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'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' - Business (10) - Nairaland

Nairaland ForumNairaland GeneralBusiness'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' (43953 Views)

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Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by mekus1011(m): 10:07pm On Feb 21, 2024
$1 is now selling on binance for around #1500 dollar has started crashing there...

Just in..
Government just banned binance and some other cypto companies in Nigeria!
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Seunpapa65: 10:14pm On Feb 21, 2024
NOwazobia:
Trust wallet is not Custodial.


The OP don't even understand the term he used.
Sorry Coinbase
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by UyaiIncomparabl(f): 10:16pm On Feb 21, 2024
Kennyswag:
shutup and answer her because all the people i know into crypto are yahoo boys.
Another slow dumbo. grin
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by oga028315: 10:24pm On Feb 21, 2024
Immanuel3:
Joke
Check front page, they've started
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by CuteNbad(m): 10:47pm On Feb 21, 2024
mrvitalis:
They don't
so why will they engage in an unprofitable venture...can you clarify please
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by GreaterFuture(m): 11:07pm On Feb 21, 2024
rayopt:
No source. Nothing. Few comments and boom it is already in front page. Lol
The person posting it is even a moderator too...

Maybe He has some strong insider's Intel and that's why he said so...
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Globad(f): 11:07pm On Feb 21, 2024
twosquare:
. By 2030, the world's financial system will run on crypto technology: blockchain. God spares our lives; I will remind you then.

By then, you will mind them.
Hehehehehe

In the next five or six years, right?

Crypto currency like Bitcoin or CBDC?
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by fof1: 11:24pm On Feb 21, 2024
EreluRoz:
grin

Do you people actually make money from this crypto true true?

I don't even take anyone into this crypto thing seriously, it's same as betnaija gambling to me and if not why is it only men that do the crypto thing and the very few women involved are tomboy?
What you don't really know and understand is Greater than you. CRYPTO is Not Betnaija...
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Silentgroper(m): 11:24pm On Feb 21, 2024
EreluRoz:
grin

Do you people actually make money from this crypto true true?

I don't even take anyone into this crypto thing seriously, it's same as betnaija gambling to me and if not why is it only men that do the crypto thing and the very few women involved are tomboy?
Since you're eating fat from Daddy's money, how would you know what crypto is all about.

You don ever hustle before??
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Silentgroper(m): 11:33pm On Feb 21, 2024
EreluRoz:
Up Yahoo gang you mean? Kikikikiki
trading crypto is more or less like trading forex ..


It's not a yahoo thing
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Silentgroper(m): 11:35pm On Feb 21, 2024
mariahAngel:
Why politician?
Are crypto traders not better than those thieves? undecided
easy .. her dad is one..
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by RaptorX: 11:51pm On Feb 21, 2024
Adammamon:
This binance news nii, and so btc is fluctuating, it trade mostly at 50k today from 52. Any advice bro?
Swap after midnight Saturday to midnight Sunday.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Johnjustice: 12:03am On Feb 22, 2024
These crypto aids hoarding of dollars, the individuals doing it don't make so much profit, but collectively it hurts our currency.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by babzo(m): 12:26am On Feb 22, 2024
mekus1011:
$1 is now selling on binance for around #1500 dollar has started crashing there...

Just in..
Government just banned binance and some other cypto companies in Nigeria!
1500? Are you sure I can buy dollar at 1500? Do you have to sell?
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by GreaterFuture(m): 12:32am On Feb 22, 2024
Oritna94:
Wow, no shaking. I use Binance just to do P2P. My main coins are in a hard wallet. I hammered with crypto in 2021. Hence my ability to Japa with the funds made. I thank God the day I learnt how to trade in crypto....
In what area exactly did you Hammer?

You still trade till today? Which ones?
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Stevengold(m): 2:02am On Feb 22, 2024
EreluRoz:
grin

Do you people actually make money from this crypto true true?

I don't even take anyone into this crypto thing seriously, it's same as betnaija gambling to me and if not why is it only men that do the crypto thing and the very few women involved are tomboy?
Made my first 5 million with crypto currency, it's good people like you don't understand it sha. Make una no cast am.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Stevengold(m): 2:17am On Feb 22, 2024
Lifestone:
How much have you ever made from crypto. Who is a billionaire in Nigeria from crypto. Dey deceive yourself
😂 So they should come out with microphone to announce that they make billions from Crypto.
Ask Elon Musk if he has investments in crypto.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Tope2024: 2:39am On Feb 22, 2024
EreluRoz:
grin

Do you people actually make money from this crypto true true?

