Bitcoin Nigeria - How To Buy or Earn Bitcoin In Nigeria

In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. In this article I’m going to show you the newest methods, and websites, you can get bitcoin free and fast.


If you are new to the world of Bitcoin/Cryptocurrency, one of the best ways to get acquainted with the Bitcoin technology is to own your first Bitcoin. We have highlighted 6 ways you can earn free Bitcoin online. But first If you don’t have a bitcoin wallet then you cannot receive Bitcoin. To create a free Bitcoin wallet go to Luno.com or blockchian.info. You can also read bitcoin investment opportunities in Nigeria.

6 Best Ways To Earn Bitcoin In Nigeria

1. Earn Bitcoins by Selling Your Stuff Online

Selling a product online for bitcoin is a fun way to earn Bitcoin. Bitify is a great place to easily earn Bitcoin by selling your stuff you have laying around for Bitcoin. It can be a digital product, ebook, or even a physical product like a wristwatch, necklace, etc.

2. Earn Bitcoins for Completing Micro-Task

Bitcoinget is a fun way to earn Bitcoin. You earn Bitcoin by completing a micro-task such as completing a job, taking a survey etc. Registration is not required to complete a task, all you need to get started is your Bitcoin address.

3. Get Bitcoin on Bitcoin Faucets

Bitcoin faucets are systems that reward users in Satoshi (1 Satoshi = 0.00000001 bitcoin) either on a website or on an app. The Satoshi you earn can be claimed every 5 minutes. Users are rewarded by viewing ads, completing a captcha or simply staying on the website. MOONBITCOIN is one of the most trusted and well know Bitcoin faucet. You can earn free Satoshi by staying on the site and much more when you perform certain tasks such as completing a survey.

4. Get paid in Bitcoin to Read Books

Anyone that enjoys reading can get paid in Bitcoin for doing what they love; ‘reading’ Paidbooks.com is a website that pays you in Bitcoin to read classic books. Although the pay is quite small, it doesn’t hurt to get paid while at your hobby.

5. Earn Free Bitcoin for Retweeting

If you have 100 twitter followers and above, then you can earn from your twitter followers on bitcoin.com. Birds.bitcoin.com pays you for retweeting a post. The more tweeter followers you’ve got, the more you will earn.

6. Earn Bitcoin by Writing for Websites

If you are a good writer and you enjoy writing, you could earn up to $35/ hour by writing articles for people who need them. The best way to do this is to look for blogs that are looking for writers. You can find this at xbtfreelancer. They have a large aggregate of Bitcoin jobs out there.

Once you have made a substantial amount of bitcoin, you can convert them to your local currency at Remitano.com

The 5 methods above is a good way to earn your first bitcoins and  experience what bitcoins feels like but the number of bitcoins you can earn from them is not worth your time. For example, browsing on a bitcoin faucet website all day can only earn you about $2 in bitcoins.

Although, since it is in bitcoins, it may be worth more in years to come considering that in 2010 bitcoin faucets were giving as much as 5btc per task back then 1btc was about $0.00008. Now, 1btc is about $7,800.

How To Buy and Sell Bitcoin In Nigeria

If you are looking for how to buy Bitcoin, search no more because this article is a tutorial of how to buy Bitcoin in Nigeria. The section will explain everything you need to know about Bitcoin, buying and selling and how it works.

It is not physical yet more real than any form of money earlier used. It exists on a technology called Blockchain which helps to store all the information and transactions about all the Bitcoin that ever exist. The information on Blockchain can never be destroyed or manipulated. Also Blockchain cannot be controlled by one central body or government, making Bitcoin the best form of money to ever evolve. With Bitcoin, you are simply your own bank, as you can spend your money anytime, anywhere, with no restrictions whatsoever.
Recently Bitcoin has gained more popularity in the world, and even in Nigeria, people now choose to send money to their families and friends using this unique form of money. Young men and women working online now prefer to receive payment with Because of the advantage it has over ever dropping value of naira.
With this new form of money (Bitcoin) gaining popularity and acceptance around the globe, how can you as an individual benefit from it? I have tried to list a few ways to get you started.

Ways of Making Money With Bitcoin In Nigeria

1. Trading bitcoins

Buying and selling bitcoins is probably the fastest and easiest way to try and make some money with bitcoin. Just like the stock market, bitcoin trading involves buying at a low cost and selling when the price has gone up. Bitcoin is a volatile currency which means the rate can rise or fall several times day with margin of $10-100 per bitcoin value.

2. Remittance

Nigerians living in diaspora and those doing business across Africa, China and the world can save on money transfer fees and foreign exchange rate by sending money in Bitcoins, this would save time and reduce over 10% fees charged by several Money Transfer Operators. Bitcoin exchanges are available all over the world, allowing users to convert any currency into and out of Bitcoin.

How to Buy and Sell Bitcoin In Nigeria

You can exchange your Naira Currency for Bitcoin and Bitcoin for Naira Currency with ease in Nigeria at www.nairaex.com
In a quick summary, a bitcoin trading process involves 3 simple steps which include:
  1. First you’ll need a bitcoin wallet – an app that lets you receive, hold, and spend bitcoin.
  2. Open a Bitcoin trading account in Nigeria at NairaEx website on www.nairaex.com, buy your first set of bitcoins and transfer it to your bitcoin wallet. Bitcoins are divisible, you can buy as little as $10 worth of bitcoin without no extra fees.
  3. For day trading, open trading accounts with some of the major foreign bitcoin exchanges and load it with Bitcoin funds. This will allows you to trade bitcoin directly with other fiat currencies such as USD,EURO,GBP.

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