Bitcoin Forum
May 22, 2024, 02:41:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: How do I use Bitcoin in a country that it is banned?  (Read 523 times)
Note3
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile WWW
September 05, 2022, 09:53:17 AM
 #21

Well I am from a country that has banned Crypto-currency as a whole so I can probably tell you from experience how I do it, but first you have to understand that not even the government can stop the complete usage of Crypto-currency amongst its citizens
Firstly
#Avoid buying using crypto-currency on government affiliates even if there is an option to do so.

You are saying that your government has banned cryptocurrencies, but there are still government affiliates that accept crypto? That sounds unlikely to me. What country are you from and what government affiliates are accepting crypto?
Nigeria, for seeing him post on Nigerian local board.

What are your suggestions for me and other beginners/users that are in this condition but want to participate in the technology and benefits that Bitcoin brings over the banks and government interference?
Maybe you should read carefully the regulations from the government regarding Bitcoin, what is prohibited for example using it as a means of payment and so on.
My country only prohibits Bitcoin as a means of payment, meaning that payment transactions with Bitcoin are illegal but I can still have it as a digital asset.
My advice is don't try to violate government regulations, even though having bitcoins can be done without being caught by the government and can make transactions outside of your country because of course the prohibition regulations only cover your country.
Charles-Tim
Legendary
*
Offline Offline

Activity: 1554
Merit: 4907



View Profile
September 05, 2022, 10:47:07 AM
 #22

Be careful on centralized exchange: there were rumors that government creates fake accounts to track people who are involved in crypto-currency. I rather prefer using peer to peer that involves the use of privately own wallet.
Government can as well create a fake account on decentralized exchanges as long as they are paying into your bank account for them to know you. The reason not to use a centralized exchange is because they are centralized, the exchange have control over your coins, depriving privacy and making it not to be possible. Also it is very easy for the government of a country to ban a centralized exchange if compared to a decentralized exchange.

I'm from a country where any kind of crypto activities is illegal but still I'm investing in crypto specially in bitcoin. If you are using p2p, you can use mobile banking too. Don’t you have such option in Nigeria?
Mobile banking? Commerical banks have mobile banking as well. Which mobile banking are you talking about? Those that deals with e-wallet that are not commerical banks? There is a lot of options in Nigeria. But the use of bitcoin is allowed in Nigeria, only CBN banned it, but Nigerians turned to P2P and no issue.

Only trade with decentralization, P2P platforms,
Let me be sincere about this, Nigerians are making use of centralized P2P successfully. But we know that the centralized exchanges can freeze their customer's fund or block their account due to one reason or the other, but on decentralized exchange, you still have the full control.

EarnOnVictor (OP)
Hero Member
*****
Offline Offline

Activity: 686
Merit: 609


Leading Crypto Sports Betting & Casino Platform


View Profile
September 06, 2022, 08:00:57 AM
 #23

Cryptocurrency options in government affiliates may be just a trap for those crypto users so that the government knows who is using crypto. Governments that implement this method certainly have the goal of targeting taxes for those who deal with crypto directly.
If the government could go the extra mile for setting affiliates and traps because of crypto, then it must have been a total ban in the country. This is not in my case. Also, if that is targeted towards tax evaders, I guess it is lame because the best way I believe they can legitimately tax a risky asset like crypto is when a transaction from it is completed through the conversion of crypto to the currency of the country using the bank.

Mobile banking? Commerical banks have mobile banking as well. Which mobile banking are you talking about? Those that deals with e-wallet that are not commerical banks? There is a lot of options in Nigeria. But the use of bitcoin is allowed in Nigeria, only CBN banned it, but Nigerians turned to P2P and no issue.
He might not know what we are discussing here because the issue of transacting with banks and mobile banking apps is just the same thing.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Agbe
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1266


View Profile
September 06, 2022, 04:25:24 PM
 #24


What are your suggestions for me and other beginners/users that are in this condition but want to participate in the technology and benefits that Bitcoin brings over the banks and government interference?

