Topic: Make We no Dey Use Centralized Exchange to Receive Campaign Payment Directly. (Read 150 times)

But people e no go hear because in exchange they will not pay any extra fees before selling their coins but when that affect you then you will know that what I was saying is the truth and nothing but the truth. We should not use centralized exchanges to receive pay but because of the high fee in the bitcoin transaction in the recent time made some people to go back to the using not Centralized exchanges and today the disadvantage has come clearly to our eyes.

As it is now Binance e don stop all the transactions with naira and those who still have coins there e fit stuck there so make una fast fast send am to other wallets now before the deadline elapsed oh. See weti I see from channel TV today.

Wetting you talk na true, but wetting me I see wey cause that thing na because of high fee wey dey for DEX naim dey cause am. No body want where him go loss money and e dey be like stress to receive money for DEX come send and to CEX. If no be this issues wet come up I think we CEX na better place to receive bitcoin. Because e go relief you of stress to dey wait for mempool que when you perform transaction. If not for this binance I think other exchanges wey no dey too ask for kyc dey. except your the amount you wan withdraw too huge like upto 400btc per day before them go ask for kyc like mexc. But if na $5 to $10k or even more, no problem. So if you dey talk about exchange you go really need to be specific.

Most of the users way you go find dey make this kind error move, I call am error move because, e no sure for my eye and I feel say, person way really dey into this system and believe in the idea of holding for a long term, e no go still like use exchange they collect coin.

Normally, na bad idea to hold large amount on exchange and if you even conceive the idea say, you go transfer the coin from exchange to wallet when e sure for you, fee you go still pay (exchange impose), e go still big pass when you for use wallet.

Many people way switch to exchange idea na people way just wan dey sell there coin off. Na there own approach and idea shah but, e no sure for me say na the best of ideas. Bullrun dey for corner, nothing sure pass say, you dey hold and if you must chop, na small small. Make you no dey fear fee, na part of the system.
As exchange don show people now say, them fit seize there coin without proper proof of transaction now, how e be… matter don cast na em be that naw. Because, e no get any manager here way go one do plenty for this kind matter.

Shey we dey sing am here everyday say exchange should only be used as exchange and nothing else but people no dey gree hear, this one wey Bitcoin fee been come high e come make many people come dey use exchange address to receive payment but now dem dun see am say it wasn't a wise decision. Wetin dey there to receive your Bitcoin for your non custodial wallet then you can do with the Bitcoin received anything wey you want. Those affected should take this as warning to not trust exchanges especially centralized ones or any centralized Bitcoin service providers as anytime wey problem come dey go find way to throw you under the bus. And those wey no dey affected should also learn form this. Also avoid centralized wallet providers and only use non custodial wallets.

We Nigerians aren't decentralized enough, we need to learn how to dey use more of decentralized services for this industry because we self no dey better country wey be say the government fit just wake up one dey wan ban every account that has a connection with Bitcoin through any centralized service wey dem fit get access to, to collect data wey dem go use work. E get time wey government been dey target cryptocurency traders so dem fit do am again. Make we dey dey careful and take our security very serious oh because if we no do am na we go dey regret later. Know wetin you dey promote before you start dey join campaign. Government no like mixers so dem go always get problem with dem, so no do transaction directly with any exchange from mixers and some other sites them. E make sense to send the coins to your non custodial wallet first before you fit move am to exchange for trading.

Yes you can use a mixer to mix your Bitcoin from the Electrum wallet to any other address and no one can trace where the Bitcoin enter. And to use mixer is very simple. Though depends on the mixer and now that mixers are ban in the forum, you can search for a mixer in google search and select a good mixer and mix your coins. And the first thing wey you go do na to go the di mixer and in the recipient address box, type the address in which you want your Bitcoin to go and after den dem go send you di address you go pay di coins into for dem to mix. And you have to wait for some time for them to finish.

If you follow those steps then you go fit send Bitcoin to your another wallet, or another people wey dem no go fit trace.

