Quote from: Slimzeee on Today at 06:56:29 PM

If you’ve been watching a lot of our comedy skits lately from the likes of Sabinus, De-General, or even some influencers, then you must have seen plenty of ads for different apps and platforms to trade your Bitcoin with.
In fact, there are so many now, and one thing they all seem to say is that they are “fast and reliable.”

So my question is, which of these platforms have you actually tried or come across, and how was the experience? Because most of the top exchanges and wallets I know like Binance, Bybit, Luno, etc. are not Nigerian-owned.
Are the Nigerian ones really fast and reliable like they claim?

This is also a way to support and patronize our own local Nigerian market.
And if you’ve had any bad experiences with some, please feel free to highlight them too, so others can be watchful.

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.

Quote from: Antotena on Today at 08:36:08 PM

Quote from: Slimzeee on Today at 06:56:29 PM

So my question is, which of these platforms have you actually tried or come across, and how was the experience? Because most of the top exchanges and wallets I know like Binance, Bybit, Luno, etc. are not Nigerian-owned.
Are the Nigerian ones really fast and reliable like they claim?

This is also a way to support and patronize our own local Nigerian market.
And if you’ve had any bad experiences with some, please feel free to highlight them too, so others can be watchful.

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.

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.