HOW TO START INVESTING IN BITCOIN

Almost everyone have somehow heard of Bitcoin. Most people usually heard about it in passing but don’t know what it is. For some others, their question is if it is legal and how can they start, while for some others the question is what can they do with Bitcoin. In this article we will look at how to invest and make money from Bitcoin in Nigeria.

Table of Contents

WHAT IS BITCOIN?

Bitcoin is simply digital money, meaning that unlike Naira or US Dollar that makes use of paper, Bitcoin is completely paperless..

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

IS BITCOIN LEGAL?

As to whether it is legal, in some countries it has been tagged as illegal although it is difficult to restrict people from using bitcoin. However, in Nigeria, there are no laws/policies against the use of cryptocurrencies. Bitcoin in Nigeria is 100% legal

WHAT YOU CAN DO WITH BITCOIN

Regarding what can you do with Bitcoin in Nigeria, a couple use cases are: using it as an investment vehicle to diversify your assets; trading by making gains off the price fluctuation just like forex trading. Bitcoin can also be used to transfer money across borders faster and cheaper.

HOW TO INVEST IN BITCOIN IN NIGERIA

On how to start investing in Bitcoin, it’s pretty easy. You can use this platforms paxful to invest in trading and intvest-btcmininig in mining Bitcoin from Nigeria it is profitable..

You can start investing in Bitcoin with as low as $10 ie ( N3600).. You can fund your wallet with paxful either with your debit card, Gift card, paypal, online transfer, bank transfer and Nigeria bank transfer.. All you need to do is Create an Account with paxful and then Buy Bitcoin into your wallet..

Follow these steps to invest in Bitcoin minnig..

1. CREATING YOUR mining ACCOUNT

Go to intvest_btcmining and click ‘Create Account’ in the menu
Fill in your details, submit and verify your email via the link sent to your email
Go to ‘My Account’ and click on verify your identity

2. Buy Bitcoin INTO YOUR WALLET

Go to paxful.com Click on “sinup”..
Fill in your details, submit and verify your email via the link sent to your email and verify your mobile number via the code sent to your mobile number..
Select buy Bitcoin, select method of payment ie "by paypal,Gifi card, Nigeria bank transfer, Bank Deposit"
Enter the details of how much you want to buy..
You will be redirected to a marketplace where you will buy Bitcoin..

3. Fund your Bitcoin minnig account

Once your paxful wallet is funded..
Go to invest-btcmining.com
Select any minig plan of your choice..
Purchase the sever of your choice then your Bitcoin will start minnig.

BITCOIN PRICE IN NAIRA

Below is bitcoin price in Naira.

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