Bitcoin registration in nigeria

May 2, 2021 / Rating: 4.6 / Views: 579

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2 pizzas for bitcoins

While you may not know Laszlo Hanyecz’ name, you might have heard his story: he’s the man who paid 10,000 Bitcoin for two Papa John’s pizzas in 2010. The transaction was the first recorded instance of exchanging Bitcoin for a physical item (in this case, two cheesy ones), and as Bitcoin’s price skyrocketed in the years following the purchase, even mainstream media became obsessed with the man who bought two pizzas for 0, ,000…and now today, over ,000,000. People are predicting it one way or the other, but nobody really knows. Because with things like stock — people treat this as a stock. I can show up and add a ton of mining power to it overnight. There’s even a dedicated Twitter feed for those too lazy to do the math themselves. I think Bitcoin is a great idea and it keeps appreciating in value, which is nice. They gamble, they bet up or down, but in stocks, there are people in power who know things and they can influence things. But in the end, the properties of Bitcoin are still true. We’ve seen that happen, we’ve seen the mining power shift around. Tweets by The Bitcoin Pizza Perhaps surprisingly, Hanyecz has no regrets about spending so much money on cheese and bread. I do alright with it, I still mess with it and I try to use it where I can, as a gimmick sometimes, but I don’t know if that’s so important. We’ve seen political problems where partnerships broke up and there was fallout from that. I actually started getting a lot more physical exercise because I don’t have to go to an office. I’ve actually gone out every day and I walk four or five miles with a backpack, get exercise. That’s why for me and for a lot of people around here, this has not been negative. And in fact, his interest in Bitcoin has only grown since the original Bitcoin Pizza Day transaction ten years ago. But I generally don’t pay Bitcoin for this, because it’s still difficult. They gave me this little golden pepperoncini — Papa John’s puts a pepperoncini in every box. I got some other stuff from them, little pins and stickers. When people post forced use cases like, “I just paid for such and such in Bitcoin, this is so great.” I think it’s what people are interested in, but I’m not sure if those things are really moving the needle forward for anyone. My office was closed, they don’t want anybody in the office. Finance stuff aside, I think that my experience has been positive, emotionally. Guys my age, guys like us, we were tinkering with Linux, Perl, all the stuff early on. I’m not trying to take credit for all that, but guys in my generation or discipline, we built all this stuff up. I know there’s people who will broker it, there’s websites, but Papa John’s actually gave me a whole bunch of store credit. And they give me like 0 or something of store credit so I could order pizza for a while. They create more awareness, and if people keep doing that stuff, I think it’s cool, but none of these things just changed overnight. For a lot of people that I know, it’s been that way where it’s sort of a relief, they go, “Ok good, now I can clean my house, now I can take care of these things and do my hobby that I couldn’t do.” And for some people, it’s an excuse to just be drunk all day —whatever you’re into. We’ve all eventually ended up working in e-commerce and stuff like that. Before Bitcoin, I had e-gold, and then something else before that. It’s pretty cool just to get recognition from them. Money — it’s hard to displace it, but with this corona stuff and the halving, everything that’s coming up, it seems like it’s a really exciting time for Bitcoin. I’ve always been interested in payments, so with Bitcoin it was like, “Hey, what is this? They’re just centralized, alternative money systems for buying the things that you couldn’t buy with a bank account. They appreciate it, it was a cool experience for me. So I guess, technically, my 10,000 Bitcoin bought me more pizza later. Yes, I wish I still had 10,000 Bitcoin, but that was a long time ago, and I still was glad to be part of it. In e-commerce, especially now in the past 10 years, usually people are OK with using whatever — that’s really changed — where people are completely okay with whatever. As long as everything they’re doing is considered could be mainstream and aboveboard, it’s fine. They’ll just lay down, like “Do whatever you want to me and I’ll pay. Payments: it seems like it’s a solved thing, but it’s really not. All those middlemen and all the reassignment of responsibility that happens with credit cards is a mess. I think that for merchants, if there was a better choice, [they would take it]. Now, people are going with the mainstream, that’s who they’re trying to appeal to. They want to make a lot of money, so you’ve got to appeal to the mainstream, the most customers you can. Credit cards, Pay Pal and Apple Pay — I think that everybody would love to ditch those companies if they could, because they’re expensive. They take