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Author Topic: Will Nigeria crypto and forex traders ever enjoy liberty??  (Read 228 times)
MarvieJ (OP)
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March 12, 2024, 02:41:17 AM
 #1

As a Nigerian citizen we gotta keep the ground running as imposed by our govt, well my ears has been on the ground since then for latest update concerning binance p2p ban in Nigeria, a few of my crypto folks have suggested other alternatives like okx, bybit , bitget etc. I signed up on the trio to explore their features, the latter is giving out some BGB rewards just by completing your very first P2P buy order. For a start it seems cool yeah.


After trying out those three exchanges, I think I’ll go with the latter cex for the following reasons.

First off, their appeal time is super quick compared to Bybit exchange, they understand that time is precious, and make it a point to resolve any issues within just few hours. Bybit can literally keep you waiting for more than 24 hours and am talking from experience. I mistakenly did a transfer twice to one of their p2p merchant which took forever to be resolved.

Now back to comparison, bitget selling and buying prices are among the best in the market imho, they seem to always be on their toes as other competitors are in the market.

In terms of safety I’ll still pick them because after sending excess funds to bybit p2p merchant, he outrightly blocked me and stopped picking my calls.. when a merchant on bitget p2p delayed in sending funds after estimated time has elapsed, I filed an appeal and their CS released my funds to me in less than 1hr after asking me for video proof and all that .

But it's not just about features and functionality, the exchange p2p Authentication is a breeze. We just need to input our fund code to release the funds. No need to go through the hassle of using Google Authenticator or waiting for email code verification like on some other platforms like binance exchange.


Talking about those merchants demeanor on the cex, I've personally interacted with many of them, and they're fast. They complete the payment in just 2 to 3 minutes, which is way quicker than what I've experienced on other platforms. Plus, they're humble and helpful, which makes the whole process so much smoother.

No gree for anybody, when one door shut we stomp the other door, the govt cannot control everything. Don’t give up on crypto because of this and rather look for an alternative which I stated above ..
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March 12, 2024, 12:46:27 PM
 #2

where are Nigerians trading P2P at the moment?

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March 12, 2024, 02:22:07 PM
 #3

All hope is not all we need is to sort out ways of succeeding no matter the barrier P2P will soon show well  with any exchange that position it's self with good delivery service.

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March 12, 2024, 02:57:19 PM
 #4

where are Nigerians trading P2P at the moment?

I think the OP already mention Bitget, Bybit and OKX. From my experience, Bybit has the highest traffic for now but users are complaining of scam and poor customer service. Perhaps you should try out Bitget
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March 12, 2024, 04:38:31 PM
 #5

where are Nigerians trading P2P at the moment?

I think the OP already mention Bitget, Bybit and OKX. From my experience, Bybit has the highest traffic for now but users are complaining of scam and poor customer service. Perhaps you should try out Bitget
Thank you, I used Kucoin but the number of P2P agents is very low. Nigeria will miss binance for a while

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March 12, 2024, 06:32:41 PM
 #6

Op you don try, e no easy to write out this kind long informative post wey go help others make good choice of exchange to use take trade their coins. Actually when I use binance I no see anything like verification code from email to release coin, but rather na just my password or finger print naim I use to release coin after I don confirm payment. Just like wattin ololajulo talk, we go really miss binance exchange. Because na them get one of the most fastest KYC approval especially when you use bVN take verify. Currently now, I'm checking kucoin out but, for the verification stage, them deny my BVN verification for more than 5 times before I come use another alternative.

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March 12, 2024, 06:57:14 PM
 #7

Op you don try, e no easy to write out this kind long informative post wey go help others make good choice of exchange to use take trade their coins. Actually when I use binance I no see anything like verification code from email to release coin, but rather na just my password or finger print naim I use to release coin after I don confirm payment. Just like wattin ololajulo talk, we go really miss binance exchange. Because na them get one of the most fastest KYC approval especially when you use bVN take verify. Currently now, I'm checking kucoin out but, for the verification stage, them deny my BVN verification for more than 5 times before I come use another alternative.

