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Drop a rough estimate, and an architectural drawing showing this will be appreciated. Thanks 🙏

1. Accessibility and Liquidity
Since it only takes a few minutes to transfer bitcoins to another user, they can be used to purchase goods and services from the ever-growing list of places that accept them.

2. User Anonymity and Transparency
This ensures there’s no public tracking, and transactions can’t be traced back to the user even though they are visible on the public blockchain.

3. Independence From Central Authority
It gives users autonomy and control over their money because the price isn’t linked to government policies.

4. High Return Potential
Bitcoin rose from $5,000 in March 2020 to an all-time high of $69,000 in May 2021. Another major reason to buy bitcoin right now or DCA (dollar cost averaging) if further dip.

5. Security
If your bitcoins are kept in an exchange that prioritizes security over users’ funds, then you should consider yourself lucky.

It takes only a few dollars to invest in cryptocurrency. Most crypto exchanges, for example, have a minimum trade between $5 and $50. The Quidax Trading App has a minimum that is as low as $1.

You can choose a trading plan, especially a recurrent weekly or monthly buy, as long as it’s suitable to your taste based on your earnings.

Also, the purpose of investing in cryptocurrency is for future profits or for financial inclusion, so you need to choose and adopt a crypto trading strategy that works, which can either be short-term or long-term, or as desired.

There is no better time than right now. Buy bitcoin now and use the dollar-cost average (DCA) later. Bitcoin is a good long-term investment for the next one to three years and is bullish overall. That means we expect the bitcoin price to rise in the long term, not minding the current short term price fluctuation.

The prices of all cryptocurrencies are considerably at their lowest right now due to the current dip caused by a series of bad events ranging from the Terra UST crash to the FTX bankruptcy, among other crises. Regardless, Bitcoin has stood the test of time and proven itself over and over again that it’s here to stay.

Remember not to invest money that you cannot afford to lose, as this content should not be used as a basis for any investment decision but for educational purposes only.

With or without stable coins, DEFI should thrive. The element of stability in stablecoins (USDT, USDC) makes them more advantageous than other cryptocurrencies that fluctuate during intense volatility in such a way that lending, borrowing, and insuring are made easy and less complicated.

Let's assume you lend Biba $100 worth of USD at an interest rate of 2% monthly. Biba should pay back $102 at the end of the month based on the initial agreement. Since you lend her the principal in USDT, there is a high tendency that the value of 100 USDT will still be $100 at the time of settlement. However, if the same amount was given to Biba in DEFI, such as ETH or SOL, the quantity might have fluctuated at the time.

For convenience's sake and maybe to avoid any future losses, DEFI should work well with stable coins pegged to real USD. It could also work well with non-stable coins when they maintain fair stability, but I don't see that happening soon, as evident with the crashed algorithmic stable coin, TerraUST.

Quick link: What is DEFI?

Ethereum, ChainLink, Matic, and USDT are by far the best altcoins in the crypto market. Even though all altcoins won’t survive without Bitcoin, since most altcoins are purchased with Bitcoin, Ethereum has actually outperformed Bitcoin many times, and it’s also the king of altcoins based on network participants and use cases.

If I were to build a crypto portfolio, I'd start with bitcoin as the lead indicator, then select smaller coins that will bounce back more if bitcoin's trend remains positive.

I'd invest 20% in Bitcoin, 30% in Ethereum, and others, and the remaining 50% in USD savings.

I hope this helps. Keep on Hodling. Tough times don't last, but tough people do.

The most stable coins are the ones that are backed by actual US dollars in a bank account and audited. In the past years, USDT (Tether) does not fit in the category because they do not provide audits and a large amount of the backing that it has is vague and unsubstantiated. However, recently, USDT has declared their total reserves, which match their total mint supply and are thus considered reliable.

Other stable coins that are more reliable after USDT include USDC (offered by Circle), BUSD (offered by Paxos) and which are fully backed and audited by concerned financial authorities.