advantage of the merchant more than anyone. The way they give people rewards and guarantees is they just claw it back from the merchant. Payments: it seems like it’s a solved thing, but it’s really not. All those middlemen and all the reassignment of responsibility that happens with credit cards is a mess. I think that for merchants, if there was a better choice, [they would take it] It’s always interested me in that regard, that was the original use case. We’ve spent the last 10,11 years digging into those things and finding the flaws with them. People pitched it to get your attention: “Hey this is a payment system that allows you to pay anyone, anywhere.” Nobody has to know that you did, and there’s no there’s no clawing it back. But on the surface, that stuff is still true and it’s a lot more true than it is for credit cards. With a credit card, you can’t even charge me because you’re not a merchant. You have to establish some special trusted account. And then if I want my money back, they just take it back from you. But one thing is, people who pay us in Bitcoin, I don’t have to worry about fraud. I can even give them a discount for paying with it, because for me as a merchant, it’s cheaper. I think it’s challenging because it always comes up when people say, “Oh, what if a billion people start using this, it’s not going to work, it’s going to be overloaded.” And that’s true. We’ve been trying to figure it out, and there isn’t a solution to just make it scale infinitely. But, yes, I do still think that that payment is an interesting use case for e-commerce especially. We need to somehow figure out how to make it worth it. Like Bit Pay which, you know, everybody hates them now — whatever label people are giving them now, “corporate sellout.” But their business was that they made a Pay Pal for Bitcoin. And when the mining fees, when the transaction fees rose, they’re like, “Well, this isn’t gonna work. We can’t do

Bitcoin registration in nigeria

Bitcoin is beginning to play an important role in Nigerian business lives. Many people believe that recent financial innovations has the capabilities to enhance the world financial system in the nearest future. Everyone who is into Bitcoin business knows how important it is to use secure crypto wallet to avoid investment scam and theft. If I must say, there are great number of cryptocurrency wallets in the market due to obvious competition, so you need be very careful while selecting wallets. Moving to the next step, let’s say you are to receive your Bitcoin from an offline wallet into your Luno wallet, you will need to create a Bitcoin wallet by going to the wallet tab. See the steps below; If you follow all these steps perfectly, you will definitely get an alert in your bank app, or from your bank account through SMS. I have compiled a list of the best Bitcoin brokers and exchanges available in Nigeria, both locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerians. The Binance exchange is an exchange founded in 2017 with a strong focus on exchanging Bitcoin cryptocurrency against Altcoins. This exchange offers nearly all cryptocurrency pairs between different cryptocurrencies. Luno is a Bitcoin exchange that does not just have a presence in Nigeria alone, but most other countries like; South Africa, Singapore, Malaysia and Indonesia. It offers maximum of 1% fees for market takers, meaning you can avoid fees if you place a sell order then wait for a buyer to take it. Local Bitcoins is an escrow service, which also helps to match buyers and sellers. And users may advertise trades for whichever payment method they choose. Buying BTC via an in-person meeting, secured and facilitated by Local Bitcoins, may be one of the fastest and most private ways to buy Bitcoins in Nigeria and many more countries. These Bitcoin ATMs have a restricted limit on how much you can withdraw, but for a small amount this may be a good option making cash withdrawals. You can find Bitcoin ATM using a specific map designed to locate Bitcoin machines. Bitcoin ATM is quick and easy way to buy BTC and they’re also private. I believe that with this guide, you now know how and where exactly to sell your Bitcoin cryptocurrency for cash in Nigeria, without loss of investment to theft or scammers. Meanwhile, I will recommend you make use of either Binance or Luno exchange, whenever you want to sell BTC. On the contrary, LBC (Local Bitcoins) is yet another good platform. There’s no shortage of methods you can use when it comes to selling Bitcoins, but keep in mind that most Bitcoin transactions are very much irreversible and you need to be very careful. Bitcoin is beginning to play an important role in Nigerian business lives. Many people believe that recent financial innovations has the capabilities to enhance the world financial system in the nearest future. Everyone who is into Bitcoin business knows how important it is to use secure crypto wallet to avoid investment scam and theft. If I must say, there are great number of cryptocurrency wallets in the market due to obvious competition, so