No be lie. Binance na big name but other cex don step up oo. Bitget verification wey I confirm myself na 1hr and their P2P rate sharp with active merchant. Them don try for that matter.. so I believe that user recommendation..
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March 12, 2024, 07:44:38 PM
 #8

The government open the eyes of crypto users to discovered many exchange platform that can allow users to buy and sell crypto without making use of binance exchange platform because binance platform is the most popular exchange platform that has the highest population of Nigeria crypto users.

Traders are enjoying liberty OP, do you know that Nigeria traders are still trading their coins every night and day to take profit from the market, despite the banned the federal government of Nigeria announced few months ago to banned one popular exchange platform in Nigeria.

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March 12, 2024, 08:15:01 PM
 #9

The government open the eyes of crypto users to discovered many exchange platform that can allow users to buy and sell crypto without making use of binance exchange platform because binance platform is the most popular exchange platform that has the highest population of Nigeria crypto users.

Traders are enjoying liberty OP, do you know that Nigeria traders are still trading their coins every night and day to take profit from the market, despite the banned the federal government of Nigeria announced few months ago to banned one popular exchange platform in Nigeria.
For me this na the worse wey them fit do because dem feel say with the ban on binance e go stop people from investing and trading dollar and maybe given their valueless naira some hope to rise up but that totally different from what is happening because binance have been stopped from having anything concerning naira on it but that no mean say na only binance dem get because a whole lot of different exchange still dey wey people dey do their things on a low.

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March 12, 2024, 08:25:33 PM
 #10

Thank you, I used Kucoin but the number of P2P agents is very low. Nigeria will miss binance for a while

I have to disagree with you on this maybe the period you use the platform the P2P trading vendors might be low which is still unbelievable to me or you might have been looking to trade for a very low amount which is something this is very low interms of vendors.

KuCoin is my biggest P2P exchange aside binance in fact they were times I prefer it way more than binance itself. It supports are proactive interms of queries or anything. But if you do not want to use it then use Bybit it is one of the most famous platforms for Nigeria crypto future traders and as such has enough vendors using it too

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March 12, 2024, 08:44:12 PM
 #11

Perhaps, the recent action of Nigeria government against the most popular P2P exchange platform (Binance) has only helped to push Nigerians towards finding a better and reliable platform that could fill the gap of binance presence in Nigeria.

Unfortunately to you OP you have been scammed by some p2p Marchants for some reason, I would have said you should be more careful to use platform, although its not the fault of any exchange that people get scammed but it's solely on everyone to be security conscious while trading, if you haven't received don't give out funds or coins that is just it. 

You could settle for a better exchange (centralized) like kucoin which has been helpful to must people since the ban of p2p in binance, but if you're a fan of privacy like me you could go for a better decentralized exchanges, that will be better.


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March 12, 2024, 09:37:48 PM
 #12

Perhaps, the recent action of Nigeria government against the most popular P2P exchange platform (Binance) has only helped to push Nigerians towards finding a better and reliable platform that could fill the gap of binance presence in Nigeria.

Unfortunately to you OP you have been scammed by some p2p Marchants for some reason, I would have said you should be more careful to use platform, although its not the fault of any exchange that people get scammed but it's solely on everyone to be security conscious while trading, if you haven't received don't give out funds or coins that is just it. 

You could settle for a better exchange (centralized) like kucoin which has been helpful to must people since the ban of p2p in binance, but if you're a fan of privacy like me you could go for a better decentralized exchanges, that will be better.

Yeah we all needs to be more careful and guided because this is the time we're scammers will fall out from different angles trying to conveniently start convincing people that they are still into P2P for you to sell to them within 5mins you will receive your payment some can even go as far as making a fake transfer to you which will reflect on your account as double up balance but at the end it fall to be a scam we all need to be very guilded at this time...

Thanks 🙏👍
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March 12, 2024, 09:45:49 PM
 #13

The government open the eyes of crypto users to discovered many exchange platform that can allow users to buy and sell crypto without making use of binance exchange platform because binance platform is the most popular exchange platform that has the highest population of Nigeria crypto users.

Traders are enjoying liberty OP, do you know that Nigeria traders are still trading their coins every night and day to take profit from the market, despite the banned the federal government of Nigeria announced few months ago to banned one popular exchange platform in Nigeria.

