Key points
- Investing or trading Bitcoin in Nigeria is not an illegal activity.
- Bitcoin’s value is currently derived from its finite supply, its current adoption as a payment option and its adoption as a store of value by high earning investors.
What is Bitcoin?
Bitcoin is the first and largest digital currency in the world today. It was created by an unknown person or group under the name Satoshi Nakamoto in the year 2009 and since then, the digital currency has been on the news for one reason or the other. Just recently, it was on the news because the current price of one Bitcoin rose to the highest it has ever been since its creation — $23,000.
Read more on Understanding Bitcoin and Common terms used
Many other not so positive information has been tagged with the Bitcoin currency. For one, it is the fact that trading Bitcoin is illegal. It is important to clarify that as long as there is no law in Nigeria or other parts of Africa that clearly states trading Bitcoin is illegal, then the trade is as legal as FOREX or any other legitimate trade in the country.
Read more on Debunking Common Myths About Bitcoin in Nigeria
How to Trade Bitcoin in 3 easy steps.
- Open a trading account with Cordial Exchange. This is easy and very fast. Just register at cordialexchange.com, and you would be given two wallets automatically; your Naira wallet, and your Bitcoin wallet. Both are very secure by the way. The Bitcoin wallet is needed to store, buy or sell Bitcoin to other Bitcoin holders who have Bitcoin wallets. It is easier and much more convenient when such transaction is made with a Cordial Exchange wallet holder. All you need is the person’s username and you can transfer as you please without any stress. The same principle applies to the Naira wallet. While you are logged in, you may also choose to get familiar with the platform. It is user friendly, and convenient to use. Even as a beginner, you can easily navigate your way through all the options available.
- Fund your account. This is a necessary step to take in order to buy Bitcoin to store in your Bitcoin wallet. There are two major ways you can buy Bitcoin on the platform. The first is with your local currency via a national Bank transfer. Once you make a deposit into your Naira wallet via a transfer from your preferred bank, you can easily go to your Bitcoin wallet, click on Buy Bitcoin, fill in your preferred amount, and you are good to go. You can also use Giftcards. At Cordial Exchange, we only BUY Giftcards. In a bid to sell your Giftcards to us, you may request that the funds be transferred to you in form of Bitcoin instead of your local currency.
- Once all of that is done, you have easy access to Buy Bitcoin, or Sell Bitcoin as you please. You can check our post here on How to make money trading Bitcoin in Nigeria to learn how to gain cool profits on your Bitcoin trading adventure.
Why Trade Bitcoin with Cordial Exchange
Cordial Exchange is an industry leading Exchange/Broker with the most favourable rates, and crypto trading options in the crypto market. We provide:
- Upmost Value: We provide the best value of Bitcoin with amazing rate offers you can NOT take off your table.
- Round the clock service: We are here for you 24/7. Bitcoin never sleeps, why should we?
- Uncompromised security: Full standard security on your Cordial Exchange wallets.
- Limited risk: We give you full liability of any loss that is less than likely to occur.
- No hidden fees: No hidden charges over transactions. Zero bank charges apply.
- Flexible trading options: We offer crypto to crypto services, along with crypto to Naira and other fiat currencies or items of value. This way, it is easy for you to own a portion of the largest digital currency.
- Trusted by thousands. If they can trust us, you can too.
Why Bitcoin is Popular
Bitcoin is the largest cryptocurrency in the world today that many high earned investors are looking to invest in. More so, experts have predicted the possible value at which Bitcoin could rise to in upcoming years. This is as a result of the finite supply of the currency. Many financial institutions have started recognizing Bitcoin as collaterals for loans, a store of value and payment options. Finally, the media has also played a huge part in popularizing the digital currency. Once any news about Bitcoin arises, they carry it to the air, and soon enough, it starts to spread like wild fire.
Read more on Why Bitcoin price is rising to get more interesting facts about the digital currency.
Need Help Trading Bitcoin?
We take pride in seeing Nigerians advance to the next level of digital finance, and we are ready to provide you with ease, seamless service, upmost security and a cordial support as you trade with us.
- Feel free to contact us directly here:
- Or visit cordialexchange.com to sign up, and know more.
- Start trading NOW with as low as Five thousand naira.
Follow these easy steps to guide you on how to trade Bitcoin in the year 2021
