Af0nja:


Download kucoin app, it's on playstore. Sign up and verify your account. Add your phone number and then click on wallets , receive crypto, bep20 chain, copy the wallet and then go back to binance and send it or wtsap me. O8lO5646401

Dalu Nwannem

I wonder what the Nigerian government will do about this. Maybe they will tell Binance to remove Ghana cedis as well

KushLyon:
I wonder what the Nigerian government will do about this. Maybe they will tell Binance to remove Ghana cedis as well

Perfectman91:
Sad, just when I thought of joining binance

You can't predict Nigerian government o. Nevertheless, Nigerians must always find a way. You can use Bitget exchange as it is still operating. I did some p2p transactions today and it was swift.

partner.bitget.com/bg/07132L

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

Convert all your coins to xrp and send to bybit because of the law transfer fee for xrp.
Then when you receive it in your bybit you can convert to usdt and trade p2p or whatever options you were using on binance.
Bybit and binance rate are same.

dkidd:
U can still buy with ur card and sell via spot wallet still credited to ur card

Or maybe switch to cex with good rate like bitget p2p.

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.

This shows that you and the government are equally clueless to how Binance and P2P works.
First of all, prices are not fixed by Binance but by sellers who are speculators. That's why the price for dollar in Binance is always same as street price.

In P2P, Mr. A in Nigeria has naira and wants to buy dollar. Mr B in Nigeria has dollar and wants to sell to get naira. Both Mr A and B have accounts in Nigeria in naira. Mr. A contacts Mr B on Binance and they agree to trade. Mr A sends naira from his Nigerian account to the Nigerian account of Mr B. Mr. B confirms he has got the money, and Binance releases the coin to Mr. A.

In the above transaction, did 1 naira leave Nigeria? No.
Money only moved from bank A to bank B all in Nigeria. Though banks won't know what the movement was for just like when you pay a store owner money for what you bought and naira leaves your account to his account all in same Nigeria.

So the narrative that 20b USD left Nigeria is false and easy way to deceive people just to run from accountability of their failure.

Binance gets money when you internally move coins, and not when you do P2P.
Is it not same government that once thought aboki Fx was the cause of naira decline? Imagine! Same energy leading them to attack Binance now.

They are only specialised in bringing Nigerians to top suffering. Give us dollar, no. Now let's buy digital dollar with naira remaining in the country, no again.

All the developed countries trading P2P in Binance are they idiooots? Even Egypt with failing currency, they not blaming Binance cos that will be foolishhhh way of thinking

Lifestone:

Oga calm down. This is a piece of decision that was long overdue but because of weak leadership, we couldn't tackle it. Go and trade Crypto in China and see what will happen.
That platform was bidding higher rates to make more profits and that floats into the economy. It's unregulated and therefore contraven the investment and financial laws in Nigeria.

This shows that you and the government are equally clueless to how Binance and P2P works.
First of all, prices are not fixed by Binance but by sellers who are speculators. That's why the price for dollar in Binance is always same as street price.

In P2P, Mr. A in Nigeria has naira and wants to buy dollar. Mr B in Nigeria has dollar and wants to sell to get naira. Both Mr A and B have accounts in Nigeria in naira. Mr. A contacts Mr B on Binance and they agree to trade. Mr A sends naira from his Nigerian account to the Nigerian account of Mr B. Mr. B confirms he has got the money, and Binance releases the coin to Mr. A.

In the above transaction, did 1 naira leave Nigeria? No.
Money only moved from bank A to bank B all in Nigeria. Though banks won't know what the movement was for just like when you pay a store owner money for what you bought and naira leaves your account to his account all in same Nigeria.

So the narrative that 20b USD left Nigeria is false and easy way to deceive people just to run from accountability of their failure.

Binance gets money when you internally move coins, and not when you do P2P.
Is it not same government that once thought aboki Fx was the cause of naira decline? Imagine! Same energy leading them to attack Binance now.

They are only specialised in bringing Nigerians to top suffering. Give us dollar, no. Now let's buy digital dollar with naira remaining in the country, no again.

