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EarnOnVictor
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April 09, 2024, 09:46:41 AM
 #21

How I suggested a trader to use Bitcoin for domestic and international trading. Bitcoin is a significant and prominent currency. I've known this trader for years, but a few days ago, we were talking about how he wanted to receive some money from his Texas-based business partner without having to tell anyone else the amount. So, I introduced him to Bitcoin, and with the help of the forum, I was able to explain it in more detail. He then opened an account with Roqqu. I wanted to know if  him creating a Roqqu was the right choice.
Being a member of Bicointalk, you should have done better in advising this person. Fine, the choice of Bitcoin is great, it will even lessen the cost and increase the speed at which he gets the money. But the choice of wallet used (Roqqu) is not smart and safe. Roqqu doesn't have so good track record and it is relatively unpopular.

This is also a custodial arrangement in which the money could be denied, detained or worse. Is this what you want him to face in his first experience? If at all he needed the money so fast and did not want to use the non-custodial wallet for easy exchange, you should have advised him to use the popular exchanges where the P2P would be used to exchange the money for the local currency with ease. I hope everything goes well.

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April 13, 2024, 01:47:46 PM
 #22

How I suggested a trader to use Bitcoin for domestic and international trading. Bitcoin is a significant and prominent currency. I've known this trader for years, but a few days ago, we were talking about how he wanted to receive some money from his Texas-based business partner without having to tell anyone else the amount. So, I introduced him to Bitcoin, and with the help of the forum, I was able to explain it in more detail. He then opened an account with Roqqu. I wanted to know if  him creating a Roqqu was the right choice.

I don't know much about the referral you made, but i would have suggested that you give him the use of a decentralized exchange instead, if he thinks privacy is a major concern and would not like to reveal him worth with anyone, but as long as we are dealing with a centralized exchange to help perform the required task for us, they will involve KYC in their dealings and you can't escape it until you comply with them together with their request.

R


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April 17, 2024, 11:59:13 AM
 #23

How I suggested a trader to use Bitcoin for domestic and international trading. Bitcoin is a significant and prominent currency. I've known this trader for years, but a few days ago, we were talking about how he wanted to receive some money from his Texas-based business partner without having to tell anyone else the amount. So, I introduced him to Bitcoin, and with the help of the forum, I was able to explain it in more detail. He then opened an account with Roqqu. I wanted to know if his creating a Roqqu was the right choice.

Why did he land on Roqqu? did you refer him to this centralized exchange for referral incentives, did you not explain to him about a noncustodial wallet where he is the one in charge or control of his Bitcoin,

It's very important that when you teach or refer someone to Bitcoin you should explain to him the advantages and disadvantages of using a custodial and noncustodial wallet, it's important that he learn where to store his coins, I always recommend to all my friends I referred to Bitcoin to only use non-custodial for full control of the coins and only use non-custodial if there is a need to trade.

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April 19, 2024, 03:09:16 PM
 #24

Roquu will give him all he wants, just ensure that there fees are safe
Have you used this exchange before? Because in all my time in this forum i have not seen any member recommend this exchange before. When you are not so sure about any crypto service, it is better to use the popular ones that a lot of people in the community have been using, and for centralized exchanges, that has to be binance, kucoin, etc.

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April 21, 2024, 11:35:35 PM
 #25

But apart from being a trader, is Roquu best safe?
I could only think using it with small amount the same on any centralized exchanges in the market may be it new or known, but i would recommend the latter.

If this friend of yours is very new user, exchange as a wallet is good for him to convert his holdings to fiat in any time he may want but i recommend only for limited of time, and use non-custodial wallet if he wants more privacy and safety for his funds.

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