Boss, is there a way to move the Bitcoin without a trace after receiving it in a non-custodial wallet? please drop the update if there is a way.
They should go and do the KYC as a step to show they know nothing about the escrow wallet of Sinbad, but if they no gree go do am, Binance go see say they know the thing wey happened to the Sinbad escrow wallet, and they no want to do KYC make them no sabi your faces.

My brother you and I know that that the primary purpose of doing every business or invest is to maximize profit at a minimized cost. I won't blame people for using their centralized exchange address to receive payment for the work they did during this period of high Bitcoin transaction cost. People that did did work have no hand in whatever problem that is rocking the company so I don't see why they should be afraid of anything. If binance or any exchange they used in receiving payment ask them to for any form of clarification they should do it stating their official business with the Sinbad mixer company and it's escrowed account. I believe the signature thread is still active. They can put the thread link and those exchanges can verify the date the thread was announced and the date they received the payments. There is no hidden something there and one shouldn't be scared of explaining your own side of the story provided you have no wrong doing. We are all trying to make the world a better place if this is the way that they can use to fish out people giving Bitcoin investment a bad name and reputation I don't see anything wrong in that. They are called centralized exchange for a reason and before you signed up for those exchanges you agreed to their terms and conditions so we should also support whatever is just. I don't believe those exchanges will punish legimate people who received payment from that escrowed account for the signature work they announced here in the forum.

My brother tell binance the simple truth, with verifiable evidence and facts. The one that will help you the most is the link to the signature thread. Point out the date it was announced in the forum and tell them the nature of the work. Tell them the day your payment is usually made to that account from the Sinbad escrowed account. This is very transparent. It is not the fault of the participants that the signature work was announced in the first place.

 

Centralized exchange na for business transactions purposes dem de good for, after dat na to jeje transfer your coins into your none custodial wallet. I thank OP for bringing dis matter of signature campaign wahala to di limelight, dis one na information for people wet de oda campaigns de receive payment for centralized exchanges, because wetin happen for one place fit repeat for anoda place.

But senior man, you no suppose blame binance, for dis matter, I believe day dem just de do dem work, so di campaign go fit track di payments wey go through dem, besides maybe na di campaign give dem di mandate.

Hmm I saw this comment , then I feel I should ask what about the  vice-versa Isn't it traceable. Normally it's just the better and safest way of receiving btc payments (non custodial) but frome the question  the opposite  is it traceable??

The disadvantage I see in dex is the low trading volume as most people prefer to use centralized exchanges. Also another is the price that buyers and sellers with ads wants to sell their coins. The price is not favorable on decentralized exchanges, you can check the bitcoin seller ads on Agoradesk, not favoring at all.

You do not need app to use Agoradesk. The laptop I was using before, Bisq was difficult to use on it, but good on a good laptop. I do not remember if it is a zip file, but if it is, you have to unzip the file before installation.

I know Nigerians, what we go for most is the price, once you compare the price on centralized exchanges to decentralized exchanges and seeing a significant difference, you will still want to use centralized exchanges, thinking of decentralized exchanges as a loss of money because of the unfavorable coin prices.

Another disadvantage of decentralized exchanges is the limited coins, centralized exchanges make users to have access to more coin pairs.

I have been trying to use decentralized exchange but they are not like Centralized Exchanges. The interface of the both are very much different and the use for DEX is more difficult than CEC. And some of the DEX even charge when making transaction and because of all these wahala naim make I just stick to CEX. I have been to used Bisq but as Wiwo said, e no dey gree work so I also abandoned am. Agoradesk too na di same. When you download dem na so so zip files you go dey see.

Yes using decentralized exchange na di good way now but I still dey talk say no decentralized exchange way be like Centralized Exchanges. Centralized Exchanges dem e no hard to use but DEX dey give tough time.

