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Showing 20 of 42 results by Sammye3
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Topic
Board Nigeria (Naija)
Re: [Request] Report Unmerited Good Posts Here. OPEN
by
Sammye3
on 26/07/2025, 09:14:11 UTC
Res
1. Link to post: https://bitcointalk.org/index.php?topic=5544755.msg65619395#msg65619395
Sub-board: Nigeria Local Board
Description: Good reply
User: Sammye3

2. Link to post: https://bitcointalk.org/index.php?topic=5551260.msg65615955#msg65615955
Sub-board: Nigeria Local Board
Description: good reply
User: Sammye3

3. Link to post: https://bitcointalk.org/index.php?action=profile;u=3715666;sa=showPosts;start=20
Sub-board: Nigeria Local Board
Description: good reply
User: Sammye3

4. Link to post: https://bitcointalk.org/index.php?topic=5546142.msg65600424#msg65600424
Sub-board: Nigeria Local Board
Description: good reply
User: Sammye3

5. Link to post: https://bitcointalk.org/index.php?topic=5550352.msg65595958#msg65595958
Sub-board: Politics and Society
Description: good reply
User: Sammye3
Post
Topic
Board Nigeria (Naija)
Re: [Request] Report Unmerited Good Posts Here. OPEN
by
Sammye3
on 26/07/2025, 00:20:53 UTC
Res
Post
Topic
Board Beginners & Help
Re: How do people gain profit when crypto is dropping?
by
Sammye3
on 25/07/2025, 17:32:04 UTC
If we can define well the kind of trader we are, then we are going to be profitable in it, to trade, we must understand the basics of doing it, also, it depends on the position taken and the direction at which the market is taking, for instance those that go for short position while the market is on downtrend will be in profit because they are accurate about the prediction taken and the market moves in their favour.
Consistency in every field is very important when it comes to trading, as the market can be very unpredictable with prices and most cases traders tend to jump from one strategy to the other.

Taking a firm stance regardless of market movement shows a strong trading mindset and can only make for a successful trader.

Post
Topic
Board Bitcoin Discussion
Re: what is next for bitcoin?
by
Sammye3
on 25/07/2025, 17:06:01 UTC
Criminal minded people has been there always as they will try and hide under the umbrella of Bitcoin to scam people so the most important thing is that investors in Bitcoin should be careful do that they don't fall victims to such people because alot of person's are leveraging on the opportunities that are abound in Bitcoin
This would always be a problem for newbies as bitcoin reaching new highs would bring about interest in the bitcoin system and new investors would be brought into the system and without the knowledge, they can fall prey to scams.

I think this is a topic worth discussing and a guideline can be provided to fish these scams hiding under the umbrella of bitcoin.
Post
Topic
Board Nigeria (Naija)
Re: Your best advice regarding Cryptocurrencies
by
Sammye3
on 24/07/2025, 22:39:30 UTC
We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.
The best possible advice to give a newbie in cryptocurrency is investing what you think you can afford to lose and never buy any coin out of popularity or without fundamentals.

Don't think the crypto space is a "get rich quick scheme" and expecting immediate returns on assured profits but rather consider it as investments that could either profit or lose with the right entry and information.
Post
Topic
Board Bitcoin Discussion
Re: Safely storing bitcoins
by
Sammye3
on 24/07/2025, 22:20:37 UTC
I was reading a news article saying that bitcoins will not be safe once we have powerful quantum computers. Is there a good alternative way to store bitcoins safely in such a situation  ?
I think this has being going on for quite some time now that "the introduction of quantum computers" could be of great risk to bitcoiners as there could be cases of hacked systems in the future.

But popular threads has seen solutions to this possible occurrence and most condemned the possibility of that happening or I can say it's only but a myth as they're no evidence to this.
Post
Topic
Board Bitcoin Discussion
Re: Should I depend solely on Bitcoin?
by
Sammye3
on 24/07/2025, 21:34:36 UTC
A friend of mine just got into Bitcoin, lucky for him, his successful. Before he started Bitcoin, he was actually into a good business of selling artwork which wasn't so bad. So he got introduced to Bitcoin and had a quick success. It's actually a good and exciting thing to see someone progress fast like that, but he quit selling artworks and other little businesses that kept him going he stopped, he now depends fully on Bitcoin. Bitcoin is the king no doubt, but From my Point of view I think that depending fully on it might be risky to you financially. I don't recommend anyone to depend solely on Bitcoin or any single asset. Bitcoin can fluctuate rapidly and market volatility might impact your financial stability. It is actually very risky to invest in a single asset. The part that scares me the most is that my friend has put all his resources into this one asset. If am wrong please correct me. Thanks
Definitely Bitcoin is not an asset you would rely solely on without having any other investments because it's basically for long term and fluctuating prices can lead to losses in most cases and having it being your only source of income can be very risky as you lose everything.

