Topic: OKX has stopped its p2p service for Nigerian customers - page 2. (Read 527 times)
If the worst happened, then everyone will then migrate to the use of a decentralized exchange for their usual daily trades where they will not have to undergo any kyc challenge with the exchange or the government regulation for policies and regulations, this is my opinion anyway, a suggestion we may all want to go for after the realization of all that is happening with the government and the crypto networks.
If you are an OKX user here, you must have found out by now that you can no longer trade crypto for Naira in that platform. E be like say our government don secretly warn this platform and told them to stop offering trading in Naira for Nigerians. First it was Binance, now it is OKX, i dey believe say very soon trading in Naira in centralized exchanges no go dey possible again.
The Nigerian government must have secretly warn them because in the case of binance, we saw what transpired between them and the government before p2p was banned on binance exchange. So OKX must have been secretly contacted and we don’t know what transpired between them to take this action without notice. The remaining exchanges will be at alert maybe they can also delist p2p soon as this is a war against cryptocurrency and Nigerian Naira.
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E be like say the fight against crypto by our government no go stop anytime soon, so e better make everybody begin protect themselves and their funds, they might start blocking bank accounts at the slightest suspicion of any involvement in crypto transactions.
Most of the fintech banks don already release circular to their users not to trade anything cryptocurrency through their platforms as their accounts go dey blocked and dem go repot them to relevant agencies which is d government. Wetin you no create, you no fit kill am na him be the case of Naija and cryptocurrency now. Dem go just dey strict and penalised those wey dem see say transact anything cryptocurrency. I hear rumour say any account wey dem block go take 6 months before them unblock am but I no know how true that one be yet.
Many at times I do wonder why our leaders leave necessity and go after the infinitesimal problem of the citizens, this issue I face as I nearly get depression thinking is a my phone network, or my app not being updated on the Kucoin exchange, u check back if my verification have issue but no issue but realized that this P2P problem with naira is the course, most of the exchange is finding it difficult to allow naira using P2P this actually will slow down our transaction but I strongly believe there must be a way out us very disheartened to say they way out leaders are going about certain issue it will even bring down the economy more than allivate it .
This is no longer a secret warning, the Nigerian government through all their possible actors and agencies is fighting the exchanges in the open. Only that some exchanges are more adamant than each other because by now I believe they must have served all the top-rated ones their dissatisfaction and warning to desist from providing the services that are NGN-related. But still, many of them are still providing the service, let's see who's is next.
Besides, the Nigerian government has taken this matter with a kid's glove, they are not just mature about their approaches. Regulations, I mean a strict one is the solution here, or don't they know that we will always find alternatives to do our P2P thing? One way or another, our cryptos must be exchanged whether they like it or not, this is even as we are finding opportunities to make extra money in the tough economy they've created for us.
Besides, the Nigerian government has taken this matter with a kid's glove, they are not just mature about their approaches. Regulations, I mean a strict one is the solution here, or don't they know that we will always find alternatives to do our P2P thing? One way or another, our cryptos must be exchanged whether they like it or not, this is even as we are finding opportunities to make extra money in the tough economy they've created for us.
The CBN and FG can easily handle this by removing the ban on the Naira card for internationally shopping and purchases, allowing us to trade and buy Bitcoin at the CBN rate, as it was during the Goodluck Jonathan administration before Buhari took office. I doubt anyone would use the black market rate if the rate for card transactions was 1,100 or 1300 (or whatever rate they deemed appropriate). This way, the black market will be unaffected because no one will go there since the CBN rate is better.
Allow Naira withdrawals from exchanges at the same CBN exchange rate as before. P2P only became a trend once exchanges stopped accepting withdrawals and Naira cards. If we could get all of these things back to exchanges, Naira P2P would decrease and the supposed "Naira manipulation" would cease.
I'm still following up the SEC meeting News, nothing in the News yet.
If you are an OKX user here, you must have found out by now that you can no longer trade crypto for Naira in that platform. E be like say our government don secretly warn this platform and told them to stop offering trading in Naira for Nigerians. First it was Binance, now it is OKX, i dey believe say very soon trading in Naira in centralized exchanges no go dey possible again.
E be like say the fight against crypto by our government no go stop anytime soon, so e better make everybody begin protect themselves and their funds, they might start blocking bank accounts at the slightest suspicion of any involvement in crypto transactions.
This is no longer a secret warning, the Nigerian government through all their possible actors and agencies is fighting the exchanges in the open. Only that some exchanges are more adamant than each other because by now I believe they must have served all the top-rated ones their dissatisfaction and warning to desist from providing the services that are NGN-related. But still, many of them are still providing the service, let's see who's is next.E be like say the fight against crypto by our government no go stop anytime soon, so e better make everybody begin protect themselves and their funds, they might start blocking bank accounts at the slightest suspicion of any involvement in crypto transactions.
