How to buy Gnosis (GNO) coin in Nigeria using P2P in 2021

joseph Gideon
3 min readApr 27, 2021

As we all know about the recent ban of cryptocurrency in Nigeria, which has currently made it impossible for us to buy bitcoins or other coin using our debit cards as the means of exchange or directly from local bank account. This has in turn made crypto affairs in Nigeria frustrating as investors accounts are being freezed and has also affected the means of buying bitcoin in Nigeria. A lot of investor buying coins online have no choice than to buy coin the old fashion way which is autonomic. Within the short period after the ban, so many people have been scammed by dishonest fellows who are determined to defraud those who wants to buy bitcoin and this put the victims to choose between two equally unpleasant course of action.

Back to business, what is Gnosis?

Groomed from Ethereum as a decentralized approach, Gnosis is a forecast market platform and a Dutch exchange. This has helped in gathering information from price prediction to governing policies. With this coin, an average is able to place a bet in forecast market and even build theirs using Gnosis platform.

Gnosis came into existence when two college friends, Martin Kopelman and Stefan George, had an idea for a decentralized prediction market. Prediction markets are markets created for the purpose of betting on the outcome of events.

Currently Gnosis has two tokens: GNO and OWL. The GNO were sold during their ICO and is capped at 10 million (they are the ones being traded on the open market). OWL tokens are received if you stake your GNO. The supply is determinate on their worth and will be adjusted accordingly — always keep them at $1USD.

How to buy Gcoin?

Since the best way to buy any coin in Nigeria is P2P, for those who care to know, P2P is an escrowed crypto exchange where crypto buyers meet crypto sellers without the fear of been ripped or your account being frozen. To purchase GNO, you need to use either bitcoin or Ethereum. One of the few trusted platforms to buy bitcoin using p2p is Coinbase . You can then transfer the bitcoin or Ethereum to Binance or Kucoin to purchase Gcoin (GNO).

Why invest in Gcoin?

The Gnosis team’s aim is to build the world’s most efficient forecasting tool. With the numerous profitable applications that their market prediction model has Gnosis has great opportunity to go far. The team is good at hitting their objectives while keeping building quality products.

Here are also some advantages of investing in Gcoin

Whenever you purchase Gcoin, thoughts or worries about inflation is out of the line.

Nobody will know you have coins in your possession except if there’s is the need to tell them

If any other investment starts to decrease in value, gold goes up!

In the case of massive devaluation, it very possible to use coins to buy and sell goods. Already happening in some other countries.

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