you need be very careful while selecting wallets. Moving to the next step, let’s say you are to receive your Bitcoin from an offline wallet into your Luno wallet, you will need to create a Bitcoin wallet by going to the wallet tab. See the steps below; If you follow all these steps perfectly, you will definitely get an alert in your bank app, or from your bank account through SMS. I have compiled a list of the best Bitcoin brokers and exchanges available in Nigeria, both locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerians. The Binance exchange is an exchange founded in 2017 with a strong focus on exchanging Bitcoin cryptocurrency against Altcoins. This exchange offers nearly all cryptocurrency pairs between different cryptocurrencies. Luno is a Bitcoin exchange that does not just have a presence in Nigeria alone, but most other countries like; South Africa, Singapore, Malaysia and Indonesia. It offers maximum of 1% fees for market takers, meaning you can avoid fees if you place a sell order then wait for a buyer to take it. Local Bitcoins is an escrow service, which also helps to match buyers and sellers. And users may advertise trades for whichever payment method they choose. Buying BTC via an in-person meeting, secured and facilitated by Local Bitcoins, may be one of the fastest and most private ways to buy Bitcoins in Nigeria and many more countries. These Bitcoin ATMs have a restricted limit on how much you can withdraw, but for a small amount this may be a good option making cash withdrawals. You can find Bitcoin ATM using a specific map designed to locate Bitcoin machines. Bitcoin ATM is quick and easy way to buy BTC and they’re also private. I believe that with this guide, you now know how and where exactly to sell your Bitcoin cryptocurrency for cash in Nigeria, without loss of investment to theft or scammers. Meanwhile, I will recommend you make use of either Binance or Luno exchange, whenever you want to sell BTC. On the contrary, LBC (Local Bitcoins) is yet another good platform. There’s no shortage of methods you can use when it comes to selling Bitcoins, but keep in mind that most Bitcoin transactions are very much irreversible and you need to be very careful.

date: 02-May-2021 11:22next

.50 transactions and charge people .000 to log that transaction.” That whole business model fell apart, not through a fault of their own. That’s the scaling problem that everybody’s been trying to figure out. The company that I work for, it’s an e-commerce company. I’m actually probably not going to be working there much longer, but I’ve been there for a long time. One of the things that I contributed there was I set up a Bitcoin payment option on their website, which it sounds pretty simple, and there’s a lot of ways to do it. The mail could still get lost, but the money won’t. You always see articles writing about BTC pay servers, but the reality of it is that it isn’t quite that simple, you have to explain it to customers, to handle all the errors and mistakes that happen. But one thing is, people who pay us in Bitcoin, I don’t have to worry about fraud. I can even give them a discount for paying with it, because for me as a merchant, it’s cheaper. Whereas with credit cards, retailers sell stuff and then three months later they get it clawed back from them because somebody reported fraud on their card. The merchant is somehow responsible for that fraud, which they’re really not. But the banks make it their problem because it’s like, “Well, we can’t take it from the customer, we can’t crap on the poor people. We just take it from the people who have the money”. If everybody paid with Bitcoin on e-commerce sites, they wouldn’t need a bunch of fraud crap and all this other weird stuff people do to try to alleviate the bots and the hackers and whatever else. I’m very interested in seeing that use case evolve, things like the Lightning Network. I don’t know enough about it to contribute at that level. But the Lightning Network — there’s always people running headlines about how exciting it is, but it’s very experimental. There’s applications and things you can download and interact with it today, but it’s mostly just a proof of concept and there’s still issues to work out. But I do play with it, and I do track it and I hope to see some good stuff come out of that. In the same way that Bitcoin is solving the Byzantine Generals Problem, Lightning Network is simply riding on top of the Bitcoin solution. It was something people have been talking about since 2013, and now it’s seeing a lot of interest. Those kinds of things, unfortunately, tend to encourage centralization, which is sort of the enemy of this whole thing. But it’s unlikely that it’s just going to explode overnight. But if a merchant can get Bitcoin instead of an IOU for a credit card — if that was the only option you had — you could simplify your whole workflow, your whole fraud holding and capturing payments and all this other stuff. It’s just a different paradigm to get into people’s heads instead of Pay Pal accounts, Cloud Flare, whoever — hold my hand, save me from the bad, control me like here, please let me be your puppet, you tell me what to do. It’s that whole “be your own bank.” But it also means you have to evaluate these things yourself. The traditional middlemen have spent the past twenty years of e-commerce convincing people, “Don’t think, don’t you worry. You just let us handle it and we’ll take care of this for you, and just click here if you need support.” I think that those two worlds are clashing. We’re trying to get people to pay Bitcoin, especially the kinds of people that surf into your site from Instagram and Facebook. That demographic of people, they’ll sign up for whatever — “Apple, Google, take care of this for me.” And the Bitcoin people are completely different. I used the Wasabi Wallet, it was just a shirt or something. I don’t know if those two necessarily mix too well. It’s just mostly a gimmick, but at least I don’t have to worry about being rejected for fraud or anything. I make my own transaction, I set my mining fee, I could see it on the blockchain. I could even mine my own transaction, if I get lucky, right? It appeals to me as somebody who’s been doing it for a long time. But I’m not sure if that’s a scalable solution in itself. But it seems like there’s still mainstream interest in it. But I’m not sure that it’s something that can be sold to a person who is looking for a mainstream solution. Can’t be good if you are restricting your diet to one thing. I’ve heard of people who have started their own little crypto community or microcosm and they just trade crypto. Everywhere you look, it’s all about making smaller communities with like-minded people. I don’t think we have to worry until we start seeing the blogs and the exchanges all fading away. It’s a different way of thinking, like the people who go and hunt for their own meat versus the kinds of people who get in the drive thru at Burger King. But people always talk about Bitcoin being this global thing, it’s going to take over the world to be worth a billion dollars — I don’t really see how one follows from the other. This coronavirus stuff, this is the kind of stuff that these guys are waiting for. I mean, there was a lot of volatility, but people are still interested in buying it. If anything, this has been a really good time for them. By these guys, I’m not trying to include or exclude myself. They might be foolish, but it seems like they’re still interested in it. It’s just more business recently, especially with all the fears. It’s not like they’re being secretive about making more of them. I’m just saying there’s a lot of people in this community that think that a crisis is the rocket fuel for Bitcoin. As long as they’re interested in it, I don’t think it’s going away. People think it’s like a hedge against inflation, and whether that’s good or bad in the long term, it’s for anyone to decide. People say, “Oh, I’m a millionaire.” They count how much money they have. In the computer world, finances aside, there are (I myself work on some of these) old retro projects, people try to restore old video games and stuff like that. But the other alternative is counting what percentage of the supply they have. That’s really the only objective way to measure how much value you command. With Bitcoin, the whole idea is that we know what the supply is. We can verify it, we know it’s not going to keep growing forever. It’s a big paradigm shift for people to start thinking about, instead of just being a customer of some other company and saying, this one’s better, I’m going to give it a good rating. You have to actually just not be a customer of any company and just figure out how to do these things on your own, which I know isn’t for everybody. I meant that there’s all these projects, you can find people restoring old technology and old video game consoles. So take it or leave it.” The price pumping in Bitcoin comes from the mainstream interests. But the people who have been following this since the start, they’re used to this by now. There are still people out there in these small communities that mod those games, they take the game and they make it work on new hardware. But if you ask the mainstream people — “Dude, these games are dead.” Games these days have a lifetime of a couple weeks before people move on to the next one. I was just trying to compare it to the fact that I don’t think Bitcoin is dying ever, because even if there is some really bad stuff and people lose interest in it, there are going to be guys that are interested. I don’t think that is really a reflection on the interest in Bitcoin or how it’s faring. And if anything, everybody is excited to see how the mainstream people react to it. This is what we’ve been working on for over 10 years. But the old games, the classics, they’re still around. This is what we’ve been working on for over 10 years. If the price drops to S,000, that’s just the people on the gambling sites, the exchanges, the futures and derivatives, whatever they’re calling them. There’s these diehard people in Bitcoin, they call