Besides, the Nigerian government has taken this matter with a kid's glove, they are not just mature about their approaches. Regulations, I mean a strict one is the solution here, or don't they know that we will always find alternatives to do our P2P thing? One way or another, our cryptos must be exchanged whether they like it or not, this is even as we are finding opportunities to make extra money in the tough economy they've created for us.
As it is now, I think the new SEC's DG, Emomotimi Agama may be going somewhere now with the virtual meeting planned between himself and the blockchain and exchange business in the country. I even heard the foreign ones are invited as well (https://punchng.com/crypto-regulation-sec-chief-to-meet-foreign-local-crypto-exchanges-others-monday/). The meeting has been rescheduled again to a later time today which means it is serious and will hold (https://punchng.com/blockchains-industry-meeting-with-sec-dg-rescheduled/).
Let's see how things unfold even as Nigerians are not panicking due to the threat by Fintechs to block people's accounts. Cryptocurrency is legal in our country, period! It's the government that should fix the economy and find the means to bring in huge FX to stabilise the exchange rate. I hope the new DG will be wise enough to regulate and not do gragra like EFCC and CBN government that are clueless about the whole issue.
The gift card method dey sharp because many vendors still dey wey dey buy gift cards. But will our government not suddenly plan something against giftcards?
Not, it's a digital assets for digital payments and not in anyway crypto related but the only disadvantage here is that gift cards are trade at a very low rates compared to crypto since we would be dealing mostly on the E-code which is usually lower than the physical card. Not a very convenient route tbh.
Rightfully thinking we have to understand that no firm like the exchange platforms would for no reasons just decide to delist any fiats of a nation from their trading platform.
So it is quite obvious that the governments must have such demands of which the exchange would have no choice than to succumb to the order of the government else the exchange would be termed breaking of the law.
Our government is just being wicked upon the citizens. While we were counting Binance and the OKX to had been disassociated the P2P from their platforms, something phishing was tasted tonight while I was on trying to make trading transaction using the Kucoin exchange.
I noticed that which ever bank I inputs in the platform as a method for payments, I am being alerted that the exchange does not support the selected bank which I thought it was the few I tried.
But that prompted me to kindly enroll on all the available banks in both commercial and Fintech banks that were listed in the exchange but it keep repeating that it doesn't support any of it.
That is to say Kucoin has been affected too denying Nigerians from their P2P. So bad.
I could remember how I was stuck some days back when I tried to trade by withdrawal to my local account. It didn't work with the notification that all banks and Fintech banks no longer support cryptocurrencies transaction. So it is quite obvious that the governments must have such demands of which the exchange would have no choice than to succumb to the order of the government else the exchange would be termed breaking of the law.
Our government is just being wicked upon the citizens. While we were counting Binance and the OKX to had been disassociated the P2P from their platforms, something phishing was tasted tonight while I was on trying to make trading transaction using the Kucoin exchange.
I noticed that which ever bank I inputs in the platform as a method for payments, I am being alerted that the exchange does not support the selected bank which I thought it was the few I tried.
But that prompted me to kindly enroll on all the available banks in both commercial and Fintech banks that were listed in the exchange but it keep repeating that it doesn't support any of it.
That is to say Kucoin has been affected too denying Nigerians from their P2P. So bad.
I still haven't gotten that cash till the moment of writing this comment and I have grown pretty concerned about the issue that government is fighting tooth and nail to control.
Abi make Dem deport us or import us to another country o, because me no understand why work no dey and Dem still dey try lock down cryptocurrency space wey citizens dey eke a living from. It's so absurd.
So far I have not known how to withdraw my funds or trade with all this ban on the NGR market and centralized platforms. It would have been better to just regulate cryptocurrency use and let us take care of ourselves since they care little in providing the needed amenities and job opportunities and aid to the citizens who have grown reliant on cryptocurrencies trading and earning for survival.
If you are an OKX user here, you must have found out by now that you can no longer trade crypto for Naira in that platform. E be like say our government don secretly warn this platform and told them to stop offering trading in Naira for Nigerians. First it was Binance, now it is OKX, i dey believe say very soon trading in Naira in centralized exchanges no go dey possible again.
E be like say the fight against crypto by our government no go stop anytime soon, so e better make everybody begin protect themselves and their funds, they might start blocking bank accounts at the slightest suspicion of any involvement in crypto transactions.
E be like say the fight against crypto by our government no go stop anytime soon, so e better make everybody begin protect themselves and their funds, they might start blocking bank accounts at the slightest suspicion of any involvement in crypto transactions.
