So guys I just made withdrawal from Binance.
Binance, one of the world’s largest cryptocurrency exchanges, recently made the decision to delist Nigeria from its peer-to-peer (p2p) market. This move has had a significant impact on the Nigerian cryptocurrency community and has raised concerns about the future of cryptocurrency trading in the country.
The decision to delist Nigeria from Binance’s p2p market has left many Nigerian cryptocurrency traders feeling frustrated and disappointed. Binance’s p2p market was a popular platform for Nigerians to buy and sell cryptocurrencies, providing them with a convenient and secure way to participate in the global cryptocurrency market. With the delisting, Nigerian traders have lost access to this platform, forcing them to seek alternative options.
Furthermore, the delisting has also raised concerns about the future of cryptocurrency regulation in Nigeria. Binance’s decision to remove Nigeria from its p2p market was reportedly due to regulatory concerns. This suggests that there may be regulatory challenges and uncertainties surrounding cryptocurrency trading in the country. Such uncertainties can deter investors and traders from participating in the market, potentially stifling the growth of the cryptocurrency industry in Nigeria.
Another significant impact of Binance’s decision is the potential loss of trust and confidence in the Nigerian cryptocurrency community. Binance is a well-established and reputable cryptocurrency exchange, and its decision to delist Nigeria may be seen as a reflection of the country’s regulatory environment. This could lead to a loss of confidence in the Nigerian cryptocurrency market, with traders and investors becoming more hesitant to engage in cryptocurrency activities.
Moreover, the delisting of Nigeria from Binance’s p2p market highlights the importance of diversification in the cryptocurrency market. Relying heavily on a single platform for trading activities can be risky, as demonstrated by the sudden removal of Binance’s p2p market. Nigerian traders are now realizing the need to explore and utilize other platforms to ensure the continuity of their cryptocurrency trading activities.
In response to Binance’s decision, Nigerian cryptocurrency traders are actively seeking alternative platforms to continue their trading activities. Local cryptocurrency exchanges and peer-to-peer trading platforms are experiencing increased interest and usage as traders look for viable alternatives. This shift in trading behavior may lead to the emergence of new platforms and increased competition in the Nigerian cryptocurrency market.
New Method to Make a withdrawal From Binance
P2P may have been removed but you can still withdraw from Binance. This new method is called merchant and not p2p.
- All you need to do is convert your $ to NGN and withdraw the NGN.
- Convert your USDT to NGN on the trade section.
- Go to your portfolio and click on the NGN, look down you will see WITHDRAW, click on the withdraw and input your bank details
That’s all…. Enjoy.!
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