Quote from: Su-asa on Today at 08:31:16 AM

Quote from: WhoYouCantKill on September 06, 2025, 09:31:35 PM

Quote from: Su-asa on September 06, 2025, 09:17:15 PM

Quote from: WhoYouCantKill on September 05, 2025, 11:05:42 PM

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.

I think you are wrong when you said bitcoin is not safe in terms of receiving money from abroad (unless you made a mistake there, otherwise you are totally wrong).
However Bitcoin is one of the fastest and secured way to receive money from outside the country. But most times when transactions fee is high and mempool is congested there will be some delays, and if you want your transactions to be confirmed quickly what you need to do is increase the fees. What you should know is that Bitcoin is one of the best way to receive money from abroad because dollar rate go naira in the bank is not the same with p2p rate. If you want to get a better rate when you receive money from abroad, what you should do is request that the sender send with crypto currency and when they transaction is confirmed and you have received your crypto, change it through p2p (I believe you already know this).

Moreover, as for safety, you are to protect your seed phrase as all cost, seed phrase are not like your fiat Bank account ATM card pin whereby if you forget them you might go back to the bank and get a new one. You actually need to know how to protect your seed phrase from third party or from losing it

I believe you've got me wrong. If you had carefully read and understood what I said, you probably wouldn't have said this. I clearly stated that Bitcoin may not really be the safest way to in specific scenarios, and I gave an example of a person who doesn't have full knowledge of Bitcoin storage or the importance of seed phrase security/storage, such a person could be at a potential risk of losing their funds easily.

E no mean say if person loss em seed phrase then Bitcoin no dey safe. The reason why the person loss em seed phrase nah because say the person dey careless. Like you already talk m say the person you talked about no get full knowledge about crypto currency and how to secure am. Funny enough say even person way no get full knowledge on how to use traditional banks sef go still forget em pin even though say such person write am for somewhere, em fit still forget am. Then that one no mean say both the traditional banks and crypto currency no dey safe. For me, Bitcoin nai be the safest because you get full control over your assets, e no dey like traditional currency (fiat) way dey for bank.

I agree with you to some point and at same time don't totally agree with you because not everyone who loss seed phrase are careless because some folks loss there seed phrase by accident or circumstances they can not really explain that is why I didn't agree totally with you but yet there are also folks that are very careless with there seed phrase,I mean they threw it anyhow and anywhere they like not knowing they have asset inside there wallet and they will need the seed phrase to access there wallet when time will come and so this set of people are said to be careless and some exposed there wallet even to the seeing of external bodies ( people that are not suppose to see it).