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Convert
Nigerian Naira (NGN) to Bitcoin Cash (BCH) Instantly

NGN NGN
BCH BCH
Buy Bitcoin Cash (BCH)

Purchase Bitcoin Cash (BCH) with Nigerian Naira (NGN) easily at Switchere and benefit from fast, secure transactions.

About
Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is a decentralized cryptocurrency that emerged as a fork from Bitcoin in 2017 to address Bitcoin’s scalability issues, aiming to support faster transactions and lower fees. Designed to be more efficient for day-to-day transactions, BCH increased block size limits from Bitcoin's 1MB to 8MB initially, later expanding further to 32MB, allowing the network to handle a higher volume of transactions at a lower cost. Its ecosystem includes wallet support, merchant adoption, and cross-border payments, making BCH a practical alternative for peer-to-peer digital transactions. Bitcoin Cash has also fostered a community focused on preserving the original vision of Bitcoin as "peer-to-peer electronic cash," prioritizing usability in payments over the store-of-value narrative that Bitcoin has adopted. Its robust development team continues to innovate with features such as Schnorr signatures and new smart contract capabilities, making BCH a unique asset in the cryptocurrency landscape.
Bitcoin Cash (BCH)

How to Buy Bitcoin Cash (BCH)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose NGN to BCH Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Bitcoin Cash Wallet Address

    Provide your BCH wallet address and proceed with the payment.

  3. 03

    Receive Your Bitcoin Cash

    Complete the payment, and your BCH will be sent to your wallet.

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Frequently asked questions

  • What are the most common methods to buy Bitcoin Cash (BCH) with Nigerian Naira (NGN)?

    The primary methods for purchasing Bitcoin Cash (BCH) with NGN involve using peer-to-peer (P2P) platforms on major cryptocurrency exchanges. Due to local banking regulations, direct bank transfers to exchanges can be restricted. P2P trading allows you to connect directly with sellers, using common Nigerian payment methods. This process facilitates the secure acquisition of BCH, which is known for its utility as a peer-to-peer electronic cash system with low transaction fees.

  • When using Nigerian Naira, what makes Bitcoin Cash (BCH) a practical choice for fast payments compared to Bitcoin (BTC)?

    Bitcoin Cash (BCH) is often preferred for everyday transactions due to its design as a peer-to-peer electronic cash system. As a fork of Bitcoin, it was specifically engineered with a larger block size to enable faster payment processing and significantly lower transaction fees. For users converting from NGN, this means your BCH can be moved more quickly and affordably to a personal digital wallet or used for merchant payments, enhancing its utility for day-to-day use.

  • What security practices are essential when conducting a P2P trade for Bitcoin Cash (BCH) using NGN?

    When engaging in NGN to BCH P2P trading, always use the escrow service provided by a reputable cryptocurrency exchange. This service holds the seller's BCH until you confirm payment, protecting your funds. Verify the seller's reputation and trade history. Never communicate or transact outside the platform's official channels. Once the transaction is complete, promptly move your BCH from the exchange wallet to a secure, personal digital wallet where you control the private keys.

  • After acquiring BCH with NGN, can I use it to interact with tokens on the Bitcoin Cash network?

    Yes, a key feature of the Bitcoin Cash network is the Simple Ledger Protocol (SLP), which allows for the creation and management of tokens directly on its blockchain. Once you purchase BCH with your Nigerian Naira and transfer it to a compatible wallet, you can use that BCH to pay the minimal transaction fees required to send, receive, or trade SLP tokens. This opens up an ecosystem of tokenized digital assets on the efficient BCH network.

  • What kind of KYC/AML compliance is required on exchanges for NGN to BCH P2P trading?

    Most reputable P2P platforms facilitating NGN to BCH trades require users to complete Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. This typically involves submitting a government-issued ID (like a National ID card, passport, or driver's license) and sometimes proof of address or a selfie for identity verification. This compliance is crucial for maintaining platform security and preventing illicit activities, ensuring a safer trading environment for all participants.
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