NairaEx Blog Providing latest news and announcements related to the NairaEx website as well as the general cryptocurrency in Nigeria.

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10 Reasons to Buy or Hold Bitcoin in Nigeria

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1. Nigeria Will Face a Recession in the Future Most developing economies like Nigeria expect their economies to go into a downturn in the coming months. The nation is still gasping for breath after being beaten severely by a 2016 economic recession. The nation’s pace of recovery has been slow, despite achieving a milestone: 2.55% gross domestic product (GDP). History has shown that bitcoin can be...

COVID-19 — A note to our community

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You’ve probably received numerous emails about the impact of COVID-19 over the past couple of weeks. As Nigeria imposes lockdown in cities to curb the coronavirus, we feel it is important to update you on what is happening at NairaEx as we know this unexpected event raises many questions. As always, we are open for business. NairaEx is a digital-based Bitcoin company, hence we are always ready to...

Bitcoin, the Economy, and the Coronavirus

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Price Retracements as Markets Face the Coronavirus Woes Price retracements have been witnessed in numerous sectors, including the cryptocurrency markets. Sliding bitcoin prices pose questions as to whether the cryptocurrency is really a safe-haven commodity. As a consequence of many factors, like the coronavirus, the economies have encountered major obstacles to the sustainability of their...

The Incoming Bitcoin Halving

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The Bitcoin halving is approaching. Bitcoin halvings are scheduled to take place once every 210,000 blocks (every four years)- until the maximum supply of 21 million bitcoins has been made by the network. Bitcoin halvings will continue to take place until all Bitcoin is supplied. The Halving Effect Source: Fintechna When the halving occurs, the mining rewards for BTC, BCH, and BSV will be reduced...

Myths and Truths With NairaEx

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NairaEx has been protecting and growing the wealth of Nigerians and other global citizens since its inception in 2015. Over the years, the cryptocurrency exchange has experienced exponential increases in its user base as word spreads of its money-saving services. As an exchange of cryptocurrency, NairaEx has helped to reduce the costs of making international transfers. Yet, despite its continued...

Ways to Store Your Cryptocurrency

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Ways to Store Your Cryptocurrency There are many popular ways to buy bitcoin and other cryptocurrency. The list is endless. It is important to make sure you do background research on the ways your crypto can be stored. As the demand for and popularity of cryptocurrencies increases, it becomes increasingly important to ensure your holdings are as safe as possible. Store Your Bitcoin Safely There...

Cryptocurrency and Economics: What to Do When an Economy Fails

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Cryptocurrencies are underrated. Since the creation of Bitcoin, millions of people around the world and even billions have been offered new choices. These choices represent freedom not only financially but from the inner conflicts which many economies have faced. Pesos, Bitcoin, and War Venezuela serves as an example of how cryptocurrency can provide a lifeline from economic turmoil in a nation...

What is the Best Bitcoin Alternative? – Our Best Altcoin Picks

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What is the best Bitcoin alternative? Is there even another cryptocurrency worth investing in? Many Nigerians can no longer afford to invest in a whole Bitcoin. The race is, therefore, on in Nigeria to identify the best altcoins to invest in ready for 2020. Here at NairaEX, we can’t say for certain what these coins are. However, we do have five favorites. What is the Best Bitcoin Alternative? No...

Announcing new payment method FOR BUY ORDER

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NairaEx is excited to announce a new payment method for customers making payment for a buy order. We can now process bank transfer instantly with fully automated reconciliation and settlement. Through Monnify payment, customers can pay for buy orders by using their Internet/Mobile/USSD Banking platform to initiate an instant bank transfer to the one-time-use bank account generated for your buy...

NairaEx Blog Providing latest news and announcements related to the NairaEx website as well as the general cryptocurrency in Nigeria.