They have managed to build a brand that boasts: This is why Sam and his team have built MYBTCNIGERIA on this strong vision as the perfect all-in-one tool you need to start a crypto journey as a Nigerian living anywhere in the world. The majority of transactions in the Nigerian Bitcoin space have been from early adopters who have relied mostly on foreign-based crypto exchange and trading platforms like Luno, Paxful, and Binance to not only buy bitcoin in Nigeria but also to store, sell and send around the world while having to deal with difficult verification processes, unfavorable rates, issues withdrawing fiat currency, and as far as banning accounts leading to loss of funds.
While this is true, full adoption of cryptocurrency is still gradual owing to the challenges that digital currencies provide, particularly in terms of exchanging them. It’s understandable why, despite the central bank’s prohibition on banks assisting bitcoin and other digital asset transactions, the number of people looking to purchase and sell cryptocurrency in the country remains high. The country has been (still is) one of the leading nations in the world when it comes to bitcoin and other crypto token transactions.
If you follow the bitcoin news, you will know a lot about Nigeria, how it has been at the forefront of this innovation.
