If there is one wallet exchange that is being used a lot by Nigerians to make trades and save their assets it is going to be Binance as 80% of crypto users and holders in Nigeria have Binance with lots of assets in it and recently I heard of it being a banned operation in the country I am yet to confirm.
What next for Nigerians if Binance is banned?
- Thread starter Blessed19
- Start date
If Binance is banned, there are some other cryptocurrency exchange that we can use in Nigeria and a typical example is Kucoin. I have used his platform to receive funds in cryptocurrency several times.
- Thread starter
- #3
there is this thing about binance that interest a lot of people especially Nigerians because it gives us the platform to do our trade ins to do our transactions without the fear of being scammed especially in the P2P section.
The peer to peer of Binance is not to be compared to any exchange. I don't believe Binance would be banned in Nigeria though. Whatever regulatory issues would be sorted out and Binance would be stronger.
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- #5
Seriously I have been letting the one person that has been on my neck telling me that it is confirmed that Binance was banned from Nigeria and I don't know about it which is very rare as I have them I my TL on Twitter.
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- #7
I don't know why in there is a fight against mine is even when it seems to be one of the best wallet exchangewhen you do your trading's or anything that has to do with cryptocurrency binance is the best place to go.
In my country, Binance was not willing to complete the requirements/or permits to operate, so the government blocked the Binance site. Since June 16, Binance has left the Netherland market. But until now Binance is still able to operate in France, Spain, Poland, Italy, Lithuania and Sweden.
There are hundreds of opportunities apart from Binance, you can always use DEX, which surely there is no problem in operating from them if you are from Nigeria, and many decentralized wallets such as Exodus for example, where you can even buy and exchange crypto and tokens.
- Thread starter
- #11
Sure it is not the only wallet exchange in he country but absolutely the best used by many Nigerians who are into crypto currency trading.
Out of 10 crypto traders in Nigeria, 7 are constantly using binance.
They are already banned in Nigeria and people are accessing it through a VPN . Even as Binance suspended naira from P2P, people are still trading crypto amongst themselves on Binance.
You can use the app to send and receive crypto easily. But you can't do that on the web version. You can't withdraw your crypto to naira using Binance.
You are not a Nigerian and why would you wish crypto to be banned in Nigeria? I think you should concern yourself with issues that affects your country.
