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5 Things You Need To Know About Bitcoin In Nigeria - Business - Nairaland

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5 Things You Need To Know About Bitcoin In Nigeria by bitcoin4africa: 1:25am On Jun 03, 2016
SOURCE: https://btc.ng/bitcoin-guide/5-things-you-need-to-know-about-bitcoin-in-nigeria/


What is Bitcoin?

The first question which comes to the mind of most but once answered can lead to you deciding whether the digital currency will be able to meet your needs be they for consuming or investing. Bitcoin can be likened to the Naira on many levels. Having a wallet which is similar to the bank account you may have for your Naira, allows for easy but secure access to your money on demand. The Bitcoin is a currency in its own right and you can buy from a local exchange such as NairaEx and use it identically as you would the Naira sending and receiving. It also has incorporated the Blockchain which is a framework allowing you to keep track of transactions and increasing the overall transparency as you know exactly where your money went and how much.


The Bitcoin Price?

Bitcoin price is fairly stable and reliable for consumers. Holding value is a key factor when choosing whether to invest or hold Bitcoin as when you compare it to the Naira, Bitcoin is much more stable with a solid exchange rate so long term holders are unlikely to see a crash in value while Naira users are particularly susceptible to political movements and commodity price changes. However for investors shorting Bitcoin is particularly beneficial as with a number of exchanges you can buy cheaply and sell at profits within a matter of minutes as exchanges such as NairaEX offer some of the most competitive rates on Bitcoin. Purchasing Bitcoin will also allow you to delve into trading alternative cryptocoins which are much more volatile but mirror Bitcoin in terms of economy.

How to get a Bitcoin wallet?

As mentioned in a previous article signing up for a Bitcoin wallet is easy when done on the web. Web wallets such as Blockchain.info have become popular lightweight alternatives to downloading the whole Bitcoin application core. Navigating to the Blockchain.info website at the top you can select to create a new wallet. Within a few minutes through the guided prices you can choose your own password and are eventually greeted by the dashboard which shows all incoming and outgoing transactions as well as our balance.

Where to buy Bitcoin in Nigeria?bitcoin in nigeria

Bitcoin can be brought peer to peer from other users around Nigeria but for added security and a premium rate for you Naira, www.nairaex.com has been recommended as the best exchange in Nigeria currently offering unbeatable rates on your Naira when converting. Boasting delivery times within a matter of hours, the service has been recognized as a valuable platform for beginners in Nigeria looking to purchase Bitcoin initially to experience it on a daily level.

What to use Bitcoin for…

Bitcoin can be used for a whole host of things, buying jewellery paying bills and most importantly to complete remittances. Remittances via Bitcoin have become a talking point as due to their fast and cheap nature Bitcoin transactions can safely transfer your money abroad at under 200 Naira. The NairaEx exchange currently allows for integrated remittance competition as you can directly send Naira as Bitcoin abroad and receive Bitcoin as Naira within a matter of days to your bank account via the NairaEx service!

2 Likes

Re: 5 Things You Need To Know About Bitcoin In Nigeria by Cotton(m): 5:54pm On Jun 16, 2016
Considering the current economic/forex situation, is this information still valid as per being able to buy and sell with ease?
Re: 5 Things You Need To Know About Bitcoin In Nigeria by esdee108(m): 9:12pm On Oct 13, 2016
Need cash to invest in bitcoin ? I'm offering small loans to that effect. Message me on 09094620221 today!

1 Like 1 Share

Re: 5 Things You Need To Know About Bitcoin In Nigeria by bobfash(m): 10:48pm On Nov 30, 2016
Get affordable Bitcoin anywhere in Nigeria.... call or whatsapp me 08073103001
Plus...... I also have 3 great businesses you can do with bitcoin and get financially empowered. contact me!

2 Likes

Re: 5 Things You Need To Know About Bitcoin In Nigeria by Dclique(m): 6:12pm On Dec 12, 2016
Bitcoins are the FUTURE! Read Top site that Buy and Sell Bitcoin in Nigeria and How to Open Blockchain Bitcoin Wallet for Payment transactions
Re: 5 Things You Need To Know About Bitcoin In Nigeria by Fashlily147: 7:24pm On Dec 12, 2016
pls i need some one to tell me how to convert bitcon to cash in nigeria

1 Like

Re: 5 Things You Need To Know About Bitcoin In Nigeria by DrNelson007(m): 11:29am On Dec 13, 2016
op pls list all the companies in Nigeria that accepts bitcoins

