₦airaland Forum

Babalegba:
I believe Binance is not a traditional finance company or mainstream bank but rather a company setup to facilitate crypto currency trading.
To buy the crypto currencies you do need to change your local money to the us dollar and they provide the mechanism for that. The problem is that CBN does not like crypto and being Nigerian they could unilaterally declare you guilty by association and freeze the bank account which will not be funny if it is your main bank account.
To me this is like one of those people who build expensive houses on land not approved by the government. One day the government will show up with a caterpillar.Binance is not yet flagged but might be flagged one day. The gotok app is safer.I have been known to be wrong before though .so no worries if you feel confident

Going by your explanation, we'd conclude that Binance is not the only culprit here, but the likes of PayDay, Chipper Cash, Klasha, Gotok and so on should also be classified as Illegal because they too provide platforms for the exchange of dollar with the local currency. My question then is, "is the CBN not aware that these fintech companies exist?" Anyway, as somebody said up there, we'll start employing another term instead of the world 'crypto'.

Babalegba:
Would CBN not close your account if you are caught dealing in crypto

When does buying dollar with naira amount to an offense? I don't know what you meant by dealing in crypto, but am using the word here as a generic term for currencies that can be purchased with naira on Binance . If the CBN considers buying dollar, for instance, at black market to facilitate foreign transactions illegal, then I expect it to have closed down BDS operations.

Kennedy97:
This dollar Fintech are charging extra

Dollar on the black market is 762
Fintech is charging minimum 774

Over 12#

When you can buy from aboki for 762

Opening a Dom account is free in zenith bank
I did not have to make any deposit instantly even

Don't be deceived, unless you're the type who buys in large quantities, running domiciliary accout is not as easy as you think. Your Bank may not charge you for account opening now, but believe me, by the time they start deducting their charges, you'll be shocked. Some people have tried it but decided to make a retreat after discovering that it looks like unprofitable venture.

Moreover, who has the time to start looking for Aboki to buy dollar when you can easily activate a virtual dollar card within the comfort of your room?

Besides, it is possible to get dollar at the official black market rate of 762 naira/ $. This is for those with crypto knowledge on Binance.

Efisko1:
I have used ur referral code

Enjoy your reward!

mctfopt:
Where is the option located? As I can only see the following options attached?

What's the naira rate to $?

You have to create a new card: select the home button and click on the + sign at the top of your current card and you'll see the new options....
You can easily see the naira rate /$ when you add dollar amount to purchase.

ceejay80s:
Ok thanks.....
Is there a minimum fund I must have to make purchase?
E.g if I see an Item on AliExpress that costs 1300 naira, can I transfer 1300 to them

Minimum fund is $5.
For question 2: no, the final price will be more than that. On AliExpress mobile application , change the country logo (you'll see it under account) from Nigeria to US, then the price will change from naira to dollar, and you can easily see the dollar amout of the item you intend to buy. Then, purchase the exact amout of dollar from Gotok by transferring the Naira equivalents from your bank at the point of creating your dollar card.

mctfopt:
You can try gotok. But you'll need to sign up on Binance as that's where you can buy BUSD to be used to fund the Gotok

There is option to fund Gotok virtual dollar card with naira now through bank transfer, but I still prefer the Binance funding.

ceejay80s:
I want to buy an item from AliExpress with gotok, I have installed and registered on gotok, pls which of the card do I select as payment method for AliExpress, see screenshot below
Thanks

Select either option 1 or 3. Option 1 means the card can be used for shopping on AliExpress only. For option 3,you can use the card for purchases on any platform (AliExpress, ebay, Google and etc).

ceejay80s:
Can't I fund gotok with my gtb debit card?