The Nigerian government Don't know that their youth is more useful, intelligent smart and stronger than them we only habe to come together to make things happen can't you  see that instead of the youth to be broken about the sanctions against binace NO instead they are stronger and more advance to find out another crypto exchange that will soon dominate all the works of binace and will also be soon famous in the country.. when we told them soroseko they think we are playing we have already far to be quench or stop.......

Nigeria government police against forex trader has nothing to do us it might harm us but will never kill us And when we rise we are raising up in Glory and advancements......
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March 12, 2024, 10:28:47 PM
 #14

We shouldn't expect everything to just become accepted and patronized by persons or in this case, the government, who do not understand better or claim not to understand all because they want a share in form of tax.

Until we have a younger more technologically driven president in this country, we will still have to manage and strive to make our older leaders understand that earning these days don't get to come from a regular or part time paying job. One can remotely work online as well as trade forex or cryptocurrency from the comfort of their bedroom and still do better than a regular office worker.

I must say I understand the concern of government in trying to protect its citizens from online scams like that of MMM, but it should take cooler heads and brilliance to project crypto and forex to the government as a legal means of earning and staying governed in a country where prices and rate of terrorism and insecurity has risen.

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March 13, 2024, 05:19:33 AM
 #15

The government open the eyes of crypto users to discovered many exchange platform that can allow users to buy and sell crypto without making use of binance exchange platform because binance platform is the most popular exchange platform that has the highest population of Nigeria crypto users.

Traders are enjoying liberty OP, do you know that Nigeria traders are still trading their coins every night and day to take profit from the market, despite the banned the federal government of Nigeria announced few months ago to banned one popular exchange platform in Nigeria.

The Nigerian government Don't know that their youth is more useful, intelligent smart and stronger than them we only habe to come together to make things happen can't you  see that instead of the youth to be broken about the sanctions against binace NO instead they are stronger and more advance to find out another crypto exchange that will soon dominate all the works of binace and will also be soon famous in the country.. when we told them soroseko they think we are playing we have already far to be quench or stop.......

Nigeria government police against forex trader has nothing to do us it might harm us but will never kill us And when we rise we are raising up in Glory and advancements......
You have already stated what was on my mind,  our youths are very smart and we always finds another alternatives im what ever we do. But the areas we fail is we don't act when things are not worse. On binance there have been several ways to sell crypto for fiat, p2p withdraw and sell crypto, but lot of people already put there minds on p2p because that is the most easy way to sell crypto for fiat. But I think even without the binance exchange we can still do well when is come to p2p transactions, we already other exchanges like OKX, KUCOIN, YELLOWCARD and lot more.

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March 13, 2024, 07:31:29 AM
 #16

The government open the eyes of crypto users to discovered many exchange platform that can allow users to buy and sell crypto without making use of binance exchange platform because binance platform is the most popular exchange platform that has the highest population of Nigeria crypto users.

Traders are enjoying liberty OP, do you know that Nigeria traders are still trading their coins every night and day to take profit from the market, despite the banned the federal government of Nigeria announced few months ago to banned one popular exchange platform in Nigeria.

The Nigerian government Don't know that their youth is more useful, intelligent smart and stronger than them we only habe to come together to make things happen can't you  see that instead of the youth to be broken about the sanctions against binace NO instead they are stronger and more advance to find out another crypto exchange that will soon dominate all the works of binace and will also be soon famous in the country.. when we told them soroseko they think we are playing we have already far to be quench or stop.......

Nigeria government police against forex trader has nothing to do us it might harm us but will never kill us And when we rise we are raising up in Glory and advancements......

No be lie .last time it was aboki fx, now it's binance..but I think crypto or P2P can't be stopped. Lots of options have been mentioned here. But I've tried just one alternative Bitget and I've been glued. Their rate sharp..
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March 13, 2024, 11:44:26 AM
 #17

OP thank you for this information wey you don Share so, because me I no been really know about this information, I been think say na something wey na only for BYBIt person fit run sharp transactions for crypto no because I nobeen really know about others so I no fit trust them well but now wey you don drop dis update and Plus the comparison wey go com help person know how to navigate the exchange well , I go check them out make I for try am see how e go be ma for confirm am.

All this kind information good well well because e go help us now make we for dey find ways around because e com be like say government wan comot choppings for boys side but like dis now we don understand say ways around the whole situation don many, for others if una get another update wey go fit dey help us too make una dey try drop am make all of us for fit dey alright tnxs.

