Cryptocurrencies (or digital currencies) are electronic money that relies on cryptography (a series of codes and math formulas) rather than central banks to regulate its creation and transfer. Cryptography prevents counterfeiting, and it cannot be shut down by governments; this means that it does not have a single point of failure. Bitcoin was created in 2009 and is now the largest cryptocurrency with a market capitalization of over $700 billion. Ethereum, Litecoin, Ripple, EOS and others were all developed after Bitcoin came into fruition. There are many different types of cryptocurrencies, but they can all be divided into two categories – public and private. Public blockchains, like those used by bitcoin, allow anyone to access and use their platform. In contrast, private blockchains only allow users who own specific keys to access the data stored on them. They are often used for financial transactions because of their secure nature
Nigerian government has prohibited banks from dealing with cryptocurrency or render services to customers that deal with cryptocurrency. The decison was hinged on the almost anonymous nature of cryptocurrency transactions and the ease such transactions can be used by criminals to launder funds or finance terrorism.
Investing in cryptocurrency for Nigerians has become a nightmare as banks freeze any account suspected of dealing with cryptocurrency, such funds can be forfeited and owners of such accounts prosecuted.
Nigerians have devised many ways of beating this restriction with many of them falling into the hands of scammers who promise to help them exchange their naira to acceptable funds by cryptocurrency exchanges.
Some even make use of wire transfer but conceal the purpose of the transfer but technology has made this easy to crack as banks now deploy algorithms that can identify cryptocurrency transactions with accuracy.
Advcash has come to the rescue of Nigerians as they can now invest in their favourite cryptocurrency without breaching the law , either as day traders or long term investors. Advcash has a partnership with binancethat allows Nigerians and other nationals buy cryptocurrency directly on advcash platform in a seamless and fast way. To do this, you have to buy advcash with naira from us and follow instructions in the video below;
The other way round,if you want to withdraw your cryptocurrency funds in naira, advcash has a feature whereby your cryptocurrency funds can be exchanged for advcash at no cost as shown in the video below;
Once your cryptocurrency is exchanged for advcash, you can sell your advcash to us for naira and your naira will be deposited into your given Nigerian bank account within minutes.
Using advcash, you can legally exchange your naira to your favourite cryptocurrency and vice versa.
Should you need to buy or sell advcash in Nigeria, Kindly contact us via whatsapp +2347057596117 or visit our website , www.cashex.com.ng