Be aware, no use person wallet .

[AVE5]

Most persons stores their crytop currencies there in the exchanges just to facilitate on their p2p and also to safe transaction charges from the cold wallets to exchange wallets wo if you've alternative to boycott the situation that Binance has delisted naira from their p2p transaction then it should be of other exchanges platforms. Binance has been an influential exchange globally and in Nigeria, most petty Investors don't even know that there existence of other exchanges so it'd be nice if pointing out those exchange to navigate from the current situation where our local investors are unabled to trade there in the Binance.
I don't see any need to panicking over this situation because Binance isn't the only exchange and not even that it has the best features required to carry on trades. However, anyone interested one can checkout on Kucoin wallet exchange. It still serves as that of Binance.

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[rachael9385]

   Every mistakes has been adjust from the first day.
  Many people go still fall for people scam as binance exchange done remov p2p from their exchange, normally if you nah newbie you suppose to ask questions before you make any change of exchange.
  Some people feel am say when they ask questions pipo go underrate them because them no sabi watin them dey ask for, but nah person we ask questions nai dey learn things fast.
  You fit no talk but watin you no sabi but (like to ask questions) and you no go still know until you ask, others go tell you, teach you too.
  E done tay when we dey talk say make person no keep em coins for inside exchange because one day anything fit happen and the person go loss em coins, just like watin happen to binance exchange this recent time, just imagine am say Nigerians no fit also send out their coins just like the way we no fit make use of p2p, how e for be?

[Cryptomultiplier]

As this issue of binance and government dey go so, I go advise make person no go put coins for another person exchange because say em no get another exchange. My reasons be say as binance done shot down naira for their platforms and people go dey fin reliable exchange to put their coins. Make them also dey careful with the ones wey them go sign up with. If you no sabi any exchange, go beginners and help board then ask questions. Now many scammers for we country and around the globe done get the signals say Nigeria no get better access to binance exchange again, them go won create fake exchanges so that pipo go fall in to.
Recently I hear somebody dey tell the other person through phone call say em no fit access the coins wey dey em binance again, say binance  done block em account (meanwhile na lie). As binance close p2p from Nigerians them go fit send out the coins to another exchange. So make nobody deceive any body. If you no get the requirements to pass KYC for exchanges verification just create electrum wallet then keep the seed phrases well. Besides this nah the best time to store coins as we done dey enter the bull run already.

Ah swear na better matter you carry come like this so, some of they hold coin nii we no sabi use our head, as Binance no be for Nigeria again make we just calm down and get another wallet to save our coin, any body wet go misbehave by this time ehn, the person don enter one chance be that because the matter no go be small thing, but I Dey wonder for anybody wey go think say him will go put in coin for someone wallet or some unknown wallet wey people no know, that one na mumu for my side because anybody wey Dey with his right sense no go do that kind thing.

And about person wet talk say Binance block him account and he no fit park him coin na big lie, the person no get anything for his Binance wallet if not him no go talk that kind thing, I don see many people wey Dey move their coin from Binance to another wallet and their coin Dey very safe, and please make we shine our eyes and get good wallet because yahoo boys Dey hungry to cheat people and scam any wallet wey dem see catch, but by god grace them no go succeed when they are about to scam people.

You sabi beta talk true true, because this one wey our OP yarn na correct one wey we suppose hammer Wella for newbies head.
 Infact, this our board suppose emphasis on threads like this so as make we no loose the small coins wey we don dey manage save or HoDL all because of ignorance of the right practice to follow.

Not your keys, not your coins , na just the words wey follow suit with this kind post, because person wey rush trust anoda person this period wey bull season don dey reach, come loose guard em coin, na sorry to end am o. Be wise!

[Kingperry22]

Make una listen o, e good make we dey careful wit how we dey use our personal wallet for crypto transactions since di Nigerian government don put ban on top Binance and other crypto exchanges. No forget say, na for we own safety to follow di law and no do wetin go put us for wahala. but una fit use other platform wey go help una swiftly

[Kelward]

As this issue of binance and government dey go so, I go advise make person no go put coins for another person wallet because say em no get another wallet.

Do not get this wrong, Binance is not even a wallet. Binance is an exchange and an exchange should not be used for saving coins because it should just be for what it should be used for, for exchanging coins. After you exchange your coins, send them to a noncustodial wallet that is open source and reputed.

Your talk na GBAM! exchanges no be where person suppose to de hodle im coin, because as di name imply, na place to go and exchange your coin, either to anoda coin or fiat. Every active member inside this forum suppose know di phrase wey say if e no be your keys e no be your coins, so after you finish your exchange matter, na to jeje move your coin enter inside your none custodial wallet.

I know say as Binance de get issues with our government, scammers don enter dem coven to de device new means to take scam ignorant people, so e good say make we de informed and guard ourselves against dem manipulations.

