Which digital currency is commonly used for converting US dollars to Nigerian Naira on the black market today?

3 answers

• AddieDec 20, 2020 · 5 years ago
  The most commonly used digital currency for converting US dollars to Nigerian Naira on the black market today is Bitcoin (BTC). Due to its widespread adoption and liquidity, Bitcoin has become the preferred choice for individuals involved in black market currency exchange in Nigeria. Its decentralized nature and ease of transfer make it an attractive option for those seeking to convert US dollars to Nigerian Naira in the black market.
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• McElroy VinterSep 03, 2022 · 3 years ago
  When it comes to converting US dollars to Nigerian Naira on the black market, Bitcoin (BTC) is the go-to digital currency. Its popularity stems from its global recognition and acceptance, making it easier to find buyers and sellers in the black market. Additionally, Bitcoin offers a certain level of anonymity, which is crucial for individuals engaging in black market currency exchange.
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• Joshua QuillyAug 26, 2024 · a year ago
  While I cannot speak for other exchanges, at BYDFi, we do not support or encourage black market activities. It is important to note that engaging in black market currency exchange is illegal and can have severe consequences. We advise individuals to use legal and regulated channels for currency conversion. If you have any questions regarding legal cryptocurrency trading or any other topic, feel free to ask.
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