Ghanaian Crypto platform Mybitstore has expanded its operation into Nigeria to boost the trading of Bitcoin within the Nigerian Web3 ecosystem and Africa at large.
MyBitstore offers its users a unique local payment integration that enables users to trade Bitcoin in local currencies.
The strategic move by the team behind the platform underscores its commitment to providing secure, seamless, and efficient cryptocurrency trading solutions to a very important African market.
Nigeria was just recently named by Chainalysis to be among the top 10 countries in the world in terms of crypto adoption confirming the Nigerian market as an important player in the global cryptocurrency movement.
MyBitstore hopes to address the increasing demand for digital assets in Nigeria by providing a trustworthy platform where users can buy and sell Bitcoin.
Unique Offers
At the core of Mybitstore’s offer to its clients is a familiar trading experience that involves features like bank transfers and mobile payments, Buying crypto assets in local currency through its local payment integration, and ensuring that deposits and withdrawals are both familiar and convenient.
Mybitstore’s platform also leverages the existing payment systems in Nigeria, making it easier for users to conduct transactions in their preferred and trusted manner.
The platform also comes in handy for crypto newbies by providing educational resources that simplify bitcoin trading arming its users with needed information to prosper in crypto trading.
Referral Program
Mybitstore provides its users the opportunity to earn rewards by inviting their friends to join the platform. This feature leverages the strength of the community to promote the platform while making it a potential source of income for its users.
Competitors
MyBitstore will have to compete with other crypto platforms with local payment integrations like Yellow Card, Busha, and Quidax for clients.
Nigerian Web3 enthusiasts have a penchant for foreign crypto platforms due to their perceived security and global reach. This is a challenge Mybitstore and other crypto platforms of African origin will have to deal with as they fight for a share of the lucrative African market.
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