How To Buy Bitcoin in Nigeria Without ID verification (2024)

In the last couple of years, bitcoin has gained so much popularity that it is now recognised as official means of exchange in some countries such as El Salvador, the Central Africa Republic etc.

As a result, there is more government monitoring of Bitcoin, which requires its operators to be regulated. This new development has made it harder to buy bitcoin or any other cryptocurrency without identity verification.

In this post, you will learn how to buy bitcoin in Nigeria with no ID verification with the launch of Yellow Card’s Tier 0 level.

Why do people prefer to buy Bitcoin without ID verification?

People have numerous reasons for wanting to buy bitcoin without verification and we cover the most frequent reasons below:

KYC Procedures: The time needed for some exchanges to verify user identity during KYC is so great that it can take days to complete. This makes it difficult to buy bitcoin quickly.

Security of Privacy: Due to the value of bitcoin today, having some makes one a potential target of cyber or physical threats. The collapse of FTX has made many even warier of crypto exchanges. However, compliant exchanges like Yellow Card remain a good example for many others.

Location Barrier: Assuming you travel to a new country for a vacation and want to buy bitcoin, you can’t since you cannot submit data that will pass the KYC process in the new country.

Trust Issues for Cryptocurrency Exchanges: With the rate at which some companies sell user data, many choose to stay anonymous and safeguard their wealth since bitcoin is a digital currency that can be stolen without a physical trace. Yellow Card, the No. 1 crypto exchange for Nigerians, has strong protocols that protect your data from third parties.

Why Crypto Exchanges Require ID Verification

Today, crypto is globally recognised as money, and due to its financial nature, crypto exchanges are required by law to know their customers. Hence the need for verification through the KYC or Know Your Customer onboarding process.

The second reason why crypto exchanges require verification is to protect you from scams. When potential scammers send in their official data for verification, they are more careful to carry out bad acts as they will be caught easily.

Today, crypto exchanges are one of the safest ways to buy bitcoin. This verification allows for very safe and secure exchanges for bitcoin transactions.

Yellow Card is one of the safest and most reliable crypto exchanges to buy bitcoin in Nigeria. The platform offers access to a wide range of products, from crypto exchanges to easy access for payments across Africa. Yellow Card uses bitcoin technology to offer financial inclusion in Nigeria and Africa.

The Best Way to Buy Bitcoin in Nigeria Without ID Verification

Africa has recently seen a boost in crypto adoption, with Nigeria ranking among the leading nations for bitcoin use globally.

As Yellow Card leads the charge for crypto adoption in Africa, it has taken it a step further by introducing the Tier 0 level, which allows you to register on the platform and buy bitcoin instantly while you register gradually.

This notable achievement lowers the hurdles to accessing bitcoin and boosts crypto adoption for customers.

Tier 0 Features:

• Buy Bitcoin: It helps you to buy bitcoin before verification.
• Sell Bitcoin: It enables you to sell bitcoin.
• Receive Bitcoin: It also allows you to receive crypto from people.
• Provide Access: It quickly gives you access to other tokens on the platform.
• Free Wallet: Allows you to create a wallet in seconds.
• Deposit Method: Allows you to deposit some amount of money
• Customer Support: This gives you access to support as you navigate.

The Tier 0 feature is accessible for new customers to sign up and buy bitcoin instantly without hassle.

How To Buy Bitcoin Without ID Verification

1. Sign up for Yellow Card for free via the web or mobile app available on Google Play Store and App Store.
2. Deposit naira in your account
3. Buy bitcoin: You can instantly buy, sell or receive crypto at the cheapest rate.

You can also do much more on Yellow Card with higher trading limits and send or receive money across Africa when you upgrade to a higher tier by completing your document verification (KYC).

Is it safe to verify my ID before buying bitcoin? Dos and Donts

Your safety when verifying data on a crypto exchange depends largely on the exchange in use. Many have lost their life savings in crypto due to promises of no verification on crypto exchanges that eventually scam them.

Below are reasons and how to keep your data safe on legit crypto exchanges such as Yellow Card.

• The first and most important way to protect your digital currency is to choose a secure wallet. Yellow Card uses state-of-the-art security encryptions to keep your wallet and data safe.
• Secure your devices: For security, it is best not to make your data easily accessible to anyone. You can dedicate a personal phone and a personal SIM card to your online financial activities.
• Back up your data: Ensure you use a secure password manager that backs up your data to avoid theft.
• Avoid Public Wi-Fi: There is the temptation to tap into people’s open wifi in public and brows. However, it is a deliberate attempt by scammers who trap your device and scam you.
• Use Security Measures: You are advised to always use strong passwords to secure your account. Yellow Card also provides 2FA authentications that give your account extra security.

Ready to buy crypto without ID Verification?

At this point, you can see that Yellow Card is all about your safety and easy access to bitcoin, even without verification. This is a testament to the company’s mission to provide financial inclusion in Africa. With the launch of Tier 0, you can get started and buy bitcoin easily in Nigeria with no verification.

Yellow Card is a crypto exchange that allows the buying and selling of cryptocurrencies like bitcoin, USDT, etc. The platform allows you to make easy payments across Africa using Yellow Pay. The company operates in about 16 African countries and looks forward to being at every country's doorstep in Africa.

Buy Bitcoin Instantly on Yellow Card Now