[odunybiz]

As this issue of binance and government dey go so, I go advise make person no go put coins for another person wallet because say em no get another wallet. My reasons be say as binance done shot down naira for their platforms and people go dey fin reliable wallet to put their coins. Make them also dey careful with the ones wey them go sign up with. If you no sabi any wallet, go beginners and help board then ask questions. Now many scammers for we country and around the globe done get the signals say Nigeria no get better access to binance exchange again, them go won create fake wallet so that pipo go fall in to.
Recently I hear somebody dey tell the other person through phone call say em no fit access the coins wey dey em binance again, say binance  done block em account (meanwhile na lie). As binance close p2p from Nigerians them go fit send out the coins to another wallet. So make nobody deceive any body. If you no get the requirements to pass KYC for exchanges verification just create electrum wallet then keep the seed phrases well. Besides this nah the best time to store coins as we done dey enter the bull run already.

OGA na only JJC wey no know watin sup nai go fit fall because I know say many people out there dey fund of using person head when it comes to things wey money dey involved so e go dey normal say person wan try to outsmart another person because of the issue of close P2P trade. Moreover self e no make sense say you go put money for another person account beside watin do other exchanges even if you know wan use the cashlink withdrawal method for binance.

Some people do this base on trust but it doesn't work that way in the space. I've done this several times with friends but recently I think of it as a bad and unreasonable idea. Apart from the fact that one can be outsmart, it will expose your secret on your investment to the third party.

[cocadalcan]

As this issue of binance and government dey go so, I go advise make person no go put coins for another person wallet because say em no get another wallet.

Do not get this wrong, Binance is not even a wallet. Binance is an exchange and an exchange should not be used for saving coins because it should just be for what it should be used for, for exchanging coins. After you exchange your coins, send them to a noncustodial wallet that is open source and reputed.

Does that mean we don't store money on Binance? Shall we just use it for exchange?

[Cryptoprincess101]

Apart from to Even use another person wallet send your cryptos, una don see how the forum be wey e be say every body doings here dey monitored so you fit go send BTC to another person address now and if them trace am them fit tag am say you and the person na alt account, so make we no take panicking go do mistake wey go put us for problems just because say we dey find easy or short way to make things easier for us.

And again, e no dey easy to trust person money for another person custody, so as e be so make we avoid people wey we don't know wey dey offer to help us change our cryptos to fiat because I no say as binance wey majority of us dey use dey exchange our cryptos with fiat no dey again like this, a lot of people go dey claim say if you send them your crypto say them go send you fiat so unless say na the person go first send you before you go reciprocate send am your crypto otherwise sef any exchange wey you wan do with person make una make the transaction dey open for the forum Incase na person wey dey for forum so that any form of misconduct the person go bear the consequences and forum transactions dey more legit although scammers dey for the forum but e dey very rare and e no dey rampard like that.

[Y3shot]

This no be something wey person supposed hear person dey use another wallet to trade bitcoin,  e no make sense.  Bitcoin no be something wey two people suppose to share the same wallet because the carelessness of one person can make someone else to have access to it. For security and accountability purpose it is better for people not to share wallet with people.

[DaNNy001]

This no be something wey person supposed hear person dey use another wallet to trade bitcoin,  e no make sense.  Bitcoin no be something wey two people suppose to share the same wallet because the carelessness of one person can make someone else to have access to it. For security and accountability purpose it is better for people not to share wallet with people.

My brother you no go believe but since when this Binance matter come up, things when people dey do to sell or house their crypto really dey funny and I say this because of the watin I see person dey do. Omo e get one of ma guy wey dey even use this thing as advantage to himself because he dey post sale of wanting to buy people USDT for the price rate of 1400naira and to my greatest surprised People dey compensate am well well and the thing just dey marvel because at the current of 1600naira why would anyone agree to sell for 1400 when in other legit exchange the trade is 1600naira.

[Makus]

This no be something wey person supposed hear person dey use another wallet to trade bitcoin,  e no make sense.  Bitcoin no be something wey two people suppose to share the same wallet because the carelessness of one person can make someone else to have access to it. For security and accountability purpose it is better for people not to share wallet with people.

Exactly, the main essence of Bitcoin creation na to give you that privacy and keep you completely in charge of controlling your fund untill you wish to carry you hand sell am. So for you to use exchange sef, e just be like say you dey break that circle of decentralization not to talk of say na another person exchange which means you don even break that decentralized nature comot finish from your money. E dey good make we get our own exchange rather than using person own, and make we nor keep money for there for too long at most make e no even reach 24 hours sef.

[adultcrypto]

This no be something wey person supposed hear person dey use another wallet to trade bitcoin,  e no make sense.  Bitcoin no be something wey two people suppose to share the same wallet because the carelessness of one person can make someone else to have access to it. For security and accountability purpose it is better for people not to share wallet with people.

