Topic: Kucoin suspended P2P in Nigeria (Read 393 times)

me self think say the matter go die untill i see kucoin own and okx the matter just they shocking to me. i they reason say them wan comot all the p2p for all exchanges and them done they do am one after the other. them just they look for ways to regulate crypto and the thing no go work make them no even they reason that kind thing. them they feel say na crypto the increase dollar against naira but very soon there solution go create more problems. and if them ban the use of dollar the matter go worst even for our economy because if you look the whole thing how foreign reserve na dollar they inside. so  there is no way they can stop the usage of dollar and as them they try stop this things them just wan increase crime. you did not create opportunity but you they cause wahala with crypto the end result no go good sha.

Na how to get trusted local P2P merchant for naija but how person wan take confirm their authenticity, we know of plenty P2P platforms wey been don really make waves for naija as one of the best platforms but today, them no dey again.

Like you talk, even some people wey get these platforms go fit see this as opportunity to take scam some naive people them, since them now know say them no get option and when them see some kyn money wey go enter their system, them go just shut am down or release important information to person wey go enable am to hack the system make e no be say the fault from them so that nobody go accuse them. Na these kyn things we dey see everyday and because of that, even when we see legit ones, we go dey fear to work with them.

The best thing na just fyn better DEX wey dey reputable and dey support P2P, at least person go know say government no fit get access to them or influence them easily like that.
Or better still, find trusted person wey dey outside Naija, even if na the least African country, wey go dey help you dey trade ya coins dey send the money for you via bank transfers. At least that one go dey even better and safer than to dey use these CEXs or P2P platforms. Until this whole government palaba subside, cos I know say very soon, this whole gra gra go end.

Obviously, Nigeria would remain the same because it is not the crypto platforms that have affected the economy. Even if the Naira became balance i the foreign exchange there will be inflation in the country and the reason is because the problem is not in the government only it has infected the entire society. Everybody feeds from the weakness of the other. No real friendships and love if they are not benefitting from each other. One must have something to offer before they can be seen as an individual ion the country.

I pray for my country each day but i pray for every individual in it more. If eventually the country has been restored from the crisis and problems, we do not have individuals with the right mindset to manage that change which means it will still fall to the ground again.

Provided say na centralized exchange wey we dey use, we no get choice as the governments go dey attack dem as dem get to know about them. Governments dem get spy among us wey dey update them on the next exchange wey people dey use dey sell their Bitcoin or usdt to Naira. Scammers go chop Nigerians plenty this periods because alot of newbie wey no understand how some platform dey work go fall victim to scams. E go just better to use local P2P merchants if you get a trusted one than to dey move from one centralized exchange to another because this exchanges fit crash too and them go close with our money


Spot wallets are exchange wallets and that is a wrong approach to hodling crypto. Converting our crypto to usdt no also makes sense unless you wan invest for dollars based on how you dey see Naira dey misbehave but still when you dey invest in crypto wey dey in USD, you dun still invest in dollars because when you want convert your money to Naira na the current Naira /dollars market price na wetin you go use. It's better you hold your Bitcoin for non constodial wallets and keep hodling then you fit sell anytime wey you wan sell with the exchanges wey go still dey allow Naira trading or use local merchants.

Already when I hard that Nigeria government have stop Binance operation in Nigeria I knew that the next one is going to be kucoin because they didn't want to see the progress of the youths in this country, they just want the youth to surfer but God go shame them because new mater how they do even if them like make them stop the whole exchange for Nigeria but will know go give up on Bitcoin, will must look for solution because Bitcoin na really good blessing for our youths.

Nigerian government na true definition of hypocrites.Could you imagine na these popular p2p exchanges na dem dey use trade their foreign exchange.Person of President Tinubu that man dey deal on dollar so if dem remove NGN for all p2p exchanges dem go regret am because how dem wan take trade their foreign exchanges.We thank God say no be Kucoin be the only p2p exchange,when them ban NGN for binance p2p we go for Kucoin now wey dem don suspend Kucoin there are other safe exchanges where we fit trade our coin,there's always gonna be an alternative.

Will they write the same warning to all available exchanges, will they have the economy clampdown fixed through all these, am just afraid if this is not going to set another means of getting the whole challenges been escalated, something from my mind is saying that this year, naira will record #2,000 per $1 if they are not careful, most of the politicians are having foreign investments, trading have always been, no government plan towards increasing the GDP of the country, instead they are busy chasing after trading platforms.

Their agenda is just to stop everything about cryptocurrency in the country but they do not know how to come out boldly to do it. They know any step coming out to stop cryptocurrency the youth may react which can cause crisis in the country that is why they are suspending cryptocurrency gradually. They know they have not provide any job for the youth and cryptocurrency is what many youth engage themselves into. The problem we are facing in this country is our leaders , they are very insensitive in their reasons. In this hard economy that their are no jobs , no opportunity and people who are trying to create income for themselves and they are trying to just frustrate people.

I was on a discourse with some of our country men a few weeks ago and they were saying Government should bring regulations rather than this boycotting they are currently doing to these platforms. It's interesting because if regulations come, most of the privilege that Nigerians have accessed in the past, airdrops, job opportunities, exchanges, etc, will want to distant themselves from Nigerians if the regulations are blurry like that of the US, no one will want to include Nigerians in anything.

