How Bitcoins Work’s And Where to Purchase Your Bitcoin

Bitcoin has far become so popular that it is now everywhere online! Many people have been asking how they can get to know Bitcoin more so I have decided to explain all the basic ins and outs.You will LearnWhat is Bitcoin?How it worksHow you can get a Bitcoin wallet free of chargeHow to fund your Bitcoin WalletWays to double/grow your BitcoinWhat is Bitcoin?Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins are not printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.How to get Started with BitcoinThe first step to getting started with Bitcoin is to get a bitcoin wallet which would be explained below in some short and simple steps.A Bitcoin wallet is like a bank that helps store all your obtained Bitcoins. There are different Bitcoin sites where you can create a bitcoin wallet for free, examples are:CoinbaseBitx.comBlockchain.infoBut I personally recommend blockchain.info because I have been using them for quite some time now and have had no issues with them, though other Bitcoin wallet websites are ok too, But I am going to be using Blockchain.infoNow that you’ve had knowledge about Bitcoin wallet, it is time you get to know how to create a bitcoin wallet which would be explained below:How to get a Bitcoin Wallet from BlockchainStep 1. Visit blockchain.info and click on Wallet >> Get a Free Bitcoin Wallet, this registration would require you to input your email address and other necessary information. Make sure to provide the correct detailsStep 2. You would be asked to confirm your email make sure to do so, and also take/not down your wallet ID because it is what you are going to be used to Login to your Bitcoin Wallet (Blockchain).Step 3. Now that you are all set, it’s time to fund your Bitcoin WalletHow to fund your Bitcoin WalletNow there are two ways to fund your Bitcoin walletMining Bitcoins:This process is free but I personally do not recommend it because most of the bitcoin mining sites end up being a scam. Example of some sites that allows you earn free bitcoins is bitminer.io, coinn.io, earnfreebitcoins.net and lots other.I am not condemning the sites but I share from my own personal experience, while there are scams; there are also legit ones. So it’s up to you.Buying BitcoinsThis is the most recommended way because the transaction is discussed between two parties i.e. You (The buyer) and the second party (The seller).But you have to trade carefully as there are scammers everywhere Apart from this there are also sites online where you can buy bitcoins e.g. 247xchanger.com, 9jacash.com, 247exchanger.com, etc.You can search on google with the keyword “Where to buy and sell bitcoin in nigeria”. Now that you know how to fund your Bitcoin wallet you might be asking “How to Double my Bitcoins or Earn Bitcoins” There are many ways you can double your bitcoin wallets which are mentioned belowWays to Earn Bitcoins and Perhaps Make money from itThere are many sites you can invest your Bitcoin to get double in few days/months but in the process of doing this, you have to be careful!You could search up google for “Invest in Bitcoins” and there’d be a lot of them available.You simply join the programme and help a member of the community with some bitcoins and you in return get some of your investment.Let’s take for instance you join the programme and invest $10 bitcoin, you get 100 or the stated at the end of the month, weekly etc..Last but not the least you may want to ask “How Do I convert this bitcoins to Cash”?How to Convert Bitcoins to Cash and Send to your Local Bank AccountTo convert your bitcoin to cash, follow the below explanation.After growing your bitcoins, a great way to convert it to physical cash is to sell it!Bitcoins rate increases day by day and many people are in need of it either for investment, for resale etc.So you can actually sell your bitcoins for cash! Some sites you can sell your bitcoins are 247xchanger.com, you can check google for sites where you can sell your bitcoins instantly, you get paid the cash directly to your bank account while you send them a number of bitcoins required.So I believe by now I have been able to explain to you in details How Bitcoin Works.Legit Nigerian Sites to Buy and Sell Bitcoins LegallyIf you are looking for Best and Trusted Nigerian sites where you can buy and sell bitcoins, then check 247xchanger247xchanger247xchanger.com is operated by Rivox Solutions NIG. LTD which is a registered company with CAC. The company is registered to provide e-commerce services, Internet Marketing, ICT, e-currency exchange, etc.On 247xchanger you can buy your bitcoins either for re-sell, investment etc. While you can also, sell bitcoins if you want to convert your bitcoins to cash. Apart from buying and selling bitcoins.To get started you should head into 247xchanger.com and SignUp, then carry out your transactions.I have personally used them, and their service’s fast and trusted. So you have no fears transacting, You can trade with them safely and if you face any difficulties while surfing through their site, do not hesitate to contact their support team.

139 Views

About Ajay Singh 150 Articles
Hello friends I'm Ajay Singh Chauhan And I'm here to help you in earn money online; Monetization of websites;and much more...

Be the first to comment

Leave a Reply

Your email address will not be published.


*