So it's best preferable to have a physical business to look after and monitor your profits because it's within your control and settle necessary expenses and subsequently investing in Bitcoin from little profits.
Post
Topic
Board Nigeria (Naija)
Re: Way forward on P2P scams, persistent begging by traders and Merchants
by
Sammye3
on 24/07/2025, 01:55:33 UTC
I have have seen similar threads like this on the forum and outside this forum about p2p merchants and their style of begging for funds. I have personally experienced different style of money extortion, incomplete payments, all form of excuses just to make make money from trades and this doesn't have anything to do with their rating and reputation, most of the time I don't trade with anyone below 97% rating and total trades in the last 30 trades, they turned to be the ones that engage in this practice the most.

Here is a list is similar things you can see from any p2p merchant and it doesn't have anything to do with their rating, reputation or even trades, it's even the ones with reputation that do this the most and if you are not careful, once you release coin to them, you can't do anything about it because you already agreed to have received the full payment. Here is a summary of things they do:

1. They begged to send you incomplete payment: If they are sending you money, let's say ₦52,000, they can beg you for the ₦2,000 on top to send you ₦50,000. This practice is very common in p2p traders. Here is one similar example on this thread.https://bitcointalk.org/index.php?topic=5551154.0

2. They purposely sent incomplete payments: I was a victim of this today and some happened months ago. I was expecting payment from this merchant, sent me incomplete payment and I didn't pay attention to the sent payments only to release usdt to him and I couldn't appeal despite the multiple complaints and report.

Here is one similar attempt that happened today.

https://www.talkimg.com/images/2025/07/22/UA5tZc.md.png

I was expecting the merchant to send me ₦49393 but instead he sent me ₦40323. You can see that the 9 is hidden, if I didn't pay good attention to the credit alert, I would have thought it was the agreed payment but they purposely did this to scam people. They know Bybit customer service is bad and wouldn't do anything about it, they know you can't report to the bank and this has been persistent with p2p, I can only imagine if they do this like 10 times in a day, scam each trade worth of ₦10,000, that's ₦100,000 in a day.

*Ways forward to stop this Pandemic scams and begging

Everything that happened on p2p exchanges seek for each party attention, only you the seller or buyer can prevent from been scam by anyone or when a trader tries to use emotional talk and pitty talk to extort you. How to prevent this:

1. Don't release payment until you confirmed payment on your mobile app: it's easy to for everyone to operate transactions on their mobile app these days, don't rely on sms alert, values can be altered, you might not get good view of your account balance. Make sure to use transaction history to check amount that came into your account before you release any coin.

2. Report traders that engage in fraudulent schemes and give negative reviews for begging: I do ignore traders that try to send me incomplete payment after sending the remaining amount or when they try to beg for money. However, I personally feel like it's because they are been ignored and actions are not taken against them is why they keep coming back. If for every trade they try to beg or scam and they are getting negative reviews, they will stop one day because their ratings will reduce.

https://www.talkimg.com/images/2025/07/22/UA5v6Z.md.png

This trader purposely sent me incomplete payment and when I complained, he later gave excuses and sent the rest. I still gave him the negative review; if they keep getting this reviews and ratings, they will stop these scam attempts.

3. Please pay attention to some numbers, ₦99000 is different from ₦90000, ₦89321 can be confused with ₦80321, they have ways of playing around with digits that if you don't pay good attention to them, you will think it's actual amount. This is my experience and this how you should deal with them to save other people from all this begging and scam attempts.


This has being a very educative thread OP especially for newbies with little or no knowledge of how things are being done.

But I believe there is a warning against confirming payment before releasing coin which is for customers safety and if anyone is to fall for such scam would be as a result of not paying attention.

