Topic: A method to still use BINANCE for exchanging Cryptocurrency to fiat. (Read 192 times)

Ogha I no be fool to just see account then start to accuse to be alt. For this forum we don see many alt account  from other local boards wey Dem go carry come out local board just to promote scam. And besides this guy own na be say, them create the account on the 1st of March and all the 3 post wey e make before I write mine na just bitget e dey promote, e just be like say e dey waka dey find place wey Dem dey talk about exchange make e for bring bitget as solution so why e nor go dey suspicious. The probability of say this na outsider too high, if to say e don use pidgin before I for understanding but I no go fit watch outsider come dey use our head all in the name of say we dey speak English for here.

I go like make you go back to em previous post( first 3) make you read and see wattin I dey talk.

There is no point of you accusing him of trying to scam anybody, as his post doesn't carry any links he is asking people to click. At this challenging time that everyone is anxious about the current reality, he is just doing his best to proffer solution to people who might need it. Bitget is not a scamming platform, it is a reputable exchange that many of us are familiar with. Others have suggested different exchanges and you didn't attack them the way you did to this particular person and it got me worried why you decided to single him out. But to me it's not really necessary to accuse him try to scam people. Let's learn to be our brothers keeper. It will profit us nothing when we damage the reputation of others.

The method is not working again I tried to sell bitcoin today but no way and this is how it is written when I was trying to sell it from Binance.

It is not supported in the country again and according to the news I got today, you can only use another country currency or cryptocurrency in the platform and not with anything with naira. But you can use any other coins in the platform. That is you can send to another wallet and exchange. I tried to use all the procedures you make mentioned but non works so I have to send them to another wallet for safety.

You should have used your real account to make this statement rather than using an alt account. From your actions, it's obvious this is an alt account just trying to promote bitget exchange. All your post today is just centered on promoting bitget exchange, I advise you refrain from such if your real Intent to to scam. Though bitget has gained quite a reputation but you should stop making it obvious that you're here to promote the exchange because you saw an opportunity.

Like I've said before, this binance trading might still work but we should be careful when using it, as it's now compromised and further damage might be done leading to lost of asset.

Trade carefully.

As this uncertainty around Binance's status continues, users are rightfully looking for a reliable and compliant crypto trading platform. That's where Bitget comes in as the trusted alternative exchange for the Nigerian market.

I doubt Binance would go anywhere, instead, they would opt to pay the fine and make a good deal to keep doing their business here.

Thanks OP for easing much of our fears, how wish I knew this earlier, but I do now and in addition I would like to include that those who still use Remitano can transfer their coins from Binance after swapping to USDT or to the coins of choice.
Then withdraw to Remitano and swap further to Naira there before withdrawal to a local account. Just like we did on the initial basis, before figuring out how to use Binance and kucoin as well as Okx effectively.

Op thank you very much for bringing this to our notice, I have been expecting this from this local board. Though others have also created threads on this matter before people complain that it is not working for them though I have asked someone to show me the steps to take and he di but I have not tried it to sell my coins . But I dey plan to mix am commont. Dat one go dey simple pass because I no get strength to pass through all this processes.


People dey complain say this method e no dey go and dem dey call me dey asked and me sef I no know. So I believe this Op method go work well and tomorrow I go try am see.

There are many faithfuls to Binance who are still sticking around to see if P2P services will be fully restored, and it could be for the reason that Binance has been very reliable, and because of how long it took for them to develop some level of trust for Binance, it is not so easy to just move to another exchange with P2P.

Thank you for pointing out the difference.

What if the government focuses on the other alternative exchanges knowing that the P2P traders who they blame for currency speculation will move there? Will you keep completing KYC on every other exchange pointed out as an alternative, and sharing your important details?

For me all this process na long process for me o. Na just to look for another centralised exchange to trade coin. No be only binance person go use. Since FG no want make we use binance for P2P, for Me na just to look for another alternative like kucoin and save the stress of going a long process of trading wey sopos be easy something. No be say the idea you bring bad sha but just for my own way Naim I dey reason.

