Post
Topic
Board Nigeria (Naija)
Topic OP
USDT better pass domiciliary account
by
Cynthia_sinach042
on 18/08/2023, 14:44:25 UTC
As we dey see our naira dey drop the symbol of our currency just dey dey worthless every day many people won turn to foreign currency at all cost and the way to do so for this country na to have domiciliary account if you one leave your money for bank or you fit use your niara go buy US dollar keep which I no advice, it's risky keeping money especially if the money dey huge.

I never trust our banking system for one dey but the urge to get my money out of niara propelled me to going to get domiciliary account but the shege I see during the process no be here. The demands come they tire me and this na my money we dey talk about here, I still got it but I come reason say it's not worth the struggle and time and effort, and e just be like say I don give my money to the government and them fit freeze am anytime they want.

Then I decided to shift to crypto that is stable and then I went for USDT a stable coin pegged to US dollar it was pretty easy buying some USDT from and exchange and saving it in a wallet, my wallet na me they control the Wallet. So in comparison to domiciliary account based on time, effort and potential of losing your holdings I suggest using stable coin than having a domiciliary account in Nigeria.