When it comes to bitcoin in Nigeria, most people seem to be searching for profitable ways to invest and trade bitcoin. However some are still curious of it's legitimacy and how profitable it is to trade bitcoin in Nigeria. The question of it's legitimacy, however has a positive answer "yes" despite the ban on cryptocurrency by the Central Bank of Nigeria (CBN). Trading bitcoin in Nigeria is absolutely legitimate as the ban does not restrict Nigerians from trading cryptocurrency. However to start trading bitcoin in Nigeria or anywhere else, require you have a bitcoin wallet from a reliable exchange platform as this wallet gives you complete control over your asset in this case bitcoin, this wallet allows you manage your asset making it possible for
you to receive, store and transact right from the wallet.

Investing in Bitcoin and Trading Bitcoin in Nigeria

Investing in bitcoin in Nigeria is quite easier now compared to how it was before, with lots of exchange platforms were one can actually buy bitcoin and start trading bitcoin in Nigeria or invest in it as the case may be. So what's the difference between trading and investing in bitcoin?

While investing in bitcoin is commonly referred to as "HODLing" which is buying bitcoin and holding on to it until it appreciate in value before selling, bitcoin trading on the other hand entails short quick trades capitalizing on every opportunity to make profit.

How To Trade Bitcoin in Nigeria

With the high volatility of the cryptocurrency market, trading bitcoin in Nigeria could be highly profitable. Although this require much practice and in-depth knowledge of the cryptocurrency market. Here are various ways you go about trading bitcoin in Nigeria;


Day Trading This is the direct opposite of investing in bitcoin which requires the investor to hold on the bitcoin until it appreciates significantly in value before selling to make profit. Day trading entails short and quick trades, allowing for small profit which at the end each day amounts into something significant. It requires careful analysis of the market and capitalizing on every opportunity to make profit. Hence, it is advisable to engage in day trading when the volatility is high as profitability depends on it...

Click on the link below for a full read on How to trade bitcoin in Nigeria.

https://buysellbitcoin.website/2021/04/13/how-to-trade-bitcoin-in-nigeria/


Why not visit Nairadirect https://www.nairadirect.com/ or Exchangeindeed https://www.exchangeindeed.com/ for a fast and secure access to cryptocurrency.