Oct 20, · To begin bitcoin CFD trading in Nigeria, you need to open an account with a well regulated and trustworthy broker in Nigeria like Hotforex or Etoro that offers cryptocurrency CFDs. There are several FSCA regulated brokers in Nigeria while some are also regulated by foreign top tier regulatory authorities. As a trader in Nigeria, you can trade BTC as a CFD instrument via any broker that offers Crypto Trading. You will have to open a Trading Account with a CFD Broker that offers Cryptocurrencies. There a few globally regulated Brokers that offer Bitcoin trading. You can trade Bitcoin against fiat currency like the US Dollar i.e. BTC/USD pair. Bitcoin is not a new word for anybody living in this planet and In , Bitcoin (BTC) is set to turn 12 years old. But come to think of it, as popular as BTC is, many still find it hard to trade it or rather make money from it but we understand that it can sometimes [ ].
How to trade in bitcoin in nigeriaHow to Make Money with Bitcoin in Nigeria - BTC Nigeria
Every week, millions of dollars are invested by Nigerian citizens in Bitcoin. Naturally, companies and banks are also witnessing the potential of Bitcoin and try to introduce their regulations for the cryptocurrency. The important thing to know about Bitcoin is that it cannot be controlled or regulated by the government or other officials. The blockchain technology means the Bitcoin software is distributed among millions of computers of regular users around the world.
This is exactly what attracts so many Nigerians to the idea of buying, trading, and investing Bitcoin. Bitcoin can be volatile, but it is still viewed by many as a more stable and independent alternative to regular money that has a big future. The process of trading Bitcoin is, essentially, holding the currency in your account until you can sell it for profit.
In order to trade Bitcoin, you first need to buy the currency. There are several Bitcoin exchange services in Nigeria you can choose from, and here are the most reputable ones:. The most important condition for becoming a successful Bitcoin trader in Nigeria is designing a winning strategy, which, in turn, is impossible without plenty of research.
With the necessary amounts of research, you will learn about the factors influencing the price of the currency and will be able to know when to make the move.
You will also need to choose one of the Bitcoin exchange platforms that meet your needs and is known for its reliability. The exact steps of trading Bitcoin differ from one platform to another, but you will always have to find the right time to buy Bitcoin at a low price and sell it for profit using your knowledge, recent developments in the world of cryptocurrency, or even your intuition.
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Sign in. Log into your account. Built with Btc is our initiative to provide opportunities, improve lives, and make the world a better place for communities that need it the most, using Btc. It provides provide a fully security audited system that makes it simple to store your cryptocurrency. Trust applications, designed for iOS and Android, provide the best possible experience and ease of use.
Quidax is a digital assets exchange that allows users seamlessly buy and sell cryptocurrency with their local currency. Select the cryptocurrency you want to buy. Then, select the currency you want to buy with. At LocalBitcoins, people from different countries can exchange their local currency into btc. By replying to these advertisements, a trade chat is opened and escrow protection is automatically activated. Escrow protects both buyer and seller by keeping the btc safe until the payment is done and the seller releases btc to the buyer.
There are actually more than enough online platforms you can purchase cryptocurrencies like bitcoin online. Note, if you want fast services, you can send us a message to let us know if you want to buy or sell.
Above are 5 online platforms that are comfortable for trading currencies in Nigeria. There are more buy I hope these will help. I am a student studying computer science. I'm a passionate blogger that loves reading and writing, business minded with solution to complete financial tips.
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