The countries that banned Cryptocurrencies mostly bitcoin have little knowledge or not at all. They banned it with the ignorant knowledge on it. Even some of those countries that banned bitcoin uses bitcoin more than some of the countries that adopt bitcoin. Nigeria as a case study. The uses of bitcoin in Nigeria is very large that even the government know about it but they can not do anything against it. They only stopped their agents (banks) to stopped the transaction process but they can't stop p2p payment and trading process.

My suggestion is that, if your country has banned bitcoin and you are interested to use bitcoin, it is very simple. Just go to Binance, Remitano or any other web or app that vendors are buying and selling BTC. There you can buy and use it to trade or if that option is not good for you, definitely there are people in your country that have bitcoin locate them and ask them to show you road.
Munir575
Member
**
Offline Offline

Activity: 546
Merit: 10


View Profile
September 06, 2022, 09:10:37 PM
 #25

Since I come from a nation (Nigeria) where all forms of cryptocurrency have been abolished, I can probably speak from personal experience when I tell you how I do it. However, you must first realize that not even the government can prevent its citizens from using cryptocurrency completely. Only two pieces of advice come to mind: Don't use cryptocurrency to make purchases from government agencies, even if you have the ability to do so, and only exchange cryptocurrency with other cryptocurrency devotees.
Taskford
Hero Member
*****
Offline Offline

Activity: 2548
Merit: 795



View Profile
September 06, 2022, 10:17:12 PM
 #26

This is not to preach lawlessness, yet the fact remains that there are many countries' governments that are less informed about Bitcoin and the benefits therein, thereby depriving their citizens of these benefits. But the good part is that some of these countries do not ban the accessibility and domains of crypto wallets and exchanges, which makes it possible for anyone to disregard the government and use Bitcoin, but carefully.

Taking Nigeria as an example, the most suggested approach is through P2P, it is working well, but I read that many have had their bank accounts banned, especially when there is a huge inflow, or the amount becomes much in its accumulation with time without a good explanation for it.

What are your suggestions for me and other beginners/users that are in this condition but want to participate in the technology and benefits that Bitcoin brings over the banks and government interference?

Ideas posted is already good and also try to create some connections where you can do p2p trades to other people who can convert your bitcoin into fiat so that it will be more easier for you to exchange your bitcoin without worrying the government intervention. Finding trusted p2p traders is always choose the best and be vigilant since we already know to many scammers around.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄
███░░░░███░░░░███
░░░░░░░░░░░░░
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░░░░███▄█░░░
░░██▌░░███░▀░░██▌
█░██░░███░░░██
█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀
.
REGIONAL
SPONSOR
███▀██▀███▀█▀▀▀▀██▀▀▀██
██░▀░██░█░███░▀██░███▄█
█▄███▄██▄████▄████▄▄▄██
██▀ ▀███▀▀░▀██▀▀▀██████
███▄███░▄▀██████▀█▀█▀▀█
████▀▀██▄▀█████▄█▀███▄█
███▄▄▄████████▄█▄▀█████
███▀▀▀████████████▄▀███
███▄░▄█▀▀▀██████▀▀▀▄███
███████▄██▄▌████▀▀█████
▀██▄█████▄█▄▄▄██▄████▀
▀▀██████████▄▄███▀▀
▀▀▀▀█▀▀▀▀
.
EUROPEAN
BETTING
PARTNER
uchegod-21
Hero Member
*****
Offline Offline

Activity: 952
Merit: 608


BTC, a coin of today and tomorrow.


View Profile
September 06, 2022, 11:03:59 PM
 #27

If we are taking Nigeria as a case study, I think we can begin to consider to remove Nigeria from the case study because the government of Nigeria is realising their mistakes and trying to please their citizens.
Before now they didn't outrightly ban bitcoin but they ordered banks not to process transactions relating to bitcoin and to freeze any accounts involving cryptocurrency. Banks had to strictly comply to it, but we were still fine in P2P because we learnt not to include anything relating to crypto or bitcoin in the transaction narrations and it worked.

