As history has shown, exchanges like Paxful, Local bitcoin etc are unfortunately a favorite target of hackers, where customers lost funds and sensitive information.

Below is a selection of why you should choose [url]NairaEx.com[/url] for buying and selling Bitcoin in Nigeria.
1. NairaEx doesn't keep or store customers fund: your Naira or Bitcoin are transferred to the provided customer's destination in 2 hours.
2. NairaEx has one of the largest bitcoin/Naira liquidity in Nigerian market, other exchanges only provide platform for people to trade between themselves which are unable to cater to large trades.
3. At NairaEx you deal directly with a registered Nigerian company unlike other foreign based company that offers P2P trade where customers are open to Fraudulent transaction where the other trader party can pay with a hacked bank account and the money will be reversed back.


Read experts review on NairaEx(Bitcoin Exchanger) vs other bitcoin exchange https://btc.ng/bitcoin-guide/exchanges-vs-exchangers-nairaex-vs-rest/

How to Buy Bitcoins in Nigeria

Register at nairaex.com, verify your account by sending a valid government issued ID to hello@nairaex.com
Login into your account, and click create new order below the active order on the dashboard -
Select buy and choose the e-currency you like to buy.
Fill out the amount and enter where you want us to send the currency to.
Make the deposit to the bank account on the order page within 1 hour and marked as complete after deposit. Email the proof of payment (teller, payslip, statement or transfer screenshot etc) to hello@nairaex.com and your order will be funded within 2-8 hours after your deposit has been verified.
How to Sell Bitcoins in Nigeria

Register at nairaex.com. ID Card verification not needed for sell orders.
Login into your account, click on your name on the right side and select payment info in order to add your bank account details.
Go to the sell orders and click on the create new order
Select sell and choose the e-currency you like to sell.
Select the bank account you like us to pay into and fill out the amount.
Send the e-currency to the bitcoin address or perfect money account number. Your naira will be deposited in your account within 2-8 hours.

As history has shown, exchanges like Paxful, Local bitcoin etc are unfortunately a favorite target of hackers, where customers lost funds and sensitive information.

Below is a selection of why you should choose [url]NairaEx.com[/url] for buying and selling Bitcoin in Nigeria.
1. NairaEx doesn't keep or store customers fund: your Naira or Bitcoin are transferred to the provided customer's destination in 2 hours.
2. NairaEx has one of the largest bitcoin/Naira liquidity in Nigerian market, other exchanges only provide platform for people to trade between themselves which are unable to cater to large trades.
3. At NairaEx you deal directly with a registered Nigerian company unlike other foreign based company that offers P2P trade where customers are open to Fraudulent transaction where the other trader party can pay with a hacked bank account and the money will be reversed back.


Read experts review on NairaEx(Bitcoin Exchanger) vs other bitcoin exchange https://btc.ng/bitcoin-guide/exchanges-vs-exchangers-nairaex-vs-rest/

As history has shown, exchanges like Paxful, Local bitcoin etc are unfortunately a favorite target of hackers, where customers lost funds and sensitive information.

Below is a selection of why you should choose [url]NairaEx.com[/url] for buying and selling Bitcoin in Nigeria.
1. NairaEx doesn't keep or store customers fund: your Naira or Bitcoin are transferred to the provided customer's destination in 2 hours.
2. NairaEx has one of the largest bitcoin/Naira liquidity in Nigerian market, other exchanges only provide platform for people to trade between themselves which are unable to cater to large trades.
3. At NairaEx you deal directly with a registered Nigerian company unlike other foreign based company that offers P2P trade where customers are open to Fraudulent transaction where the other trader party can pay with a hacked bank account and the money will be reversed back.


Read experts review on NairaEx(Bitcoin Exchanger) vs other bitcoin exchange https://btc.ng/bitcoin-guide/exchanges-vs-exchangers-nairaex-vs-rest/

How to Buy Bitcoins in Nigeria

Register at nairaex.com, verify your account by sending a valid government issued ID to hello@nairaex.com
Login into your account, and click create new order below the active order on the dashboard -
Select buy and choose the e-currency you like to buy.
Fill out the amount and enter where you want us to send the currency to.
Make the deposit to the bank account on the order page within 1 hour and marked as complete after deposit. Email the proof of payment (teller, payslip, statement or transfer screenshot etc) to hello@nairaex.com and your order will be funded within 2-8 hours after your deposit has been verified.
How to Sell Bitcoins in Nigeria

Register at nairaex.com. ID Card verification not needed for sell orders.
Login into your account, click on your name on the right side and select payment info in order to add your bank account details.
Go to the sell orders and click on the create new order
Select sell and choose the e-currency you like to sell.
Select the bank account you like us to pay into and fill out the amount.
Send the e-currency to the bitcoin address or perfect money account number. Your naira will be deposited in your account within 2-8 hours.

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!

To understand what smart contracts are, first of all you need to understand what a contract is. What is a contract? A contract is a binding agreement between two or more persons or parties, usually enforceable by the law. The roles of each individuals entering into the contract are well stated in the contract’s document and there is a legal side to it to make sure that the content of the contracts are upheld and not broken.

Now what is a “smart contract”?, Well a smart contract is a contract which is capable of executing or enforcing itself. Whereas a contract is written in legal language on a printed document, Smart contracts are written as programming code which can be run on a computer. This code can define strict rules and consequences in the same way that a traditional legal document would, stating the obligations, benefits and penalties which may be due to either party in various different circumstances. But unlike a traditional contract it can also take information as an input, process that information through the rules set out in the contract, and take any actions required of it as a result.

Source: https://btc.ng/market-news/dao-smart-contracts-101-in-nigeria/

[size=13pt]Nigerians are looking into Bitcoin as an alternative to traditional currencies and investments.[/size]

Bitcoin may be the tool of choice for remittance but for traders, this digital currency is quickly becoming the weapon of choice offering sizeable returns within a matter of days depending on your investment. Current volatility dictates opportunity for the short term traders looking to make split second trades and even the long term holders as the potential for a larger profit increases as we creep closer to the Bitcoin halving (where less Bitcoin will be created per block).

Commodities have always been the traditional medium for trading. Having an almost guaranteed demand they commanded a stable price. Especially for the likes of Oil which have driven the Nigerian economy well into the top 100 economies in the world. However with international tensions and activities aboard impacting the price of Oil severely over the past year, this commodity has certainly been costly to traders. However the decentralized and user controlled nature and influence Bitcoin has, allows it to remain fairly stable and protected from international laws which seldom have dramatic effects on the inherent value of Bitcoin

Bitcoin experts are strongly recommend buying Bitcoin as nearing the Bitcoin halving; the supply of new Bitcoin will slowly start to decrease. However rather than be devalued like oil, Bitcoin affords its users a more secure future as based on current levels of adoption and the sheer trading volume demand is set to increase considerably sharply benefiting to those owning Bitcoin proportionately. Taking advantage of NairaEX’s fast and dependable service considering it is one of the biggest exchanges in Nigeria; you too can buy Bitcoin with Naira and have it delivered with a matter of hours.

To conclude the trading opportunities presented by Bitcoin among this currently unstable economy is immense. With the digital currency currently in a stable phase maintaining values above $410, traders can be rest assured; their investments are not depreciating in value. Considering the various risk associated with trading commodities, Bitcoin has its advantages which come in the form of being a medium which is reliable and profitable in the long term.

Originally published at http://blog.nairaex.com/bitcoin-the-new-black-gold.

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