It's sad to see this happening in Nigeria. The government is fighting a losing battle by attacking crypto instead of embracing it. I'm so glad Bitget P2P is still available for Nigerians. I've been using it without any problems, and the merchants are much better than those on Binance or OKX. Even if you do face an issue, their support is quick to help. Plus, you get better rates imo.
If you are an OKX user here, you must have found out by now that you can no longer trade crypto for Naira in that platform. E be like say our government don secretly warn this platform and told them to stop offering trading in Naira for Nigerians. First it was Binance, now it is OKX, i dey believe say very soon trading in Naira in centralized exchanges no go dey possible again.
No be lie, make we no forget say, people way Dey lead for this government na people way don dey from a time way we never get the kind advancement in technology as we get am today. Else, why wouldn’t they see the importance of a nation with a fair policy with cryptocurrency and learn from the results of previous ban attempt. E dey surprise me shah, say successive government dey pursue the mistake of previous. Them don launch CBDC and e no work, hope them no get the idea say, this go make people turn towards CBDC with this pattern shah.To trade with centralized exchanges these days don become too difficult, it’s either the government dey ask one thing of them or the exchange dey ask for some KYC document or something close. Anyhow e be, things no go too chnage although, as e dey hot for now, everybody need play safe.
Rightfully thinking we have to understand that no firm like the exchange platforms would for no reasons just decide to delist any fiats of a nation from their trading platform.
So it is quite obvious that the governments must have such demands of which the exchange would have no choice than to succumb to the order of the government else the exchange would be termed breaking of the law.
Our government is just being wicked upon the citizens. While we were counting Binance and the OKX to had been disassociated the P2P from their platforms, something phishing was tasted tonight while I was on trying to make trading transaction using the Kucoin exchange.
I noticed that which ever bank I inputs in the platform as a method for payments, I am being alerted that the exchange does not support the selected bank which I thought it was the few I tried.
But that prompted me to kindly enroll on all the available banks in both commercial and Fintech banks that were listed in the exchange but it keep repeating that it doesn't support any of it.
That is to say Kucoin has been affected too denying Nigerians from their P2P. So bad.
So it is quite obvious that the governments must have such demands of which the exchange would have no choice than to succumb to the order of the government else the exchange would be termed breaking of the law.
Our government is just being wicked upon the citizens. While we were counting Binance and the OKX to had been disassociated the P2P from their platforms, something phishing was tasted tonight while I was on trying to make trading transaction using the Kucoin exchange.
I noticed that which ever bank I inputs in the platform as a method for payments, I am being alerted that the exchange does not support the selected bank which I thought it was the few I tried.
But that prompted me to kindly enroll on all the available banks in both commercial and Fintech banks that were listed in the exchange but it keep repeating that it doesn't support any of it.
That is to say Kucoin has been affected too denying Nigerians from their P2P. So bad.
The matter weak me, instead of the govt to adopt innovations and support Crypto them wan bring am down, but it's well, other options still da ground. Na Bitget P2P I mount put and their rate solid too. Make we da see how e da go .
Anywhere they carry us go, na there we go go, no stress. Weytin the government de plan sef? I just tire because weytin the government de do no goes well at all. First it was Binance and now it's OKX, what's actually going on? Because me no understand again oh. I know say the Government de blame these crypto related exchanges for the depreciation of the naira currency, perhaps e reach to wonder for the kind high level of fluctuation wey de go on. 
Decentralized exchanges are there ready to use but the volume is extremely low for Naira p2p trading since most Nigerian do not know much about DEX exchanges and how it works - CEX makes p2p very easy and safer that's only reason it's more popular.
The only problem on decentralized exchanges is the trading volume liquidity. Also that most people find zero transaction fee easy as they leave their money on centralize exchanges and only making money from the centralized exchanges P2P. On decentralized exchanges, there can be service fee and onchain fee. Back to the old traditional p2p ? Money go loss oooo, the only best way I see is Bitcoin to gift cards then trade it to Naira.
Centralized exchanges are not safer if traders know what they are doing. Decentralized exchanges also have escrow and disputes are solved also just like how it is on centralized exchanges. Trading bitcoin for gift card and to naira is not profitable like trading bitcoin to naira directly. Back to the old traditional p2p ? Money go loss oooo, the only best way I see is Bitcoin to gift cards then trade it to Naira.
Much more also the eas of carrying out p2p transactions I going to be greatly effected but you know our government with lack of followup on policies so very soon their going to choose other sector to take their fight to when the discovere that cryptocurrency trading or even the USDT is not the problem and reason for naira weak value.
The matter weak me, instead of the govt to adopt innovations and support Crypto them wan bring am down, but it's well, other options still da ground. Na Bitget P2P I mount put and their rate solid too. Make we da see how e da go .
