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Showing 20 of 14,222 results by Charles-Tim
Post
Topic
Board Nigeria (Naija)
Re: Protect your privacy even on an exchange
by
Charles-Tim
on 07/09/2025, 18:08:09 UTC
Though and the use of Fintechs are because of the poor network usually faced with traditional banks and this leaves us with little but almost no choice at all.
The fintechs have alternative number that can be used which is not a mobile number.
Post
Topic
Board Nigeria (Naija)
Re: Protect your privacy even on an exchange
by
Charles-Tim
on 07/09/2025, 17:33:42 UTC
That’s not all you could be in more danger having your mobile number on an exchange
The exchanges are no more revealing people phone number, they allow people to chat directly through the exchange. But maybe some exchanges are not protecting people's mobile number. What I noticed is that the ad creator can request for phone number, but make sure you do not give the person your phone number and be confident about it. Some people are giving the ad creator a fake number and it worked but that is not necessary. The exchanges now are even displaying to people that personal information should not be disclosed which means you have the right nie to tell anyone your phone number on P2P exchanges.

Also if you register on an exchange, know that if you use email to register, the exchange may not demand for your phone number. I have not used phone to register on any centralized exchange before. I use just email.

I quite understand what information you’re trying to pass OP from this thread, but one thing we need to let clear of is if you want to protect your privacy as you stated then you have absolutely nothing to do using a centralized exchange that requires KYC, once you have registered and provided KYC on platforms like this you can just be careful from there but there is nothing like privacy again. Phone details if not used for account details might be required during setup or you use your email which is still giving out personal information.

Phone number tricks are there but it requires more information to be added before the Scammer can be able to get you information, phone number can not be used to access your bank details even from fintechs banks except you actually give them access through token codes like OTP.

Although it is not bad actually using the number which isn’t serious attached to you but since you have BVN or NIN attached to exchanges you cannot be anonymous fully.

For fully anonymity you need to avoid KYC oriented exchanges
What if the person use a decentralized exchange or a noKYC exchange and still use Opay or Palmpay account number which is his or her phone number? OP post is more about not giving out your phone number to buyer and sellers. Giving out your Opay or Palmpay account number which is your phone number can make you a target because some of these people are scammers. You can know their phishing attempts because you have experience already, but there are some newbies that may not know it.

Another thing is that the OP did not specify which exchange but he posts talks generally.
Post
Topic
Board Nigeria (Naija)
Re: Indodex exchange got hacked.
by
Charles-Tim
on 07/09/2025, 00:12:54 UTC
What do you think would be a better approach for crypto traders that are actively trading cryptocurrencies daily?

Not yet. For now, traders can just use DEXes like hyperLiquid to trade. They connect their wallet to it and use.
  • But it's still requires forfeiting custody.
  • at the mercy of smart contract risks.

The benefit of this approach is the fact that CEX can lock out your funds or blacklist your address but won't be the case with hyperLiquid or any other DEX for that matter.

Hyperliquid is not a decentralized exchange but a centralized exchange. Do not let this web3 to make you think that they are decentralized exchanges but it can be seen as web3 exchange as you can connect to your wallet and send coins to the exchange, but the exchange is completely centralized. The reason some people like the exchange is because it requires no KYC.
Post
Topic
Board Nigeria (Naija)
Re: Bitcoin as a legal tender in Naija
by
Charles-Tim
on 06/09/2025, 22:23:18 UTC
This was supposed to be a humor as a result of what you said that the government can only make bitcoin a legal tender in your dreams
Sorry about it, I did not know that was what you meant about it.
Post
Topic
Board Service Discussion
Re: Coinmarketcap promoting shitcoins
by
Charles-Tim
on 06/09/2025, 19:41:25 UTC
Afaik binance is the company owner of the cmc website, and this tool would help her promote any shitcoin she accept to list either as a real trending one or as a paid service which is more dangerous.
I do not agree. The tokens that purchased the CMC boost are displayed in a different color, i believe that is enough 'warning' to anyone interested in it that the token is not organically visible at the top, but is being boosted to the top through payments made to CMC. I know that some greedy people would ignore common knowledge like this, but it should otherwise be easy to understand.
A lot of newbies will not know what you know. I will agree with the people that says Binance will use Coinmarketcap to do something like promoting shit coins. Top coins was the default before on Coinmarketcap but now trending coins. That is kind of shady. They want people to more exposed to shit coins that are full of bump and dump.
Post
Topic
Board Nigeria (Naija)
Re: Bitcoin as a legal tender in Naija
by
Charles-Tim
on 06/09/2025, 19:08:22 UTC
Lol, you sound so funny.
You sound so illiterate, and you are laughing out loud to illiteracy.

Why are people saying Joe Biden is not friendly with crypto, unlike Trump. Government does not need to fully ban bitcoin before they will be unfriendly to it.

