Bitcoin has employed more youths than the government of some African countries. African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership. Africans have high level of poverty rate and unemployment. These problems made an average African youth to be inferior to his foreign mates. If the youth try to involve in international trade, they will pay high fees. If they decide to save their money in their country’s weak currency, it will keep depreciating. An average African youth was financially vulnerable until bitcion brought liberty.
I will discuss how African youths earn a living from bitcoin.
FREELANCINGBitcoin has given Africans with skills the opportunity to earn by creating bitcoin related contents, bitcoin digital marketing,
SEO and more.
BITCOIN MININGMany African youths did not discover or involve in bitcoin mining at the early stage that it was more profitable. The youths are now joining mining pools with whatever hash power they have to make a living out of it.
BITCOIN INVESTMENTThe buy and hodl has enriched many Africans, especially these few years that bitcoin made some successive decent bull run.
BITCOIN TRADINGThis is the most popular way Africans make money from bitcoin. Trading has empowered many African youths. But the risky nature of it like trading altcoins, future trades made trading very scary to newbies and they lose money. You need skills to win here.
BITCOIN PAYMENT GATEWAYNow that many companies are accepting bitcion as payment for online services, Africans that can create payment gateways for companies or help people purchase things on amazon, are meeting ends from bitcoin.
EXCHANGESThe problem of buying bitcoin with fiat or selling bitcion to get fiat is solved in Africa by Africans and they make money from the exchange fees.
BITCOIN LENDINGLending bitcion to people with some percentage interest is another opportunity that Africans earn from. Traders borrow from lenders, trade with it and make profit and it becomes a win-win situation for the lenders and traders.
BITCOINTALK SIGNATURE CAMPAIGNBitcointalk being a bitcoin forum created by Satoshi has given a few Africans the opportunity to earn bitcoin by promoting some companies in the forum.
Bitcoin has brought liberty to Africa.
Translation: Nigerian Local Board (pigin)