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Author Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread.  (Read 554491 times)
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BIT-BENDER
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November 19, 2021, 07:00:30 PM
 #1901

Username: Emerejames
Country and state of resident: Nigeria/Abuja FCT
Developing Skills: me na bounty hunter i be ooooooo i still the learn for bitcointalk forum
and i de beg una wer be oga dem to show us the way

Welcome @Emerejames trust Abuja has been fair towards you, the forum no hard like that, but if you be the spamming levels type of bounty hunter then I go dey honest with you sey you go get plenty plenty lashing from the forum members, but my guy comot fear from your body you fit learn for the forum and begin to dey grow for the forum I believe say na your seriousness go talk for you.
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November 21, 2021, 01:09:15 PM
 #1902


I thought what resulted to the decline was the CBN, I do not think it is any face-to-face trading or something. But what do you people think about this, is it not dangerous if there is any trading platform which is encouraging face-to-face p2p trading? I am thinking this can be the beginning of people making (criminals that can elicit physical attack and harm) use of this means to know about Nigerians having bitcoin, visiting their homes, offices or where victims like visiting, to steal from them.

What did you people think about this? For me, I can never involve myself in face-to-face trade of bitcoin or other cryptocurrencies.

I won't be indulging in any F2F trades anytime soon. For now, it's just not safe enough to start attempting such trades since the risks far outweighs the benefits. Even if F2f model was to work, it can't be at a time like this when CBN has made it look like indulging in cryptocurrencies is illegal and defaulters should be arrested and prosecuted. I was recently arrested in a taxi on my way home just because they saw a crypto app on my phone. I wonder what would happen if they come in when one of these f2f trades are ongoing. Not safe.

If I can't use p2p platforms, I'll resort to selling directly to my friends and close contacts.

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November 21, 2021, 05:43:08 PM
 #1903

Other countries have imposed restrictions on crypto, but the way the CBN treats defaulters is something the youth should be aware of; people involved in crypto should not be treated as criminals; we live in a time when having a dating app or crypto wallet on your phone is a big risk; I hope your personal belongings were not taken?

F2f trading will not operate well in Nigeria due to the high degree of insecurity and lawless police; if a large sum of fiat is found on you while trying to execute f2f trade, you may be labeled a kidnapper.

I won't be indulging in any F2F trades anytime soon. For now, it's just not safe enough to start attempting such trades since the risks far outweighs the benefits. Even if F2f model was to work, it can't be at a time like this when CBN has made it look like indulging in cryptocurrencies is illegal and defaulters should be arrested and prosecuted. I was recently arrested in a taxi on my way home just because they saw a crypto app on my phone. I wonder what would happen if they come in when one of these f2f trades are ongoing. Not safe.

If I can't use p2p platforms, I'll resort to selling directly to my friends and close contacts.

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November 22, 2021, 12:53:35 AM
 #1904

After such experience how can I trust someone I don't know with my bitcoins and my life?
Especially in our dear country Nigeria where our government is making things very difficult for people, even some kind people wey nor dey run some kind matters before dun dey wan consider am sake of say hinger dey wire them.

If people sef even somehow manage start this F2F trading thing for this country, e dey possible say government go still carry their agents position for the matter, as you meet up to trade you crypto, them dun hold you be that, e dun be for you. E go better one day for our country sure sure.

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November 22, 2021, 04:48:25 AM
 #1905

I won't be indulging in any F2F trades anytime soon. For now, it's just not safe enough to start attempting such trades since the risks far outweighs the benefits.
Very big risk. How would buyers and sellers know they are not even dealing with the CBN informants directly face-to-face. Also how about kidnappers taking advantage of this? Although, naira (fiat) is used as ransom by Kidnappers so far in Nigeria.

If I can't use p2p platforms, I'll resort to selling directly to my friends and close contacts.
Probably the best option, trusted people. Some people are still making use of trusted buyers and sellers that they have known for long on p2p exchanges too.

