Will Nigerians still trade crypto without binance p2p?

[Kingsley]

The trading of crypto currency, is a major deal here in Nigeria as a statistics we got in the first quarter of the year 2021 shows that Nigeria has the second largest population of crypto currencies traders in the world which is only next to the United States.

From that statistics it is very obvious Nigerians depend heavily on what they can derive from the opportunities that is opened to them through crypto. Very unfortunate for the Nigerian government through the CBN to place a ban on the withdrawal and deposit of the crypto currencies through banks.

Many thanks to exchange platforms like the binance which came with the p2p feature that enables traders to continue trading so easily with the withdrawal and payment options under the p2p. Even now investors buy and sell at a rate that is much pleasing.

But will Nigerians still trade without the binance p2p feature?

 

[Chibson]

Of course, Nigerians will still reflect occurrences even without binance P2P. When the cryptocurrency was banned in Nigeria a lot of people started looking for alternative ways of trading cryptocurrencies and withdrawing their money to their various bank accounts and of course today there are several alternative such as Remitano and the rest of them.

 

[Bookwormlux]

Without binance peer to peer market place, it would be really difficult for us to trade crypto currencies like we use binance. The advantages that comes with using binance are much and more individuals are comfortable using it.
If the binance feature is disabled today, we can still use alternatives like roqqu peer to peer market place.

 

[Sotherefore]

I am a Nigerian and even without the binance peer-to-peer I'll still trade cryptocurrency conveniently because there are some people in our online communities that you can actually sell your cryptocurrency to if you want to withdraw and there are also some people you can actually buy your cryptocurrency from if you are thinking of depositing into your wallet..anyone who has for sale always convert whatever coin to USDT.

 

[Ahmedo24]

Nigeria already ranked second most populated country that is trading cryptocurrency via peer-to-peer transactions and Africa is one of the fastest growing continent in terms of Bitcoin peer-to-peer trailer so if eventually binance decided to halt or stop P2P trading another exchange platform will take advantage of that considering the huge number P2P trader in the country so obviously they always be a way out

 

[Shaf]

Binance is currently undergoing a lot of attacks and FUD from regulatory authorities, and it's caused some people to lose their faith in them, including Nigerians. This is all part of the effect of the collapse of numerous strong projects like Luna and the exchange, FTX. People lost a lot of money in places they thought were safe, and a lot are now buying hardware wallets instead.

Binance still remains the best platform for p2p for Nigerians though, since we can't buy cryptocurrency using any financial institution in the country. Hopefully, the new government will look into the issue and provide succor for us.

 

[saoussen5765]

People get familiar with Binance peer-to-peer transactions, but even other platforms allow peer-to-peer means even if Binance stops supporting Nigeria, other exchangers like Gate IO or Huobi or Kraken or Kucoin could be the replacer of Binance, just as people got familiar with one platform it will be hard for them being familiar with another platform and this is the truth. But you need to verify yourself on at least one other platform for such kind of situations to avoid losing such features and there are also Facebook groups. But it is harder on Facebook rather than Binance.

 

[ImamShaheb]

I am a Nigerian and even without the binance peer-to-peer I'll still trade cryptocurrency conveniently because there are some people in our online communities that you can actually sell your cryptocurrency to if you want to withdraw and there are also some people you can actually buy your cryptocurrency from if you are thinking of depositing into your wallet..anyone who has for sale always convert whatever coin to USDT.

Isn't it risky to trade crypto on gray market? I believe Nance isn't the only option over there. May try Bitget/Kucoin!

 

[ImamShaheb]

Without binance peer to peer market place, it would be really difficult for us to trade crypto currencies like we use binance. The advantages that comes with using binance are much and more individuals are comfortable using it.
If the binance feature is disabled today, we can still use alternatives like roqqu peer to peer market place.

Exactly, there are plenty of options to use P2P service. Bitget is also offering their P2P service with exciting events.

 

[ImamShaheb]

Of course, Nigerians will still reflect occurrences even without binance P2P. When the cryptocurrency was banned in Nigeria a lot of people started looking for alternative ways of trading cryptocurrencies and withdrawing their money to their various bank accounts and of course today there are several alternative such as Remitano and the rest of them.

Meanwhile Bitget is welcoming Nigerian users to their P2P service with this ~

 

[I am Praise]

Aside from Binance, I also use Bitget's P2P and it is equally efficient

 

[Isi24]

My bestie is a Nigerian and a crypto guru , have seen her use BITGET and binance simultaneously for p2p .