As with other cryptocurrencies, in order to buy and sell Ripple’s XRP cryptocurrency in Nigeria, you must go through an exchange or broker. Buying XRP in Nigeria requires you have access to a cryptocurrency exchange that allows Nigerians to register and that offers Ripple’s XRP. If you want to purchase XRP directly, you will probably need to register with an exchange and then obtain a unique crypto wallet to buy and sell XRP from and to store your cryptocurrency.

On the other hand, if you decide you simply want to trade XRP to make money on the movements of the cryptocurrency, then you can forego registering with an exchange or getting a crypto wallet. In order to trade XRP and retain full control over your transactions, you must withdraw them from the exchange or another source to a personal cryptocurrency wallet. This mobile cryptocurrency wallet offers a single platform with over 278 cryptocurrency wallets and tokens, as well as the ability to exchange currencies at no cost.

Ripple charges 20 units of XRP to withdraw the cryptocurrency to a wallet as a reserve requirement. Note that only one seller (Soki Briggs) and no buyers of XRP appear on this list: Besides NGexchanger or Naira2USD or an international exchange, you can walk into either of the Nigerian exchanges with paper currency and buy the cryptocurrencies you want. If you want to avoid the expense of a wallet and simply trade CFDs on XRP without taking possession of the cryptocurrency, you can open an account with an online broker such as XTB. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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