₦airaland Forum

SirWellington:
Yeah, finally got my pcr result today, thank God I can move around now.

Lol, you have been wanting to “ go out” since the day you came in. Happy you are free to go now. But please remember covid ooo, the numbers are increasing like something else. Make you no go move around finish and move back to isolation because of contact with someone who has contacted it.

Pijames:
Hello everyone, can anyone in Uk help me to sign a guarantor form for house, I don’t know any body in this country. I need to get accommodation, all of them are doing shakara, the one that agreed say I must be fully employe or have a guarantor.

If you are a student, speak to your school they have provision for this. And if they have offered the total number for the session, then I think you can speak to the African student community in your school, I think they can help.

If you are working (but not fully employed), speak to your employer, they can help or provide your with a means.

Guarantor seems like a little big favor to ask from someone who don’t know you personally. I doubt if anyone will want to take up that responsibility.

Also I think some Africans said something about their church helping. Not sure as I don’t attend one, but I am sure I heard that from someone.

mizGene:
Sorry for the long silence..
What are the tools needed? Which apps to download and for what use, which bank is best to use for transactions, where can I get more information in trading, etc.

I want you to guide me through one trade if you can, right here.

Apps:

1. Binance = An exchange for buying crypto. It’s safe here as they have grown over the years.

2. CoinGecko = I use it to read about coins and add some coins to watch list

3. Coinmarketcap = it has almost all coins with their rating and more information about the coin itself. This is what almost everyone use to see coins present position/ranking.

4. Gate.io = I use this for daily trading only. Very crazy place. Gat to be careful here.

My advice, get the binance app and register, then Get coingecko too as it’s faster to check coins. The 3rd you can check from their web. And the last you can download when you are stronger and want to start trading daily or you understand how things work and you want to see for yourself.

Bank: I will advice Revolut or Monzo (or both). Revolut is on binance and since they sell crypto on their own, I believe it’s a good option. I used them until them pursue me.

For live trade, I thought of that. I will get back on when as I have somethings at hand. Maybe this weekend. But I will let you know.

Biodundimeji:
I would like to learn this cryptocurrency stuff

Please can you guide me ?

Yeah, just ask your questions and someone or I will reply to your questions.

mizGene:
Great, thank you.

I am a total novice but happy to learn. Where do I start from/what do I start with?

It all depends on what you want out of it.

If you want to have coins with good use cases and you don’t mind holding for long term. This has lesser risk as you can sell whenever you fell the price is ok for you. Or you can even choose not to sell and hold for a very long time.

Or you want a good coin for short term holding to earn profit. This is also fine. This is not bad too and the risk is of same level with the long term holding as anything can happen. I advice this type for people who are new and are not in die need of money. Here you just buy a little coin and sometimes within a space of one month or weeks it would have done some move and you sell when you think the price is right.

Then the daily trading has the highest risk as sometimes the coins that comes out that day may be a useless coin, but it goes a mighty run and if you are able to make profit from it, then fine. But if you get stuck in the coin, It might take another year for the coin to get to the price you bought it at. But with guidance and greed elimination, you can get some little profit and go your way daily Or whenever these type of coin surface.

So it boils down to what do you want.

DisGuy:
What's the advantage of using the p2p over direct trading? Never really understood the hassle of p2p trading. Monzo, revolutionary even halifax are okay with binance from personal experience (ps I'm not a heavy user)

For me I started using it when I got to the UK 2020 December. Then there were so many different news about UK government not being ok with crypto and all that. So the safest way to avoid bank and government story was to use p2p as I didn’t want to link my bank card to binance in any way. But for Naija then, I use direct deposit as it was easy and I avoided story of where the person sending to your account got the money from.

Also p2p adds extra money to the exchange rate as it is mainly black market rate. And you get people offering different rates.

dustydee:
Yes the fee isn't much. I was just greedy and wanted a little more and now I am a bit apprehensive.
Binanace is likely to pass your details to HMRC for tax purposes though, so set some funds aside for tax.

this one na you can’t eat your cake and have it.

dustydee:
I withdraw to my bank card and as at last week it was still working with 1% fee. It is instant as well.

Ok. This is fine. I guess we can just stick to that. 1% fee for security is far far better than that extra money we make from p2p. Make person no go prison for something wey you no do. If not that binance actually has those transactions records, am sure our brother story for different. Make we just thank God for am.

Thanks for the update.

dustydee:
Wow, an I just used the binance p2p to my UK bank since p2p to naira has been disabled. I hope no one comes after me because I hate wahala. I will just use the direct deposit to my account from Binance instead of p2p for my own peace of mind. Thanks for sharing.

Abeg if you try the direct bank own and e work you let us know. I was using the direct deposit for naira then before they discontinued it. The difference is just small fraction. Atleast that one go better pass these whole wahala.

