Another alternative

[Su-asa]

Based on the issue at hand between binance and the FG protocol, Nigerians are not allowed to use the P2P option in the binance exchange, which I believe all of us are already aware of. And some of us don't have another exchange to send our coins to. So I have come up to share another idea of withdrawing your funds through fiat currency from the binance without making use of the P2P option again.

First of all you have to swap your BTC for USDT, after that click on trade, then in the upper right corner on click fiat. Then you see sell crypto, click on it, you see USDT, tap it and put the figures you want to sell (and follow the prompts). You will be credited ASAP, but you will pay little money for transaction, maybe 1k or lesser.

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[Charles-Tim]

First of all you have to swap your BTC for USDT, after that click on trade, then in the upper right corner on click fiat. Then you see sell crypto, click on it, you see USDT, tap it and put the figures you want to sell (and follow the prompts). You will be credited ASAP, but you will pay little money for transportation, maybe 1k or lesser.

Maybe this may change, but as of now, the centralized P2P on exchanges have better rate. You give out your privacy already and there are other exchanges that you can still use centralized P2P.

[Richbased]

First of all you have to swap your BTC for USDT, after that click on trade, then in the upper right corner on click fiat. Then you see sell crypto, click on it, you see USDT, tap it and put the figures you want to sell (and follow the prompts). You will be credited ASAP, but you will pay little money for transportation, maybe 1k or lesser.

Maybe this may change, but as of now, the centralized P2P on exchanges have better rate. You give out your privacy already and there are other exchanges that you can still use centralized P2P.

The recent developments that has led to the controversy in binance P2P for Nigerians is very unfortunate because I know that binance is the most preferred exchange by Nigerians but however, when one door closes another opens so @ legendary Charles-tim, do you know any reliable exchange with higher rates that one can use to make p2p transactions?

[Charles-Tim]

The recent developments that has led to the controversy in binance P2P for Nigerians is very unfortunate because I know that binance is the most preferred exchange by Nigerians but however, when one door closes another opens so @ legendary Charles-tim, do you know any reliable exchange with higher rates that one can use to make p2p transactions?

Kucoin, Bybit, OKX, HTX MEXC and many other exchanges have centralized P2P.

There are decentralized exchanges also for privacy people https://kycnot.me/

[Cryptomultiplier]

It's so sad that upon all the promises made by BAT to allow the use of P2p initiative and allow cryptocurrency in the country, the opposite is what's being done and well, we will adapt and survive with better ideas.
Binance has been under a lot of pressure these days to perform within and outside their jurisdiction since the case in court against Binance U.S. hence, why am not surprised that other well performing platforms will take its place and have features that would make transaction seamless and with low fees.

Perhaps an alternative would also be to use the swap option on the Binance app, just to swap BTC to USDT before depositing in a wallet or withdrawal.

[Moreno233]

First of all you have to swap your BTC for USDT, after that click on trade, then in the upper right corner on click fiat. Then you see sell crypto, click on it, you see USDT, tap it and put the figures you want to sell (and follow the prompts). You will be credited ASAP, but you will pay little money for transaction, maybe 1k or lesser.

The conversion processes together with the charges make this very expensive to use. There are several P2P exchanges still working for Nigerians and I will prefer using those. The rate here is also very law, even lower than the CBN official rate and that is not acceptable for me. Instead of insisting on Binance, Kucoin and Bybit are there and their verifications are completed in minutes using only National Identification Number (NIN). I also recently learnt that Huobi exchange also offer P2P services at very competitive rate. Many Nigerians have already moved ahead to other reliable platforms with better offers. I will not even advice anyone to keep shishi in Binance because they are ever ready to do anything the government says.


There is even rumors going round the social media that Nuhu Ribadu, the National Security Adviser to the president arrested two senior Binance officials ordering them to release the list of all Nigerians using Binance. If this is true, I think we may be in for something dramatic. So instead of losing your funds in Binance and also facing arrest, it is better you secure your funds first by pulling it out of Binance like I have done.

