₦airaland Forum

One can always compare the two because they are both android. With the way TECNO is moving, Samsung must not sleep.

saintopus:
People like to talk what don't know. How can someone compare SAMSUNG to TECNO. The person well so?

Kudos to Akay Mason for the wonderful work. TECNO is doing perfectly well in terms of the production of their devices

I really feel for Beauty. I wish her the best in her future endeavors

On the 4th of August, 2022, I discussed what KYC in Crypto mean, what the Crypto KYC process looks like and what Cryptocurrency transaction monitoring is all about.

Today, I shall be discussing the benefits of Crypto KYC.

Despite any operational changes and challenges associated with KYC regulations, cryptocurrency exchanges stand to benefit significantly from regulatory compliance, including the following:

1.Increased transparency and trust among customers:Verifying user identities benefits transparency and customer trust. When users feel confident that their cryptocurrency exchange is taking proactive and preventive measures to protect their accounts, they are more likely to continue using their service.
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2.Money laundering and other scams are less likely to occur:Criminals laundered $8.6 billion in cryptocurrency in 2021, a 30% increase over the previous year, according to a 2022 report from the leading blockchain analytics company Chainalysis. Vigorous identity verification can significantly reduce fraudulent activity and improve market reputation.
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3.Reduced legal risk: As legal expectations evolve, implementing robust KYC policies allows businesses to stay ahead of the curve — rather than chasing after new regulations, they can focus on increasing conversion rates, streamlining transactions, and ensuring compliant transactions as international guidelines evolve. Businesses can mitigate their risk of legal challenges or regulatory penalties by demonstrating KYC due diligence.

4.Increased market stability:The cryptocurrency market is notoriously volatile due to anonymous transactions that may be suspicious. KYC programs that feature increased identity verification contribute to the market’s overall stability and value growth.

Which of the Crypto trading platforms with KYC do you use and how safe is the platform?

This Camon 19 Pro camera gives Quality Pictures. I think I will also need to try it out.

I have heard of Yellow Card and I am given it a try today by downloading the App.

AyodejiFelix:
Sign up with just your name, email address and phone number to get started. Then verify your identity, quickly and smoothly, to start trading - no bank account needed.

Buy bitcoin with multiple payment options based on your country of origin - card payments, mobile money (MoMo), instant EFT and bank transfer are just a few of the solutions available to you.

Visit www.yellowcard.io to get started

What does KYC in Crypto mean?
Know Your Customer (KYC) is the first anti-money laundering (AML) due diligence stage. When a financial institution (FI) onboards a new customer, KYC procedures are implemented to identify and verify the customer’s identity. These processes enable financial institutions to assess the customer’s risk profile based on their propensity for financial crime.

Now that cryptocurrency exchanges and wallet providers are regulated as financial institutions, they must integrate KYC processes into their AML programs.

KYC refers to the process that cryptocurrency exchanges must go through to:

1.Confirm their end users’ and customers’ personal information
2.Acquire a better understanding of the activities of their potential customers and verify their legality.
3.Determine the probability their customers pose money laundering risks.

What does the crypto KYC process look like?
To comply with KYC measures, cryptocurrency exchanges must take the following steps:

‍Step 1: Collect their customers’ personally identifiable information (PII), including their full name, place, date of birth, and address.‍
Step 2: Compare this information to their official government-issued identification, such as a passport or state-issued driver’s license, and proof of residence, such as a utility bill.
‍Step 3: Verify the customer’s identity against official databases that contain information on Politically Exposed Persons (PEP) and sanctioned individuals.
These steps assist financial institutions in determining the risk of money laundering and financial crime involving virtual currencies for each client. If everything checks out, the customer is permitted to engage in certain activities on the cryptocurrency exchange.

What is cryptocurrency transaction monitoring?
A cryptocurrency transaction monitoring system aids crypto exchanges, and FIs identify unusual or suspicious activity that they must report to regulatory authorities and assists law enforcement in tracking criminals. Transaction monitoring observes the risk associated with a cryptocurrency wallet. Virtual asset exchanges use tools provided by companies like Chainalysis, Elliptic, Crystal Blockchain, Coinfirm, etc.