You must confirm the payment has being received and it reflects on your current balance before you release the coin to the p2p trader as it's the best way to handle such issues.
Post
Topic
Board Nigeria (Naija)
Re: 'We Can Double Your Bitcoin', why are Nigerians still falling for this in 2025?
by
Sammye3
on 24/07/2025, 01:46:00 UTC
You've probably come across this kind of message "Send us your BTC and we'll double it" trick either on your Facebook, WhatsApp or Telegram. The painful part be say our Nigerian people still they fall for these kind scams every single day. And e dey make we wonder why abi wetin go drive you to go invest or send money inside one audio platform wey go promise to double your money within hours. Reason someone telling you to just send ₦100k worth of BTC and they will turn it to ₦200k for you within few hours or like some will claim they want to bless you.

Their Format
Some even hide under government backed empowerment Promos or programs to make this offer, while others hide under fake celebrity accounts to make it look like giveaway offers and even use words like sow your crypto seed today and reap double under 24 hours, etc. The aim is to prey on your frustration and financial desperation to scam you.

The Red flags
But here are also some red flags you should notice in this kind off message offer:
Make you know say these kind of offers dey always come attached with some urgency such as 'Only 5 slots left, grab now '. Some will even send you fake transaction receipts and fake testimonials from telegram users that never existed to in a sense lure u into believing in their tricks but it's all lies every time.

The real truth
The truth be say, there's no real crypto investment company or a legit trader, protocol or app which will tell you to double your funds magically, none of the real guys or companies can guarantee you that. Once you see person wey dey promise guaranteed instant profits with just a deposit, run away because it's a pure scam alert.

The reason why people still dey fall for these tricks be say plenty of our people have little knowledge on how these crypto works while many of them are in poverty and looking for ways they can escape from poverty.

But if you ask me also, I will tell you the reason why it's lucrative for the perpetrators is because there's no solid regulations around online promotions in Nigeria and because of that many become victims while the perpetrators go unpunished.

But what we can also do is to:
1. Educate ourselves about these scams
2. Do more of digital literacy advocacy online in our local dialects
3. Report scam accounts once you recognize one because we need more voices to protect the powerful reputation behind crypto in our lives.

Our solution
I will like to engage us in two exercises on this thread:
1. Share your personal experiences around a similar incident or case of crypto doubling scam you encountered
2. Once you see any advert of a crypto related scams like this, take a screenshot of it and drop it here for our more experienced members here to kind of debate or authenticate, before we end up falling for it.


Most people are still falling for this cheap scam scheme even after previous experiences just because it was a bit different from the previous and they would want to try it out.

Experience they say is he best teacher and the best way of learning.

 It has become a thing for most Nigerians to expect a certain platform which isn't verified to double up your money without any guarantees and people put in money with the belief of getting their first profits and dropping off but it doesn't always work that way. As you can either get a delay on withdrawal until the system shuts down and you lose all your money.

It's best you stay clear from any advertisements after such scam scheme and not trying to confirm it's authenticity.
Post
Topic
Board Nigeria (Naija)
Re: Is It Safe To Keep Crypto On Exchanges??
by
Sammye3
on 23/07/2025, 23:51:53 UTC
~snip
Be it CEX or DEX it's not fine to leave your coins on an exchange because that way you don't control them since most times you don't have the keys and for the ones that give you keys it's still not fine since you are not the only one with access to those keys. They are called exchanges because you use them for exchanges and trading as the case may be but never are they fit for a hodling wallet.

As for wallets, when you choose a wallet choose an open source wallet avoid working with custodial wallets and some that use KYC verifications. Mostly importantly don't forget to keep your keys safe (brute forcing seeds is a nightmare).
I think the best possible solution is utilizing a hardware wallet or a personal wallet as they can be used for long term. Exchanges have access to your keys and your account can be restricted at any point in time depending on the inflow and outflow which can be unsafe and discomforting.

Post
Topic
Board Bitcoin Discussion
Re: want to know btc in the future.....
by
Sammye3
on 23/07/2025, 12:46:27 UTC
I've heard that Bitcoin will finish mining in 2140, which is certainly a long way off. There's still a chance for us to continue dca BTC, as there's a strong possibility that in the future we'll see a higher BTC price than today, as BTC is constantly being mined, and we'll eventually see the BTC supply dwindle. Currently, I know there's only a small amount of unmined BTC left, approximately 1,100,000. While the number currently mined is 19,900,000, there's still time to accumulate BTC.

