How to Buy Bitcoin With Credit/Debit Card in Nigeria

by | Sep 17, 2019 | Bitcoin Tutorial, Reviews | 78 comments

Today, I will be giving you a full rundown of how to buy Bitcoin with credit/debit cards in Nigeria.

The cryptocurrency world presents arrays of investment opportunities leading to people striving to acquire cryptos.

There are lots of online exchanges that accept the credit or debit card for the purchase of Bitcoin.

But not all of them accept the Naira debit card and credit/debit cards from other countries.

I took my time to go through sites that accept credit/debit cards for Bitcoin and found out the very best of the sites that accept debit/credit cards from all countries including Nigeria.

Ready to hear all about my findings?

I’m ready too!

Hop in for the ride.

Post Summary

The points I will be covering in this post will be discussed under these carefully outlined subheadings:

Clicking on a subheading takes you to its details.

Happy reading!


This option of buying cryptocurrencies with credit/debit cards is now unavailable for Nigerians.

This is because of the letter issued by CBN which instructed banks and financial institutions to block the account of any user that is connected with crypto.

To buy cryptos in Nigeria currently, you will have to buy via P2P or use the other available options to bypass the ban.

Sites to Buy Bitcoin with Credit/Debit Card

As mentioned earlier, there are lots of online exchanges that accept the credit or debit card for the purchase of Bitcoin.

But not all of them accept credit/debit cards from Nigeria and other countries.

Using a credit/debit card to buy Bitcoins from exchanges was not that easy initially.

This was because of 2 main reasons;

  • many exchanges were afraid of fraud and therefore do not accept credit/debit cards.
  • there were very few credit card payment processors and most of them do not offer its services to cryptocurrency-based businesses.

But in recent times, many exchanges have started implementing systems to detect fraud.

There has also been an emergence of more payment processors (FlutterWave, Paystack, etc) that are more friendly to crypto-based businesses.

Therefore, exchanges are more open to credit/debit card purchases these days.

As a general rule, any exchange that accepts a credit card will also accept a debit card.

Before going ahead to list the exchanges as promised, here’s a video for you.

This video is a step by step guide on how to buy Bitcoin using a credit/debit card.

You can go ahead and watch the video or scroll down to read it in the post.

The exchanges that accept credit/debit cards from Nigeria and other countries include:

The exchanges that accept credit/debit cards include:

1. Quidax


Quidax is one of the exchanges that allow its users to buy Bitcoin using debit/credit cards.

The company was launched in 2018 after months of Alpha testing.

It is ranked among the top 3 cryptocurrency exchanges in Nigeria as regards trade volume.

For this post, I will be focusing more on how to buy Bitcoin using a credit/debit card.

Let’s go find out how.

How to Deposit

To buy Bitcoin with a credit/debit card, on quidax, you first have to fund your naira wallet.

As shown in the video, you do this by depositing some money into it following these steps:

Step 1: Go to Quidax and click on ‘Get Started’ or ‘Create an Account’ on the site. If you already have an account with Quidax, go straight to step 4.

Quidax registration

Step 2: The registration page pops up and you provide the details needed. Click on ‘Create Account’ when done.

Quidax registration 2

Step 3: A verification link will be sent to your email with which you will verify your account.

After going through the verification process, it will be the time to fund your wallet to start up a transaction.

Quidax registration 3

Step 4: If you already have an account, you will just have to sign in.

Quidax sign in

Step 5: To fund your wallet, click on ‘Wallet’ and it takes you to the wallet page. Click on ‘Naira’ then ‘Deposit’.

The deposit options are:

  • Bank transfer
  • Card payment
  • Pay with USSD
  • Pay with barter

In this case, ‘Card Payment’ will be selected as the payment option.

Quidax Wallet Page

Step 6: On selecting ‘Card Payment’ as the deposit option, it takes you to the page where you can input the amount to be deposited.

The minimum amount to be deposited is N200.00 and the maximum is N10,000,000.

The daily deposit limit is N500,000.

After filling the details, click on ‘Pay’.

Quidax card payment

Step 7: This takes you to the page where you will input your card details and then click ‘Pay’.

Note that there is a charge of 1.4% for every deposit.

Quidax Deposit

Another page pops up telling you that you will be redirected to your card issuer’s page. Click on ‘Proceed’ to continue.

Quidax Deposit

It then takes you to this page where you will type in the One Time Passcode (OTP) sent by your bank via SMS or email. Click ‘Submit’.

Quidax Deposit

You will see a page notifying you of the success of your deposit.


