NairaEx - A Newly Launched Bitcoin Exchange in Nigeria
This has been deemed a considerable rise from the humble beginnings of the currency when it was valued at a fraction of a cent.
NairaEx aims to utilize the power of bitcoin to provide a more stable and healthy monetary system allowing Nigerians to access the wealth and power of Bitcoin. Traditionally Bitcoin wallets would be used to transfer Bitcoin from one person to another in a matter of seconds, but with NairaEx the purchase and transfer of Bitcoins becomes instant! Currently there are just over 14 million bitcoins in existence each with a value of $240. Ultimately the whole market is worth an excess of $3.25 Billion with steady growth occurring every day.
What Can I Use It For?
Bitcoin has many uses being much more versatile than your conventional currency. Many have highlighted the potential bitcoin has in the remittance industry due to its flexible nature. One can send money to and from Nigeria in a matter of seconds and at near no cost at all. Whilst the remittance industry is dominated by giants like Western Union, Bitcoin provides a cheaper and light weight way to send financial support to the ones you love.
The investing opportunities present by bitcoin are immense, compared to traditional forex trading. Just keeping bitcoin is seen as a long term investment as Bitcoin prices are constantly changing. For example just holding bitcoin for a week can yield profits of over 5% with no action being done. However there are always risks involved when trading and using digital currencies so please never invest more than you can afford.
Bitcoin can also be used for everyday purchases. These include shopping for electronics or simply buying food. With the number of retailers accepting bitcoin increasing at an exponential rate you too may be in a Bitcoin friendly neighborhood without knowing it.
How Do I Get Bitcoins?
Bitcoins can be obtained a huge variety of ways. Initially the first bitcoins were obtained by mining. This process used the processing power of a computer to generate a bitcoin. However as of recent times, this process has become much harder, harder so due to the introduction of ASIC technology. The significant investment required for profits to be reaped has also put many of this method. So with the introduction of NairaEx, you can purchase bitcoins at competitive prices using Naira! This new revolutionary exchange allows for instant purchases of Bitcoin and also allows you to sell Bitcoin at will to obtain Naira when needed.
Visit www.nairaex.com to buy and sell Bitcoin in Nigeria via Bank transfer, PerfectMoney, and Web money at fair and competitive market rates in Nigeria.
We are giving out FREE 1,000 Naira credit for all new users at www.nairaex.com and 25% commission on trades by sharing your NairaEx referral link.
Follows us on Facebook& twitter @nairaex to participate in our bitcoin giveaways.
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