Quote from: Stepstowealth on October 29, 2024, 11:50:33 PM

It is a popular occurrence to have bureau de change operators hang around popular spots in towns expecting to have people come over to them to change one hard currency to another. While passing through one of the popular junctions in my city, what I could hear was, change dollar, change gold, change pounds, I get all the currency. Small thing nai remain for me to ask am say if e fit change bitcoin as play play, but I did not and have been reasoning to myself if I go fit trust these guys enough to come dey do physical bitcoin transaction with them? You fit run bitcoin transaction physically with these kind people if e happen say dem still agree say dem fit change your bitcoin for you?

I clearly don't see any reason why i should prefer visiting a random dude on the street to exchange my Bitcoin for cash, when I can easily do that at the comfort of my home. I won't even give that as an advice or trial either. Morever, I don't even use cash often, because it seems the cashless policy that was introduced a about one year ago has taught me enough lesson. If someone is very in need of cash, while don't he/she just do a quick p2p via exchange, receive the money on the same phone, and visit a nearby POS or bank.

Quote from: iBaba on Today at 07:16:16 PM

Security na the second factor for here. Our security never ripe enough to withstand and fraudulent activity wey go happen during the cause of the transactions. We they get cases of robbery and other scams for the money wey we they transact now talk more of crypto currencies wey still be new? If person see say you come cash out big money, e fit send boys make them kpai you make him JAPA with the money o.

I think this is another problem. We all know how insecure the country is, especially in this current hardship where most people can go any length to get money (even if they have to take others down). Ideally, if someone has the intension of using a physical p2p, then it is likely that a massive amount is involved, which can be very dangerous when he/she visits the wrong place. So, like I've said, it's not a good idea.