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March 13, 2024, 04:16:45 PM
 #18

The government open the eyes of crypto users to discovered many exchange platform that can allow users to buy and sell crypto without making use of binance exchange platform because binance platform is the most popular exchange platform that has the highest population of Nigeria crypto users.

Traders are enjoying liberty OP, do you know that Nigeria traders are still trading their coins every night and day to take profit from the market, despite the banned the federal government of Nigeria announced few months ago to banned one popular exchange platform in Nigeria.

The Nigerian government Don't know that their youth is more useful, intelligent smart and stronger than them we only habe to come together to make things happen can't you  see that instead of the youth to be broken about the sanctions against binace NO instead they are stronger and more advance to find out another crypto exchange that will soon dominate all the works of binace and will also be soon famous in the country.. when we told them soroseko they think we are playing we have already far to be quench or stop.......

Nigeria government police against forex trader has nothing to do us it might harm us but will never kill us And when we rise we are raising up in Glory and advancements......

No be lie .last time it was aboki fx, now it's binance..but I think crypto or P2P can't be stopped. Lots of options have been mentioned here. But I've tried just one alternative Bitget and I've been glued. Their rate sharp..


But brother apart of binace which they have banned we have other crypto currencies wallet exchange platform that accepts p2p the likes of  OKX: Top crypto P2P exchange supporting multiple cryptocurrencies and a wide range of local payment methods.

Coinbase: Leading global crypto exchange offering a self-custody wallet for P2P and NFT trading as well as DApps engagement.

KuCoin: Popular crypto exchange allowing buyers and sellers to connect via its P2P ecosystem and no P2P exchange fees.

Bybit: Best known for its advanced crypto exchange and leveraged markets supporting four cryptocurrencies and dozens of payment types.............

And lots more which can help us to replace the works of the great binace in our country... Dey never see anything ooh

Mum government na am dem be......
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March 13, 2024, 04:21:48 PM
 #19

The government open the eyes of crypto users to discovered many exchange platform that can allow users to buy and sell crypto without making use of binance exchange platform because binance platform is the most popular exchange platform that has the highest population of Nigeria crypto users.

Traders are enjoying liberty OP, do you know that Nigeria traders are still trading their coins every night and day to take profit from the market, despite the banned the federal government of Nigeria announced few months ago to banned one popular exchange platform in Nigeria.

The Nigerian government Don't know that their youth is more useful, intelligent smart and stronger than them we only habe to come together to make things happen can't you  see that instead of the youth to be broken about the sanctions against binace NO instead they are stronger and more advance to find out another crypto exchange that will soon dominate all the works of binace and will also be soon famous in the country.. when we told them soroseko they think we are playing we have already far to be quench or stop.......

Nigeria government police against forex trader has nothing to do us it might harm us but will never kill us And when we rise we are raising up in Glory and advancements......
You have already stated what was on my mind,  our youths are very smart and we always finds another alternatives im what ever we do. But the areas we fail is we don't act when things are not worse. On binance there have been several ways to sell crypto for fiat, p2p withdraw and sell crypto, but lot of people already put there minds on p2p because that is the most easy way to sell crypto for fiat. But I think even without the binance exchange we can still do well when is come to p2p transactions, we already other exchanges like OKX, KUCOIN, YELLOWCARD and lot more.

You are right comrade we don't act before it gets spoilt na only when things don't spoil na him we dey run dey want act fast when things don't spoil again well like you mentioned I have aforementioned it already infact we have many crypto currencies wallet to work with which out mumi government fails to understand that very foolish set of mangroves like them .....


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Chibit01
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March 13, 2024, 04:23:05 PM
 #20

where are Nigerians trading P2P at the moment?

Comrade Go to OKX: Top crypto P2P exchange supporting multiple cryptocurrencies and a wide range of local payment methods.

Coinbase: Leading global crypto exchange offering a self-custody wallet for P2P and NFT trading as well as DApps engagement.

KuCoin: Popular crypto exchange allowing buyers and sellers to connect via its P2P ecosystem and no P2P exchange fees.

Bybit: Best known for its advanced crypto exchange and leveraged markets supporting four cryptocurrencies and dozens of payment types...... And thank me later
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