For many people, one of the new year’s resolutions at the start of the year is to make more money. And not to mention the noise about “the dip” on social media every so often, it is almost as if one is losing out on a big opportunity to make money.

Well, it is true that you can make more money investing in cryptocurrencies and the goal of this article is to show you how to become a cryptocurrency investor as easily as possible.

Before we dive in, let’s explain why crypto is a good investment option:

1. Crypto holds long-term value- Crypto is going to be around for a very long time and it is disrupting the financial sectors already. If you want to be part of the generation enjoying the dividends of investing in crypto, now is the time to invest.

2.  It is safe and reliable- Because of the fact that crypto cannot be seized or printed, it is a great way to store value.No authority can cancel or seize it.

3.  The demand and supply are in favor of the digital currency - Because of how scarce bitcoin is, for example, it has increased its value and this has a way of increasing the accumulation, circulation, and acceptability of the coin and other cryptocurrencies

4.  The technology behind the innovation of crypto is disruptive.

Disclaimer - This information is for educational purposes only and is not intended to serve as investment advice, and individuals should consult with their personal financial advisors with specific questions. Generally, individuals should follow the basic principles of good investing, read the information carefully, and avoid investments that claim to offer unreasonable returns. Vircap will not be held for any dump or loss of crypto assets.

Now that we have shared some reasons why it might be a good idea to invest in crypto, let’s talk about how to acquire them.

In Nigeria, acquiring crypto assets is not straightforward due to the regulation of cryptocurrencies by the Central Bank of Nigeria on February 5, 2021. Read more about that here

However, Nigerians are still buying it not just directly from their bank accounts.

PS: Crypto is not illegal in Nigeria, it is not just acceptable to be bought from Banks.

In order to help more people build their investment portfolios, cryptocurrency platforms like Vircap created a Peer-to-Peer platform otherwise known as P2P. This platform is where the buyer is exposed to a lot of crypto traders and they select which one of the traders they want to buy from.

Here is an example:

Shola is a trader on Vircap who has Bitcoin worth of N1Million to sell Tonye is interested in buying N100,000 worth of Bitcoin from Shola. Tonye sends money to Shola’s bank account and Shola releases that amount in Bitcoin to Tonye’s wallet through her wallet address. Now Tonye can see her asset in her Bitcoin wallet.

Easy right?

With a platform like Vircap, you can easily acquire not only Bitcoin but other cryptocurrencies and assets such as Ethereum, USDC, USDT, etc.

A step-by-step guide to owning cryptocurrencies in Nigeria

1. Download Vircap Mobile App- Vircap is a crypto acquisition and exchange Click on the trader and follow the prompt

2.  platform that allows users to own and exchange cryptocurrencies.

3.  Once downloaded, you create an account.

4.  You add a crypto wallet such as Bitcoin, Ethereum wallet, etc.

5.  Head over to the P2P exchange platform on Vircap

6.  Choose from any of the available traders

PSS: When transferring money to the seller, do not include crypto-related words in the description. Just notify the seller that the transfer is successful. The seller activates the release of the coins you paid for instantly within the time count of the transaction.

In some cases, there might be delays in releasing coins especially if the seller is yet to get an “alert” from his/her bank. We all know this is a regular thing in Nigeria. You do not need to panic, even if the time count has ended. Notify the customer support on Vircap and they will reach out to the seller and sort it out within the hour.

What are the pecks you should look out for when buying cryptocurrencies on any exchange platform?

1. Low transaction fees - the best platform gives low transaction fees, this is why a lot of people use Vircap.

2.  Instant transaction process- Vircap allows the process of transaction to run for just one minute. If your internet is stable, you can get the process down as quick as possible. Even if the time count is up, you can still contact sellers and the support team to help you.

3.  Safe and secure - Vircap keeps your data, and cryptocurrencies safe. It is required that you do not share your passwords or security keys and activate 2FA in order to keep your wallet and assets secure.

4.  Easy interface - Vircap has a friendly and easy-to-use interface to help you learn faster. You can download the mobile app from Google Play or Apple store.

5.  24/7 customer support - The best exchange platform are available to help you anytime any day and this is why many people choose Vircap. Customer support is available 24 hours every day to help users solve any problem.

What next?

Now that you have learned how to invest in cryptocurrencies, now is the best time to practice what you’ve learned. A platform like Vircap helps you keep your assets safe and supports you all through your crypto investment journey.