I was recently arrested in a taxi on my way home just because they saw a crypto app on my phone. I wonder what would happen if they come in when one of these f2f trades are ongoing. Not safe.
Sorry about this. This is what exactly led to EndSARS protest in Nigeria, but Nigerian police have never changed. They like going for young people in good dress that are looking good, thinking he is a Yahoo boy. I hope you were easily set free, I will love to hear the gist.

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November 22, 2021, 11:45:45 AM
Last edit: November 22, 2021, 11:24:53 PM by SatoPrincess
 #1906

The way sars officials police arrest young people is for no reason is alarming. Just yesterday, w friend boarded a cab home on the way they were stopped by police. First he was accused as a yahoo boy, they searched his phone and found binance and trust wallet. They transferred his money from his trust wallet to an address. They couldn't transfer from binance because of 2FA. So guys stay woke! Crypto/forex trading us criminal in the eyes of Police. "They hate what they do not understand"

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November 22, 2021, 09:37:30 PM
 #1907

I want to order for ledger nano wallet from the ledger nano company directly, is it a good idea? I can see that they can ship the wallet to Nigeria in few days, the wallet is not expensive for me, I want to buy it. What I am fear of now are the custom not to seize the wallet because the cbn ban crypto in nigeria. Is it good idea to order for ledger nano when cbn ban bitcoin.
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November 22, 2021, 09:57:16 PM
 #1908

Have you look up Jumia? You can find some offline wallet there as well there was a link Charles-Tim posted on this thread about jumia selling those Leno and ledger but if the site offers shipping directly to Nigeria then e also make sense, don't worry about custom service I'm sure 98% of have not seen or know the use of it.

I want to order for ledger nano wallet from the ledger nano company directly, is it a good idea? I can see that they can ship the wallet to Nigeria in few days, the wallet is not expensive for me, I want to buy it. What I am fear of now are the custom not to seize the wallet because the cbn ban crypto in nigeria. Is it good idea to order for ledger nano when cbn ban bitcoin.

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November 23, 2021, 10:59:13 AM
Last edit: November 23, 2021, 01:50:41 PM by Charles-Tim
 #1909

What I am fear of now are the custom not to seize the wallet because the cbn ban crypto in nigeria. Is it good idea to order for ledger nano when cbn ban bitcoin.
You do not need to fear, CBN banned cryptocurrencies, not any arm of Nigerian government. The CBN ban are just restriction of direct transactions between cryptocurrencies and naira, it has nothing to do with importing hardware wallet into the country. On Ledger Nano official site, the custom clearance fee is not included, you will have to pay for that, but it would not not be much.

Buying directly from Ledger
Ledger Nano S on Jumia

Buying directly from the Ledger
Subtotal
₦28,446.31
Shipping (there is free shipping offer of buying Ledger Nano X or more than one Ledger Nano S)
₦8,196.39
Total
₦36,642.70
Excluding Custom fee (which was not expensive for the goods I have bought before)

The price on Jumia (also the price was as this expensive on konga)
₦77500

Have you look up Jumia? You can find some offline wallet there as well there was a link Charles-Tim posted on this thread about jumia selling those Leno and ledger but if the site offers shipping directly to Nigeria then e also make sense, don't worry about custom service I'm sure 98% of have not seen or know the use of it.
Also there was a link to konga.com, but I can not see any seller recently on konga selling any hardware wallet for now. The demand for it in Nigeria is very low on Nigerian stores, probably (maybe) Nigerians in need of one are ordering it online directly from the company. Also on Jumia only Trezor Model One and Ledger Nano S are available, but its the price is too expensive than to buy it directly from the company. It is also better to buy directly from Ledger.

