jayboi on Nostr: Peer-to-peer (P2P) decentralized exchanges are platforms that enable direct trading ...

Peer-to-peer (P2P) decentralized exchanges are platforms that enable direct trading of cryptocurrencies between users without the need for an intermediary. P2P exchanges operate without a central authority, reducing the risk of censorship and government intervention. This is particularly relevant in Nigeria, where regulatory uncertainties around cryptocurrencies exist.

Here’s a simple guide on how to trade BTC on Hodl Hodl (npub1yul…ncdu) in Nigeria:

- Visit the Hodl Hodl (npub1yul…ncdu) website and create an account.
- Navigate to the "Buy Bitcoin" section
- Use the search filters to specify your location (Nigeria) and the payment method you prefer.
- Browse through the list of available offers.
- Choose an offer that suits your needs in terms of price, payment method, and seller reputation.
- Click on the offer to view more details.
- Click the "Buy" button on the offer you want.
- Enter the amount of Bitcoin you want to buy.
- Follow the instructions provided by the seller and the platform.
- Send the payment to the seller using the agreed-upon payment method.
- Mark the payment as sent on the platform.
- Once the seller confirms receipt of the payment, the Bitcoin will be released from escrow to your HodlHodl wallet.
- Transfer the Bitcoin from your HodlHodl wallet to your personal Bitcoin wallet for added security.

Congratulations you just purchased your first BTC on a p2p exchange 🫱🏻‍🫲🏽

Note:
- Always check the seller's reputation and feedback.
- Use a secure and trusted payment method.
- Follow Hodl Hodl (npub1yul…ncdu) guidelines and support if you encounter any issues.

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