I live in Nigerian and since our presidential election,the our local fiat became scarce due to change in the newly redesign of the currency which makes it difficult for most people here to get physical cash for business and daily transactions because the banking system is overloaded with too many internet transactions making it hard for me to access my cash. So now I want to convert my whole cash in my bank account to bitcoin but dont know if is a good idea for me or not. I know in crypto world, it will be easy to access my money but the issue is, will my money be same value when I invest all of it in bitcoin .
Because literally in banking system for example, if you have $5000 that will be the value in 3 to 5 months and will add a little interest in it so my question is- I don't fully know how bitcoin works. Is it the same way with the banking system? Will I get more value or less value in future times?
You can calculate more or less value over time in many different ways.
In your case, you are looking for the best place to hold your bitcoin. This is a question asked by countless individuals, because there are so many options!
What I would do if I were you, would be to get a ledger, and then find a safe place to put your bitcoin so it can go to work for you.
The easy part is getting the ledger, because then you can sleep soundly at night knowing your value is truly in your hands and not of the government.
Then you can split your income into two pieces, one for your ledger, and one for wherever else you want to put your bitcoin.
I have been using a faucet called freebitco.in for the last year and a half as my main bitcoin savings account. You can get up to 5.1% on your BTC with their premium program.
Be careful on that website though, because it has many gambling mechanics on there.