Bitcoin is an innovative payment network. It is also a new type of currency. You might want to know more information about this new payment. Keep reading and learn about Bitcoin investment in Nigeria.

It is easier to explain what is Bitcoin by saying "Bitcoin is money". Today, it is popular all over the world. A lot of people send money to their relatives, families and friends using this amazing form of money. Besides, you can also receive payment through Bitcoin wallet.

There are some strategies for earning money with Bitcoin in Nigeria. Buying or selling Bitcoins is an easy way to make some money. It is like a stock market. You can buy it at a low cost and sell when the price has increased. Bitcoin is a volatile currency. It means that the rate can grow or fall during the day with a difference of 10-100 dollars per Bitcoin.

The reserve of Bitcoins is always limited. Nevertheless, you can invest in it for the future. Bitcoin can become an investment with high profit for Nigerian citizens mostly because of the behavior of Nigerian Naira in the foreign exchange market.

In 2015, five Bitcoins cost $1.000. This means each Bitcoin price was $200. In 2016 the situation was the same. Five Bitcoins cost $2.915 as every Bitcoin was $583. The equivalent Naira rate was N1 078 550 for five Bitcoins.

Nigerians who are engaged in business in Africa and around the world can save a lot of money on the fee for transferring money if they send it in Bitcoins. This can reduce the commission by up to 10% . Bitcoin exchange is a very useful way to save your money. It is available around the world.

Bitcoin is an international electronic currency. It does not belong to any company, state or individual. As a redult, today Bitcoin is the first decentralized means of payment in the world.