Economy
How Can You Buy Cryptocurrency Online?
Cryptocurrency is the digital currency that can be used to buy goods and services. In recent months, the interest of people in this form of currency has increased many folds due to its trading for profit, with speculators at times causing the prices of cryptocurrencies to soar many times.
How much potential cryptocurrencies have?
Some people believe that some cryptocurrencies such as Bitcoin have the potential to replace the current currency system that is traded in terms of gold. Bitcoin and Ethereum are two well-known cryptocurrencies, but new cryptocurrencies are also being introduced and invested in.
Ethereum is the second-largest cryptocurrency which has gained huge potential as a long-term investment. When the legality of cryptocurrency is questioned, the monetary regulatory authority Central Reserve Bank argues that there is currently no legal framework applicable to these types of currencies.
Bitcoin, Ethereum, Ripple, EOS etc. are some of the examples of cryptocurrencies having some or more monetary value. The past four years have seen cryptocurrencies become prevalent in every region of the world.
How to buy Cryptocurrency Online?
Coming to the point of how you can buy cryptocurrency online, it can be bought through exchanges and stockbrokers, or from other owners. The risk of investing in digital assets is always kept in consideration while buying the currency as Bill Gates says that people should think wisely before investing in Bitcoin or any other cryptocurrency if they have less money than Elon Musk. This implies that everyone on this earth should invest wisely.
Where to buy cryptocurrency online?
For buying cryptocurrency online, four major steps are to be performed. Firstly, one has to choose where he or she wants to buy the crypto. They can use any of the mediums of their comfort including exchanges and traditional brokers.
How to buy Cryptocurrency at Cryptocurrency Exchanges?
Cryptocurrency exchanges are online websites that help you in buying cryptocurrency in exchange for your local currency. Payment methods used at these exchanges are bank transfer or payment through credit card. Some of them also accept Paypal. There are a lot of exchanges with different levels of security. The most common methods followed at these exchanging centres are as described below:
- First step is to register yourself with your credentials;
- Second step is verifying your identity. This can be done through your identity card, passport or driving license;
- Next step is further verification to secure your account called two-step verification.
Once you are done with the above, you can start buying cryptocurrency online on the exchange. You can buy and hold your cryptocurrency or exchange it with any other cryptocurrency.
Precautionary steps while trading online:
- Check the security of the exchange;
- Transaction fee;
- The number of payment methods available;
- The amount of time needed to activate your account;
- Checking the user reviews related to a certain exchange.
Summing it up, you can buy cryptocurrency by following the above simple steps. You should search for the best broker exchanges for cryptocurrency such as Coinbase, Coinmama, CEX.io, Bitstamp, Kriptomat etc.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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