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What Bitcoin Is And What It Is Not?

Bitcoin

Bitcoin is not MLM. Bitcoin is not MMM. Bitcoin is not Ponzi.

Bitcoin (BTC) is a digital currency that is generated when a computer miner completes some sets of complex equations with a secure channel on an online public ledger called Blockchain.

BTC can be exchanged directly for fiat currencies like US dollar, Euro, Naira etc on several exchanges worldwide.

READ ALSO: ​How To Buy And Sell Bitcoins in Nigeria

BTC can be likened to Gold and used as an asset; where you buy and hold, hoping to sell at an higher price.

BTC can be used to pay for goods and services online; it is secure, cheaper with very low transaction fees and faster.

You do not need to HAVE any money to start.

At least, you need to know first.

There are 3 main parts to get started:

Part 1: BTC wallet.
Part 2: Buying BTC (in Nigeria from the comfort of your home).
Part 3: Get returns on your BTC using an online trading system, tested and trusted like this one.

It’s when you get to the 3rd part that you will ever need money.

Information is power. Get informed. Get empowered!

SEE ALSO: Join USI And Start Earning A Profit of 5% Passive Income Without Referring Anyone!

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​How To Buy And Sell Bitcoins in Nigeria

buy and sell Bitcoins in Nigeria. centmillionaire

Here are all the details you need to buy and sell Bitcoins in Nigeria.

Pay close attention. This is important!

Bitcoin can be used to buy and sell online. The transaction is secure and very fast. The only thing you have to be careful about is to be sure about the wallet you’re sending the coins.

Luno is a verifiable exchange app service that you can link your private account and buy and sell Bitcoins. Here is how to get and use the Luno app.

Nairaex is another verifiable exchange service in Nigeria.

InstantExchangers is another exchange service in Nigeria.

Remitano is a peer-to-peer Bitcoin exchange, available in Nigeria.

Paxful is a peer-to-peer exchange service in Nigeria.

LocalBitcoins is also a peer-to-peer Bitcoin exchange service, available in Nigeria.

(By peer-to-peer exchange service, it means when you want to buy Bitcoins, the platform matches you with someone that wants to sell. You both need to agree on a rate before you can proceed to transact. The same applies when you want to sell your Bitcoins for fiat currencies).

With more options of dealers and exchanges, you can be sure to get a good rate.

Here are some things to take note of:

1) Ensure you’re fully registered on the platform and follow their detailed instructions as per how to manage your account with them. (Bitcoin is really uncharted territory for a lot of people in Nigeria, so the more you learn about it,
the more you possess the knowledge required to transform your life.)

2) As always, be careful while dealing over the internet and under no circumstances, give your personal details to ANY dealer on any site.

3) Always, do a simple Google check for the current rates of Bitcoin to your local fiat currency. Run away from dealers aiming to give you at very cheap rates. Don’t be greedy. They are scammers! Be very careful.

4) Always COPY the wallet identifier as shown on your screen (with the COPY option), never try to manipulate the identifier or writing it out or else you risk sending your money to a wrong account.

If this is your first time of buying or selling Bitcoins, here are the 2 things you will need to transact:

1) a wallet (this is your personal account to store your Bitcoins. Here is how to get one.)

2) an account with one/more of the exchange services/dealer.