Why Nigerians they Use Bitcoin.

[Supreme Donvic]

Inflation and Naira depreciation: Naira value just dey fall every day, so Bitcoin na better way to store value.
So if you invest for Bitcoin, like if you won con save your money for Bitcoin for some years when you won collect am e go give you more than the value way you been but am, so na one of the reasons people for Nigeria here dey invest inside Bitcoin.

Cross-border payments: Bitcoin dey more faster and cheaper when you won send money give person for another country with Bitcoin than when you go use bank or Western Union.
Bitcoin con even make salary payment for those Nigerian people way dey the country dey work for foreign companies for online dey very easy.

Limited banking freedom: E get some restrictions way government done put en place way be say e no dey give us freedom for our own money and again government restrictions way dey for foreign currency don make Bitcoin a flexible alternative.

Privacy and control: Bitcoin dey allow users or investors control their own money without relying on banks, for Bitcoin you no need second or third party for you to control your money.

[Duru_01]

Naira is already a mess and for the future all of us are looking forward to, we can't really achieve anything by just earning in naira cause there's no value at all. Buying and keeping Bitcoin for some time can make you achieve that dream. Anyone one who wants to survive must look forward to earning in foreign currency and Bitcoin is a sure way, Bitcoin is both the present and the future.

[SuperBitMan]

To be honest all the things way you talk na the reason why many Nigeria dey invest in Bitcoin, Bitcoin na very good investment and na that one you no mention people dey also invest in Bitcoin because na very good investment, if you dey invest inside Bitcoin like dey buy Bitcoin dey hold am for 10 to 20 years consistently your life go change because you go make better gain from that investment, Bitcoin go still dey better for future the price of Bitcoin go continue to dey grow, I no say some people go dey doubt but nothing to doubt there because of if you look how Bitcoin growth history dey you go see am say Bitcoin still get plenty possibilities.
One of the reasons why i enter Bitcoin investment na the money way I fit get from am, watin you talk na truth if you dey save for Bitcoin e dey more better than say you dey save for bank.

[Sammye3]

The best advantage Bitcoin has over fiat for me is the control over assets unlike the bank that restricts some activities and monitors transactions as well. Bitcoin's decentralized network structure is what makes it more preferable and protected to use than regular fiat currency.

Inflation can be controlled by the government which makes it even more risky to save up one's money in fiat currency as the government can for their selfish desire decide to inflate the economy.

Bitcoin would always remain a good store of value and a better investment for the future.

[Itz-prisigold]

Yeah you're right and I totally agree with you on this, and another reason a lot of nigerian's go into Bitcoin now is also lack of trust in the system. Many people have lost confidence in traditional organizations. You can wake up one morning, and a new policy has changed on how you can use your own money, even bank limits or random restrictions. That kind of unpredictable situations that pushes people to look for other options they can actually control.

And let's be real, Bitcoin gives that freedom. You can save, send and receive funds from anywhere without waiting for approval or even getting worried that your money will be frozen. Before now, it was practically impossible for an average Nigerian to get paid easily from clients abroad or run business without facing so many limitations. So it has open doors for freelancers and online workers to get paid from abroad without any stress or delay.

So yes, Bitcoin might have it's risks. So I agree with you that Bitcoin helps add value to your savings and  it's also about taking control and having access to financial system that really works for them.

[AGogi2003]

To be honest all the things way you talk na the reason why many Nigeria dey invest in Bitcoin, Bitcoin na very good investment and na that one you no mention people dey also invest in Bitcoin because na very good investment, if you dey invest inside Bitcoin like dey buy Bitcoin dey hold am for 10 to 20 years consistently your life go change because you go make better gain from that investment, Bitcoin go still dey better for future the price of Bitcoin go continue to dey grow, I no say some people go dey doubt but nothing to doubt there because of if you look how Bitcoin growth history dey you go see am say Bitcoin still get plenty possibilities.
One of the reasons why i enter Bitcoin investment na the money way I fit get from am, watin you talk na truth if you dey save for Bitcoin e dey more better than say you dey save for bank.

Omo 20 years too long even like 5 to 10 years you go profitable in Bitcoin. Most of our people that know about bitcoin even they are not in the forum they always investing in bitcoin because they already know the benefits of it and that is why he will be very difficult for them to invest in another thing without investing in bitcoin first. If you using bitcoin you will have control over your coin and know one will try to tax or rub you. But bank will always charge you for maintenance every month when you have budget money for another things but at last bank will surly touch it and spoil your plan then by just saving money in the bank is more advisable to invest it with bitcoin so that when the price is increasing you will be profitable and add more funds to your capital and interest. But when you keep it in bank I don't think you will get any benefit accept you invest with them and be getting small commission.

