This post is directed to those who don’t know anything about
bitcoin nor how to open a free bitcoin account. Bitcoin is not new, it is a
digital CryptoCurrency whose value keep appreciating. You can receive bitcoin
or use bitcoin to pay for an item online. Can I tell you this, if you have 1
bitcoin, you are a big boy because the value of one bitcoin as at today is
around $616.07 which is equivalent to N328.124
Now imagine yourself owning upto atleast 10Bitcoin? Do the
maths.
Tip: bitcoin simply
means online money
What is bitcoin address:
A Bitcoin
address is a single-use token. Like e-mail addresses, you can send bitcoins
to a person by sending bitcoins to one of their addresses.
Bitcoin address is like your bank account number, which you can use to receive money
from other recipients.
However, unlike e-mail addresses,
people have many different Bitcoin addresses and a unique address
should be used for each transaction.
How Can I Get A free Bitcoin Account?
There are many services that provided this services for like
Bitx, Coinbase etc but on this platform, I’ll be making use of Blockchain.
Step 2: click on wallet and you’ll be presented with the
image below
Step 3: Fill it and activate it via the link that will be
send to your email address.
Step 4: Login and go straight to your Security Center (Set
up the necessary details and your back up)
Step 5: Click on receive and you’ll see your bitcoin
address. To receive money from anyone using bitcoin, send them that address and
you are good to go.
Step 6: To send money to someone from your bitcoin, click on
send, and you’ll see the option to place the receiver bitcoin address, specify
the amount you want to send in $ and hit the send button.
How Can I Convert My Bitcoin to Physical Cash?
This is not a problem at all, you’ll always see people that
want to buy your bitcoin from you everyday. To easily convert it to physical
cash without worrying too much on how to get who to buy it from you, go to
Bitx.co and sign up.
Once you are signed up, upload your Proof of ID, Wait to be
verified
The rest is a work through steps
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