All in the bid to protect the Naira wey dem too dey follow bring down. How many of the government officials dey spend Naira or use Nigerian goods (if there is even Nigerian goods) . I hear of a governor that doesn't spend Naira even before he was made a governor, so that means that kind person wey no dey spend Naira for the country follow dey bring the Naira down. It is not enough to begin close shop for P2P trading just because you feel say people dey follow hype dollar against Naira while dey themselves dey run after dollar in all their transactions. This no be fair treatment to the Nigerian public and P2P traders now don begin see food comot from their mouth. Except na to go begin use decentralized system but me I no see say all these blocking and banning of Naira P2P to be the solution. Make them fix the economy but they are very inept to do that but only to carry inefficiency dey victimize Nigerians.
Since e don dey obvious say govt want shut down crypto currency activities for Naija. As a great leader wey you be 4 diz forum,Wetin go be your advice to your fellow bitcoiners as d matter don be like diz.so that make person no com fall victim for diz our wicked govt hands.
Make we dey calm for now, no rush go sell all your coins because say our government don dey very hostile to crypto. Some centralized exchanges still dey allow crypto to Naira trade on their platform, wetin dey fear me pass for now be say our government don instruct banks to block accounts of any user who is involved in crypto transactions and to expose their personal info to them.That being said, make everybody begin learn how to trade in decentralized exchanges, because that could be the only option pretty soon, but even then the fear would be that we don't get our accounts blocked one day, but it will be hard for them to prove that you were involved in a crypto transaction.
E dey very obvious say our government never still know we're dey pain dem for body. Them just wan use this crypto wey men take they guide as excuse to their own failure. I no even understand where this country politics sef dey go, I think say the senate been talk about the government sending negative signals to the international? Now where them dey wey all this thing's still dey happen, Abi them don carry money block their mouth? Anyway Na God go help us for this country oo. My prayer Na be say make e no just affect the remaining exchange wey dey come join this mempool congestion wey dey ground oo.
We go de alright as far as we set our pass well. God go help us because the life de show us real pepper. Our government don finally comot food for people mouth this year. Weytin be their problem sef? Because I no just understand how the whole matter de Waka. The government have succeeded in banning P2P on binance and now they've focused their attention on OKEX. How P2P merchants go de survive now? Life for Nigeria no friendly at all but as things de go roughly, make we no give up but focused on the main objectives. 
One thing I learnt from the Binance P2p shutdown was the fact that the problems in the country span far beyond P2p market.
They should have observed that as well but because they are incompetent they choose to play ignorance and continue to blame the P2P market for their incompetence in handling the economic situation of the country that has been handed to them. Even the past administration did not do this much.Back to the old traditional p2p ? Money go loss oooo, the only best way I see is Bitcoin to gift cards then trade it to Naira.
The gift card method dey sharp because many vendors still dey wey dey buy gift cards. But will our government not suddenly plan something against giftcards? If you are an OKX user here, you must have found out by now that you can no longer trade crypto for Naira in that platform. E be like say our government don secretly warn this platform and told them to stop offering trading in Naira for Nigerians. First it was Binance, now it is OKX, i dey believe say very soon trading in Naira in centralized exchanges no go dey possible again.
I raised alarm about some duvious movement on the p2p marketplace on the other forum a few days ago - there are few p2p Marchants ( could be Govemment agents) coming on these marketplace to set a ridiculous rate to score cheap point and to have reasons to go against these platforms.. there was this Marchant who set his buying rate at N1,500 while the official black market rate was between N1,300- 1,350.
I suspect something like this would happen - the Govemment and Nigerians are careless about everything. Tbh.
Back to the old traditional p2p ? Money go loss oooo, the only best way I see is Bitcoin to gift cards then trade it to Naira.
Much more also the eas of carrying out p2p transactions I going to be greatly effected but you know our government with lack of followup on policies so very soon their going to choose other sector to take their fight to when the discovere that cryptocurrency trading or even the USDT is not the problem and reason for naira weak value.
I don't know why the government continue to see the wrong vision concerning the win of the naira currency with dollar gaining momentum steadily, this is not about the crypto exchanges, they are not the ones causing naira devaluation against dollars, the country economy is bad and if nothing is done to tackle on this, things will always remain the way they have been, stopping the use of p2p will not be the end of the use of USD in Nigeria, there are many dependencies in the economy whereby we make use of the foreign exchange in achieving them, including the ones being under the control of the government, they also have to use dollar in some certain extent.
E dey very obvious say our government never still know we're dey pain dem for body. Them just wan use this crypto wey men take they guide as excuse to their own failure. I no even understand where this country politics sef dey go, I think say the senate been talk about the government sending negative signals to the international? Now where them dey wey all this thing's still dey happen, Abi them don carry money block their mouth? Anyway Na God go help us for this country oo. My prayer Na be say make e no just affect the remaining exchange wey dey come join this mempool congestion wey dey ground oo.
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