Skip to main content

The Ultimate Guide to Buying Bitcoin for Instant Cash in Nigeria with Qxchange

If you're looking to buy Bitcoin for instant cash in Nigeria, one option you can consider is using Qxchange. Qxchange is a cryptocurrency exchange platform that allows users to buy and sell Bitcoin and other cryptocurrencies using Nigerian Naira (NGN) and provides instant cash transactions.

To buy Bitcoin for instant cash using Qxchange in Nigeria, follow these steps:

Visit the Qxchange website or download the Qxchange mobile app.

Create an account by providing the required information and completing the registration process.

Complete the necessary verification process, which may include providing identification documents as per the platform's requirements.


Once your account is verified, log in to your Qxchange account.

Navigate to the "Buy Bitcoin" or "Trade" section of the platform.Select the option to buy Bitcoin with Nigerian Naira (NGN) or cash. Enter the amount of NGN or cash you wish to exchange for Bitcoin. Review the transaction details, including the exchange rate and any applicable fees. If you agree with the terms, confirm the transaction.

Qxchange will provide you with the recipient details, such as their bank account information or payment wallet address.

Visit the designated bank branch or meet with the recipient in person to provide the agreed-upon cash amount.

Once the cash is received and verified by the recipient, Qxchange will release the equivalent amount of Bitcoin to your Qxchange wallet or the designated Bitcoin wallet address you provided.


Comments

Popular posts from this blog

Converting Bitcoin to Nigeria: Sell Bitcoin In Nigeria

The economic downturn in Nigeria has increased the usage of bitcoin and other cryptocurrencies to levels never previously seen. In February 2017, there were just $1.3 million in transactions. By 2020, there will be over $200 million in daily transactions. Due to the spike, hundreds of people are trying to open wallets and purchase or Sell Bitcoin In Nigeria on various exchanges. Investing in bitcoin might seem difficult for a newbie in Nigeria, but it is a lot simpler if you break it down into manageable steps. Bitcoin Is Divisible You must first realize that you can purchase only part of the bitcoin at a time. Satoshis, a type of cryptocurrency unit, are created from each bitcoin. It may be divided by eight decimal places (0.00000001). This indicates that one Satoshi is equivalent to one hundred millionth of a bitcoin or one bitcoin is equal to 100 million Satoshis. Accordingly, you may purchase any units based on your risk tolerance. You may be able to purchase a different quantity ...

5 Interesting Financial Facts About Nigeria

  The naira is the currency of Nigeria, and it is denoted by the letters NGN. Nigeria divides the naira into 100 kobos (k), which are smaller currency denominations, much as the U.S. dollar and cents. The Central Bank of Nigeria (CBN) is based in Abuja and issues coins and banknotes. Nigeria uses the 50 kobo, 1 naira, and 2 naira coinage. It prints notes with denominations of 5, 10, 20, 50, 100, 500, and 1000 naira. The brilliant hues of Nigerian currency, which is available in yellow, orange, green, and blue, are well-known. The naira has a lengthy and distinctive history, despite being a relatively recent form of money in Nigeria. The Nigerian naira is interesting for the following five reasons. It’s An Abbreviation Of The Country’s Name The name "naira" was initially created by Chief Obafemi Awolowo, who was Nigeria's Federal Commissioner of Finance. Awolowo shortened Nigeria's name to become the name of its new currency in celebration of the nation's independe...