Where To Buy Bitcoin In Nigeria – Best Sites For Payment To Bitcoin Wallet
Although not everyone understands the word bitcoin or how it works, almost everyone has heard about it. There has indeed been a lot of questions about this crypto currency and exactly what it is about by those who do not know how it works and whether to make transactions with it or not. we’ll try to discuss the term bitcoin as elaborately as we can in this article with the hopes that it will answer some important questions about bitcoin.
Where to buy bitcoin in Lagos Nigeria
8 Akinfenwa Street, Off Thomas Salako Street, Behind Tantalizers, Ogba Bus Stop, Ogba, Ikeja, Lagos.
Instant Gold Nigeria
75 Mobolaji Bank Anthony Way
Ikeja Lagos Nigeria.
No 8 unity road, off awolwo way ikeja Lagos
No 5 Demurin Road, ketu bus-top ketu, Lagos
Take a bus to Iyana-ipaja,drop @last b/s, cross to other side, opp Taxi Park Iyana- Ipaja,
1, old Iyana-ipaja road, first green Building.
3 Ayangburen Road, Ikorodu garage, opp Roundabout Ikorodu Lagos.
SUNEJ GLOBAL VENTURES
Kings Plaza, 80 Adeniran Ogunsanya
Beside AXA Mansard, Surulere Lagos
Shop CA 10, TBS Auditorium, Car Park C
TBS Onikan, Lagos.
Shop C28, Assets Corp Plaza,
Opp Medical Road, Awolowo Way
Computer Village, Ikeja.
Shop A2027 Main Tejuosho Shopping Complex
Where to buy bitcoin in Abuja Nigeria
OGBENI BITCOIN TRADING
S0.16 New House of Reps Wing, National Assembly Complex, Abuja.
Where to buy bitcoin in Port Harcourt Nigeria
20 Mbonu street, Dline, Port Harcourt, Rivers State, Nigeria.
Where to buy bitcoin in Enugu Nigeria
Gold2Naira – Ekebs Global Limited
44 Presidential Road, Suite 40, Pinnacle plaza, Enugu.
08140185353, 08080754132, 08093721030
Where to buy bitcoin in Ibadan Oyo State Nigeria
Instant Gold Nigeria
Suite C3, AY Plaza, Opp. Bodija Market
SUNEJ GLOBAL VENTURES
27 Idi-ape Bus Stop, Opp Mr Biggs,
Along Iwo Road Ibadan.
Beside Total Filling Station
Olusanya Bus Stop,
Ring Road Ibadan.
Opposite Sango Garage,
21 Awolowo road
Opp New GTBank
Old Bodija, Ibadan.
Where to buy bitcoin in Oshogbo, Osun State Nigeria
3, Adams Shopping Complex, Akindeko Junction, Alekuwodo, Oshogbo.
Where to buy bitcoin in Benin City, Edo State Nigeria
SUNEJ GLOBAL VENTURES
OY Complex, 14 Aimure Avenue.
Ihama Junction GRA.
Benin City, Edo State.
Where to buy bitcoin in Ilorin, Kwara State Nigeria
142 Building, Ibrahim Taiwo road, Opp Hassanat Memorial Hospital, Ilorin.
Till date, the identity of the person who created this cryptocurrency is not known. All that is known is that someone with the alias of Satoshi Nakamoto created bitcoin in 2009. The rest is history. There is a reason why bitcoin was received the way it was by people and that is the fact that banks are not involved, and it can’t be said to be the property of any country or financial institution. This implies that there are no regulations about the way it is being put to use by the owners and all the limitations or fees such as credit card fees associated with trading with the normal currencies of different countries are totally avoided. Another reason it was also embraced is the cloak of anonymity associated with it meaning that people can make purchases or have transactions anonymously with it. Over the years people have used bitcoins for various reasons which include, booking hotels, making purchases, making payments internationally which is very easy because of the zero regulations, etc. Others just buy up the bitcoins believing that it’s value would increase and they would then cash out. This has actually happened before as in 2017, the value increased to the tune of thousands. Others also buy bitcoin not to use to make purchases or to make payments but to actually trade it, that is buying and selling of bitcoin with the normal currencies of any country that the people buying and selling the bitcoins are comfortable with. Actually people believe that this is the avenue by which a lot of money is made out of bitcoin, and this is a popular option most people take when it comes to making the most out of their bitcoins.
No doubt you now understand what the bitcoin is all about and it is not suprising at all if you have decided to have some bitcoins of your own and the question on your mind now must be how to go about it. Just keep reading.
There are various ways you can go about acquiring your own bitcoins. One of the well known ways is buying bitcoin. We mentioned earlier that people are involved in the buying and selling of bitcoins. Platforms for this are referred to as “bitcoin exchange” where people engage in the trade of bitcoins with different currencies of various countries. That is people buy or sell bitcoins using the normal currencies of different countries. Some of the popular bitcoin exchanges include; Coinbase, Bitstamp, Bitfinex, amongst others. However, you have to be sure of the exchange you want to make use of and be certain of how safe it is. Being security conscious is paramount as anything can happen. An example of such incident is the one that occurred with Bitfinex in 2016, they were hacked and bitcoins worth millions of dollars were stolen with no trace.
Another means of acquiring bitcoin is by transfers. Bitcoin can be transferred in the same way that money or airtime can be transferred, through the use of smart phones, computers and other internet enabled devices that can support such function. So if you do not want to get your bitcoin from the bitcoin exchange then you can do so through transfers at conditions that you and the person transferring to you have agreed on.
You can also get bitcoins through mining with your computer. Well just like the name implies, it involves digging for a reward. In this case people compete and try to solve complex math puzzles, and the reward for emerging as the winner will be bitcoins of a certain amount.
After acquiring your bitcoins, you need to think about the best way for you to keep and store them. This is achieved by the means of a bitcoin wallet. A bitcoin wallet is just like a bank account for your bitcoins only in this case the account is not with any bank nor is it monitored or regulated by any financial institution. The wallet can either be in cloud or on computer. You keep your bitcoins in your wallet until you have use for them. The fact that you have to be careful about your bitcoin wallet is an understatement, you need to be extremely careful much more than you would be about the bank details of your accounts in normal banks. This is because when something happens to your money in the normal bank accounts, your bank can sometimes help you retrieve the money. Sometimes when you mistakenly give out your bank details or you notice some suspicious activities in your account you inform your bank as soon as possible and the issue will more often than not be rectified. This is not a luxury you can afford with your bitcoin wallet which is why we keep repeating that you should be very careful. For the wallet in cloud, it could be hacked and some companies have defrauded clients and made away with their bitcoins. Regarding the wallet on your computer, you can mistakenly delete them or they could be destroyed and rendered useless by viruses. Whatever kind of wallet you choose just be careful about it.
You can acquire your bitcoins and go about to use them as you wish without much difficulty. Some people think that the technicality of transacting with bitcoins is too difficult to maneuver but it isn’t. After you have installed a wallet in your phone, computer or other internet enabled device that supports the function, a bitcoin address will be automatically generated. That is just a first and you can go ahead to create as many as you want as the need arises because you cannot use a bitcoin address more than once. The address is what you give to anyone who wants to pay bitcoin into your wallet.