Topic: Physical Bitcoin Shop in Port Harcourt (Nigeria) - page 3. (Read 431 times)

Happy Birthday!

Well, it's an p2p outlet nothing else and if there is regulation issues with the government and Bank then how they can open such outlet in a public place.

For storing 1000 dollars worth of BTC I think Electrum will be better choice than a hardware wallet and holding for one year may not be a long term investment, I consider its a long term only if you manage to hold it for a cycle which is pretty close to 4 years.

Was having a walk around Port Harcourt Yesterday if I can see something I can get for myself as a birthday present when I came across a Bitcoin shop by the roadside, out of curiosity I walked inside the shop, and ask if they sell  and buy Bitcoin which they said yes..
I ask for rate and they said #712 per 1$ which is lower than what I usually buy online, I said okay I want to buy 1000$ which they calculated it to be a total of 720,000.000 in my local currency.
An account was given to me which was a personal accounts, I then asked why the account don't have the business name, they said it was because of the regulation in the country to avoid story that touches.
And I paid the balance with my other account.
Once the payment was confirmed they asked for my deposit address which I gave them my Binance BTC deposit address and btc worth 1000$ was sent to my wallet immediately which is currently worth 1006$ as of the time of this post now.
After I confirmed the transaction that was when I left the shop and consider that purchase as my birthday present.

Am planning on holding for long till my next year birthday which is 15th December 2023.

Don't know if moving the BTC to my trust wallet or looking for a hardware wallet which one will be better off for such small amount which I planned to hold for a long period.

Happy birthday to my self.