Emefiele went to the extent that he banned crypto at the time. It was during Cardoso which is this Tinubu time that Central Bank of Nigeria (CBN) unban cryptocurrencies.
Post
Topic
Board Gambling discussion
Re: Casinos forcing KYC after big wins, legal or scammy?
by
Charles-Tim
on 06/09/2025, 14:09:13 UTC
Some casinos advertise themselves as KYC-free, but the moment you win big, that’s when they suddenly put all the requirements on you. And it’s not just basic KYC, they ask for heavy documents like passports, and some even request bank account details.
This is common on crypto gambling sites and it is not when you win big but when you win. They make KYC compulsory but they will allow you to deposit without KYC but you will not be able to withdraw if you win until you get verified. This act is dubious in my opinion. Stake is not like that which is the reason I like the gambling site.

But if you mean the gambling site only do that when you win big, maybe it is part of their ToS.
Post
Topic
Board Trading Discussion
Re: Subaccounts over having accounts on different exchanges
by
Charles-Tim
on 06/09/2025, 09:21:06 UTC
So, no of course I don't trust Binance or any CEX, my post history will show you that Smiley But better the devil you know than 10 devils you don't know about, is what I'm trying to say.
That is your choice. People have different choices. Some people will have their trading coins on different exchanges because they think the exchanges can not be hacked at once. Binance is not only the better exchange, I do not see difference in Binance and some other exchanges like Bybit and Biget. I think Bitget also have SAFU but it is not what I believe in. Bybit was able not to shut down after a hack many months ago and it continued crypto profits and services.
Post
Topic
Board Gambling discussion
Re: Do Established Casinos protect our KYC better than the New Ones?
by
Charles-Tim
on 06/09/2025, 09:13:42 UTC
Do not think old gambling sites will keep your identity documents you used to verify on their site safer, they can give it to third-party sites and you may not know. Also the document can be breached by hackers and everyone that got verified will be exposed. Whenever I am doing KYC, I know this.

But in gambling site, I only gamble with little amount of money, this makes me not to be worried.
Post
Topic
Board Politics and society (Naija)
Re: Who is responsible for a fallen economy?
by
Charles-Tim
on 05/09/2025, 19:40:09 UTC
What is your source so I can look at it properly, I'm into buying and selling and price of goods hasn't gone stable for more than 1 week since last year. Most of the things in Nigeria are not longer subsidized by this current administration, from petroleum products to healthcare so what have they done with the money ? Borrowed more than Late Buhari did in 8 years, so are we progressing as a country when everything is being borrowed for?

I supported this Govemment and my expectations were high but I haven't seen any good framework to economy recovery.
Nobody is happy with this government. But at least it was not like 2023 and 2024 which was full of naira devaluation and inflation. What I noticed now is that food price is better. Naira exchange rate is better. About the price of goods, especially the foreign goods, the inflation is not like before, but I am surprised that despite that there is fall in dollar price, they still remain kind of stable. We should not expect the prices to fall significantly because it is also not good for the economy. We all know how the country was not good at all in 2023 and 2024 but 2025 things are getting better. I am also buying things which I am using for the evaluation.

18k in 2018 is worth more than 70k today - rice was N6,500, today rice is 75-90k worth more than our minimum wage so where is the value? Nigeria do not even Japa reach the Asians so this is not an excuse.
Rice has risen to 120000 naira in 2024. Almost all of them are having 2024 prices now. I do not mind that if they can remain at certain range for a long period of time than further increase. Although, beans price dropped significantly.

The Govemment official passports are free, the citizens passport is 100k/2000k. Minimum wage is 70k.
Which one is citizen's passport? Are you referring to international passport? What I know as citizens passport is the national passport and it is not expensive.
Post
Topic
Board Nigeria (Naija)
Re: Why would a Nigerian not want to use Bitcoin?
by
Charles-Tim
on 05/09/2025, 16:33:46 UTC
Age is the main reason. The more the age is increasing, you will noticed that the lesser they use bitcoin. Old people do not like new things like bitcoin as they prefer the old ways they are making and holding money.

Bitcoin is now more than what people can think is a scam.
Post
Topic
Board Nigeria (Naija)
Re: Bybit P2P transaction fees update
by
Charles-Tim
on 05/09/2025, 16:09:28 UTC
Traders who post ads to sell their coins will be charged according to the quote above, but the table is contradicting it. I guess the table must be the correct one.
It is not contradictory. The fee are for only buying ads, bit Bybit gave conditions for it if it is third-party.

I didn't know they charged fees for a while and stopped because of Binance. I guess we need another global exchange to come up with "no fees" to bring back the competition.
There other exchanges with zero fee like MEXC and Gate. There are still many other exchanges that are well know that have zero fee.
Post
Topic
Board Trading Discussion
Re: Subaccounts over having accounts on different exchanges
by
Charles-Tim
on 05/09/2025, 10:25:27 UTC
Some people prefer more exchanges because they do not want to have their trading coins only on one exchange, they prefer to distribute the coin on more exchanges. This is because they think an exchange can be hacked and they do not want more of their coins to be affected.

Seems like a really weird way. You want to trade, then you sacrifice your KYC and you sacrifice coin ownership, but you try to find the exchange that is best suited to your trading and most likely to keep your money safe (but this is always arguable).