The problem with decentralized p2p you've mentioned is that, there are some many features that centralized ones provide that decentralized ones won't have. For instead, there needs to be some sort of agents for disputes because there would always be need for such since some p2p traders move mad sometimes.

It is very obvious that crypto enthusiast didn't do anything wrong, what we all did is to be educated technologically, lets not forget that our government doesn't want to hear that the youths shift attention from politics, they always want to use us to perpetrate there evil plans and it seems they youth has understand that with our government their future is not guaranteed, so because of this fact many youths has decided to improve themselves in this innovation called Bitcoin in other to make their future a good one and the government knows the risk ahead so they decided to frustrate the means, you will agree with me that it is very rare to see any young person in nigeria talking about governmet job again, many nigerian youths has moved on to tech innovations not only bitcoin investment but forex trading too and this is because they do not beleive in our government any longer, the discouragement will continue by the government but lets not allow it to deter us from learning more to enhance our skills in tech because there are more things to profit than being distrated with action that has solution.

Seen this on X posted last week stating the SEC in Nigeria are looking to ban all P2P trading.

https://twitter.com/BTCTN/status/1788216533841248259

So I would beg to guess they started already with these letters to their Kucoin customers about the delisting of it's own currency on their platform.

It's no longer news knowing that the government trying all they could do to make sure they seriously fight against dollars that is affecting the fall of NGN. We know that whenever they noticed a certain population toward a particular exchange they works towards on putting it to an end, and of course these government agent has an agency whom is trading for them as well.

After they succeeded pulling out their holdings they would report the particular exchange within few weeks or so the exchange would be shut down like, they would delist Nigerian Naira from the exchange. But one thing for sure is that after they fight and they couldn't succeed they will end up allowing the youths to have their ways typical example is what happened during endsars protects.

The US is a better structured country. Trump nor go fit try am and go free. There, leaders dey dey careful wit wetin dem dey talk because d citizens go hold dem accountable. Naija na a different case where money bags get mouth and dey form skoraw.

D main aim sef fit to nor be d tax. The ones wey dem dey get, wetin dem dey do with d money? E fit be sey na just to cripple the financial independence of citizens so dey can always bow dem at every call. Una fit call am conspiracy theory but na d way I see am. Which other way persin fit explain a govment wey dey try destroy its people financially if not be dat.

With this experience so far from the current administration, upon after making campaign promises mostly around the subject of cryptocurrency, it makes me wonder if Donald Trump who is currently running for president of United States, won't get to do same if peradventure, he gets elected and is expected to fulfill his promise of supporting cryptocurrency in the country.

It's very depressing to see the government hell bent on frustrating new initiatives mostly as concerns cryptocurrency advancement in the country, all because they want money from the exchanges and want to keep tabs on the poorer citizens who have no way to be financially dependent.

Removing Naira from P2p on any exchange platform won't stop the Naira from losing value as it is already doing. It is unless we as the citizens decide to use Naira instead of dollar for both international and local trade and payments for transactions, that's when the demand for Naira will rise this leading to it having value.

Na those of us here wey supported dis govment during d elections I wan even read their own side of dis whole thing first. Wen we dey talk sey dis govment nor go good for owa bodi dem think sey we be haters. Owa people sey na d smell of fart dem dey take know d taste of shit. Wen dat memo banning some exchanges leaked, CBN rushed deny am as fake news but we see as e dey play now. I know sey na one afta d other dem go take block P2P on all major exchanges

Shey we dey see am now? Dis administration won't stop until dem sqeeze dis nation to near death. The main issue of security and production dey there for dem to tackle but dem leave am dey chase wetin nor loss.

Someone mentioned the govt has an hidden agenda and won't be surprised to see them bring up their own P2P trading system. Thinking about it I think it may be true ahah. Anyways till then they're still good platforms that has P2P running. Someone could suggest some and you may check them out..

I have this question for Nigeria government, why fight crypto in Nigeria when you have other priorities to persuade? It's really a struggle because everything turns up side down in Nigeria and thats doesn't send out good signal. The Nigeria government at work again. This current administration of government is simply the worst and I must say, they're determined to ruled out all form of P2P on crypto exchange that has to do with the naira.

This is no more a problem to we the crypt enthusiast. The government have done so much and they wont rest till they eliminate every way Nigerians have been using to operate in that area. Only one thing is certain that they will get tired and forget about all this fruitless actions. Soon everyone will forget about what is happening and focus on themselves, the government has a hidden agenda based on their actions which they are using to blind the eyes of the youth. Surely their plans would never work out, we will surely have a way.

Why does this sound like I'm the only person affected by this news? You said and I quote "You haven't seen anything yet? Did you see where I said I don't have an alternative ways to trade fiat with my coins or you are angry that government is dragging down the p2p in the popular exchanges. Well, I'm happy to tell you that this is a direction from SEC chairman and this will not stop until they see the end of it all and this will definitely affect the legitimate traders and most investors.


Decentralized p2p in Nigeria? Can you help us with one, I believe if there is one most of the people angry about this wouldn't even send what the government is doing but there is none. It's actual something anyone could create but if the government want to clamp it down, the server is what they need to locate and confiscate the domain and beside, Nigerians don't trust anything Nigeria create because of lack of trust within us.

Yeah they're more exchange. But the naira isn't coming down lol..so why the baseless fight against P2P?