2 Likes

Re: 5 Things You Need To Know About Bitcoin In Nigeria by djemillionia: 3:04pm On Dec 17, 2016
interesting
Re: 5 Things You Need To Know About Bitcoin In Nigeria by jozzee1(m): 3:49pm On Dec 17, 2016
Never put all your eggs in one basket. Look for other means of making money for yourself.
Check my signature.
Re: 5 Things You Need To Know About Bitcoin In Nigeria by Sabtoaelect: 5:58am On Dec 20, 2016
The Truth About TBC 9thebillioncoin)....PLEASE READ!!!
***IMPORTANT CRYPTOCURRENCY FACTS***
BTC = *BITCOIN*
TBC = *THE BILLION COIN*
1. BTC takes 10 mins. to 30 mins. for Confirmations whereas *TBC* takes only 2 mins. to get your Transaction Confirmed
2. BTC has only 21 Million Coins whereas *TBC* has 1 Billion Coins
3. BTC took 3-4 years to get the people attention but *TBC* is already much more popular in just 8 months
4. Current BTC Supply in the Market is just 15.9 Million & the rest 5.1 Million will get generated in next 125 years wheres *TBC* Current Supply in the Market is 500 Million & next 500 Million generation has already got started
5. The price of BTC is dependent on the market but the price of *TBC* gets increased 1% - 5% daily depending upon the number of new Members joining the *TBC*
6. The price of BTC could even hit as Low as 1$ or as high as 1 Million $ but the price of *TBC* will never come down & in October 2017 the price of 1 *TBC* will be 1 Billion $ per *TBC* Coin
Investing in BITCOIN is GOOD but investing in *TBC* is better!
Contact me to get your TBC today @ #5,000 father christmas price. The more you buy the more discount you get, 50000thebillioncoins available
07011746718

1 Like

Re: 5 Things You Need To Know About Bitcoin In Nigeria by djemillionia: 8:54pm On Dec 26, 2016
k
Re: 5 Things You Need To Know About Bitcoin In Nigeria by bravomd(m): 9:00pm On Dec 26, 2016
JOIN THE BITCOIN CLASS TO LEARN HOW TO MAKE MONEY WITH BITCOIN >>>> https://www.nairaland.com/3535728/all-bitcoin-how-make-money

1 Like

Re: 5 Things You Need To Know About Bitcoin In Nigeria by y4code(m): 12:55am On Dec 27, 2016
britneyknox99@gmail.com 07033818556
Re: 5 Things You Need To Know About Bitcoin In Nigeria by kingoloj: 1:41pm On Dec 27, 2016
Bitcoins prices predicted to reach 1BTC = $1000 by the end of 2016 and to reach 1BTC = $10,000 in next 3 years.
Please read full article
https://www.bitkonga.com/bitcoins-prices-predicted-to-reach-10000-in-3-years/
Re: 5 Things You Need To Know About Bitcoin In Nigeria by aremzyolly(m): 3:57pm On Feb 02, 2017
To buy your BTC @ 510/$ now ... call or whatsapp 07031234637. I Fund fast !!!
Re: 5 Things You Need To Know About Bitcoin In Nigeria by oyatz(m): 7:41pm On Feb 02, 2017
I smell FRAUD







quote author=Sabtoaelect post=52087620]The Truth About TBC 9thebillioncoin)....PLEASE READ!!!
***IMPORTANT CRYPTOCURRENCY FACTS***
BTC = *BITCOIN*
TBC = *THE BILLION COIN*
1. BTC takes 10 mins. to 30 mins. for Confirmations whereas *TBC* takes only 2 mins. to get your Transaction Confirmed
2. BTC has only 21 Million Coins whereas *TBC* has 1 Billion Coins
3. BTC took 3-4 years to get the people attention but *TBC* is already much more popular in just 8 months
4. Current BTC Supply in the Market is just 15.9 Million & the rest 5.1 Million will get generated in next 125 years wheres *TBC* Current Supply in the Market is 500 Million & next 500 Million generation has already got started
5. The price of BTC is dependent on the market but the price of *TBC* gets increased 1% - 5% daily depending upon the number of new Members joining the *TBC*
6. The price of BTC could even hit as Low as 1$ or as high as 1 Million $ but the price of *TBC* will never come down & in October 2017 the price of 1 *TBC* will be 1 Billion $ per *TBC* Coin
Investing in BITCOIN is GOOD but investing in *TBC* is better!
Contact me to get your TBC today @ #5,000 father christmas price. The more you buy the more discount you get, 50000thebillioncoins available
07011746718[/quote]

1 Like

Re: 5 Things You Need To Know About Bitcoin In Nigeria by BiTmAnn(m): 8:12pm On Feb 02, 2017
PLS tear that your CV and go to work.