Some exchanges now offer the USD fiat currency too, to allow their customers to purchase crypto directly or save it for yield purposes, in case they don’t feel safe with the pegged tokens listed above.

A stablecoin is one type of cryptocurrency that is designed to maintain a fixed value over time. The value of a stablecoin is typically pegged to a specific real currency, often the U.S. dollar. In this setup, one unit of the cryptocurrency typically equals one unit of the real currency. That is, USD 1 = 1 USDT.

When it comes to cryptocurrencies, volatility is a major concern for most people. They want stability. People want to be able to use crypto coins to buy their dream house or go on their next vacation. They also want to be confident enough to use these digital assets as a store of value.

Thus, the need for stablecoins to maintain the value of assets is legitimate and not a scam. Some would even put their stablecoins to work by subscribing to USD savings to earn a yield of as much as 10% per year during high volatility or for crypto investors that have no time speculating on crypto prices.

By asking these simple questions like, "What problems does the company (cryptocurrency) solve?" Is this something that has real-world value, or is it just a nice idea?

The cryptocurrency landscape can change quickly, so be sure to do your homework before investing money in a cryptocurrency. You can always do your research about a new project you’re planning to invest your funds in, and if you find the platform deemed fit, you can go ahead.

Also, consider the project team. Do they have a long-term vision for the project? What do users think about the currency? Nobody knows which ones will be huge winners and which ones will be epic failures. I believe that the best investment strategy is to have a portfolio of currencies to avoid putting all your eggs (funds) in one basket (crypto).

Since there are still a lot of unknowns when it comes to the use cases of cryptocurrencies, it is very important to study how to research every cryptocurrency you invest in.

If you want a quality coin to hodl at this pressing time. QDX is an exchange token for Quidax (launched in 2018). It was launched to tie together all features in the Quidax ecosystem, from the exchange to DeFi and more.

QDX, just like any other exchange token, has a maximum supply of 500 million tokens and is currently trading at $0.005. That is about 5,000,000 percent from BNB's current price.

As always, do your own research, but if you are looking for a hidden gem with big potential, you should definitely check out QDX.

Due to their extreme volatility, cryptocurrencies tend to lose value and inflate several times in a couple of weeks. Therefore, deciding on buying and selling crypto is one of the biggest questions for investors. Currently, with the market hitting a significant low, one can also invest in coins like Shiba Inu, Litecoin, and Ripple etc.

jamace:
Those who have seen the light have started the crypto journey. Others would join as their vision becomes clearer.

Lol, as it funny as you sounded, it's the damn truth my brother

A true life story…

a guy who took out a 275,000 NGN (approximately $1,100) loan to buy gold back in 2015. The price he paid was $1,100 an ounce. Seven years later, today, gold is trading around $1,700. I don’t know what the interest rate was on his loan, but needless to say, this was a very bad idea. I knew right now that the worst had yet to come.

But what if he had bought Bitcoin? Bitcoin recorded a high of $500 in 2015, which would probably be up by more than 4,000% as of today.

In my opinion, there is no better or safer investment than buying Bitcoin and keeping it for a long time.

Here’s another history lesson for you, if you invested $1,000 in Bitcoin 10 years ago, you’d have over $1.5 million today!

It’s especially interesting since today (October 28th) marks 14 years since Bitcoin’s whitepaper was released. While many people invest in crypto to make quick money, the best investors remember that crypto is a long game.

And if you’d like to learn more about Bitcoin and other coins, remember to check the Quidax Crypto Academy

While Bitcoin is still the No. 1 cryptocurrency in the world as measured by market capitalization, there are plenty of reasons to think other cryptocurrencies could eventually surpass it.

There are many Bitcoin alternatives that experts think have dethroned it as the largest cryptocurrency. Such top altcoins are not only growing rapidly but are also yielding satisfying results.

Meanwhile, BTC could still hit $100k and thus surpass other cryptos, but the majority believe that alts will surpass Bitcoin in terms of market capitalization in the future, like Ethereum or even Ripple.

Davidoski14:
can i swap a token that is connected to BNB smartchain to usdt on trust wallet?

