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Bitcoin ATM in Nigeria(how to locate and use a Bitcoin ATM)

Bitcoin ATM in Nigeria(how to locate and use a Bitcoin ATM)

Bitcoin ATM in Nigeria(How to locate and use a Bitcoin ATM) Bitcoin ATM looks like a normal atm machine, with some key differences and they also perform different functions. The first ever Bitcoin ATM was opened on October 29, 2013 in canada. Bitcoin ATMs usually comprises of a cash dispenser, a scanner and a computer to manage the transactions. Bitcoin are usually dispensed either to the buyers own wallet (via scanned QR code on the buyers mobile device or paper…

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Bitcoin mining in Nigeria (Getting started)

Bitcoin mining in Nigeria (Getting started)

Bitcoin mining in Nigeria(How to get started) Bitcoin mining is the process in which Bitcoin transactions are added to a public ledger called the blockchain. It is through Bitcoin mining that a new bitcoin is created. Bitcoin mining keeps the blockchain secure and ensures that bitcoin cannot be spent twice. In this post, am going to be writing about all you will need to know about Bitcoin mining, how to start Bitcoin mining in Nigeria and also if Bitcoin mining…

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The best bitcoin wallet in Nigeria

The best bitcoin wallet in Nigeria

The best bitcoin wallet in Nigeria The best Bitcoin wallet to use in Nigeria. A bitcoin wallet is a software program where bitcoins are stored. Bitcoin is a digital asset and as such, it does not exist in a physical form, so technically they can’t be stored. Instead, it’s the private keys used to access your public bitcoin address. A bitcoin address is similar to a bank account number. It’s a unique 26-35 digit combination of letters and numbers, with…

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7 best exchanges to buy and sell bitcoin in Nigeria

7 best exchanges to buy and sell bitcoin in Nigeria

7 best exchanges to buy and sell bitcoin in Nigeria Bitcoin is the most valuable and popular cryptocurrency, it was created by software developer satoshi nakamoto in 2008, but it wasn’t until 2013 that bitcoin really started catching public attention. Today one bitcoin (1 BTC) as at the time of writing this post is about 1.5 million naira. If you want to get in on the bitcoin train, you will probably need to know how you can buy or sell…

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How to make money with cryptocurrency in Nigeria

How to make money with cryptocurrency in Nigeria

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?

What is bitcoin mining? 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…

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8 ways on how to make money with Bitcoin in Nigeria

8 ways on how to make money with Bitcoin in Nigeria

How to make money with Bitcoin in Nigeria Bitcoin is a decentralized cryptocurrency that was created by Satoshi nakamoto in 2008. It was the first cryptocurrency that was created (or at least, the first we knew about). The value of Bitcoin has significantly risen over the years, although very volatile (since it’s value goes up and down), lots of people have been able to profit/earn from bitcoin, early adopters of this cryptocurrency have made the most profit. As at 2019,…

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What is an ICO?

What is an ICO?

What is an ICO? 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…

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What is ethereum?

What is ethereum?

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)

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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