My Crypto Journey: How a Civil Servant Became an Early Adopter of Bitcoin
Main Takeaways:
My Crypto Journey is a Binance Blog series showcasing how crypto, blockchain, and Binance have changed the lives of various individuals.
This is a story about a civil servant becoming an early adopter of bitcoin, generating income through crypto and using digital assets to support his brother abroad.
Follow the stories of Binance users to see how their lives have changed for the better thanks to crypto and blockchain. This is the latest story from ‘My Crypto Journey’.
My Crypto Journey documents the stories of different African individuals whose lives have, in one way or another, been impacted by crypto, blockchain, and Binance.
How many of you had joined the crypto industry before 2015? This is the story of Abubakar Hassan Muhammad, an early adopter who believes crypto to be the future of currency.
How He Started Using Crypto
“I started using crypto back in 2012, when I was getting rewarded in bitcoins for playing games.” – Abubakar Hassan Muhammad, 37
Some blockchain games incorporate a play-to-earn model where users can earn crypto by participating in the ecosystem. With this model, internet users all over the world can complete tasks or play games to receive crypto rewards in return.
In 2012, Abubakar Hassan Muhammad, a 37-year-old civil servant from Nigeria, earned bitcoin while playing games online as a reward – this was the pivotal moment in his life as he became an early adopter of crypto.
After receiving his in-game rewards, he developed an interest in the larger crypto and blockchain space, joining several mining platforms to explore how the ecosystem works.
How Crypto Has Changed His Life
“I believe crypto is the future of currency. It’s worth taking the time to understand the crypto ecosystem fully.”
In 2017, he experienced difficulty sending money abroad to support his brother due to bank card limitations. Not only was fiat withdrawal time-consuming, remittance was also expensive. Seeking a more convenient and affordable method, he leveraged his experience with crypto to send his brother funds in the form of bitcoin. His crypto knowledge proved useful as it allowed him to avoid risky transactions and successfully master a cheaper alternative to sending fiat. Today, he prefers crypto services over those offered by traditional financial institutions.
Abubakar’s Journey With Binance
“Binance provides valuable information for learning about the ecosystem. It’s my favorite exchange at the moment.”
Abubakar shared that throughout his history of P2P transactions on Binance, he has not yet experienced a single failed transaction. Thanks to the pleasant user experience and the wealth of educational resources available, Binance is the first pick of the early adopter who described his journey with the exchange as “amazing” and “awesome.”
Abubakar’s Advice for Crypto Beginners
Due diligence is important – always do your own research (DYOR).
Only invest spare money, i.e. funds you can afford to lose.
Crypto is the future of currency! Take your time to understand the ecosystem fully.
Start Your Crypto Journey Today!
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