Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Topic OP
Public Kiosks for Bitcoin Anonymity Transactions in Nigeria
by
Silentcursor
on 28/05/2025, 02:16:49 UTC
⭐ Merited by 1miau (2)
Nigeria, probably Africa's largest bitcoin market needs all it takes to pull more adoption, i,prove anonymous transactions and easy accessible ways to transact. I know this might be a bit risky but due to the concern of Bitcoin ATM requiring ID and phone number it makes anonymity ineffective. Now the idea is Bitcoin Kiosk owned by a private individual, no ID required, no phone number. Ill show you how i plan it will work, more ideas can come in.


First choose a precise and secured location.

The kiosks could be placed in urban centers, marketplaces and big industrial areas and GRA's. Hardware, solar power should be availlbale in case of unstable electricity in that area.

Transaction Pair

Cash/BTC: Pay in Naira and Bitcoin will be sent instantly using lightning network channels, coinjoin or any available mixer.
BTC/Cash: Send BTC to the kiosk address withdraw Naira after confirmation. Use Bitcoin wallet that supports automatic generation of new receiving addresses (sub-addresses) for improved privacy.
Voucher Exchange: Buy or redeem Bitcoin vouchers/codes.

Challenges

In the meantime there is no band against Crypto in Nigeria anymore but the government is still hostile toward crypto activities in Nigeria through regulations and enforcement. How we choose to name the kiosks will matter a lot, no emphasis should be made on "Crypto" or "ATM". P2P, Non-custodian and Anonymity transactions is appropriate.

FYI

1. Seller/operator does not see the buyer’s face.
2. Buyer does not see the seller’s face.
3. No surveillance cameras or face exposure.

How it is Done

a. Gloved Hand to ensure no contact. The operator wears a hoodie, sunglasses, mask, and gloves.

b. QR Code Boards, display or place a printed QR code (fresh address every time) on a wall or on a screen.

c. Assign yourself a non-personal phone number via apps like TextNow, MySudo, or a local burner SIM. Also make use of a nickname not your real name.

d. Two-Way Drop Box  and Locker System

f. Mask your voice   Speak behind a curtain or use a cheap voice scrambler app.

I am open to more suggestions.