I mean in this case I 'trust' Binance because they have funds to back up loss to hacking (SAFU) and already proved this before paying back people even after hack.

Why would you want to risk money on other unproven exchanges?

But anyway, I will never understand some 'traders' I guess.
Did you not sacrifice your identity document on Binance?

Were you told all your coins will be given you back if Binance is significantly affected during hack?

All I posted is not about risking your coins on many exchanges but instead of having like $600 on one exchange, you can have $200 each on three exchanges.And not the coins that you hold but the one you are using to trade. The coins that you are not using to trade should be on noncustodial wallet.

What let you think Binance is the best exchange when it comes to security? I do not believe any exchange when it come to security. I only believe in myself and which is my noncustodial wallet.
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Topic
Board Gambling discussion
Re: How often do you use Bet Builder?
by
Charles-Tim
on 05/09/2025, 09:30:54 UTC
The last time I wanted to try bet builder was many years ago. I think more than 10 years ago. I was still using local betting sites at the time Anni think I have 3 of them which I still remember their name and site up till now. None of them accept bet builder. So when I started using crypto betting sites, bet builder does not come my mind at all. I will try it on Stake to know if it is possible but I doubt it.
Post
Topic
Board Nigeria (Naija)
Re: Bybit P2P transaction fees update
by
Charles-Tim
on 05/09/2025, 09:24:51 UTC
Only buying ads will be charged fee, sell ads will not be charged any fee according to what I saw on the table.

Those that are not posting ads but just want to buy and sell will not be changed any fee. But those that that have the buying ads may let the price of dollar to slightly be higher just because of this so that the 0.275 to $0.3% fee will not affect then but affect people that wants to buy coins using naira on the P2P is what I think. So, those that did not post ads but just want to buy may indirectly be affected.
Post
Topic
Board Gambling discussion
Re: If single bet is that preferable why people still don't become what they wanted?
by
Charles-Tim
on 05/09/2025, 00:32:16 UTC
Who said betting on a single match is reliable? As we say that the money you deposited in a casino is highly likely to be lost, so is the money you deposited on sport betting sites, regardless of the odds that you go for. Only what people can say is that parlay is riskier, but it has its own advantages.
Post
Topic
Board Gambling discussion
Re: Blockchain + KYC can greatly improve Gambling Exclusion to prevent Addiction
by
Charles-Tim
on 04/09/2025, 23:59:47 UTC
Honestly, I find it complicated. Just looking at blockchain activity to decide if someone is addicted to gambling isn’t a solid reference. Anyone can make lots of gambling transactions or play regularly, yet still not consider themselves addicted.
This is truly not possible at all. No one know how much the gambler is rich. Someone like Drake bet huge amount of money because he is very rich. This would be a poor approach against gambling addiction. A gambler should be the one that should go for self-exclusion on a gambling site.
Post
Topic
Board Politics and society (Naija)
Re: Who is responsible for a fallen economy?
by
Charles-Tim
on 04/09/2025, 22:08:02 UTC
The "economy is not falling" and you went ahead to also say " if the government gets it right, we would see economy" isn't this contradictory?
My post simply means that the economy right now is not bad as it was before, if the government get it right, we might experience economic growth and development. There is nothing contradictory about that. I am watching everything closely. Inflation in Nigeria right now has significantly decreased. I hope it will not change back to previous time. Naira is also appreciating in value. I will not be surprised if it appreciates further to next year. Although, it is just a speculation.

When the cost of a passport surpasses the average minimum wage, it indicates a failing economy.
International passport? How much was it in 2018 when minimum wage was ₦18000?

A country whose N20, N50, and N100 notes have lost their value due to inflation shows that the country is in a shambles. The list is endless
We have discussed about all these before, but right now the not the right time to discussed about it again. Rapid deflation and even deflation also has side effects on economic. If you do not believe me, you can read about it. What we need is a stable economy.
Post
Topic
Board Gambling discussion
Re: Think more about your financial status than your potential win
by
Charles-Tim
on 04/09/2025, 20:53:08 UTC
From my topic it is about thinking about your financial status than your potential winning and not cash out once you see a cash out option. In my case I was not giving a cash out close to what the man in the story have and both my cash out and potential wins are below my financial status. I don’t see gambling as my financial liberator but I see it as fun so I may never be in the situation of the man in the story.
You did not understand what I meant. I am not against you and I am not also implying that you are not right. I am only implying that if the cash out is huge amount of money, that it is better to just cash out than to be greedy. Nothing more than that. We are on the same page about this.
Post
Topic
Board Gambling discussion
Re: Think more about your financial status than your potential win
by
Charles-Tim
on 04/09/2025, 19:50:58 UTC
So, it would not be like this one that you previously discussed about?

Then I discussed it with my friends and they ask me to cash out but I refused then Sassuolo turned the game around and Score two goals.

You will cash out this time that the money is huge  Grin.

If the money to cash out is also huge for me, I will not think two time before I will cash out. I do not cash out because most time I bet on a single match.