How to Start Investing Bitcoin In Nigeria in 2023

How to Start Investing in Bitcoin 

Bitcoin investing sites

Almost everyone has heard of Bitcoin in some way. Most people are generally listening to it, but they do not know what it is. For some others, their question is what is legal and how they can start, while for some others the question is what they can do with Bitcoin. In this article, we will see how to invest money from Bitcoin in Nigeria.

What is Bitcoin

Bitcoin is just digital money, meaning that using paper compared to Nera or the US dollar, Bactactic is absolutely paper-papered. This purpose was made from the country's intent to transfer money from the country, some also call them exposure to the border. Bitcoin is not controlled by any person, organization, or government against the regular currency (finite) but also controls the Bactucco users around the world.

Bitcoin Legal or Not?

For it is legal, in some countries it has been tagged illegally, although people are difficult to prevent using Bitcoin. However, in Nigeria, there are no rules/  policies against the use of cryptocurrencies. Bitcoin is 100% legal in Nigeria

What you can do with Bitcoin

What can be done in Nigeria with a Bitcoin, there are couple-used cases: use it as an investment vehicle to diversify your assets; value change like foreign exchange trading. Trading by avoiding demand. Bitcoin can also be used to move quickly and inexpensive borders.

Invest in Bitcoin in Nigeria

It is very easy to start investing in Bitcoin. This reverse two years ago, but with platforms such as Quidax, investments in Nigeria with Bitcoin are smooth.

You can start investing in Bitcoin as low as N50 and can fund your account through your debit or bank transfer. All you need to do is create an account, disconnect Nera from your wallet, and then buy Bitcoin.

Follow these steps to invest in Bitcoin in Nigeria by Quidax

Create an Account

1. Go to Quidax.com and click 'Create Account' in the menu

2. Fill in your details, submit, and email your email via the link to your email.

3. Go to 'My Account and click on confirmation of your identity

Depositing Naira in your Wallet

Click "Wallet" on the Web site menu.

Select "Bank Collection or Card Payment".

Submit the details that you want to submit and select a bank domain, and click 'Payment' or 'Submit'.

Enter your card details for the payment card and click Payment. If you choose a bank domain, transfer the account details, make sure to include the 'Disposable

 Reference Code' in the Transfer Summary.

Once you submit the Quidax wallet with the accumulated price.

Buying Bitcoin

Once you click Buy / Sell instantly in your wallet menu

When clicking the page load "Buy."

To buy as a currency select Bacterium (BTC) and as currency buy with NIRA (NGN).

In the amount of money, enter the amount you want to buy. Example: If you buy N5,000 BTC, type 5,000 in the field.

Alternatively, you can change "money to buy" using the double arrow on the right side of this field. In this case, type in the asset's volume you want to buy. Example: If you buy 0.5 BTC, type 0.5 in this field.

Verify all details.

Click "Buy."

By clicking 'Wallet' in the menu, you can check that you have been credited

Read Also: Top Best Cryptocurrencies to Invest