All the developed countries trading P2P in Binance are they idiooots? Even Egypt with failing currency, they not blaming Binance cos that will be foolishhhh way of thinking

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

When a fool is rulling your whole family what does that makes you and your family

Well, I see no relationship between the falling naira and Binance. So $26 billion passing through Binance is a crime. The same FG will be calling for foreign investors. If I am a foreign investor I will never come

Mopolchi:
oponu

wan twar

CyracksMrBlogger:
wan twar

mumu

I remain speculative about the naira's value until I review the CBN book. Notably, President Buhari's administration reportedly printed over 23

trillion naira through ways and means, a subject yet to prompt accountability demands. The Nigerian government often deflects, attributing

economic issues to unrelated parties. In September 2021, Emefiele pointed fingers at AbokiFX for allegedly jeopardising the economy, an

accusation that came amidst ongoing currency devaluation. By February 2, 2021, the CBN had directed banks to shut down certain accounts

relating to several crytocurrency platforms, yet the naira's value kept plummeting. This scenario mirrors a paradox where Nigerian leaders, akin

to a father who complains of hardships while conspicuously enjoying luxuries, fail to align their narratives with their actions, leading to public

skepticism. After 63 years of similar patterns, it's crucial for Nigerians to assert their rights and demand transparency and accountability from their leaders.

ask4bk:

This shows that you and the government are equally clueless to how Binance and P2P works.
First of all, prices are not fixed by Binance but by sellers who are speculators. That's why the price for dollar in Binance is always same as street price.

In P2P, Mr. A in Nigeria has naira and wants to buy dollar. Mr B in Nigeria has dollar and wants to sell to get naira. Both Mr A and B have accounts in Nigeria in naira. Mr. A contacts Mr B on Binance and they agree to trade. Mr A sends naira from his Nigerian account to the Nigerian account of Mr B. Mr. B confirms he has got the money, and Binance releases the coin to Mr. A.

In the above transaction, did 1 naira leave Nigeria? No.
Money only moved from bank A to bank B all in Nigeria. Though banks won't know what the movement was for just like when you pay a store owner money for what you bought and naira leaves your account to his account all in same Nigeria.

So the narrative that 20b USD left Nigeria is false and easy way to deceive people just to run from accountability of their failure.

Binance gets money when you internally move coins, and not when you do P2P.
Is it not same government that once thought aboki Fx was the cause of naira decline? Imagine! Same energy leading them to attack Binance now.

They are only specialised in bringing Nigerians to top suffering. Give us dollar, no. Now let's buy digital dollar with naira remaining in the country, no again.

All the developed countries trading P2P in Binance are they idiooots? Even Egypt with failing currency, they not blaming Binance cos that will be foolishhhh way of thinking

I like half smart people like you.
So what government is saying is that
1. Sellers bid high rates not based any fundamentals but purely speculative, thereafter that rate becomes the benchmark for Mallams that sells Dollar by the road side.
2. You use Naira to buy digital dollar, the total digital dollar transacted in Nigeria is What the government estimated to be over $20billion.
3. Those who are transacting these businesses are not know to the financial system, no KYC.
4. After buying the so called digital dollar, you then use it to do illegal transactions like payment of ransom, receipt of proceeds of yahoo from pickers etc
5. Don't just mention Egypt because they are in a very serious mess with their currency and are only doing what Jonathan and Buhari did, holding the values artificially, but for how long.
What you didn't tell us was why Binance was charged for money laundry in USA, paid a heavy fine (which they should pay here too in Nigeria) and their CEO, Zang was forced to resign.
Nigeria national interest is supreme to any other interest. Those of you claiming to be making money on the B2B platform in Binance are responsible for where Naira is today and no wonder you are crying over it. You only make money when Naira goes further down and you guys kept pushing it further down with your greeds. Unfortunately, you people cry the most that Naira is losing value,yet you are responsible.
Nigeria is bigger than all of you. God pass all of you.

Lifestone:

I like half smart people like you.
So what government is saying is that
1. Sellers bid high rates not based any fundamentals but purely speculative, thereafter that rate becomes the benchmark for Mallams that sells Dollar by the road side.
2. You use Naira to buy digital dollar, the total digital dollar transacted in Nigeria is What the government estimated to be over $20billion.
3. Those who are transacting these businesses are not know to the financial system, no KYC.
4. After buying the so called digital dollar, you then use it to do illegal transactions like payment of ransom, receipt of proceeds of yahoo from pickers etc
5. Don't just mention Egypt because they are in a very serious mess with their currency and are only doing what Jonathan and Buhari did, holding the values artificially, but for how long.
What you didn't tell us was why Binance was charged for money laundry in USA, paid a heavy fine (which they should pay here too in Nigeria) and their CEO, Zang was forced to resign.
Nigeria national interest is supreme to any other interest. Those of you claiming to be making money on the B2B platform in Binance are responsible for where Naira is today and no wonder you are crying over it. You only make money when Naira goes further down and you guys kept pushing it further down with your greeds. Unfortunately, you people cry the most that Naira is losing value,yet you are responsible.
Nigeria is bigger than all of you. God pass all of you.

