Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,362 members, 7,998,705 topics. Date: Sunday, 10 November 2024 at 02:15 AM

Binance Drops Naira From P2P Portal - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Binance Drops Naira From P2P Portal (33672 Views)

Crypto Exchanges Start Delisting Of Naira From Platforms / Binance Finally Delisted NGN From P2P Market / How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)

Re: Binance Drops Naira From P2P Portal by Tristical: 7:31pm On Feb 28
Sometimes the way we think and talk in this country I'm just amazed
All because a man comes from your tribe you support everything he does even if he's clearly wrong.

They said 26B passed through binance without trace who has that kind of money if not politicians
It's sad we support those who oppress us just because they come from our tribes.

Binance is not the problem it's our structure of leadership and governance
Soon they will start blaming Fintech companies like grey and geegpay all because they don't want to blame their own policies yet we keep supporting them.

The truth is with the kind of debt we owe as a nation and the fact that we are a consuming nation it will be almost impossible for the naira to improve.
A time will come when it will be obvious binance has nothing to do with the naira and they will say it's something else and the unwise tribalistic people in our midst will still support them.
Wake up Nigerians politicians don't care about you even if you're from the same tribe...

Tribalism is what they preach to distract us from coming together and becoming a formidable force.
How come all the tribes are represented in government and they get along so well they even have dinner and smile even if they are from different tribes.
But they keep preaching tribalism to you to win you to their side.
Wake up Nigerians....

13 Likes

Re: Binance Drops Naira From P2P Portal by GreaterFuture(m): 7:32pm On Feb 28
gabicon:


I can't fully comprehend why some people are complaining, we exchanged $28b value of crypto in 12 calender month,the effects of which are manufacturing companies can't buy raw materials, sick people can't seek treatment, importers are stranded, students can't pay school fees, hyper inflation etc.
Ehnnn??
What are you saying? How? Explain better
Re: Binance Drops Naira From P2P Portal by Truths9ja: 7:33pm On Feb 28
You can still trade and withdraw on kucoin wallet

2 Likes

Re: Binance Drops Naira From P2P Portal by HazardAwka(m): 7:34pm On Feb 28
dkidd:


See wetin u miss
edited
Re: Binance Drops Naira From P2P Portal by PepeXKermit: 7:37pm On Feb 28
Before them say na abokifx, after them say na marketers, later them say na mallam, let me see what they will say now after this event. You cann9t grab power by force and think that the goodwill of the people will follow you. I have not seen any country that power was gtabbed by force by one set of people and the country does well or the people in power enjoy the good will of the people

3 Likes

Re: Binance Drops Naira From P2P Portal by PepeXKermit: 7:38pm On Feb 28
Truths9ja:
You can still trade and withdraw on kucoin wallet

Kucoin no go even send them sef...people wey no get any naija support.

1 Like

Re: Binance Drops Naira From P2P Portal by akinsmail51: 7:41pm On Feb 28
FOUR PLOTS of Land for sale at Adetoyebi, After Adeogun behind UI/IITA axis, Ibadan.

The land is suitable for commercial and residential purposes, you can buy it to build schools, shopping complexes, hostels or houses for rent or use it for land banking.

We sold TWO PLOTS from these parcels of land late last year, here's an opportunity for fast fingers.

Price: #8.5m

#landforsale #landbanking #landinvestment
Re: Binance Drops Naira From P2P Portal by PepeXKermit: 7:42pm On Feb 28
Feldie:
Binance is not a legit source of income. Any profit you make from crypto trading is tantamount to printing money as you didn't bring anything of value to the society. Govt cannot ban it though. Politicians earn money without doing anything of value so why can't the average citizen?

So if i put my money in shares and it appreciates, e mean say na tantamount to printing money?

6 Likes

Re: Binance Drops Naira From P2P Portal by PepeXKermit: 7:45pm On Feb 28
9jatriot:
Binance was designed to be an exchange. That means, if I need a particular currency TO DO SOMETHING, I look for someone who needs my currency and has the currency I need. Nigerians on the other hand, even if they do not need the currency just go and make the money unproductive.

But Nigerians turned it into a tool to sabotage the Nation, although I admit for a lot of people, that was not the intent, but it has had the attendant effect of sabotaging the nation to the turn of 26B USD that CBN cannot trace, no responsible government if made aware of it will seat back and look on.

Note, this is just one of the things that they have done among many others.