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November 23, 2021, 01:18:07 PM
 #1910

Have you look up Jumia? You can find some offline wallet there as well there was a link Charles-Tim posted on this thread about jumia selling those Leno and ledger but if the site offers shipping directly to Nigeria then e also make sense, don't worry about custom service I'm sure 98% of have not seen or know the use of it.
Also there was a link to konga.com, but I can not see any seller recently on konga selling any hardware wallet for now. The demand for it in Nigeria is very low on Nigerian stores, probably (maybe) Nigerians in need of one are ordering it online directly from the company. Also on Jumia only Trezor Model One and Ledger Nano S are available, but its the price is too expensive than to buy it directly from the company. It is also better to buy directly from Ledger.
Have you considered the cost of shipping and the delivery duration? I think shipping from far away nations takes minimal 20-25 days to get it shipped to Lagos except you chooses to use Airshippment which is quite expensive. Have you ever seen a case where shipping fees are bigger than material carted?

Cold wallets usage in Nigeria is extremely low so I see reasons why most of the outlets don't sell it and the ones who were into it before are shifting attention to other products since the demand is low.

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November 23, 2021, 01:50:03 PM
Last edit: May 14, 2023, 05:10:51 PM by Charles-Tim
 #1911

Have you considered the cost of shipping and the delivery duration? I think shipping from far away nations takes minimal 20-25 days to get it shipped to Lagos except you chooses to use Airshippment which is quite expensive. Have you ever seen a case where shipping fees are bigger than material carted?
Yes, I considered the cost. If it is Ledger Nano, there are free shipping for most of their products as I explained above, while the shipping can be set to free but it will truly take longer weeks. If someone is in need of one urgently, the person will like go for the alternative means like buying from Jumia directly in Nigeria which may likely take days too depending on the state the person is reciding. But Ledger Nano S on Jumia is very expensive.

There is a common online store that is frequently used by Nigerians but based in US that always do have these kind of products. See how cheaper the price of Ledger Nano S is on the site including the shipping and the custom fee. For standard shipping, it is ₦7,410 which could take 5-9 business working days while you can still go for express shipping for ₦10,920.00. But it is clearly stated on the site that custom delay might occur whille shipping some items which is normal.


https://www.u-buy.com.ng/product/PEMSNA-ledger-nano-s-the-best-crypto-hardware-wallet-secure-and-manage-your-bitcoin-ethereum-erc20-and-many




Also check it on Amazon but excluding the custom fee, the price is very low.

https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46




I am not using this as a means of encouraging Nigerians to buy from the above sites as they are resellers but just to prove how the price of hardware wallet on Nigeria stores is too much expensive. I will prefer to buy directly from Ledger, prefer free shipping if I order Ledger Nano X, or two or more Ledger nano S. While I can still go for three Ledger Nano S with free shipping for -21% discount.

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November 24, 2021, 10:18:02 AM
 #1912

The way sars officials police arrest young people is for no reason is alarming. Just yesterday, w friend boarded a cab home on the way they were stopped by police. First he was accused as a yahoo boy, they searched his phone and found binance and trust wallet. They transferred his money from his trust wallet to an address. They couldn't transfer from binance because of 2FA. So guys stay woke! Crypto/forex trading us criminal in the eyes of Police. "They hate what they do not understand"
Did you know that the police are friends to of yahoo boys, I can not say all that I have seen for my account not to be investigated, the police are friends to yahoo. Nobody can just say they are informants when efcc is coming. If you do not know the way in Nigeria, the holy ones will suffer when police and the boys are drinking beer together. Have you seen a police before that stop their car because the boys are walking, they tell the boys why are you not with your car that are you going to this direction. The boys did not enter the car saying this is where I am going to pointed to somewhere in the front they all smiled together. But the one not yahoo will be suffered because he do not know the way.

Have you look up Jumia? You can find some offline wallet there as well there was a link Charles-Tim posted on this thread about jumia selling those Leno and ledger but if the site offers shipping directly to Nigeria then e also make sense, don't worry about custom service I'm sure 98% of have not seen or know the use of it.

I want to order for ledger nano wallet from the ledger nano company directly, is it a good idea? I can see that they can ship the wallet to Nigeria in few days, the wallet is not expensive for me, I want to buy it. What I am fear of now are the custom not to seize the wallet because the cbn ban crypto in nigeria. Is it good idea to order for ledger nano when cbn ban bitcoin.

