Bitcoin buying

[O.G boy]

What are the ways to buy first Bitcoin in Nigeria

[Nwada001]

What are the ways to buy first Bitcoin in Nigeria

9ja local board: https://bitcointalk.org/index.php?board=275.0
You can get your best answer in our local board..

Here we don’t have Bitcoin or crypto ATMs that can help you use cash to buy stablecoin and then use a DEX to convert it to Bitcoin. What we use most here that I’m aware of is P2P exchanges (KYC verification required) where you run a bank transfer to the next person and get the Bitcoin in return, which you can then move to a wallet you are in full control of.

I could have suggested F2F, but it comes with its own risk, even with the P2P, I will suggest you ask someone who knows the way around to guide you if you are pure novices to the system.

[Hypnotizer]

You can purchase it online with various P2P platforms and Exchanges we have all around as Nwada001 has said above, or rather you can check out some exchange threads on this forum managed by trusted by Nigerians like that of CryptoneurBrainBoss but I’m not sure he still runs that exchange..

Link to the CryptoneurBrainboss Exchange thread: https://bitcointalk.org/index.php?topic=5200468.msg62524549#msg62524549

I remember seeing another member of this local board running an Exchange on this forum tho but I can’t remember who exactly that is…

[coinlary]

First serious attempt should only be made when you already know what you're doing, i.e. learn and practice everything necessary to truly become a holder without messing it up.

During your learning process, you'll realize how to buy and the various methods you can use. It will be left to you to determine which path to take, but rest assured that buying is the easiest part.

You can easily do it through all the options that have been mentioned, among others. There's no need to add extra. The hardest part is holding it correctly without losing it.

[Wiwo]

What are the ways to buy first Bitcoin in Nigeria

From your question this shows that you don't even know how to buy and securely hold your bitcoin as someone residing I'm Nigeria.

First get a noncustodial wallet where you have your private keys saved and stored safely.

Then get your exchange account set up, place a buy order for bitcoin or convert your USDT into bitcoin then transfer it into your wallet for full control

[Chibit01]

This our local board person fit use am run open trade, you just come create thread the drop your offer who wan trade with you una fit negotiate instead for you to go enter bybit or any of this exchanges P2P wahala.

Link to the CryptoneurBrainboss Exchange thread: https://bitcointalk.org/index.php?topic=5200468.msg62524549#msg62524549

This thread way you mention, if you check last time eh active nah about a year ago even the order abi question way dem ask the op for there eh no respond to am eh fit be say eh don abandon the service for now.

[Gozie51]

What I will suggest to you is you have to get someone on the board here who will be able to guide you on it while selling or buying from you until you can do it yourself.

However, you need to create a wallet that will serve as landing place of your btc and take off. You also create an exchange account where you can study and learn about P2P. Such service is available with bitget exchange. But you have to be careful not to be scammed and that was why I suggested that you have someone to guide you but if you can do it by yourself then that is alright. Hence, you should know that if you are selling, you don't send coin first. You have to confirm cash before you release coin.

[Nightwalker(NW)]

What are the ways to buy first Bitcoin in Nigeria

Very simple, get your NIN or BVN ready and after that you can download bybit exchange, create account over there and get verified.
Afternoon which you can also download and electrum wallet, save your seedphrase and get ready.
Go to p2p, enter buy and select the amount you wishes to buy on the exchange, send money equivalent to Bitcoin or USDT you want to buy, send the funds to seller and he would release the fund for you, after which process to buy Bitcoin and withdraw them to electrum wallet to store your assets.

[Tetu100]

What are the ways to buy first Bitcoin in Nigeria

The way you just sounded, I'm not even seeing any seriousness in you. But If really you are damm serious about it then I believe you may have gotten enough ways from various  users on how to buy. Perhaps you can go through them and pick the one that you are more comfortable with then you are cool. Or maybe you can  use your Google search engine and you will see everything you pretty need to know on how to buy Bitcoin.

[DPHOR]

Buying Bitcoin no dey hard like that again depends on how old you dey because sometimes if you do not have means of verification you can not access some of the exchange because you must definitely pass verification before buying Bitcoin. The alternative way to buy Bitcoin is through p2p on the forum if you do not have any requirements and something that will make to have full access to exchange, when you buy from p2p on the forum such person Will send directly to your address that you may give to them to send you Bitcoin.

