but am, so na one of the reasons people for Nigeria here dey invest inside Bitcoin.

Inflation and naira wahala don push alot of Nigerians to start thinking beyond just saving money for bank, because every year the value just dey reduce. Bitcoin give people another option to at least try protect their purchasing power, especially if person get patience and long-term mindset to hold. The cross-border angle self na big win, anybody wey don use bank or Western Union before know say the charges and delays fit frustrate person, while Bitcoin just dey move, no stress. Many people sef no even enter Bitcoin because of the profit first, most of dem na because dem wan control their own money without anyhow policy changing overnight. Of course, e still get risk and person need knowledge, but the reasons you list OP, explain well why Bitcoin dey resonate with everyday Nigerians right now.

[Franklyn-wood]

And in addition to what you just gave above, another reason why the majority of Nigerians are using Bitcoin is also for investment purposes. Because ever since Bitcoin came into existence and people saw the potential it has got as a digital currency, many people have chosen Bitcoin as their primary means of asset investment, due to it's high potential to have greater value in long term, far better than investments made in both gold and fiat. And Michael Saylor of Microstrategy is a common example of such individual who buys and uses Bitcoin only as an asset for investment. And not minding the amount, you can even buy 0.001 BTC and hold onto it for 15years. Or probably save it as your child's investment fund.

Na true you talk. The tin wey make me like Bitcoin na because the kain security wey him get e too much. E no dey easy for person  to just steal am from you except you dey careless with your phrase.
E better make I use my money buy Bitcoin pass make I use am buy land or even care because the kain gain wey him go bring after some years I fit still use am buy better house or car still get change to do other things inside the money.
Our government people wey like to chuk eye for people matter no go fit do anything be of the decentralized way wey them take program the matter. Plenty things dey wey make people wey never sabi Bitcoin they miss out plenty things ooo.bit

[VivaMan]

Nigerian uses Bitcoin because it is the fastest and more modified way of carrying out transactions without having fear of scam or fraud.

[Wolf of One Street]

Nobody wey no like self custody, everybody want control their own investment and want am to dey accessible anytime them need am and nobody wey no go like invest where in go see better profit. Even me and you self know sey Bitcoin na better option for investment and sey e Better to go save for bank as e go better ROI than saving in banks. So everything wey you talk no be lie at all.

[Odusko]

Bitcoin is a strong asset in the long term. No other crypto has consistently proven its worth over the past 10-15 years. For example: In 2013, the price of Bitcoin was around $100, in 2017 it was $20,000, in 2021 it was $69,000 and in 2025 it reached its highest ATH, although the price is now slightly lower but still in a strong position. Seeing this continuous increase in the price of Bitcoin, it is clear that its long-term potential is very high. Also, people have chosen this block chain technology as a hedge to avoid high inflation. Overall it gives us financial freedom.

Bitcoin have shown a lot of connections to success as the market keep growing year by year, and for that we most fine Bitcoin very appealing even much more that we presently see it, Bitcoin have not only meet our intercontinental needs by allowing cross border transactions, Bitcoin have also given us the financial freedom we need and the class inequality we have experience in the society previously before the coming of Bitcoin.

[Uhwuchukwu53]

Op your points are the inevitable truth but in addendum to this truth our demostic Bank also play a major role while many today see Bitcoin as best investment, recall with most of the period of cashless policy many investor and contractor get disappointed in the cutdown if withdrawal limit place by the government that leads them not meeting certain contract term because of not accessing the required amount in due time. Secondly most time issue of bank not paying as at when the depositor needs the money to utilize including the major factor of inflation been unpredictable.

[Princess Leah]

 Nice one OP, your topic make sense and ma the fact be that, infact na people for third world countries like Nigeria suppose even take Bitcoin more seriously because Bitcoin na better hope for financial freedom for the future, so citizens of this country suppose take am very seriously to move forward.

 The government done fail, even banking system done fail because of too much unnecessary policy and taxation, them no even they give poor people hope and the inflation them cause done dey even affect some middle class people too but Bitcoin na the hope for everybody wey the rich class politicians one put for financial bandage, but Bitcoin na the hope for financial freedom like I been talk na em make our citizens wey done understand that fact they embrace am.

[Fiasem20]

Bitcoin is a strong asset in the long term. No other crypto has consistently proven its worth over the past 10-15 years. For example: In 2013, the price of Bitcoin was around $100, in 2017 it was $20,000, in 2021 it was $69,000 and in 2025 it reached its highest ATH, although the price is now slightly lower but still in a strong position. Seeing this continuous increase in the price of Bitcoin, it is clear that its long-term potential is very high. Also, people have chosen this block chain technology as a hedge to avoid high inflation. Overall it gives us financial freedom.

Bitcoin have shown a lot of connections to success as the market keep growing year by year, and for that we most fine Bitcoin very appealing even much more that we presently see it, Bitcoin have not only meet our intercontinental needs by allowing cross border transactions, Bitcoin have also given us the financial freedom we need and the class inequality we have experience in the society previously before the coming of Bitcoin.

