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RE: Crypto Academy Contest / S7W1 - Practical Guide on the best way to buy STEEM in Nigeria
@temitopef It sounds like buying Steem in Nigeria is relatively easy, with the main difficulty being how to obtain the assets that can be used to purchase Steem, such as USDT, BUSD, BTC, ETH, and LTC. Additionally, you mention that there can be some difficulty when depositing Naira, which is the official currency of Nigeria, to buy these assets or convert them to Steem.
Yes, depositing funds directly from our local bank is restricted by the government because they are not in support of cryptocurrency, one has to deposit using a card/bank deposit through Cashlink or better still use the P2P trading.
I understand that in your country, the government has restrictions on depositing funds directly from a local bank into a cryptocurrency account. You mentioned that one alternative is to use a card or bank deposit through Cashlink, and another option is to use peer-to-peer (P2P) trading. These are both ways to deposit funds into a cryptocurrency account despite the government restrictions.