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!

Considering the current economic/forex situation, is this information still valid as per being able to buy and sell with ease?

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Bitcoins are the FUTURE! Read Top site that Buy and Sell Bitcoin in Nigeria and How to Open Blockchain Bitcoin Wallet for Payment transactions

pls i need some one to tell me how to convert bitcon to cash in nigeria

op pls list all the companies in Nigeria that accepts bitcoins

interesting

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BTC = *BITCOIN*
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1. BTC takes 10 mins. to 30 mins. for Confirmations whereas *TBC* takes only 2 mins. to get your Transaction Confirmed
2. BTC has only 21 Million Coins whereas *TBC* has 1 Billion Coins
3. BTC took 3-4 years to get the people attention but *TBC* is already much more popular in just 8 months
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5. The price of BTC is dependent on the market but the price of *TBC* gets increased 1% - 5% daily depending upon the number of new Members joining the *TBC*
6. The price of BTC could even hit as Low as 1$ or as high as 1 Million $ but the price of *TBC* will never come down & in October 2017 the price of 1 *TBC* will be 1 Billion $ per *TBC* Coin
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quote author=Sabtoaelect post=52087620]The Truth About TBC 9thebillioncoin)....PLEASE READ!!!
***IMPORTANT CRYPTOCURRENCY FACTS***
BTC = *BITCOIN*
TBC = *THE BILLION COIN*
1. BTC takes 10 mins. to 30 mins. for Confirmations whereas *TBC* takes only 2 mins. to get your Transaction Confirmed
2. BTC has only 21 Million Coins whereas *TBC* has 1 Billion Coins
3. BTC took 3-4 years to get the people attention but *TBC* is already much more popular in just 8 months
4. Current BTC Supply in the Market is just 15.9 Million & the rest 5.1 Million will get generated in next 125 years wheres *TBC* Current Supply in the Market is 500 Million & next 500 Million generation has already got started
5. The price of BTC is dependent on the market but the price of *TBC* gets increased 1% - 5% daily depending upon the number of new Members joining the *TBC*
6. The price of BTC could even hit as Low as 1$ or as high as 1 Million $ but the price of *TBC* will never come down & in October 2017 the price of 1 *TBC* will be 1 Billion $ per *TBC* Coin
Investing in BITCOIN is GOOD but investing in *TBC* is better!
Contact me to get your TBC today @ #5,000 father christmas price. The more you buy the more discount you get, 50000thebillioncoins available
07011746718[/quote]

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Do you know that bitcoin is the highest valued currency in the world today? 

It's value is higher than Dollars, Pounds, Euros, Naira, Ghana CEDI's, Yuan, etc


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Bitcoin money spending, and i'm loving it...☺☺

The best way to buy bitcoin in Nigeria now is through this website called BitFlip Ng https://bitflipng.com/buy-bitcoins

They even provide a wallet service for you to receive you bitcoins. You can also send request to an email address requesting payment for services with bitcoins.

It is one of the best services out there. And its made exclusively for Nigerians!

planet06x:
The best way to buy bitcoin in Nigeria now is through this website called BitFlip Ng https://bitflipng.com/buy-bitcoins

They even provide a wallet service for you to receive you bitcoins. You can also send request to an email address requesting payment for services with bitcoins.

It is one of the best services out there. And its made exclusively for Nigerians!

have you sold bitcoins to that website bitflip before?
of yea how long did it take to get ur payment?

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