them the buyers of last resort. While you may not know Laszlo Hanyecz’ name, you might have heard his story: he’s the man who paid 10,000 Bitcoin for two Papa John’s pizzas in 2010. The transaction was the first recorded instance of exchanging Bitcoin for a physical item (in this case, two cheesy ones), and as Bitcoin’s price skyrocketed in the years following the purchase, even mainstream media became obsessed with the man who bought two pizzas for 0, ,000…and now today, over ,000,000. People are predicting it one way or the other, but nobody really knows. Because with things like stock — people treat this as a stock. I can show up and add a ton of mining power to it overnight. There’s even a dedicated Twitter feed for those too lazy to do the math themselves. I think Bitcoin is a great idea and it keeps appreciating in value, which is nice. They gamble, they bet up or down, but in stocks, there are people in power who know things and they can influence things. But in the end, the properties of Bitcoin are still true. We’ve seen that happen, we’ve seen the mining power shift around. Tweets by The Bitcoin Pizza Perhaps surprisingly, Hanyecz has no regrets about spending so much money on cheese and bread. I do alright with it, I still mess with it and I try to use it where I can, as a gimmick sometimes, but I don’t know if that’s so important. We’ve seen political problems where partnerships broke up and there was fallout from that. I actually started getting a lot more physical exercise because I don’t have to go to an office. I’ve actually gone out every day and I walk four or five miles with a backpack, get exercise. That’s why for me and for a lot of people around here, this has not been negative. And in fact, his interest in Bitcoin has only grown since the original Bitcoin Pizza Day transaction ten years ago. But I generally don’t pay Bitcoin for this, because it’s still difficult. They gave me this little golden pepperoncini — Papa John’s puts a pepperoncini in every box. I got some other stuff from them, little pins and stickers. When people post forced use cases like, “I just paid for such and such in Bitcoin, this is so great.” I think it’s what people are interested in, but I’m not sure if those things are really moving the needle forward for anyone. My office was closed, they don’t want anybody in the office. Finance stuff aside, I think that my experience has been positive, emotionally. Guys my age, guys like us, we were tinkering with Linux, Perl, all the stuff early on. I’m not trying to take credit for all that, but guys in my generation or discipline, we built all this stuff up. I know there’s people who will broker it, there’s websites, but Papa John’s actually gave me a whole bunch of store credit. And they give me like 0 or something of store credit so I could order pizza for a while. They create more awareness, and if people keep doing that stuff, I think it’s cool, but none of these things just changed overnight. For a lot of people that I know, it’s been that way where it’s sort of a relief, they go, “Ok good, now I can clean my house, now I can take care of these things and do my hobby that I couldn’t do.” And for some people, it’s an excuse to just be drunk all day —whatever you’re into. We’ve all eventually ended up working in e-commerce and stuff like that. Before Bitcoin, I had e-gold, and then something else before that. It’s pretty cool just to get recognition from them. Money — it’s hard to displace it, but with this corona stuff and the halving, everything that’s coming up, it seems like it’s a really exciting time for Bitcoin. I’ve always been interested in payments, so with Bitcoin it was like, “Hey, what is this? They’re just centralized, alternative money systems for buying the things that you couldn’t buy with a bank account. They appreciate it, it was a cool experience for me. So I guess, technically, my 10,000 Bitcoin bought me more pizza later. Yes, I wish I still had 10,000 Bitcoin, but that was a long time ago, and I still was glad to be part of it. In e-commerce, especially now in the past 10 years, usually people are OK with using whatever — that’s really changed — where people are completely okay with whatever. As long as everything they’re doing is considered could be mainstream and aboveboard, it’s fine. They’ll just lay down, like “Do whatever you want to me and I’ll pay. Payments: it seems like it’s a solved thing, but it’s really not. All those middlemen and all the reassignment of responsibility that happens with credit cards is a mess. I think that for merchants, if there was a better choice, [they would take it]. Now, people are going with the mainstream, that’s who they’re trying to appeal to. They want to make a lot of money, so you’ve got to appeal to the mainstream, the most customers you can. Credit cards, Pay Pal and Apple Pay — I think that everybody would love to ditch those companies if they could, because they’re expensive. They take advantage of the merchant more than anyone. The way they give people rewards and guarantees is they just claw it