[Joy_learns_crypto]

Inflation and Naira depreciation

if Naira depreciation and other economical problems with the Naira na you reason to Dey hold bitcoin then you should get stable coins instead because you Dey find stability and bitcoin Dey volatile.

Limited banking freedom

Privacy and control

Amongst wetin you don talk for your post the above two na my reason why I choose bitcoin. I won be my own bank and maintain my anonymity, also privacy Dey important to be and bitcoin gives that far more than Fiat.

[VivaMan]

It is general accepted globally and profitable for easy transactions around the world 🌎🌎 without stress or fear of scams or fraud 🤥 with it massive growth and profit.
Access to wealth and well secured platform for investing without fear or doubt fast and reliable for all investors.

[CryptoHeadlineNews]

And in addition to what you just gave above, another reason why the majority of Nigerians are using Bitcoin is also for investment purposes. Because ever since Bitcoin came into existence and people saw the potential it has got as a digital currency, many people have chosen Bitcoin as their primary means of asset investment, due to it's high potential to have greater value in long term, far better than investments made in both gold and fiat. And Michael Saylor of Microstrategy is a common example of such individual who buys and uses Bitcoin only as an asset for investment. And not minding the amount, you can even buy 0.001 BTC and hold onto it for 15years. Or probably save it as your child's investment fund.

[Sonia_123]

Inflation and Naira depreciation: Naira value just dey fall every day, so Bitcoin na better way to store value.
So if you invest for Bitcoin, like if you won con save your money for Bitcoin for some years when you won collect am e go give you more than the value way you been but am, so na one of the reasons people for Nigeria here dey invest inside Bitcoin.

Cross-border payments: Bitcoin dey more faster and cheaper when you won send money give person for another country with Bitcoin than when you go use bank or Western Union.
Bitcoin con even make salary payment for those Nigerian people way dey the country dey work for foreign companies for online dey very easy.

Limited banking freedom: E get some restrictions way government done put en place way be say e no dey give us freedom for our own money and again government restrictions way dey for foreign currency don make Bitcoin a flexible alternative.

Privacy and control: Bitcoin dey allow users or investors control their own money without relying on banks, for Bitcoin you no need second or third party for you to control your money.

Because na him be the only sure way for financial freedom wey we get for our time, he come to save us from our hard leaders wey we get for our  country, if not be for bitcoin we nor know where we for dey for life now for naija, see now we nor even get direction for the country,.our Naira no value, no job, hardship everywhere people dey beg to survive, for those of us wey dey now inside bitcoin we nor dey feel am much , but make i tell you truth hardship dey, we nor know wetin bitcoin don do for us. OP na tru talk you talk, the country nor even get direction again, even our lives dey at stake, now we fit control of financial resources as we like anytime from our house or anywhere we dey without problem.

[DPHOR]

You know say one thing wey dey make me happy about bitcoin be say you no get time to dey go bank go perform operation where bankers go begin ask you wetin you wan used your do or to dey question you why you wan send give person that kind amount of money. In fact bitcoin na powerful asset wey them launch come bring people from poverty as many people dey benefits from bitcoin and cryptocurrency trading at large and person no supposed dey complained about himself of things dey hard for them again. I fit remember how this asset don help people wella for we country.

[SatoPrincess]

The 4 points way you give na the reason why bitcoiners all around the world not only Nigeria dey buy bitcoin - investment purpose, hedge against inflation, seamless international payment, and privacy/control. For many Nigerians, them no really care about privacy or control, na the fact them fit use bitcoin as hedge against inflation and also the potential profits them fit make from bitcoin investment.

[Ishicryptic]

And in addition to what you just gave above, another reason why the majority of Nigerians are using Bitcoin is also for investment purposes. Because ever since Bitcoin came into existence and people saw the potential it has got as a digital currency, many people have chosen Bitcoin as their primary means of asset investment, due to it's high potential to have greater value in long term, far better than investments made in both gold and fiat. And Michael Saylor of Microstrategy is a common example of such individual who buys and uses Bitcoin only as an asset for investment. And not minding the amount, you can even buy 0.001 BTC and hold onto it for 15years. Or probably save it as your child's investment fund.

People have different reasons for using and holding Bitcoin which some of them have been highlighted in the OP but I believe that the main reason why majority of them buys Bitcoin is for investment purpose. Whether it is in Nigeria, or outside the country a lot of people have seen the potentials of Bitcoin to give them profit on the long term and that is why they do DCA method to accumulate enough of it. Other reasons like Bitcoin being an edge against inflation are minor reasons for hodling Bitcoin, people basically want to make profit from it. Bitcoin investment is easy to start unlike other investments like gold and stock which you need paperwork, you can sit in your house and start the investment without stress.

[Dr.Bitcoin_Strange]

If you check, you will know that all of these advantages are what Bitcoin offers, freedom, privacy, security, p2p transaction both national and international, and bitcoin is a store of value, all of these reason is what would convince anyone to start investing or holding Bitcoin, it's not just Nigerians but a large popular of the world have keyed into Bitcoin because of its advantages.

