Nigeria is now the No.2 Bitcoin market in the world. Because of the fluctuating official and parallel currency rates between the Nigerian naira and the US dollar, there is a rising possibility and practical use case for Bitcoin commerce in Nigeria. P2P exchanges, which are decentralized platforms that link buyers and sellers directly without the involvement of a third party, are the most popular means of purchasing Bitcoin in Nigeria since consumers do not have to be concerned about government regulation of cryptocurrencies.