You will then be redirected back to Quidax where the money deposited reflects in your wallet. It also shows in your Deposit History.

Quidax Deposit

Well done!

You have just funded your wallet with your credit/debit card.

Not very difficult to do, was it?

Now that there are some funds available for use, let’s go buy some Bitcoin!

Steps to Buy Bitcoin

With the deposited funds, you can buy Bitcoin at either Instant Buy/Sell or at the Exchange.

Before I go ahead and explain these, I want you to note that you will pay a 1% charge when you are buying using Instant Buy/Sell and a 0.2% charge when using the exchange.

That said, I will now take you through the steps of buying Bitcoin from Instant Buy/Sell first and then that of the Exchange.

Stay with me.

Steps to Buy Bitcoin Using Instant Buy/Sell

Step 1: Sign in and click on ‘Instant Buy/Sell’ and the page ‘Buy or Sell Instantly’ pops up.

There, you will input the crypto to buy(BTC in this case), the currency to buy with (Naira), and the amount to spend.

You will also find displayed on the page the price of 1 BTC as at the time of transaction and your total balance.

Click on ‘Continue’.

Quidax Buy/Sell Page

Step 2: This takes you to the ‘Confirm Order’ page where you will see displayed:

  1. The amount you are spending and its equivalent in BTC.
  2. The service charge.
  3. The number of BTC you will be receiving after the service charge has been deducted.

After cross-checking, click on ‘Confirm Order’.

Quidax Confirm Order page

You might receive a notification like this if there happens to be a change in price within your Order time.

If you do, do not get scared.

You can then go ahead and click on ‘Requote Order’  to re-confirm your order or ‘Cancel’ to cancel the transaction.

Quidax price Update Notification

Wait while the transaction processes.

Step 3: You will be notified of the success of your transaction. Click on ‘Go to Wallet’ to go back to your wallet to see the Bitcoin purchased.

Quidax Notification

Simple as ABC!

Scroll down to see the steps when buying at the Exchange.

Steps to Buy Bitcoin using the Exchange

For this, I will just list out the steps involved.

The steps include:

  • Sign in and click on ‘Exchange’. This takes you to its Trading Platform.
  • Go to ‘Markets’ and select the coin/currency to buy (BTC/NGN in this case).
  • Then, go to the ‘Order Book’ and place your order. The order reflects in the ‘Place Order’ section.
  • In the ‘Place Order’ section, input the total amount of money you wish to expend and click on ‘Buy BTC’.
  • When it informs you of the success of your transaction, you can go back to ‘Wallet’ to view the Bitcoins bought.

That’s how it works on Quidax.

Read on to find out about the other exchanges.

Visit SiteCreate an Account

2. Luno

luno logo

Another exchange that supports buying Bitcoin with a credit/debit card is Luno.

Luno is a cryptocurrency exchange/wallet provider.

It was formerly called Bitx but rebranded to Luno in 2017.

Luno now supports Bitcoin and Ethereum wallet.

The company supports 44 countries namely Nigeria, South Africa, Indonesia, and 41 others.

Its highest market volume is in South Africa followed by Nigeria.

To buy Bitcoin with a credit/debit card in Luno, it follows the same steps as shown in Quidax.

The slight difference is that you will have to pay a 2% charge or more when buying and selling instantly and a 0.25% – 1% charge when using the exchange.

For Nigeria, Luno uses PayU and Paystack as its payment processors.

Now don’t stop reading at this point; there’s more below.

Visit SiteCreate an Account

3. Binance

Binance Logo

Binance is a crypto trading platform that was launched in 2017 after an Initial Coin Offering(ICO).

Though still very young in the crypto space, it has come to be known as ‘the world’s leading cryptocurrency exchange’.

This can be attributed to its large trade volume(1,400,000+ transactions per second and an average daily volume of  1.2bn transactions).

Despite it being a global exchange, there are restrictions for users from up to 13 states of the USA.

It supports more than 100 cryptos and its payment methods include:

  • Credit/Debit Cards
  • Cryptocurrencies
  • Bank Transfer

Bitcoin can be bought directly when using Credit/Debit cards unlike with Bank Transfer payment option where you have to buy stablecoins first before buying BTC with the stablecoins.

The company’s fees are the lowest in the market as it charges a trading fee of 0.1% and 0.05% when using its  Binance token(BNB) to pay.

The same steps as explained with Quidax are taken when buying Bitcoin with credit/debit card.

