Post
Topic
Board Nigeria (Naija)
Re: My view on whether Bitcoin is the safest and cheapest way to receive money
by
Obari
on 05/09/2025, 23:41:42 UTC
Bitcoin may be a fast and cheap means to receive funds especially from overseas, yet it isn't usually the safest or even cheapest for all. There are fees which depends on the network at that particular time, and the price is volatile too. As for safety, it protects when you have knowledge on how to store properly, yet when careless, you may lose all your money. Therefore it is good but won't be said to be the best choice for all situation.
If you’re considering privacy then bitcoin is a very good go to option except you don’t pay any single attention to privacy.
For those who know the right thing and the right way to go about sending their coin, then I don’t think there should be any need for such a person to be scared while making transactions.

There have been several ways to make and receive international transactions but cryptocurrencies have over the time, made international transactions much more easier and even making payments received instantly without help of a third party and with even that a lone, you’ll agree with me that, it’s the cheapest and safest way to receive money.