Sabotage the nation? You lack understanding of basic economics

4 Likes

Re: Binance Drops Naira From P2P Portal by Ojemedad: 7:45pm On Feb 28
Haha, I laugh at the people leading Nigeria, very dull, clueless and outdated

5 Likes

Re: Binance Drops Naira From P2P Portal by Sunisonflex39(m): 7:45pm On Feb 28
Kobicove:


I hope price of food items in the market will also crash cos a lot of people are struggling to feed sad


The greedy once will not crash price..no be Nigeria me and you dey?
Re: Binance Drops Naira From P2P Portal by Goalnaldo(m): 7:47pm On Feb 28
Is this the reason why I was logged out of binance and could login again for almost three days now?
Re: Binance Drops Naira From P2P Portal by mekuscato: 7:47pm On Feb 28
please someone should help me, I have 744 USDT in Binance, I want to redeem my money and the only thing I know in Binance is p2p.. please which other way can I use to redeem my money since P2P is no longer working

2 Likes 1 Share

Re: Binance Drops Naira From P2P Portal by Abujaexpress: 7:49pm On Feb 28
nlfpmod:


https://gazettengr.com/binance-disables-p2p-function-amid-clampdown-from-nigerian-authorities/
I sold 15k Naira on Binance P2P and I was paid. What Binance disabled is Naira to USDT/USDC trade
Re: Binance Drops Naira From P2P Portal by DeLaRue: 7:51pm On Feb 28
Solofresh2:
Even Binance fear Tinubu lol

The USA is friends with Nigeria.

Nigeria only needs to allege money Laundering or terrorism financing to or from Nigeria are going through Binance and provide proof and Binance will be in even bigger trouble with the US than it is.

And I suspect the US or UK may have a hand in providing that information about $26 billion to Nigeria.

Binance former billionaire CEO is already in custody (or may be on bail) in the US having been tried and found guilty of fraud (I think) there. I think he is facing jail term, though I'm not sure as I haven't followed the story lately.

When naive and pretend socialist like Mr Femi Falana goes on media to say Nigeria must join BRICS, I smile.

The only country that any company in the world fears is the USA. Not powerless Russia or disinterested China.

Why would Nigeria de-friend a mighty USA and start hanging out with BRICS. The time for that may come in the future, but right now, we need to be on the side of the US.

Only the US can save us right now.

1 Like

Re: Binance Drops Naira From P2P Portal by profmallor: 7:51pm On Feb 28
I did mention it some days back that the naira was about to rise seriously against the $$.. looking at the daily trend and that MACD, NGN ia bout to get too strong. I hope there is a timeline to the restoration of Binance P2p

1 Like

Re: Binance Drops Naira From P2P Portal by owelle22(m): 7:51pm On Feb 28
Opportunity for other exchangers to take over nigeria market

2 Likes

Re: Binance Drops Naira From P2P Portal by owelle22(m): 7:54pm On Feb 28
mekuscato:
please someone should help me, I have 744 USDT in Binance, I want to redeem my money and the only thing I know in Binance is p2p.. please which other way can I use to redeem my money since P2P is no longer working

I can buy it from you and credit you naira
Re: Binance Drops Naira From P2P Portal by Truths9ja: 7:56pm On Feb 28
Kucoin crypto currency app is perfectly fine. Use my code when signing up on kucoin. You can withdraw on kucoin crypto currency wallet app. My refer code: rB31GDW

1 Like

Re: Binance Drops Naira From P2P Portal by Seeker675: 7:56pm On Feb 28
dkidd:


See wetin u miss
Which app be this

1 Like

Re: Binance Drops Naira From P2P Portal by Tareq1105: 7:56pm On Feb 28
Matinox:
It's even more painful to think that come 4 years, Nigerians will still fight for another fool to be president for reasons far below competency and integrity

And you think Obi get sense more than Tinubu?

Did you watch Obi at the Economic Summit Group debate before the election?

It's on Google. Watch the three of them again before you attack me.

It's easy for Obi and obidients to talk bcoz Obi is not on the hot seat.

Person wey dey use mouth drive motor no dey get accident. 30% of decisions Tinubu has taken so far, Obi no fit take am.

Fools.

6 Likes 2 Shares

Re: Binance Drops Naira From P2P Portal by mekuscato: 7:57pm On Feb 28
owelle22:


I can buy it from you and credit you naira
how can we trade it
Re: Binance Drops Naira From P2P Portal by dkidd: 7:57pm On Feb 28
Seeker675:

Which app be this
Binance

1 Like

Re: Binance Drops Naira From P2P Portal by takimsipho(m): 7:59pm On Feb 28
dkidd:
U can still buy with ur card and sell via spot wallet still credited to ur card
what if I have crypto in Coinbase, how do I get it to drop in my Nigerian bank account
Re: Binance Drops Naira From P2P Portal by owelle22(m): 7:59pm On Feb 28
mekuscato:

how can we trade it

08068377512 whatsapp me let's deal
Re: Binance Drops Naira From P2P Portal by Ramirezkhay(m): 8:00pm On Feb 28
cheesy

How you take do am


grin
dkidd:

Binance
Re: Binance Drops Naira From P2P Portal by CyracksMrBlogger(m): 8:00pm On Feb 28
Mopolchi:
NGN is now SGH which means Shege Banza
e no ryme joor short up
Re: Binance Drops Naira From P2P Portal by GreaterFuture(m): 8:00pm On Feb 28
Calylove:
If a country's currency is not available for trading on a platform like Binance, it can have several effects, though the impact is more relevant to the foreign exchange (forex) market. Here are some potential effects:

Limited Exposure: Traders and investors on Binance won't have exposure to that particular currency. This might limit their ability to diversify their portfolios, as they won't be able to trade or invest in that specific currency pair.

