The fact is not about which one is made from America or China, but which one is open source and which one that gives more freedom like connecting the hardware wallet to open source software wallet like Passport or Electrum. It is advisable and highly recommended not to use close source wallet but use an open source one like Passport.

I noticed on Kucoin that it is a multisig wallet. Multisig wallet addresses will have higher transaction fees if compared with single signature wallet. This can make the exchange to increase the minimum deposit because the fee required to process the withdrawal will be higher also. But this should not be the reason for the high increase in minimum deposit. Exchanges like Binance has a minimum deposit of just 1 sat while other exchanges deposit are higher than that but still much more lower than on OKX. Kucoin is 0.0002 BTC or so while the deposit limit on Bybit is still lower than that. But what that is very important is that we should know that the exchanges are not ours and we are not in full control of our money, we should read the minimum deposit requirements before sending money to the exchange.

Not that most exchanges increase it but most of them do not reduce the minimum deposit as bitcoin increases in price. Example is OKX that its minimum deposit for bitcoin is 0.0005 BTC. You can easily deposit $30 when bitcoin was $30000 as that is 0.001 BTC at the time. But when bitcoin is now $66000, that is 0.00045 BTC. Some people are making such mistake and deposit using naira or dollar estimate and forgot the minimum deposit is in BTC and not fiat. They would have lost their money before they will remember. These kind of exchanges with high minimum deposit are scamming people. It is good to always check the minimum deposit before sending money to the exchange.

Nigerian Binance users can not access Binance through the website, but also they can not access other exchanges through their websites. These exchanges can be accessed through the mobile app and Binance included.

The only difference that Binance has is that it removed all naira trading pairs while other foreign exchanges that have P2P still have P2P trading for naira. Binance removed the P2P for Nigerians not to be able to have access to it.

You can still trade on Binance. Binance only remove the P2P trading for Nigerians but aside the P2P, you can still use Binance for spot and future trading and for some other things.

Fiat are centralized and we all know that. But there are coins that are decentralized and that you can use privately. Example is bitcoin if you learn about it. Another example is monero. You can just see them as alternatives but which can not fully replace fiat. We are in the world that the governments want to know our online activities, especially pertaining to money. It is not avoidable but can be reduced. I do not care if the government see the part of me that I want them to see, but having other part which is private.

RAM for Random Access Memory? Or what RAM are you referring to?

Random access memory is used for another thing and not a CPU, GPU or an ASIC. Only what that can be used to mine bitcoin is ASIC and not the old ones that are generating little hashrates.

I read last month that it is possible for PMS (petrol) price to reduce this month if the refinery in Port Harcourt is fully functional. This month has just started and we are looking forward for good news about this.

Today, I have just read that Dangote refinery is now selling AGO (diesel) as diesel price plummeted. Diesel sold at ₦1900 in few weeks back but mostly selling between ₦1600 and 1700 per liter. But as Dangote refinery begin diesel sales, it started selling it at N1225.per litre.

If the price of PMS and AGO starts to decrease, it is possible for default to occur as the price of goods and services may start decreasing. But other areas like increase in minimum wage and others also still need to be considered which can make me not to be accurately correct but I think that the price if goods and services may reduce.

Even in family, the poor are voiceless unlike the rich ones among. That is life. In the hierarchy, the politicians in power at the top, followed by the rich people, followed by the average people and lastly below the pyramid are the commoners and followed by the poor. This is not just in Nigeria but all over the world.

I still always argue this, that Nigeria has become a good democratic nation. Although, our leaders may not know much about economy and how to lead us up to a standard to compete with well developed countries.

Titanium or stainless steel or steel or any good metallic storage is also not 100% safe because flood can move the storage from your location you store the backup to a very far place like a place that another person will be the one to see it on maybe the flood can move it to a river a place that people can not get to it. Also the disaster can be worse like earthquake that destroyed a building in a way that nothing can be seen again.

Some pro traders may prefer to use more than 1 chart at the same time. Example is having BTC pair, ETH, pair, BNB pair and SOL pair which are four charts at ones on a chart page. This is not possible on a mobile device. You can edit the chart preference to your own than how it is on mobile devices. But for mobile users, they may feel inconvenient while using only phone but for a trader that has been using computer to tade before, they will see many reasons not to use phone. But someone that uses phone often and for starting may also find it difficult to use computer.

Dollar increased to almost 1900 naira and the price of goods and services also increased. Dollar fell from almost 1900 naira to 1260 naira and you said dollar is still at high price after 1.5 times that naira increased if compared with the dollar. You later said goods can be costly as usual and you gave reasons and also said it may not calm but continue to be costly and also said it will calm which is contradictory. Which one are you saying? If Naira increases in value more and things are more expensive, what is your gain or how is it good for the country?

He minimize the seed phrase. People should not believe in memorizing. It can fail. But you also posted that he has the seed phrase on his Gmail. If not strong passphrase is used and if a hacker see the seed phrase, there is possibility to brute force the passphrase. Online backup like Gmail and others are not safe. I will prefer to just have everything offline, like two or three backups in different locations.

The manufacturers are using diesel for manufacturing. Also that the price of the raw materials used for manufacturing could have gone up. So if diesel and the raw materials used for the manufacturing have gone up, you should expect increase in the cost of the goods manufactured.

Accessing the exchanges through the mobile app does not means you avoided phishing attacks. The main reason for phishing attack is that the attacker got hold of your email or other personal details about you. This can be through airdrops or anywhere you submit your email or that you get verified.

Both are good, depending on how you want it. But according to what you quoted, it only just means that Electrum version 2.0, that you can only sweep and will not be able to import the private key. In higher versions, you can import the private key. Since I know Electrum in 2020, I can import private key.

The safety of you wallet depends on you in this regard.

All IP addresses from Nigeria can not access the exchanges websites. Which means if you enter the URL link into a mobile or an online browser, you will only get an error. You are using app to access the site which makes you think that the website of the exchanges are also available for Nigerians to use but that is no true. People that are using the mobile app can still use IP address to access the exchange.

If it is 2-of-10 multisig. 2 keys are needs to sign before you can be able to broadcast transaction, while the remaining are needed to setup your wallet. It can not become 2-of-9. You need all the 10 keys for wallet recovery.

There is nothing much to add because you are correct. Bitcoin long term prediction is easy to analyse and more accurate than short term. Short term prediction is used by traders but trading is very risky. For holders, long term prediction is better. But if you bought bitcoin and the price started to decrease, it is not advisable to sell your coins at the time if you can hold it long term. Bitcoin will still get to all-time-high and I also think that bitcoin will get to $150000 or more.

If you make findings to know if the site is a scam, you will know that it likely a scam. Avoid that site. Any money sent to their address is gone.

I do not think the price is even updating on the site. I have just taken this screenshot on the site when I went to their trading section. When bitcoin is over $70000 as of now, the site displayed $29156.39.



It is a scam site.

If you copied and pasted it, likely that is the reason you posted it fast. Include the link next time and not just try to plagiarize.