Skip to main content

Nigeria: Africa’s Bitcoin Powerhouse

Published on
22 Apr, 2025 | 15:35
Image: AI-generated for bitcoin24.com

Nigeria is leading Africa’s Bitcoin adoption — and it’s not by chance. With high inflation, a volatile national currency, and limited banking access for millions, Nigerians are turning to Bitcoin as a financial lifeline.

The country ranks among the top globally in peer-to-peer Bitcoin trading, with platforms like Paxful enabling direct transactions outside of the traditional banking system. Even as the government has tried to restrict crypto usage, adoption keeps rising, especially among the youth and small business owners.

Bitcoin in Nigeria is not a trend. It’s a movement.

Source: wirtschaftinafrika.de – Bitcoin in Afrika

Live Bitcoin price illustration with upward chart and Bitcoin logo – bitcoin24.com
Last updated:

Source: CoinGecko