Also I go advice make you use UK bank wey de accept and sell crypto. I think sterling and Revolut are the two I know. I don’t think I have seen anything crypto on Monzo.

jimpix11:
After 3-4weeks of the trade, I received a letter from my bank that my account is on review. Also a letter came from the police inviting me for an interview regarding a money Laundering allegation. At the station, I was given a list of sellers on binance that reported my account to their bank. The report made was that I scammed them on a telegram investment group.

The only solution is to sell to ppl you know. selling for naira and exchanging to pounds may be another option but losses go dy.

F…. No way. I just read this. That’s serious. The thing don de fear me since cos person no know where the person wey de even send money to your account from see the money in the first place.

You must have felt it really hot. Thanks for sharing.

jimpix11:
I don resign from binance p2p. Wetin my eyes see no be small

The thing now na how person go take de sell. I really wish there is a shop here that gives cash in return for Bitcoin. E for just good for everybody.

Lexusgs430:
This would not work, your bank would plunge your account into unauthorised overdraft............

You think say u wise .............

Bros that thing de Pain. I no know the greed wey con enter people head again. You don buy market and pay, you con go your bank say you no buy market say na mistake.

@jimpix11:

Also what I have started doing recently is, after my trade and the money is sent to my account. I transfer it to another of my account where I do my personal buyings and payments. Sometimes I even transfer it from that account to my wife’s account to do the shopping with her card.

That way your bank will contact you and you people will be discussing without them placing a hold on the amount.

I started this pattern after one person did that thing to me and it almost cost me the DD payment to my school last year.

jimpix11:
@Lexusgs430

Really appreciate your advice and guidance regarding the issue with my bank. After 4months of dragging, ALL my funds have been returned.

For those trading on UK Binance P2P, trade carefully both with merchants and individuals. A merchant account and some other individual accounts tried to chargeback thousands of funds from my account after 3weeks of selling funds to them on Binance P2P. I think this merchant owns most or all of the other accounts.

Yeah. This is becoming more rampant. My advice is use banks that actually deal on crypto themself, so that it won’t be hard for your to tell them you actually transacted on binance and provide snapshot of the trade to the bank. Worst case the bank will tell you they don’t want to offer you their service again, but they will not play with your money.

I don’t want to mention any locations, but one particular location in the uk is known for this chargeback you talked about. I have been trying to think on how to settle this need of fund here. The P2P thing is becoming a nightmare.

My advice is whatever coin you intend to buy, buy when it’s low. There is this word in trading in general, it’s called FOMO (fear of missing out). It happens to most or all of us at one time. So a coin comes out, it starts to rise and everyone is buying and we decide to buy as well. Then after buying the coin drops and we are currently in a position very high (top of the mountain) as it is called. FOMO is something to try to avoid, tho difficult to avoid as it’s a tempting situation.

If you buy crypto before, you will probably understand the trading tactics I talked about but if you are new. My advice will be watch us do the trade and show you the result first before you start it.

One of the biggest rule in crypto is to buy early. That is to buy a coin when the price is low. To achieve this, you have to research for a coin and read about it. One app or site I use for this is CoinGecko. It’s an app I use to search for a particular coin and read up the coin “info”. So say I am on Instagram and I stumble on a coin. I go to read about the coin info. Then I look at the trading history of the coin and see what they have been doing in terms of growth.

Presently I have some few coins I am currently on that I believe will do something in the nearest future. This coins include Skyrim, Centrufuge (CFG), KLV and some other I can’t remember right now. This coins I believe have good future. CFG I bought on auction sale before the coin came out to exchanges (that’s a discussion for another day). I bought it at $0.32 or so. I think it’s currently dancing at $1. At some point I think it got to $1.5 or so.

NB: please don’t buy the coins I talked about, except you know them before and intended on buying them before. Some of the coins might not live to their expectations.

Generally getting a good coin from scratch is the aim and goal. But recently too many new coins, some with lies on their paper, some over hyped by the founders and some the head of the project loose interest and just dump the coins. This lead me to stop buying too many long term coins. A lot don’t leave up to expectation. Basically I have realized that coins that finds their way into top exchange like Binance and Coinbase, are the ones to skyrocket in prices.

Why do I love daily trading. Well simply because it reduces my own investment in a project. What I mean is, when I do a trade and make a profit, say maybe $500, now I can invest that profit in a project that I think might go far. So I dont have to take from my MTN salary or my Tesco Salary to buy any coin.

There are so many things to talk about in crypto. Basically I will be sharing my experience on how I started and where I am at present. A part I still have not concluded on is if I will be sharing a coin for people to buy. That I don’t know yet as it’s a risky thing to do. Some coins might not live up to expectation. But I can tell you that we can discuss on a coin and I will suggest an entry point (especially if it’s a daily trading coin).

