Lack of proper financial services boosts crypto ownership in Nigeria, says report.
Source: https://cointelegraph.com/news/lack-of-proper-financial-services-boosts-crypto-ownership-in-nigeria-says-report.
Wetin una think about this report, you fit read am to understand wella, like dem mean say na because our banking system dem no go na him make people dey reason cryptocurrency dem. Me I no believe oh, dem dey forget say the average Nigerian self no dey use Bitcoin or other cryptocurency as currency instead dem dey use am as investment vehicle them. Some dey trade am daily while others dey just buy and hold.
Infact people dey reason say you dun chop ur blessings if you sell your coins use hold body. Wetin you dey think. You dey feel say na because say our banks no dey reliable na him make people dey majority jump into Bitcoin. Abi na because of the opportunity to a financial free life through making money from the industry dey drive Nigerians into the industry.
Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 146. (Read 1249547 times)
legendary
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eXch.cx - Automatic crypto Swap Exchange.
April 14, 2022, 03:21:35 AM
April 14, 2022, 02:50:49 AM
In a way I no deh blame this old men o because na the youth weh no know them worth deh give those old men free hand. Na see finish e bi. This youths weh like money pass anything for this life deh give them the morale to deh ride them. Imagine as them deh ginger an old man weh deh wet himself for public to run for presidency only because he is throwing cash give them. Make them continue. The hardship weh Buhari don show us na small compared to wetin Amaechi, Tinubu or Osinbajo go do us.
April 13, 2022, 03:18:54 PM
In a way I no deh blame this old men o because na the youth weh no know them worth deh give those old men free hand. Na see finish e bi. This youths weh like money pass anything for this life deh give them the morale to deh ride them. Imagine as them deh ginger an old man weh deh wet himself for public to run for presidency only because he is throwing cash give them. Make them continue. The hardship weh Buhari don show us na small compared to wetin Amaechi, Tinubu or Osinbajo go do us.
April 13, 2022, 09:04:00 AM
You guys type in pidgin effortlessly lol, i am impressed. not sure i can emulate that hahah.
The thing no hard, na make you keep emulating how to write am and before you know it you don become one professor for pidgin matter.
The way this Nigerian politicians they do self they funy me, imagine these old set of people still want to keep more money for their children because I did not see it as they Wan lead us
In a way I no deh blame this old men o because na the youth weh no know them worth deh give those old men free hand. Na see finish e bi. This youths weh like money pass anything for this life deh give them the morale to deh ride them. Imagine as them deh ginger an old man weh deh wet himself for public to run for presidency only because he is throwing cash give them. Make them continue. The hardship weh Buhari don show us na small compared to wetin Amaechi, Tinubu or Osinbajo go do us.
April 13, 2022, 05:04:41 AM
The way this Nigerian politicians they do self they funy me, imagine these old set of people still want to keep more money for their children because I did not see it as they Wan lead us, because they way this country be na transformation we need, we need people with different idea to come and showcase their own talents, as it is like this na youths we need but even those youths wey they show interest na money them Wan come chop too. We have to be very careful about the decision we will make this time, make we no pute our self into trouble again.
April 13, 2022, 01:42:28 AM
Rotimi Chibuike Amaechi
As we been dey talk about the declaration of Nyeso Wike, him brother CRA from the ruling party come declare interest for the office of the presidency. As na my man wey I like, e get two things wey happen yesterday wey I like.
1.The multitude wey storm Ph yesterday.
2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
Make we dey one side dey watch because the bigger drama wan unfold.
I think all of both wike and Rotimi has no chance in the coming presidential election. Wike has done well for River State I must say, especially in terms of making the city kf River State motorable like his flyover mission every where. But I don't think he has what it take to rule the country, and Rotimi on the other hand has lot of laundering case on his hand no be that kin person we need as the president.As we been dey talk about the declaration of Nyeso Wike, him brother CRA from the ruling party come declare interest for the office of the presidency. As na my man wey I like, e get two things wey happen yesterday wey I like.
1.The multitude wey storm Ph yesterday.
2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
Make we dey one side dey watch because the bigger drama wan unfold.
Wike no do anything for Rivers State, wetin him do well na to silence all sectors, him commissioners no get work as some no even get portfolio, some na dummy, him pocket assembly members and continue to contract head bridges in Obio/Akpo to himself. Who does that, who concentrates all bridges in one community in order to collect plenty choppings.
