Nigerian users on Binance are currently unable to access the platform’s peer-to-peer (P2P) feature as the service appears to be offline.Users cannot find the NGN on the list of available currencies on the Binance P2P platform.The latest development comes as the Nigerian government struggles to save the free-falling naira (NGN). It remains unclear if the unavailability of the P2P function is part of Binance’s efforts to help salvage the currency or a bug in the system.Binance P2P Feature Unavailable For NigeriansAbout a week ago, Binance capped the selling price of Tether (USDT) tokens on its Nigerian P2P platform to 1,802 NGN per coin and temporarily disabled the sell option for the stablecoin. The move was to ensure compliance with the Nigerian authorities, who have been in a battle against heightened inflation and economic instability in the country.The Binance NGN/USDT price cap blocked traders’ accounts that tried to sell above the limit. This pushed market participants on the exchange to other platforms that had not enforced similar restrictions.In a statement addressing the matter, Binance said the price cap resulted from an automatic system pause triggered by significant currency movement, adding that the issue was temporary as adjustments were being made to resume normal services.However, with the current situation, it appears that the P2P issue is far from over. The Binance customer support team said the P2P unavailability will be fixed soon, and an update on the matter will be provided in time.Naira in Free-fallThe Nigerian crypto community believes the recent incidents are part of a joint effort to combat the naira’s depreciation, as it is unlikely that the biggest crypto P2P market in the world would suddenly go offline.Since mid-2023, NGN has fallen significantly against the United States dollar (USD), crashing in double digits from about 700 NGN/$1 to more than 1,800 NGN/$1. Traders have contributed to this free-fall by manipulating the NGN’s price on Binance P2P through fake ads.The Central Bank of Nigeria and other economic agencies have launched a joint initiative to fight issues like forex speculation, which play a role in the country’s economic instability#TrendingTopic #USDTDaily #p2p #nigeriaP2P #BinanceP2P

How to make more profit on Binance Binance P2P is a peer-to-peer (P2P) marketplace where users can buy and sell cryptocurrencies directly with each other. P2P trading can be a great way to make money, but it is important to understand the risks involved.Here are some tips on how to make more profit on Binance P2P:Set competitive prices. When you post a buy or sell ad, make sure to set a competitive price. This will help you attract more buyers and sellers. You can use the "Market View" tab to see what other users are charging for the cryptocurrency you want to buy or sell.Offer multiple payment methods. The more payment methods you offer, the more attractive your ad will be to potential buyers and sellers. Binance P2P supports a wide variety of payment methods, including bank transfer, credit card, debit card, and mobile wallet.Complete trades quickly and efficiently. When a user places an order on your ad, try to complete the trade as quickly as possible. This will help you build a good reputation and attract more customers.Take advantage of price fluctuations. The cryptocurrency market is volatile, which means that prices can fluctuate wildly. You can take advantage of these price fluctuations to make a profit. For example, if you see that the price of a cryptocurrency is starting to rise, you can buy it on Binance P2P and then sell it at a higher price later on.Use a trading bot. A trading bot is a software program that can automatically buy and sell cryptocurrencies for you. Trading bots can be a great way to make money, but it is important to use them responsibly. Make sure to backtest your trading bot before using it in a live trading environment.#P2PTradingTips #p2p #BinanceTournament

Part 1:- I know many people are facing this problem regarding account freeze by the cyber crime department complaint and debit blocked by the bank.So, I'll share some tips and useful information with what exactly to do if you are in the same problem. Guys , first you need to visit your bank and ask them about why your bank account freeze or debit blocked. If the bank said you got a cyber complaint thats why your account was debit blocked or freeze.Tell them please provide me the complete information from which cyber department ordered you to freeze or debit blocked my account and if you can't visit the bank any reason you also asked for the information by email but make sure your email register with your bank account.The bank provides you information and in that information you got cyber department Email Address and Phone Number.This Process take time atleast 1 week or 10 days minimum.Now, you have to contact cyber crime department and by email or phone call or WhatsApp and ask the same question “Why my bank account on freeze” Don’t be shy or scared just asked them your are not do anything wrong.The cyber crime officer tell you, You received a payment on‼️(Date 📅 Which was a fraudulent transaction). Match that transaction with your p2p Trade and provide them receipt and other proof why these transactions you received and what exactly you do explain in detail. If you receive clear funds not done any 3rd party payment just provide all screenshots and conversation between you and buy all the legal information and screenshots or buy ID send to the department. This process take maybe 10-20 days to solve your case. Don’t waste your time and money on the online service provider who said they help they also follow the same step and process. If Cyber department was satisfied with your proof and evidence they released your bank account and your bank account was unfreeze. There is One more thing happened with you if you are 💯% innocent or all documents are correct but cyber department not unfreeze your account. Then what happened with you and what to do if you are in this problem I’ll Explain in Part 2 Like, share and comment for this information so i know you also need part 2. #p2p #india #alt #scam #P2PScam