How to Make Money with Bitcoin in Nigeria

How to Make Money with Bitcoin in Nigeria-The Easy Way

First and foremost, what is Bitcoin? You don’t know? OK, Bitcoin could be regarded as virtual money or e-currency used on the internet. And the good thing about it is that it is widely accepted and can be used as a means of making money online if you know what you are doing. Recently, I wrote about E-dinar coin, that is another version of Bitcoin that was introduced and growing and as at the time of writing this post, and it is still at the mining stage, which means you can invest in it know before they stop mining.

That is how many people that invested in Bitcoin back then became rich because over time the value appreciated and it is now selling for more than a $1k per Bitcoin. Someone bought $27 worth of bitcoin then in 2009 when it came out newly and forgot about it only for him to check after some time to discover that he has become very rich? Read all about it here.

Bitcoin is becoming more and more accepted around the world, even here in Nigeria, some supermarkets are now accepting Bitcoin as a mode of payment. You can make payments using via Bitcoin wallet to wallet transfer or scan codes. To many that do hear about Bitcoin they might be thinking It is difficult to buy, sell or even make payments with Bitcoin, but on the contrary, it is as simple as eating a piece of cake.

How to Make Money with Bitcoin

To make money with Bitcoin, you have to, first of all, create a Bitcoin wallet with blockchain and you can do so by going to blockchain.info for free. I will be writing another article on how to sign up or create a Bitcoin wallet with blockchain. Meanwhile, if you do not see any related article to Bitcoin that pops up that means I have not written about it. You can reach me by sending an email or dropping your question in the comment box below.

You can also fund your Bitcoin Wallet with naira as well; the article on how to fund your Bitcoin wallet with naira is also coming soon, but feel free t o drop any question you may have in the comment box below.

Make money with Bitcoin By selling

When you have successfully opened a Bitcoin wallet with blockchain and funded it you can decide to be selling your bitcoin when it has appreciated because it appreciates every now and then. It could be in few days or weeks depending on how much you wish to get as profit after sells.

Make Money with Donation Networks

This method is the one Nigerians are mostly using to make money online by participating in donation networks where they will donate money in Bitcoin and in certain days they will be paid with an additional percentage on top. Now, there are some donation networks that provide Bitcoin donation option such as MMM Nigeria, Zarfund, Five2btc, etc. But I must warn you if you wish to make money through this means make sure that you read their terms and conditions properly so that you will know what you are getting into.

Conclusion

Investing in Bitcoin is a reliable means of making money online but if you wish to build an online business instead, then sign up to Wealthy Affiliate where you will be taught on how to build your online business based on your passion. So, it is possible to make money while you are doing what you are passionate about, isn’t it awesome?

If you have a further question on anything, do not hesitate to holler at me in the comment box below.

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