WATCH LIVE as Gambakwe Media speaks about how to buy and protect your bitcoin when you live in Zimbabwe.
Principles
- You are responsible for your own financial health. You should have savings for yourself and for your children. Bitcoin is ideal for saving for your kids’s future education or for purchases that you intend to make in 5 to 10 years.
- Bitcoin is a store of value, it is the best way for you to grown your money and protect yourself from inflation in Zimbabwe.
- If you do not take risk, you will not make any money. With Bitcoin, the long term trend is upwards as it is highly accepted and more people are buying bitcoin. You should therefore invest in Bitcoin for the long term.
Sources of Information
You need to stay up to date with everything happening in the Crypro space. The recommended website for getting your information on all cryptos is coingecko.com
How to buy Bitcoin from Zimbabwe.
As Zimbabwe does not have a Bitcoin exchange, you have to use the exchanges from other countries.
- The easiest way is to open an account with Luno. There are also other exchanges that you can use to open an account.
- Once you open your account, you need to verify your identity with your ID.
- You can then ask a relative in South Africa or the country of your exchange to deposit a small amount of money into your Luno account , then when the money reflects you can buy bitcoin.
Protecting your Bitcoin
- You should never keep your money with an exchange.
- Always move your money to a cold wallet such as electrum.
Upcoming program
Gambakwe Media will soon be launching a Bitcoin focus group.
Warning
You should never share your Bitcoin details with anyone.
Always write down your seed on a piece of paper and not online.
Let your family know where to find your seed if anything was to happen to you.
Please watch the video above this post for more details.
