I will start by saying that nigeria is one of the african most populated country with 36 state each state with different local government speaking different language.
Government in nigerian has not been able to secure for the citizen both gradute from the universities and non graduate which has affected the economy negatively and it has turn to a place for the survival of the fittest.
CrytoCurrency being a digital money and generally acceptable currency over the whole world has been beneficial for nigeran and it has been a mode by which many citizens in nigeria has been individually self employed.
Nigerians is the most african country involved in cryto trading this is because government has not been able to secure jobs for the citizens
most nigerians go into leaning extra courses online to ensure effective trading without excessive loose
it is a good investment Nigerians can take advantage of.
Talking about his personal experience before founding his company, Chiji14xchange, He said, “ “I was introduced to bitcoin around February 2017 and at that time, one bitcoin was worth almost $900.
But today, the value of that amount is worth $7,150, which is a whopping $6200 profit. I can confidently say that no other asset can boast of such growth during this stipulated period,” he said , adding that many International exchanges have even come to operate in Nigeria.
Comparing it to stocks, he said, “Bitcoin Investment is like buying digital assets on the internet as it does not even require a government license or certificate.
On the other hand, stock investments are majorly influenced by the company involved and its profit and performance for a given period of time.
It’s easier to buy bitcoin than stocks. You can buy and invest in bitcoin peer to peer but you can’t do same with stocks. Bitcoin trading is 24/7. Stock market opens on Monday and closes on Friday.
Some nations don’t have access to buying stocks in USA for instance but Bitcoin is border less hence any one from any part of the world with a smart phone connected to the Internet can buy bitcoin without Government restrictions. Stock investments are great if done right but I will choose bitcoin over stocks any day.
Odum Chijioke John, the Founder and Chief Executive Officer of Chiji14xchange was born November 15, 1994. He is from Mbaukwu in Awka South local government of Anambra State but grew up in Lagos, lives and works in the city.
He had both his primary and secondary education in Lagos; Golden Light Primary School, Ejigbo and
Omatseye Tuedor Memorial College, respectively. He attended Federal University of Technology Owerri (FUTO), Imo State where he bagged a Bachelor’s degree in Mathematics.
He is single, a christian and a lover of football and travelling..
MEANS BY WHICH NIGERIANS HAS BENEFITED FROM CRYPTOCURRENCY
smartcontracts: this has serve as an internet marketing in a way to earn free cryto by referrals, inviting and also recruiting members in E.g Forsage
Luno App: this has been a means of storing and investing crypto such has bitcoin, ethereum, ripple and bitcoin cash. the luno app has been the most use application use by nigerians to trade cryto
BINANCE: the binance also like luno which is use for buying and selling of cryto
TRUST WALLET, BLOCKCHAIN WALLET AND TOKEN also use for storing crypto currency.