This article will teach you how to make money with Bitcoin and gift cards in Nigeria and also earn a living.
Have you been searching on the internet for how to buy and sell bitcoin and gift cards in Nigeria?
This detailed article contains all necessary information needed to make money from bitcoin and gift cards along with selling them.
I wrote an article on how to make money from piggyvest you should check it out.
A Short Story:
I was viewing Whatsapp status and facebook status when I found out that young minds are the big heads in the game.
You see a lot trying to buy and sell bitcoin or trying to redeem gift cards like:
- Amazon gift cards
- iTunes gift cards
- and more
The answer to your question is yes, you should start making money from bitcoin or gift cards.
You can lose neither would I say you are wasting your money nor it’s late to join.
A friend of mine recently started selling bitcoin and now his making his money from cryptocurrencies.
There are lots of sites online offering services like selling and buying of bitcoins and gift cards but most are not legit.
The truth is getting the best and trusted site to work with pays…
Some time ago, I could remember myself watching videos and attending tai lopez online bitcoin class just to become so rich like Dangote, mark Zuckerberg and the rest.
Yeah, bitcoin can allow you to make a name for yourself but I wasn’t really serious with it.
Until sooner when i had to say come what is the issue? 🙂
Then i had to sit up and see what i could make out of bitcoin selling.
We have lots of cryptocurrencies like:
Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Tether (USDT), Litecoin (LTC), Ripple (XRP) and Dash and so on.
But this are the most used and popular coins to buy and sell.
You can swap your gift card for some cash. Of course, you have to sell the gift card at a discounted rate, but you will get the money you need to buy whatever you want.
If you ready to learn how to make money from bitcoin and gift cards then you at the right place, sit back and relax.
You can check out platforms like coincola, localbitcoins, luno and paxful.
You might not make as much money from gift cards as you would on bitcoin but it sure can help you buy something cheap like a biscuit. lol
Bitcoin money is massive, why?
Top tech giants, celebrities are all in the game so you should know why they are making more money.
well, let’s stop there and see what we can learn from bitcoin and gift cards.
What is Bitcoin?
According to Wikipedia:
Bitcoin (₿) is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
The founder of the coin, Satoshi Nakamoto created it in 2009. Ever since it has been used as an investment.
What is Gift cards?
Gift cards also knew as gift vouchers or gift token in the UK is prepaid stored-value money card.
Usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses.
How to make money with Bitcoin and Gift Cards in Nigeria
I will start will gift card first then move to bitcoin.
You can make more money from bitcoin and gift card business than me.
To start buying and selling gift cards, you will need to have connections with the different businesses.
You can also find other websites online that buy and sell gift cards.
According to statistics, a lot of people don’t use the gift cards and this is a great way for your business to get hold of the cards.
How to Make Money Buying & Selling Gift cards in Nigeria
You should know that reselling gift cards is big business.
This usually involves buying gift cards at a deeply discounted rate from consumers who want to swap their gift cards for cash and selling to shoppers looking for a bargain at a price higher than your purchase price.
This means you could buy a $100 gift card for $50 from someone that needs quick cash and sell to another person for $70 and take the $30 profit.
You have probably seen ads or posts on social media of people offering to buy and sell Amazon Gift Cards, iTunes Gift Cards, Steam gift cards, Google Play Gift cards, etc,
This is probably the business model they are using.
You can find gift cards almost anywhere. These cards are usually issued at grocery stores, electronic stores, bookstores, and department stores.
With coincola you can pay for the coin with your local currency or another payment method including PayPal, Amazon Gift Cards, iTunes Gift Cards, Steam gift cards, Google Play Gift cards, etc.
Once you signup for a CoinCola account, you are just one step away from going into business.
You need to fund your wallet with Bitcoin first as most gift card sellers on CoinCola want BTC.
The best way to fund your CoinCola wallet is to find a local seller in your country. CoinCola offers a marketplace where you can connect with cryptocurrency traders in your country or city.