[Mate2237]

It's so sad that upon all the promises made by BAT to allow the use of P2p initiative and allow cryptocurrency in the country, the opposite is what's being done and well, we will adapt and survive with better ideas.
Binance has been under a lot of pressure these days to perform within and outside their jurisdiction since the case in court against Binance U.S. hence, why am not surprised that other well performing platforms will take its place and have features that would make transaction seamless and with low fees.

Perhaps an alternative would also be to use the swap option on the Binance app, just to swap BTC to USDT before depositing in a wallet or withdrawal.

That was a political statement BAT used to win the election and he BAT is a very lier because when he was campaigning for Buhari in the year 2014, he said the only solution to the Nigerian problems is to remove the former president Goodluck Ebele Jonathan and Buhari would fixed everything in the country and the irony' was the case. And today now naim be the president who promised heaven and earth but all those promises are just to suffer us.
Do you know the funnest part, he promised to give the unemployed youth 3,000,000 jobs every year but now as we dey talk him dey remove ministries wey people dey work . Closing them down. And making people jobless.

Upon all these things people still dey support am . Dem still dey speak for am. If next month end and things are not yet balance then we supposed to do a vote of no confidence and make our representatives start di impeachment process and if dem no dey do then let the Military take over. So that decree will be use instead of these nonsense laws. And the way I am seeing this matter now, the fourth republic is tired and it like to collapse. If not how can a seating president ban things that making the country economy good. Binance and other cryptocurrencies exchanges have nothing to do with Nigeria naira. And it is their obnoxious policies that affecting the naira. Now the question is that if Binance stopped working on the country will the naira bounce back? No. So what is the esses of this nonsense.

[Coyster]

If you dey find alternatives, na to go do your peer to peer trade on other centralized exchanges, wetin dey funny me be say our government no clampdown on centralized exchanges, dem just target only Binance because it is the one that is mostly used by Naija people. DYOR, and you go find other exchanges, and dem dey all operate in a similar way; or better still, you fit just move to peer to peer exchanges, and e go better sev, because you no gats do any KYC and na you go control your coins as you dey trade.

[Samlucky O]

The recent developments that has led to the controversy in binance P2P for Nigerians is very unfortunate because I know that binance is the most preferred exchange by Nigerians but however, when one door closes another opens so @ legendary Charles-tim, do you know any reliable exchange with higher rates that one can use to make p2p transactions?

Kucoin, Bybit, OKX, HTX MEXC and many other exchanges have centralized P2P.

There are decentralized exchanges also for privacy people https://kycnot.me/

I thought mexc exchange does not have p2p? I have been using it for sometime now, but the P2P option didn't work out well like binance or all other exchanges. The P2P that manage to pop up, does not have an NGN. so I am using kucoin now.

[EL MOHA]

I thought mexc exchange does not have p2p? I have been using it for sometime now, but the P2P option didn't work out well like binance or all other exchanges. The P2P that manage to pop up, does not have an NGN. so I am using kucoin now.

Mexc P2P is frustrating in fact couldn’t find it on this my new upgraded app. Of all the exchanges mentioned above the one that I will greatly advice someone to use amongst them is KuCoin, even before the whole binance and Nigeria government saga KuCoin was the best to me because they answer to support swiftly too and the number of the vendor is displayed there. Another great alternative is Bybit because many Nigerians use this exchange to trade more so it’s P2P is also available but fill with scammers when compared to the likes of KuCoin

[Charles-Tim]

I thought mexc exchange does not have p2p? I have been using it for sometime now, but the P2P option didn't work out well like binance or all other exchanges. The P2P that manage to pop up, does not have an NGN. so I am using kucoin now.

I did not see naira (NGN) under P2P on MEXC, but have you tried the express before? Naira (NGN) is included. Express has been the faster P2P means of getting good buyers or sellers fast without going though the stress of looking for buyer and seller. Or is it different on MEXC?

Mexc P2P is frustrating in fact couldn’t find it on this my new upgraded app. Of all the exchanges mentioned above the one that I will greatly advice someone to use amongst them is KuCoin, even before the whole binance and Nigeria government saga KuCoin was the best to me because they answer to support swiftly too and the number of the vendor is displayed there. Another great alternative is Bybit because many Nigerians use this exchange to trade more so it’s P2P is also available but fill with scammers when compared to the likes of KuCoin

OKX is also recommended if you get it right. I also noticed many ads on HTX before with good trading volume.