Insamuch as there are certain risks that are being associated with keeping our Bitcoin on exchanges, it is advisable we use decentralized exchanges just as our legendary @charles-tim have offered to us or we use wallets that will grant you custody of your cryptos at all time just like the electrum wallet and other trusted wallets. We're in modern era now so we should open our eyes very well in other not to fall victim of some online manipulations so anything wey dey good wey we see other people dey use make we too follow up dey use am no be to go form I too know go enter problem then you go still run go meet those people wey you been dey hide make them no no wetin you dey do unto say you wan claim say you dey smart that's why I like things on this forum as nothing is hidden, everyone's activities here is also being seen by others and even in the course of transactions as everything can be seen clearly and without doubt seen on the Blockchain so no wayo wey dey the system at all except say na you wan play yourself wayo but you no fit play other People.

I do not really understand what you meant as desktop version IOS, but you can access the site on this operating systems:

https://bisq.network/downloads/

Phone can be used for notifications.

Ok boss thanks for sharing this,  this is most helpful for me,  but then I will also fry bisq to see how it works,  because the last time I tried visiting the site on mobile,  or seems that the exchange was only available on desktop version and not available on IOS androad devices. which serves and a medium to how things are expected to be done while using the exchange.

Well, thanks once again boss man.

If you can not go for Bisq, you can try Agoradesk.

https://kycnot.me/

Right decentralized exchange that offers p2p are hard to find,  or if you have any,  can you please post a link to such decentralized exchanges,  because a lot of things have been learnt from this whole situation,  although I have always been against the use of Binance or any other exchange the received payment,  that is the dumbest thing anyone can do,  and at some point, if care is not taken,  I will be forced to say its high level of negligence because how can you submit a wallet that you don't have control over for campaign that some already stated that there is no change is wallet address after acceptance.

The best possible thing to do is to submit a non-custodial wallet and thereafter send the coins to any exchange of choice or through direct P2P transactions.

Naim be say all those people wey use binance take dey receive money for that sinbad campaign dey on binance suspect list like this? Omor na wa oo, wen I think say I don get better alternative to run from high transaction fee or mempool congestion to send go binance, naim a come dey hear this one so, na wa. Make all these scammers dem leave us alone na, any single thing wey dem do dey aftect the whole crypto world, see binance now wey dey for hot seat for this their new problem na don come dey attached to another one wey fit stress dem or even add to the former one.

Like this now baba Charles-Tim say even to use normal wallet, dem transfer to the binance sef nor dey safe, but what if this same issue come rise for the decentralized exchange sef?  Anyway sha, another alternative has been given for to just adapt for security reasons.

Yes oo na true you they talk ooh, so make people learn from waiting happen for this Sinbad matter way done become the current discussion for the forum now, because in as much as e they help to eradicate the use of gas fee in times of transferring from trust to centralize exchanges, make we they very careful and also make we they try to avoid saving our funds on centralize exchanges because if those people way there matter they sub now get funds for there wallet them fit no gree them to collect am, so make we use this matter no waiting we suppose do oo.

The worst is to use Binance to receive payment weekly. You are very correct about that.

But using noncustodial wallet to receive payment weekly and sending it to Binance is still traceable. The best is to use a decentralized exchange.

We all heard and some of you have experience weti dey happened in the forum about di Sinbad mixer and those participants wey been dey the campaign come dey use Binance and other exchanges to receive pay because the transaction fee if very high and dey dodge am because dem no wan pay. And now the escrow address wey been dey send di money and now dat FIODNederland come tok say di company been dey allow people wey dey thief money to do mixing work dey send the money go another places and all di people wey received money from the escrow e dey under investigation. And before you go clear yourself, you go tell Binance which business you do with Sinbad company wey dem come pY you dat money. And if you no fit express yourself well then you account dem go block am.

So nai make I say make I come tell my country people say let dem no use Centralized Exchanges to receive pay because di exchange itself can freeze your account if there is a small mistake. And in this days Binance set dey hot. And dem dey on hot seat so small things na KYC na dem dey ask. But if you use non custodial wallet to receive your pay nobody go question you. Use Electrum to receive pay and send to Binance to sell and not to keep. To avoid wahala na be the best approach to settle cases. Be careful out there. Like this Binance don send messages to all this people wey received BTC from the Sinbad escrow address to do KYC and more information. Dis one na for your own good.