In as much as the best form of coin exchange or conversion to fiat and vice versa is physical since this will limit or minimize the risk of scam faced when using online platforms. I still think that in countries where bitcoin or cryptocurrency at large are frown at, one should engage in bitcoin discreetly.
This is also why I don’t agree with shops or businesses publicly making bitcoin a payment option in countries like this, because Just like this case scenario once the government comes hunting for those who violate the law you will be first to be napped.
Topic: How safe are physical exchanges in your neighborhood. - page 8. (Read 892 times)
I believe the topic speaks volume for itself as it is already self explanatory.
This question was born out of a real life experience where a petty trader was publicly harassed by some uniformed security personnels claiming to be some police officers and after some investigations the security personnels claimed that the woman aided some criminal activities as well as some internet fraud simply because she made her private exchanges public and the government as some point also frowns at the use of bitcoin in my country.
Now my worries is that, this singular act has driven alot of fear to some low key bitcoin holders in my neighborhood even myself and there are shops I hope in town that operate physical exchanges.
~Do you think those dealers are safe?
~And what's the fate of physical cryptocurrency exchanges(r) in your country?
Let's discuss
This question was born out of a real life experience where a petty trader was publicly harassed by some uniformed security personnels claiming to be some police officers and after some investigations the security personnels claimed that the woman aided some criminal activities as well as some internet fraud simply because she made her private exchanges public and the government as some point also frowns at the use of bitcoin in my country.
Now my worries is that, this singular act has driven alot of fear to some low key bitcoin holders in my neighborhood even myself and there are shops I hope in town that operate physical exchanges.
~Do you think those dealers are safe?
~And what's the fate of physical cryptocurrency exchanges(r) in your country?
Let's discuss
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