The trading tactics i talked about on the uk thread is something I do and I do get something to hold my body and soul. Like someone rightly said, it doesn’t have any “ I can’t remember the grammar used”. Yes that person had a point.

Generally the best and less less stressful way to trade crypto is to search for a good project, then buy when it’s low and wait for it to grow. A list of coin I tried this with and made profit are Matic, Ada, and BNB.

Matic I first bought early last year at $0.7 I think and I sold a portion of it when it got to $2.5. Luckily later that week market crashed and it went back to 0.7, and I bought the half I sold back at 0.7 and used the remaining money to another coin which was low at that time. Same happens for Ada and for BNB I got at a low rate (I think $75) and sold when it got to $350. Then there was a market correction and it went back to $135 I think. I can’t remember correctly but I think it happened that way.

Now things are changing, too many coins coming out daily. Some with good white paper and use case, but they don’t get to see the day any more. Actually too many coins offering same or similar services, so what happens now is a coins comes out you expect it to go high and it’s either it goes so high and drop so low or it takes time to even go high.

@mizGene

We are here. REJNR offered us a spot here to join his work.

hustla:
Hello bro

What to start with

How To know when to buy and sell etc

Generally the best time to buy a coin is when the coin is low. Buy low I mean when it’s red and -%. That’s the best time. But for coins on this daily trade. The pattern I describe, it is coins that are actually on top gainers list. I was planning on doing a life trade yesterday but was caught up with some child stuff to register and all that. Today I have someone coming over to fix what I bought from their company that is not working properly. Let’s see when the person leaves. I will do a trade and drop snaps of how the trade is going. When I entered and when I intend to come out. When even when Intend to enter.

@ Maturedhustler

So today I did registration for my son for school, it opened yesterday I think and amongst other rules, its on first come first serve basis. Tho this was for our league (3-4yrs olds). I don’t know what it’s like for your 10yrs old boy, but you might want to check and see.

One thing I know for sure is it requires a house address which you don’t have at the moment, but I think looking at the informations and requirement won’t be a bad idea. Atleast you go know the first things to do once you have your own apartment. For kids deadline is February.

Like I said I don’t know what applies for your 10yrs old. But I know the Renfrewshire you are eyeing is a hot cake area for school and might be a hard to get place too.

Best of luck.

Aprokodaughter:
Una just they repeat what people have said already since last night.

The thing is as you de reason the matter your body go de do you one kind. Especially if you have travelled that roads before.

I am just surprised that with all the plenty writings, nobody don tell our brother say with this new daily covid variants say lock down fit happen.

If lockdown happen, then you go know say this UK far from home well well. Bros need to save more than he spends. as a man you no go happy to see your children hungry. That thing de cause mental breakdown (kolo-mental). I still get one man picture for my head. He could not provide for his family during the lockdown, he was looking like a ghost, absent minded even when he was being interviewed. Na then I know say family no b play ooo. Raising one requires a lot.

@hustla

We can talk Crypto here. What do you want to know, I can answer and share more here.

@ Maturedhustler

Welcome to Glasgow. Me I am just 1year old for UK, the other people you tagged will give better advice. Na if you de find where to buy and get good stuff I can help . Also I still de 2yrs and 3yrs arena. We never pro reach 17yrs. Last last na you go advice us when we reach that side.

Yes renfrewshire has good schools. But that area houses cost small (that’s clarkson side them), but East Kilbride no too cost and you should get a better apartment for your family size. If car is in your plans then get apartment in East Kilbride and they can school in that clarkson side, na just one roundabout and probably 10mins drive and they are in school. If na bus them go pay differently and e go con de turn money even with student pass.

For the small small questions I can answer, big questions you go wait for pro max them to answer.

Once again welcome to Glasgow and I am sure you will love it here. It’s a wee nice city.

Ehen for work since you can bake, while on isolation learn how to do some Scottish bakes like scorn and some of their rolls too. Then check indeed for bakers job. E plenty for Glasgow.

justwise:
You don’t need to create another thread in any section as there are loads of it already in investment section and I think business as well.

Travel section is the wrong section for such thread

After this post I had to search for the threads and I saw one created hours ago by REJNR. I asked if we could join to add our discussion and possible share some trading tactics. And the handle said we can proceed. So I guess we can join on the thread and start or continue our talks about crypto on there.

https://www.nairaland.com/6924261/advice-people-wants-start-digital#109088892

Blessings…

REJNR:
proceed

Aii. Thanks. I will share the thread.

REJNR:
Let me know what you guys think below

Hi, we wanted to create a crypto thread to talk about daily trading tactics to help students who are currently in the UK (or anywhere else) but I just saw your thread and I noticed it was nearly created. Do you mind if we join you on here and we all add our one and two cents to help our Nigerian community worldwide?