Yes, but the USDT will also be on the Smart Chain network which you can send to Quidax and sell it to Naira or USD.

Yes, you need a unique private key to unlock a cryptocurrency wallet since each crypto wallet owner has a separate private key.

A cryptocurrency wallet is made up of a collection of public addresses and private keys.

The public address is the same as your wallet address. This you can copy for a depositor to send you crypto, while the private key is your login details that are only known to you, especially if you're using a centralized exchange such as Binance, Quidax, etc., or also known as your 12-word passphrase if you're using a DEX such as Trust Wallet or Safepal.

If you're looking for a secure cryptocurrency exchange where you can buy, sell, and trade cryptocurrencies, follow the instructions below:

1. Trade on trustworthy, secure exchanges. On exchanges like Binance, trading cryptocurrency is simple, but the interface's abundance of information may make it challenging for you to get around. Another exchange with a simple user interface is Quidax, which offers access to over 25 cryptocurrencies and lets you earn up to 10% APR on USD savings.

2. While trading, use a secure internet connection.

3. Use two-factor authentication, after a password (use a string of lowercase and uppercase letters, numbers, and special characters)

Finally, watch out for phishing scams and other forms of cyber attacks.

1. Protect your funds from billings
Instead of leaving your salary in your bank account, open to urgent 2k requests, you can open a 3-month savings plan right now and start saving towards December homecoming.

2. You can withdraw anytime
If you're using the flexible savings plan, you can buy dollars at N730 right now, and if the price of dollar further appreciates to maybe N760 to $1, you can withdraw everything and make cool cash, plus your interest.

3. Save towards a goal: With the fixed savings plan you can start putting away funds for your Rent every month. So by this time next year you’d have gotten an extra 10%, plus the initial amount you saved.

4. Protect your funds from inflation

5. Earn higher than average interest
Your bank probably offers you us just 1.5% interest. With up to 10% you are getting more than anywhere else. Plus, there’s no maximum you can save.

Who else has seen the price of 1 Dollar today? You should probably start saving on Quidax today

bulasene:
$103 btc for sale. WhatsApp link below.

https:///s/60472b96c64eb

Trade on a registered and secure exchange instead of WhatsApp or DM deals that usually result to scam

RedimIT:
Created in 2009, Bitcoin-the new digital cash has carved a prominent space for itself in the Nigerian market. Thousands of Nigerians, predominantly of have been very involved in mining, buying, and selling bitcoins. Bitcoin Trading has grown to become what the average Nigerian would call Hot Business because of the huge returns on investment gained. Currently, Nigeria holds a proud place as the second-largest Bitcoin market in the world. Even with the current ban on cryptocurrency, Bitcoin trading still holds its place of prominence in Nigeria.

The business of trading bitcoin somehow poises as a very tricky and slightly difficult one. It takes skill and a lot of experience in the field to sell your coins to the right buyer and at a very good rate. Inexperienced traders sometimes sell their coins at ridiculous rates and make a very small profit. Sometimes these traders lose their investment to fraudsters by patronizing fraudulent sites.


Many fake exchange sites offer high market prices which compete fiercely with the regular market price. Without a good knowledge of the rise and fall of Bitcoin rates, a novice trader might fall for one or two of these scams.

To invest wisely is not just to know when to trade, but where to trade and how to monitor Bitcoin exchange rates. We have carefully picked out legit, secure and top paying sites for Bitcoin Exchange in Nigeria.

Here are our top choices.
RedimIT
RedimIT is a secure and reliable Bitcoin exchange platform with a user-friendly interface. It is one of the very secure sites to trade Bitcoin for Naira. It is the fastest, secure and most reliable exchange platforms in Nigeria. Redimit stands out from other Bitcoin exchanges because it offers the best exchange rates and a moderate makers and takers fee. Just like Remitano, registration on the RedimIT platform is completely free. All you need to do to get started is to create an account, deposit funds and begin trading. RedimIT is secure, trusted, reliable and provides platforms for very fast transactions. It uses a very simple verification process which makes it easy to trade on. redimit.com

Binance
Binance is one of the largest and most popular Bitcoin exchanges in Nigeria. It is reputed for the unique features it has in comparison to other Bitcoin exchange sites. Currently, Binance can be used to trade over 500 Cryptocurrencies some of which are Ethereum, LiteCoin, and BNB Not only is Binance the largest cryptocurrency exchange by trade, but it is also one of the fastest exchange systems in the world.

