How to buy bitcoin with Debit card


Bitcoin investment


Almost all of us have by hook or by crook heard of Bitcoin. Most human beings normally heard about it in passing but don’t recognize what it's far. For some others, their query is if it is prison and how can they start, while for some others the question is what can they do with Bitcoin. In this text we will study how to make investments and make money from Bitcoin in Nigeria.

WHAT IS BITCOIN?

Bitcoin is sincerely digital cash, that means that in contrast to Naira or US Dollar that uses paper, Bitcoin is completely paperless. It turned into created with the intention of making it less complicated to transport cash from united states to Nigeria, a few even call it without boundaries cash. Bitcoin, not like ordinary currency (fiat), is not managed with the aid of any unmarried individual, organisation or authorities instead is controlled by means of Bitcoin users round the arena.


IS BITCOIN LEGAL?

As to whether or not it's far criminal, in some international locations it has been tagged as illegal although it is difficult to restrict humans from the usage of bitcoin. However, in Nigeria, there are no laws/regulations in opposition to the use of cryptocurrencies. Bitcoin in Nigeria is a hundred% legal

WHAT YOU CAN DO WITH BITCOIN

Regarding what are you able to do with Bitcoin in Nigeria, a pair use cases are: using it as an funding vehicle to diversify your belongings; buying and selling through making profits off the fee fluctuation similar to foreign exchange buying and selling. Bitcoin also can be used to switch cash across borders faster and cheaper.


HOW TO INVEST IN BITCOIN IN NIGERIA

On the way to begin making an investment in Bitcoin, it’s quite clean. A couple years ago the reverse became the case but with structures like Quidax, making an investment in Bitcoin from Nigeria is seamless.

You can start investing in Bitcoin with as low as N50 and might fund your account with either your debit or via bank switch. All you want to do is Create an Account, Deposit Naira into your Wallet and then Buy Bitcoin.

Follow these steps to invest in Bitcoin in Nigeria using Quidax:

1. CREATING AN ACCOUNT

Go to Quidax.Com and click ‘Create Account’ within the menu

Fill to your information, publish and confirm your email thru the hyperlink sent on your e mail

Go to ‘My Account’ and click on affirm your identification

2. DEPOSITING NAIRA IN YOUR WALLET

Click on “Wallets”  within the website menu.

Select both “Bank Deposit or Card Payment”.

Enter the details of how a lot you need to deposit and click on on ‘Pay’ or ‘Submit’ in case you decided on financial institution deposit.

For card charge enter your card info and click on Pay. If you selected bank deposit make a transfer to the account information, make sure to encompass the ‘Deposit Reference Code’ in the transfer precis.

Once carried out your Quidax wallet could be credited with the fee you deposited.

3. BUYING BITCOIN

Once your pockets is funded click on on Instant Buy/Sell inside the menu

When the web page masses Click on “Buy”.

Select Bitcoin (BTC) as the foreign money to shop for and Naira (NGN) because the foreign money to buy with.

In amount to spend, input the quantity you need to shop for. Example: If you want to shop for N5,000 well worth of BTC, kind 5,000 in the subject.

Alternatively, you could transfer to “quantity to buy” the use of the double arrows to the proper of that field. In this example, type in the amount of the asset you need to buy. Example: If you need to shop for zero.Five BTC, type 0.Five in that discipline.

Confirm all the info.

Click “Buy”

You can test if you have been credited, via clicking on ‘Wallets’ inside the menu

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