Have you ever traded on Crypto Exchange platform that uses KYC ?

Reference : Notabene Crypto Travel Rule 101

This year housemates look beautiful and Handsome. Patiently waiting for TECNO task for them

Nigerians must try their best to send APC parking come 2023. Enough of this . May God help us. This would have been the best time to buy Cryptocurrencies

TECNO should keep the fire burning. I am still yet to understand why BBN decided to separate house mates this year

1.Cloud multiplier scams

Fraudsters sometimes contact victims by email or text with an “investment opportunity”. They promise to give investors double or triple the amount they have put into bitcoin if they send their cryptocurrency to a particular digital wallet.

REMEMBER: Offers of free money should always be viewed with great scepticism

2.Pump and dump

Criminals can easily inflate or deflate the price of very small or unknown cryptocurrencies, sometimes sending the value of these currencies skyrocketing.

Sometimes criminals will own a lot of a particular cryptocurrency (through pre-mining much of it before it is available to the general public).

When unwitting traders rush in to try and grab a piece of the action, the criminals wait for the price to increase before selling all their coins and causing the price to crash.

They can pump up the price by promoting it on social media, before selling it at the higher price.

3.Malicious wallet software

The best crypto tips will tell you to stick with big name crypto wallets, such as Ledger, Trezor, Exodus or MetaMask.

Dodgy or unknown wallets that you find on Google Play or the App Store can steal your crypto funds with dodgy code.

4.Fake coins
With so many cryptocurrencies on the market, it can be difficult to tell what’s real and what’s not.

When you invest in fake coins, criminals can steal your identity and often your hard-earned money.

Don’t take anyone else’s word for it and use as many sources as possible to do your own research on coins before you buy them. Trade your Bitcoin, USDT and other coins on a well known and trusted Platforms like Yellowcard, Binance, Coinbase etc.

Beware!

Phantom X caught my attention. Tecno has been manufacturing great devices

I have never regretted trading on Yellow Card. The platform is so cool for my liking

Ezlynn:
This is enlightening, I got to know what WGMI stands for when I started trading on yellowcard.

Camon 19 is never a trash. Those of us who have been using TECNO devices will never agree to this your unsubstantiated claim about TECNO.

Get one and you will never regret

YourFavorite21:
I can't waste my money on such trash.

This is amazing. I will buy some on Yellow Card as well.

AyodejiFelix:
I bought USDT on yellow Card two days ago at the rate of 632# and I sold it today at the rate of #655 naira.

There is a lot of jargon out there in crypto land and often it can be difficult to decipher.

Use this helpful list to make the most of the best crypto tips and dodge common cryptocurrency mistakes that could blow up your trading account.

1.Altcoin: a portmanteau of “alternative” and “coin”, altcoin refers to any cryptocurrency other than the original one, bitcoin.

2.Cryptocurrency exchanges: just like regular stock exchanges, the likes of Yellow Card, Coinbase, Binance, Gemini and Bitstamp allow traders and investors to buy and sell — except that here they are trading cryptocurrencies. Unlike standard stock markets, cryptocurrency exchanges are online-only and are open 24 hours a day, seven days a week.

3.Limits: most exchanges do not set limits or restrictions on the number of cryptocurrency trades their users can make in a day. On turbulent trading days, when cryptocurrency prices are moving up or down very quickly, some brokers may put a short-term halt on people depositing funds on their platforms.

4.Market cap: the total value of a cryptocurrency. It’s calculated by multiplying the price of a cryptocurrency by the total number of its coins in circulation. It’s a useful measure for comparing the total value or size of different cryptocurrencies.

5.Shorting: “shorting” cryptocurrency means betting on the price going down rather than up.

