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Bitcoin is the currency for the future as the morning can not stop the afternoon from coming to past the value keep rising and breaking new height. recently 1 bitcoin equals 1,500 USD and its now over that as at the time of writing this.
Creating a bitcoin wallet is not hard but first let me clear any misconception you may have about the bitcoin wallet so you easily understand ho it works. Your bitcoin wallet is just like your normal bank account you open to your name where you save money and perform other necessary transaction (debit & credit).
So your your bitcoin wallet serves as your bank. you open a bitcoin wallet just like how you open a bank account and they are different bitcoin walet just like how they are different bank account(GTB, Zenith, UBA and co). and unlike your Bank where you are given an account number however in bitcoin wallet you have an address instead of the account number and this address changes from time to time.
The bitcoin address is a string of code generated by your bitcoin wallet(your bank)
Some bitcoin wallet includes;Blockchain, coinbase, Xapo, Mycellia, Luno and others but the most popular and secure one is the blockchain Wallet. For the purpose of this article i will be using the bockchain wallet as example.
Steps On How To Open a Bitcoin Wallet In Nigeria
1. Proceed to blockchain.info be sure that there is a green secure bar next to the address bar.
2. The next Thing to do is to click on "Create Your Wallet" fill out your correct details email and a very strong password and click on continue and fill out other aspect.
3. If successful you will be automatically logged in to your home page. now that you have created your bitcoin wallet the next important step is to tighten the security of your wallet.
4. The security tab is located on the right hand side of your home screen under the bold icon "BLOCKCHAIN" click on it.
5. As you can see above verify your phone phone number and move over to level two and if you want to link it wih your mobile phone and on the third level which is the advance your security option to harden your wallet "Back Up Request"
where ask to write down the 12 different words display to you. this step is very important because if you loss your phone or PC only with this 12 words will you be granted acess to your funds.
After that visit your the FAQ section below the settings tab and read up how touse your wallet securely and other important articles.
Cheers!
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A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user. The Bitcoin wallet comes in many forms; desktop, mobile, web and hardware are the four main types of wallets.Neo Online Wallet
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