Bitcoin for begineers in a simplified model

It's becoming a cliché on this platform but
We want everyone to Take Advantage of this Opportunity especially those of us in Nigeria:

Exchange rate is now #360 or more to $1.

Bank interest rate is 17.78%.

Minimum wage is N18k.

Fuel price is N145.

Kerosene sells at N220.

Businesses are shutting down.

Jobs are being lost in their

thousands.

Unity Bank Sacks 241 Staff http://www.nairaland.com/3349172/unity-bank-sacks-241-staff.

Don't wait until you get affected....

Report from Nigeria Central Bank: https://www.thenews.ng/business-news/cbn-governor-says-naira-may-fall-to-n1000-per-dollar/

Recession is at its peak. There are so many ideas but no startup funds available, things are just not working at the moment.

I am very sure we are all interested in accumulating wealth in valueless currencies.

But

What if you could make money in a currency far more valuable than our pendulum-ic(rising some days and falling most days)
A currency more valuable than the US dollars($), Euros(€) and Pounds(£)

Therefore, if you want to operate at this realm, u need a bank account free from all banks. A bank account you will

control yourself. A bank account that does not limit your transactions in any form. I mean a bank account that will not

say; maximum transfer you can make per day is 200,000.00 or maximum ur account can take is 300,000.00 and all of

sort. In this Bank, you are your boss. That is all I can say about this bank.
The bank account is called Bitcoin wallet. To open this bank account, u need no ID card, current NEPA bill and all of that. All you need will be laid down to you.

First and foremost,

WHAT IS BITCOIN(BTC)?

I know quite a lot of us have heard about it. But do we know how actually it operate and it's value?
For the benefit of those of us that don't know about bitcoin...

Bitcoin is a cryptocurrency which values far more than the precious pounds. It is a digital currency, created and held electronically. No one controls it. Bitcoins aren't printed, like dollars, naira, yen, euros etc. It can be used in paying online/offline bills, shopping investment, Forex trading. You can even recharge your phone with it. The worth of bitcoin is on a daily increase.

Presently, most online biz is keying into using BTC (bitcoin) as a major means of transaction. It's easy to control and very high market demand for it.

As of today,
1BTC = about $12,500+ (over N5m+).

You can buy and sell BTC from various exchangers both online and offline. All you need to have is your bitcoin wallet which is like a bank account to store your Bitcoins.

HOW TO CREATE A BITCOIN WALLET ON BLOCKCHAIN

Note: There are a lot of BTC wallets but, we make use of blockchain wallet because it is very easy to operate and monitor it's operations...

Now to the steps:

1. Download Google Chrome.
   Blockchain wallet works fine on Google
   Chrome browser

2. You must have an email address
   

3. Go to blockchain.info -

4. Click wallet

5. Click create new wallet

6. Follow the procedures
   You will be sent a mail

7. Go to your email and confirm by clicking the link sent

8. Then login with your details

Hurray!!! You now have a btc wallet

1. After successful login, you will see send and receive

2. Click receive
   You will see a long alphanumeric character, that you were told to copy

copy it ( like this 👉 JYYaE6TkQsMGBj8QT2QmM9sKfufFtCFPBt)

1. Go to your Notepad or anywhere safe & paste it there and save it so you can use it at anytime.

2. That number copied is your wallet address and U will be using it to collect and receive Bitcoin

Pls note your wallet address is like your bank account no on blockchain, it is different from your wallet ID.

Your wallet ID can be likened to your ATM pin which u use in gaining access to your account.

That's All, you now have a Bitcoin Wallet.