I can tell you one thing common to 99.99% Binance account holder in Nigeria.

Hardly will you see anyone that fully read their terms and conditions.

If you read Binance terms and conditions fully, you go run!!!

God of Mercy look upon us Oh Lord!

showafrica:
E touch am small. I am sure customer support will start replying Nigerians fast. I am sure abokkiis in the north don't know what's going on here though, they are Nigerians too.

Lol WHO told you aboki Don't do crypto? You think it's 1969?

DaveHarry:
So it now means cryptocurrency transaction is no more decentralized if they(binance) can restrict customer account at the request of "govt" law enforcement agencies. Too bad we were been deceived with that word "decentralized", too bad.

binance itself is a CEX which means it is license, regulated and they have full control of your asset. The worst thing one could do is to use binance to receive fraudlent crypto, you're a gunner. There is a reason why those accounts were blocked

BLoomfrancs:


I don't think so. There is a difference between sending Coins from this address to that address and actually paying for coins, which is what p2p stands for.

okay

showafrica:
E touch am small. I am sure customer support will start replying Nigerians fast. I am sure abokkiis in the north don't know what's going on here though, they are Nigerians too.

Mumu! Abokis account for roughly 60-70% of binance p2p merchants. Cure yourself of bigotry, it is too petty & primitive. You can't go anywhere with that dirty side of you. There is no discrimination in crypto community. we are one big united global. We HODL! Am sure you're not even a hodler, loser.

FreeStuffsNG:
Some 281 Nigerian accounts have been affected by these personal account restrictions with approximately 38% of these cases restricted at the request of international law enforcement.

O pari.

Know that Cryptocurrency itself is a fraud, worse than a Ponzi https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0 and financial mania
and know peace.

Don't waste your hard earned cash on the fraud called cryptocurrency , you will lose las las in this monkey business.

There is no stable coin, it's all a fraud!
https://www.theverge.com/2021/10/15/22728253/tether-41-million-misleading-statements-fiat-currency-bitfinex-cftc

If you have never put your money in the cryptocurrency fraud, you have not lost anything! In fact, you are the clever and financially smart one for not falling for the monkey business.

In case you do not know what Monkey Business is all about; Now read this so you will know that Cryptocurrency is a monkey business fraud :













***************************************
A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.
They ran to the employee, but he had already left too.

The villagers then realised that they had bought the valueless stray monkeys for £700 each and were unable to sell them.

Beware of Monkey Businesses

Real Businesses are always based on Real Products and Services; any profit that comes cheap has a question mark. For instance, invest #2m today and get #4m in 30days. You will get the first month, second month, with the urge to make more money, you invest both the interest and principal into the 3rd month. That's when they vacate.

No more monkeys business this year....

Nice and sweet promises are calculated for u which look wonderful on paper but a mirage in reality.

invest wisely

Again never engage in any form of Monkey Business in "2022".

Remain blessed and shine your eyes!!!

#copied.

Why are you trying So hard to discourage Bitcoin OGA?

Sailor1:


It's 280 accounts out of thousands. It goes that most folks who had their account blocked was cos of a serious infarction

Ok

SocialJustice:
Binance is what modern BDC guys use. Boys are cashing out millions of dollars, guys in their 20s.

I know somebody like no be hear say that Binance blocked his account with $500k worth of bitcoins. I knew he was rich but I never knew he was that rich, like u said guys in their 20’s what made me question the source of the money the guy refused to like really take up the matter. In my mind am like $500,000

Paxxcarl:
But wait o
If I bought usdt from a p2p vendor
And it was discovered that the crypt0 sold to me was involved in a fraudulent transactions will my account be flagged as well?

Nope... it's the person who first received the marked coins or coins from a marked external wallet that has questions to answer.

On certain exchanges like coinbaz, if you receive marked crypt0, your account is automatically blocked

SocialJustice:
Binance is what modern BDC guys use. Boys are cashing out millions of dollars, guys in their 20s.

Yeah... it's not secret... since the scarcity of dollars, most of goods brought into Nigeria are paid for knowingly or unknowingly in crypt0

angelfallz:
Wow international law enforcement? Some Nigerians are in hot soup

Nigerians dae sabi cast system, if them no cast am finish chacha them no go rest. This is almost same reason why paypal doesn’t operate in Nigeria

Paxxcarl:
okay

Most of the ones who are crying that their accounts were blocked are those who hack into peoples accounts and flush all coins to their own address. So, if they have no skeletons in their closets then they should prove their innocence.

angelfallz:
Did you do KYC for your little sis?

Well no... but

cmecproblem:
The biggest insult was calling innocent traders scammers and giving the FBI contact. That was too low, the customer care representative that sent it should be fired.

I thought those who were given FBI contact were those whose accounts were suspended on requests of foreign law enforcement agents

Coldie:

The law enforcement ne’er replies

The question is how did those involved get the crypt0 in their wallet?

If they bought via p2p or on binaz, then they could show evidence of that

showafrica:
E touch am small. I am sure customer support will start replying Nigerians fast. I am sure abokkiis in the north don't know what's going on here though, they are Nigerians too.

guy ,this one loud oo..