My favourite quote from Bill Gate before we start:

If you are born poor, you have your parents to blame.But if you die poor, you have yourself to blame

WARNING:
= IT IS FREE BUT WITH DEDICATION

= IF YOU ARE LAZY THIS IS NOT FOR YOU BECAUSE IT REQUIRES CONSISTENCE AND PATIENCE.

= IF YOU A STUDENT,PLS I WON'T ADVICE U TO INVOLVE UNLESS YOU ARE READY TO SACRIFICE YOUR STUDY TIME.

=IT IS NOT A GET RICH QUICK VENTURE BUT I WILL ASSURE YOU WITH HARD WORK AND CONSISTENCE 1BITCOIN IS YOURS BY END OF 2MONTHS.

=PLS YOU MUST TAKE THIS AS A JOB AND YOU WILL HAVE NO COURSE TO LOOK FOR WORK.
=

MY AIM:
1. Is to show you the secret of SATOSHING to gain financial freedom

2. To achieve my personal target of 1MONTH for 1BITCOIN through you registering with my refferal links which I strongly advice you to promote yours immediately you start to achieve your 1BITCOIN before 2MONTHS.


Pls if you are interested, leave your mail or just box me at oyibodiiyke@gmail.com let me foward the info and the trusted sites.To avoid ban , otherwise I would hv posted it here.ONLY THOSE WHO ARE READY TO WORK.

1 Like

Re: 5 Things You Need To Know About Bitcoin In Nigeria by Jeter85: 1:33am On Mar 15, 2017
*These Facts Will Make You Very Wealthy In 2017?*


Do you know that bitcoin is the highest valued currency in the world today? 

It's value is higher than Dollars, Pounds, Euros, Naira, Ghana CEDI's, Yuan, etc


Do you know that 1bitcoins is currently equivalent to over *$1,140 (N530,000 naira)*


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


Do you know that by the end of 2017 1bitcoins will be equivalent to over $2,000 (over N1,000,000)?


What if you could be earning just 2 to 4 bitcoins per month, what difference would that make in your life?


Do you also know that you can earn well over 500bitcoins (over $500,000) bitcoins within a space of 1year by starting a part-time bitcoins home-based business?


Would you love to earn at least 2 to 4 bitcoins (over $2,000 to $4,000) per month? 


Join me on Whatsapp today by 12pm or 4pm (choose your time) as you will be exposed to the secret of earning bitcoins on a daily, weekly and monthly basis just by working with your phone and the social media.


One of our best bitcoin millionaires will be sharing this secret idea with everyone who will be part of this meeting today.. And I have reservations for just 10 people.


I know what you are thinking now; (impossible! Right?).


That was my response too when I was first  told. Why not find out for yourself by joining us on Whatsapp today (You don't have to leave your abode).


Reply 'YES' If you would love to be a part of today meeting. Send your "yes" to whatsapp 08036934781


Bitcoin money spending, and i'm loving it...☺☺
Re: 5 Things You Need To Know About Bitcoin In Nigeria by planet06x(m): 4:49pm On Apr 20, 2017
The best way to buy bitcoin in Nigeria now is through this website called BitFlip Ng https://bitflipng.com/buy-bitcoins

They even provide a wallet service for you to receive you bitcoins. You can also send request to an email address requesting payment for services with bitcoins.

It is one of the best services out there. And its made exclusively for Nigerians!
Re: 5 Things You Need To Know About Bitcoin In Nigeria by chukzyfcbb: 7:08pm On May 22, 2017
planet06x:
The best way to buy bitcoin in Nigeria now is through this website called BitFlip Ng https://bitflipng.com/buy-bitcoins

They even provide a wallet service for you to receive you bitcoins. You can also send request to an email address requesting payment for services with bitcoins.

It is one of the best services out there. And its made exclusively for Nigerians!
have you sold bitcoins to that website bitflip before?
of yea how long did it take to get ur payment?
Re: 5 Things You Need To Know About Bitcoin In Nigeria by 9Ace: 11:29am On Jul 12, 2017
get ur tbc at a ridiculous price that will leave jaw-dropped, special offer available for resellers aswell call or whatsapp 08133721021
Re: 5 Things You Need To Know About Bitcoin In Nigeria by hardenmajor12: 9:45pm On Aug 02, 2017
Join the Paxful School Facebook Group.

Where anyone can go from not knowing what a Bitcoin is
to being a Bitcoin Pro trading on Paxful in no time.

https://www.facebook.com/groups/PaxfulSchool/

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