Bitcoin and several other cryptocurrencies are becoming assets to hold and own by many people in the world today. It has been a way to make a fortune as well as make a means of payment for goods and services.
Although cryptocurrency hasn’t been widely adopted, it is growing in different parts of the world. As of the time of this writing, the crypto market is worth trillions of USD.
In Nigeria, cryptocurrency activities have been banned in financial institutions by the Central Bank of Nigeria. This, however, hasn’t stopped crypto trading but has increased it.
Peer-to-peer platforms have been used by traders which have the region as the largest users of crypto in the world. In the quest to be involved in the buying and selling of Bitcoin and other crypto assets, where to get the best rates has been an option.
In this post, we’ll look at one of the best places to buy BTC & other cryptos at the best rates. Prestmit, a digital exchange platform in Nigeria will be the focus. Before then, let’s know why people want Bitcoin and other digital currencies.
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Why People Want to Trade Bitcoin & Other Cryptos
Discussed below are some of the reasons people want to trade i.e. buy or sell Bitcoins and other cryptocurrency.
1. Distrust of the financial system– Bitcoin came to be after the global financial crisis of 2007/8. It was proffered as a solution to the reckless behavior of large financial institutions & the inability of government to regulate them.
The advantages digital currency have over the traditional forms of money makes it one to consider for the people. As there has been a huge sense of distrust of the financial system, Bitcoin, which is decentralized therefore look like what to try out.
People who saw the value of BTC jumped on it to make it one of the fastest growing new technology in history. Bitcoin has enjoyed huge success despite its risky nature and been an asset to trade for profit. This has also birthed other crypto asset like Ethereum, Dogecoin, USDT, Litecoin, etc.
2. Make quick money– Many people want to trade cryptocurrency as it is seen as a way of making quick money. The unstable price of crypto assets have made many to study its market in order to make a fortune.
Many who bought Bitcoin in the early days became millionaire overnight. There are a lot of stories of ordinary people and early investors who made their fortune in BTC with relatively little initial investment. Even the early miners are not left out as they earned BTC with ease.
These stories of the early investors have captured people’s imaginations and make them look to crypto to get rich. Although there has been bubble at some points for various reasons, people still key to the possibilities in crypto.
3. Hedge against inflation- Some pitch their tents with cryptocurrency to hedge against inflation. The high dollar in the exchange market has contributed to the ‘crippling’ economy. Many, therefore take to Bitcoin trading as solution.
Nigerians are listed top among the users of the leading crypto exchanges. Many people buy & sell Bitcoin and several other alternative coins for this reason.
4. Decentralization of crypto– Many crypto assets are decentralized. This means that no company, government or organization has complete control over the currency. Some people really care about the decentralization which helps to send/receive money without the notice of banks & other financial institutions.
Although some governing banks like the Central Bank of Nigeria has banned activities involving crypto in financial institutions, peer-to-peer platforms which are decentralized has been an option. One of the best P2P platforms in Nigeria today is Prestmit.
Where To Buy Bitcoin & Other Crypto At The Best Rates In Nigeria
Peer-to-peer trading platforms is a been used by Nigerians for their crypto trading. Traders in this part of the world look for a secure place for their trading as well as where they can get the best rates.
Prestmit is one of the top P2P platforms that guarantees safety. Top on its features is that it gives the best rates for its digital exchange services.
Prestmit is one of the top Cryptocurrency trading Platform in Nigeria & Ghana
The platform is built with love to give you the simplest trading experience ever so you will never find it difficult to use.
It is designed with the users in mind. The rates here are true with the market rates. The aim is not only to make profit, but to ensure every user has an amazing experience while using the platform.
Bitcoin (BTC), Dogecoin (DOGE), Tether (USDT), and Litecoin (LTC) are all available at the best rates. Prestmit offer four payment methods for gift card transactions. You can be paid in naira, cedis, bitcoins and at the same time, you can convert your gift cards to USDT.
What You Need To Know About Prestmit’s Bitcoin Trading App
- It is faster– The latest version of the Prestmit app makes your transaction faster than ever. Transactions only take minutes and payments are instant once requested. Both naira and crypto withdrawals on the platform are instant.
- It is much easier– One of the reasons Prestmit’s user can’t but use the app is because it is easy to use. You can download the app with ease as well as trade with ease. The new app is built to give you the simplest trading experience ever.
3. Better experience- The launch of the new app is to serve its users who have given it top ratings much better experience. The latest version is a boast for Bitcoin and other crypto trading. The good rates provided on this platform coupled with its user friendly app gives you awesome experience. All you need do is to upgrade your app to the latest version or download the app if you are new to Prestmit.
Also Read– Top Bitcoin News This Week (April 10th- 17th)
You can begin this awesome journey with Prestmit by downloading its app. Click here to download Prestmit App. With this, users are closer to the platform, and can carry out transactions easier than ever.
