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Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation - Business - Nairaland

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Naira devaluation: BDCs get dollars at ₦393, sell for N494 / FG Rejects IMF’s Call For Further Devaluation Of Naira / Analysts Predict Naira Devaluation To N400/$ (2) (3) (4)

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Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 2:12am On Apr 29, 2020
Don't want to be a prophet of doom but guys be mindful of the way Buhari is borrowing money and there are no plans on how to pay all the foreign debts cos as we speak our main source of income which is oil has been dropping in price and mind you it is even way below our benchmark which our budget is planned on....As you can see naira has lost its value from 360 to now 450 and above against the dollar....

Don't wait till things get bad like it is currently happening in Argentina and now Lebanon,buy BITCOIN or US dollars pegged STABLE COIN if the Volatility of bitcoin gives you high bp...

Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 2:21am On Apr 29, 2020
Here is why domiciliary accounts is not even safe when local fiat currency loses value....


Solution>>>>> Buy a USdollars pegged stable coin like USDT , TUSD , BUSD from a crypto exchange..

Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 2:27am On Apr 29, 2020
Bitcoin performance against local fiat currency shame that of naira was not taken cos this was done when $1 was equal 360naira,we all know a dollar is now 450 and above

Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 2:35am On Apr 29, 2020
Here is why you should buy bitcoin,stable coin from crypto exchange to hedge yourself against economic downturn, recession,inflation and naira devaluation....

Don't wait till things get bad like in Argentina and currently in Lebanon....

Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by ciencee(m): 2:55am On Apr 29, 2020
Where can one buy the dollar because the bank are not selling it.
And if you withdraw your money from the bank and buy it, where will you keep it, if not the bank, with the increase rate of crime in this country.
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 2:57am On Apr 29, 2020
If you are wondering how you can buy bitcoin or US dollar stable coin,the best and trusted crypto currency exchange you could use,Binance is your World-class bet with great customer service and easy withdrawals to your bank account in less than a minute

Binance is BTC and cryptocurrency trading exchange,you can also store your BTC there as well...their verification process is seamless and customer service is top notch...they now have a naira(NGN) stable coin, also stable coins pegged against the dollar(USD) like USDT and BUSD....After completing your verification process using driver's license or National Id card or international passport,if you decide to sell your BTC to NGN,it can be done in minutes and your bank account will immediately be credited...you can also buy BTC using your ATM card,flutterwave and wema mobile and there is also the newly introduced P2p trading...

Here is my referral id to get a btc bonus; 29301892
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 3:28am On Apr 29, 2020
ciencee:
Where can one buy the dollar because the bank are not selling it.
And if you withdraw your money from the bank and buy it, where will you keep it, if not the bank, with the increase rate of crime in this country.

Dollars bought in a crypto exchange like BUSD,TUSD,USDT are digital coins that are stored in your wallet in that crypto exchange until you want to sell them into naira(NGN) and withdraw into your bank account in less than 1minute....

You see no one except you knows you have dollars,so no one is robbing you..
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by ciencee(m): 7:42am On Apr 29, 2020
Nikepucci1:


Dollars bought in a crypto exchange like BUSD,TUSD,USDT are digital coins that are stored in your wallet in that crypto exchange until you want to sell them into naira(NGN) and withdraw into your bank account in less than 1minute....

You see no one except you knows you have dollars,so no one is robbing you..
Ok.
Let say I have 50,000 in my account now and I want to use it to buy dollars which will get me like 100+ dollars,
So what will I do?
pls What is BINANCE? Because a friend help me registered and installed it in my phone when I bought it newly 2yrs ago, but I have never used it until now.
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by spyglaxx: 8:49am On Apr 29, 2020
Nikepucci1:
If you are wondering how you can buy bitcoin or US dollar stable coin,the best and trusted crypto currency exchange you could use,Binance is your World-class bet with great customer service and easy withdrawals to your bank account in less than a minute

Binance is BTC and cryptocurrency trading exchange,you can also store your BTC there as well...their verification process is seamless and customer service is top notch...they now have a naira(NGN) stable coin, also stable coins pegged against the dollar(USD) like USDT and BUSD....After completing your verification process using driver's license or National Id card or international passport,if you decide to sell your BTC to NGN,it can be done in minutes and your bank account will immediately be credited...you can also buy BTC using your ATM card,flutterwave and wema mobile and there is also the newly introduced P2p trading...

Here is my referral id to get a btc bonus; 29301892

Its already late.
You cannot save them
They will call you scam.
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Johnsonifeoluwa(m): 8:57am On Apr 29, 2020
How
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by spyglaxx: 9:01am On Apr 29, 2020
Its about to go down.

Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 10:22am On Apr 29, 2020
ciencee:

Ok.
Let say I have 50,000 in my account now and I want to use it to buy dollars which will get me like 100+ dollars,
So what will I do?
pls What is BINANCE? Because a friend help me registered and installed it in my phone when I bought it newly 2yrs ago, but I have never used it until now.


Binance is BTC and cryptocurrency trading exchange,you can also store your BTC there as well...their verification process is seamless and customer service is top notch...they now have a naira(NGN) stable coin, also stable coins pegged against the dollar(USD) like USDT and BUSD....After completing your verification process using driver's license or National Id card or international passport,if you decide to sell your BTC to NGN,it can be done in minutes and your bank account will immediately be credited...you can also buy BTC using your ATM card,flutterwave and wema mobile and there is also the newly introduced P2p trading...

Here is my referral id to get a btc bonus; 29301892
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 10:26am On Apr 29, 2020
spyglaxx:
Its about to go down.

Exactly...This is what banks do when there is naira devaluation,they wouldn't let you withdraw or give limits to what you can withdraw from your domiciliary account but with bitcoin and us dollar pegged stable coin,there is 24/7 trading and withdrawals at any time...
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by ciencee(m): 12:32pm On Apr 29, 2020
Nikepucci1:



Binance is BTC and cryptocurrency trading exchange,you can also store your BTC there as well...their verification process is seamless and customer service is top notch...they now have a naira(NGN) stable coin, also stable coins pegged against the dollar(USD) like USDT and BUSD....After completing your verification process using driver's license or National Id card or international passport,if you decide to sell your BTC to NGN,it can be done in minutes and your bank account will immediately be credited...you can also buy BTC using your ATM card,flutterwave and wema mobile and there is also the newly introduced P2p trading...

Here is my referral id to get a btc bonus; 29301892

Ok thanks for the info,
So if I verify my details in the binance, I can then buy btc with my ATM card in naira, and hold it there until when I feels like selling it back to naira right?
pls explain more.
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 12:54pm On Apr 29, 2020
ciencee:


Ok thanks for the info,
So if I verify my details in the binance, I can then buy btc with my ATM card in naira, and hold it there until when I feels like selling it back to naira right?
pls explain more.

Yes you are right....

Just download the app and I will put you through
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by chimaxan: 1:26pm On Apr 29, 2020
@nikepucci...pls can I av ur contact ..will like to ask u somtin pls
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by spyglaxx: 2:25pm On Apr 29, 2020
Nikepucci1:


Exactly...This is what banks do when there is naira devaluation,they wouldn't let you withdraw or give limits to what you can withdraw from your domiciliary account but with bitcoin and us dollar pegged stable coin,there is 24/7 trading and withdrawals at any time...

Before this confusion started i have converted all savings to btc i even borrow join.
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 5:43pm On Apr 29, 2020
chimaxan:
@nikepucci...pls can I av ur contact ..will like to ask u somtin pls

Reach me @Bobbbyaxelrod on telegram
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by ciencee(m): 10:17pm On Apr 29, 2020
spyglaxx:


Before this confusion started i have converted all savings to btc i even borrow join.
But what if BTC crashes, because I know there was a time 1BTC = over 12,000usd but it is now about 8,000usd.

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Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by spyglaxx: 10:32pm On Apr 29, 2020
ciencee:

But what if BTC crashes, because I know there was a time 1BTC = over 12,000usd but it is now about 8,000usd.

keep averaging down. 40 by 60 ratio.
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by royalads: 10:51pm On Apr 29, 2020
I'm seeing one person having convo as two peeps here. Crypto currency is very volatile just like forex trading. Please do your personal research before venturing into it so as not to lose your hard-earned money this period.
Drops mic and walks out.

1 Like

Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nikepucci1: 12:39pm On May 01, 2020
royalads:
I'm seeing one person having convo as two peeps here. Crypto currency is very volatile just like forex trading. Please do your personal research before venturing into it so as not to lose your hard-earned money this period.
Drops mic and walks out.

One person having a convo as two peeps?are you always this dumb or it is periodical....I get it that you lost all your money cos you are not smart enough and you wanted to get rich quickly which is absolutely not so in bitcoin and crypto...
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by Nobody: 2:00pm On Dec 21, 2020
pls how do I sell my bitcoin on binance into my Nigeria bank account
Re: Buy Dollars Or Bitcoin To Hedge Your Savings From Naira Devaluation by lende: 3:39pm On Dec 21, 2020
organism3:
pls how do I sell my bitcoin on binance into my Nigeria bank account
Contact me on my signature I buy bitcoin @485/$

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