You may not know this, but Bitcoin is still relatively new to many Nigerians, especially those who are not tech-savvy. As a result, just a few business owners will allow customers or clients to pay for goods and services with cryptocurrencies like Bitcoin.
In addition, even those that accept such transactions may not have what it takes to process them. But that notwithstanding, so many online stores accept payment with Bitcoin, and they have all it takes to process a secure and fast transaction.
So today, we will discuss some legit online stores that accept Bitcoin as payment for products and services in Nigeria.
What is Bitcoin?
Bitcoin is the most widely recognized and the first cryptocurrency. It is a virtual currency designed to be used in place of our regular flat currencies and to make payments for products and services. The best part is that any group of people or organization does not control the currency; hence, there is no third-party involvement in these transitions.
A group of developers called Satoshi Nakamoto introduced the cryptocurrency in 2009. However, today it has become very popular and expensive, and it has also inspired the development of other cryptocurrencies across different countries.
These new competitors either strive to create new financial technologies or try to replace Bitcoin, which has been impossible. So till today, Bitcoin remains the most widely known and trusted digital currency worldwide.
Online Stores That Accept Bitcoin in Nigeria
If you are new to the world of digital currencies, you may need to learn certain things to understand the technology better; however, for those already acquainted with Bitcoin, here are ten confirmed and reliable online stores that accept Bitcoin as payment in Nigeria.
CT Mastery
This is a one-stop crypto trading platform designed to help you understand the concept of cryptocurrency and how to trade with it profitably. They have a walk-in office in Port Harcourt, Rivers State, but you can access their services online.
CT Mastery supports Bitcoin and other currencies like Ethereum, Litecoin, BKY, etc.
Shinapwon Infotech
Shinapwon Infotech is a shop that sells phone accessories like chargers, AirPods, phone cases, etc. Their walk-in shop is located at Gbaremu Market, Ibadan, Oyo State, and they accept Bitcoin, Paypal, and Payeer for payment.
CloudSMS
CloudSMS is one of Nigeria’s leading SMS HTTP/SMPP gateway providers; it is a subsidiary of CloudWare Technologies that makes communication between families, business partners, and friends easy, fast, and affordable.
The office is located in Lagos, Oyo, and Abuja, and they accept Bitcoin, XRP, ETH, BCH, USDT, LTC and EOS for payments.
See also: How to Start a Fashion Business in Nigeria
Regal Flowers
This is one of the best walk-in and online flower shops in Lagos; they deliver luxurious fresh flowers to clients within the state and accept BTC as payment. You can walk into the Regal Flower shop at Ikoyi, Lagos State, or visit their website to buy flowers of your choice.
EP Fashion Hub
EP Fashion Hub sells unisex designer wear and fashion accessories, and they have a walk-in shop in Asaba, Delta State. They support Bitcoin for payments, but that is the only cryptocurrency they accept.
Minku Designs
Minku Designs is an online store that sells handmade leather products and unisex clothes. They have an office in Lagos, and they accept BTC.
Fasttech
Fasttech is one of the best e-commerce sites in Enugu; they accept many types of cryptocurrencies, including BTC, LTC, USDC, ETh, etc.
NotJustBrands
This is a media management and brand consultant firm. They assist new and old businesses to start up a brand and maintain an excellent online presence. The company is located in Osun State, and they accept BTC as payment.
Hancarri
If you are looking for an online store that sells good quality foot and stock wears, Hancarri is the one for you, it is located in Asaba Delta state, but you can access their products online. Also, they accept BTC as payment.
Gigalayer
Gigalayer deals with the development of platforms for web hosting and domain names. They accept BTC and other cryptocurrencies and have an office in Lagos.
How to get Bitcoin in Nigeria
Bitcoin can be purchased from different exchange platforms and stored in a digital wallet for as long as you want. Some reliable platforms where you can purchase Bitcoin are Binance, Buycoins, Quidax, etc.
These exchange platforms have made the purchase and use of cryptocurrency very easy. They have been around for a while, and they all have different features that you might want to consider before using them.
However, the essential things to look for are reliable customer service, speed, good customer reviews, and affordable gas fees.
See also: How to Start a Thrift Business in Nigeria
After reading this article, about where to spend your Bitcoin and how to get it if you do not already have some, it wouldn’t be a puzzle anymore. Rather, how to be successful in the market and industry will now be your major concern. So it is advisable to tread with caution because the market is well known for its abrupt fluctuations in the price and value of coins.
