In today’s article, we have written the top five reasons to buy bitcoin in Nigeria.
Bitcoin is changing the entire world, and any Bitcoin believer will rattle off an extended listing of reason why the cryptocurrency is the future of money. They are right. Bitcoin is a worldwide currency that elevates the unbanked, addresses modern-day privacy concerns, and transfers the economic power from big banks and governments back again to the people.
Along with that, here certainly are a few more concrete reasons as to the reasons Bitcoin is the money of the future and the future of —and why now could be the time to buy it. There are various reasons why more people buy bitcoin In Nigeria
Check below here the reasons to buy bitcoin in Nigeria;
- 5 Reasons To Buy Bitcoin In Nigeria
- Can I buy Bitcoin in Nigeria?
Top 5 Reasons To Buy Bitcoin In Nigeria
1. Nigeria Will Face a Recession in the Future
Most developing economies such as Nigeria expect their economies to get into a downturn in the coming months. The nation continues to be gasping for breath after being beaten seriously with a 2016 economic recession. The nation’s step of recovery has been slow, despite achieving a landmark: 2.55% gross domestic product (GDP). History indicates that bitcoin could be a great tool to shield against the risks of a recession.
Also read: How many dollars is $200 Bitcoins
2. Bitcoin does not charge bank fees
Banks in Nigeria charge their customers numerous amount of fees, which bitcoin doesn’t charge. Four banks generated 24.3 billion Naira from account maintenance charges alone. Bitcoin is nothing like this. It enables transactions to be produced with no high fees that banks charge.
3. Holding bitcoin is safer than holding money at banks
Nigerian banks have lost N12.06 billion to forgery and fraud in just six months. The plenty of money of bank customers is never as safe because they would like to think. Numerous Nigerian banks have come but bitcoin had the opportunity to remain safe, although financial downturns in nations.
4. Bitcoin does not require the personal information
Bitcoin doesn’t need personal information to be used. Some banks reject people for my giving personal information, Bitcoin transactions could be made without the necessity to offer personal information. This helps it to be convenient to Carry out transactions without having to consider personal details.
5. Nigeria’s digital economy needs bitcoin
Nigeria’s youth have welcomed the digital economy, which includes made it possible to take part in more business activities internationally and locally. Constantly, Nigerians face challenges when attempting to receive payments from foreign clients. The unknowns nature of bitcoin opens gates for fast and affordable payments to be made.
Can I buy Bitcoin in Nigeria?
Mybtc.ng is a platform that offers an easy solution to perform to buy, sell giftcards, and cryptocurrencies. Mybtc.ng is one of Nigerian’s top Crypto exchange platform, the number 1 Guide to Digital Exchanges in Nigeria. My BTC Nigeria helps guide people through the exchange process. They give you the best exchange rate; this platform provides you with the simplest solution to cryptocurrency and gift card exchange. Visit mybtc.ng now for a splendid exchange rate.
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