Have you ever Wondered how to use Bitcoin in Nigeria?… What
is Bitcoin and How does it Work here in Nigeria?
 |
This article is here to answer those queries…
|
What is Bitcoin?
Bitcoin
is monetary platform that is controlled by no one.
What does that mean?
Bitcoin
users controls the system, it’s termed a decentralized
system.
Bitcoin
is a currency that is grows daily and is represented by BTC.
Bitcoin
is used for online shopping where you transfer bitcoins from your bitcoin
wallet to another user’s bitcoin wallet.
Let’s
use an image to describe what bitcoin is.
And also...
What is a bitcoin
wallet?
I almost forgot this part… I’m so sorry
In simple term, a bitcoin wallet is just like a bank not visible one but
like a store for your money where you can easily receive and send bitcoins
from…
You can easily buy and sell Bitcoins in exchange for Naira online but
you must have a bitcoin wallet…
OK, how do I create a Bitcoin Wallet Account in Nigeria
Bitcoin Nigeria Wallet Registration
You can register for a secured bitcoin wallet with Coinbase because it
is very secured..
·
Register for a bitcoin wallet with coinbase by clicking this link
·
Email verification message will be sent your mailbox
·
Confirm by clicking the confirm button
To see your bitcoin wallet address
Oh… What is bitcoin address?
Bitcoin address is like a bank account number ….
The bitcoin address is an identification for your bitcoin wallet in
which will be requested for when buying or selling bitcoins …
To view your bitcoin address on coinbase,
·
Click menu
·
Click account
·
Click view wallet address
·
Copy it
·
That’s all … Fast and easy…
Now we know what bitcoin wallet is…
What is the concept about Bitcoin
·
Bitcoin was created to ease stress of carrying money about, your bank is
on your phone or computer not a building
·
Coinbase provides a bitcoin wallet app where you can easily buy and sell
bitcoins..
·
Bitcoin runs under a system known as crypto-currency.
·
Crypto-currencies only exist as computer codes; they are not less real
than paper money is (fiat currency).
·
It has the advantage that a very large sum can be carried around in your
mobile phone, without inviting undue or silly attention.
·
The decentralized nature of bitcoin is another benefit it has over
normal currency.
·
Bitcoin is made possible by the blockchain technology created by the
inventor, Satoshi Nakamoto.
·
The most important benefit of bitcoin is the peer-to-peer nature without
central
governing body; it also involves the absence of a third party when sending money.
governing body; it also involves the absence of a third party when sending money.
·
The flow is usually from the sending wallet to the receiving wallet at
almost no charge.
Bitcoin rate is higher than any currency in the world…
There is no rule against the transfer of bitcoin unlike other
currencies…
WHERE TO BUY BITCOINS IN NIGERIA
You can buy cheap bitcoins from us and pay in Naira…
Too know more, contact us via WhatsApp —08160872210
That’s it for now…
More about Bitcoin in Nigeria will be published on this blog…
Next will be how to Register, Provide and Receive Help through Bitcoin
on MMM and GHW Nigeria (GHW – Get help worldwide Nigeria)
Use the comment box for inquires and questions…
You can chat with me on Whatsapp (08160872210)
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