Some of the basic features of Binance are its largely used Trust wallet used to send receive and store digital assets like Bitcoin. It also has a globally recognized native asset called BNB. Transactions are easy to make on the Binance platform because of the availability of different payment methods, including debit cards. Also, a P2P (Peer to Peer) trading feature makes it easy for novice traders to make scam-free transactions.
With a record of more than 1,400,000 transactions per second, Binance is one of the most trusted, secure, reliable and high paying sites in the Bitcoin exchange system.

Luno
Luno is a Crypto exchange platform that allows you to buy, sell and save Bitcoins, Ethereum, XRP or Litecoin in a secure wallet. With over 60 million customers and transactions estimated at $17B, this site is one of the booming ones in the exchange business. The mode of trade of Luno might seem a bit difficult for novice traders, compared to Binance. However, you will find it easy to trade on if you follow each step of the trading process as directed by their team of customer support staff.

Not only does Luno offers great exchange rates for selling or buying Bitcoins its maker and taker charges are fair and moderate. Luno is secure, reliable, and it is one of the best sites to buy Bitcoin in Nigeria.

Remitano
Remitano operates a P2P Bitcoin exchange system in more than 40 countries. This makes it one of the leading Cryptocurrency exchanges in the world, leading Binance in certain areas. Trading is very easy on the Remitano platform as it operates a P2P system that allows peers to interact and make transactions with each other. One feature that makes this platform stand out from others is its free registration feature. To store your digital assets on this platform all you need to do is register for N0 and get started. In addition to its free feature, Remitano is easy to use and has a user-friendly interface with little or no complications.

Currently, Remitano is leading the Nigerian Bitcoin market because trading and exchange activities are still on-going on this site despite the current ban on cryptocurrency in Nigeria. It is the best site for selling bitcoins, Ethereum, and other cryptocurrencies. Also, Remitano is very trusted and reliable which explains why 1.5 million people trade on this site daily.

The exchanges listed above are the most trusted in the Bitcoin industry. They do not just offer high exchange rates but are also very secure and reliable. We strongly recommend RedimIT because if it's an easy user interface, a less complex mode of operation, and instant payment. However, the RedimIT site is majorly involved in helping traders sell Bitcoin and not buy or save their assets. Binance and Remitano on the other hand allow you to buy and save your digital assets on their platforms.

Quidax even make it easy to start trading as low as #500

So far, it has been Ethereum as a result of The Merge, and now that many people have been disappointed with their expectations of a new bull market beginning after the merge, it appears that Ethereum is popular for the wrong reasons. I'm also disappointed, not because of the price, but because few other miners have kept the ETHW and refuse to move to the new upgrade, which is proof of stake. Regardless, I love Ethereum.

Ripple's XRP should be labeled as the most popular coin right now. With XRP's recent price surge due to optimism about winning the SEC Case, few other alternative cryptos such as Stellar's XLM, Socios' CHZ, and others have followed suit.

See why XRP is also pumping here (https:///QuidaxGlobal/490630).

The majority of nations have been reluctant to regulate cryptocurrency up until now due to concerns about the potential disruption of traditional finance, freedom of money, money laundering, other financial crimes, and environmental factors, among other things.

Majority of exchanges such as Binance, Coinbase, including African exchanges, adhere to KYC and AML regulations as specified by their country of jurisdiction. While some nations have outright prohibited cryptocurrencies, others have attempted to only partially control their economic flow.

