Investing in cryptocurrency helps to plan a brighter future. Nigeria need to be aware of the advantages of saving and investing with cryptocurrency. Crypto currency are sometimes classified as risk, but with through research and understanding there some cryptocurrencies that have a High level of potential and minimal loss, some are easily predictable, we just have to be active and follow the signals.
Many Young Nigerian lives have changed in an upgrade form, due to crypto investment. In my life experiences I believe in crypto investment as a means of life changing phenomenal.
As a Crypto investor we must always study the cryptocurrency Market to alwsay be aware of potential coins, that could serve and an increase to our assets
Ways to Own or Earn our Crypto Assets In Nigeria
Mining; Although not all crypto comes from Mining. Mining is the process of generating new coins. Most New Crypto started with Mining. You can Mine your Crypto through Mining Software or Mining pool.
Through Finance; Cryto Currency can be bought monetarily and owned and also traded. Most Financial institutions support the trading of crypto, whereby you can easily transfer from your online bank to your crypto wallet to save and invest as an asset. Crypto Currencies can be owned by buying them. You can also sell crypto.
Through Airdrops; This is a Marketing strategy that involves you engaging in some simple or complex to help own a Coin. Airdrop is mostly done to help new coins boost its awareness and campaign. Not all Airdrop are real, be cautious.
Why We Need to Own a Crypto Asset in Nigeria
It gives you Free Control of your money, whereby no organization or anyone is watchful or how many or how big your income is.
Value May Rise; owning a potential coin can be profitable as your investment may rise or grow gradually depending on the crypto market flow.
Safe And Secure; Transaction are secured by the blockchain system whereby no one can access your account or the funds in your account unless you release your crypto wallet keys.
Privacy; Nobody can Access your account, and Nobody can see what’s going on in your wallet or how much coins or money you have in your wallet. This is one major reason why people love crypto currency.
East And Fast Transactions; Transaction are done effortlessly either to any currency or another wallet, immediately you get your earnings
Things to Note on Owning a Crypto
Due to Some crypto market crisis, there can be loss of investment, whereby investors gets less profit or their investment reduces. This is why we need to be aware of understanding potential coins. This is one of the major Challenges Crypto enthusiasts and beginners face
Another problem is due to high level of security on the blockchain, crypto wallet are strict with forgetting of passwords and false logging in. Most people find it difficult or loose hopes in logging in to their wallet if they forgets their passwords because of the high level of cybersecurity crypto wallet have.
In Conclusion, investment in crypto currency’s is the best investment if we understand the crypto market and potential coins as it is profitable to our savings and assets in Nigeria. And note that crypto also have its own risk factors on security and loss of profit and investment, although we don’t lose money completely on crypto but it can take a while before it’s increases back. But dues to modernization and advancement crypto investment is the best as it is very predictable depending on the crypto market of the Coin.
This is My Entry to the #inleo #Mayinleo Day 11 or the Month of May Calendar. You can participate in the Inleo through #leogrowth
Thank You For reading My Post
Yours sincerely
Mikechrist
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This is educative I must say
I look forward to investing in crypto some day.
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