Denis Opudo
The current value of Bitcoin is said to rank higher than the value of gold. At the beginning of 2017 Bitcoin was selling at below $1, 000 but currently, its new price is more than $14,000. The cryptocurrency is known to have experienced peaks and troughs at times. The current growth has attracted major institutional investors. Over 100 hedge funds have begun betting on the cryptocurrency, while Cameron Winklevoss, one of the largest holders of bitcoin globally, thinks 2017 gains are just the start, and the price will rise by as much as 20-fold as more investors enter the market seeing Bitcoin as an upgrade to gold.
During the Chicago Board Options Exchange in December 2017, the first ever bitcoin future was released. They surged over $3,000 to $18,010 in four hours. It was indicating that all forms of bitcoin trading are increased in popularity as the value grows. However, the forces behind the growth of the value are difficult to note. A growing number of global companies are accepting or supporting bitcoin transactions, while there is an increase in the total number of bitcoins that can be mined, meaning there is limited supply to meet demand. As the value grows, more investors realize both how revolutionary the technology is and the fact it offers the potential for serious returns. Nobody wants to be to be left behind in the revolution.
NairaEx is a Nigerian leading bitcoin exchange startup in the country and it records over 1 billion Naira worth of monthly transactions. NairaEx sells bitcoin directly from stock and delivers within hours for the quoted rate without any hidden fees. It is not necessary to have any special skills or experience to start trading on the platform, which has made the trading process as functional and as simple as possible so that anyone can master it.
For one to buy Bitcoin, there are some steps which must be followed systematically from the first to the last one. The steps include, one has to complete NairaEx account verification using the official government verification number as an ID number or so. Secondly, one will be required to log into their NairaEx account and click on create new order button. The next step will be the filling up of the buy form then submit it. After that, you will be required to pay the required amount in Naira to the NairaEx bank account which will be marked complete after the deposits have been accepted. One can even use online payments or use ATM. The last step is one will be required to email the payment details to prove that indeed payment was made to NairaEx support which funds your order in a span of 2 to 8 hours after the verification of deposit.
One might require selling their Bitcoins it’s also procedural. You first log in to your NairaEx account and click on create a new order. Secondly, you will be required to fill the sell form. After which you send the described amount in bitcoin to the NairaEx bitcoin address shown on the confirmation page. Lastly, the Nairas will be sent to you within 2 to 8 hours after confirmation of the funds.
