The best and simplest definition for Bitcoin is this “Bitcoin is Money”. Yes, Bitcoin is the money of our generation and the future generations. Well, in the history of money, several object has been used to carry out transactions. Money in itself is any clearly identifiable object of value that is generally accepted for payment of goods and services and repayment of debts within a market or which is a legal tender. Bitcoin fulfills all of these. In the past, money has taken many forms like cowry shells, beads, precious metal, paper, and in our generation it is becoming digital in form of bitcoin and other cryptocurrencies.

Bitcoin is digital money; this simply means that unlike the previous form of money, Bitcoin is not anything physical. It is not physical yet more real than any form of money earlier used. It exists on a technology called Blockchain which helps to store all the information and transactions about all the Bitcoin that ever exist. The information on Blockchain can never be destroyed or manipulated. Also Blockchain cannot be controlled by one central body or government, making Bitcoin the best form of money to ever evolve. With Bitcoin, you are simply your own bank, as you can spend your money anytime, anywhere, with no restrictions whatsoever.

Recently Bitcoin has gained more popularity in the world, and even in Nigeria, people now choose to send money to their families and friends using this unique form of money. Young men and women working online now prefer to receive payment with Because of the advantage it has over ever dropping value of naira.

With this new form of money (Bitcoin) gaining popularity and acceptance around the globe, how can you as an individual benefit from it? I have tried to list a few ways to get you started.

Strategies for Making Money With Bitcoin In Nigeria

1. Trading bitcoins
Buying and selling bitcoins is probably the fastest and easiest way to try and make some money with bitcoin. Just like the stock market, bitcoin trading involves buying at a low cost and selling when the price has gone up. Bitcoin is a volatile currency which means the rate can rise or fall several times day with margin of $10-100 per bitcoin value.

2. Investments
Bitcoin like gold is scarce, this is due to the finite or limited supply of Bitcoin, there are going to be only 21 million Bitcoin ever. I mean EVER! (Out of that only about 16 million is in circulation now, as the rest are continually being mined). With bitcoin you can invest for the future. For Nigerians, Bitcoin can serve as a high profit investment, due to the behavior of the Nigerian Naira in the foreign exchange market.

Last year 5 Bitcoins was worth $1,000, because each Bitcoin was about $200. The equivalent naira rate for 5 Bitcoins was about #220,00 because each dollar was worth #220 on the black market. Fast forward a year later, the same number of Bitcoins now worth about $2,915 since the value of each bitcoin has gone up from $200 to about $583, and the equivalent naira rate for 5 Bitcoins would now be #1,078,550. Can you imagine the profit margin.

3. Remittance
Nigerians living in diaspora and those doing business across Africa, China and the world can save on money transfer fees and foreign exchange rate by sending money in Bitcoins, this would save time and reduce over 10% fees charged by several Money Transfer Operators. Bitcoin exchanges are available all over the world, allowing users to convert any currency into and out of Bitcoin.

How to Buy and Sell Bitcoin

You can exchange your Naira for Bitcoin and Bitcoin for Naira with ease in Nigeria at https://nairaex.com

In a quick summary, a bitcoin trading process involves 3 simple steps which include:

First you’ll need a bitcoin wallet – an app that lets you receive, hold, and spend bitcoin.
Open a Bitcoin trading account in Nigeria at NairaEx website on www.nairaex.com, buy your first set of bitcoins and transfer it to your bitcoin wallet. Bitcoins are divisible, you can buy as little as $10 worth of bitcoin without no extra fees.
For day trading, open trading accounts with some of the major foreign bitcoin exchanges and load it with Bitcoin funds. This will allows you to trade bitcoin directly with other fiat currencies such as USD,EURO,GBP.

Source: https://btc.ng/bitcoin-guide/how-to-make-money-with-bitcoin-in-nigeria/

Hello House

if you want to get to know more about bitcoin and how to invest your hard earned cash in it please feel free to contact me 24/7 and i'll be glad to lecture and guild you for free.
Contact: +2347038301436
Email: anowaijames@gmail.com
The Future is Bitcoin, invest now

Yours sincerely
Anowai James

08128252679 whatsapp I may have a good deal for yoj

anowai:
Hello House

if you want to get to know more about bitcoin and how to invest your hard earned cash in it please feel free to contact me 24/7 and i'll be glad to lecture and guild you for free.
Contact: +2347038301436
Email: anowaijames@gmail.com
The Future is Bitcoin, invest now

Yours sincerely
Anowai James

@op, can u pls give some of the major foreign bitcoin trading sites that u recommend?
Thanks

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Do you know that the world wealthiest men had already started investing in bitcoins?


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Bitcoin Mining App, For Android
Bitcoin has gained more popularity recently, many organizations are now accepting the crypto currency. There are many ways to earn/make Bitcoin depending on the one you can do better.

Bitcoin mining has always been the best and coolest means to make/earn bitcoin if you are with the right tools.

There are several softwares to mine btc in your pc depending on how profitable and user friendly the softwares are.

But presently there is this amazing breakthrough!
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This works perfectly like system versions, very simple and easy to use, and more expecially it makes it fun to mine with maximum profit.

If you are a miner you would say to yourself that mining BTC on PC you will not get up to #300 Naira in a month how would you mine on Android, it funny isn't.
You want to mine on PC without CPU, high quality graphic cards, you are a learner.
This version on mobile phone Have been continuing to make you 3-4$ per 5 hours mining. Believe Me or not am busy making my BTC.
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How BlockChain Can Drive Economic & Business Growth In Nigeria.

https://invoice.ng/blog/blockchain-technology-in-nigeria/

Somebody needs to read this.

https://nairabarter.com/blog/how-to-make-money-from-bitcoin-in-nigeria/

anowai:
Hello House

if you want to get to know more about bitcoin and how to invest your hard earned cash in it please feel free to contact me 24/7 and i'll be glad to lecture and guild you for free.
Contact: +2347038301436
Email: anowaijames@gmail.com
The Future is Bitcoin, invest now

Yours sincerely
Anowai James

hello sir, pls i am interested, how can i invest in bitcoin?