How to Make Money with Bitcoin, Ethereum, Litecoin, BNB in Nigeria
The buzz around Bitcoin and making money within Nigeria have been on the rise in recent years. Bitcoin is a cryptocurrency created by Satoshi Nakamoto in 2008 to create a decentralized means of using money for buying and selling.
Right now, there are so many cryptocurrencies out there in the market and investors are always advised to study and understand a project before putting in their money into it.
Apart from investing into Bitcoin, one can also make money from bitcoin by trading it on any cryptocurrency exchange site like
In this article, you will be learning how to make money with bitcoin 2019 and recent years to come. bitcoin investment in nigeria. So, If you have the question of how does bitcoin make money, then you’re in the right place.
So lets get started,
How to Make Money With Bitcoin In Nigeria 2019 | Ways To Earn Bitcoins in Nigeria
1. Buying and Investing Into Bitcoin:
One of the best ways to make money from Bitcoin is to buy and hold for some time, then sell off when value appreciates. in this Method, a term called HODL is applied, where one buys bitcoin and keeps it to some time regardless of the market volatility.
2. Bitcoin and Altcoin Trading:
Trading cryptocurrency is another way which people have been using to earn themselves lots of Bitcoin. This method involves buying Bitcoins and altcoins when the market is down and selling off after few hours or days when the value goes up a bit and buying it back when the market falls again. In this method on how to make money buying and selling bitcoin, one needs to be careful and watch the market movement closely to avoid losing money. Just like Forex trading, you can lose everything trading bitcoin. TO do this, kindly learn how to trade Bitcoin using any of the reputable cryptocurrency exchange sites before hopping in.
You can see a detailed guide given on how to trade Cryptocurrencies on Bittrex.
If you are in Nigeria or any other part of Africa, then, consider using ABJCOIN TRADE site which enables you to buy, sell and withdraw you money into raw Naira cash. So, apparently, how to trade bitcoin in Nigeria isn’t a problem with Abjcoin Trade. iF make money trading bitcoins
3. Gambling in Online Bitcoin Casinos
If you are really good with gambling, well this is another way to make money with bitcoins. There are several sites online that provide such services. All you need to do is registered with them and buy some game credits with bitcoins. However, some online casinos accept other digital currencies like Ethereum and Litecoin.
To start making money with bitcoins through gambling, you can check up some sites like Starcoin, Crypto Games, BetKing, and vDice. These sites have games like dice, roulette, poker, lottery or slots and so many more. So you really do not have to worry about running out of games to play. Also, note that Gambling is a game of chance.
CONCLUSION.
The future of cryptocurrency is looking bright. The adoption of the decentralized digital currency system is happening at a gradual pace. With time, it will be incorporated fully into the system. To make money with Bitcoin in Nigeria is not quite easy pretty simple if you master the system. With the above steps, you can be sure to start something with bitcoin and other cryptocurrencies. Also, ensure that you thread with caution as the price of bitcoin fluctuates in other not to lose greatly.
Now over to you, what other ways do you think one can make money with bitcoin in Nigeria? please share your thoughts in the comment section.
This article answers the following questions
- how to trade bitcoin in Nigeria
- bitcoin investment in Nigeria
- How to buy bitcoin in nigeria
- bitcoin mining in Nigeria
- how to earn bitcoin in Nigeria
- how to open bitcoin account in Nigeria
- bitcoin Nairaland
- how to trade bitcoins to make money
- how does bitcoin make money
