Direct bitcoin exchange

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At first I was skeptical but I had to give it a try. The transaction was smooth and easy. Anu, Lagos State. Good job done here Ubong Asukwo, Cross River State. Frequently asked questions How is the price calculated? The price of Bitcoin and other digital currencies are determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency.

Naira Direct does not set the price of Bitcoin or any digital currency. Why is the Bitcoin price different on Google? There is no global Bitcoin price, it isn't pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price Do I need to buy a whole Bitcoin? We use reliable cryptocurrency conversion partners in the industry, allowing us to provide everyone with fast, secure, and reliable Bitcoin exchange services.

Unlike other exchanges that might go offline or disappear with your coins, be assured your digital currency is safe and secure with us. While transacting on our website, individual data is not required for exchanges. This ensures your information is well protected from getting copied, stolen, or associated with your real identity. You may be seen me on TV as crypto currency consultant, i have advised number of people about this business.

You can trade bitcoin before you have missed out the time. John Abraham Crypto Cunslant You may be seen me on TV as crypto currency consultant, i have advised number of people about this business.

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The transaction was smooth and easy. Anu, Lagos State. Good job done here Ubong Asukwo, Cross River State. Frequently asked questions How is the price calculated? The price of Bitcoin and other digital currencies are determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency.

Naira Direct does not set the price of Bitcoin or any digital currency. Why is the Bitcoin price different on Google? There is no global Bitcoin price, it isn't pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price Do I need to buy a whole Bitcoin? Bitcoin, Ethereum and most other digital currencies are divisible.

Still, compared to cash, it's not liquid, particularly when it comes to using it to buy something in the real world. For this reason, there's a need for bitcoin exchanges. What's a bitcoin exchange? A bitcoin exchange is any service that matches buyers of bitcoin with sellers. Exchanges are what make Bitcoin a liquid asset for traders at large scale.

When most people speak of bitcoin exchanges, they're referring to centralized 'custodial' platforms like Coinbase, Kraken, and Binance. These platforms facilitate the trade of bitcoin and many other cryptocurrencies. Similar to platforms for trading stocks like Robinhood and Charles Schwab, cryptocurrency exchanges match buyers and sellers. Critically, by definition, a centralized cryptocurrency exchange takes custody of your bitcoin.

This has a number of implications relating to security, but also relating to the freedom you have to use your bitcoin as you wish. From a user's perspective, the typical flow is as follows: Sign up to the exchange and present identity documents. Fund your newly created account with bitcoin, another cryptocurrency or, if the exchange allows it, local currency.

Make a trade by setting a 'buy order. Most exchanges allow you to set both 'market buy' orders and 'limit buy' orders. When you create a market buy order, you only need to indicate how much bitcoin you'd like to buy you don't set the price. The exchange will automatically match you with the seller s currently offering the lowest price, and execute your trade. When you create a limit buy order, you're indicating how much bitcoin you'd like to buy and the price you're willing to pay for it.

If and when there are sellers willing to accept the price you've set your 'limit' , your order will complete, meaning your bitcoin will show up in your exchange wallet and your money or other cryptocurrency will disappear. Cryptocurrency exchanges that allow you to transfer local currency to and from them are known as 'banked exchanges.

These are known as 'partially banked' exchanges. A fully-banked exchange will allow to you fund your account via bank transfer and send local currency back to your bank account. Generally speaking, the more users an exchange has, the greater 'market depth' it is able to provide. Market depth refers to the size of the exchange's order books.

People who place buy and sell orders on exchanges are known as market makers. The more orders there are on the book, the easier it is for people to buy and sell large amounts of bitcoin at closer to the global market rate. In markets, takers are those who reduce liquidity by taking orders that are already on the books.

When you place a market order, you're a taker. You can also be a taker when you place a limit order if your order happens to match with another person's order that's already on the books. In a word: fees. These may include some or all of the following: Withdrawal fees Most exchanges charge a fee to withdraw bitcoin, other cryptocurrencies, and local currencies.

In most cases, the fee is on a per withdrawal basis not a percentage of the withdrawal amount. The withdrawal fees charged by exchanges tend to change frequently, often without notice. Trading fees These are typically calculated as a percentage of the trade value and often depend on whether you're the maker or the taker see above for an explanation of makers and takers. In most cases, makers pay lower fees than takers.