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.
