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June 20, 2019

How to Buy Bitcoin with a Credit Card in Nigeria

buy cryptocurrency with credit card

Bitcoin is one of the hottest alternative investments out there. Volatile as it is, it still has a +6000% ROI in June 2019 (According to CoinMarketCap) since it was first made available to the public in 2009.

Coindirect makes it easy for Nigerians to purchase bitcoin using Nigerian Naira by offering multiple payment methods such as Nigerian credit card payments, international credit card payments, bank transfers, mobile money and Visa QR payments. You can also buy bitcoin on the marketplace from Nigerian sellers but this guide will focus on how you can buy Bitcoin and other cryptocurrencies directly from Coindirect using your credit card.

How to buy bitcoin with a Credit Card in Nigeria:

  1. Sign Up for a free account (Log in if you are an existing customer)
  2. Go to your Bitcoin wallet and click on ‘Buy’

coindirect bitcoin wallet

  1. Select ‘New Credit Card (NGN)’ from the drop down menu

bitcoin credit card

  1. Enter the value of Bitcoin you want to purchase in NGN or the Amount of BTC and click ‘Preview Buy’ to get a quote.

bitcoin in ngn

  1. You will receive a quote. Press ‘confirm’ before the quote expires.btc to ngn
  2. You will be redirected to a page to fill in your credit card details

buy btc with credit card

  1. You will then go to a page to verify your transaction and be redirected to your Coindirect wallet. Your Wallet will be credited with the Bitcoin that you have just purchased.

 

You can also buy the other 40 cryptocurrencies available on Coindirect using your credit card following the same process, just click buy on the wallet for the altcoin that you want to buy.

You can also buy using an international credit card which buys crypto in EUR following the same process. The only difference is that you will have to choose ‘VISA Card (EUR)’ and get quoted in Euros. Here is a guide if you want a step by step tutorial.

Credit card processing fees are 3.99% for “New credit card (EUR)” and 1.99% for “New credit card (NGN)”.

Earn 7 XRP for Referring others to Coindirect:

Invite others to open a free Coindirect account and earn up to 7 XRP for each person you refer. You and the person you refer will receive 2 XRP when they verify their identity. You will then receive additional XRP when the person you referred performs their first transaction. Find out more about our earn program here.