[Youngrebel]

To be honest all the things way you talk na the reason why many Nigeria dey invest in Bitcoin, Bitcoin na very good investment and na that one you no mention people dey also invest in Bitcoin because na very good investment, if you dey invest inside Bitcoin like dey buy Bitcoin dey hold am for 10 to 20 years consistently your life go change because you go make better gain from that investment, Bitcoin go still dey better for future the price of Bitcoin go continue to dey grow, I no say some people go dey doubt but nothing to doubt there because of if you look how Bitcoin growth history dey you go see am say Bitcoin still get plenty possibilities.
One of the reasons why i enter Bitcoin investment na the money way I fit get from am, watin you talk na truth if you dey save for Bitcoin e dey more better than say you dey save for bank.

Rightly stated here. Who go see better thing come decide say na bad thing you want ? Imagine say i put money for bank and every month dem dey debit.me small small money from my small money wey I dey save and and another place dey wey I go put small money and then the money dey increase small small which is Bitcoin.  If na you whoch one you go vhoose? Yor me sef Bitcoin bever even dey ramparde reach for Nigeria, because i for like make eveybody go accept and use Bitcoin tor their store. i wish dem the federal government  fo even give 100% go ahead for Nigeria to use Bitcoin i know say more people go dey go into Bitcoin investment and the use of this thing wey dey call Bitcoin. 

[Youngrebel]

To be honest all the things way you talk na the reason why many Nigeria dey invest in Bitcoin, Bitcoin na very good investment and na that one you no mention people dey also invest in Bitcoin because na very good investment, if you dey invest inside Bitcoin like dey buy Bitcoin dey hold am for 10 to 20 years consistently your life go change because you go make better gain from that investment, Bitcoin go still dey better for future the price of Bitcoin go continue to dey grow, I no say some people go dey doubt but nothing to doubt there because of if you look how Bitcoin growth history dey you go see am say Bitcoin still get plenty possibilities.
One of the reasons why i enter Bitcoin investment na the money way I fit get from am, watin you talk na truth if you dey save for Bitcoin e dey more better than say you dey save for bank.

Rightly stated here. Who go see better thing come decide say na bad thing you want ? Imagine say i put money for bank and every month dem dey debit.me small small money from my small money wey I dey save and and another place dey wey I go put small money and then the money dey increase small small which is Bitcoin.  If na you whoch one you go vhoose? Yor me sef Bitcoin bever even dey ramparde reach for Nigeria, because i for like make eveybody go accept and use Bitcoin tor their store. i wish dem the federal government  fo even give 100% go ahead for Nigeria to use Bitcoin i know say more people go dey go into Bitcoin investment and the use of this thing wey dey call Bitcoin. 

[Asiska02]

Everything wey you list up there about bitcoin use for Nigerians, na so them be and most of us today dey use am because of the first option wey you list there, due to Naira depreciation. The thing dey very obvious and very understandable say Bitcoin dey always dey give better ways of appreciable outcome after investing into am.

First of all, if we invest for Bitcoin, e dey really give us better hope for increment, then if we come also wan swap am to Naira, the dollar price of am dey also play him own role as to how much we go fit make from the swapping. After investment for Bitcoin, the price dey appreciate and anywhere you put your take profit, na there you go comot for the market. Even if Naira to Dollar rate no favour you sometimes, the profits wey you don make for your bitcoin investment go cover up for you.

[mustapha67]

It is practically obvious that naira is failing, and reducing value each day that passes. This reduction, or depreciation in value is evident that our future utilization of naira is not garranteed.

Therefore, most Nigerians are seriously adopting Bitcoin, hence, it is a foreign currency that has a high value of services, and exchanges as matters of commercial investment. As a matter of concern, I have lined up to using Bitcoin in order to save funds for both present and future utilization.

[Claudksg]

Bitcoin gives hope once you dey enlightened about ham you are one a good track.niara no get level anywhere even for Nigeria here,when our government no make ham get level.so who no like better thing.so if investing in bitcoin they benefit us na naira go come be our problem.we are here in this life to grow make profit and gain to solve our problems and pay bills so we if naira no dey help and Bitcoin they changed life wetin you wan use naira do.

[Pikiboy]

Sincerely speaking you're absolutely right, because if you look at the value of our currency today I wondered how the next 20years will be, most times I think our naija should fully adopt Bitcoin in either to make us regain more value,
Sometimes in festival period you go to our local bank stand from morning till noon, just to have access to your money saving money for 20years without benefits, government will tell you maintenance frees unnecessary charges
But with BTC investment you have control and you have full access to your investment at any given time no financial trafficking and enjoying  multiple profit on top your investment.