Read more: Binance Trading Platform:- My Amazing Review

Visit SiteCreate Account

4. Paybis

Paybis Image

Paybis was founded by Inokentijs Isers and Arturs Markevics in 2014.

Konstantins Vasilenko joined the company and became its Chief Operating Officer(COO) in its early years.

It has a total of 200,000+ transactions completed and over  195,000  customers.

Its services are supported in almost every country apart from the ones mentioned here.

Payment options include Credit/Debit Cards:

  • Cryptocurrencies
  • Fiat currency( USD, EUR, GBP)
  • Bank transfer (SEPA, Wire)
  • Online currencies( Skrill, Netteller, PerfectMoney, Payeer, Advanced Cash)

Read also: Paybis Review: 7 Key Things to Know About  This Digital Currency Exchange

Visit SiteCreate Account

5. Changelly

Changelly logo

Changelly is another exchange that accepts payment with credit/debit cards.

Founded in 2015, the company acts as an intermediary between cryptocurrency exchanges and users.

It offers access to 100+ cryptocurrencies and has Eric Benz as its CEO.

Changelly is in partnership with MyEtherWallet, Exodus, Huobi Wallet, Binance, BRD, Edge, Coinomi, Trezor, Ledger, Enjin, and other well-known players in the crypto industry.

The processes for making purchases are the same as the one explained above and the company does not have a fixed currency rate owing to the volatile nature of cryptocurrencies.

However, Changelly offers the best available rate at the moment of a transaction and charges a commission fee of 0.25% for crypto-to-crypto swaps.

Note that fiat transactions in Changelly are processed by its partners and has some limitations that you should note.

For example, Simplex limitations (for purchasing BTC, LTC, BCH, XRP, ETH):

  • First transaction: from $50 to $10000
  • Daily limit: up to $20000
  • Monthly limit: up to $50000

Indacoin limitations (except for Bitcoin, Litecoin, Bitcoin Cash, Ripple, Ethereum):

  • Current limits for first purchase are up to 3000 USD/3000 EUR per payment, up to 10k a day, but not over 15k per week or 30k per month.

Getting interesting, isn’t it?

Let’s continue.

Visit SiteCreate an Account

6. Coindirect


Coindirect is an exchange that is based in South Africa and has been existing since 2018.

The company has continually upgraded on the services it provides as it now supports Bitcoin and over 30+ altcoins.

The exchange users pay the following fees:

  • Conversion fees for wallets and market place (0.25% for both Crypto- Crypto trades and other trades)
  • Market place fees (0.00% for customers and 1.00% for vendors)
  • Credit Card fees (1.99% for Nigeria and 3.99% for other countries)

Fiat withdrawals take up to 5 working days for bank transfers to go through but crypto withdrawals are instant.

The processes involved are the same as the ones explained in the video

And that’s how Coindirect works! Don’t take off the seat belt yet…….There’s one more to go.

Visit Site Create Account

7. BuyCoins

BuyCoins logo

Another one of such exchanges is BuyCoins.

BuyCoins is a service that allows users to trade cryptocurrencies instantly.

Currently based in Lagos, Nigeria, it caters to Nigerians who have an interest in trading cryptocurrency.

With a BuyCoins app, you can buy, sell, send, and store Bitcoin, Litecoin, and Ethereum at your own convenience.

Just as explained with Quidax, it follows the same processes to purchase Bitcoin with your credit/debit card.

Its payment processing fee is 4% of the total amount to be paid +N50.

The maximum processing fee is N2,050 i.e all payments worth N50,000 and above will have N2,050 as its payment processing fee.

It uses Paystack as its payment processor.

Visit SiteCreate an Account


And this is going to be the very last part…the part where you can officially loosen the seat belt

Having followed through to the end, you have things to say… or maybe questions.

Now let me know…Have you made a choice yet?

Do you still have any questions pertaining to the post?

Or did I miss anything?

Tell me in the comment section below.

Also check out: 10 Best Exchanges to Buy and Sell Cryptocurrencies in Nigeria

Give us a share if you enjoyed reading this post.


  1. Samuel

    What of if I transfer from my barter account then to the exchanger

    • Chiamaka Atueyi

      Hello Samuel,
      Yes, you can do that if the exchanger supports that method for payment.

  2. John ayomide

    Does payed accept Nigeria mastercard

    • Chiamaka Atueyi

      Hello John,
      Do you mean Paybis?
      For now, no exchange supports the use of Nigerian debit/credit following the CBN crypto ban.

  3. Mike

    Hello Mr Jude. Is there any way I can buy BTC directly on simplex. Will it work if I use my GTB naira Mastercard.
    Thank you.

