Aug 23, · Open a Bitcoin trading account in Nigeria at NairaEx website on bitmoneylab.de, buy your first set of bitcoins and transfer it to your bitcoin wallet. Bitcoins are divisible, you can buy as little as $10 worth of bitcoin without no extra bitmoneylab.de: BTC Nigeria. Jan 15, · Bitcoin trading in Nigeria (how to trade Bitcoin in Nigeria) Bitcoin trading can be extremely profitable for professionals or beginners.. Since bitcoin is very volatile (it’s value can increase or decrease drastically), this has created opportunities for smart traders to make quick profit. Nov 15, · Where to trade Bitcoin in Nigeria The process of trading Bitcoin is, essentially, holding the currency in your account until you can sell it for profit. In order to trade Bitcoin, you first need to buy the currency. There are several Bitcoin exchange services in Nigeria you can choose from, and here are the most reputable ones.
How to trade bitcoin in nigeriaHow to Make Money with Bitcoin in Nigeria - BTC Nigeria
The important thing to know about Bitcoin is that it cannot be controlled or regulated by the government or other officials. The blockchain technology means the Bitcoin software is distributed among millions of computers of regular users around the world.
This is exactly what attracts so many Nigerians to the idea of buying, trading, and investing Bitcoin. Bitcoin can be volatile, but it is still viewed by many as a more stable and independent alternative to regular money that has a big future.
The process of trading Bitcoin is, essentially, holding the currency in your account until you can sell it for profit. In order to trade Bitcoin, you first need to buy the currency. There are several Bitcoin exchange services in Nigeria you can choose from, and here are the most reputable ones:.
The most important condition for becoming a successful Bitcoin trader in Nigeria is designing a winning strategy, which, in turn, is impossible without plenty of research. With the necessary amounts of research, you will learn about the factors influencing the price of the currency and will be able to know when to make the move. You will also need to choose one of the Bitcoin exchange platforms that meet your needs and is known for its reliability. The exact steps of trading Bitcoin differ from one platform to another, but you will always have to find the right time to buy Bitcoin at a low price and sell it for profit using your knowledge, recent developments in the world of cryptocurrency, or even your intuition.
Make money from your phone by selling with the Jiji app. My name is Inna. I am a content writer with an English and literature background. I am also in love with all things tech and always keep my finger on the pulse of new smartphone and gadget releases. Another big passion of mine is beauty and makeup — every day I read about new trends in skin care and makeup and always look forward to trying them.
Plus, I love pop culture, travelling, crafts, and anything that can make our daily life more thrilling! Contents 1. What is Bitcoin 2. Bitcoin in Nigeria 3. The aim was to create a digital currency that could not be controlled by the government or by any one organization.
Bitcoin BTC is a decentralized digital currency, This means that transactions can be carried out between two different people without passing through a central authority like the banks. After reading this post, you should have a basic idea of how to get started trading bitcoin in Nigeria.
Unlike the stock market, there are no official bitcoin exchanges. Because there is no official bitcoin exchange, there is also no official bitcoin price. This can create arbitrage opportunities. Like earlier stated, the price of bitcoin can change drastically, these price spikes can create opportunities for smart traders to make money. Coinbase exchange was the first regulated bitcoin exchange in the US.
Read my coinbase review. Binance is a crypto only trading platform that offers one of the most competitive rates around. Binance now accepts naira. If you are looking to trade crypto to crypto only, this is probably the easiest and cheapest way to go.
There is a steep learning curve to trading bitcoin successfully, but trading usually entails buying at a particular price and selling at another or vice versa.