Buying bitcoin and other cryptocurrency in 4 steps
Decide where to buybitcoin. Cryptocurrency exchanges like Coinbase and a few traditional brokers like Robinhood can get you started investing in bitcoin.
What determines bitcoin's price? The price of a bitcoin is determined by supply and demand. ... There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable.
Quickly purchase a substantial amount of bitcoins on the internet or in person.
Slowly earn a substantial amount of bitcoins for free through bitcoin faucets, like playing mobile or online games, completing tasks on websites, or writing about cryptocurrency.
The first step is to select the crypto you want to buy. For that use the βWalletβ section. Secondly, click on the βBuyβ part and put in the amount in dollars for which you want to make a purchase. Then click Β«Pay.β
If you decide to sell your Bitcoins online, you can either do it via an exchange, direct trade or carry out a peer-to-peer transaction. Outside of the comfort of your own home, you can withdraw flat money using a Bitcoin ATM or sell your Bitcoins in person.
In order to use bitcoin for remittance to Nigeria, the sender has to buy bitcoin with dollar at a bitcoin exchange and send the bitcoin to Nigeria for exchange to Naira.