Skip to content

365TechnoBlog

365Technoblog, Blogging About Technologies

Digital Marketing agency in Nigeria
  • Casino & Game
  • Sports Betting
  • Crypto Currency
  • App Talk
  • Security
  • Digital Marketing
  • Toggle search form

P2P Crypto Exchange in Nigeria

Posted on October 4, 2021October 4, 2021 By Maku Oluwaseun

Due to the restrictions placed on crypto transactions in Nigeria, Nigerians have been forced to look for alternatives to exchanging crypto without their bank accounts being banned by the Federal Government of Nigeria.

Now you can easily trade cryptocurrencies in Nigeria without the fear of being banned. This method that allows Nigerians to trade cryptocurrency is called P2P trading, or Peer to Peer trading.

P2P trading allows you to have greater control over who buys your cryptocurrencies and who you buy them from, as well as the pricing and settlement time. While P2P trading provides consumers in Nigeria more control over the process, it is important to highlight that peer-to-peer transactions are risky since there is no third party to broker the transaction.

Shift is a secure P2P trading platform in Nigeria that allows Nigerians to easily and quickly buy USDT securely.

But before you buy, you have to go through the registration process.

Below is a step-by-step process that shows you how to register on Shift:

  1. Click create new account.
  2. After filling in your information and signing up, you will have to verify your email address.
  3. After verification, select your security preferences.
  4. Submit your KYC and wait till verification to trade.
  5. Go to Account Settings > Payment Options > Add your Bank Account or UPI.
  6. Now you can buy and sell USD using the “Buy” and “Sell” forms to buy or sell USDT from NGN.
  7. To buy or sell directly from open/available orders, click on any open orders to buy or sell at that price and quantity. And click on Buy or Sell button respectively to place an order.

Benefits of using Shift P2P crypto exchange in Nigeria

Shift provides a secure platform to Nigerians where you can easily trade crypto assets, and here are some exciting benefits of trading on Shift:

No transaction censorship

The Central Bank of Nigeria (CBN) has directed banks to shut cryptocurrency-related accounts and banks have cut ties with cryptocurrency exchanges. As a result of this, Nigerians are increasingly turning to P2P exchanges since no government action can halt trade on P2P exchanges.

Shift’s P2P exchange is a suitable alternative to regulatory censorship. This is due to the fact that we exchange links between the two merchants in Nigeria directly. Both merchants have the option of settling payments in cash or via direct bank transfers. Such government rules have no effect on our P2P transactions since there is no central entity engaged.

Lower transaction fees

Centralized exchanges need the participation of middlemen who must be compensated.

Aside from that, these exchanges require personnel to manage the activities. All of this adds up to the exchange’s operational expense.

This makes the user pay these expenses in the form of transaction fees.

But trading with Shift eliminates the need for a third party, therefore automatically matching the traders. As a result, the cost of the transaction is kept to a minimum, and Shift’s P2P exchange customers in Nigeria pay lower costs than traditional exchange users.

Conclusion

The Nigerian government banned crypto in the country. As a result, crypto aficionados like you find it hard to trade. However, Shift has provided a secure platform that allows peer-to-peer exchange, which allows for quick, efficient, and cost-effective trades.

Register on Shift’s platform and start trading easily without the government banning your bank account or coming down on your neck. Visit https://shift.market to start trading crypto in Nigeria now.

Comments

Crypto Currency Tags:best bitcoin wallet in nigeria, best crypto wallet in Nigeria, best p2p crypto exchange in nigeria nairaland, best tether crypto exchange in nigeria, crypto exchanges in nigeria, p2p bitcoin exchange in nigeria, p2p bitcoin purchase in naira

Post navigation

Previous Post: Buy & Sell Bitcoin in Nigeria
Next Post: How to Invest in Bitcoin in Nigeria

Related Posts

Stake GMS-BUSD on PancakeSwap To Grow Your GMS Holdings Stake GMS-BUSD on PancakeSwap To Grow Your GMS Holdings Crypto Currency
Buy & Sell Bitcoin in Nigeria Crypto Currency
IS COINBASE A P2P WALLET? IS COINBASE A P2P WALLET? Crypto Currency
Crypto Swapping Platform in Africa Crypto Swapping Made Easy with OGASASWAP Crypto Currency
What is the best P2P crypto exchange in Nigeria? Crypto Currency
WHAT IS A CROSS-CHAIN SWAP AND WHICH CROSS-CHAIN SWAP PLATFORM TO USE IN AFRICA? WHAT IS A CROSS-CHAIN SWAP AND WHICH CROSS-CHAIN SWAP PLATFORM TO USE IN AFRICA? Crypto Currency

Recent Posts

  • QASA Rechargeable Standing Fan Manual
  • Duravolt Rechargeable Standing Fan Manual
  • Ten Important Facts That You Should Know About Casinos Not On Gamstop
  • WHY YOU NEED CONTENT PLACEMENT & BLOG OUTREACH IN AFRICA
  • 12 Killer Demand Generation Campaigns Proven to Work 
  • HOW TO STOP PARTICULAR GOOGLE ADSENSE ADVERTISERS FROM APPEARING ON YOUR WEBSITE
  • Crypto Swapping Made Easy with OGASASWAP
  • Baccarat Is A Game Of Chance, But It Can Be Slightly Influenced By Some Of These Insider Strategies
  • WHAT IS A CROSS-CHAIN SWAP AND WHICH CROSS-CHAIN SWAP PLATFORM TO USE IN AFRICA?
  • 10 Ultra Chic Bridesmaid Proposal Gifts to Show Your Love in Style
  • HOW DO I PAY FOR SOMETHING WITH BITCOIN IN NIGERIA?
  • iAuctionX or Bet9ja: Where Should You Stake Your Money?
Put your name and email to get notification anytime a new post is made.
Loading

Content Safety

HERO


365technoblog.com

Trustworthy

Approved by Sur.ly

2022
  • Advertise With Us
  • Contact Us
  • Submit a Guest Post FREE

Technology Marketing Recommendations

  • App Marketing Agency
  • ICT Marketing Agency Africa
  • Digital Marketing Agency
  • Casino & Game
  • Sports Betting
  • Crypto Currency
  • App Talk
  • Security
  • Digital Marketing

365technoblog.com writes informative and educative guides, tips, and answers numerous questions about technology’s world – App, Security, SmartPhone, etc. Also, 365technoblog.com offers guides on digital marketing of technology’s products and services to manufacturers and sellers.

Copyright © 2022 365TechnoBlog.

Powered by PressBook Grid Blogs theme