NairaEx.com account is only for buying and selling only, Our services are designed to let you manage and retain full control of your bitcoins. You trade on this platform directly with your own Bitcoin wallet and address.


What is a Bitcoin wallet?


Similar to a digital bank account, a Bitcoin wallet is a free application that you can use to send, receive and store your bitcoins.  


Suggested Bitcoin wallet to use

  1. Blockchain.com - Is an online and mobile bitcoin wallet that support multiple cryptocurrencies. You can download the apps on your android or iphone phone.
  2. Exodus.io is a desktop bitcoin wallet you can use on your computer. 
  3. Hardware Wallet is a physical bitcoin wallet, available for purchase like Ledger or Trezor 


How do I get a Bitcoin address?


A Bitcoin address is similar to your bank account number. You can find your receiving bitcoin address in your wallet and share this bitcoin address with others in order to receive coins to your wallet. Always copy and paste Bitcoin address, do not write or type it because the character must be exact match and make sure to double check your copied address is same.  All cryptocurrency transactions are irreversible; once the coins have been sent, there’s no way of getting them back.


Example format of cryptocurrency addresses:

  • Bitcoin: A bitcoin receiving address always starts with the number 1 or 3.
  • Ethereum: An ether receiving address always starts with 0X.
  • Litecoin: A litecoin receiving address starts with the letter L or M.
  • Bitcoin cash: A bitcoin cash receiving address starts with the number 1, 3, p or q.


How do I receive or send bitcoin?


Receiving 

The Bitcoin address can be found under the button ‘Receive’. Copy the receiving address from your wallet and paste it on the NairaEx Buy order form or give it to the recipient. In some wallet, the address will automatically change once it has been used for a transaction. This is due to privacy but previously used addresses will always stay valid and linked to your bitcoin wallet.



Sending
Click on ‘Send or Withdraw’ in your wallet. Enter the receiving address you’ve copied from the recipient or NairaEx sell order. Fill in how much you would like to send, and complete.