[teamsherry]

The recent developments that has led to the controversy in binance P2P for Nigerians is very unfortunate because I know that binance is the most preferred exchange by Nigerians but however, when one door closes another opens so @ legendary Charles-tim, do you know any reliable exchange with higher rates that one can use to make p2p transactions?

Kucoin, Bybit, OKX, HTX MEXC and many other exchanges have centralized P2P.

There are decentralized exchanges also for privacy people https://kycnot.me/

I've check some of them out their much verification is not as smart as binance and they are requesting for nin card which I don't have, I did my min few months ago and am still awaiting for them to give me my card, do you use any of them and have any idea on what might work for me right now.

I thought mexc exchange does not have p2p? I have been using it for sometime now, but the P2P option didn't work out well like binance or all other exchanges. The P2P that manage to pop up, does not have an NGN. so I am using kucoin now.

Mexc P2P is frustrating in fact couldn’t find it on this my new upgraded app. Of all the exchanges mentioned above the one that I will greatly advice someone to use amongst them is KuCoin, even before the whole binance and Nigeria government saga KuCoin was the best to me because they answer to support swiftly too and the number of the vendor is displayed there. Another great alternative is Bybit because many Nigerians use this exchange to trade more so it’s P2P is also available but fill with scammers when compared to the likes of KuCoin

I'm checking out kucoin have any idea on their much verification, is it smooth, can I expect to be verified as soon as possible?

[Promocodeudo]

If you dey find alternatives, na to go do your peer to peer trade on other centralized exchanges, wetin dey funny me be say our government no clampdown on centralized exchanges, dem just target only Binance because it is the one that is mostly used by Naija people. DYOR, and you go find other exchanges, and dem dey all operate in a similar way; or better still, you fit just move to peer to peer exchanges, and e go better sev, because you no gats do any KYC and na you go control your coins as you dey trade.

Boss this thing tire me, Nigeria government is directly telling us that anything or move by Nigerians to better their life is not supported by them, what the encourage here is poverty, it is unfortunate that we find ourselves in this kind of country that has everything but fail to take the bold step in utilizing it for the betterment if her citizens, it's very obvious that the act was targeted on Nigerian nothing else, am not bothered there many exchanges that are out their but Nigerian government has indirectly crippled binance business in nigeria with this act of theirs.

[EL MOHA]

I've check some of them out their much verification is not as smart as binance and they are requesting for nin card which I don't have, I did my min few months ago and am still awaiting for them to give me my card, do you use any of them and have any idea on what might work for me right now.

You can check on KuCoin, they actually request for BVN and also NIN of them will get it done before but if i don’t know of now. If you don’t have NIN there is Bybit that I did of recent with BVN you can also used that. Now if your only worry is about the NIN plastic if you have the NIN number which you can check by *346*1# with the number used to register it. After you have the number then you can simply just download the NIMC app on your phone and then input your number and when your details are out you can request for a card which they charge you for, then it will be sent as a PDF after paying you can then take this to any ID creators and they will get it done for you. This can be use to KYC any platform.

[rachael9385]

If you dey find alternatives, na to go do your peer to peer trade on other centralized exchanges, wetin dey funny me be say our government no clampdown on centralized exchanges, dem just target only Binance because it is the one that is mostly used by Naija people. DYOR, and you go find other exchanges, and dem dey all operate in a similar way; or better still, you fit just move to peer to peer exchanges, and e go better sev, because you no gats do any KYC and na you go control your coins as you dey trade.

Boss this thing tire me, Nigeria government is directly telling us that anything or move by Nigerians to better their life is not supported by them, what the encourage here is poverty, it is unfortunate that we find ourselves in this kind of country that has everything but fail to take the bold step in utilizing it for the betterment if her citizens, it's very obvious that the act was targeted on Nigerian nothing else, am not bothered there many exchanges that are out their but Nigerian government has indirectly crippled binance business in nigeria with this act of theirs.

