How to invest in Bitcoin in Nigeria
Bitcoin , a digital currency created by Satoshi Nakamoto in January 2009 has over the last couple of years gained popularity in Nigeria. However most people who have heard of it aren’t sure what it is while some o thers are curious as to whether or not it is legal. For others, the question is how they can use Bitcoin. This article will discuss how to make money and invest in Bitcoin in Nigeria. WHAT IS BITCOIN Bitcoin simply put is digital money (cryptocurrency). This means that it is different from Naira and the US Dollar which make use of paper. Bitcoin was created to make it easier to transfer money between countries, some even refer to it as ‘borderless money’. Bitcoin unlike other regular currencies isn’t controlled by a single person, organization, or government, but rather it is controlled by Bitcoin users all over the globe. IS BITCOIN LEGAL? In certain countries it has been tagged as illegal but it is difficult to restrict people fr...