Bitcoin is now the most popular digital currency among other digital currencies. In this guide, you will learn what bitcoin is and how you can create a bitcoin account.
Also, we will advise you on whether it is safe to invest in bitcoin in 2018 or invest in other digital currencies.
Before I start, let me tell you my story. Kingsley, who’s a friend, introduced bitcoin to me in early 2016. Bitcoin had already been launched. And the problem was when he introduced bitcoin to me we did all the research on how to mine bitcoins on our personal computer but we tried and it wasn’t possible. Also, we were broke at the time and couldn’t afford to buy bitcoin at it’s lowest price because we were all teenagers and not working.
You know that feeling when you are young and do a research about something you are really interested in but end up giving up because you don’t have the resources.
Fast-forward to 2017 and everyone is talking and wanting to invest in bitcoin. This makes me wonder how much we would have made if we had invested or mined bitcoin.
How Do I Create Bitcoin In Africa?
So bitcoin is a digital currency which was created in Luxembourg. Digital currency is a currency which can not be touched and it is not controlled by the government or any banks.
Now imagine having a bitcoin worth USD 10,000 and travelling to another country on a plane without any government or anybody knowing you have such a huge amount on you.
In order for you to create Bitcoin. You will need to have a wallet first. We will write about some of the well-known bitcoin wallet service providers.
1. Visit www.coinbase.com to create your bitcoin account
2. Click on the sign-up and fill your details.
3. After that kindly go ahead and confirm your email.
4. Link your phone number and verify.
Some people like working with coinbase and others do not. When you buy bitcoin, using their site or make any transactions they charge kinda high fees.
Block Chain Info
Blockchain.info is another good company that provides you with bitcoin wallet services.
Bitcoinarmory.com is also another company with good services.
After Creating The Bitcoin Wallet What Next?
You will need to fund your bitcoin account after creating your wallet. That will be in another article.