Thank you

Have you considered the cost of shipping and the delivery duration? I think shipping from far away nations takes minimal 20-25 days to get it shipped to Lagos except you chooses to use Airshippment which is quite expensive. Have you ever seen a case where shipping fees are bigger than material carted?
Yes, I considered the cost. If it is Ledger Nano, there are free shipping for most of their products as I explained above, while the shipping can be set to free but it will truly take longer weeks. If someone is in need of one urgently, the person will like go for the alternative means like buying from Jumia directly in Nigeria which may likely take days too depending on the state the person is reciding. But Ledger Nano S on Jumia is very expensive.

There is a common online store that is frequently used by Nigerians but based in US that always do have these kind of products. See how cheaper the price of Ledger Nano S is on the site including the shipping and the custom fee. For standard shipping, it is ₦7,410 which could take 5-9 business working days while you can still go for express shipping for ₦10,920.00. But it is clearly stated on the site that custom delay might occur whille shipping some items which is normal.


https://www.u-buy.com.ng/product/PEMSNA-ledger-nano-s-the-best-crypto-hardware-wallet-secure-and-manage-your-bitcoin-ethereum-erc20-and-many




Also check it on Amazon but excluding the custom fee, the price is very low.

https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46




I am not using this as a means of encouraging Nigerians to buy from the above sites as they are resellers but just to prove how the price of hardware wallet on Nigeria stores is too much expensive. I will prefer to buy directly from Ledger, prefer free shipping if I order Ledger Nano X, or two or more Ledger nano S. While I can still go for three Ledger Nano S with free shipping for -21% discount.
Thank you

I will order from ledger directly but I am think that sites will be better, Jumia are thieves the price is almost more than double after all the fees are along it.
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November 25, 2021, 09:53:08 PM
 #1913

The way sars officials police arrest young people is for no reason is alarming. Just yesterday, w friend boarded a cab home on the way they were stopped by police. First he was accused as a yahoo boy, they searched his phone and found binance and trust wallet. They transferred his money from his trust wallet to an address. They couldn't transfer from binance because of 2FA. So guys stay woke! Crypto/forex trading us criminal in the eyes of Police. "They hate what they do not understand"
Please I go fall body for this matter, right now even if you show police your proof to be a crypto-currency enthusiast them no go let you go, them recently beat one of my guy blue black because him been no one show them him binance application, so as me dey go our activities make we carry caution on top our head, they just one get crypto-currency out of the way completely to the extent dem one see crypto-currency as part of cyber crime.
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November 26, 2021, 12:49:32 PM
 #1914



This might soon be the fate of Nigeria. We borrow ridiculous loans every year for projects that are not executed. We, citizens have come to see corruption as a normal way of life which is wrong. A thread on Twitter sometime ago was about each Nigeria is estimated to owe about 50,000 naira. I used to think its a joke but reading this article today I am having second thoughts

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Charles-Tim
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November 26, 2021, 02:44:30 PM
 #1915

This might soon be the fate of Nigeria.
This is just the fate of Nigeria, borders were closed, naira master card international monthly spending was reduced all the way from over $3000 to only $100 in this present government time until later that it was increased to $200. These are just few of the inconveniences, but, yet, high inflation that is resulting to reducing naira purchasing power as a result of naira declination in value. The country is not yet good with all the primitives and archaic idea from the government leaders after inconvenienting the citizens.

This is just the case to Nigeria, despite all the taxes collected now and its increasing value, yet the federal government has turned borrowing from foreign countries into a common practice. Some Nigerians will say 'e go better', okay, let us see how it would with lack of foresight in technology and country development.

Africans have all needed but prefer to be too much dependent on other continents, that is why they are the poorest continent. Presently, we are in the era of sapa in Nigeria.

