{"id":3576,"date":"2021-03-26T17:44:03","date_gmt":"2021-03-26T09:44:03","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=3576"},"modified":"2021-03-27T11:25:47","modified_gmt":"2021-03-27T03:25:47","slug":"money-nigeria","status":"publish","type":"post","link":"\/blog\/money-nigeria\/","title":{"rendered":"How to make money with Bitcoin in Nigeria ?"},"content":{"rendered":"<p>In 2021, Nigeria became a global leader in bitcoin trade. <a href=\"https:\/\/www.statista.com\/chart\/18345\/crypto-currency-adoption\/\">As an online survey showed<\/a>,\u00a0over one third of Nigerians had taken\u00a0part in trading bitcoin and other coins. Meanwhile, this data\u00a0was\u00a0still growing.<\/p>\n<p>Why more and more Nigerians come to bitcoin and do not want to look back? Actually, it\u2019s a big opportunity to make money with bitcoin.<\/p>\n<p>Since 2018, CoinCola\u00a0has\u00a0started up Nigeria market. Now, lots of Nigerians are doing\u00a0business here. According to\u00a0their experiences, we have summarized\u00a0a list of 5 ways you can make money through bitcoin.<\/p>\n<ol>\n<li>\n<h3><strong><b>Peer to Peer Trading<\/b><\/strong><\/h3>\n<\/li>\n<\/ol>\n<p>P2P bitcoin\u00a0trading is one of the most popular ways\u00a0to earn money for Nigerians. In order to make profit, they buy it at low price and sell out at high price. As a result, those traders\u00a0have done much trade for arbitrage.<\/p>\n<p>However, how can they buy with low profit and sell it high? It boils down to two facts.<\/p>\n<ul>\n<li>Trade across\u00a0different cryptocurrency platforms. The traders\u00a0buy coins from one <strong><span style=\"color: #3366ff;\">OTC market<\/span><b>\u00a0(<\/b><\/strong><strong><b>e.g.\u00a0<\/b><\/strong><strong><b><a href=\"https:\/\/www.coincola.com\/buy-bitcoin?country_code=NG&amp;pageNo=1\">CoinCola<\/a>)\u00a0<\/b><\/strong>and sell them to another platform with higher price. You can compare the prices of different platforms.<\/li>\n<li>Some smart Nigerian traders do\u00a0trade with Chinese\u00a0traders. People in China\u00a0are so confident in bitcoin. They buy plenty\u00a0of bitcoin. Based\u00a0on this, some traders buy bitcoin in Nigeria and sell it to Chinese.<\/li>\n<\/ul>\n<p>In the meantime, if you want to\u00a0trade in\u00a0this way,\u00a0CoinCola\u00a0will be your best choice. CoinCola\u00a0focuses\u00a0on the market of Africa and Hong\u00a0Kong.\u00a0Also, lots of Chinese do business here. You can trade\u00a0with them.<\/p>\n<h3><strong><b>\u00a0 \u00a0 2. Investing<\/b><\/strong><\/h3>\n<p>Due to prices continue rising, investing bitcoin becomes easier. If\u00a0you bought\u00a0bitcoin last year and hold it, your digital wallet would\u00a0grow over three times. This is for long-term investment.<\/p>\n<p>On the other hand, because of price fluctuations, bitcoin is also worth short-term investment. The profit depends on your professional level of investment. You the best learn how to analyze bitcoin chart.<\/p>\n<p><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.coincola.com\/trading\/btc\/usdt\"><strong><b>Exchange market\u00a0<\/b><\/strong><\/a><\/span>is better to invest cryptocurrency. It shows price up and down. Like stock exchange, trades here got filled quickly. The\u00a0only thing you need to\u00a0do is\u00a0choosing the right time to trade.<\/p>\n<ol start=\"3\">\n<li>\n<h3><strong><b> Earning Bonus<\/b><\/strong><\/h3>\n<\/li>\n<\/ol>\n<p>If you are new to bitcoin, earning bonuses from cryptocurrency platform is a good way to start with. It is not only a good source of income but also an opportunity to learn\u00a0trading. However, you may not be aware of that bitcoin bonus sent directly to your bitcoin wallet. In this guide, we remind you to pay attention to bitcoin wallet\u00a0and check it. CoinCola always offers\u00a0activities that provide bonuses to users.<\/p>\n<ol start=\"4\">\n<li>\n<h3><strong><b> Accepting Bitcoin Payment<\/b><\/strong><strong><b>s<\/b><\/strong><\/h3>\n<\/li>\n<\/ol>\n<p>Because bitcoin is global and potential, more and more companies are aware of its advantage.\u00a0They already accepted bitcoin as one of the payment methods. A few days ago, Elon Musk posted\u00a0a Twitter:<a href=\"https:\/\/twitter.com\/elonmusk\/status\/1374617643446063105\">\u201cYou can now buy a Tesla with Bitcoin\u201d<\/a>.\u00a0It is a trend that more and more people\u00a0are embracing\u00a0bitcoin in their daily lives.<\/p>\n<p>Therefore, if you want to expand your\u00a0business, you can also accept bitcoin payment, which will open another\u00a0world for your business. Meanwhile, as ordinary people, you can hold bitcoin in\u00a0your\u00a0digital wallets. It can be one kind of payment options whether\u00a0you are traveling\u00a0or shopping.<\/p>\n<ol start=\"5\">\n<li>\n<h3><strong><b> B<\/b><\/strong><strong><b>itcoin\u00a0<\/b><\/strong><strong><b>M<\/b><\/strong><strong><b>ining<\/b><\/strong><b><\/b><\/h3>\n<\/li>\n<\/ol>\n<p>Bitcoin Mining is the process of creating new blocks and adding them to bitcoin blockchain network through solving cryptography puzzles. The men who mine new blocks\u00a0are\u00a0called miners. With each equation solved, miners are rewarded with bitcoin.<\/p>\n<p>If you want to be a miner, it requires\u00a0you to spend on mining equipment, electricity bills, and time.<\/p>\n<p>In\u00a0conclusion, because bitcoin is still evolving, lots of Nigerians join this ecology and want to grab the\u00a0opportunity\u00a0to make money. If you do not want to miss out on\u00a0it, sign up now.<\/p>\n<p><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.coincola.com\/signup\/phone?utm_source=blog&amp;utm_medium=money0325\"><strong><span style=\"color: #0000ff;\">Sign up CoinCola\u00a0Accoun<b>t<\/b><\/span><\/strong><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2021, Nigeria became a global leader in bitcoin trad&#8230;<\/p>\n","protected":false},"author":12,"featured_media":3586,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[87],"tags":[57,212,198],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to make money with Bitcoin in Nigeria ? 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