But while the ban is on cryptocurrency billboards are seen in the country, binance sponsoring events in the country and currently the government what's to partner with Binance. We will see the end.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
Darker45
Legendary
*
Offline Offline

Activity: 2590
Merit: 1867


🙏🏼Padayon...🙏


View Profile
September 07, 2022, 03:20:00 AM
 #28

I've seen through some posts here that a number of businesses in your country are actually accepting Bitcoin. I remember there was a school, a store, and a gasoline station that accept Bitcoin. So it's probably not very difficult in your case to make use of Bitcoin as a form of payment.

If it isn't possible in your specific locality, then I guess it is enough to keep Bitcoin as a way to store your wealth knowing that Naira has been fast losing a lot of value. You could also make use of Bitcoin for international remittance. It must save you a lot.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
BlockChainMentor
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
September 07, 2022, 09:19:58 AM
 #29

When we talk about ban , it means that transactions between bank and crypto exchange will be stopped. This means that you will unable to use your local currency for buying bitcoin and if you have hold bitcoin in your wallet then you will not get cash
Pmalek
Legendary
*
Offline Offline

Activity: 2772
Merit: 7151



View Profile
September 07, 2022, 09:34:24 AM
 #30

Banks will look for the source of the funds. The origin, meaning where does the money come from. If they have banned or have a negative stance towards bitcoin, anything that originates from crypto exchanges, gambling platforms, or any other sites crypto-related will not be accepted. The funds will be sent back or you will get your bank account frozen. It's quite clear what you have to do. Don't use any such centralized platforms to send money to your Nigerian bank account.

Fiat transactions between two Nigerians aren't banned. An individual deposits money into your bank account and you send the coins to their BTC address. The bank can't possibly know the reason for that transaction. Make sure the other party doesn't mention bitcoin or crypto as a reason for the payment. That's it. If you want to avoid banks altogether, meet the other person face to face and carry out the exchange that way. That can create other troubles like the possibility to get robbed or you are given fake bills, but there are ways around that. Meeting in public places during the day and having a friend with you for example. Meeting up in front of the other party's bank, so you can watch them withdraw money from an ATM or the bank counter. That way you know the bills aren't counterfeit. 

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
Findingnemo
Hero Member
*****
Offline Offline

Activity: 2338
Merit: 760


Bitcoin = Financial freedom


View Profile
September 07, 2022, 09:47:46 AM
 #31

This is not to preach lawlessness, yet the fact remains that there are many countries' governments that are less informed about Bitcoin and the benefits therein, thereby depriving their citizens of these benefits. But the good part is that some of these countries do not ban the accessibility and domains of crypto wallets and exchanges, which makes it possible for anyone to disregard the government and use Bitcoin, but carefully.

Taking Nigeria as an example, the most suggested approach is through P2P, it is working well, but I read that many have had their bank accounts banned, especially when there is a huge inflow, or the amount becomes much in its accumulation with time without a good explanation for it.

What are your suggestions for me and other beginners/users that are in this condition but want to participate in the technology and benefits that Bitcoin brings over the banks and government interference?
If you are buying and selling or accessing bitcoin in anyway when your country banned it is a violation of the laws, whether it is okay or what stand we have to take are secondary so first realize that you are violating the laws and be ready to face the consequences.

While you are using bank accounts for buying and selling even via p2p platform still the bank can track the transaction, if there is any transaction has been done with you by someone who is having records of crypto trading then they can connect the dots and banks may ask for source of this transaction when you can't able to provide the source the account will be on hold and that is how these things are happening.

