I no too get problem with their reliability oo, where I get problem using our local exchange is that them go easily bow to pressure from our government if them decide to know about those in the country that are into crypto or still doing crypto related transaction, but w
In  the case of this foreign exchange, our government no go easily make them release customers personal information to them, them go prefer leaving the Nigerian market that to put their customers on the line, because those people they keep to privacy law more than Nigerians, so na just because of this reason I prefer using foreign exchange than Nigerian one.

How long do the advert takes before it’s usually fade out?
I think these skit makers are just doing the job they are being paid for, because if you notice from their more adverts, some of them know nothing about crypto, they just make posts and always say that it is fast and reliable.

Can you imagine someone just ask you how do you make money, and you replied that you trade your crypto and giftcard with so so exchange and they are fast and reliable? How is this even informative?
You only sell or trade what you have, that is not a job, it is just a means of exchange, but many innocent people might fall for some of these exchanges and probably get scammed or get it right.

I never used any of these exchanges or crypto platforms they are advertising because I don’t trust most of them.

If you want to use any of these exchanges, make sure you do your research before you started to use them because no one should be trusted in crypto space. If you find one that is reliable, you can trade with them, but for now, I prefer to keep trading with international exchanges that has already gain reputation even though they are also not to be trusted.

Yes, I see so many advertisements of different Nigeria exchange on social media and the ads is from most of those content creators, all they keep saying is that they are fast and reliable but the question is, are they reputable? Can they completely comply with government policies of running the exchange and if they face any challenge from the government that may affect their business, do they assure their customers safety of their funds?

Take for example, binance exchange, the founder (CEO)  had some serious government issues with his exchange and he even went to prison and now he is not the CEO of the exchange, if such occurs with any of those comedians exchange, can the exchange survive it?

I have used Yellow card exchange and from what I learned, the exchange was founded in Nigeria.

Is not like i don't want to patronise our local vendors but the possibility of scam is why I won't advice anyone about it, except the government do speak out on how they would go about if customers funds were being held, even if the platform move out of the country Patricia exchanges which started in Nigeria but has moved and many Nigerians are still waiting ti get access to their funds https://bitcointalk.org/index.php?topic=5454203.msg62311022#msg62311022


When it comes to financial advice those skits makers and influencers has nothing good to give except they are benefiting from it. Sometimes of these guys have promote scams or false things before, it's for us to do our own research but how things had been thus far it's better to use other trusted CEX and also don't ignore that CEX is not a good option in the first place.

Me I just watch there skits and nothing more, I no Dey pay attention to all those things wey dem Dey promote, because I no trust all those skits makers, I no fit see anything wey dem Dey advertise I go come follow them, because I know say plenty things wey dem Dey promote na scam. All those ones wey Dey promote sites wey Dey buy bitcoin and gift cards, most of them are scammers, and you go see our skit makers Dey promote them.

All Wetin our skits makers Dey after na money, if Dey don receive their own money, nothing concern them if na scammer dem be or not, and some of them self na their friends get them, and na all those skits makers get some self, so I no Dey pay attention to their advertisement again.

Dey get one time wey Dey come Dey create coin,  Dey come Dey promote am, dem Dey use that one cash out, our skits makers na just criminals most of them be too, make we no Dey follow them blindly, if you see anything wey dem Dey promote, make sure say you do your research first before you join.


I never sabi any naija crypto exchange, so make I just continue to Dey use d ones wey I don Dey use for years and nothing do am. Most of the youth wey go talk say Dey wan create exchange like that, most of them na scammers dem be, Dey fit start am well make Dem earn people trust, but e no Dey always end well.

trusted Nigerian owned exchanges are rare if not impossible too to find.
Personally I will not use any Nigerian based exchange because I do know how difficult and unsteady the Nigerian system is and things could take a drastic change when the company refuses to adhere to some regulations.
wisely said, from this perspective people would understand why the lack of trust is there.
The Nigerian system wouldn't favor this exchanges much and as such that makes them unreliable.

Any crypto company you see that is owned by any Nigerian person, please don't trade on them until you do your findings. Recently, the Nigerian Security exchange commission revise the process of opening exchange in Nigeria and if all of them want to follow that rules, none of them will be operating in Nigeria because the money to pay for application fee, processing free and other charges, you will be spending roughly $80k, that's a lot of money if converted to Naira, shared capital of ₦500m, that's a very huge amount of money.

If most of those companies have this amount to pay as legal fees, they will not be functioning in Nigeria unless there is backing from venture capitals and investors from outside. This condition are very bad but at the same time, it helps protect the people because how is it going to sound if everyone want to launch and exchange, it will bring alot of scams acquisition, it's not like it might, it will bring it and some people might not have any their money back.