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BIT-BENDER
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November 26, 2021, 05:17:29 PM
 #1916

This might soon be the fate of Nigeria. We borrow ridiculous loans every year for projects that are not executed. We, citizens have come to see corruption as a normal way of life which is wrong. A thread on Twitter sometime ago was about each Nigeria is estimated to owe about 50,000 naira. I used to think its a joke but reading this article today I am having second thoughts
E no go suprise me if it's happens, the Chinese Government no be philanthropist they are wise in business, and if na patience them get am very well when it comes to an investment.
The loans wey our government see a sey them dey collect from this chinese government would be repaid, and as for me no be by money, because the uses for the loan no get head, and many time them dey embezzle the whole funds, I really dey worried about the future outcome of the business our government and the Chinese Government they run.
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November 26, 2021, 07:44:52 PM
 #1917

and as for me no be by money, because the uses for the loan no get head, and many time them dey embezzle the whole funds
The increased means of taxing and increased tax as been a tool the government had deployed for servicing foreign debt.

Just that the money that supposed to be used for the development of Nigeria are used for servicing loan (not even only from China but also from other countries that Nigerian government borrowed from). Federal Republic of Nigerian government has increased taxes and still planning to look for more ways to tax citizens. Gas did not just increased in price, it was because the taxed that was subsidized (or not included before, but I do not know) has been added and people are paying it, even value added tax from service providers and the likes have increased. Also is another bill (PIB) which has been passed and signed by the president few months ago which is a means petrol price will be increase.

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Dbdhsgsgsvddv
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November 27, 2021, 07:03:47 AM
 #1918

Please I go fall body for this matter, right now even if you show police your proof to be a crypto-currency enthusiast them no go let you go, them recently beat one of my guy blue black because him been no one show them him binance application, so as me dey go our activities make we carry caution on top our head, they just one get crypto-currency out of the way completely to the extent dem one see crypto-currency as part of cyber crime.



In any where you are try to be friend to have power, police are yahoo guys friends. If you have been with the yahoo boys you will know how I am the right. I have the way I am doing it, I hide my crypto app now, you can not see it on my phone, it will take more investigation before they can see it, if they see it, I use pattern require to unlock before the app to know to them. My phone uses only password to unlike but the app to unhidden need only pattern. I can tell them I don't know the pattern again if I like, I do not use it for phone the reason.




This might soon be the fate of Nigeria. We borrow ridiculous loans every year for projects that are not executed. We, citizens have come to see corruption as a normal way of life which is wrong. A thread on Twitter sometime ago was about each Nigeria is estimated to owe about 50,000 naira. I used to think its a joke but reading this article today I am having second thoughts



Who cares,I don't care, a home is a place where some is and see comfort, I drop not bad if I have enough money and travel to a country with greener pasture, but a place that is not full of racist. If they tell you Nigeria can be good, it is a lie.


Africans have all needed but prefer to be too much dependent on other continents, that is why they are the poorest continent. Presently, we are in the era of sapa in Nigeria.


When they don't have brain, the ones that have brain are not like politics, if they like it they will be killed. Another election will be coming, the citizens will sell their right for just 5000 naira again.
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November 27, 2021, 09:05:01 PM
 #1919


You just better dey careful, even now sey them get apps to hide some content of your phone, infact this update is old, and police has been able to over come am, and again you know sey there is something called under duress, na wetin them fit fall on top your body, a police man can take you to the ATM to withdraw all you money under duress, you just gats dey very private about your doings and always do the legit things.
Dbdhsgsgsvddv
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November 28, 2021, 10:27:24 AM
 #1920


You just better dey careful, even now sey them get apps to hide some content of your phone, infact this update is old, and police has been able to over come am, and again you know sey there is something called under duress, na wetin them fit fall on top your body, a police man can take you to the ATM to withdraw all you money under duress, you just gats dey very private about your doings and always do the legit things.
Zna true nobi bad tin to kip your phone or lappi for house, dis go help remain pure to the police, this what yahoo boy dey do, we nid to do ham to. That is what I be do all di time, I am free from them. Only what can happen is for them cops to come burst me for house, am I a yahoo boy, I am not a yahoo boy, that can not happen. Take palasa or chinko phone out and use good one for home is the way, naija wise. Grin
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