How to make money with cryptocurrency in Nigeria

How to make money with cryptocurrency in Nigeria

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Make money with cryptocurrency in Nigeria Just before we go into detail of how to make money with cryptocurrency in Nigeria, let me remind you exactly what cryptocurrency means. A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units & verify the transfer of assets. Many cryptocurrencies are decentralized system based on blockchain technology. There are many ways to make money from…

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What is bitcoin mining?

What is bitcoin mining?

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The Bitcoin protocol stipulates that 21 million Bitcoin will exist at some point. What Bitcoin miners do is bring them out into the light, a few at a time. Bitcoin mining is performed by high powered computers that solve complex mathematical computations, these computations are impossible to solve by hand. When computers solve these computations, they add transactions to the blockchain and as a reward, they get a new Bitcoin. How does it work? What these computers are actually doing…

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How to make money with Bitcoin in Nigeria

How to make money with Bitcoin in Nigeria

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How to make money with Bitcoin in Nigeria Bitcoin is a decentralized digital currency, it was created by Satoshi nakamoto in 2008, but it only really started getting attention around 2013. It is the most valuable and popular cryptocurrency, as at the time of writing this, Bitcoin is worth 1,510,232 million naira. There are many ways with which one can make money with Bitcoin in Nigeria today, but the ones listed below are some of the best. 1. Trading Bitcoin…

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What is an ICO?

What is an ICO?

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ICO stands for initial coin offering, An ICO is a way of raising funds for new cryptocurrencies. It means that someone(or people) offer investors some units of a new cryptocurrencies or crypto token in exchange for other cryptocurrencies like Bitcoin(BTC), ethereum (ETH), litecoin(LTC). Why should I be interested in an ICO? Many ICO’s have been very profitable for investors, with an ICO, you get a token, these tokens do not give you any sort of ownership of this new project,…

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What is ethereum?

What is ethereum?

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What is ethereum (ETH) (Beginner’s guide) Ethereum(ETH) like bitcoin runs on blockchain technology, but ethereum and bitcoin are very different. To really understand ethereum, you must understand how the internet works. These days our personal data, passwords & financial information are stored on cloud servers owned by big companies like google, facebook, we trust them to keep our data safe (or we have to trust them), but a hacker or government can gain access to those information, meaning they can…

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What is bitcoin(BTC) (Beginner’s guide)

What is bitcoin(BTC) (Beginner’s guide)

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What is bitcoin(BTC) (Beginner’s guide) In order for you to truly understand what bitcoin(BTC) is, am going to break it down as much as possible. Think of bitcoin as money except that 1.  Unlike money, bitcoin is not printed. 2.  Unlike money, bitcoin is not controlled by organisations(banks). 3.  Bitcoin is limited, this means that a time will come when bitcoin will reach its maximum amount ( 21 million). Who created bitcoin? Bitcoin was created by a software developer Satoshi…

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