I don't even take anyone into this crypto thing seriously, it's same as betnaija gambling to me and if not why is it only men that do the crypto thing and the very few women involved are tomboy?
you made me laugh.do you think we are liars?
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:43am On Feb 22, 2024
nlfpmod:
Cryptonian
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:47am On Feb 22, 2024
ivolt:
Only neophytes will repatriate their funds to Naira out of fear.
In fact, a person can hold and spend crypto without touching the Naira.

The experienced people understand that those making the policy are crypto illiterate.
That explains their policy summersault.
https://www.premiumtimesng.com/business/business-news/653606-cbn-lifts-ban-on-cryptocurrency-transactions.html#:~:text=The%20CBN%20announced%20the%20reversal,manage%20cryptocurrency%20to%20avoid%20misuse.

Not even the tech savyy and surveillance Chinese state could stop its citizens from holding crypto.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:47am On Feb 22, 2024
THEPACIFIST:
I think you meant a non-custodial wallet, not a custodial wallet.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:47am On Feb 22, 2024
mekus1011:
$1 is now selling on binance for around #1500 dollar has started crashing there...

Just in..
Government just banned binance and some other cypto companies in Nigeria!
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by pargelenis(m): 3:51am On Feb 22, 2024
Fire on the mountain … run run run
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:52am On Feb 22, 2024
Killermamba:
I made a lot of money on trading crypto, since tinubu spoil naira I have been making side money of 10-15k everyday from trading crypto. Mind you that is my target the guy that thought me makes close to a million daily
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:55am On Feb 22, 2024
ivolt:
So, the CBN governor didn't know what he was doing when he lifted the crypto ban.

https://www.premiumtimesng.com/business/business-news/653606-cbn-lifts-ban-on-cryptocurrency-transactions.html#:~:text=The%20CBN%20announced%20the%20reversal,manage%20cryptocurrency%20to%20avoid%20misuse.


This advice is pointless.
The government can only block crypto websites, it cannot take possession of the coins.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:00am On Feb 22, 2024
Fryx:
I have moved my crypto from Binance a long time ago given their semblance to FTX.

But Luno that I am using just disable USDT transactions.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:07am On Feb 22, 2024
ivolt:
If you think they can, then you don't understand how crypto works.
You think the CBN will write to Binance, hey Binance, give me
all the crypto belonging to Nigerians and Binance will say, take it all my lord.

As what exactly?
The worst that can happen is a ban which will be meaningless to crypto savvy folks.

If you disagree, explain how the Nigeria government can seize crypto it does not own.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:11am On Feb 22, 2024
Bigkoko:
We are available in East Africa if you need a safe place to keep your assets!

Economic Armageddon is coming to digital assets in Nigeria!

Let me know if you want to deal!
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:12am On Feb 22, 2024
TheOldGods:
if he goes after them how, are their companies working from Nigeria. Lol, I remember when they thought they could get twitter to come to Nigeria. People still used VPN. This post is causing panic and it's fake. There is nothing Nigerian government can do about crypto. If dem block am, we use VPN. Case closed
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by kellybently(m): 4:15am On Feb 22, 2024
thesolutions:
Fire brigade and threat won't solve anything.
I advised long ago for the government to create it own token/wallet that can appreciate over time but they refuse.
Now dollar is rising like crypto.
Is working already see current rate of 10 mins ago

Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:17am On Feb 22, 2024
lanre316:
They actually can. Don't underestimate the power of the government. They could
- ban binance website and app from opening in Nigeria, like they did Twitter some years. Forget using VPN, Binance will ban you straight.
- They could request KYC details of Binance users and go after them via BVN. Remember Binance has office in Abuja and they are willing to cooperate with the government.
-They could track the phone numbers used to operate OTP on binance and go after them via BVN.

etc etc.

Just pray that the government doesn't go full force against Binance users in Nigeria. Don't forget how the US government dealt seriously with the CEO of Binance
Well said.
Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:36am On Feb 22, 2024
Osanoghodua1:
Opp, no need to move to non-custodial so fast especially ERC20 tokens that are on Mainet. Withdrawal charges are high, we will look for a way over it. Don't panic.
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