6.Forks: a cryptocurrency fork is a split in a blockchain where two separate blockchains are created. This is sometimes because of a disagreement between developers as to how the blockchain should be organised. In 2017, bitcoin forked into two separate blockchains: bitcoin and bitcoin cash.

7.ICO: this is an initial coin offering where new cryptos are sold to investors for the first time. It’s similar to an initial public offering (IPO) in the stocks and shares world.

8.Margin trading: when platforms talk about margin trading, they mean investors borrow money to increase their bet on a cryptocurrency. Be very careful, though, because margin trading can dramatically exacerbate losses if a trade doesn’t go your way.

9.Fiat: a fiat currency is one that is backed by a sovereign government. For instance, sterling, US dollars or Indian rupees.

10.Cloud mining: People can “mine”, or create, cryptocurrencies to compete for rewards in the form of newly minted crypto. Cloud mining uses remote data centres with shared processing power, like the kind that powers Google software, to pool resources and cut the cost of mining.

What are the other crypto lingo that you know? And which of the Cryptocurrency Exchangers do you use?

Let me have your Comments

Gone are those days. The next titan is a big show now.

I have also heard of this Yellow Card but I haven't given the platform a try. A friend once recommended it.

OladapoF:
Don't invest money that you Cannot afford to lose in Cryptocurrencies. But all thanks to God that I haven't made any regret trading on Yellow Card.

What a beautiful review! TECNO has always been consistent in given the best.

I do use Yellow Card as well. I hope they introduce p2p soon as well

OladapoF:
Thank you for this article. I love trading p2p on Binance. I hope Yellow Card will also introduce it

It's high time I patronised Sonia Foods Industries Limited. They are doing well.

Thank you for this wonderful information. Yellow Card caught my attention and I think I will need to give it a try again now that their app has been updated

This is the type of program that needs to be encouraged in our Nation. I hope the Nigerian Youths will utilize this opportunity

This is so apt. I remain Fomo and Yellow Crypto Bro.

No lies. I used Binance and YELLOWCARD as well. They are amazing Platforms

OladapoF:
Yellow Card is the safest and best way to buy, sell and store Bitcoin in Africa.
Sign up with just your name, email address and phone number to start buying and selling Bitcoin on www.YellowCard.io . No bank account is required to start trading.

Thank you these pieces of advice. I use YELLOWCARD and Binance as my trading platforms and I have never regretted using them

I have once pay for clothes at a boutique using Bitcoin in my YELLOWCARD wallet. With time, Nigerian Universities will be accepting it as well

Thank you for these tips. I will always use YELLOWCARD.

The two devices are amazing but I will always go for TECNO Camon 19 pro because TECNO has never disappointed me ever since I've been using it.

It's Not all transsion phones that do hang.I have always used TECNO devices and they have never given me any Issue. When buying transsion phone, do well to always go for the one with amazing features especially RAM and ROM

queenemelda:
I am not badmouthing transsion. They make cheap and affordable phones. They make more sales than other phone brands in Nigeria. They can easily be found and their spare parts are always available. But why do transsion phones always hang? And the camera gets bad after a few months. I have even seen a brand new infinix smart 5 and hot 10i hanging. A samsung, pixel, lg, oppo, xiaomi phone can be using the same RAM with a transsion device, but it won't hang. A pixel or samsung with 12mp will take way better photos than a transsion of 64mp. I am just surprised. And its not a matter of mediatek, because samsung and xiaomi use mediatek too. Do the manufacturers do it on purpose or what?

You have to grant whatsapp the permission to access your contact

abumoney:
Good morning,Tech experts,
I recently got a Tecno spark 8c that runs on Android 11. I noticed my WhatsApp doesn't show contacts.
Pls, how do I go about it?

TECNO has been performing excellently well as a Brand. All the phones you listed here are Android devices and can tell you that TECNO is still the best

sunshineV:
Always compare tecno to infinix. Whenever i see a youtuber comparing tecno or infinix to redmi, samsung, oppo etc i won't even click. I go just scroll comot