Bitcoin Atm

[Wiwo]

This bitcoin ATM,I no think say e go dey very safe for we country o. I guess say e no be like that normal fiat ATM,because the one wey I see for picture na very small one. According to wetin I read,say u fit put dollar inside the ATM to use buy bitcoin. I beg make nobody laugh o,I won know weather this bitcoin ATM dey dey very y cumbersome just like our fiat own. Na nice swag be this and I dread am die, if say this ATM still dey available, I for like to go use am and see how e dey operates.

The koko be said which card you want to use with the ATM?

-Because the Bitcoin ATM is almost the same as our traditional ATMs. Machines, unless some like POS machines for the retailers, but then if you have a bitcoin ATM card you can operate and make payments direct but not that the regular Bitcoin ATM requires ID verification on each transaction and transaction fees are also very high.

-frankly speaking,  I don't think there is any functional Bitcoin ATM in Nigeria currently.

[Odohu]

Nigeria got their first Bitcoin Atm in 2020 but since 2021 After the crypto ban,am wondering if The Atm still works? And was anyone here fortunate to use it before the ban? .
It was installed by Blockstale in Dazey Lounge and Bar, Lagos State. Their goal was to install more across Nigeria
but this was halt by the crypto ban

There was actually no official statement of ban of cryptocurrency from the government but there are internal policies of CBN that prohibits dealing on cryptocurrency and they push these through the commercial banks. For instance, GTB, Access and some other banks go as far as closing the accounts of anyone associated with cryptocurrency trading as reported by Sahara Reporter : https://saharareporters.com/2021/02/12/access-gt-banks-close-accounts-cryptocurrency-traders.

The uncertainty in government policies is also one factor that is hindering the penetration of cryptocurrency in mainstream as I have come to noticed. According to some of my friends that trade crypto, their fear is that government fit just wake up one day ban everything forcing them back to square one. So they gat shine their eye and remain anonymous.

[Belarge]

Sincere I dey hear about bitcoin atm for the first time, I never hear am before, and I no still use am too, but if the machine for dey e for really good as e for help bitcoiners to make easy transactions,
But in another way too I still know say the Bitcoin machine no for really dey safe for our naija, as criminals go always want temper with am..

[BIT-BENDER]

According to Coinatmradar, there are two bitcoin ATMs in Nigeria, both located in Lagos: https://coinatmradar.com/city/772/bitcoin-atm-lagos/

On the later (not former) above link, you can check the details of the ATM service providers, you can just call the number to ask for details if the ATM is still functioning or not.

I don’t think they are functioning and even if they are Nigerians get trust issues and until proven other wise people may not patronize the bitcoin atm very much.

The ban is also an important factor to look at and also the atm may have some bits of centralization and the privacy status of its users can or may be compromised.

[Agbe]

Sincere I dey hear about bitcoin atm for the first time, I never hear am before, and I no still use am too, but if the machine for dey e for really good as e for help bitcoiners to make easy transactions,
But in another way too I still know say the Bitcoin machine no for really dey safe for our naija, as criminals go always want temper with am..

e dey Lagos, check for it in Lagos u go see am, di machine dey bt di price 4 transaction na die. When try once, u go dey prefer 2 use phone wallet or app to do am. Tif piple 4 no fit carry am. Di thing e dey like normal ATM, so dem no go fit carry am.

According to Coinatmradar, there are two bitcoin ATMs in Nigeria, both located in Lagos: https://coinatmradar.com/city/772/bitcoin-atm-lagos/

On the later (not former) above link, you can check the details of the ATM service providers, you can just call the number to ask for details if the ATM is still functioning or not.

I don’t think they are functioning and even if they are Nigerians get trust issues and until proven other wise people may not patronize the bitcoin atm very much.

The ban is also an important factor to look at and also the atm may have some bits of centralization and the privacy status of its users can or may be compromised.

but people were using it before the ban. And di ban didn't affect the machine, it is only affect direct bank transfer nd not individual transfer. Yes the machine is centralized, and that is why the phone wallet transfer is the best because nobody would control the process.