Your number 4 point is the only valid point of criticism against crypto currency worldwide and not just Nigeria. It can be used for crime without trace. Yet crypto is accepted widely even in USA you talking about. It's the future of money. Money evolves.

The rest of your points still show you don't understand the issue well.
I love how you changed ur narrative now to say the naira people transacted are worth 20 billion USD. You didn't use the CBN lie that 20 billion USD left the country which is the deception they are selling. Because in P2P no local currency leaves the country.
Instead the government is responsible for taking our money away to other countries by not producing to sell, but only buying foreign products. The government doesn't promote locally made food and other products.
Recent Tinubu convoy, over 40 Toyota cars where counted, in a country that produces cars. Spend naira in Nigeria so that the money stays here, but they prefer to give money to Japan in billions of USD. Then the blame the ordinary man in Binance who is not even moving naira away from Nigeria.

Zhao admitted to directly collaborating in money laundering, he was caught and he admitted. That has nothing to do with Binance company. It's his crime. Binance only gives you crypto, future of money, and let's you have access to it. Binance being banned in some places is based on that your valid 4th point. But no sensible country has banned them or accused them of devaluing their money. That's economical fallacy.

I've Binance and before I could ever do anything with it, I did a KYC. I gave them my passport and other info. So the issue of Binance not doing KYC is a big lie the government is using to support their ineptitude.


If you all don't call up the wrong of this government and somehow think it's the lay Nigerian man spoiling the country, then you are not truthful and a part of the problem.

The government has to produce and consume Nigerian products to improve naira

Mopolchi:
mumu

olodo

CyracksMrBlogger:
olodo

opolo e ti yii

hmhameed:
Don’t sleep on it
It’s still very much easy to use P2P on Binance
Click on P2P, change the currency to GHS (Ghana currency) you will see lots of vendors selling to Nigerian in naira

I have been trading with this methods with no problem

U are a life saver. Weldone bro. God bless you

sonofthunder:



So what does this signify and what are the alternatives for Nigerians that already have crypto currencies?

We will still find our ways. Unless they plan to block all exchanges. For now, Exchange like Bitget works for me. If e get as e be, we go dey sell among ourselves like trade and barter.

Henrydata:


U are a life saver. Weldone bro. God bless you

Amen 🙏 🙏

It is sad that everyone has given just one platform an attention instead of spreading their eggs. Anyways, it turns out that we still have platforms like Bitget to carry out this P2P transactions Binance suspended, I guess it's because of the volume they often see on it that made the govt think it is what is making the currency to continue to fall, but now that it is closed, I guess they will now see that is not the solution to save the currency from falling.

Well for us that know little or nothing about Cryptocurrency ..

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hmhameed:
Don’t sleep on it
It’s still very much easy to use P2P on Binance
Click on P2P, change the currency to GHS (Ghana currency) you will see lots of vendors selling to Nigerian in naira

I have been trading with this methods with no problem

Bros, I just checked again now, Nigeria vendors are no longer there. It's as if it has casted

Henrydata:


Bros, I just checked again now, Nigeria vendors are no longer there. It's as if it has casted

Try KES currency and check those who are paying in naira

hmhameed:

Try KES currency and check those who are paying in naira

Yes, I have seen it. Its just they are not much again

Henrydata:


Bros, I just checked again now, Nigeria vendors are no longer there. It's as if it has casted

You people should share whatever you want to share with each other via DMs ..there are government spies viewing threads like this and any update you post will be casted and they will block it too. This is common sense

Abigailzino:


You can't predict Nigerian government o. Nevertheless, Nigerians must always find a way. You can use Bitget exchange as it is still operating. I did some p2p transactions today and it was swift.

partner.bitget.com/bg/07132L

Guy na you try pass, I no know say this Bitget good like this oooo...e don tey wey I dey jonze. Just did a p2p transaction seamlessly now. Thanks

PalazoGiggy:


Guy na you try pass, I no know say this Bitget good like this oooo...e don tey wey I dey jonze. Just did a p2p transaction seamlessly now. Thanks

Abeg bro, wetin be their minimum transfer rate for BNB?

Elliotwaveforec:

We go still block am! Bybit, Kucoin, etc. We go dey expose all the exxhanges

We are not shaking. We will always look for alternative 😎