Post
Topic
Board Trading Discussion
Re: What is your preferred method of converting bitcoin (or other crypto) to fiat?
by
Stepstowealth
on 24/05/2024, 22:09:55 UTC
What method do you find most convenient and cost-effective for converting your crypto holdings to fiat currency? CEXs, P2P, Debit Cards... ?
The government in my country has made us to want to exercise more caution while exchanging crypto to our local currency, they have instructed banks to report account holders who they find to be converting crypto to fiat, so we are usually more careful now if we want to change crypto to naira.

Due to the actions of out government, many exchanges that were very popular like Binance and Kucoin have delisted Naira P2P from their platform. Remitano has become my option because it is still functioning properly. I am careful though of traders I trade with on their platform, because apart from scammers, there are also government officials who have come on to this platform to get people like us who have ignored the government and still go about exchanging crypto to fiat and hiding it from banks by putting a different description in the space provided for what the transaction is for.