Sailor1:


The question is how did those involved get the crypt0 in their wallet?

If they bought via p2p or on binaz, then they could show evidence of that

That makes no sense though, seizing peoples crypto then telling them to contact a law enforcement that never replies

So essentially nothing DEFI about crypto

nextstep:


NO problem, just don't forget that's how MMM was doing all kinds of notices and customer care emails...

If MMM can not kill me, nothing will kill except God

showafrica:
E touch am small. I am sure customer support will start replying Nigerians fast. I am sure abokkiis in the north don't know what's going on here though, they are Nigerians too.

Gbas! gbos!!

Una don join one hope

Englishisamust:
If you have invested 100 dollars in 2010 when bitcoin was still 1 USD. Do you know you will have become a billionaire by now. Why did they want to ban this money making scheme which have lift over 90 percent of our youth from poverty. All crypto asset are dipping this is the best chance to buying. Buy the dip! Buy the dip! Buy the dip!

Shot up !!! Who told you that you will be a billionaire by now

showafrica:
E touch am small. I am sure customer support will start replying Nigerians fast. I am sure abokkiis in the north don't know what's going on here though, they are Nigerians too.

Please come down from your high horse. Those abokkiis can decide to starve you to death today alongside your worthless crypto has no real value. Ignorance is a disease.

Jerryherd:




Binance is not a scam but a mere gamble and not an investment platform or asset

Staking money on bullish or bearish movement of crypto is very very hard to predict, even if you are a pro in fundamental and technical analysis

2015 Naira to a dollar was ₦150
2022 Naira to a dollar is ₦415

Net loss of ₦365

2015 1 BTC to a Dollar was less than $1000, or ₦ 415,000 naira
2022 1 BTC to a Dollar is $37,917 or ₦15,760,621.

14 million naira net profit

Now Nigerian Federal Government has the mind to call Crypto fraud... If crypto making people gain value on their currency is fraud, what of Nigerian Naira that you just lost 1000% of the value of your money in 5 years

.

Wrong analysis. The last time I checked, naira is more stable than crypto currency. The thing wey rise and fall like prick

FreeStuffsNG:
Some 281 Nigerian accounts have been affected by these personal account restrictions with approximately 38% of these cases restricted at the request of international law enforcement.

O pari.

Know that Cryptocurrency itself is a fraud, worse than a Ponzi https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0 and financial mania
and know peace.

Don't waste your hard earned cash on the fraud called cryptocurrency , you will lose las las in this monkey business.

There is no stable coin, it's all a fraud!
https://www.theverge.com/2021/10/15/22728253/tether-41-million-misleading-statements-fiat-currency-bitfinex-cftc

If you have never put your money in the cryptocurrency fraud, you have not lost anything! In fact, you are the clever and financially smart one for not falling for the monkey business.

In case you do not know what Monkey Business is all about; Now read this so you will know that Cryptocurrency is a monkey business fraud :













***************************************
A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.
They ran to the employee, but he had already left too.

The villagers then realised that they had bought the valueless stray monkeys for £700 each and were unable to sell them.

Beware of Monkey Businesses

Real Businesses are always based on Real Products and Services; any profit that comes cheap has a question mark. For instance, invest #2m today and get #4m in 30days. You will get the first month, second month, with the urge to make more money, you invest both the interest and principal into the 3rd month. That's when they vacate.

No more monkeys business this year....

Nice and sweet promises are calculated for u which look wonderful on paper but a mirage in reality.

invest wisely

Again never engage in any form of Monkey Business in "2022".

Remain blessed and shine your eyes!!!

#copied.

FreeStuffsNG appeals to you to "Please stay off the cryptocurrency fraud/scam."

TRASH

Winters23:


all your long epistle only succeeded in exposing your ignorance.

P2p transactions on binance are off-chain and so there's no record of it on the block chain.

If you are talking about receiving naira from merchants into your bank account it will make sense if the bank or cbn block the account for money laundering.

"Who handles the escrow and who owns the escrow wallet the crypto is stored before releasing to the Buyer/Seller on Binance P2P? You see, you successfully exposed your ignorance instead...Chai! Na you kan be the ignoramus

Abeg, TemmyDayo50 don't mind this guy, he is just a glorified crypto illiterate". - Village People Spokesperson

Sailor1:
The CEOs response following the previous thread https://www.nairaland.com/6957498/binance-stop-scamming-us-nigerian#109708402


https://www.binance.com/en-NG/blog/all/a-letter-from-our-ceo-to-nigerians--our-commitment-to-user-protection-421499824684903365

I pity Nigerians. Many are as dumb as sheep. Whites are making millions from gullible, greedy Nigerians.

nrexzy:
Wahala don dey be dat...

Truth be told we nigerian don't understand certain rights & policies of companies...

These foreign companies keep extorting us due to our ignorance....

Exactly

Binanace are just scamming Nigerians

Rolly22:


TRASH

Shut up idiot!

First of all, Who is CZ?