Currently, Ethereum Has Increase in Price and value over the last days in 2021 than in 2020, according to Yahoo finance news update ; Ether Price Passes $1,150 to Hit Highest Since January 2018.
The rising of Ethereum has made it best Bitcoin Alternative, as at of January 4th 2021, Current Ethereum price in Naira is
N381,382.98 to 1ETH
Now, Let find out How To Buy Ethereum In Nigeria.
How To Buy Ethereum In Nigeria At Cheap Rate
To purchase ETH in Nigeria, you must first access a cryptocurrency exchange that allows clients from Nigeria to register and that offers the ETH cryptocurrency. Depending on the exchange or broker you select, buying ETH in Nigeria should not be that complicated.
But there are now many mobile apps and website to buy bitcoin, Ethereum and other crytocurrency at cheap rate.
Step 1: Open an Account at a Cryptocurrency Exchange
Nigeria offers an advantage for cryptocurrency traders in that several cryptocurrency exchanges have their base there. This makes opening an account at an exchange that much easier for Nigerians. In addition to the exchanges native to Nigeria, many international and semi-international exchanges accept accounts from Nigeria. Below, you will find a list of exchanges that either have their base in Nigeria or accept accounts from Nigerians.
Step 2: Get a Cryptocurrency Wallet
To trade ETH and retain full control over your transactions, you must first withdraw them from the exchange or another source to a personal cryptocurrency wallet. Wallets come in several forms and allow you to notify the crypto network that you want to send and receive transactions. You can install your wallet on a desktop or laptop, as well as on an Android or iOS smartphone or tablet.
You can also use a web-based wallet that does not require a download and gives you access anywhere you can get an internet connection. If you will be trading ETH or ETC, your wallet must be an Ethereum wallet. Another form of wallet called a hardware wallet consists of a peripheral device like a USB memory stick that gives you increased security.
Some exchanges, such as NGexchanger, offer a bitcoin wallet, although many exchanges that do not provide one require that you have an Ethereum wallet or that you leave your currency at the exchange.
List Of Popular wallets used in Nigeria for ETH and ETC:
One of the most popular ETH wallets in Nigeria, this desktop wallet accesses the Ethereum network, as well as decentralized Ethereum apps. The wallet features an intuitive interface and includes extensions for Chrome and Firefox.
This web-based wallet allows you to control your Ethereum private keys. Because of the wallet’s open source framework, it does not require third-party servers. Another highlight of this wallet consists of its built-in BTC to ETH and ETH to BTC exchange feature.
A mobile cryptocurrency wallet that offers a single platform with over 300 cryptocurrency wallets and tokens, as well as the ability to exchange currencies at no cost, Coinomi also supports the ERC20-based tokens used for smart contracts.
This wallet platform was designed for merchants and accepts 65 altcoins. It services more than 230,000 vendors in 182 countries. Coinpayments.net also supports popular shopping carts used by ecommerce stores such as Opencart, Magento and WooCommerce.
Functioning as a completely wireless hardware wallet, the Bitfi wallet comes in a smartphone-like device and supports an unlimited number of cryptocurrencies and crypto assets. The wallet provides total security from online and offline security threats and allows you to manage all of your cryptocurrencies on one dashboard.
Step 3: Withdraw Your ETH to Your Wallet
Once you have purchased your ETH on an exchange, you may withdraw the currency to your ETH or multi-currency wallet. You can also buy or sell Ethereum from a local seller as shown by coindirect.com
Ebube James is the founder of vtuscript.com, A Software Application use to Create VTU Business Website in Nigeria and Ghana, and any other countries.
Founder at itkTips Blog [itk.com.ng]
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