Luno, how to buy bitcoin with debit card can also convert your Bitcoin to naira and receive it in your bank account. 7 Live – Subscribe to the Pulse Newsletter!
Bitcoin is a crypto-currency and worldwide payment system that can be exchanged for other currencies, products, and services. It was created as a reward for mining. Mining, on the other hand, is a record-keeping service done through the use of computer processing power. Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block. It is, therefore, important to state here that Bitcoin is the first decentralized digital currency, as the system works without a central bank or single administrator.
Transactions between users are done directly, without any intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. However, buying Bitcoin in Nigeria takes a difficult process. But things seem to be changing as some companies have succeeded in making the process easier and instant than usual. 100 per month since the transaction is in naira and transactions can be made with master or visa card from any bank. Apart from buying Bitcoin with your credit card, Luno also makes withdrawal easy.
You can easily convert your Bitcoin to naira and receive it in your bank account. Your Luno naira wallet will be credited. Click ‘buy’ to buy Bitcoin and your Bitcoin wallet will be funded instantly. However, owing to the fact that they’ve been around for quite some time now, Virwox can make a boast of over seven hundred and forty thousand registered users. However, instead of displaying the fees on public view, they are rather incorporated into the prices. Located in the heart of Europe- Austria, Bitpanda is easy to use. It has a fast service that makes it possible to buy and sell your Cryptocoins within seconds.