Ever wonder how you can make money from trading bitcoin. To trade bitcoin is easier than what you likely know. Many people think that trading bitcoin requires that you have millions of Naira(thousands of dollars). But on the contrary it’s not like that.
With as little as few dollars, you can start to trade bitcoin and make profit. The truth is you have to be legit and ready to trade with other people. There are various ways to trade btc and in this article we’ll introduce you to some ways.
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How To Trade Bitcoin In Nigeria
To trade bitcoin you need to have some amount of bitcoin in your bitcoin wallet. Then you also need to have some amount of money in your bank account. You don’t need to have huge amount of money or huge amount of money. You can start small and gradually grow your base.
Also you need to register in a bitcoin exchange platform that will connect you with other sellers. We recommend that your register with Paxful exchange platform that connects you to lots of potential sellers. You can use this official Paxful Link to register in the exchange platform.
Another way to trade btc is for you to find sellers online. This means that you connect to sellers who wants to sell bitcoin, you can then trade the bitcoin on a one on one basis.
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You can also create adverts on Facebook and Twitter to tell people about your interest in buying their bitcoin.
How To Begin Bitcoin Trade
In this analysis we’ll show you a practical way for you to start your bitcoin trade. Its easier than you think.
Let’s assume you have about 0.04 btc stored in your bitcoin wallet. And you have about $200 in your bank account. Now you are set to get started.
You can start buying btc from individuals at cheap rates. For example you can buy bitcoin from individuals at N350/$ and sell in Paxful at N363/$. This means that for each transaction of bitcoin you’ll be making N13.
Let’s do the sum
Assuming you bought a $200 worth of bitcoin at N350/$, this means that you paid N70,000 for that bitcoin(350*200=70,000).
You then go to your Paxful Account sell that same bitcoin at N363/$. This means that you will sell it for N72,600(363*200=72,600).
From the above analysis, from a single trade you have made N2,600.Now let’s assume you made 5 successful trade that day that is about N13,000(2,600*5=13,000).
See its that simple to start trading in bitcoin. We trade in bitcoin and you can easily exchange your Gift Cards for bitcoin. Just Call or Chat Mr Festus on 08131219576 for quick and reliable trade.