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In this article, you will learn the best way to buy and sell bitcoin and other cryptocurrencies in Nigeria. Bitcoin is a digital asset that makes use of public ledger known as blockchain as a record history of all transactions broadcast on the network. The digital asset requires a private key to spend the coin. Bitcoin serves as a digital currency and aims to replace our traditional currencies (NGN, USD, EUR, etc) in future. It can be used as a means of sending payment from and to anywhere around the world with just a minor network fee as transaction fee. All it takes to buy bitcoin in Nigeria is the receiver's wallet address. With this, the seller can send bitcoin to any bitcoin wallet address of someone in any location. You might also like: how to trade cryptocurrency in Nigeria by yourself Difference between cryptocurrency and bitcoin Before we dwell into buying or selling bitcoin and other cryptocurrencies in Nigeria, there's need for you to understand the difference betwe...

Learn everything you need to know about bitcoin and how it works for beginners in Nigeria. In this article, you'll learn everything you need to know about where to sell bitcoin in Nigeria, best site to buy bitcoin in Nigeria, bitcoin companies in Nigeria and the legality of bitcoin in Nigeria. What is bitcoin Bitcoin is an electronic currency, a cryptocurrency that works using computer codes. It works by verifying transactions over a public distributed ledger called the Blockchain. Bitcoin was founded in 2009 by an anonymous user or group named Satoshi Nakamoto. How bitcoin works Bitcoin works using a public distributed ledger called a Blockchain to keep track of transaction records from the beginning of the first transaction till the latest transaction. Users of the Blockchain broadcast their transactions which is added to a block by the network nodes. The network nodes sign and verifies the transaction and add it to its own ledger called block, validate the block, add ...