With your wallet loaded you can post your Ad on CoinCola setting the rate at which you buy.
You also set the limit or denominations of discounted gift cards you buy.
Other details you include in your ad are the type of gift cards you buy. Options include Amazon Gift Cards, iTunes Gift cards, Nike Gift Cards, Steam Gift cards, etc.
More options include gift cards for eBay, Google Play, Walmart, Sephora, Netflix, Apple Store, PlayStation Network, etc
Coincola allows you sell gift cards and also use the money to buy bitcoins which is an amazing feature on coincola.
The Untold Secret to Buy and Sell Gift cards
The secret of making money buying and selling gift cards is to buy low, sell high. However, it is important not to sell it too high.
If others are willing to sell their gift cards at reduced prices, there are also those who want to grab gift cards.
So, you can buy your gift card at a 0.5 rate and sell at a 0.7 rate. This means you can buy a $100 gift card at $50 and sell at a $70.
Lastly, be wise!
Don’t get scammed online.
How to Make Money Buying and Selling Bitcoins in Nigeria
Now its time to make some money from bitcoin.
Bitcoin is digital money; this simply means that unlike the previous form of money, Bitcoin is not anything physical.
It is not physical yet more real than any form of money earlier used.
How to invest and make money from Bitcoin?
There are several ways to make money with bitcoin:
- Bitcoin Mining.
- Trading on the growth and fall of the bitcoin rate.
- Bitcoin arbitration between exchanges.
- Investing in bitcoin.
Buying and selling bitcoins is probably the fastest and easiest way to try and make some money with bitcoin.
Just like the stock market, bitcoin trading involves buying at a low cost and selling when the price has gone up.
Read this article on how to start bitcoin trading with binary.com.
You can make a lot of money by buying and selling bitcoin online.
It is a high risk, high reward affair. The perfect strategy for making good money from Bitcoin is to purchase Bitcoin at a lower value and sell it at a higher value to earn a profit.
Bitcoin is a volatile currency which means the rate can rise or fall several times day with margin of $10-100 per bitcoin value.
investing in bitcoin with the strategy “buy and hold.” Here the name speaks for itself.
Bitcoin like gold is scarce, this is due to the finite or limited supply of Bitcoin, there are going to be only 21 million Bitcoin ever.
I mean EVER! (Out of that only about 16 million is in circulation now, as the rest are continually being mined).
With bitcoin, you can invest in the future.
For Nigerians, Bitcoin can serve as a high-profit investment, due to the behavior of the Nigerian Naira in the foreign exchange market.
A Bitcoin exchange is a website that handles the trading of bitcoin to other cryptocurrencies such as Ethereum, Litecoin, Dash etc.
A bitcoin exchange serves as a digital marketplace where traders can buy and sell bitcoins using different currencies or altcoins.
A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency.
The cost of bitcoin on these exchanges is quite different.
Mining Bitcoin used to be relatively simple, and the earliest miners were able to mine thousands of Bitcoin using their home computers.
However, in today’s very competitive and volatile market, miners buy expensive computer parts, that the high street customer has little access to, required for more processing power in order to mine more difficult algorithms.
Bitcoin mining is actually sweet.
There are two options for earning on BTC mining:
- Standard mining.
- Cloud mining.
How to Buy and Sell Bitcoin
Bitcoin can be purchased from different bitcoin currency exchange networks.
These networks allow users to buy Bitcoin from their chosen form of currency including the Nigerian Naira, US Dollars, British Pounds and Euros.
Register an account with Luno, Coinbase or localbitcoin in other to buy bitcoin.
Now you are ready to make a lot of money from bitcoin and gift cards in Nigeria.
My advice, keep your bitcoin and gift card safe, any wallet you are using makes sure the wallet is safe which means using a strong password.
For those who do not have the technical know-how of day trading bitcoin, their best bet is holding the asset and selling it when the price rises considerably.
Leave a comment if you still having difficulty…