Finance

Where To Buy eNaira, Nigeria Stablecoins

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Where to Buy Nigeria Digital

It’s almost impossible for non-Nigeria residents to get digital at the moment. Only when (or if) Nigeria decides to ramp up its digital eNaira output in a full-scale launch will regular crypto investors be able to buy the state-sanctioned crypto.

Unfortunately, a lot of scams have popped up claiming that you get buy digital eNaira using an app or website. If you see any advertisements or companies claiming to let you trade digital eNaira, be careful.

As of now, 2021, most of these companies aren’t legitimate.

There’s also not that much difference between holding digital eNaira and the currency itself, like a forex trader. However, since the digital eNaira is essentially a stablecoin, its price isn’t going to fluctuate.

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It’s similar to other stablecoins, such as Tether, which is pegged to the U.S. dollar and doesn’t move at all. Unless you think the eNaira itself is going to skyrocket soon, holding its digital version isn’t going to make you rich.

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Alamu Tosin

The writer is Alamu Tosin. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact tosinalamu@gmail.com.

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