Sunday 29 January 2017
Thursday 19 January 2017
Tuesday 17 January 2017
How to Use Bitcoin in Nigeria | What is Bitcoin (BTC) | How does it Work?
Have you ever Wondered how to use Bitcoin in Nigeria?… What is Bitcoin and How does it
Work here in Nigeria?…
This article is here to answer those queries…
What is Bitcoin?
Bitcoin is monetary platform that is
controlled by no one…
No one?
What does that mean?
Bitcoin users controls the system,
its termed a decentralized system...
Bitcoin is a currency that is growing
daily and it is represented by BTC…
Bitcoin is used for online shopping
where you transfer bitcoins from your bitcoin wallet to another user’s bitcoin
wallet…
Let’s use an image to describe what
bitcoin is…
Wait bro…
What is a bitcoin wallet?
I have skipped that part… I’m sorry
In simple term, a bitcoin wallet is
just like a bank not visible one but like a store for your money where you can
easily receive and send bitcoins from…
You can easily buy and sell Bitcoins
in exchange for Naira online but you must have a bitcoin wallet…
OK bro, How do I create a Bitcoin
Wallet Account in Nigeria
Bitcoin Nigeria Wallet Registration
You can register for a secured
bitcoin wallet with Blockchain or Coinbase because it is very secured..
We are talking about money here …
*Lol*
·
Register for a bitcoin wallet with Blockchain or coinbase.
·
Email verification message will be sent your mailbox
·
Confirm by clicking the confirm button
To see your bitcoin wallet address
Oh… What is
bitcoin address?
Bitcoin address is like a bank
account number ….
The bitcoin address is an
identification for your bitcoin wallet in which will be requested for when
buying or selling bitcoins …
Now we know what bitcoin wallet is…
What is the concept about Bitcoin
·
Bitcoin was created to ease stress of carrying money about, your bank is
on your phone or computer not a building
·
Coinbase provides a bitcoin wallet app where you can easily buy and sell
bitcoins..
·
Bitcoin runs under a system known as crypto-currency.
·
Crypto-currencies only exist as computer codes; they are not less real
than paper money is (fiat currency).
·
It has the advantage that a very large sum can be carried around in your
mobile phone, without inviting undue or silly attention.
·
The decentralized nature of bitcoin is another benefit it has over
normal currency.
·
Bitcoin is made possible by the blockchain technology created by the
inventor, Satoshi Nakamoto.
·
The most important benefit of bitcoin is the peer-to-peer nature without
central
governing body; it also involves the absence of a third party when sending money.
governing body; it also involves the absence of a third party when sending money.
·
The flow is usually from the sending wallet to the receiving wallet at
almost no charge.
Bitcoin rate is higher than any
currency in the world…
There is no rule against the transfer
of bitcoin unlike other currencies…
Sunday 15 January 2017
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