On this page, “Cryptocurrency blog Nigeria” we’ll give you some of the opportunities in the digital asset.
How you can safely tap into the many opportunities in crypto. And what you should do to avoid scam.
No one takes China’s cryptocurrency ban seriously anymore. In less than 10 years, the country has a history of five bans. It doesn’t look like its September 24 decision was the final because there are some platforms that enable transactions with little or no restrictions.
One of the cardinal reasons why peer-to-peer exchange (P2P) came into place is go give everyone the freedom to buy and sell cryptocurrency by removing the limitation that might have been put place by the government authorities.
On September 24,2021, eToro, a global multi-asset investment platform, announced the launching of a Decentralized Finance (DeFi) portfolio that put financial services on the blockchain.
In 2017, the world saw bitcoin rose from $900 USD to $20,000. It was unexpected. Those who were skeptical about investing in BTC before the all-time price regretted their action.
Nigerians have traded at $8,761,051BTC on two major Peer-to-Peer (P2P) platforms LocalBitcoins and Paxful even as the Central Bank of Nigeria continues to block financial institutions from facilitating all transactions involving bitcoin and other cryptocurrencies.
Residents of the United Kingdom can now buy and sell cryptocurrencies starting this week, a press release by the global payment platform said Monday, August 23, 2021
Bitcoin crossed $50,000 (N25,999,830.26) on Monday, August 23, 2021 for the first time since May. It made a significant come back rising sitting at $50,348.73 at the time of publishing this report.
There are several platforms on the internet where you can conveniently exchange gift cards with bitcoin and in your local currency. One of them is Bidali. We’ve also included major platforms that let you exchange gift vouchers for fiat currency (e.g Naira) if you’re a Nigerian resident.
In this era of digital currency, it has become more convenient for people to earn profit in a more secure, transparent, and easier way. But it has given rise to cybercrimes as any government or specific bank does not control bitcoin, so there are no limitations of activities performed by the people.
Purchasing considerable amounts of Cryptocurrency is not an economically realistic investment option for many people. However, the great thing is that there have been more options than ever before for people who want to generate Cryptocurrency.
What Bitcoins Are?
Bitcoin, usually described as encrypted currency, virtual currency, or digital currency, is an entirely virtual currency. However, some companies started to buy their growing influence. Bitcoin is a decentralized virtual coin that removes the need for intermediaries like banks and governments, the usage of alternatively a peer-to-peer pc community to verify purchases without delay among users.
Users of CoinJar can now make purchases with crypto MasterCard across Australia, the longest cryptocurrency exchange in the country said in an official message on Tuesday, August 3, 2021
The International Monetary Fund (IMF) said it is too early to make cryptocurrencies like bitcoin, ethereum, and bitcoincash among others a legal tender.
One of the best pieces of news to the cryptocurrency community in Nigeria lately is the announcement by the Security and Exchange Commission (SEC) that crypto-based companies will now have to be certified by the regulatory body. For us, the decision of SEC will definitely increase the adoption of bitcoin, ethereum, litecoin, bitcoin cash and other coins in Nigeria.
Faucets, crypto micro-tasking, seeking support, gaming, and giveaways are some of the ways to earn cryptocurrency and get free bitcoin. If you’re wondering how that is possible, I’ll reveal several ways to earn free coins on the internet right now without any investment.
There are some platforms that allow you to buy and sell cryptocurrencies without restrictions, they are called Peer-To-Peer (P2P), where buyers and sellers meet to carry out crypto transactions.
The furore over the ban on the use of bank account to fund cryptocurrency trading activities isn’t over.
As we write some bank accounts have been banned for using their accounts to fund or receive bitcoin payment.
One of the major cryptocurrency platforms operating in Nigeria BuyCoins Africa has disclosed that it’s working on how to introduce a new deposit option in BuyCoins wallet.
Major cryptocurrency trading platforms like Binance, Luno, BuyCoins Africa, YellowCard, Quidax, and others have suspended naira deposits.
This followed the directive of the Central Bank of Nigeria that financial institutions should not provide crypto companies or users with the services any longer. Although, the apex bank will be launching its own digital currency called eNaira on October 1, 2021.
The Bitcoin price (BTC) has finally surpassed its $20K benchmark for 2020, trading at $22,753 (N10,881,625) at the time of this report, that the highest price in history.