back from the merchant. Payments: it seems like it’s a solved thing, but it’s really not. All those middlemen and all the reassignment of responsibility that happens with credit cards is a mess. I think that for merchants, if there was a better choice, [they would take it] It’s always interested me in that regard, that was the original use case. We’ve spent the last 10,11 years digging into those things and finding the flaws with them. People pitched it to get your attention: “Hey this is a payment system that allows you to pay anyone, anywhere.” Nobody has to know that you did, and there’s no there’s no clawing it back. But on the surface, that stuff is still true and it’s a lot more true than it is for credit cards. With a credit card, you can’t even charge me because you’re not a merchant. You have to establish some special trusted account. And then if I want my money back, they just take it back from you. But one thing is, people who pay us in Bitcoin, I don’t have to worry about fraud. I can even give them a discount for paying with it, because for me as a merchant, it’s cheaper. I think it’s challenging because it always comes up when people say, “Oh, what if a billion people start using this, it’s not going to work, it’s going to be overloaded.” And that’s true. We’ve been trying to figure it out, and there isn’t a solution to just make it scale infinitely. But, yes, I do still think that that payment is an interesting use case for e-commerce especially. We need to somehow figure out how to make it worth it. Like Bit Pay which, you know, everybody hates them now — whatever label people are giving them now, “corporate sellout.” But their business was that they made a Pay Pal for Bitcoin. And when the mining fees, when the transaction fees rose, they’re like, “Well, this isn’t gonna work. We can’t do

Bitcoin registration in nigeria

Bitcoin is beginning to play an important role in Nigerian business lives. Many people believe that recent financial innovations has the capabilities to enhance the world financial system in the nearest future. Everyone who is into Bitcoin business knows how important it is to use secure crypto wallet to avoid investment scam and theft. If I must say, there are great number of cryptocurrency wallets in the market due to obvious competition, so you need be very careful while selecting wallets. Moving to the next step, let’s say you are to receive your Bitcoin from an offline wallet into your Luno wallet, you will need to create a Bitcoin wallet by going to the wallet tab. See the steps below; If you follow all these steps perfectly, you will definitely get an alert in your bank app, or from your bank account through SMS. I have compiled a list of the best Bitcoin brokers and exchanges available in Nigeria, both locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerians. The Binance exchange is an exchange founded in 2017 with a strong focus on exchanging Bitcoin cryptocurrency against Altcoins. This exchange offers nearly all cryptocurrency pairs between different cryptocurrencies. Luno is a Bitcoin exchange that does not just have a presence in Nigeria alone, but most other countries like; South Africa, Singapore, Malaysia and Indonesia. It offers maximum of 1% fees for market takers, meaning you can avoid fees if you place a sell order then wait for a buyer to take it. Local Bitcoins is an escrow service, which also helps to match buyers and sellers. And users may advertise trades for whichever payment method they choose. Buying BTC via an in-person meeting, secured and facilitated by Local Bitcoins, may be one of the fastest and most private ways to buy Bitcoins in Nigeria and many more countries. These Bitcoin ATMs have a restricted limit on how much you can withdraw, but for a small amount this may be a good option making cash withdrawals. You can find Bitcoin ATM using a specific map designed to locate Bitcoin machines. Bitcoin ATM is quick and easy way to buy BTC and they’re also private. I believe that with this guide, you now know how and where exactly to sell your Bitcoin cryptocurrency for cash in Nigeria, without loss of investment to theft or scammers. Meanwhile, I will recommend you make use of either Binance or Luno exchange, whenever you want to sell BTC. On the contrary, LBC (Local Bitcoins) is yet another good platform. There’s no shortage of methods you can use when it comes to selling Bitcoins, but keep in mind that most Bitcoin transactions are very much irreversible and you need to be very careful. Bitcoin is beginning to play an important role in Nigerian business lives. Many people believe that recent financial innovations has the capabilities to enhance the world financial system in the nearest future. Everyone who is into Bitcoin business knows how important it is to use secure crypto wallet to avoid investment scam and theft. If I must say, there are great number of cryptocurrency wallets in the market due to obvious competition, so you need be very careful while selecting wallets. Moving to the next step, let’s say you are to receive your Bitcoin