With bitcoin, you have full control.

[SmartGold01]

You can lose bitcoin also through scam or wallet hack, but they are very easy to avoid if you read about it. Naira that is depreciating in price.

People do not know about how banks are extorting people of their hand earned money, past few week I went to purchase something at the mini super store and what I purchased didn't go through, they said declined from the POS machine so the sales personnel has to make refund from her end, and I saw when it said transaction successful but yet didn't reflects to my account. I went there the other day to complained to the sales personnel and she said I should go to my bank to make complaint over there, I had to look at the stress of going to bank with the amount in question I just have leave everything with the hope it would surely reflects to my account. Up till date I haven't seen it reflected to my account, this is to say that banks aren't worthy to be trusted and since I don't usually make transfer that way or even rely on banks, instead I would have to make withdrawal of cash and then go purchase what I want to.

[sokani]

People do not know about how banks are extorting people of their hand earned money, past few week I went to purchase something at the mini super store and what I purchased didn't go through, they said declined from the POS machine so the sales personnel has to make refund from her end, and I saw when it said transaction successful but yet didn't reflects to my account. I went there the other day to complained to the sales personnel and she said I should go to my bank to make complaint over there, I had to look at the stress of going to bank with the amount in question I just have leave everything with the hope it would surely reflects to my account. Up till date I haven't seen it reflected to my account, this is to say that banks aren't worthy to be trusted and since I don't usually make transfer that way or even rely on banks, instead I would have to make withdrawal of cash and then go purchase what I want to.

I completely understand why you had to forfeit the money because sometimes when you calculate the transport and the stress you'll have to go through at the bank, it's not worth it. This is how fucked up the traditional banking system is, with many challenges. With our government gradually changing its stance on crypto, I hope global crypto payment giants like Stripe, Square, etc, could come and invest in Nigeria. So we could be able to have a crypto payment option in some of our big supermarkets and superstores.

[abaeze]

People do not know about how banks are extorting people of their hand earned money, past few week I went to purchase something at the mini super store and what I purchased didn't go through, they said declined from the POS machine so the sales personnel has to make refund from her end, and I saw when it said transaction successful but yet didn't reflects to my account. I went there the other day to complained to the sales personnel and she said I should go to my bank to make complaint over there, I had to look at the stress of going to bank with the amount in question I just have leave everything with the hope it would surely reflects to my account. Up till date I haven't seen it reflected to my account, this is to say that banks aren't worthy to be trusted and since I don't usually make transfer that way or even rely on banks, instead I would have to make withdrawal of cash and then go purchase what I want to.

I completely understand why you had to forfeit the money because sometimes when you calculate the transport and the stress you'll have to go through at the bank, it's not worth it. This is how fucked up the traditional banking system is, with many challenges. With our government gradually changing its stance on crypto, I hope global crypto payment giants like Stripe, Square, etc, could come and invest in Nigeria. So we could be able to have a crypto payment option in some of our big supermarkets and superstores.

Analyzing the recent incidents and your conversations, we can easily understand why the government and Banks are reluctant to legalize Bitcoin and are still so dependent on fiat money. Banks, in order to maintain their own control over the common people, only reveal the disadvantages of Bitcoin to the public and in some cases, put all the responsibility on the government and the government - thinking that the general public will lose control of them, keeps telling the people the words taught by the Banks in front of them but not anymore, now it is time to get out of this cycle because different countries of the world have slowly started accepting it. People are getting to know about Bitcoin and are much more aware than before.

[ejikeme24]

You can lose bitcoin also through scam or wallet hack, but they are very easy to avoid if you read about it. Naira that is depreciating in price.

People do not know about how banks are extorting people of their hand earned money, past few week I went to purchase something at the mini super store and what I purchased didn't go through, they said declined from the POS machine so the sales personnel has to make refund from her end, and I saw when it said transaction successful but yet didn't reflects to my account. I went there the other day to complained to the sales personnel and she said I should go to my bank to make complaint over there, I had to look at the stress of going to bank with the amount in question I just have leave everything with the hope it would surely reflects to my account. Up till date I haven't seen it reflected to my account, this is to say that banks aren't worthy to be trusted and since I don't usually make transfer that way or even rely on banks, instead I would have to make withdrawal of cash and then go purchase what I want to.

I agree with you on the fact that bank is never to be trusted because I have encountered similar issue before Which I was redirected to the bank as well  then I went there but, all to no avail.

is better you choose not to move further because you would have end up wasting a whole lot of time in the bank without achieving your aim, you know, I was thinking that bank is way more better than micro-finance banking, but at some point I realized that they're more reliable than our local bank both in terms of  networking, which is why alot of people have chosen to be saving thier Money in most of this micro finance bank since their level of trust is now becoming equal.

[Mykon Bobby]

With Bitcoin you have full control to your money and you transfer whenever you wish to transfer no restriction no transaction limits with Bitcoin.
Unlike other financial Banks which can people of their money if they realize that the account has not been acting for a long while. Sometime they places limit on transactions or restrict some transactions due to some reasons following the central banks rules and regulations, but that can't happen with Bitcoin.

[Scarlett_23]

The current era is the digital era, the era of information technology. Everything in the world is now in the hands of people, just as the banking system is now in the hands of people. In the past, there was no easy access to computers, cellphones or the internet. If someone was financially well-off, he had to run to the bank.


This old system, although it provides people with security and some benefits, does not reduce harassment. They profit from taking money from customers and giving the customer a small share of the profit. Again, the government or bank authorities or the income tax department can see how much money someone has in their bank account if they wish. If they find it suspicious, they can seize the bank account.

But in the current digital era, one can live without facing such a situation. On the other hand, the result of the cutting-edge technology of the digital age is Bitcoin. It is not under the control of any country, government or group. A Bitcoin account means a bank account that is controlled by yourself. No one except you has any way of knowing how much money is there, as long as your own seed is under your control, you are the only owner of it.

[SmartGold01]

You can lose bitcoin also through scam or wallet hack, but they are very easy to avoid if you read about it. Naira that is depreciating in price.

People do not know about how banks are extorting people of their hand earned money, past few week I went to purchase something at the mini super store and what I purchased didn't go through, they said declined from the POS machine so the sales personnel has to make refund from her end, and I saw when it said transaction successful but yet didn't reflects to my account. I went there the other day to complained to the sales personnel and she said I should go to my bank to make complaint over there, I had to look at the stress of going to bank with the amount in question I just have leave everything with the hope it would surely reflects to my account. Up till date I haven't seen it reflected to my account, this is to say that banks aren't worthy to be trusted and since I don't usually make transfer that way or even rely on banks, instead I would have to make withdrawal of cash and then go purchase what I want to.

I agree with you on the fact that bank is never to be trusted because I have encountered similar issue before Which I was redirected to the bank as well  then I went there but, all to no avail.

is better you choose not to move further because you would have end up wasting a whole lot of time in the bank without achieving your aim, you know, I was thinking that bank is way more better than micro-finance banking, but at some point I realized that they're more reliable than our local bank both in terms of  networking, which is why alot of people have chosen to be saving thier Money in most of this micro finance bank since their level of trust is now becoming equal.

I chosed not to move further because I know that they would waste my time for nothing because Bank aren't to be trusted.
As an individual it's important to avoid banks because they extorting from their costumers and whenever a transaction is carried out they would want to do some silly games just to deceive their customers and most time when you deposited money into your account they wouldn't credit you that moment they would have to hold the credit alert and whenever you see such thing you should know that they are working underway to extort their customers. At this point Bitcoin is more better only when we have seedphrase secured.