However, I'd like to know if there will be BTC miners once the supply is fully mined, and will the fees for sending from wallets to exchanges be high? I also wonder if the price fluctuations will be similar to the current bearish and bullish market. Currently, BTC is widely traded, buying at a low price and selling at a high price. But will BTC trading be possible in the future, similar to daily trading? I think this is worth discussing... Smiley
Bitcoin has always being on the radar and the amount of unmined Bitcoin still has a long way before it can be completed distributed. After Bitcoin's mining process, I believe the price of Bitcoin would be 10x the current price possibly and the only way miners can earn can be through gas fees after total supply must have being exhausted.

We still have a long way to go until 2140 and that's a long time to accumulate as much Bitcoin using the safest method DCA.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sammye3
on 21/07/2025, 22:41:09 UTC
[

We can choose bitcoin and/or we can choose other places to put our time, energy and money (that is discretionary income).

If we have a lot of confidence in bitcoin, we might invest aggressively, and if we don't have much confidence, then we will choose to invest less aggressively (perhaps even whimpily).  Surely some folks choose not to invest into bitcoin at all, which seems a pretty big mistake, even though around 99% of the world's population are no coiners or maybe low coiners or maybe precoiners.

We can also choose to have other investments, and folks might come to bitcoin while already having other investments, so there situation might be a bit different from someone who is both brand new to bitcoin and brand new to investing.  We choose our position size and our approach and maybe we reassess at various times along the way, and then 4-10 years or longer, we may well reassess again and figure out if we need to change any of our strategies... if we might advance from accumulation stage in to maintenance stage and then perhaps later into sustainable withdrawal.
[/quote]
Bitcoin has always being a good investment for the long term. Most people who invest in Bitcoin expecting immediate returns which can bring about disappointment and withdrawal after several draw backs. The focus more on accumulation should be considered over the perfect time to buy  as it's a long term investment.

Even if you have low earnings, that shouldn't be a limiting factor to invest as you could stack up but by bit and over time you would be surprised  how much you have realized without checking CMP. Also, trying to reduce unnecessary expenses can as well help you save for investments purposes and this is for those with low income earnings. There is definitely no excuses.
Post
Topic
Board Bitcoin Discussion
Re: Chances to buy Bitcoin back
by
Sammye3
on 21/07/2025, 21:39:45 UTC
Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please
I don't think it's a financial advise to sell your Bitcoin, maybe there would be possible draw back but the market can be unpredictable and maybe even go higher than expected. I think the best decision to make right now is investing more Bitcoin without the mindset of making immediate profits.

Bitcoin investments always get better with its potentiality and liquidity and Bitcoin's availability is limited and would be mined off in a couple years....who knows??
Accumulating more of Bitcoin's would always be the best option.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sammye3
on 20/07/2025, 15:32:31 UTC
 
You are complicating matters here dude, you just said there is not guarantee that one will make profit if they invest in Bitcoin and you are at same time saying that if we invest and hold for long that we will make profit. For your information I am not investing in Bitcoin because Bitcoin investment is guarantee rather I am investing because I believe in Bitcoin potential, I mean Bitcoin has proven itself several times and it will be unwise for me not to invest in Bitcoin at this early stage of it when I have what it takes to be DCAing even though it is not big enough but so long as it is convenient for me I'm good, just speaking for myself though, don't know why other people are Investing.
[/quote]

Yes, definitely the consistency of Bitcoin over the past years has shown more potentiality for the future and investing in Bitcoin with the mindset of a guaranteed profits within a set period of time is a wrong mentality. Bitcoin has grown to be the biggest cryptocurrency over the years hitting an all time high recently, it has shown full potential and investing short term can also make you profits depending on the actual order you are placing.

Most people come up with the mindset that Bitcoin has outperformed its capacity and might not go any further in the nearest future or maybe a bit further but that is a total false. Bitcoin has the potential to get to $1mllion and even more and investing Bitcoin would be the biggest profits even a newcomer would get in the nearest future no matter how little the amount, you don't need to have 1 Bitcoin before investing because we would definitely see more greens in the future.

Another method you can use in making sure your investments are monitored and you're playing safe is placing a Dollar Cost Average (DCA) method used to control volatility by investing on a set interval a particular amount. This can help you accumulate more and control your risk too.  The price of Bitcoin can be very scary at this time and most people can feel like it's not a good investment but we would definitely see more greens in the future.
Post
Topic
Board Economics
Re: Will banks go on extinction if they do not adopt cryptocurrencies?
by
Sammye3
on 19/07/2025, 15:31:32 UTC
The son of Donald Trump, Eric Trump, also the executive vice of the Trump Organization said banks can extinct in 10 years if they do not watch what is coming. I think what he meant is that if banks do not support cryptocurrencies.

