Bitcoin is a form of digital currency, created and held electronically.No one controls it.Bitcoins aren't printed, like naira or dollars – they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.Bitcoin was invented on 31 October 2008 in a research paper called "Bitcoin: A Peer-to-Peer Electronic Cash system".It was implemented as open source code and released in January 2009.Once it was released into the wild, the bitcoin currency ecosystem operated on a public, inalterable schedule.We know exactly how many bitcoins there are in existence today (12,446,725) and how many there will eventually be in total: when the 21 millionth bitcoin is minted, the plates automatically self-destruct.OnlineNaira is the preferred deposit method for Africans to fund Bitcoin accounts and this page is dedicated to helping you understand how best to use OnlineNaira to Bitcoin.Bitcoin Deposits In order to FUND your Bitcoin account, you will first need to make a deposit into OnlineNaira by using either cash or card.

To deposit with CASH - Please login into your OnlineNaira account and click on DEPOSIT MONEY.Enter the amount you want to deposit in Naira and choose "eCurrency" as the deposit method.When you submit the form, you will find bank account details on the following page.It is important that you start your deposit from within OnlineNaira just as described above.We charge a cash deposit fee of % + N when you pay by cash.To deposit with CARD - Use the form opposite to make a deposit with any CARD issued in Nigeria.We promise to fund your Bitcoin account within minutes.We charge a card deposit fee of 2% + N222 when you pay by card.Placing your Bitcoin Order In order to place your Bitcoin order, login and click on SEND MONEY, choose Bitcoin in the Payment Options and enter the $ amount to fund.Provide your Bitcoin Wallet Address and submit.Withdraw Bitcoins Please send your bitcoins to our wallet address as shown below.As soon as we have received your btc is confirmed, it would be placed in your OnlineNaira account and you would then be able to withdraw it into your bamk account.

Ask a member of staff for a valid wallet addres or use the following: 3KE5xK8VjKov5C2JxuBToD8JtJrLzwWd2X 3EJhTCx1J97X8FXwTocix3ev1shCMFB1cX Frequently Asked Questions Q - Why is my card not accepted for payment?A - There could be many reasons why your card is not accepted for payment and it should be understood that our staff do not have control over what card is accepted.ubuntu bitcoin removeWe suggest you try like 2 or 3 times as it may be due to network issues in Nigeria.mercado bitcoin chartIf the problem persists after a few trials, please use alternative deposit methods such as Cash into Bank or Internet Banking.bitcoin price 1700Q - Do I need to sign-up to Fund Bitcoin?caida bitcoin 2015

A - Yes, you need to signup with OnlineNaira in order to fund your Bitcoin account.When you sign-up, you will be able to manage your details, manage your many deposits and withdrawals.Q - What is MyBTC?A - MyBTC is our way of providing you with your own bicoin wallet address with which you could receive your own bitcoins.litecoin finding a blockWhen anyone wants to pay you, you just need to give them your bitcoin wallet address.is bitcoin scryptWhen you receive money, we would place th ereceived money less any fees into your OnlineNaira account within 5mins.To get your own wallet address, login and click on MyBTC on the left-hand menu and we'll setup your wallet.Q - The dollar I received is less than the dollar I sent, why?A - OnlineNaira does not send dollar, but btc.When you place a bitcoin order, we tell you exactly how much bitcoin we would send and that does not change.

We cannot guarantee the amount of dollar you receive, but we are able to guarantee the btc value we send.Q - Could I deposit without login into OnlineNaira?Every bitcoin tranaction has a different address and you would nee dto provide us with the new address each time.When you make a cash deposit into our bank account, be sure to add your OnlineNaira Username as the depositor.I want to SIGN UP to my free account.Join our Telegram Channel!Get Bitcoin News stories in Telegram × DismissBitX is spreading its wings to cover those regions it had not before.It is barely six months since it launched its services in Indonesia and now it is stretching its services to Nigeria.Now the Nigerian can now access their services, to better their businesses.They can use bitcoin wallet, API and exchange services.Before it was launched, the representatives pointed out that bringing their services in Nigeria will enable the users to use Naira to transact with via the BitX wallet, trade on their exchange and use the API to their advantage by incorporating it into appropriate products.

It is not surprising that BitX has decided to launch its services in Nigeria.Actually, both Indonesia and Nigeria had been in the list of the target markets since April last year.The country is among the countries with the fastest growing economy in the African continent.This raised the hopes of Marcus Swanepoel, BitX CEO.Before the launching of their services in Nigeria, the CEO had made it clear that the company was aware of the high demand for bitcoin services and products.He connoted that the organization was working hand in hand with the interested businesses, to produce new amazing products in the market.Another reason why BitX considered Nigeria over other big players in Africa such as South Africa is that in April 2013, the country became the largest economy.At the time, it crunched a GDP of 509.9 billion dollars as compared to the South Africa GDP, which was $350.6 billion.However, analysts have a few that with Nigeria’s human population of 170 million, their economy should be better since South Africa has a population of 52.98 million.

Usually, bitcoin market has been advanced and it is now accessible in various platforms and devices.With the proliferation of smartphones, it is has become even easier and convenient to transact with BitX.However, this may not be easy in Nigeria, since the wave of smartphones is yet to penetrate the country.The GSM Association, which is a mobile operator, estimated that only 10 to 15% of mobile subscribers use smartphones.All the same, BitX has it all covered.It is expected that the company will join ICE3x, the latest exchange to improve the user preferences of the services in Nigeria.ICE3x had pitched their tent earlier in Nigeria.They provide order-book exchange services, which facilitates efficient exchange of the Naira with digital currencies among them litecoin and bitcoin.BitX too intends to not only allow users to buy services and goods using Bitcoin but they will also be able to convert the digital currency into the local Naira.BitX is already launched in Nigeria.There are expectations that businesses in the country will change for the best.