Blastedholligan:
Thanks for this post. I also see that you know Yellow card, I use them too and Binance.

Realboygenius:


How does this Yellowcard work? Is it as easy as Binance because I'm looking at getting some USDT for keep.

Ezlynn:
Pretty insightful, @OP you listed some salient points. I make good money trading USDT at the best rate on Yellow Card.

OctoberEleven:
According to Statista, Nigeria has one of the highest number of cryptocurrency adoptions in the world. To put it in context, 6 out of 10 Nigerian youths are interested in cryptocurrencies. About 4 out of them must have invested in these currencies, either by trading Bitcoin or running a remittance/OTC business.

There is a thriving market for crypto in Nigeria, and we’ll be looking at some of the ways that bitcoin and other cryptocurrencies are creating opportunities for Nigerians:

1). Bitcoin Offers Financial Freedom and Inclusion
In a country with a high poverty index, and the naira triggering increased inflation, bitcoin and other cryptocurrencies represent a more alternative source of asset distribution and financial transfer. 
Today, Nigerians can buy, sell and store cryptocurrency without consulting an intermediary in the form of a bank or carrying physical cash. The trust has been enacted further by introducing Peer-to-Peer (P2P) based transactions.

2). Cryptocurrencies Create Job Opportunities for Nigerians
Cryptocurrency has become a source of livelihood for many Nigerians.
According to Cointelegraph, crypto and blockchain jobs’ share grew 118% in 10 months and has hired the most of any industry in the last year. Nigeria is not left out as many have gotten jobs in crypto writing, blockchain development, product design, NFT marketing, community management, game development etc.
These opportunities pay between $200-$3000/per month. For a country with $70 minimum wage, that’s remarkable.
Based on the prevailing exchange rate of the dollar to the naira and the massive unemployment, Nigerians can now earn income from trading, investing in bitcoin and working in the cryptocurrency industry. 


3). Cryptocurrency Trading and OTC/Remittance
This is the most popular cryptocurrency investment strategy in Nigeria. Cryptocurrency enthusiasts in the country buy bitcoin to sell at a profit or stake them to earn passive income. Staking a cryptocurrency simply means putting it in a liquidity pool or offering it up for use in borrowing and lending services to those who need the asset.

Nigerians also offer remittance services, whereby they exchange bitcoin or some other cryptocurrencies for Naira Over-the-Counter OTC. For example, a Nigerian Over-the-Counter (OTC) trader can offer to buy bitcoin from another Nigerian and pay the person in Naira. Millions of Naira are transacted daily just for OTC trades, thus, creating a constant stream of income for the traders.

4). Cryptocurrency Adoption in Nigeria is Creating Blockchain Consciousness
Blockchain is the underlying technology that powers the bitcoin cryptocurrency. It has also been used as a decentralized infrastructure/network powering many other decentralized projects and platforms.
The successful adoption of Bitcoin and cryptocurrencies in Nigeria has increased blockchain consciousness, with many young Nigerians picking up valuable careers in the crypto industry.

The Government has a Role to Play.
Based on the anticipation of a broader crypto use case and the enthusiasm shown so far by Nigeria’s younger population, the bulk of the technology’s success in the country lies with the government. 

If the government lifts the ban on banks for crypto trade and puts systems in place to make it more mainstream, more Nigerians will be encouraged to invest in cryptocurrencies.
The government just needs to regulate the market and ensure that bitcoin is not used to promote Ponzi schemes, perpetuate cybercrimes or promote fraud.

When fully regulated and recognized by law, bitcoin and indeed cryptocurrencies would not only attract Foreign Direct Investment (FDI) in the country but will also help solve some of the economic struggles that have befallen the country in recent times.

Source>> https://coindecimal.com/advertise/