Every average Rivers indigene know wetin sup.
For Amaechi and laundering cases according to you, them no dey calculate am like that. We know say Amaechi obtain money just like Wike dey do now but him no get any case for court concerning laundering. Well, base on party hands, Amaechi get plenty chances o
April 12, 2022, 03:35:20 PM
Regardless of what you may feel about this statement, but the truth is Osinbanjo is 9ja next presided and even if you like amm or not am just a political analyst and I don't do party politics but my prediction is base on individual candidacy and just as I don talk ammm before 2015 election every politician have an expiry date and Osinbanjo expiry date never come but Tinubu don expire since even 9ja mainstream media are projecting Osinbajo candidacy. I no mean to offend anybody but I dey open to betting on Osinbanjo's candidacy, make we no under estimate the power of grace and even Buhari na Osinbanjo be hmmm candidate. 2023 election no go even tough reach 2019 election as the election go be slide winning for the rolling party and even APC primaries go go well and star boy go win. Even if we want talk of President we're go support cryptocurrency I believe Osinbanjo as I know say him go have respect for rule of law because he know what rule of law is and no democracy can thrive without respect for the rule of law we're going see a lot of development from 2023.
April 12, 2022, 02:59:42 PM
Check out Osibanjo dey yarn sae em go continue from where Buhari stop during his presidential speech declaration for presidency. That means em go continue from the bad leadership wey em boss give us
Osibanjo speech shame me well well. Na real hell fire this people want to carry us enter o. But it will not work for them this time. Whether Rotimi Amaechi or Tinubu or Osibanjo, e no go work. Buhari go scatter table soon. Una see that video of Tinubu where him talk say he never get any son grown enough to declare? I laugh well. Na something like that I deh like for politics. Bad blood go soon be open between him and Osibanjo.
You guys type in pidgin effortlessly lol, i am impressed. not sure i can emulate that hahah. on the politics scene i think buhari does not care about the emotions of any of ap candidates; he is simply going to choose a consensu candidate and thats it. The kabals? Buhari himself is the kabal, since Kyari died of covid; the kabal ceased to exists; For pdp; theres no internal conflcits; just a diversion tactics; winning incumbent government is hard; from the precedents we have about these guys. lets just say all is well
April 12, 2022, 02:44:09 PM
Check out Osibanjo dey yarn sae em go continue from where Buhari stop during his presidential speech declaration for presidency. That means em go continue from the bad leadership wey em boss give us
Osibanjo speech shame me well well. Na real hell fire this people want to carry us enter o. But it will not work for them this time. Whether Rotimi Amaechi or Tinubu or Osibanjo, e no go work. Buhari go scatter table soon. Una see that video of Tinubu where him talk say he never get any son grown enough to declare? I laugh well. Na something like that I deh like for politics. Bad blood go soon be open between him and Osibanjo.
April 12, 2022, 12:23:39 PM
Check out Osibanjo dey yarn sae em go continue from where Buhari stop during his presidential speech declaration for presidency. That means em go continue from the bad leadership wey em boss give us
Osibanjo speech shame me well well. Na real hell fire this people want to carry us enter o. But it will not work for them this time. Whether Rotimi Amaechi or Tinubu or Osibanjo, e no go work. Buhari go scatter table soon. Una see that video of Tinubu where him talk say he never get any son grown enough to declare? I laugh well. Na something like that I deh like for politics. Bad blood go soon be open between him and Osibanjo.
April 12, 2022, 04:27:09 AM
Finally, I don find a way to be at peace with everybody. Once I don speak wetin dey everybody’s mind, I can never go wrong.
If na by that one you think say you don make peace with everybody, like this weh I deh I no happy with you self. How you go say all of them win? Your rigging pass how Buhari and his people take deh ring poverty into our ears. Na joke sha. But make I tell you wetin sup, just be yourself and say wetin deh your mind as you think am because if you think say you go make everybody happy the same time na pure lie be that. You sabi say even as Buhari deh bad reach e get people weh deh ready to die for am? Na so o. This people go tell you say Buhari na the best president.
Em get anything wey any politician can promise again wey Buhari no promise or say more. Same storyline of promise from politician every election period. So make all of them win, so that person go rest(lols). If you wan vote for anyone vote, just do it because of conviction and not for wetin dem dey yarn.