However, I thought as much, because how can a president tighten the country against everyone, the country today is not helping hands and the governments are not helping matters.
As a governments there own na to dey help the whole citizens and to carry them along. Many abandoned projects just dey every states for Nigeria and the government them no dey do anything to put the projects them back to work. Although no body want bad for em state or em country, so the government doesn't want bad at all but they can't work with their both hands, watin I mean be say the government dey always dey talk too much but them mo dey work towards watin dem talk. So them dey only work with their mouth alone. E go better if them also work with their mouth and the both hands.

[AVE5]

The transaction rate of the new development is being too low comparing to the initial or centralized rates and also, the charges are annoying.
These are not really my problem but when I think of what our government is capable of doing to their citizens, I don't think if we could have the peace privileges enjoying our anonymous transactions while using the Binance crypto exchange platform anymore.
I can't say the the money charged on Binance to pay is too big or too small. My take is that the Binance should follow them up by the laws if really they bridged any form of the laws that has warranted the penalty.

[Dailyscript]

OP This is one alternative to continuing trading on Binance, but I would rather take my coins out of Binance until the whole issue has been solved. Currently, i cannot take the risk of leaving my investment in Binance. Since the government still has some queries against them and more may come, of which we may not be aware,. So to be on the safer side, it is best to avoid Binance for now and find other centralised exchanges that offer the same services as Binance. This is my own opinion.

[Gozie51]

OP This is one alternative to continuing trading on Binance, but I would rather take my coins out of Binance until the whole issue has been solved. Currently, i cannot take the risk of leaving my investment in Binance. Since the government still has some queries against them and more may come, of which we may not be aware,. So to be on the safer side, it is best to avoid Binance for now and find other centralised exchanges that offer the same services as Binance. This is my own opinion.

Despite the challenges that binance is going through with the Nigerian government, they won't shutdown their exchange and exit like that, they are not callous to do that and that will be the height of wickedness, you too check am now? Dem no go shutdown with your coins oo, dat no go make sense to dem and for the crypto community globally, so dem must announce am and give Nigerians time to come their coins from their exchange and that is reasonable thing to do. However, but is good if you dey fear to carry your coin comot there if you no get mind but for now na the P2P dem disable because of the way naija government dey think say na trading on binance make naira dey depreciate, story for the gods.

Make dey no go find how dem go carry dey provide electricity like governor Alex Chioma Otti don show himself with electrifying Aba town and gradually him go enter more town for Abia state. Na those things wey federal government suppose dey work towards and not to dey look at youths wey dey manage survive for this hard country. Make them no worry make people begin patronize other centralised exchanges like   then we see whether them go still deactivate their P2P.

[Zanab247]

I no say many ways go dey wey people go dey use dey sell their BTC and other cryptocurrencies in d exchange market, now dat d government think say na binance b d problem of d country and with time dem go no say nor b binance dey cause d dollar d rise higher more than d naira just dat d people d government call experts in d decentralized exchange,dey don't no anything about d exchange.

OP, u have don a great job by showing us another alternative to sell crypto and cash out your money to do other things dat will b keeping u to shine and to live a good life in your environment.

[Smartvirus]

The recent developments that has led to the controversy in binance P2P for Nigerians is very unfortunate because I know that binance is the most preferred exchange by Nigerians but however, when one door closes another opens so @ legendary Charles-tim, do you know any reliable exchange with higher rates that one can use to make p2p transactions?

Kucoin, Bybit, OKX, HTX MEXC and many other exchanges have centralized P2P.

There are decentralized exchanges also for privacy people https://kycnot.me/

E no Dey strange say, for government to creep there way into Cryptocurrency, them go start am with the exchanges as, these exchanges that are widely used are centralized and anything within that system of operation is liable to regulations. Na why, person no gats let go of en skepticism based on certain policies way government pass to promote cryptocurrency awareness and acceptance. E fit turn out anytime say na to bait you them Dey do and later, them go collate the data them don get to use sanction person and give certain verdicts.

No need to be shaken with Binance, other options Dey out there, it’s a matter of familiarity and e possible say, the more this Dey happen, e go push people towards a more decentralized exchange for our matters.