Nigeria's crypto scene might be on the verge of a major shift! Emomotimi Agama, the Director General of the SEC, recently praised cryptocurrencies for their potential to enhance financial services, especially in reducing remittance costs and aiding Nigeria's 38 million unbanked adults.

Despite recent crackdowns on exchanges like Binance and service restrictions across the sector, Agama's remarks at the 2024 PACMAN Conference highlight the significant role of crypto, with over 33.4% of Nigerians involved. This could signal a move towards easing regulations and a more positive outlook for crypto in Nigeria.

#NigerianTraders #NigeriaCrypto

Nigerians on binance is this how we are all going to keep quiet about how difficult it is to fund our binance account from Nigeria!!

Most of these users are losing their hard earned money to scammers all in the name of funding or withdrawing from their binance account.

So, The binance team should kindly provide a reasonable solution to this and those of you that think our government is the cause of it... we know but there must be a solution because other countries are also using binance despite government intervention 😔.
#NigerianTraders
#bearstime
#bnb
$BNB $BTC

Trade P2P Nigerian traders!

Need to buy /sell your USDT to buy other tokens❔

DM now. ✉️💯 legit✅☑️

(T&C Applies)

Beware of Scammers!!❌
#TrendingTopic #WriteToEarn #P2P #NigerianTraders #BuyUSDT

🚀 Attention Nigerian Traders! 🇳🇬

Are you eagerly waiting for Binance to reopen its P2P trading to Nigerian traders? 🤔 Well, you're not alone! Many of us are eagerly anticipating the return of this incredible platform that has revolutionized the way we trade crypto.

The suspense is palpable, the anticipation is real, but the question remains: When will Binance open back its P2P to Nigerian traders? 💼💰
Let's keep the conversation going! Share your thoughts, insights, and predictions in the comments below. Together, let's navigate the crypto landscape and unlock new opportunities! 🌟 #Binance #P2P #WriteToEarn
#NigerianTraders #CryptoTrading

"#Nigeria 's youthful population is increasingly perplexed by the government's recent crackdown on the crypto industry.

Despite earlier promises to embrace blockchain technology and legalize crypto for banking and finance. The sector is now plagued by uncertainty, with stakeholders expressing both hope and concern.

President Bola Tinubu's administration has failed to provide clarity on its policies and actions over the past year, contradicting his initial campaign pledge to harness the potential of crypto and blockchain for the country's financial sector."
#StartInvestingInCrypto #NigerianTraders #ETHETFsApproved #TradingMadeEasy $ETH

What will happen to my NGN funds/assets after 2024-03-08 08:00 (UTC)?

For users who don't withdraw NGN, trade your NGN assets, or convert NGN into crypto before the discontinuation date, any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT based on the conversion rate 1 USDT = 1,515.13 NGN. The conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days. The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page.#TrendingTopic #NigerianTraders #USDTDaily

Buying and Selling Crypto with Naira on Binance: Strike as Your New Ally

#NigerianTraders rejoice! While Binance no longer directly supports the Nigerian Naira (NGN), there's a reliable solution for buying and selling crypto with your local currency.

Strike emerges as a valuable partner, allowing you to seamlessly convert NGN to Tether (USDT) or bitcoin, for your Binance trading needs.

Here's how Strike can help you to trade in Binance after you have verified yourself on the Strike app:

1. Converting Naira to USDT:

Deposit Naira: Simply send NGN directly to your Strike account using various supported methods like bank transfers, mobile wallets, or cash deposits.

Buy USDT: With your deposited NGN, you can easily purchase USDT at competitive rates within the Strike app.

2. Trading on Binance:

Transfer USDT to Binance: Once you own USDT, transfer it seamlessly to your Binance account to access its vast crypto marketplace.

3. Withdrawing funds (Selling USDT for Naira):

Send USDT to Strike: Transfer your USDT back to your Strike account from your Binance wallet.

Sell USDT for Naira: Within the Strike app, conveniently sell your USDT back to NGN at competitive rates.

Withdraw Naira: Finally, withdraw your converted NGN directly to your linked Nigerian bank account.

Strike offers several advantages:

Convenience: Manage your entire crypto journey, from buying USDT to withdrawing Naira, within a single, user-friendly platform.

Competitive rates: Enjoy competitive exchange rates for both buying and selling USDT, ensuring you get the most value for your money.

Security: Strike prioritizes user security with robust measures to protect your funds and transactions.

With Strike, Nigerians can continue their crypto ventures smoothly. So, leverage this valuable platform, explore the exciting world of crypto, and remember, responsible investing is key!

Earn $0.50 when you join Strike and make a deposit via my referral

https://invite.strike.me/ZH4B3J

#TrendingTopic #Write2Earn

#NigerianTraders It is no longer news that naira is been disabled on Binance. Please any idea on how to buy crypto on Binance. I have naira to get crypto but no clue on how to deposit and get crypto.

for Nigeria binanciers how can we continue to buy coin after delisting naira from tomorrow, how can we continue to trade on binance with having issues of withrawal.
#nigerianaira
#Binancetrade
#NigerianTraders

TECHNICAL ANALYSIS ON NAIRA

Naira forming a new lower low at 1476.29 is a good sign that naira will keep gaining strength over time.
Next stop is 1372.62 which will happen soon and as soon as it breaks the 1372.62 support then 959.59 is in sight

I think Nigerians should rejoice, me personally I am rejoicing.

