What is Bitcoin?
Note That: I will be using naira as a currency example, but the same steps is applicable to all currencies.
Gone are those days that if you want to send money from your country to another country, you will have to pass through some annoying procedures , and you will be required to bring proof of identifications.
That is no longer the case, things are much more easier now, there are faster ways to transfer funds and make payments…seamlessly through a massive people driven technology called BITCOIN!
Does that name ring a bell?
BITCOIN!!!!!!!!!!
This new technological currency actually belongs to the class called
”Cryptocurrency”
And BITCOIN happens to be the leading pack!
A bitcoin is currently $1832.02 (as at now of writing it).
A bitcoin is N577,053.21 (as at now of writing it).
According to Wikipedia, Bitcoin was introduced in October 31st, 2008 and released in January 2009
by a man called Satoshi Nakamoto (Funny name right? I thought so too). Although, no one knows what he looks like. This guy got tired of banking systems and wrote some crazy algorithms (That is not my business) all in the name of upsetting the current world system that claims that hard currencies are backed up by Gold.. READ MORE HERE
TRADING BITCOINS
There are several websites where you can buy and sell bitcoins in Nigeria and be paid in Naira straight into your Nigerian bank account (Please click the links later) naira4dollar.com, nairaex.com, instantgold.ng, localbitcoins.com, etc.
GETTING STARTED WITH BITCOIN
All you need to get started with bitcoin is to get a bitcoin wallet and fund it. No big deal!
There are various bitcoin wallets. But the reliable ones are CoinPayment, Blockchain, Xapo wallet etc.
I will be explaining how to create a bitcoin wallet with CoinPayments.
Because that is what I am using, they are reliable and their transaction is fast.
STEP 1:
CLICK HERE TO CREATE A COINPAYMENT ACCOUNT.
YOU WILL BE TAKING TO THIS PAGE BELOW:
CLICK "GET STARTED".
STEP 2:
FILL THE DETAILS.
Thanks for your time tomorrow, I will be teaching you how to fund your bitcoin wallet, how to make up to 16 bitcoins and how to convert it to naira.
Remember, 16bitcoin is:
16 x N577,053.21
=N9232851.36.
You can do it.
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