from an offline wallet into your Luno wallet, you will need to create a Bitcoin wallet by going to the wallet tab. See the steps below; If you follow all these steps perfectly, you will definitely get an alert in your bank app, or from your bank account through SMS. I have compiled a list of the best Bitcoin brokers and exchanges available in Nigeria, both locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerians. The Binance exchange is an exchange founded in 2017 with a strong focus on exchanging Bitcoin cryptocurrency against Altcoins. This exchange offers nearly all cryptocurrency pairs between different cryptocurrencies. Luno is a Bitcoin exchange that does not just have a presence in Nigeria alone, but most other countries like; South Africa, Singapore, Malaysia and Indonesia. It offers maximum of 1% fees for market takers, meaning you can avoid fees if you place a sell order then wait for a buyer to take it. Local Bitcoins is an escrow service, which also helps to match buyers and sellers. And users may advertise trades for whichever payment method they choose. Buying BTC via an in-person meeting, secured and facilitated by Local Bitcoins, may be one of the fastest and most private ways to buy Bitcoins in Nigeria and many more countries. These Bitcoin ATMs have a restricted limit on how much you can withdraw, but for a small amount this may be a good option making cash withdrawals. You can find Bitcoin ATM using a specific map designed to locate Bitcoin machines. Bitcoin ATM is quick and easy way to buy BTC and they’re also private. I believe that with this guide, you now know how and where exactly to sell your Bitcoin cryptocurrency for cash in Nigeria, without loss of investment to theft or scammers. Meanwhile, I will recommend you make use of either Binance or Luno exchange, whenever you want to sell BTC. On the contrary, LBC (Local Bitcoins) is yet another good platform. There’s no shortage of methods you can use when it comes to selling Bitcoins, but keep in mind that most Bitcoin transactions are very much irreversible and you need to be very careful.

date: 02-May-2021 11:22next

.50 transactions and charge people .000 to log that transaction.” That whole business model fell apart, not through a fault of their own. That’s the scaling problem that everybody’s been trying to figure out. The company that I work for, it’s an e-commerce company. I’m actually probably not going to be working there much longer, but I’ve been there for a long time. One of the things that I contributed there was I set up a Bitcoin payment option on their website, which it sounds pretty simple, and there’s a lot of ways to do it. The mail could still get lost, but the money won’t. You always see articles writing about BTC pay servers, but the reality of it is that it isn’t quite that simple, you have to explain it to customers, to handle all the errors and mistakes that happen. But one thing is, people who pay us in Bitcoin, I don’t have to worry about fraud. I can even give them a discount for paying with it, because for me as a merchant, it’s cheaper. Whereas with credit cards, retailers sell stuff and then three months later they get it clawed back from them because somebody reported fraud on their card. The merchant is somehow responsible for that fraud, which they’re really not. But the banks make it their problem because it’s like, “Well, we can’t take it from the customer, we can’t crap on the poor people. We just take it from the people who have the money”. If everybody paid with Bitcoin on e-commerce sites, they wouldn’t need a bunch of fraud crap and all this other weird stuff people do to try to alleviate the bots and the hackers and whatever else. I’m very interested in seeing that use case evolve, things like the Lightning Network. I don’t know enough about it to contribute at that level. But the Lightning Network — there’s always people running headlines about how exciting it is, but it’s very experimental. There’s applications and things you can download and interact with it today, but it’s mostly just a proof of concept and there’s still issues to work out. But I do play with it, and I do track it and I hope to see some good stuff come out of that. In the same way that Bitcoin is solving the Byzantine Generals Problem, Lightning Network is simply riding on top of the Bitcoin solution. It was something people have been talking about since 2013, and now it’s seeing a lot of interest. Those kinds of things, unfortunately, tend to encourage centralization, which is sort of the enemy of this whole thing. But it’s unlikely that it’s just going to explode overnight. But if a merchant can get Bitcoin instead of an IOU for a credit card — if that was the only option you had — you could simplify your whole workflow, your whole fraud holding and capturing payments and all this other stuff. It’s just a different paradigm to get into people’s heads instead of Pay Pal accounts, Cloud Flare, whoever — hold my hand, save me from the bad, control me like here, please let me be your puppet, you tell me what to do. It’s