Also do you mind another person taking up a live trade and adding photos and all that?

Regards

donklint86:
Thanks once more my brother. This info/strategy will definitely go a long way in shaping my trading going forward.

A crypto thread headed by great minds like yours will definitely help many of us here with a need for extra income. One love!

I believe there are people on here who can add and make this strategy more productive for us all. Hustla has promised to create a thread for us all to share our idea.

Our Nigerian community abroad are not doing so well and we have to be honest, we need help. I don’t see any reason why you and I can’t share what we do to make something on the side provided it is LEGAL and not against any country laws. We have to help each other for us to grow as a community. When you travel abroad you will hide your face in shame or probably not mention where you are from. We can change that. In fact we are changing that already.

Nigerias contribution to the crypto community has grown. We are ranked 6th out of 20 countries contributing and involving in crypto worldwide. I believe someday we will drop our other involvement on internet activities and focus on the crypto since no one gets hurt technically.

God help us.

AirBay:
All those 9ja guys on (uk) binance p2p chai....Careful when dealing with them....if you're not dealing big amounts sha, you're good to go.

The p2p thing self I no too de confortable with am. I prefer the direct purchase and sell from binance before using that Nigerian bank then. Watin be the name of that bank self. Atleast na small fraction difference and no fear of where the account must have been used for. Na just the only fear. But in other country like Ukraine and India, you go see shops wey go buy the coin from you and give you cash.

AirBay:
All those 9ja guys on (uk) binance p2p chai....Careful when dealing with them....if you're not dealing big amounts sha, you're good to go.

Hehehe. Don’t say that about our brothers. But I de be careful pass careful self. Hehehehehe

hustla:
Nice analysis

Ill create a thread and then tag you

Cool boss. We will post the link here and on student thread too. Trust me there are lots of Nigerians who are trading here in the uk. When you try to use p2p on binance you will see them. I have had transaction with some. I believe they are here on nairaland.

There was a guy in 2019 who talked about crypto on the student thread, there were some kind of attacks and I noticed he didn’t reply again. I was just observing then as I know it’s always a big conversation.

DisGuy:
PS

There are several crypto threads on Nairaland and opening a new one is always an option.

_{Just in case this discussion gets deeper than the usual tidbits}

Cool. When I checked for a thread there was none, tho that was a very long time ago. Also you have good foresight, I am just beginning to learn that no conversation can be short on nairaland.

tshoboy:
Thanks for this tip.

Can this strategy also work on Binance and can one use a UK card on gate.io?

Well to be honest, my binance account is for long term coins, I don’t think it has all that extra features. It’s gainers list is small and doesn’t show much coin. I know people who do the trade on kucoin as it has similar pattern and more coins too like gate.io.

I have never used my card to buy anything crypto as most banks are not okay with it. What I did was to transfer USDT from binance to gate. Most people have their main account to be binance because they are I will say a little better secure than other exchange. To buy USDT you can use binance p2p and buy from our fellow Nigerians. That one you send naira to their account and they release your coins. Binance will monitor the sale process for both party.

I won’t advice you or anyone to buy crypto with their card.

You can check YouTube to see how p2p on binance works.

fopishow:
The student trading you have referred to is nothing else but a gamble with Zero fundamental or technical analysis. There's this popular say: time in the market is > timing the market. It's hard to time the market.

Proper research in coins with solid fundamentals and prospects are much better on the long run especially in Crypto. This way you are able to sleep at night.

I don’t know where to start to reply from. Yes you are right about it being a gamble if you call it that. crypto requires lots of skill. Not something of one message. It’s a full process. I have long term coins with proper research and coins with good use cases. They don’t move rapidly, they move gradually. I also flip coins when I observe the guys heading the contract are losing focus or dabbling into another project. Crypto is a long walk. If you read my first post you will see where I wrote about learning charts, graphs and line. This is just a start up message.

What I have written here is what people with the knowledge use to purchase the long term coins in questions. Trading generally is risky (any form of trading crypto or stock). And the technical analysis you talked about fails too if we are being honest. I have only shared a part which will follow up with other things as discussion go on.

I have been in crypto for some time now and I will tell you even the properly research coins pack up too. The guys heading the contract might lose interest or focus on other project, the whole paper of the token can be all lies or hype. There’s a lot involved.

The aim of the talk is to let our people know the things we do on the side to help ourself. This is what I do and I have shared, if it makes sense to anyone, then he or she can look into it. If you have an option for our people to do to assist while schooling instead of the long hours job that affects their academics, then please share. Thats what we are trying to help ourself with.

Or if you have a better way for anyone to go about the crypto trading then share as well. We are all here to learn.