NIGERIA – BITCOIN COMMUNITY
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Getting Started with Bitcoin

Getting Started with Bitcoin

Congratulations and welcome to the world of bitcoin. You have chosen to be in full control of your money. the following are the major things you need to get started.

  1. Bitcoin Wallet

Bitcoin have not physical representation so it is held electronically using what is called bitcoin wallet. The bitcoin wallet is similar to a bank account, but there are differences so i will further explain in below using their differences. 

                                local currency                   bitcoin
                                                bank                    wallet provider
   account  number(usually one)                    wallet address (unlimited)
                           (eg 0923413423)                   (eg 1E2RQg44Ejucv5J9VSVezyVvZVLmQxXWJB)

bitcoin wallet are free and easy to create, what you basically need is your email address and phone number if you want to tighten your security to your account. also unlike the bank, the wallet provider does not have access to your bitcoin. it is solely controlled and can only be accessed by you.

Now go ahead and open a bitcoin wallet using www.blockchain.info or www.coinbase.com

          2. Funding your wallet

Once you have created a bitcoin wallet, the next thing it to credit it with bitcoin. to credit you bitcoin wallet you have to employ the services of a bitcoin exchanger, you will pay them in to their bank account in naira and they will credit your account with the equivalent in bitcoin. the same thing goes when you want to convert your bitcoin to naira. there are lots of reputable bitcoin exchagers in Nigeria, they include  localbitcoins.com, naira4dollar.com, nairaex.com, instantgold.ng, winkpayment.com.ng, etc.

 

          3. Start investing an earning bitcoin.

       click here to see the ones’ we have tested and approved.