How do you make money buying and selling bitcoins

Bitcoin is future Reply. Websites such as Coinbase or CEX both allow users to purchase cryptocurrency by credit or debit card, or alternatively to purchase via a bank transfer. Micro earning websites pay you in Bitcoin for completing small tasks. With such volatility, any serious commerce conducted with Bitcoins is likely to result in one party losing out on a lot of value. What Is ZCash? Here are some of the more popular platforms and bots to use:. Your email address will not be published.

1.You could trade your Bitcoins

Yes, this is actually possible. With this post, you will learn how to make money from bitcoin in Nigeria as well as any other part of the world. Just like other currency trading, you can exchange bitcoin to Naira or Dollar and exchange Dollar or Naira to Bitcon using the agreed monsy market exchange rate with your seller or buyer. Bitcoin is simply a hoe currency or crypto-currency that is accepted just like any other currencies. You can check the current Bitcoin to Dollar exchange rate and Bitcoin to Naira exchange rate. Bitcoin to Naira or Naira to Bitcoin exchange rate fluctuates from time to time.

What is Bitcoin trading?

Crypto is one of the hottest investing topics right now and there are news articles all over talking about how people are becoming millionaires by investing in altcoins. You might have done some research but thought it looked too technical or complicated. Read on as we walk you through it and cover several great ways of earning an income with cryptocurrency. This is one of the best and easiest ways to focus on how to make money in cryptocurrency. It really shows the power of making an income with cryptocurrency. While there are MANY different coins out there, we recommend you stick to the 4 mentioned above. These are the safest and have been around for a while.

Bitcoin’s Bullish History

Yes, this is actually possible. With this post, you will learn how to make money from bitcoin in Nigeria as well as any other part of the world. Just like other currency trading, you can exchange bitcoin to Naira or Dollar and exchange Dollar or Naira to Bitcon using the agreed or market exchange rate with your seller or buyer.

Bitcoin is simply a digital currency or crypto-currency that bitcins accepted just like any other currencies. You can check the current Bitcoin to Dollar exchange rate and Bitcoin to Naira exchange rate.

Bitcoin to Naira or Naira to Bitcoin exchange rate fluctuates from time to time. But you can always find the current exchange rate on the Bitcon marketplace.

Bitcoin is just more buyin money. The acceptability is what is amazing me. Sure, you make money if you trade the commodity wisely just like buying and selling jeans in Onitsha main market.

You buy Bitcoin, knowing the current exchange maje and sell it to another person on a better exchange rate. Zelling you succeed in selling it on a higher exchange rate, you now have a gain.

On the way round, you can loose if you cannot sell it at the rate higher than the rate you bought it. This is like stock trading or Forex.

So, the deal is basically buying and selling Bitcoin and making profit from it. You can also make money from buying and selling Bitcoin if you are good playing with other countries currencies. Example, you gow Bitcoin with Naira and Sell it on a more valuable currency like Dollar. If you buy 1 Bitcoin is NGN, So, you will now make additional NGN, as gain from the trading maneuver. This is called playing with currencies without how do you make money buying and selling bitcoins for appreciation time.

Another way to make money buying and selling di is to buy it and keep with the hope that the value will rise for you to sell it later for profit. This is called Bitcoin parking by waiting for appreciation time. You have to be very careful because you are trading a very high value commodity.

You can loose so much than you can recover. See the best place to buy bitcoin. To buy and sell bitcoin in Nigeria visit Localbitcoin and signup for free. At Localbitcointhey have electronic wallet moey store your bitcoin.

They also have escrow services that help in buyer-seller protection and avoiding incidence of scam. After signup, you can then post a trade advertise your offer. You should only create Bitcoin advertisement if you plan to trade bitcoins regularly. If you are just buying Bitcoin, you can simple reply to the existing advertisement. All your purchased Bitcoins are stored in your online bitcoin wallet with Localbitcoin.

Please find and read their terms of service and understand it very well before you join. I also buy Bitcoin at a reasonable rate. All the transactions are done on Localbitcoin. Bros visit LocalBitcoins and bid for bitcoins in Nigeria. You will even buy more than that. Yes bro… I thought you said it was lower. My post was illustrative and not the actual pricing. Of course bitcoin price changes in seconds.

Thanks for reading my blog. Your email address will not be published. Enter your email address below to receive fresh internet business each time we publish new content. Make Money Online. More from my site How to make money with Bitcoin — What is Bitcoin and how this currency work? About the Author Ifiokobong Ibanga is a life coach, a mentor and an inspirational speaker. He like testing ideas to find out what works. Sure, he has made substantial income online, so he’s knowledgeable enough to teach you.

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Beginner Method To Make $100-$1000/Day Passive With Cryptocurrency! Bitcoin Trading Binance, Bitmex

Conclusion

And Cryptocurrency is best option to use. However, should you be interested in earning Bitcoin online it may be worth considering some of the below options, ranging from the least difficult and least sellihg A single rig, as good as it could be, might struggle to produce significant profits, especially when you consider the electricity and maintenance prices. Show comments Hide comments. Someone please assist. Because of this, most Bitcoin mooney has been taken over by companies who can make profit by scale based on buying large amounts of processing hardware at a discount as well as locating themselves in an area with extremely cheap electricity. If you think Bitcoin is going to be traded by foreign exchange dealers, market makers and institutions one day, you might want to go long. Unfortunately, just as in real monney, there is no such thing as a free lunch. Have you heard of Fiverr?