₦airaland Forum

On the next page, click on More to see the #NGNCashTransfer function, select it then proceed by scrolling down.

First, Login to your Binance Account either on the app or the site.
Then, go to your wallet balances, select NGN, click withdraw at the bottom right.

Feel like trying out @BinanceAfrica #NGNCashTransfer Feature �

Kindly follow the thread ������

Don’t have a Binance Account?
Create one here: https://www.binance.com/ng/register?ref=38515884

Buy Crypto on Binance here: http://www.binance.com/ng/buy-sell-crypto?channel=wallet&fiat=NGN/38515884

Binance opened trading for XRP/NGN trading pairs at 2020/11/26 10:00 AM (UTC).

Please note: NGN is a fiat currency and do not represent any other digital currencies.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.

You can make a deposit to your Binance Account here http://www.binance.com/en/buy-sell-crypto?channel=wallet&fiat=NGN/38515884

New to Binance?
Register here: https://www.binance.com/ng/register?ref=38515884

Thanks for your support!

Nigeria’s Ministry of Finance is collaborating with the Securities and Exchange Commission (SEC), the nation’s capital market watchdog, to provide a new regulatory environment to boost adoption in the blockchain and crypto space.


Nigeria has crafted a name for itself in the crypto sector

Speaking during the Fintech in Nigeria State of Play event, Armstrong Takang, a special adviser in the Finance Ministry, alluded to the fact that a regulatory environment was needed in the blockchain field.

In September, the SEC announced that it was creating a clear crypto trading regulatory framework to protect investors’ interests and ensure transparent transactions. Nevertheless, it cleared the air by stating that the aim was not to stifle innovation or hinder technology but rather create standards that promote ethical practices.

Nigeria has been among the nations in Africa leading the pack in the crypto/blockchain arena. In July, together with other countries like Kenya, South Africa, and Ghana, their weekly Bitcoin (BTC) trading volumes exceeded $1 million showing notable strides in the sector.

Nigerians are fighting inflation with Bitcoin

A recent Paxful study revealed that Nigerians are thinking out of the box by using Bitcoin to deal with the devaluation of the nation’s native currency Naira prompted by factors like the current COVID-19 pandemic. For instance, the devaluation of Naira (NGN) from 2018 till now has seen 380NGN being exchanged for one USD compared to the previous 306 NGN.

Through the National Information Technology Development Agency (NITDA), the Nigerian administration sees Blockchain technology as the stepping stone needed tp help the country generate revenue of between $6 and $10 billion in the next ten years.

The NITDA mandated with spearheading the nation’s digital economy policy stipulated that the target was realistic because Nigeria had a huge potential in the payment and financial services sector.

Moreover, the nation is seen as one of the financial technology (FinTech) hotspots in Africa. With the new crypto and blockchain regulatory guidelines being formulated, Nigeria seeks to continue being one of Africa’s hubs in this field.

You can join the Crypto Trend on Binance
https://www.binance.com/en/register?ref=38515884

Or Buy Crypto on Binance
http://www.binance.com/en/buy-sell-crypto?channel=wallet&fiat=NGN/38515884

Follow Binance Africa on Twitter: https://www.twitter.com/BinanceAfrica

Binance has committed $100,000 USD in BTC prizes to its Black Friday promotion. Read the rules below to learn how you can enter and win Bitcoin! Both new and existing users are able to participate.

Activity Period: 2020/11/24 0:00 AM - 2020/12/01 0:00 AM (UTC)

PROMOTION A: NEW USER EXCLUSIVE: Win a chance to buy Bitcoin for 50% off!

All new users who register for a Binance account during the activity period, and complete the crypto purchase and trading tasks below, are qualified to be entered into a lucky draw. 40 winners will be randomly selected from this lucky draw for the chance to buy up to $1,000 in BTC at a 50% discount using BNB. The two tasks are as follows:
Complete 50 USD (or equivalent) crypto purchase using your local currencies in our buy crypto page.
Complete at least 50 USD (or equivalent) in trading volume (includes buys and sells) on any spot, margin, and USDT-margined futures contracts.
Refer to lucky draw terms and conditions below.