He said modern financial system is broken. It is slow. It is expensive. There is nothing on the blockchain that can't be done better than the current financial institutions is working. Banks not working during weekends also not working more than 8am to 4pm which can be a disadvantage to those that is not able to pay money early before 4pm on Friday.

https://youtu.be/cLnNedcVgcU?si=wS2MAylU7I2LFfhC

What is your opinion about this.
The existence of banks has its own relevance too and cannot be neglected with the focus on block chain. Not everyone has the knowledge of the block chain as it's more complicated to understand than the normal banking system and can pose a disadvantage to elderlies and block chain illiterate. The idea of both coexisting should be the best ideology as both provide services necessary for our daily lives.
Post
Topic
Board Nigeria (Naija)
Re: Beware of pos scam
by
Sammye3
on 19/07/2025, 15:22:54 UTC

What am saying fruders have taken there fraudulent activities to another level so we all need to be extremely careful and watch full with our daily transactions.

[/quote]
Most people have mysterious knowledge when it comes to doing evil but wouldn't think of something good to invest that knowledge in by acquiring skills to better their lives. This is a very cheap fraud scheme and he could be caught very easily dealing with an experienced agent. People like this should be dealt with without mercy because sacrificing someone's happiness for yours can be very evil, we are all going through hard times and it's definitely not easy for anyone.
I wish he gets what he deserves.
Post
Topic
Board Nigeria (Naija)
Re: Crypto No be Quick Money
by
Sammye3
on 19/07/2025, 15:11:50 UTC
Make we dey real most of us been hear about Crypto through success story for example-

- One guy wey buy one coin like this for 2020, don smash better profit as him be selling am today.

- One investor enter into meme coin and now he don dey drive GLK.

Na this kind story dey make many people most especially Money Driven Individuals  to jump into crypto currency with high hopes. Make I no lie I also be get high hopes when I been first enter crypto. And as the thing no con dey pay me initially, I con been dey reason to forget about crypto then jump into programming or any skill wey go dey reward the effort wey I been dey put in(So funny).

The truth of the matter be say Crypto no be magic money, if person carry that kind mindset enter am him fit jam better heart break. infact ehn no legit skill for this life be magic money, e go get times we you go encounter lose but e no mean say you go come give up.

📌Make we yarn small about the true reality of Cryptocurrency

1) Crypto price no dey respect anybody, no matter who you are. Today you fit buy a coin for $100, before tomorrow e fit just drop to $20, e no go ask for your opinion, just like dat it does it own thing, and if person no get mind, him fit quick tire.

2) Learn before you invest. As oyinbo man dey take talk am- Learning is a Process. Meaning that as human being we dey learn everyday. So you gats dabi wetin you de put your money into, if if not you are simply gambling with your money. Do your own research, no carry your last card buy one coin because one person talk say the coin go blow- you fit dey disappointed later on o.

3) Scammers choke for Crypto Space. WhatsApp or Telegram giveaways, or people wey talk say them go double your coin, avoid them like a plague, omo once you loose you money for crypto e don go be dat o, nobody go refund you.

4) Profit no dey certain. The reality of the matter be say no be all coins wey you buy go pay you, some go pump while some go dump, so always be prepared, have an open mind in case you experience any loss or profit

In conclusion, Cryptocurrency na better opportunity, but it can only favour people who are serious and dedicated to it, unserious fellowor people wey wan use am as a shortcut to wealth no dey last long for crypto.

No be lie you talk for here, if you carry that mindset of say na easy money making scheme you go fall short of your expectations. The matter no dey respect anybody true, even analysis no dey always work but you no suppose give up. Consistency and smart work na wetin  make man, even if you say make you dey try strategies you go just dey waste your time dey go. Sticking to one strategy, reduce your expectations and work smart.
Post
Topic
Board Bitcoin Discussion
Re: When your kid talk about Bitcoin don't assume it's all good
by
Sammye3
on 19/07/2025, 15:03:28 UTC
It's a good thing if your kids decide to venture into BTC and blockchain, but as a parent always make sure you monitor them just to be sure that they are doing what they claimed to be doing online.

