Newbies use Decentralized exchanges (DEX) to store your coins

[SmartGold01]

OP don't even keep or store cryptocurrency in decentralised exchanges or centralised exchange but use self or non custodial wallet to store your coins. But if you want sell at dat time, you can transfer to dem and sell them off and not to keep dem there. Both decentralised and Centralised exchanges are term as, "not your key not your wallet".

Exactly. If you are not the only person in control of your seed and the keys to your funds then you are pretty much not the owner of those funds or coins. The idea is in both cases wheather in the case of a decentralised exchange or a centralised exchange you are risking your funds. The idea behind hodling suggests that you are the sole and only owner of your coins and we all know that the idea of coin ownership is directly pinned to your seed phrase and keys.

Most people still HODL coins on centralised exchanges simply because they believe they are safe since they are bounded by government regulations, however they are actually just being naive.

If both cex and dex are not safe then which is safe?

That is why you are here to learn. If you are investing, it is good you use self custodial wallets like, bluewallet, Electrum etc. Those ones are very save to keep and store bitcoin for years and nobody block or do anything to them. But in the Dex and Cex, you are not the controller of the wallet seedphrase, you are only a registered member of the exchange platform so the government policies can also affect you through the exchange. Just like what is happening in di country. Many exchanges have closed because of government pressure.

I have also been hearing about bluewallet but have not used it for storing asset although have been using electrum wallets and it more safe and, of course it's an open source wallet. The government policy isn't that favorable anymore because when someone don't have access to his wallet there is every likelihood to lose asset at any given time because of not having access the seed phrase at your back end.

[Sim_card]

OP don't even keep or store cryptocurrency in decentralised exchanges or centralised exchange but use self or non custodial wallet to store your coins. But if you want sell at dat time, you can transfer to dem and sell them off and not to keep dem there. Both decentralised and Centralised exchanges are term as, "not your key not your wallet".

Exactly. If you are not the only person in control of your seed and the keys to your funds then you are pretty much not the owner of those funds or coins. The idea is in both cases wheather in the case of a decentralised exchange or a centralised exchange you are risking your funds. The idea behind hodling suggests that you are the sole and only owner of your coins and we all know that the idea of coin ownership is directly pinned to your seed phrase and keys.

Most people still HODL coins on centralised exchanges simply because they believe they are safe since they are bounded by government regulations, however they are actually just being naive.

If both cex and dex are not safe then which is safe?

That is why you are here to learn. If you are investing, it is good you use self custodial wallets like, bluewallet, Electrum etc. Those ones are very save to keep and store bitcoin for years and nobody block or do anything to them. But in the Dex and Cex, you are not the controller of the wallet seedphrase, you are only a registered member of the exchange platform so the government policies can also affect you through the exchange. Just like what is happening in di country. Many exchanges have closed because of government pressure.

I have also been hearing about bluewallet but have not used it for storing asset although have been using electrum wallets and it more safe and, of course it's an open source wallet. The government policy isn't that favorable anymore because when someone don't have access to his wallet there is every likelihood to lose asset at any given time because of not having access the seed phrase at your back end.

Blue wallet is also like Electrum wallet and it is user-friendly, very easy for newbies to operate. I use both electrum wallet and blue wallet but I prefer using electrum wallet more than blue wallet because it takes time for blue wallet to load compare to electrum wallet. Keeping your seed phrase safe from third party is the best way to safe guard your funds.

[Agbe]

OP don't even keep or store cryptocurrency in decentralised exchanges or centralised exchange but use self or non custodial wallet to store your coins. But if you want sell at dat time, you can transfer to dem and sell them off and not to keep dem there. Both decentralised and Centralised exchanges are term as, "not your key not your wallet".

Exactly. If you are not the only person in control of your seed and the keys to your funds then you are pretty much not the owner of those funds or coins. The idea is in both cases wheather in the case of a decentralised exchange or a centralised exchange you are risking your funds. The idea behind hodling suggests that you are the sole and only owner of your coins and we all know that the idea of coin ownership is directly pinned to your seed phrase and keys.