Check out Osibanjo dey yarn sae em go continue from where Buhari stop during his presidential speech declaration for presidency. That means em go continue from the bad leadership wey em boss give us
April 11, 2022, 07:36:53 PM
When I saw the Nigerian youths supporting the old cagos, I shed tears. Did someone caused us? or someone dey remote us? Weti dey happened? Upon all these things these old Politicians dey do to us some of us are still happy, dancing for them? Does Nigeria meant for a people of 80 plus to rule. Look at what happened in #,endsars. Look at what is happening to all the States in the federation. No employment, no light, no job, bad education, bad internet connection, no housing scheme, no money no treatment in hospital, All the Niger Delta States receive big amount of money as allocation, FG just increase some states allocations yet there is no money to employ. Nigerian youths stand up oo. Sometimes I think it is better to die than living in Nigeria. I prefer the military to take over the government than the civilians. Nigeria youths were we dey.
The only thing I am asking you to do is that don't vote for those deceivers, promised and fall, primitive accumulation elites, untrusted Politicians I gave all negative trust. Please vote for a youth, chock the Jagabans this time, please have good history for once. Nigeria is our, Nigeria we serve,
The only thing I am asking you to do is that don't vote for those deceivers, promised and fall, primitive accumulation elites, untrusted Politicians I gave all negative trust. Please vote for a youth, chock the Jagabans this time, please have good history for once. Nigeria is our, Nigeria we serve,
April 11, 2022, 03:35:21 AM
Our concern is that we do not want a third-party to be in possession of our personal information. I found a model in this article that gives customers the ability to be in possession of their personal information and release only when needed and for a temporary period without compromising privacy and security.
Who is in possession of the documents? Not you (the owner).Were your documents not with you before? It remains with you, but once given another party, then no privacy. We can see how people are just being fooled.
April 10, 2022, 08:24:24 PM
But the issue is 'assumimg if someone uses his BVN or NIN (his identity) to verify', KYC is KYC. Like if NIN is used, the hacker would be able to know the name of the person and his home address, know his facial look and a lot about the person which can be used to trace the person as they know his real Identity already. KYC is KYC, once given out, no privacy.
Our concern is that we do not want a third-party to be in possession of our personal information. I found a model in this article that gives customers the ability to be in possession of their personal information and release only when needed and for a temporary period without compromising privacy and security. This model proposes that any user who want to interact with a interact with a centralize exchange requiring KYC verification can present their information with read-only access – and ideally only as an attestation. This can happen using public key cryptography, or a multi-signature smart contract in conjunction with the centralized exchange. When the individual signs that request with their own digital identity, the centralized exchange or service provider will have access to a timestamped KYC document for the individual. This document will only be accessible by the specific service or regulator, for the regulatory period required.
April 10, 2022, 05:48:01 PM
Actually I use fake NIN verify my Binance, my Address there no correct and other information too. somehow dem no fit track me come house. That was when Binance just came out though so verification no dey too strict like dat. Now assuming na BVN all my details already dey linked. Some verification process are more sensitive than others.
I have a topic about how KYC can be deceitful if ignorant of the nagative aspect of it, even with how harder the verification is now, some people are still selling verified exchange accounts, but which can be used by scammers for scam and also the risk of the centralize exchange officials to detect. Some people can go to the extent of using another person's identity which they can pay for.But the issue is 'assumimg if someone uses his BVN or NIN (his identity) to verify', KYC is KYC. Like if NIN is used, the hacker would be able to know the name of the person and his home address, know his facial look and a lot about the person which can be used to trace the person as they know his real Identity already. KYC is KYC, once given out, no privacy.
On top of the mata of platforms to use, We get better alternative out there wey be peer2peer and e get some Defi platforms wey fit do other stuffs binance dey do like future trading etc. Regards him just dey throw light for things to know about all this centralized platforms dem.
CryptopreneurBrainboss has given you good answer to that. For no KYC centralized exchange, Kucoin is not bad but they can request for KYC at anytime and the exchange owners have the full control, not customers. They can freeze customer's account at any time just like other centralized exchanges. So, not still recommendable if you want full control of your coins.
April 10, 2022, 03:33:35 PM
Rotimi Chibuike Amaechi
As we been dey talk about the declaration of Nyeso Wike, him brother CRA from the ruling party come declare interest for the office of the presidency. As na my man wey I like, e get two things wey happen yesterday wey I like.