So what is the best way is doing p2p but with someone you know nearby and make sure they don't have any crypto records under their accounts.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
View ArchiveReport to moderator
libert19
Hero Member
*****
Offline Offline

Activity: 2506
Merit: 943



View Profile WWW
September 11, 2022, 04:01:07 AM
 #32

Here in India, for couple years central bank banned crypto, we used to do p2p either on online platforms or offline with close friend. Got scammed once as well for about $150.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
Apocollapse
Hero Member
*****
Offline Offline

Activity: 980
Merit: 757



View Profile
September 11, 2022, 06:15:27 AM
 #33

if your country ban Bitcoin, this mean you're also break the law of your country and this can bring you to jail.

I know Bitcoin is immune against government and centralized entity since you can send, buy or sell Bitcoin by using P2P or decentralized exchange. But you should accept the risk since you're somewhat do illegal stuff in your country.

IMO you should have a high level of privacy and using mixer to hide it.

2stout
Hero Member
*****
Offline Offline

Activity: 2366
Merit: 586


View Profile
September 11, 2022, 08:19:06 AM
 #34

Not advocating for lawlessness, but perhaps you were affected by a decree and were not given ample time to do what you needed to do.  One idea is to use or set up a VPN service to "hide" your location since it can connect you to another country, giving the appearance you are there while not actually being in that country physically.
ThemePen
Hero Member
*****
Offline Offline

Activity: 770
Merit: 681


I stand with Palestine.


View Profile WWW
September 11, 2022, 08:29:02 AM
 #35

Taking Nigeria as an example, the most suggested approach is through P2P, it is working well, but I read that many have had their bank accounts banned, especially when there is a huge inflow, or the amount becomes much in its accumulation with time without a good explanation for it.

What are your suggestions for me and other beginners/users that are in this condition but want to participate in the technology and benefits that Bitcoin brings over the banks and government interference?

Yes My country is also one of them.
Let me tell you what I do to avoid any future problem.

Mostly I use Binance's P2P Platform to buy or sell my crypto assets.
These are some precautions which I always follow.

1. When I suppose to trade on P2P Platform. I use my bank account details. And I use account for sudden trade and after the trade I remove my bank account details as soon as possible.

2. I do not make biggest trade. I only made little amount trades. Because when I trade in big amount the government institutions will detect and can catch anytime.
So made little trades and stay safe.

3. I never forget to use VPN.

These some precautions can safe us from biggest problems.


R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
Hyphen(-)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 728



View Profile WWW
September 11, 2022, 11:01:46 AM
 #36

This is pretty risky if you are going to deal with someone in p2p exchange and maybe one of them is government anytime they can seize.

I think if you want to withdraw them safely into your bank without worrying about Bitcoin being banned convert them into USD there are some sites that can do that but you need to have accounts like skrill, Neteller, Payoneer, or any digital currencies account where you can able to receive USD after you convert Crypto.
The one who can help you achieve that thing is this https://www.bestchange.com/ I don't how these users above who promote don't mention it.
I'm interested in this because I heard a friend mention these digital accounts Neteller and Payoneer, but I don't know anything about them, so I assumed it was like other decentralized exchanges because it might require KYC before having full access to operate the accounts.
As a result, I would appreciate more information about these two digital accounts.


.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK  
          100%   MULTICHARGER  
qwertyup23
Hero Member
*****
Offline Offline

Activity: 2254
Merit: 787



View Profile
September 11, 2022, 04:06:36 PM
 #37

This is not to preach lawlessness, yet the fact remains that there are many countries' governments that are less informed about Bitcoin and the benefits therein, thereby depriving their citizens of these benefits. But the good part is that some of these countries do not ban the accessibility and domains of crypto wallets and exchanges, which makes it possible for anyone to disregard the government and use Bitcoin, but carefully.

Taking Nigeria as an example, the most suggested approach is through P2P, it is working well, but I read that many have had their bank accounts banned, especially when there is a huge inflow, or the amount becomes much in its accumulation with time without a good explanation for it.

