Trading on Binance: Exploring Alternatives for Nigerian Users Post P2P Function Disabling

In the wake of the disabling of the Peer-to-Peer (P2P) function for Nigerian users on Binance, many traders are left wondering about their options. However, with this feature now unavailable, Nigerian users may feel stranded and unsure of how to continue trading.

But fear not, Nigerian traders! There are still avenues available for you to engage in cryptocurrency trading on Binance, even without the P2P function. Here's how:

But what people did not see is the arbitrage opportunity it has opened up.

This is how you buy USDT at the official rate and how you sell it on the black market rate.

Go to your Binance.

Click on Deposit.

Search for NGN.

You’ll be redirected to where you can deposit NGN via a cash link merchant.

Put the amount of NGN you want to buy and you’ll be given a Merchant’s account number to send the money to.

Do the transfer with your own bank account and the merchant will be credited. Then he’ll release NGN for you.

Step 2

Search for USDT/NGN trading pair on Binance and use the NGN to buy USDT at the current official rate of N (the rate is changing per second though)

Now withdraw that USDT to Bybit and sell it on the Bybit P2P where price is

You get naira plus profit in your bank account.

Now repeat the process over and over again. People that are not internet savvy cannot hold our generation spellbound. Cunny man die cunny man bury am🚀🚀🚀🚀