1.The multitude wey storm Ph yesterday.
2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
Make we dey one side dey watch because the bigger drama wan unfold.
I think all of both wike and Rotimi has no chance in the coming presidential election. Wike has done well for River State I must say, especially in terms of making the city kf River State motorable like his flyover mission every where. But I don't think he has what it take to rule the country, and Rotimi on the other hand has lot of laundering case on his hand no be that kin person we need as the president. As we been dey talk about the declaration of Nyeso Wike, him brother CRA from the ruling party come declare interest for the office of the presidency. As na my man wey I like, e get two things wey happen yesterday wey I like.
1.The multitude wey storm Ph yesterday.
2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
Make we dey one side dey watch because the bigger drama wan unfold.
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
April 10, 2022, 02:33:16 PM
Make I even ask you senior man because I don read many places weh you talk about centralised exchanges as no be the way to go, which exchange you deh trade on or you no get any account with any centralised exchange? Or you no deh trade at all?
Although the question no be for me but make I throw small light inside. Say person dey talk truth about a particular platform no mean say dem no dey use am or other similar platform. Na just say some of this platforms dem dun dey mumu, before now binance na very good exchange. You fit use dem without KYC but recently dem start to the misbehave mandate everybody to dey complete KYC verification dem before you fit get access to your funds etc.
On top of the mata of platforms to use, We get better alternative out there wey be peer2peer and e get some Defi platforms wey fit do other stuffs binance dey do like future trading etc. Regards him just dey throw light for things to know about all this centralized platforms dem.
April 10, 2022, 12:59:14 PM
2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
My brother if na by that one that means you will continue to deh believe politicians and their lie lie go like that. Na so weh Chris Okotie and Tunde Bakare lie say God don anoint them to be winners too in the past elections and we all know the results.
Binance is a reputed exchange, there is no difference, you data given to Binance can leak and hackers got hold of it is the main issue. For privacy, better not to even do KYC nor get verified at all.
Make I even ask you senior man because I don read many places weh you talk about centralised exchanges as no be the way to go, which exchange you deh trade on or you no get any account with any centralised exchange? Or you no deh trade at all?
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
April 10, 2022, 11:11:12 AM
How about phishing attack that is caused by a centralized exchange data breach which affected some novices and lead to coin lose or compromised wallet? Indirectly, data breach can still result to compromised wallet or coin lose.
We dey talk d same thing, I say immediately you complete KYC, you dun sell out be dat. Meaning say you dey likeable to any lose wey dey follow hack of account like you talk but if na for funds no worry binance hand strong. Hope say una know say dem dun hack binance before but no noise come out like dat. Firstly as na Binance be OG and get control over many news outlets for crypto. Secondly dem get SAFU wey dey like insurance for all users for cases of hack. Binance dun minimize the lost in regards to funds but your details are never safe on any exchange after completion of KYC.
I no think say greater risk dey if you use your bvn than if you use your nin. All na the same thing. My real talk be say, no option of verification for binance dey more risky or less risky, all na same Kyc.
Actually I use fake NIN verify my Binance, my Address there no correct and other information too. somehow dem no fit track me come house. That was when Binance just came out though so verification no dey too strict like dat. Now assuming na BVN all my details already dey linked. Some verification process are more sensitive than others.
April 10, 2022, 10:56:05 AM
Aswr but Binance shall get savings to use compensate anybody's wey hacking go affect their funds although if e happen your details dun go be that.
How about phishing attack that is caused by a centralized exchange data breach which affected some novices and lead to coin lose or compromised wallet? Indirectly, data breach can still result to compromised wallet or coin lose.Unfortunately majority of Nigerian gaz do am to enable a smooth use of the Binance platform.
Even no unverified user can make use of Binance again, according to Binance, all users to make use of Binance services would have to be verified.I go beg our people make them never try use this method for verification o. I deh always avoid anything weh get anything to do with BVN.
Binance is a reputed exchange, there is no difference, you data given to Binance can leak and hackers got hold of it is the main issue. For privacy, better not to even do KYC nor get verified at all.I no think say greater risk dey if you use your bvn than if you use your nin. All na the same thing. My real talk be say, no option of verification for binance dey more risky or less risky, all na same Kyc.
Exactly. KYC is KYC. Jump to: