If you’ve always wanted to do Bitcoin investment in Nigeria, this short and straight to the point article gives you what you need.
Bitcoin or Bitcoins have been making wave around the world and no matter where you live including Nigeria.
Anyone can take the advantage of making money through bitcoin and I will show you a real example of how to do bitcoin investment in Nigeria and how to make money from it.
In case you don’t know what Bitcoin is, you can check what bictoins are and how they work in my last post.
2How to do Bitcoin Investment In Nigeria: The Save Your Money Method
Just like opening a fixed deposit account with our Nigerian Banks, You can also open a Bitcoin wallet here and Fund It with any amount you want and
Then in few weeks, wait for your bitcoin to increase in value.
Surprised?!!! Bitcoin can double value in just one week.
This method is technically referred to as bitcoin trading
And these are the simple steps I took to make money with bitcoin In Nigeria:
- Step 1: Open A bitcoin Wallet or bitcoin account, do that here
- Step 2: Fund your wallet with any amount you want, learn that here
- Step 3: Withdraw your bitcoin savings In Nigeria by selling it back after the value has increased
Here is the Mathematics: I bought bitcoin of 0.03 which is about 50,000 Naira and luckily for me the value went up about 30% in three weeks.
Which means, I withdrew my bitcoin and sold it back for for 75,000 Naira..
This one better pass MMM so you should enjoy it while it lasts.
You can also try it with little money, 5k, 10k, 100k and so on..
As you can see , bitcoin investment In Nigeria is quite easier than you thought. For exchange purposes, you can visit any of these sites to buy bitcoin online in Nigeria.
I wouldn’t advise anyone to do it oo (don’t mind me jare).. If you want to do it, do it now, the market dey hot gan.
Also Check: List of 45 Visa free countries for Nigeria
3How to do Bitcoin Investment In Nigeria: The earn your money method
Some people have been asking me for how they can get free bitcoin, but to my knowledge, it is impossible, who gives you money for free? (My Dad does that a lot actually)
You have to work for it, I have been earning money in bitcoins for some time now by selling legitimate products online.
So, it means you have to sell something to make money with bitcoin. You will charge your customers in bitcoin.
This is interesting and it’s the best method, but it requires you to have the knowledge of how money is made online and that’s why I will advise you to stick to the First method, but if you got the learning spirit, you should try this second method as well.
After earning my money I just head to any of these exchange sites to sell my bitcoin.
4How to do bitcoin Investment In Nigeria: The Bitcoin mining method
If you search online for bitcoin mining, you will find many different definitions and to be honest, here in Nigeria, it would be difficult to do bitcoin mining because of the mathematical and technical skills involved, not to mention the poor electricity condition.
When I was reading from a particular website, it says;
“With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine”.
Funny enough: I don’t understand that as much because I have not tried it myself, I heard one would need to buy a special computer device to mine the bitcoin.
Summary on earning bitcoins online In Nigeria
Bitcoin is money, just like Naira, so to get bitcoin, one has to invest in it or work for it. I have been doing the simple bitcoin investment method and it has been making sense.
I am not advising you to do the same, but if you want to do the same, do it now, the market is still bright.
It took a while to put this together, I’ll appreciate it if you consider sharing this post on your FB or Twitter.
Have you tried other methods of making bitcoin investment in Nigeria? Please share in the comment box below.