{"id":2345,"date":"2019-07-11T14:10:01","date_gmt":"2019-07-11T06:10:01","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=2345"},"modified":"2020-09-08T16:01:29","modified_gmt":"2020-09-08T08:01:29","slug":"how-to-buy-bitcoin-with-naira","status":"publish","type":"post","link":"\/blog\/how-to-buy-bitcoin-with-naira\/","title":{"rendered":"How to Buy Bitcoin with Naira"},"content":{"rendered":"

Here\u2019s your step-by-step guide to buy Bitcoin with Niara using CoinCola\u2019s OTC trading platform.<\/span><\/p>\n

Cryptocurrencies are turning out to be a good investment option for Nigerians to park their money with the constant devaluation of the local currency Naira. The Nigerian citizens can buy Bitcoin through any cryptocurrency exchanges or over-the-counter (OTC) trading platforms.<\/span><\/p>\n

The OTC platforms are getting popular with time as they offer peer-to-peer cryptocurrency trading facilities without involving the exchanges. In such a case, the OTC platform itself acts as an escrow and charges a nominal fee for its services in comparison to the crypto exchanges.<\/span><\/p>\n

LocalBitcoins was the first OTC crypto trading platform. But due to its high fee, other alternatives like CoinCola are getting popular, especially in Nigeria.<\/span><\/p>\n

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CoinCola – A Fast-Growing OTC Bitcoin Trading Platform<\/i><\/b><\/p>\n

CoinCola is a Hong Kong-based OTC trading platform that offers peer-to-peer crypto trading facility by directly connecting the buyers and sellers on its platform.<\/span><\/p>\n

CoinCola supports OTC trading for a multitude of cryptocurrencies like BTC,ETH,USDT,LTC and BCH. In addition to crypto-to-crypto trading, the platform facilitates several other ways for users to purchase their cryptocurrencies. This includes buy\/sell Bitcoin with FIAT and local currencies like EUR, GBP, USD, CNY, JPY, etc.<\/span><\/p>\n

Today we will go through a step-by-step process on how to buy Bitcoin using Nigerian Naira on the CoinCola platform.<\/span><\/p>\n

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A Step-by-Step Guide to Buy Bitcoin With Naira<\/i><\/b>\u00a0<\/i><\/b><\/p>\n

The first and the foremost thing to begin buying Bitcoins on CoinCola is to signup to the platform by adding your credentials like username, email-ID, and password. After this, you need to complete the verification process.<\/span><\/p>\n

Note that to ensure the safety and security of its users from online scams, CoinCola makes it mandatory for users to complete their KYC before they can proceed ahead with crypto trading.<\/span><\/p>\n

There are two ways on CoinCola to buy Bitcoin with Naira.<\/span><\/p>\n

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First Method<\/i><\/b><\/p>\n

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  1. Login to your CoinCola account and click on OTC -> BTC -> BUY. Here you will be presented with different seller options.<\/span>\"\"<\/a><\/li>\n<\/ol>\n

    The \u201cBuy Bitcoin in Nigeria\u201d page where there are BTC sellers who accept Naira<\/span><\/a><\/p>\n

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    1. Chose the seller of your choice from whom you want to buy Bitcoin, and click \u201cBUY BTC\u201d.<\/span><\/li>\n
    2. Enter the amount of Bitcoin BTC you want to buy. Before going further, you need to understand the seller\u2019s information like trade limit, payment method, and time of payment. Before placing the order you can also contact the seller. If the seller is online, you can proceed and confirm your buy Bitcoin order.<\/span><\/li>\n<\/ol>\n

      \"\"<\/p>\n

      The seller info page<\/span><\/p>\n

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      1. You can also give the bank account number to the seller from where you will pay the fiat Niara.<\/span><\/li>\n
      2. Upon placing the order, you will see the \u201crelease payment\u201d option to release the payment to the Bitcoin seller.\u00a0\u00a0<\/span><\/li>\n<\/ol>\n

        \"\"<\/p>\n

        The payment status page<\/span><\/p>\n

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        1. Once you have confirmed sending the payment, the seller will release the Bitcoin. Note that the transfer of Bitcoin takes place through CoinCola\u2019s ESCROW. One can also check the History Records to see if the cryptocurrencies you bought have been transferred to your account. Upon finishing the trade, you can give feedback to the seller.<\/span><\/li>\n
        2. Congratulations on purchasing your Bitcoin!<\/span><\/li>\n<\/ol>\n

           <\/p>\n