Recently, more people have searched for ‘bitcoin’ in Nigeria on Google than anywhere else across the world. It has twice the interest than Austria, according to Google Trends. Therefore, it is easy to see that there is a demand to expand the bitcoin market in Nigeria and an interest in how it works. Indeed, the most crypto traders in Africa are located here and this is going to continue to grow.
Well, your prayers have been answered if you are new or an experienced crypto trader. The good news is that the country now has its first Bitcoin ATM. This is in partnership with Blockstale BTM, which has installed it in the Dazey Lounge and Bar. This is located in Lagos and will be the 15th Bitcoin ATM present in Africa. Trading bitcoins is growing in popularity for those that like to trade online, enjoying success like casinos and NetBet Sports opportunities.
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What is Bitcoin?
First of all, you need to understand what Bitcoin is. This is going to enable you to know if you want to get started. This is a type of virtual currency, often referred to as cryptocurrency. It is controlled by a network of users and is not associated with national governments or banking institutions. Bitcoin is the most popular type of cryptocurrency that is used around the world. It can now be used by a lot of merchants to make purchases, which has led to the rise in Bitcoin ATMs. People are using it and there are now outlets for its increased popularity.
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