Invest in Ethereum in Nigeria: Day after day, cryptocurrency is becoming increasingly popular. At first, cryptocurrency was just a break from conventional local. Currencies that we’ve always known. It is less restricted and safer than local currencies because it is digital and only exists online. At first, Bitcoin was introduced as the first successful cryptocurrency, and its success prompted the creation of other cryptocurrencies like Ethereum.
After Bitcoin, Ethereum has the second largest market capitalization in the world, with over 213 billion dollars. This only means one thing, Ethereum is highly valued in the exchange and makes for a good investment. So, if you want to invest in Ethereum in Nigeria, this article is for you.
What you should know about Ethereum before investing
Nigerians love a good investment scheme—the kind where the profits are robust and swift with low-risk value. Since the significant drop (Bear run) in crypto values in 2020-2021, many Nigerians have become quite skeptical about investing in Ethereum. This brings us to our first point.
Ethereum exchange rate is volatile
The Ethereum exchange rate is still very volatile. Before investing, it is essential to note that the value of Ethereum might not increase significantly for a while. Investing in crypto requires a lot of patience as it is a long-term investment. Eventually, your investment will pay off, but you might have to wait a while because the exchange market is unpredictable. It is why crypto enthusiasts give value projections and add its “nonfinancial advice, do your own research.”
Buy low, sell high
The best time to invest in Ethereum is when the price is low. There’s a term in cryptocurrency called “HODL,” where traders hold a coin until the price is higher before selling. If you HODL your Ethereum until the price is higher than you bought it, you will make immense profits. This means the right time to buy Ethereum is now when the rate is low. By the time the next investment cycle starts, you will have invested enough to double your wealth. Hence, buy today, and sell Ethereum for cash in the future.
However, if you need instant cash, you can sell Ethereum for naira on exchange platforms like Astro Africa and get paid instantly.
You need an Ethereum wallet
Yes! To invest in Ethereum, you’ll need an Ethereum wallet to store, buy, and sell Ethereum. By owning an Ethereum wallet, you can buy and sell crypto any time you like. The best Ethereum wallet in Nigeria is Astro Africa, and it has maximum security to protect your assets against unauthorized third parties and is free. All you have to do is sign up on the website or mobile app to become eligible for a wallet.
The best place to sell Ethereum in Nigeria
After investing in Ethereum by purchasing a volume, you can sell it for cash on an exchange platform. There are enough crypto exchange platforms to go around in Nigeria, but you can’t trust all of them. Some and safer and sells Ethereum at a higher rate than others. A platform that is safe, trustworthy, and reliable is Astro Africa.
Astro Africa is Nigeria’s best crypto exchange platform as it converts Ethereum to naira at the best rates and instantly pays its customers. The platform is safe with top security technology and has an excellent customer support team. Upon signing up on Astro Africa, you become eligible for a crypto wallet to store your Ethereum.
Astro Africa will never charge you transaction or withdrawal fees. You will get what you expect and even more when you refer your friends and receive referral bonuses. The platform is also available to Ghanaian crypto traders via the Astro website and mobile apps.
How to convert Ethereum to cash on Astro Africa
Creating an account and selling Ethereum on Astro Africa is easy because the platform has a simple and intuitive user interface that makes trading seamless. All you need is an email address and phone number to get registered.
- Create an account via the website or mobile app.
- Verify your email address using the 6-digit OTP sent to your email.
- Log into your account using your email and password.
- Click on sell crypto on your dashboard.
- Select Ethereum. You can also trade Bitcoin, BNB, and USDT for naira on Astro Africa.
- Choose your wallet.
- Enter the amount of Eth, and the Astro rates calculator will convert its value to naira.
- Read the terms of trade and click on proceed.
- A wallet address will be automatically generated with a barcode. You can copy and paste the address or scan the barcode for access.
- Click on “I have sent Ethereum” after the process, and your wallet will be credited.
Invest in Ethereum in Nigeria – Invest in Ethereum in Nigeria
