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How Nigerians Withdraw Their Cryptos To Their Bank Accounts - Investment - Nairaland

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How Nigerians Withdraw Their Cryptos To Their Bank Accounts by Khalidopa(m): 11:09am On Aug 18, 2021
It's no longer news that in some countries, the central monetary/finance authority has declared the trading of cryptocurrencies illegal.
Owing to this, persons who engage in cryptocurrency trading in such countries have been finding it difficult to withdraw their earnings as their commercial banks won't help to facilitate that.

However, they say "if the water is too hot to drink, then get a longer straw". Therefore, there's always been a way out.

I know you don't like much notes �. So let's head straight to the point.

1. Luno
Luno is easy to use that you can send your cryptocurrencies from other wallets to it. The good news is that it is connected all commercial banks in Nigeria.
However, you'll have to thoroughly verify your account with a valid government issued ID card to enable the processes involved.
Also, it is worthy to note that when creating your account on Luno, you should make sure to use the same name you used when opening your bank account.
At first, it may appear stressful, but once your account is successfully verified, you'll start to chill.
[url]luno.com[/url]


2. Binance
Another great way Nigerians can withdraw their cryptocurrency earnings is via Binance. However, this method directly involves third parties.

On Binance, users who wish to withdraw can sell their earnings to users (exchangers) who are willing to buy them at a fixed price, after which the exchangers send an equivalent amount of fiat (cash) to the withdrawer's local bank account. The process is very easy to complete.
However, accounts on Binance also undergo verifications before withdrawals can be possible.
[url]binance.com[/url]


3. Globahitch
Globahitch itself is the cool guy whose fame is still on the rise. What happens inside of it isn't just the cryptocurrency that's been our topic. The best thing we can call it is a social media with added features.
Going by its cryptocurrency feature, which is our major concern here, Globahitch accepts cryptocurrency among other methods of payment for some of the services it offers.
However, after funding your Globahitch wallet (with cryptocurrency, PayPal, fiat or any other method), you can decide to withdraw them back to your local bank account for any reason best known to you, let's say you choose to withdraw your balance after paying for a service or you choose to withdraw your whole money without continuing with the service. The choice is all yours.
[url]globahitch.com[/url]

So, with these mentioned above, Nigerians have not just a way out, but ways out, when it comes to withdrawing what they laboured for.
Re: How Nigerians Withdraw Their Cryptos To Their Bank Accounts by Blessing185(f): 11:11am On Aug 18, 2021
Patricia
Remitano

1 Like

Re: How Nigerians Withdraw Their Cryptos To Their Bank Accounts by meekhat: 1:43pm On Aug 18, 2021
Blessing185:
Patricia
Remitano

Remitano is baba! They are introducing their new coin 'RENEC'

Remitano, one of the popular P2P platforms launches its own native cryptocurrency called the RENEC token.

There won't be ICO instead, you can get it freely at this stage(mine, as they call it) using Remitano mobile app for limited time.

_____________________
RENEC Token Basics
_____________________

Token: RENEC
Blockchain: Remitano Network
Protocol: Authorized Proof of Stake (DPoS)
Token Type: Utility Token
Base Mining Power (solo): 0.02 RENEC/hour
Supply: Supply will be decided as a result of the RENEC mining program

THINGS TO DO

1. Register here :
https://remitano.com/renec/ng/join/1858342

2. Search for Remitano on app store or Google play store, download the app

3. Login

4. Click on the drop-down menu at the top left corner of the app

5. Click on “mining RENEC”

If you missed BNB, Don't miss RENEC!

Enjoy!

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