My brother you no go believe but since when this Binance matter come up, things when people dey do to sell or house their crypto really dey funny and I say this because of the watin I see person dey do. Omo e get one of ma guy wey dey even use this thing as advantage to himself because he dey post sale of wanting to buy people USDT for the price rate of 1400naira and to my greatest surprised People dey compensate am well well and the thing just dey marvel because at the current of 1600naira why would anyone agree to sell for 1400 when in other legit exchange the trade is 1600naira.

I think this has become a major issue for our people here that need urgent attention. The other day I read discussions of two people they were contemplating to being the same person just because one copied the wallet of the others without editing it when making application for a loan. Such mistakes make people appear bad. Wallets is the most sensitive thing in the forum and as soon as mistakes involves wallets, the judgement is already 80% against anyone involved. People should put extra efforts at avoiding certain mistakes. I even read about two different relatives sharing the same Binance wallet, a wallet own by one person but the other wanted to use same to request for payment for a task they were paying in stable coins. There is no way to prove that they were two different persons as they could not provide enough evidence.

[odunybiz]

As this issue of binance and government dey go so, I go advise make person no go put coins for another person wallet because say em no get another wallet.

Do not get this wrong, Binance is not even a wallet. Binance is an exchange and an exchange should not be used for saving coins because it should just be for what it should be used for, for exchanging coins. After you exchange your coins, send them to a noncustodial wallet that is open source and reputed.

Does that mean we don't store money on Binance? Shall we just use it for exchange?

Just as it has been said, it's a wrong idea storing ones coin in a exchange. Why doing that when there are wallets that can hold your coin for you. Exchanges are mainly for trading purpose.

[Y3shot]

Not just only someone's wallet but also wallet wey someone don get acces or wallet wey person also get the seedphrase with you. Wallet is very important when it comes to cryptocurrency because when a wallet is exposed it is easy to lose things very well.  E go make sense if everyone can treat their wallet with care not exposing it any how,  the rate at which people lose their money will reduce

[DubemIfedigbo001]

OGA na only JJC wey no know watin sup nai go fit fall because I know say many people out there dey fund of using person head when it comes to things wey money dey involved so e go dey normal say person wan try to outsmart another person because of the issue of close P2P trade. Moreover self e no make sense say you go put money for another person account beside watin do other exchanges even if you know wan use the cashlink withdrawal method for binance.

You're right, but I must remind you that most times panic makes people not think properly before acting. All dubious people need is to show them a way to move their coins out of the Binance exchange and they will trust them totally bearing in mind that there are no much options left. Na JJC go perform that kind fuckup actually, but you and me know say them get enough JJC for this crypto space and most of these pressing boys go use their head wella this period. Them no get enough security training like you get for crypto matter, so the possibility say them go fall, especially the advanced people dey relatively high.

[EluguHcman]

In the first place I wonder why someone would entrust his Bitcoin or other Coins in others wallet when being aware that him too is liable to have his own.

Could it be as a caused of lack of knowledge to operate the exchange platform on a P2P or what? Or he fells there is a huge requirement before he could create his own exchange wallet? Well, it would be obvious that such a person must be a beginner would feels he is being more careful so that he does not lost his funds while trading but that is not enough excuse on why someone would have their coins on others exchange.

Just in all, such a person is an ignorantic individual who seizes from learning new ideals and does not want to grow in his knowledge.
I still feel to ask, how did he or she acquired that coin in the first place? Let it don't even seem like it was won in the lottery of a system he knows not how it works! 😏

When I came across the title of this thread and reading from the begining, I thought the whole sceneros was going to pass some kind of advisory updates like "" Do not allow anyone to use your wallet exchange for their Bitcoin or other crypto coins P2P trading because it could be some of the scammers strategies to keep their identity un revealed after frauding others or maybe obtained the Coins in an illegal indulgences such as during receiving a ransome or defrauding people through the internet scamming technologies.
So technically, they are concious of the documentary requirements during when verifying the Wallet exchange accounts.
Meaning that such could indict you an innocent soul or a genuine Investors into the exposures of risks and un realistic fraudulent personality.
So they chooses they feels if their transactions on the P2P can be traced then they have boycotted being caught instead you as an individual who transacted the trades for them using your verified exchange handle would be the one to be held responsible"

[odunybiz]

Not just only someone's wallet but also wallet wey someone don get acces or wallet wey person also get the seedphrase with you. Wallet is very important when it comes to cryptocurrency because when a wallet is exposed it is easy to lose things very well.  E go make sense if everyone can treat their wallet with care not exposing it any how,  the rate at which people lose their money will reduce

It isn't a welcome idea just as it has been discussed earlier but most times over trust can make one engaged in that. I have once done that with a friend of mine where I send my seed phrase to him so he can access my wallet so he can help me claim an airdrop due to the fact that I'm busy. But later I observed I have done something wrong and this made me stop using the wallet.

