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Rather, it sees bitcoin and other cryptocurrencies with skepticism. Is btc legal in nigeria : You can buy and sell bitcoins in nigeria with sites like nairaex, remitano and luno and then fill your bitcoin wallet, but these site are for trade only in naira. Most of these laws are embedded under a specific name; A quick answer to the question is: Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. The central bank of nigeria doesn't even acknowledge digital assets as a legitimate tender. Instead, it is an unregulated aspect of financial assets and tools. This form of exchanges involves you buying from an individual or business owner who buys from another source and sell to consumers. Avoid bitcoin scammers and fake exchangers. It is also important to highlight that there is a critical difference between a central bank issued. Trading by making gains off the price fluctuation just like forex trading. Bitcoin mining probably the easiest way of starting a bitcoin business in nigeria is to mine it yourself.
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The value of bitcoins increases and this is as time goes on.
No law in nigeria, ghana, or kenya has made dealing in cryptocurrency illegal or criminalized it, including cryptocurrency trading. As long as you can mine bitcoins, you can then sell them to any eager buyer out there. And they do not even have to be in nigeria! This card can be used to shop online or at a bitcoin atm anywhere in the world. Buy bitcoin when/where the price is low and sell when/where it is high. Trading by making gains off the price fluctuation just like forex trading. A quick answer to the question is: Instead, it is an unregulated aspect of financial assets and tools. You can buy and sell bitcoins in nigeria with sites like nairaex, remitano and luno and then fill your bitcoin wallet, but these site are for trade only in naira. Using it as an investment vehicle to diversify your assets; However, it is still possible to buy btc and convert bitcoin to naira at exchanges; A quick answer to the question is: Nigeria's crackdown on bitcoin echoes global crypto conundrum.
