How Are Nigerians Dealing With Cryptocurrency?

[Bisolami]

For some days now, the federal government of Nigeria have been at loggerheads with some citizens and also some trading platform like Binance.

As at now, they are trying to block every means they know that citizens can use to trade cryptocurrency or withdraw into their banks accounts. Some of us are still stubborn though but what’s your view on this matter?

 

[King Belieal]

I see it as the government just flexing their muscles because the more they deter us, the more we would be inclined with crypto. It might be the only way young people from Nigeria work online and get paid but they don't care.

 

[riberet19]

It seems that the Nigerian government is willing to end cryptocurrencies in the country, now wanting to end P2P services, but what they don't know is that cryptocurrencies are P2P by nature and do not need any exchange to work, but that is something that Nigerians have to put into practice, cryptocurrencies were born so that there was no trusted third party to tell you when you can transact and when you can't.

 

[nomad]

I hear that they have blocked Binance, and Coinase does not offer full functionality. IN a situation like this they must be facing big problems in investment and trading.

 

[Fidelia]

There are so many local exchanges that are still facilitating exchange services for Nigerians to use and exchange their crypto.

 

[uptrendfinancialsignal]

Currently, cryptocurrency is banned in Nigeria and most of the cryptocurrency exchanges operating in the country right now are doing so at their own detrimental.

 

[Ratine]

I bet that the nation of Nigeria would finally illegalize the use of the cryptocurrency.

 

[Fidelia]

I bet that the nation of Nigeria would finally illegalize the use of the cryptocurrency.

It would surely happen. When the tides are down, crypto would be legalized in Nigeria and people would be free to participate in the crypto market.

 

[Smalto]

I see it as the government just flexing their muscles because the more they deter us, the more we would be inclined with crypto. It might be the only way young people from Nigeria work online and get paid but they don't care.

Definitely, they are just pained that crypto has become an escape route for the youths, they always want to control and impoverish people, but they can't stop us, the more they keep trying the more stronger we keep becoming.

 

[Fidelia]

For now, one can't access the website of any crypto exchange unless with the use of a VPN. But the crypto exchange apps can still be accessed v

 

[Shavkat]

It seems the local government is trying to be stricter with this matter. In my country, some politicians are planning to do this, too. They started to be stricter for online shopping apps here though.

 

[Etini Willie]

I am just certain that these people can't stand against our resolve. People are now using ByBit through a VPN to continue their crypto trading activities.

 

[Ratine]

For me l don't think that the federal government of Nigeria have plans to ban the cryptocurrency.

 

[Fidelia]

ByBit just got very popular because all Nigerians have flocked to it to continue their crypto trading and the government knows about it.

 

[Rubz]

Well, i believe that Nigerians are able to deal with crypto currencies effectively. This is because even with the government disturbance, there are still a lot of exchanges which one can use to trade crypto or withdraw it to one's bank account.

 

[Stardom22]

Living in Nigeria is a very hard thing for sure. I think they only survive with VPNs and P2P systems.

 

[King Belieal]

I just downloaded Bitget exchange yesterday. I would verify it and see if it would work for naira transactions.

 

[Ratine]

I had that the federal government of Nigeria is hesitating to prohibit the use of the cryptocurrency

 

[Kosi G]

Bybit has been the saving grace e for most Nigerians that deal with crypto. Many people in Nigeria have verified Bybit accounts.