[ruykeri]

You can easily buy Bitcoin through P2P  by exchange. But before that, you must learn the security issues very well. And many of these related things are already discussed on our local board. If you want, you can ask about any topic, experienced people here will explain it to you very easily. And since you want to know about buying Bitcoin, I will give you some tips here, which is to save the seed phrase very carefully. And if your intention is to invest in Bitcoin, then definitely save Bitcoin in the wallet and never hold any Bitcoin in your exchange. Because many times the exchange's wallet can freeze where you cannot access the Bitcoin in your exchange. So with enough knowledge about this, then proceed to buy Bitcoin.

[Mate2237]

First serious attempt should only be made when you already know what you're doing, i.e. learn and practice everything necessary to truly become a holder without messing it up.

During your learning process, you'll realize how to buy and the various methods you can use. It will be left to you to determine which path to take, but rest assured that buying is the easiest part.

You can easily do it through all the options that have been mentioned, among others. There's no need to add extra. The hardest part is holding it correctly without losing it.

I support you, I will not encourage anyone to buy Bitcoin without fist of all having, learnt Bitcoin and how it works especially it's storage and safety measures to consider when you most have bought your first piece of Bitcoin. The IP most know that alot of people has bought Bitcoin just for the fun and excitement and fund of it. And later lost it simply because they were not informed much about Bitcoin and lost their Bitcoin simply due to ignorance.


Take your time and create time so you should learn and study it. Thank God that you are on this platform which is a place dedicated to the learning of Bitcoin,via different topics that are created by members of the group for the purpose of creating awareness and enlightenment of Bitcoin. But in case you want to buy your Bitcoin you should download a reputable crypto exchange and do that.

[L E G E N D A R Y]

Buying Bitcoin no dey hard like that again depends on how old you dey because sometimes if you do not have means of verification you can not access some of the exchange because you must definitely pass verification before buying Bitcoin. The alternative way to buy Bitcoin is through p2p on the forum if you do not have any requirements and something that will make to have full access to exchange, when you buy from p2p on the forum such person Will send directly to your address that you may give to them to send you Bitcoin.

Again, should actually the OP or anyone decides to use the second option you suggested, which is to buy from someone on the forum here, it is always advised to make use of a trusted escrow service. In the local board here, I believe the recommended local board escrow is the local board moderator igebotz,  except of course the deal is going on outside of the local board, then one may decide to source for another trusted escrow service, I believe there are a dozens of them here. This measure is crucial, especially for newbies, so as to avoid being scammed.

[EluguHcman]

What are the ways to buy first Bitcoin in Nigeria

Particularly in Nigeria or any other communities, there is really not specific way to buy a first Bitcoin, you can always buy your Bitcoin at any given source.
You just have to be mindful so that you don't fall into trading with scammers or buying the wrong coin while your intension was to buy Bitcoin.

However, as a beginner, the best you way to buy your Bitcoin even back-to-back is through the P2P either the exchange or better if you have someone you know willing to sell his/her Bitcoin, then you can just send them the money and your Bitcoin is also sent to you but before you buys, you must have acquired some basic knowledge of using the crypto wallet to avoid spoofing transaction.

Don't forget that anyone can think evil of fooling you when they knows you don't have the knowledge with scammers everywhere both offline and online.

[igebotz]

What are the ways to buy first Bitcoin in Nigeria

There are some reputable Nigerian licensed crypto exchanges where you can sign up, deposit Naira and buy Bitcoin without using P2p - this is specifically for newbies with no P2p knowledge.

These are the Nigerian licensed crypto exchangers;

Quidax.io and Busha.io

Make sure you transfer out your Bitcoin after purchased to non-custodial wallets

[ColdLava40]

What are the ways to buy first Bitcoin in Nigeria

Like many said, p2p naira is one of the best ways to buy your first Bitcoin. You have to do it on a trusted exchange like bybit or those which had been mentioned. But you still need yptonbe much careful.

Recent reports from these exchanges states the high rates of scammers. They are very fond of stealing from those who are unaware. Don't go into any negotiations with a p2p merchant nor should you take any trades outside the platforms.

