Bitcoin was introduced in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men, no banks! Bitcoin started gaining relevance when it could be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But the hype that drove it higher was about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

The beauty of bitcoin is that it can be used to buy merchandise anonymously. This helped alot in international payments because it is easy and cheap and are not tied to any country or subject to regulation. Small businesses appreciate them because there are no credit card fees. Some people basically just buy bitcoins as an investment, hoping that they’ll go up in value.

HOW TO BUY BITCOIN
Buy on an Exchange
Many marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. In Nigeria we are the leading platform for exchange of all kinds of cryptocurrencies. Follow this link and have a quick chat with us /PWhatsAppChat

Mining
People compete to “mine” bitcoins using computers to solve complex...
Read more: https://patricia.com.ng/what-do-you-know-about-bitcoin-in-nigeria/