Most people still HODL coins on centralised exchanges simply because they believe they are safe since they are bounded by government regulations, however they are actually just being naive.

If both cex and dex are not safe then which is safe?

That is why you are here to learn. If you are investing, it is good you use self custodial wallets like, bluewallet, Electrum etc. Those ones are very save to keep and store bitcoin for years and nobody block or do anything to them. But in the Dex and Cex, you are not the controller of the wallet seedphrase, you are only a registered member of the exchange platform so the government policies can also affect you through the exchange. Just like what is happening in di country. Many exchanges have closed because of government pressure.

I have also been hearing about bluewallet but have not used it for storing asset although have been using electrum wallets and it more safe and, of course it's an open source wallet. The government policy isn't that favorable anymore because when someone don't have access to his wallet there is every likelihood to lose asset at any given time because of not having access the seed phrase at your back end.

Blue wallet is also like Electrum wallet and it is user-friendly, very easy for newbies to operate. I use both electrum wallet and blue wallet but I prefer using electrum wallet more than blue wallet because it takes time for blue wallet to load compare to electrum wallet. Keeping your seed phrase safe from third party is the best way to safe guard your funds.

Okay but normally I have not used bluewallet but I have installed it for someone to use and the person is using very well and I know it is a non Custodial wallet. And the time I wanted used it was not easy for me to used. Sim_card since you said you have used please can you tell me were to get my wallet address from the image below? Thanks.

[Cantsay]

Okay but normally I have not used bluewallet but I have installed it for someone to use and the person is using very well and I know it is a non Custodial wallet. And the time I wanted used it was not easy for me to used. Sim_card since you said you have used please can you tell me were to get my wallet address from the image below? Thanks.

Since Electrum is not available for iOS devices I had to turn to BlueWallet and so far it has been great, nice functionality and all the only problem I had was the time my whole balance refused to reflect in dollars it kept showing me my balance in naira.

Okay, for your question - click on the blue box (that’s showing in the image you posted) —-> you’ll see three dots at the right corner of your screen then click on it —-> scroll down (depending on your device) and click on “show addresses”. It will give you a list of different addresses and also show you the one that has been used before and the one that hasn’t.

Btw, with this wallet you can lock your coin so that you don’t over send/spend your money by mistake.

[Cryptsafe]

Since Electrum is not available for iOS devices I had to turn to BlueWallet and so far it has been great, nice functionality and all the only problem I had was the time my whole balance refused to reflect in dollars it kept showing me my balance in naira.

..........................  Btw, with this wallet you can lock your coin so that you don’t over send/spend your money by mistake.

So far I have not been able to use blue wallet as I do not really get if it is as a result of compatibility or so but I have it fully downloaded but not functional. It keeps loading and loading and a long time to open and in some instances, it just logs out automatically and immediately after opening. I have checked and updated to current version and had to complain via the google play store but no response. This likely a possible bug which the team needs to attend to. However, with respect to the currency denomination, you can make changes their from your settings to any currency you want to see reflecting on your app.  It is not automatic as you can choose from various options yourself.

[Cantsay]

However, with respect to the currency denomination, you can make changes their from your settings to any currency you want to see reflecting on your app.  It is not automatic as you can choose from various options yourself.

I know the settings but it just keeps showing me error each time I try to change it.

I just tried it for dollar and it kept loading but didn’t work and the error didn’t pop up either so I just tried it for a different currency so that I can show you what it usually shows me in my phone.



Just take the “AED” as as”USD”.



In respect to your issue, did you try it with a different device?

[SmartGold01]

OP don't even keep or store cryptocurrency in decentralised exchanges or centralised exchange but use self or non custodial wallet to store your coins. But if you want sell at dat time, you can transfer to dem and sell them off and not to keep dem there. Both decentralised and Centralised exchanges are term as, "not your key not your wallet".

Exactly. If you are not the only person in control of your seed and the keys to your funds then you are pretty much not the owner of those funds or coins. The idea is in both cases wheather in the case of a decentralised exchange or a centralised exchange you are risking your funds. The idea behind hodling suggests that you are the sole and only owner of your coins and we all know that the idea of coin ownership is directly pinned to your seed phrase and keys.

