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


Here’s everything you need to know about Bitcoin Halving


Bitcoin will undergo supply cut today May 11, 2020, during the time governments around the world are printing more money and increasing debts in order to combat the economic effect of the COVID-19 pandemic. Nigeria’s total debt profile now stands at N33trillion and is expected to reach an unprecedented level. What’s Bitcoin halving? It means that the amount of new bitcoin being generated and...

Nigerians are Buying More Bitcoin


In the month of May 2020 Nigerians contributed to $35 million in Bitcoin transactions, further emphasizing the role of Africa’s most populous nation as the leading economy on the continent for Bitcoin. $35 Million in Bitcoin Transactions and Counting Nigeria dominated Africa’s cryptocurrency markets with the highest volumes of Bitcoin transactions by Nigerians over thirty days. The volume of...

Public Warning on Ethereum Million Money Scam


Million Money is a new fraudulent scheme, operating under the pretense of a legitimate Ethereum blockchain project. The scheme has gained more popularity since it sprung up in 2019. False Representations of Million Money Million Money is an attempt to mimic traditional blockchain applications on Ethereum. It purports to use a smart contract that automates secure and automatic payments. The...

Major Chinese Miners Expecting Increasing Investment in Bitcoin

Hash rate

Major Chinese cryptocurrency miners are betting on increasing Bitcoin investments in the next six months which will help keep them in business after the May 12 halving. The sentiment was found in a survey conducted by crypto services firm RockX on May 4, 2020. According to this survey, approximately 57% of the total Chinese cryptocurrency miners believed that a large influx of new investors was...

COVID-19 — A note to our community


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...

Myths and Truths With NairaEx


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...

Announcing new payment method FOR BUY ORDER


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 / Bitcoin.NG NewsLetter – October Review


In an eventful month for the cryptocurrency market, October 25 saw Bitcoin price surge by 42% in 24 hours; its highest single-day rally since 2011. The price pump saw the number 1 cryptocurrency, move from $7,400 per Btc to $10,400 within a few hours; setting the tone for a bullish scenario. Although a retracement to below $10,000 ensued, traders and investors sure had taken profits; with many of...

NairaEx Monthly NewsLetter – August 2019 RoundUp


Welcome to the NairaEx/ monthly newsletter. Here we refresh all crypto activities from the past month and projections for the new month. Stay tuned The month of August played sideways for the cryptocurrency community. While there major events and announcements, the market and price movement did not grow significantly as Bitcoin (BTC) closed the month below the $10,000 support; just as...

Buy and Sell Bitcoin Instantly In Nigeria


We’re announcing the introduction of instant buy and sell of bitcoin in Nigeria at NairaEx. No more long processing hours for orders to be completed, the operation is fully automated. With this feature, NairaEx customers will receive immediate credit of Bitcoin after completing the payment for their buy order and immediate credit for sell order after the bitcoin has been confirmed on the...

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