Fri. Oct 7th, 2022

Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin can be purchased in person or online with a credit card or bank transfer. Coinbase is a popular website that allows users to buy and sell bitcoins with a credit card or bank transfer. LocalBitcoins is another popular option that allows users to buy and sell bitcoins in person.

To convert bitcoin to naira, you will need to use a bitcoin exchange that supports naira. BitPesa is a popular bitcoin exchange that supports naira.

Once you have found a bitcoin exchange that supports naira, you can create an account and deposit naira into your account. Once your account is funded, you can then buy bitcoin. Once you have bought bitcoin, you can then use a bitcoin ATM to convert your bitcoin to naira.

Other related questions:

Q: Where can I convert my Bitcoin to naira?

A: You can convert your Bitcoin to naira at any Nigerian cryptocurrency exchange.

Q: How much is 1$ BTC in Nigeria currency?

A: 1 BTC is equivalent to about 973,000 Nigerian Naira.

Q: Which app can i use to convert my Bitcoin to naira?

A: There are many apps that you can use to convert your Bitcoin to naira, but we recommend using the Coins.ph app.

Q: How do I sell my Bitcoin on Blockchain?

A: There is no one-size-fits-all answer to this question, as the best way to sell your Bitcoin will vary depending on your personal circumstances and preferences. However, some general tips on how to sell Bitcoin on Blockchain include:

– Choose an exchange or marketplace that supports the sale of Bitcoin.

– Set up a wallet on the exchange or marketplace platform.

– Connect your Bitcoin wallet to your bank account.

– Choose the amount of Bitcoin you want to sell.

– Enter your payment details.

– Confirm the transaction.

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