How do you trade or withdraw crypto in your country?

[Bisolami]

Trading and withdrawing cryptocurrency used to be bed of roses here in Nigeria before but not anymore. Right now, the government is very much against cryptocurrency and we have some exchanges like Binance and Kucoin that got affected.

Now, these two exchanges have canceled anything that has to do with P2P transactions for Nigerians.
How’s it going with your country?

 

[eldavis]

I simply make use of luno wallet. With luno I can get my crypto, sell it on the site and get paid in my local currency and also send it to my bank account.

 

[Stardom22]

Here in my country people do use the the exchanges to buy and sell crypto currency for that matter.

 

[bestwriter]

I do not trade in crypto. Whener I earned crypto I have sent it to my nephew who converts it for me in fiat currency

 

[King Belieal]

I simply make use of luno wallet. With luno I can get my crypto, sell it on the site and get paid in my local currency and also send it to my bank account.

Does Luno exchange still work in Nigeria? That's because the government has banned all crypto exchanges from trading naira. How long ago have you used Luno to trade crypto to fiat?

 

[eldavis]

Does Luno exchange still work in Nigeria? That's because the government has banned all crypto exchanges from trading naira. How long ago have you used Luno to trade crypto to fiat?

Luno is still working, I made a withdrawal early this month and there was no issue so far.

 

[bestwriter]

I had a BCH wallet and some Sites paid me in this crypto. I used to send it to my nephew who then converted it to Indian rupees and sent to my bank account

 

[Etini Willie]

I simply make use of luno wallet. With luno I can get my crypto, sell it on the site and get paid in my local currency and also send it to my bank account.

Tell us more about Luno exchange. Do you need to do KYC on the platform? Can one still buy crypto with the Nigerian Naira on Luno Wallet?

 

[Fidelia]

For me, I use the Breet App to trade my crypto directly. They pay straight into my Nigerian bank account after converting the crypto to naira.

 

[nomad]

I use P2P trading through Binance. I can use multiple exchanges but one of the exchanges have traders from my country for P2P except Binance

 

[You]

I use reputable exchanges like Binance to trade various cryptocurrencies. For withdrawals, I typically convert crypto to my local currency on the exchange platform, then transfer the funds to my bank account.

Post automatically merged: Jun 11, 2024

I use reputable exchanges like Binance to trade various cryptocurrencies. For withdrawals, I typically convert crypto to my local currency on the exchange platform, then transfer the funds to my bank account.

 

[Niyi Briggs]

I use ByBit to withdraw crypto now in my country. Their peer to peer still supports Nigerian Naira. And it is a good one.

 

[Shavkat]

In my country, we usually use coinbase, coins.ph, and GCash. Although it has been a long time that I have done transacting with cryptocurrency.