PROMOTION B: Complete tasks to split $80,000 USD in total BTC rewards, and win a chance to buy Bitcoin for 20% off!

All users are invited to complete these tasks during the activity period to win BTC rewards:
Task 1: Complete at least 1,000 USD (or equivalent) in trading volume on any spot and margin trading pairs.
Task 2: Complete at least 1,000 USD (or equivalent) in trading volume on any BLVT trading pairs.
Task 3: Complete at least 10,000 USD (or equivalent) in trading volume on any USDT-margined futures contracts.

Reward structure:
Complete any 2 out of 3 tasks to split a prize pool of 20,000 USD in BTC tokens.
Complete all 3 tasks to split a prize pool of 30,000 USD in BTC tokens.
Black Friday Exclusive: Win a chance to buy BTC at a 20% discount: All users who complete at least 2 tasks will be placed into a lucky draw. 150 winners will be randomly selected from this lucky draw for the chance to buy $1,000 in BTC at a 20% discount using BNB.

Terms & Conditions:
After the lucky draw is complete, Binance will send an email to inform the lucky winners who received the chance to buy BTC with a discount. Lucky draw winners must have enough BNB in their spot wallet to cover the discount purchase of BTC.
Valid trading volume includes both buys or sells on trading pairs, excluding any wash trades. Subscription and redemption of BLVT do not qualify.
Binance will use the BTC/USDT and BNB/BTC price at the time of each distribution.

Rewards distribution: BTC rewards for each competition will be distributed within 2 weeks after the end of each specific competition.
Sub-account and margin account trading volume will be combined with the master accounts standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.

Binance reserves the right to disqualify trades that are deemed to be wash trades or illegal bulk registration accounts, self-dealing or display attributes of market manipulation, etc.
Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
How will the lucky draw winners be selected?
We will take the final 8 numerical digits of the last Binance chain hash value at 11:59 PM (UTC) on the last day of this activity period as the winning number. This winning number will be used to match User IDs from the first digit onward. Qualified users whose IDs have the most consecutive identical digits to the winning number will win the lucky draw.
If the number of matches exceeds the number of winners, we will then further select winners based on their User IDs in ascending numerical order (user ID numbers are generated in numerical order at the time of registration, so we encourage users to register early).
Example scenario:
Assume that the last Binance Chain block hash value at 11:59 PM (UTC) of the last day of this activity is: 3E53A755905113FD1738F0A585D65CE4AC942AAF214625512E30A07FBBA5DFA5
Removing the letters from the hash value determines the string of numerical digits: 3537559011317380585654942214625512300755
The winning number in this scenario will be the last 8 numerical digits: 12300755.
The user whose User ID matches the 8-digit winning number will be a winner. If there are no matches for the 8-digit winning number, we will match the last 7 digits with the last 7 digits of User IDs: 2300755. If there are no matches for the 7-digit winning number, we will match the last 6 digits with the last 6 digits of User IDs: 300755.
After the lucky draw is complete, Binance will send an email to inform the lucky winners who received the chance to buy BTC with a discount.

Risk warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.

Follow Binance Africa on Twitter: https://www.twitter.com/BinanceAfrica

Get 20% off your trading fees on Binance registering via: https://www.binance.com/en/register?ref=38515884

Buy Crypto here: http://www.binance.com/en/buy-sell-crypto?channel=wallet&fiat=NGN/38515884

Binance, the world's leading Crypto Exchange launched a new feature for Nigerians. This new feature allows Nigerians to easily send naira to users on Binance and non-binance account holders. This new feature emphasizes Binance’s dedication to increasing freedom of money for users.

Naira transfer at zero cost

The new cash transfer function will help Nigerians transfer cash from one Binance wallet to the other. The new function is available on its app and web.

The recipient of the cash transfer does not have to be a Binance user. The funds could be transferred via email or text message, and the recipients will get a link for them to sign up and instantly withdraw the funds.

This new function extends the Binance platform from being majorly a crypto exchange to an all-round financial app, providing easy access to cryptocurrencies and making fiat transactions seamless and easy for users.

