Nigeria: Buying Bitcoins Online: How And Where To Get BTC

If you are looking for a place where you can get the ropes of trading with bitcoins, you couldn’t find a better place to start at! Investors are heaping on the BTC wagon as the value of it grows daily. Does not show any signs of stopping in the foreseeable future.


This article represents an exhaustive pool of information about bitcoin in terms of where, how and when can you buy the cryptocurrency. After our review, you can be sure that as we walk and guide you through, you will gain answers to many important questions that each bitcoin investor needs to be aware of:


1.bit.ly Can I buy bitcoin online?
2. How to earn online from bitcoin trades?
3. What buying methods exist out there for bitcoin?
4. Where can I purchase BTC?
5. Where should I keep BTC? 6. What kind of scams. Frauds should I be aware of? What kind of scams. Frauds should I be aware of?
7. How to get paid in bitcoin?





Best Ways to Buy BitcoinsBuying and selling bitcoins could be done in numerous ways with each of them having their own pros and cons. The easiest way for someone else is not necessarily the best way for you, depending on where you live and what purchase method you could use.

Here’re the best ways to buy bitcoins using a credit card or bank account:

Coinbase - USA, Canada, UK, Europe, Australia, and Singapore;
Coinmama - Worldwide;
- CEX.io - Worldwide;
- BitPanda - Europe.bit.ly


You can also check out our complete guide on how to buy bitcoins with a bank account or ACH bank transfer.





Purchasing methods have their own limitations and perks, so make sure you analyze each of them to be sure they fit your needs. We are a group of professionals dedicated to offering only the most accurate. Relevant information available to our buyers concerning the bitcoin. We provide all necessary tools to harness knowledge. Information for our customers.





We list all of the top sellers in the world, along with all the stats and facts that you need to know about while trading with bitcoins. Add to that up-to-date market analysis, professional opinions, and a growing community of our customers and you have a recipe for success.

Why Is Bitcoin So Popular?How long has BTC been around us? BTC has been around for quite some time actually, from 2009 to be precise due to its popularity. There are several reasons for bitcoins popularity, one of them being fast growth in value for the past few years. From $1 in 2009 it quickly grew. Is certainly a reason enough for investors to join the wagon.


It is the first cryptocurrency in the world, completely decentralized and market-oriented, making it quite attractive to invest in. Nobody controls it but the market and its community are growing each day, creating more room for bitcoin to thrive.


Bitcoins PriceSince it is decentralized, BTC’s value does not depend on one source like other currencies do but is rather market affected. From $1 in 2009, its value is constantly growing, which says a lot about its potential and what to expect in the future.


It is highly fluctuating currency, meaning you have an opportunity to buy cheap BTC one day, only to sell it much more expensive the very next day and earn nice profit out of the trade.





Best Bitcoin Exchanges and TradersCurrently, there are many brokers specialized in bitcoin trade that you could choose to work with, depending on their BTC trade services and location. They vary according to their regional service, transaction fees, purchase fees, and platform. Each of them has their pros and cons that you need to be aware of, while it is quite permissible to trade with more than one broker. Some of more famous of them are LocalBitcoins, BitQuick, LibertyX, Wall of Coins, Coinbase, Coinmama, BitPanda and many others. See the full Top 100 Bitcoin Exchanges List.


At this moment, Coinmama exchange supports 40 U.S. states

Buying BTC AnonymouslyDepending on the level of privacy you wish to maintain, it is quite possible to purchase BTC anonymously.


There are exchanges that offer the anonymous purchase of bitcoins without verification, apart from a credit card, but take into account that limits, in that case, are low in most exchanges.





Some exchanges offer cash purchases without any sort of verification, especially those that are peer-to-peer based and ATM BTC cash out purchases are also privacy friendly. Whatever methods you choose to make sure you research the exchange you wish to buy bitcoins from to avoid scams and ID information theft.

When Will You Receive Your BTC? Depends on the method you choose. Broker you trade with. Cash transactions depend on exchange and on the broker as they could take their time verifying your payment (from 3 to 24 hours). Credit/debit card payments are usually instantly carried out, as is the purchase of BTC through ATM machine, but they usually take high transaction fee compared with cash purchases.


Problems with Bitcoin: Scam Sites and MiningsIf the product or asset is experiencing sharp growth, so does the number of scammers and scam sites that wish to profit unfairly from it. Many of them would offer you promotions that "you cannot pass", unrealistic returns for bitcoin investments. They are becoming more sophisticated in their schemes. Very often cannot be outright deemed as real or fake.





Their website might look professional, have great customer service and would even fabricate information and location information in order to lure you into investing your money in them, only to never see either bitcoins or investment ever again.

A way to hedge against such scams is to communicate with bitcoin community to identify these sites and dig information about them.bit.ly You could also visit website like BadBitcoin who lists problematic exchanges and their tactics of luring investors in. Fees vary from exchange broker to next. Between purchase methods. Cash purchases could vary from 1% to 2% if the transaction is done through peer-to-peer or 6% to 10% if purchased directly from exchange broker. ATM purchases could vary from 6% to 10%, while credit and debit card purchases vary from 3% to 4%. For example, Coinbase deposit fees vary from 0% (ACH transfer) to 3.99% (debit/credit card).


Privacy is also viewed as added value to the customer, thus those exchanges that offer a high level of privacy through anonymous purchases charge a lot higher transaction fees than those that do not.





BTC Payment: How to Buy Bitcoins?There are many ways to turn paper money into BTC and each of them carries different perks and issues with them. These methods are:


1. Cash.bit.ly
2. Credit or debit card.
3. PayPal.
4. Bank transfer.
5. ATM.
6. Virtual card purchase methods.


At this moment, Coinmama 40 U.S. states


The number of exchanges, as mentioned before, is growing and there are many exchanges and traders willing to trade with you. The BTC purchase could be done through peer-to-peer or directly with one of the best bitcoin exchange broker.


Best Bitcoin Wallets: How to Choose Right?There are several wallets variants that you can choose from.bit.ly They differ in terms of security from theft and hacking schemes and pricing. Each of them has their pros and cons that need to be considered when choosing which type of BTC wallet to have. There are three categories of BTC wallet currently in the market, them being web-based e-wallets, Armory wallet software, and hardware wallet.