Kids nowadays are more into technology for sure but we all know how they can be exposed to the wrong things too, I talked to one yesterday because his father asked me to, his father told me that he knows about web3 very well and he is making money off it, the suspicion came later when his father called and told me that his son lost some BTC on Bybit exchange.

I called for the son and he came, his father isn't there with us and he changed the topic, he claimed that after he sent the BTC to his friends Bybit account, the exchange seized the BTC.

To cut this short, the BTC was stolen, this boy doesn't even know anything about JAVA Script, front end or even how to build a website, he was feeding his father wrong information.

I grabbed his iPhone and noticed that he has been defrauding people online through onlyfans stolen identities, he tried to hide it at first, thinking I don't know much about technology like his old man, later he asked me not to expose him to his father.

This boy and his friend choose to rob people online and he is only 18 years old, he knows BTC by fraud but they are foolish enough not to know that BTC is traceable, since Bybit is on this case already I am expecting an arrest on his friend or even him later, unless Bybit choose not to push this further, maybe because the BTC is just $2000

I wish I couldn't but his father his my uncle, we are related, how will the son even change? This was what came to my mind, I have a son too and I don't want him to be on this same path, I talked to him and I use my story about I ended up with Bitcoin online and also how my father was there to support me before he passed away  and I later told his father not to scold him for lying to him, instead he should start advising him the right way.

What broke my heart was how sad his father was when I told him, he said he trusted the son the most.
To some extent, I wouldn't really blame the boy, children are not born criminal or fraudsters but the environment and the situation of things happening around them change them. It's the job of every parent to check up on their kids and not just assume, provide all necessary things needed and ensure they don't go looking for it illegally. There are several kids out there age 18 who already carry the burden of the family at an early age but most parents do not really care to ask the source of their income because they are providing until it hunts them down. Every child's outcome starts from the home and I believe he did what he did to provide for himself and the family too. Men always have the responsibility right from birth and the pressure can be very suppressing at times.
Post
Topic
Board Bitcoin Discussion
Re: what is next for bitcoin?
by
Sammye3
on 19/07/2025, 14:54:52 UTC
if we thought $150k this year was unattainable, bitcoin is proving us wrong as it reaches almost half of that value

it makes me think what would be next now that bitcoin is reaching prices never been seen before. will there be a boost of countries finally legalizing bitcoin? i am sure that the good also comes with the bad. as bitcoin becomes extremely profitable, ill intent people will start to come to bitcoin as well and try to fool a lot of bitcoin investors so be careful.
Bitcoin has being consistent over the years and still remain the no. 1 cryptocurrency with a max liquidity. There is every possibility that Bitcoin could hit a million dollars in the coming years to come though the market has seen lots of ups and down but there still that slightest possibility. And holders of Bitcoin would definitely be in for a huge profits during the times including countries legalizing the use of Bitcoin as it could be used for daily transactions as well.
Post
Topic
Board Nigeria (Naija)
Re: Reason I prefer saving my money in exchange to Bank
by
Sammye3
on 18/07/2025, 23:43:24 UTC
Bank normally is supposed to help people whenever they are in need of cash but nowadays reverse is the case, I don't know if I will say it is because of the government and currently bank charges is becoming something else, whether you do transaction or not they will charge you. Below is the reason I prefer saving in exchange to Bank

Access and liberty: money saved in exchange is very accessible provided you have your internet connection and you can transact anytime, any day, any hour if you wish to unlike Bank that sometimes will deprive customer from making use of their own money because of maintenance and some careless network issues, yes nothing is wrong with maintenance but it should be done in a way it won't affect customers and to be honest I feel relaxed and free whenever my money is in exchange because it very hard to get my seed phrase, pass key and the rest of them unlike Bank that someone can just penetrate without Bank sending you an OTP.

I can remember the last time I had little issue with bank and I was in need of that money, omor I nearly mad because they were frustrating me knowing fully well that I'm the owner of the account. The crypto space has been a blessing I mean it is always available and reliable.


I think in that aspect, it's pretty safe saving in exchange than banks, because they're have being several occasions of externals gaining access within authorization and having frustration network issues can also be an issue during an urgent situation. Someone can easily get access to your card even your ATM card but it's not same in crypto. It's end to end encrypted and the funds are locked and free from external harm