Those little details are what guides you during your trading on exchanges to avoid getting scammed.

[Crytohillss]

You can easily buy Bitcoin through P2P  by exchange. But before that, you must learn the security issues very well. And many of these related things are already discussed on our local board. If you want, you can ask about any topic, experienced people here will explain it to you very easily. And since you want to know about buying Bitcoin, I will give you some tips here, which is to save the seed phrase very carefully. And if your intention is to invest in Bitcoin, then definitely save Bitcoin in the wallet and never hold any Bitcoin in your exchange. Because many times the exchange's wallet can freeze where you cannot access the Bitcoin in your exchange. So with enough knowledge about this, then proceed to buy Bitcoin.

Yes, you made some important points here especially about keeping your Bitcoin in a wallet one control instead of leaving it on an exchange I'd also add that beginners should start with a small amount first that way they can get famy with sending , receiving and backing up their wallets without risking too much . Taking time to understand too much taking time to understand how seed phrases work and double checking every transaction can prevent mistakes that are often irreversible .

[Agbamoni]

Before buying bitcoin check your level of finance first to avoid unnecessary drama later in the investment. But if you are buying for the aim of owning at least some fraction then you can buy with any amount you have, Owning bitcoin is different from investment. Investment is a whole knowledge on its own. Although it takes one step to get things moving.

[ZeroVinsonN]

What are the ways to buy first Bitcoin in Nigeria

9ja local board: https://bitcointalk.org/index.php?board=275.0
You can get your best answer in our local board..

Here we don’t have Bitcoin or crypto ATMs that can help you use cash to buy stablecoin and then use a DEX to convert it to Bitcoin. What we use most here that I’m aware of is P2P exchanges (KYC verification required) where you run a bank transfer to the next person and get the Bitcoin in return, which you can then move to a wallet you are in full control of.

I could have suggested F2F, but it comes with its own risk, even with the P2P, I will suggest you ask someone who knows the way around to guide you if you are pure novices to the system.

There is also conversion, personally I don't see bitcoin P2P anywhere around so I instead buy a stablecoin with P2P and then convert that to bitcoin, it's easier to do making it something alot of people will take a liking to quickly especially for people who haven't been accumulating bitcoin for long (newbies) since it's not a complicated method whatsoever, I will personally recommend it, maybe make the conversion in an exchange and move the bitcoin to a trustworthy wallet afterwards and you have yourself an easy way to buy bitcoin.

[Tonimez]

What are the ways to buy first Bitcoin in Nigeria

9ja local board: https://bitcointalk.org/index.php?board=275.0
You can get your best answer in our local board..

Here we don’t have Bitcoin or crypto ATMs that can help you use cash to buy stablecoin and then use a DEX to convert it to Bitcoin. What we use most here that I’m aware of is P2P exchanges (KYC verification required) where you run a bank transfer to the next person and get the Bitcoin in return, which you can then move to a wallet you are in full control of.

I could have suggested F2F, but it comes with its own risk, even with the P2P, I will suggest you ask someone who knows the way around to guide you if you are pure novices to the system.

There is also conversion, personally I don't see bitcoin P2P anywhere around so I instead buy a stablecoin with P2P and then convert that to bitcoin, it's easier to do making it something alot of people will take a liking to quickly especially for people who haven't been accumulating bitcoin for long (newbies) since it's not a complicated method whatsoever, I will personally recommend it, maybe make the conversion in an exchange and move the bitcoin to a trustworthy wallet afterwards and you have yourself an easy way to buy bitcoin.

You're right about the conversion method after a P2P buying of stable coins. But then, being a newbie and a possible cryptocurrency first timer, directing him to P2P is still not the best option except he is ready to calm down and learn the exchange usage well before attempting to use it in order not to fall into the hands of scammers. I will advise him to either focus on the Quidax.io and Busha.io mentioned by @Igebotz or most preferably, create a thread to that effect and contact CryptopreneurBrainboss via PM to trade with him, I'm sure he may still be running the service even though the thread seems to be dumped since over a year ago.

Being a beginner and wanting to run a trade in the anonymous world of P2P is very difficult because any little mistakes, you will loose your money. It will be advisable to trade with a reputable Forum member in this local board who will receive Naira and send your bitcoin without stress or fear.