[sokani]

My brother you no go believe but since when this Binance matter come up, things when people dey do to sell or house their crypto really dey funny and I say this because of the watin I see person dey do. Omo e get one of ma guy wey dey even use this thing as advantage to himself because he dey post sale of wanting to buy people USDT for the price rate of 1400naira and to my greatest surprised People dey compensate am well well and the thing just dey marvel because at the current of 1600naira why would anyone agree to sell for 1400 when in other legit exchange the trade is 1600naira.

I remember wen CBN bin set deadline for banks to stop to dey accept the old currency. Few days to the deadline, e get one guy for my area wey begin to exchange old naira currency for half of the price. If you give am N5000 naira note, him go transfer N2500 to your bank account.

So e dey our blood to use situations like dis to make money for ourselves. Wetin surprise me for wetin you talk be say even if Binance remove the P2P option, other reputable exchange dey to take run package. Ah no really understand if dis sellers dey try to avoid KYC on CEXs because of the government saga with Binance that's why dem dey ready to throwey their Bitcoin and USDT for dat price but na really dumb move.

[rachael9385]

My brother you no go believe but since when this Binance matter come up, things when people dey do to sell or house their crypto really dey funny and I say this because of the watin I see person dey do. Omo e get one of ma guy wey dey even use this thing as advantage to himself because he dey post sale of wanting to buy people USDT for the price rate of 1400naira and to my greatest surprised People dey compensate am well well and the thing just dey marvel because at the current of 1600naira why would anyone agree to sell for 1400 when in other legit exchange the trade is 1600naira.

I remember wen CBN bin set deadline for banks to stop to dey accept the old currency. Few days to the deadline, e get one guy for my area wey begin to exchange old naira currency for half of the price. If you give am N5000 naira note, him go transfer N2500 to your bank account.

So e dey our blood to use situations like dis to make money for ourselves. Wetin surprise me for wetin you talk be say even if Binance remove the P2P option, other reputable exchange dey to take run package. Ah no really understand if dis sellers dey try to avoid KYC on CEXs because of the government saga with Binance that's why dem dey ready to throwey their Bitcoin and USDT for dat price but na really dumb move.

   Normally normally, every situations for Nigeria dey always dey favour some people wey dey smart. Okay now, just imagine they guy wey dey old 5000 naira with the rate of 50/50 with the owner of the money, and naw the thing be say the old naira noted we sef still dey use am.
   Nah only God nai know how much wey that guy go done make during that cashless policy time, many people go done even build houses and buy cars for themselves.  For the truth be say, every government get pipo wey em dey favour, if this one no favor you then the next one go favour you.
   And when we see those kind of pipo wey government dey favour make we no jealous them because rain no dey fall for only 1 person zink. Like them done talk am Tay Tay Tay say make una comot eyes for army man salary. One thing for the country be say make you just find something dey do, when you dey do something fo gain a living you no go lack totally. If you dey in need of 10 you fit get 5% or 7%, the only thing for you to do nah to just manage am. Even though say you get 10% of watin you need still manage am because tomorrow is always important than today.
Some of us really dey do this things wey I done talk from the op, even if say you no dey use person wallet dey keep your coins you go done put fiat for person bank account before, sometimes e no really mean say as nah A when op talk you go only put mind for the A, you also gets think outside the box, think of B too.

[DubemIfedigbo001]

Well are you surprised? Due to the high fee that rocked the Bitcoin network few months back so many users here actually changed their payment address wallets to exchange wallets and so many people out there still very much used binance exchange to actually save their coins whereas exchange is meant for only selling of your coins and nothing more. We have seen so many cases of how people actually lose their coins due to one or two issues concerning exchanges so it's very much safer that your coins be in a non-custodial wallet than an exchange

There was this issue a friend of mine faced over the weekend, he tried to consolidate his coins in a single exchange wallet and send it back as a single transaction to his non-custodial wallet. As he sent the funds, the exchange imposed a 10% tax on him to send the funds to his electrum wallet which made him spend his holdings on his needs and not yearn to the robbery of the exchange. Saving your coins in an exchange to gather it together is a very high risk as the funds may be lost in case of the exchange winding up, or the transaction fees they might charge will be too high for you to bear, I had an experience using my OKX exchange to sell coins through P2P where I was made to pay transaction fees just to move my coins from my wallet account to my exchange account, still in the same platform.

You are not safe with an exchange, if its not your keys, its definitely not your coins. In the case of my friend above, you can consolidate your coins in a non-custodial wallet and when you have gathered enough and is set to transfer it as a single transaction, you can send it to another non-custodial wallet, or even within the same wallet provider as such transactions fees are relatively cheaper compared to dealing with an exchange.