#HotTrends #NairaStrength #Naira #NigeriaVsBinance #NigerianTraders

Warning: Nigerian Banks Crack Down on Cryptocurrency Transactions

Introduction:

In a move aimed at regulating the financial sector, several Nigerian banks, including Opay, Palmpay, Moniepoint, and others, have issued a warning to their customers regarding cryptocurrency transactions. According to reports, these banks have threatened to ban any individual found using their bank accounts for cryptocurrency or digital currency transactions.

The Warning:

The warning, which has been circulated on social media and other online platforms, states that any customer found to be engaging in cryptocurrency transactions will have their bank account suspended or terminated. This move is seen as a crackdown on the growing popularity of cryptocurrencies in Nigeria, which has been on the rise in recent years.

Implications:

This warning has significant implications for individuals and businesses that deal in cryptocurrencies. With many Nigerians using bank accounts to buy and sell cryptocurrencies, this move could effectively shut down the cryptocurrency market in the country. The warning also raises questions about the legality of cryptocurrency transactions in Nigeria and the role of banks in regulating the financial sector.

Conclusion:

The warning from Nigerian banks is a clear indication that the financial sector is undergoing significant changes. As cryptocurrencies continue to gain popularity worldwide, it's essential for regulators and financial institutions to develop clear guidelines and regulations to ensure the safety and security of customers. We will continue to monitor this situation and provide updates as more information becomes available.

Note: This blog post is for informational purposes only and should not be taken as financial advice. Cryptocurrency transactions carry risks, and individuals should always do their own research and consult with financial experts before making any investment decisions.

#MicroStrategy #NigeriaCryptoBan #NigerianTraders #BTC #CryptoWatchMay2024

Important Announcement for Binancians: Discontinuation of NGN Services

Dear Binancians,

We would like to inform you of some important changes regarding Nigerian Naira (NGN) services on the Binance platform. Please take note of the following timeline:

1. Withdrawal Deadline: Binance will discontinue support for NGN deposits after 2024-03-05 14:00 (UTC). Users are encouraged to withdraw their NGN funds or trade them for other assets before this deadline.

2. Delisting of NGN Pairs: Binance Auto-Invest will delist NGN after 2024-03-06 03:00 (UTC). NGN will also be removed from the list of supported payment options on Binance Pay at the same time.

3. Delisting of NGN Convert Pairs: Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC).

4. Delisting of NGN Spot Trading Pairs: NGN Spot Trading pairs (e.g., BTC/NGN and USDT/NGN) will be delisted at 2024-03-07 03:00 (UTC).

5. Withdrawal Deadline: Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).

6. Conversion of Remaining NGN Balances:
Binance will automatically convert any remaining NGN balances in users’ Spot and Funding wallets into USDT at a ratio of 1 USDT = 1,515.13 NGN after 2024-03-08 08:00 (UTC). The conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days.

Please note the following:

- The conversion process may take up to 24 hours or longer.
- Users will receive USDT tokens in their Spot wallets after the conversion, and they can confirm receipt of the tokens via the Convert History page.
- Users holding less than 0.00000001 USDT worth of NGN will receive 0.00000001 USDT in their Spot wallets after the conversion.

For more information, please visit Binance official website

We appreciate your support as we strive to build a transparent and sustainable crypto ecosystem. Please note that Binance reserves the right to amend or cancel this announcement at any time and for any reasons without prior notice.

#TrendingTopic #BTC #nigeriaP2P #NigerianTraders #SHIB

CBN has directed all Banks to suspend any person account trading Cryptocurrencies.

With this new rule, any slight detection of your account involved in any transaction that has to do with Crypto it will be locked.

We all have to play our cards well.

It's getting worser everyday.

Trade carefully, especially with good experience vendors.
Have a savings account. Account you receive money for Crypto different immediately money enters you get it out.

Don't keep too much money inside the account, should incase they took you unaware which is the case mostly, little amount freezing wouldn't pain you like big

Avoid writing Crypto, BTC, or anything related to Crypto in narration
#NigerianTraders #altcoins #buythedip #bitcoin #binance

🚀 Attention Nigerian Traders! 🇳🇬

Are you eagerly waiting for Binance to reopen its P2P trading to Nigerian traders? 🤔 Well, you're not alone! Many of us are eagerly anticipating the return of this incredible platform that has revolutionized the way we trade crypto.

The suspense is palpable, the anticipation is real, but the question remains: When will Binance open back its P2P to Nigerian traders? 💼💰

Let's keep the conversation going! Share your thoughts, insights, and predictions in the comments below. Together, let's navigate the crypto landscape and unlock new opportunities! 🌟 #Binance #P2P #NigerianTraders #CryptoTrading #WriteToEarn

🚀 Attention Nigerian Traders! 🇳🇬

Are you eagerly waiting for Binance to reopen its P2P trading to Nigerian traders? 🤔 Well, you're not alone! Many of us are eagerly anticipating the return of this incredible platform that has revolutionized the way we trade crypto.

The suspense is palpable, the anticipation is real, but the question remains: When will Binance open back its P2P to Nigerian traders? 💼💰
Let's keep the conversation going! Share your thoughts, insights, and predictions in the comments below. Together, let's navigate the crypto landscape and unlock new opportunities! 🌟 #Binance #P2P #WriteToEarn
#NigerianTraders #CryptoTrading