that whole “be your own bank.” But it also means you have to evaluate these things yourself. The traditional middlemen have spent the past twenty years of e-commerce convincing people, “Don’t think, don’t you worry. You just let us handle it and we’ll take care of this for you, and just click here if you need support.” I think that those two worlds are clashing. We’re trying to get people to pay Bitcoin, especially the kinds of people that surf into your site from Instagram and Facebook. That demographic of people, they’ll sign up for whatever — “Apple, Google, take care of this for me.” And the Bitcoin people are completely different. I used the Wasabi Wallet, it was just a shirt or something. I don’t know if those two necessarily mix too well. It’s just mostly a gimmick, but at least I don’t have to worry about being rejected for fraud or anything. I make my own transaction, I set my mining fee, I could see it on the blockchain. I could even mine my own transaction, if I get lucky, right? It appeals to me as somebody who’s been doing it for a long time. But I’m not sure if that’s a scalable solution in itself. But it seems like there’s still mainstream interest in it. But I’m not sure that it’s something that can be sold to a person who is looking for a mainstream solution. Can’t be good if you are restricting your diet to one thing. I’ve heard of people who have started their own little crypto community or microcosm and they just trade crypto. Everywhere you look, it’s all about making smaller communities with like-minded people. I don’t think we have to worry until we start seeing the blogs and the exchanges all fading away. It’s a different way of thinking, like the people who go and hunt for their own meat versus the kinds of people who get in the drive thru at Burger King. But people always talk about Bitcoin being this global thing, it’s going to take over the world to be worth a billion dollars — I don’t really see how one follows from the other. This coronavirus stuff, this is the kind of stuff that these guys are waiting for. I mean, there was a lot of volatility, but people are still interested in buying it. If anything, this has been a really good time for them. By these guys, I’m not trying to include or exclude myself. They might be foolish, but it seems like they’re still interested in it. It’s just more business recently, especially with all the fears. It’s not like they’re being secretive about making more of them. I’m just saying there’s a lot of people in this community that think that a crisis is the rocket fuel for Bitcoin. As long as they’re interested in it, I don’t think it’s going away. People think it’s like a hedge against inflation, and whether that’s good or bad in the long term, it’s for anyone to decide. People say, “Oh, I’m a millionaire.” They count how much money they have. In the computer world, finances aside, there are (I myself work on some of these) old retro projects, people try to restore old video games and stuff like that. But the other alternative is counting what percentage of the supply they have. That’s really the only objective way to measure how much value you command. With Bitcoin, the whole idea is that we know what the supply is. We can verify it, we know it’s not going to keep growing forever. It’s a big paradigm shift for people to start thinking about, instead of just being a customer of some other company and saying, this one’s better, I’m going to give it a good rating. You have to actually just not be a customer of any company and just figure out how to do these things on your own, which I know isn’t for everybody. I meant that there’s all these projects, you can find people restoring old technology and old video game consoles. So take it or leave it.” The price pumping in Bitcoin comes from the mainstream interests. But the people who have been following this since the start, they’re used to this by now. There are still people out there in these small communities that mod those games, they take the game and they make it work on new hardware. But if you ask the mainstream people — “Dude, these games are dead.” Games these days have a lifetime of a couple weeks before people move on to the next one. I was just trying to compare it to the fact that I don’t think Bitcoin is dying ever, because even if there is some really bad stuff and people lose interest in it, there are going to be guys that are interested. I don’t think that is really a reflection on the interest in Bitcoin or how it’s faring. And if anything, everybody is excited to see how the mainstream people react to it. This is what we’ve been working on for over 10 years. But the old games, the classics, they’re still around. This is what we’ve been working on for over 10 years. If the price drops to S,000, that’s just the people on the gambling sites, the exchanges, the futures and derivatives, whatever they’re calling them. There’s these diehard people in Bitcoin, they call them the buyers of last resort.

date: 02-May-2021 11:22next


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