However, it could also generate more users. Recipients will be forced to sign up and create a Binance account.

Cash transfers with traditional banks are not free, the fiat saved in banks are also subject to constant deductions. As such, storing fiat on the Binance could very well become a trend, as it is available for use at any time and not subject to heavy fees charged by traditional banks.

We could very well see a crypto hodling trend by more people. When a recipient is sent money and has to create a Binance account, there’s a possibility of exploring the exchange and wanting to get in on the crypto action.

Binance could very well become a virtual fiat and crypto bank with this new function.

How Does it Work?

KYC verified Nigerian users can easily send naira to another user on Binance and non-binance account holder using the recipient’s email address or phone numbers as the receiving address. This feature allows users to easily send funds to family members and friends.


How to Withdraw Naira to a Binance Account using Binance Cash Transfer:

Login to your Binance Account
http://www.binance.com/en/buy-sell-crypto?channel=wallet&fiat=NGN/38515884

Click on Withdraw under the funds tab

Choose Naira under Fiat

Then choose cash transfer leaving bank transfer

After that, input the amount and the recipient’s email address or phone number registered on Binance

Once you are done, then click send to finish. The transaction will be live until five working days after which it expires. You can as well add additional notes if need be.

Funds sent to non-binance account holder will have five working days to sign up, verify and claim funds else, after five days it expires and the sender gets a refund.

Quick Facts: Binance Cash Transfer for Nigerians allows Binance users to send funds to binance account holders and non-binance account holders using phone number and email address.

What can you do on Binance: Binance aids the trading of cryptocurrency with the Nigerian Naira. Launched in 2017 and started Nigeria market trades in 2019, Binance has turned to the power house for direct naira to crypto trading for Nigerians.

Binance also provides services to other African countries including South Africa, Uganda, Kenya and Ghana. Ghanaians can easily deposit cedis (GHS) using mobile money services gateway.

New to Binance?
Register here: https://www.binance.com/en/register?ref=38515884

Follow Binance Africa on Twitter: https://www.twitter.com/BinanceAfrica

#BTC at $17k in 2017 was worth about 7million NGN, now #BTC at $17k in 2020, is worth about 8million NGN �
(There was a currency called Naira).

Protect yourself from devaluation of #Naira by trading #Crypto on #Binance

Register here: https://www.binance.com/en/register?ref=38515884

Join the fun! Binance Nigeria is organizing an app challenge aimed at letting crypto users and the general public know how awesome the Binance app is and how easy it is to trade anywhere and anytime with your Binance app.

Let your community know why you love the Binance platform, join in the fun, and stand to win from the $500 USDT prize pool. We will be selecting 10 lucky winners. All you need to do is take a picture of your mobile phone with the Binance application opened up, upload the photo, tag five friends with the caption guideline below, screenshot a recent NGN trade, and tell us why you love using Binance with the hashtag. #MyBinanceAppChallenge.

Campaign Period: 2020/11/13 12:00 PM to 2020/11/20 12:00 PM (GMT +1)

How Do I Participate?

Users will fill and submit this form to be eligible
https:///R5zZfsYxceFfG2wz5

Download Binance application

Users will take and share photos of themselves with the Binance App, or a photo of the Binance App with their best scenes.

Tag 5 friends with tag @binanceafrica #MyBinanceAppChallenge

Trade any NGN pairs and upload evidence

Tell us why Binance is their favourite crypto trading platform.

Post on social media (Facebook, Twitter, Youtube etc) and get a chance to win from a prize pool of $500 in USDT.

Join the Binance Nigeria Telegram group.

Copy the caption below to your post

“Binance Nigeria is inviting you to join in this fun activity and earn! Just post a picture of yourself holding your phone showing your binance app and tell me the reason why you love binance.
Tag 5 friends with @binanceafrica & #MyBinanceAppChallenge.

Share/ RT to qualify.”

Notes

1. Participants MUST submit the form to be eligible for the reward.

2. Rewards will be distributed to eligible participants within 2 weeks after the conclusion of the activity.

3. Only Nigeria users are eligible to participate

4. Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.

New to Binance, register here:
https://www.binance.com/en/register?ref=38515884