As we know, we’re living in a digital world right now. We’re currently living in a world of IoT, Artificial Intelligence, Genetic Engineering, and others. However, one of this era’s financial breakthrough is Cryptocurrency which makes financial transaction way easier than traditional transactions.
WHAT IS CRYPTOCURRENCY?
According to Investopedia, cryptocurrency is a decentralized virtual currency that uses cryptography for security making it difficult to counterfeit. The best thing about the currency is that it’s not under the control of any central government agency and there are different types of currencies.
FORMS OF CRYPTOCURRENCIES:
Of all of the currencies, the coin with the highest value is Bitcoin and it was also the first cryptocurrency with a capitalization of $190 billion and other popular currencies are Etherum, Ripple’s XRP, USDT and Bitcoin Cash. Etherum is the second most sorted after coin with a capitalization of $14.14 billion, followed by Ripple XRP with a capitalization of $11.9 billion, Bitcoin Cash with a capitalization of $8.2 billion and USDT with a capitalization of $4.6 billion which makes them the most sorted after currencies in the crypto market.
One of the good things about cryptocurrency is that it’s a good way to make money in the comfort of your house with no stress of following the trends about it crashing or not and you can perform online payments and financial transactions without going to the bank. All you need to do is just have your money invest in a coin and watch it operate with the designed algorithm of demand and supply. That being said, there are various operators in the country but we will be sharing with you only 3 of them that are very reliable which are Quidax, Local Bitcoins, and Paxful.
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It’s a company that keeps growing in innovation and technology in the cryptocurrency world which operates in about 70 countries and 6 continents. It has a very user-friendly website and recently just launched an app to make performing transactions easier.
They have relationship with most of the top banks in Nigeria (Access Bank, GTBank, e.tc.) which allows you to deposit with your card once you sign up with them and you can make a minimum deposit of N200 and a maximum of N14 million based on the various levels you are in and you can make withdrawals within 5-10 minutes. The top cryptocurrencies are available on the platform and the exchange rates are very attractive.
2. Local Bitcoin
Local bitcoin is a platform in which you get to buy or sell bitcoins but not from them. So if you want to buy coins they act as the middle person who holds on to the coins or money till the seller or buyer confirms that he has been settled. The downside is that they only deal with bitcoins and they do not have wallets for you to store your coins or money.
It’s a platform that operates just like Local Bitcoin that operates with only bitcoins and also they act as middlemen too. One of their advantages is that you can use different platforms to purchase coins like gift cards, western union, PayPal and the rest. But one thing about them is their security on the website is not good because they are fraudsters on the site.
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We strongly believe that the best of them all is Quidax because of the platform’s portfolio, Cybersecurity, and top-notch innovations. If you’re a business owner in this digitized era, we strongly recommend cryptocurrency for your business.