    • Chiamaka Atueyi

      Hello Mike, It will only work on exchanges that support that service.

  4. Paul

    Please can I buy coin with my NGN master card on Binance?

    • Chiamaka Atueyi

      No, only through P2P

  5. Eniekeye

    Which of the platform did you think is good buy Bitcoin with my card

    • Chiamaka Atueyi

      I’m afraid you will not be able to purchase Bitcoin with your card in Nigeria because of the CBN Crypto ban.

      You can buy BTC from any of these P2P platforms.

  6. Joachim

    Pls how di I get a dollar master

    • Chiamaka Atueyi

      Hello Joachim, visit your bank for that, please.

  7. Igwe

    Please can I buy Bitcoin with simplex with my NGN master card

    • Chiamaka Atueyi

      Yes, please, as far as the platform you are using supports it.

  8. seyi

    good evening i want know whether i can use my master card to purchase coin from Binance directly?

    • Jude Umeano

      Yes, but it is only your dollar mastercard

  9. Eze

    Is there any way to still do arbitrage trading in Nigeria

  10. OlaBit

    Please have been try to buy Bitcoin from CEX.IO but is not going through is saying card error and am using MasterCard both my UBA and GTB

    • Jude Umeano

      It’s the Nigeria factor. You cannot buy crypto with Nigerian card

  11. Lekan

    I have been trying to buy Bitcoin with my ATM cards through Simplex (Kucoin) but it keeps failing.

  12. Adeyemi ibrahim akanji

    Sir Flutterwave dollar rate is too high and I can’t make profit with that doing arbitrage and also buying with naira at binance the bitcoin they will provide is too small which cause loss for me…..Now to do arbitrage now is too hard

  13. Umar Mohammed

    Please I need help. It looks like my Zenith bank debit card was limited to making only $200 foreign transactions MONTHLY. So, I can buy crypto worth of only $200 every month which is too small for me. Please I need to know which bank’s card is the best with some higher limits?

    • Jude Umeano

      GTB is $500,

      However, flutterwave processes your card transaction on Luno so this limit does not hold
      secondly, you can do bank transfer on quidax and Binance up to 20 million naira.

  14. Adeyemi ibrahim akanji

    Thank you sir for your reply, in buying with credit card…which card do you normally use in buying because Nigeria bank card is frustrating always bring error….I dont know if you have any online card to use and buy card

    • Jude Umeano

      Naira Visa and Master card work perfectly well. Make sure the name on the card is the name you used to open the exchange account and also make sure that address is the same address you used to open the bank account.

  15. Adeyemi ibrahim akanji

    Thank you for your reply, which exchanger to do that and do you recommend it

    • Jude Umeano

      Any exchange the opportunity arises. quidax, Binance, Luno, Remitano etc.

      However, those opportunities are becoming quite rear.

      and you have to do good volume to profit from it considering the transaction charges.

  16. Adeyemi ibrahim akanji

    How to buy coin in one exchange and sell in another exchanger for profit

    • Jude Umeano

      Its called arbitrage trading. If you spot a price difference between two exchanges, you can buy from one and sell on the other. before you doing so, you have to take note of the transaction charges, note the trade volume of the pairs in the exchanges. with this, you will know the amount you have to spend to make a profit.

  17. okafor. ib

    Please has anyone bought Bitcoin from Simplex (via KuCoin) before. They keep declining my card – i have tried access bank, first bank and sterling. The card is still declined. If anyone bought was the card charged in naira or naira equivalent of USD

    • Jude Umeano

      Is your card a Visa or Master Card?

  18. winifred okpanku

    Hi please I can’t deposit on luno it keeps telling me to enable cookies which I’ve done

    • Jude Umeano

      It must be an issue with your phone. Make sure the date on your phone is correct and then try again or try another phone.

      You can contact the customer care or try quidax

  19. Josh

    Please Jude can I buy bitcoin from debit card without Otp on paybis or binance? Reply asap

    • Jude Umeano

      You most likely can’t

  20. Josh

    Please I need your help how can I buy bitcoin with debit card without Otp verification on this linkkoin, binance or paybis ??

    • Jude Umeano

      You most likely can’t OTP is a security feature to make sure the card belongs to you. It’s for your safety


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Chiamaka Atueyi
Content writer at Nigeria Bitcoin Community. Whether as a member of my high school Press club or part of the Scriptwriters in my community, I've been on a writing path from the start. The reason? I like keeping people informed.