What are your suggestions for me and other beginners/users that are in this condition but want to participate in the technology and benefits that Bitcoin brings over the banks and government interference?

I think the best way to transact BTC in a country that prohibited its transaction is to avoid using any p2p that requires any submission of IDs that tells your location. While Binance is independent, avoid transacting in large amounts that would cause some doubts on your local bank. In addition, avoid any purchase that would alert the government- in other words, anything that the government is affiliated with, avoid them.

For added protection, you may also use VPNs or IP proxies whenever you make and create transactions. While your government may prohibit its transactions, this is what BTC was made for- financial freedom in your transactions.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
Wakate
Hero Member
*****
Offline Offline

Activity: 994
Merit: 522


fillippone - Winner contest Pizza 2022


View Profile
September 11, 2022, 06:29:19 PM
 #38

Here in India, for couple years central bank banned crypto, we used to do p2p either on online platforms or offline with close friend. Got scammed once as well for about $150.
One thing about peer to peer trading is that you need to be sure of who you are trading with if you are doing it physically probably using friend of friends or someone you contacted online. I will always advice people to use an exchange to run there p2e trading since it cam be challenging to see someone you can sell your Bitcoin to with since trust.

Centralized Exchanges have strict rules that will be enforced if during a p2e trade, the buyer do not credit the seller which can end up on blocking of the account. It is very challenging trading coins in a country where Bitcoin is ban and users finding other alternatives can be very challenging.

.
.Duelbits.
█▀▀▀▀▀











█▄▄▄▄▄
TRY OUR
  NEW  UNIQUE
GAMES!
.
..DICE...
███████████████████████████████
███▀▀                     ▀▀███
███    ▄▄▄▄         ▄▄▄▄    ███
███   ██████       ██████   ███
███   ▀████▀       ▀████▀   ███
███                         ███
███                         ███
███                         ███
███   ▄████▄       ▄████▄   ███
███   ██████       ██████   ███
███    ▀▀▀▀         ▀▀▀▀    ███
███▄▄                     ▄▄███
███████████████████████████████
.
.MINES.
███████████████████████████████
████████████████████████▄▀▄████
██████████████▀▄▄▄▀█████▄▀▄████
████████████▀ █████▄▀████ █████
██████████      █████▄▀▀▄██████
███████▀          ▀████████████
█████▀              ▀██████████
█████                ██████████
████▌                ▐█████████
█████                ██████████
██████▄            ▄███████████
████████▄▄      ▄▄█████████████
███████████████████████████████
.
.PLINKO.
███████████████████████████████
█████████▀▀▀       ▀▀▀█████████
██████▀  ▄▄███ ███      ▀██████
█████  ▄▀▀                █████
████  ▀                    ████
███                         ███
███                         ███
███                         ███
████                       ████
█████                     █████
██████▄                 ▄██████
█████████▄▄▄       ▄▄▄█████████
███████████████████████████████
10,000x
MULTIPLIER
NEARLY UP TO
.50%. REWARDS
▀▀▀▀▀█











▄▄▄▄▄█
TechHub
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
September 11, 2022, 06:34:27 PM
 #39

Well said, I would advise that P2P is one of the greatest advantage you all have and so you should stick with it.
Despite this ban I also read that Nigerians are one of the core country that interact with Crypto currency showing that this is of more help to the society and alot people have made fortunes from it and so there's no cause to stop. It's also very shameful that the government has caused more harm than good with this act.
libert19
Hero Member
*****
Offline Offline

Activity: 2506
Merit: 943



View Profile WWW
September 12, 2022, 03:41:51 AM
 #40

~

...Centralized Exchanges have strict rules that will be enforced if during a p2e trade, the buyer do not credit the seller which can end up on blocking of the account...

It was p2p exchange, it's just that — buyer credited the money >> I confirmed I received the money (so BTC was released to him through exchange) >> few days after buyer chargebacked the amount.

I didn't go to police out of fear that crypto is banned and they won't help me.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!