Immediately p2p was suspended I have to look for alternatives and I discovered this since from the the very first day, although at first there was no buyer nor selling i spent some hours finding looking for a buyer who buy my NGN and then send to my local account but none. After few moment I had to restart the whole process again and luckily i got someone who wants it that how was i sold BTC to NGN, I know that many people would afraid of the system since it is an entirely new look from the previous, so people might be afraid of paying first other than the person who is in need of the currency.

The thing is that sometimes is very difficult leaving an exchange you are very use to and venture into another exchange because it is believed that majority of Nigerians are very use to Binance exchange perhaps is because of how easy the exchange is and also the majority of P2P traders are majorly focus on that exchange, although I'm not disputing that other exchange doesn't have good features but most of us are use to Binance. And also in terms of the Cashlink is actually very okay and almost the same as the P2P but I think the difference is that you could be charge some certain amount while using the Cashlink but in P2P there is no charge attached.

They are not the same. Check the third image and compare it with OP's third image which I included beneath the images of the old thread:





The old thread is about 'sell crypto' for fiat while this thread is about 'withdrawal' of fiat.

https://bitcointalksearch.org/topic/--5487070
This is the first topic of another method you can use to sell coins without p2p methods on binance exchange.
OP there's another thread same as your already in existence here, I think you should block this one.
This method is another alternative to sell Bitcoin or any coins at all.

That's one thing I like about Nigerians, we hardly give up or accept defeat. Instead of quitting we look for another way to solve a particular problem. However this is a smart one, I've not tried it yet but but some persons says it works but I don't advise still holding on to binance for long because things are getting out of hand, and if they manage to face court for this our p2p issue, the regulation might just deem the exchange closes because it's not quite long since they faced the regulation in regards to money laundering which they where also fined and their former CEO dropped his position.

It is quite challenging alternating away from comfort zone that has you all flexibility functions. It is very unfortunate that Binance has been a dominance exchange platform which most of us has been used to, it is just something like users are being addicted and can still manage to cope with it despites all these going on there but I bet if this red reputations keep up rolling with the Binance exchange it would go beyond handling and the so Binance exchange would be a history of then days.

We have posted about this before on this local board but I was unable to see the topic. I mean when Binance added Cashlink, we talked about it and the reason it was added was because it is not a payment gateway as CBN banned crypto transactions at the time when Cashlink was added and we indicated that it is also P2P. P2P network of verified merchants as Binance described it. But I have not tried it before. I wonder why you people just stick with Binance like it is the only exchange that has P2P, but which is not.

Many of us use binance P2p regularly, and since P2P have been directly suspended for NGN, it has forced many people to other exchanges like kucoin, Okx etc.

I have heard rumors of Binance exchange still working fine for exchanging to NGN and withdrawals, but through another option that is not often used because it is not known by many people. I tried out this method and it worked really fine without any challenges. I will like to share it with you my brothers and sisters.

Follow my guide
 After opening your binance application, Click on "Trade" and then convert any of the cryptocurrency to NGN. In my case, I swapped some BTC to USDT to NGN.    


 Click on "fiat" among the options, after you have converted your cryptocurrency to NGN


This is the next page you will see

Click on "withdraw"

Your NGN balance will be reflected here

Click "continue" on the bank transfer option to move to the next page.

This is the next page

After putting in the amount you wish to withdraw, You add account number to receive, and as usual your account name have to match the name of your binance. which means you should not input another person's account details.
Click on "continue"  to be directed to an available merchant.

A merchant will pick up the transaction and be given a countdown time for him to credit your fiat account so you can release the NGN to them, almost the same as the P2P.

The entire process can be done and completed in less than 20 minutes.

The process works just fine, you can confirm that I tried this method from the date of and time of my transaction, and it was successful.