Most people still HODL coins on centralised exchanges simply because they believe they are safe since they are bounded by government regulations, however they are actually just being naive.

If both cex and dex are not safe then which is safe?

That is why you are here to learn. If you are investing, it is good you use self custodial wallets like, bluewallet, Electrum etc. Those ones are very save to keep and store bitcoin for years and nobody block or do anything to them. But in the Dex and Cex, you are not the controller of the wallet seedphrase, you are only a registered member of the exchange platform so the government policies can also affect you through the exchange. Just like what is happening in di country. Many exchanges have closed because of government pressure.

I have also been hearing about bluewallet but have not used it for storing asset although have been using electrum wallets and it more safe and, of course it's an open source wallet. The government policy isn't that favorable anymore because when someone don't have access to his wallet there is every likelihood to lose asset at any given time because of not having access the seed phrase at your back end.

Blue wallet is also like Electrum wallet and it is user-friendly, very easy for newbies to operate. I use both electrum wallet and blue wallet but I prefer using electrum wallet more than blue wallet because it takes time for blue wallet to load compare to electrum wallet. Keeping your seed phrase safe from third party is the best way to safe guard your funds.

This is why i won't use that bluewallet instead i would prefer using Electrum since I am used to it and it's open source, although i have never red about bluewallet to know if is open source or not, I believe we can know more from our brother Charles-Tim he knows about these wallets more better. Please could throw more light for me let know about this wallet if is that trusted to be used.

[Cryptsafe]

However, with respect to the currency denomination, you can make changes their from your settings to any currency you want to see reflecting on your app.  It is not automatic as you can choose from various options yourself.

I know the settings but it just keeps showing me error each time I try to change it.

I just tried it for dollar and it kept loading but didn’t work and the error didn’t pop up either so I just tried it for a different currency so that I can show you what it usually shows me in my phone.



Just take the “AED” as as”USD”.



In respect to your issue, did you try it with a different device?

Maybe you should uninstall and reinstall the app again if you continue to face such challenge and if it persist, I will advice you contact the customer care because from the looks, that seems to be a bug which needs to be attended to or I think you check your device settings to ascertain the location which is currently active on your device but i was curious as to why you would facing such challenge when it should be easy for you to make adjustment manually from your settings.

[Cantsay]

Maybe you should uninstall and reinstall the app again if you continue to face such challenge and if it persist, I will advice you contact the customer care because from the looks, that seems to be a bug which needs to be attended to or I think you check your device settings to ascertain the location which is currently active on your device but i was curious as to why you would facing such challenge when it should be easy for you to make adjustment manually from your settings.

I’ve done all that, aside from contacting support and nothing worked I have just decided to go with NGN since their rate is inline with that of exchanges.

I have been using it in NGN it’s not like trust wallet and those other funkie wallets that have outdated rates their rate is always current so I don’t have issue getting the exact amount I want to move out of the wallet.

I’ll try contacting support though, and see what they have to say concerning the issue.

[Cryptsafe]

Maybe you should uninstall and reinstall the app again if you continue to face such challenge and if it persist, I will advice you contact the customer care because from the looks, that seems to be a bug which needs to be attended to or I think you check your device settings to ascertain the location which is currently active on your device but i was curious as to why you would facing such challenge when it should be easy for you to make adjustment manually from your settings.

I’ve done all that, aside from contacting support and nothing worked I have just decided to go with NGN since their rate is inline with that of exchanges.

I have been using it in NGN it’s not like trust wallet and those other funkie wallets that have outdated rates their rate is always current so I don’t have issue getting the exact amount I want to move out of the wallet.

I’ll try contacting support though, and see what they have to say concerning the issue.

Contacting the support team would be the resolve now since it persists. It possibly might be a bug which they will have to attend to immediately before it is noticed by other users of the app. I pray they attend to your matter with a sense of urgency because my experience with them was not a good one to say. I waited and they never responded to my complaint and it is terrible that i had to delete the app from my phone to have nothing to do with them.