How to Buy Bitcoin With Debit/Credit Card in Nigeria 2017

Buying Bitcoin with a Debit/Credit card in Nigeria 2017 – 3 exchanges reviewed

(Plus cheapest Price possible…)

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Buy Ethereum in Nigeria on Ngexchanger
Debit / Credit cardYesYesNoYes
Price per $100 BitcoinNGN 41,800NGN 38,570NGN 41,000NGN 53,700
AvailabilityWorldwide42 countriesNigeriaWorldwide
Overall gradeB+AAB
Visit siteVisit siteVisit siteVisit site

There are lots of Bitcoin exchange merchant online that accepts the credit or debit card (naira master card or visa card) for the purchase of bitcoin. But almost all of them does not accept the Naira debit card and debit cards from some other countries. The annoying thing is that they allow you to register with them before telling you that your country is not accepted. This could be a waste of time.  I took my time go through 31 sites that accept credit card for bitcoin. I found that only 3 of them accepts the debit/credit card from all countries including Nigeria. I have reviewed and compared this 3 websites with a table to compare them and even found out the cheapest exchange. If you appreciate the information, share on Facebook to reach more people.


  • Buy Bitcoin with Debit/Credit card at Virwox

Accepted Cards: GTB MasterCard, GTB utility card, FCMB visa card, Access bank master card and UBA Visa card, dollar card of all banks

Virvox is a virtual currency exchange that existed even before Bitcoin was open for trading in Jan 2009. Virvox was set up in 2007 to trade Second Life Lindens (SLL) and other virtual currencies used for gaming online.

Virvox Started accepting Bitcoin in April 2011 and opened a way for people to buy Bitcoin with PayPal. In other words, people buy SLL with PayPal, convert the SLL to Bitcoin then send the bitcoin to their bitcoin wallet so the process is quite long and don’t forget your debit/credit card is linked to your PayPal. Their transaction fee is quite high 10% but they have over 740k registered users probably because they have been around for a long time.

A quick breakdown on how to buy Bitcoin with debit card/PayPal at Virwox

  1. Deposit dollars to virwox through PayPal
  2. Buy “Second Life Lindens” (SLL) with your USD
  3. Purchase Bitcoin with SLL
  4. Withdraw BTC to your Bitcoin Wallet

From my calculation, you will lose NGN 800 if you buy Bitcoin with virwox compared to the local exchange.

Pros. Worldwide availability, no verification needed

Cons.  Poor support, High fees.


Buy Bitcoin on Virwox


  • Buy Bitcoin with Debit/Credit card at Luno

    Accepted cards: All visa and master card from all banks

    Luno is a Bitcoin exchange/wallet provider. I will recommend Luno to anybody any day, as a matter of fact, if you already have a wallet provider, I suggest you still sign up with Luno. This is the exchange I  use 95% of the time the remaining 5% is just for me see how other sites work. From my experience, they are the cheapest and easiest way to buy bitcoin online. They are in many countries around the world. They were initially called bitx when they did not have the debit/credit card option and take about 12 to 24 hours to process your transaction. They later upgraded to a more user-friendly interface, changed their name to Luno without disrupting their users’ account, launched their app and integrated a debit/credit card option. Your wallet if funded instantly on Luno. The good thing about Luno is that they accept your local currency. This way you do not lose money due to double conversion from naira to dollar or Euro before Bitcoin. This means that you are no longer limited to $100 per month since the transaction is in naira. Transactions can be made with master or visa card from any bank. Luno also makes withdrawal easy. You can easily convert your bitcoin to naira and receive it in your bank account.
    To buy Bitcoin from Luno.  Click on ‘account’, click on deposit. Enter your card information. Your Luno naira wallet will be credited. Click ‘buy’ to buy bitcoin. Your bitcoin wallet will be funded instantly. You can buy bitcoin with as low as 100 naira (about $0.28) This process is simple and straightforward. Luno now also Support Ethereum wallet and exchange.

From my calculation, you will save about 2,430 naira per $100 if you buy Bitcoin on luno when compared with the local bitcoin exchange.

Pros: Cheapest so far, user-friendly, excellent customer support

Cons: they only deal on Bitcoin

Buy Bitcoin on Luno


  • Buy Bitcoin with Debit/Credit card at Indacoin

    Accepted Cards from Nigeria: GTB MasterCard, GTB utility card, FCMB visa card, Access bank master card and UBA visa card, dollar card of all banks

    Indacoin is an exchange based in the UK that allows anybody from any part of the world to buy Bitcoin, Litcoin or Etherum with debit/credit card. They accept Master card and Visa card from any part of the word.
    To use your card for the first time on indacoin, you will have to enter a 3-digit code that can be found in your card statement and verify your phone number. This process is very simple and it’s just to confirm that the card belongs to you. Also for your first transaction with a new card, you are limited to between 30 to 100 Euro the first day, 200 Euro after 4 days and 500 Euro after 7 days.
    On the downside, though the site stated that they don’t charge any fee, their exchange rate is pretty high this could be due to the debit card charges. From My calculation, you will be losing about NGN12,700 naira per $100 dollar when you use this exchange compared to using a local Nigeria Bitcoin exchange. this is a lot

Pros: worldwide availability, good support, user-friendly interface

Cons: Very High fee

Buy Bitcoin on Indacoin


have you made a choice yet?

There is no doubt that Luno has all the advantages but if you don’t have a debit or credit card, there are other methods you can use. I have also reviewed 10 sites where you can buy Bitcoin in Nigeria most of them have offices where you can even walk in and buy with cash. If you enjoyed reading this, please like, leave me a comment and share this post on facebook with the facebook icon below someone might need the information. If you have any information for me to update this article do let me know. Thank you.


  • because of the fluctuating price of Bitcoin, this prices may vary. The calculation is done with the price of bitcoin as at the time of this post.
  • You cannot spend more than ($100) a month from your naira card internationally (Nigeria Federal Government Policy). But you can spend as much as you want from your dollar cards.
  • Some prominent exchange that does not accept the naira master includes;,,,,, and a whole lot of them.

Comments (24)

  1. Ricky Paul 8th July 2018
    • Jude Umeano 9th July 2018
  2. Mite 8th February 2018
    • Jude Umeano 13th February 2018
  3. Andy Thomas 6th February 2018
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    • Jude Umeano 13th January 2018
  5. Ifeanyi Victor 2nd January 2018
    • Felix Udechukwu 8th January 2018
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  8. Globalinvestments 21st November 2017
    • Jude Umeano 21st November 2017
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