No be lie,bitcoin dey grow everyday.Bitcoin get value na why Naija dey use am,for example just like salt if salt no get taste again nobody go wan use am again,so in essence bitcoin dey really useful to individuals even outside Nigeria.I just like as our country youths dey take advantage of the market nai why if report come about countries wey dey promote the adoption of bitcoin Naija dey always dey the top 10 list.The store value na one major reason why Naija people choose am to be one the best investment option and also the ease for us to send payment across borders con make am more important.Naija pipo no dey carry last when e come to adapting to new technology.

[Samlucky O]

To be honest all the things way you talk na the reason why many Nigeria dey invest in Bitcoin, Bitcoin na very good investment and na that one you no mention people dey also invest in Bitcoin because na very good investment, if you dey invest inside Bitcoin like dey buy Bitcoin dey hold am for 10 to 20 years consistently your life go change because you go make better gain from that investment, Bitcoin go still dey better for future the price of Bitcoin go continue to dey grow, I no say some people go dey doubt but nothing to doubt there because of if you look how Bitcoin growth history dey you go see am say Bitcoin still get plenty possibilities.
One of the reasons why i enter Bitcoin investment na the money way I fit get from am, watin you talk na truth if you dey save for Bitcoin e dey more better than say you dey save for bank.

Wetting ona two talk na true, but make we no Also forget say Bitcoin no dey do magic, na wetting you put naim be wetting you get. Like you put Small money you get small profit, you put big money you get big profit,  no be say person go just buy Bitcoin worth of $100 dey expect say in nearest future say him go get plenty money. Any body wey dey invest make him make sure say him go invest better money sothat if Bitcoin make Small move, profit go yakpa. For example person wey get $1k and person wey get $10k no be thesame thing, if %10 of $1k go give you $100 profit, that same %10 of $10k go give me $1k profit. So if you carry this for mind you go understand the side I dey talk. And we know say as Bitcoin price dey increase naso the growth dey slow. So if Bitcoin dey get %200 within 2months before, now e fit take am even 1year to reach %30 growth so the amount of money you put naim go help you with the Small move Bitcoin go make.

[Out of mind]

Bitcoin is mainly used in Nigeria because of the weakness of the Naira currency. Moreover, Bitcoin is used for financial freedom to avoid banking risks, and for fast transactions of remittances from abroad. Basically, we know that Bitcoin can be used quickly and easily in transactions, which provides a lot of convenience to users. Moreover, Bitcoin is an independent currency, if you invest here and make transactions with it, its value will increase in the future and you will get profit. But if you keep the Naira, there is a high possibility of loss, so Bitcoin is preferred in most countries because it will give financial freedom.

[CryptoHeadlineNews]

Bitcoin is mainly used in Nigeria because of the weakness of the Naira currency. Moreover, Bitcoin is used for financial freedom to avoid banking risks, and for fast transactions of remittances from abroad.

Yes, that's true, because the fast means of payment from abroad is the major reason why majority of Nigerian youths use Bitcoin today. Because I could remember back then in December last year when I wanted creating a domiciliary/dollar account for my online payment from both Access Bank and United Bank of Africa (UBA), I was asked to deposit $100 for account opening, of which the entire process took over a week before the account was created and my dollar account was sent to me to start using to receive payment from abroad. So imagine if I was a freelancer who needed an account urgently for payment, opening a domiciliary account wouldn't be an option, since it usually take 4 to 5days before the account can be opened, unlike Bitcoin whose wallet can be created just immediately in less than few seconds, and your wallets ready for send and receive online payments. So this huge gap in delay has prioritize many into choosing Bitcoin.

[Judith87403]

These points are making a lot of sense , mostly for Nigeria. Inflation and depreciation of naira has made cash saving risky, therefore people are searching for assets that can hold worth over time, and Bitcoin just fill into that gap for many users. Cross-border transactions is another solid reason as traditional mediums are slow and costly, but Bitcoin is now faster and even more flexible for remote workers and freelancers. Restrictions from Government and FX limits equally force people to alternatives that do not depend on banks. Conclusively, the aspect of control is attractive as users hold their money directly. Above all, Bitcoin is not perfect and it has its own risks, but for a lot of Nigerians, it solve real problems that the present financial system has not fixed

[Yeesha]

Nigerians use Bitcoin for several purpose. For international trading. Because of currency devaluation.

Nigerian is becoming increasingly, difficult to live in, and the harsh economic system is affecting the way people think, especially regarding the constant devaluation of the naira. As a result of that many individuals are turning to alternative means of securing their financial future and one of the most common options is investing in bitcoin. With inflation on the rise and naira losing value frequently, some people are beginning to see digital assets like Bitcoin as a store of value and a potential hedge against the instability of the naira. Unlike traditional banking systems, cryptocurrency usually offers a decentralized and borderless and safe way to save and grow wealth, which is appealing in a country where financial uncertainty is becoming the norm. .