How to Purchase Bitcoin (BTC) using Nigerian Naira (NGN)

To buy Bitcoin using Nigerian Naira, first, find a cryptocurrency exchange that supports the BTC/NGN trading pair, such as Luno. Create an account, verify your identity, and deposit your NGN into your exchange wallet. Locate the BTC/NGN pair on the trading platform and place an order to exchange your Nigerian Naira for Bitcoin. If the BTC/NGN pair is unavailable, you can first exchange Nigerian Naira for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.