Basically, blockchain-based financial infrastructure is no news, as most crypto companies have looked beyond launching coins, to actually designing actual payment infrastructures. This is in a bid to transform global transactions as we know them today. Celo is one of the prominent global payment platforms for crypto that targets mobile users. Additionally, the Celo Dollar (cUSD) is a stablecoin that follows the US Dollar and is native to the Celo blockchain’s reserve system. This article discusses how to buy Celo Dollar (cUSD) in Nigeria at the best price.
What is Celo used for?
Celo can be used to make payments globally. Basically with their infrastructure, sending payments is as easy as sending a text to anyone with an internet connection globally. The Celo infrastructure connects phone numbers to wallet addresses through a novel decentralized address-based identity layer. Users can also earn rewards for maintaining and securing the system, hence its decentralized setup.
Basically, the Celo Reserve is an array of smart contracts that makes use of a portfolio of cryptocurrencies to contract and expand the supply of cUSD.
Interesting Read – How to buy Polygon Matic on Bitmama
Step-by-step guide on how to buy Celo Dollar (cUSD) in Nigeria
The steps below outline how to buy Celo Dollar (cUSD) in Nigeria on the Bitmama app.
Purchasing Celo Dollar (cUSD) directly from Bitmama (Instant order)
Follow the steps below to purchase cUSD directly from Bitmama:
1. Download the Bitmama app for Android or iOS, register and log in.
2. Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents and verify your account up to level 3.
3. Fund your Bitmama wallet with the sum you wish to purchase cUSD by selecting “Fund” on the homepage and following the process.
4. Return to the homepage and, select “Buy”.
5. Select cUSD from the drop-down menu offering the types of crypto you can purchase.
6. Select the wallet you wish to be debited from (Naira, Cedis or Shellings).
7. Crosscheck all the relevant details and select “Buy” if it checks out.
8. Lastly, your Bitmama crypto wallet will be credited instantly with the purchased cUSD.
Purchasing Celo Dollar (cUSD) from the Bitmama P2P exchange
Follow the steps below to purchase cUSD from Bitmama P2P exchange:
1. Download the Bitmama app for Android or iOS, register and log in.
2. Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents and verify your account up to level 3.
3. Select “P2P” in the bottom menu on your screen
4. Lastly, proceed to browse the available listing and choose the cUSD deal that works for you. Select “Buy” to initiate the transaction and complete the process.
4. Proceed to browse the available listing and choose the cUSD deal that works for you. Select “Buy” to initiate the transaction and complete the process.
Check this out – How to buy Ripple (XRP) in Nigeria instantly on Bitmama
As the best crypto exchange app in Africa, Bitmama offers a secure marketplace for crypto enthusiasts to trade cUSD and other types of cryptocurrencies.
Perform activities like crypto exchange, crypto staking, and creating virtual dollar or crypto cards for online payment. Get started today by downloading the Bitmama app on Android or iOS.