Reduced Liquidity: The absence of a particular currency on a major trading platform may result in reduced liquidity for that currency in the broader forex market. Liquidity is important for efficient trading, and less liquidity can lead to wider spreads and potentially more volatile price movements.

Market Perception: The availability of a currency on major trading platforms can influence its perception in the market. If a currency is not listed on significant exchanges, it might be perceived as less widely traded or less significant in the global market.

Limited Trading Opportunities: Traders won't be able to take advantage of potential trading opportunities involving that specific currency. This limitation might impact their ability to capitalize on market trends, news, or economic events related to that currency.

Impact on Economic Activity: In the broader sense, the absence of a country's currency on major trading platforms may have an impact on its economic activity. A lack of exposure in the global forex market can affect a country's ability to attract foreign investment and engage in international trade.

It's important to note that the availability of currencies on a specific trading platform is influenced by various factors, including market demand, regulatory considerations, and the platform's business decisions. The effects mentioned above are contingent on the specific circumstances surrounding the absence of a country's currency on a particular trading platform.
So summarily, you are saying it is madness to remove one's country's Currency from Binance?
Everything about that is just a Big NO... Right?

1 Like

Re: Binance Drops Naira From P2P Portal by Tareq1105: 8:00pm On Feb 28
DeLaRue:


The USA is friends with Nigeria.

Nigeria only needs to allege money Laundering or terrorism financing to or from Nigeria are going through Binance and provide proof and Binance will be in even bigger trouble with the US than it is.

And I suspect the US or UK may have a hand in providing that information about $26 billion to Nigeria.

Binance former billionaire CEO is already in custody (or may be on bail) in the US having been tried and found guilty of fraud (I think) there. I think he is facing jail term, though I'm not sure as I haven't followed the story lately.


He was not found guilty. He himself pleaded guilty. He admitted his dubious acts.

1 Like

Re: Binance Drops Naira From P2P Portal by takimsipho(m): 8:02pm On Feb 28
dkidd:


See wetin u miss
na wc crypto app be this guy?
Re: Binance Drops Naira From P2P Portal by Feldie: 8:06pm On Feb 28
PepeXKermit:


So if i put my money in shares and it appreciates, e mean say na tantamount to printing money?
the company whose shares you put the money, don't they render services?

2 Likes

Re: Binance Drops Naira From P2P Portal by Astra101: 8:07pm On Feb 28
Calylove:
If a country's currency is not available for trading on a platform like Binance, it can have several effects, though the impact is more relevant to the foreign exchange (forex) market. Here are some potential effects:

Limited Exposure: Traders and investors on Binance won't have exposure to that particular currency. This might limit their ability to diversify their portfolios, as they won't be able to trade or invest in that specific currency pair.

Reduced Liquidity: The absence of a particular currency on a major trading platform may result in reduced liquidity for that currency in the broader forex market. Liquidity is important for efficient trading, and less liquidity can lead to wider spreads and potentially more volatile price movements.

Market Perception: The availability of a currency on major trading platforms can influence its perception in the market. If a currency is not listed on significant exchanges, it might be perceived as less widely traded or less significant in the global market.

Limited Trading Opportunities: Traders won't be able to take advantage of potential trading opportunities involving that specific currency. This limitation might impact their ability to capitalize on market trends, news, or economic events related to that currency.

Impact on Economic Activity: In the broader sense, the absence of a country's currency on major trading platforms may have an impact on its economic activity. A lack of exposure in the global forex market can affect a country's ability to attract foreign investment and engage in international trade.

It's important to note that the availability of currencies on a specific trading platform is influenced by various factors, including market demand, regulatory considerations, and the platform's business decisions. The effects mentioned above are contingent on the specific circumstances surrounding the absence of a country's currency on a particular trading platform.

Just shut the fuccck up! Get out with your Ai generated write up... Dumbass!

6 Likes 1 Share

(1) (2) (3) (4) (5) (6) (7) (8) (Reply)

Naira Crashes To ₦1,210 To US Dollar / Brain Drain Hits Nigerian Banks As Tech Experts, Others Resign In Droves / Mohammed Indimi Didn't Donate $14Million To Lynn University

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 45
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.