Binance to Discontinue All Nigerian Naira (NGN) Services

2024-03-06 14:30:44

Binance will discontinue all Nigerian Naira (NGN)

services as per the timeline below.

Users are encouraged to withdraw NGN, trade their

NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services.

This affects NGN services only, you can continue to make use of services and products for other available cryptocurrencies.

1. Binance will not support deposits of NGN after

2024-03-05 14:00 (UTC).

2. Binance Auto-Invest will delist NGN after 2024-

03-06 03:00 (UTC)

3. Binance will remove NGN from the list of supported payment options on Binance Pay at

2024-03-06 03:00 (UTC).

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

5. NGN Spot Trading pairs (i.e., BTC/NGN and

USDT/NGN) will be delisted at 2024-03-07 03:00

(UTC) .

6. Withdrawals of NGN will not be supported after

2024-03-08 06:00 (UTC)

7. Binance will convert any remaining NGN balances in users' Spot and Funding wallets into USDT on

behalf of users at a ratio of 1 USDT = 1,515.13 NGN

after 2024-03-08 08:00 (UTC).

a. Please note that 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.

b. 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.

c. If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion.

We thank you for your support and understanding, our goal is to continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.

BINANCE TEAM.