The Indian cryptocurrency ecosystem's participants are crossing their fingers. Various states in the US may have various cryptocurrency regulations due to the dual system of government. Until now, EU member states have each had their own framework for regulating this sector, with the majority opting for a soft-touch regulatory approach. China's stance on cryptocurrencies has drastically changed as a result of its June 2021 crackdown on cryptocurrency mining and trading. In September 2021, El Salvador would become the first nation to accept bitcoin in addition to US dollars as legal tender.

For the benefit of the crypto ecosystem and the world economy, the government must give decentralized finance projects enough time and space to grow. At the same time, centralized organizations must be prepared to submit to regulation in order to develop the consumer confidence and security required for widespread adoption.

Regulators must also comprehend the role that cryptocurrencies play in the global economy before drafting any regulations.

The "sunrise issue," which is financial and crypto education, must also continue if mass adoption of cryptocurrencies is to be achieved. The future is promising if things are done properly.

There isn't a specific metric to determine when a new Bitcoin bull market will start. But it’s usually when major crypto prices rise by more than 40% for multiple days.

Many experts believe the markets may not recover until 2024. While others believe it may remain bearish until 2026. But, according to Forbes, the typical bear market lasts for 289 days, and this should end by October 19, 2022.

The recently concluded Ethereum Merge also didn’t cause any bullish movement as anticipated, so you can be patient with investment decisions. Alternatively, you can continue buying Bitcoin or holding it for when the markets get better.

#WAGMI.

Snitch24:
some many factors againtthe cryptocurrency definatly things arent going as planned they didnt see it coming
real time inflations are high all over
and there so many griddy project owners out there

I feel you, are you holding a big bag

Textra:
Will you be my mentor?

Sure, why not, knowledge should be Free and I got mine for free even though with persistency. You can hit me up on Telegram - T. ME/Lhed_CSL

imagrg:
Too know make Agbede short.

Lol, bad market times are good for learning though

Bitcoin first hit a new all-time high price of $69,000 in 2021, followed by big drops and more institutional buy-in from major companies like MicroStrategy, Grayscale Bitcoin Trust, Elon Musk, and others.

In the recent bear market, which according to Forbes is believed to be over by October 2022, the majority of market experts expect bitcoin to drop as low as $10,000 since it has a history of correcting as much as 85% in past bear markets.

The future is still very uncertain, but Bitcoin is on the cusp of mainstream acceptance; on average, the BTC price is expected to be around $300k to $1m by 2030. At this valuation, Bitcoin will arguably be one of the world's most valuable assets.

Guess the future starts now, so don't stop buying Bitcoin!

The current bear market sentiment has led many cryptocurrencies to fall below their average trending prices, which is quite normal for a supposedly bear market.

Even though the crypto winter only started in June, it typically lasts four years or so. Grayscale Investments Manager is one analyst who believes that the cryptocurrency market may not recover until 2026. However, according to Forbes, the typical 289-day bear market would end by October 19th, 2022.

Since we are still unsure whether the recently concluded Ethereum Merge will usher in a new bull market, you can just wait it out and continue buying Bitcoin using Dollar Cost Average in case there is a further decline.

P2P trading allows you to exchange digital assets with someone else without knowing the other person. And this is possible because there is a third party (an exchange) between you and the other party that ensures that the transaction goes smoothly.

When trading crypto, you should remember that, besides El Salvador and the Central African Republic, most countries have laws guiding cryptocurrencies. So, there are a few rules for P2P trading that you should follow.

For example, popular exchanges like Quidax and Binance have rules that help them make transitions easy, safe, and fast:
1. If you use a different bank account to transfer funds, the transaction will not be confirmed.
2. Crypto or crypto-related words should not be used in the narration or description. Instead, use the reference or trade ID.
3. After transferring funds to the seller, click "paid," and after receiving funds from the buyer, click "received."

These are the three most important things to remember when engaging in peer-to-peer trading.

Thomthom:
Can i pay for crypto directly from my bank, without CBN and bank issues?

Sure of course. Download Quidax app from playstore or app store and sign-up. You'll be able to deposit with your bank card with no issue.