How To Make Money With Bitcoin In Nigeria 2023
Nigeria is one of the most popular trading markets globally for Bitcoin. According to a report by Binance, Nigeria tops the list of African countries with the most cryptocurrency adoption.
Bitcoin has become part of our everyday lives and one of the most requested investment instruments. It can be bought almost all over the world, as long as you have access to the internet. It is also easy to buy Bitcoin in Nigeria.
Here we are going to take a closer look at some key reasons why investing on cryptocurrencies is a sure way to make money and increase your assets. let`s start with the definition of bitcoin.
what is even bitcoin
Bitcoin (BTC) is a cryptocurrency, that is a virtual currency designed to act as money and a form of payment outside the control of one person, group, or entity, thus removing the need for third-party involvement in financial transactions.
one of the easiest and common way to make money with bitcoin is through peer to peer trading
what is peer to peer trading
Peer to peer is a direct exchange of crypto between parties without the involvement of a central authority. you purchase it at a discount and sell it out at a premium in order to make a profit.
how to invest with bitcoin in nigeria using binance
Binance, has made investing in Bitcoin from Nigeria simple. With more than 13 million users worldwide, Binance is the biggest cryptocurrency exchange in the world. it is a safe and secure platform to buy and sell cryptocurrencies quickly using buy/sell process.
fellow these steps to invest in bitcoin using binance
- Open the Binance App and tap “Sign Up”.
- Select a registration method.
- choose between Email or Phone Number and enter , either your email address/phone number.
- You will receive a 6-digit verification code in your email or phone
- Enter the code within 30 minutes and tap [Submit].
how to deposit funds in your binance account
- Log into your Binance account and click [Wallet] – [Overview].
- Click [Deposit] and you will see a pop-up window.
- Click [Crypto Deposit].
- Select the cryptocurrency you want to deposit, such as USDT.
- Next, choose the deposit network.
- After confirming the deposit request, the transfer will be processed. The funds will be credited to your Binance account shortly after.