How to Use Bitcoin in Nigeria | What is Bitcoin (BTC) | How does it Work | Where to Buy Bitcoin

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.

·         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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