The option of funding through local debit cards is not working. Instead, select "bank transfer" and send the money directly from your local bank, just like normal bank to bank transfer. That's what worked for a friend I assisted of recent. Gotok will drop for you the account number(wema bank) to transfer the cash into, and you'll see the Naira equivalent of the amout of dollar you're buying....
Don't forget to use the refarral code I dropped for you above. It qualifies you for 75% cashback of your initial spending.

swagifted:
am thinking of going for gotok

Sign up on Gotok through this link:

https://links.gotok.app/Mmo8tZecN1BE9YUR6
Or
enter this referral code: 9356075710.

You'll be given 75% cashback on your first transaction fee.

acorntree:
Why the increase? Is black market rate increasing

Is there anything that is constant in this life apart from change? Check Binance and you'll know that dollar rate has gone up.

Emusan:
What's the minimum amount gotok allowed?

$5 minimum card funding, but you could have less than $0.5 account balance.

K kilo

ganie:
And it is 2pcs of a Redmi phone ooo...
I just feel it is not right to be paying separate shipping fee.

How can a store help me with it, will they create a link for me?

Though I don't know the model of xiaomi phones you want to order, store like "Xiaomi Authorized store" provides free shipping to Nigeria. Just take your time and do the searching.

jboixxx:
[color=#0000ff]Keep finding the store that'll meet your requirements if that particular store doesn't give you what you want. [/color]

Exactly! I take my time to search and search through when it comes to things like that.

ganie:
Hi bro, i want to buy 2pcs of an item but I am being charged shipping fee for the 2.
Is it not possible for it to be packaged together and I pay just the shipping fee on the item?

Please anyone that has an idea on how to go about this should share
Thanks.

Yes, some stores do charge shipping fee on each item irrespective of the quantity you're buying. If you're not comfortable with that, look for other stores selling the product and buy from each of them. The items could be combined into one package before shipping.

oloko1859:
Good bluetooth earbuds recommendation, something inexpensive pls

K10 Earbuds very good and cheap. I've bought close to 5 pics. Between $4 - $5

yungrylex00:
thanks
I used your refferal
Hopefully you'll put me through, if i have any issues

Chat me up on whatsapp if you're facing any challenge. Check my contract on my signature

yungrylex00:
thanks a lot
I'll try both tonight

Install gotok through the link below and get 75% cash back on your fund:

https://links.gotok.app/Mmo8tZecN1BE9YUR6

Or
enter this referral code:
9356075710

winnerhero:
Please who have had his package returned back to China? There's this item enroute to Nigeria that I no longer need. Its a self pickup. My plan is to not respond to pick up request from speedaf so they can take it back to sender, then I can request for a refund, please anyone in the house who has tried it before

There's nothing special about it. The package would be returned the same way it came.... Mine was sent back after about 15 days of it's arrival in Speedaf office,but I never got to know about it. Then, I couldn't locate Speedaf's newly opened branch in my area, neither did I receive any notification message for a pickup , only to discover on the tracking that the item was already making it's way back to China. Well, I got my refund through dispute after uploading available evidence.

profmallor:
I want to order a laptop from Aliexpress, what are my chances of receiving them in Nigeria(lagos)

Buy your laptop here, not advisable to buy it from AliExpress.

Olamak1:
Umidigi phone screen for sale:
Umidigi A11 pro Max - 26k
Umidigi A11 - 21k
Umidigi A7s - 22k
Umidigi A11s - 20k

Waybill to any location possible.
Contact : 08028870053 (WhatsApp)
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Selling!

kayus621:
if you're finding with binance the rate should be somewhere around 740-745/$

For where? That was about a month ago! Dollar rate has increased astronomically in a couple of days on Binance. As at this evening, the least p2p rate is 766.60 naira/$, and it hasn't stopped. In fact, the rate could hit 800 naira/$ by tomorrow.

anungangampu:
Its seems GOTOK has been having issue on aliexpress
This is the error I am receiving .

Note that this error may not have anything to do with gotok network because I've experience such before...... Choose another product that doesn't fall under "super deals Flash discount", for example, and pay with the card. Do this now and see if the issue is resolved.

Emusan:
How much does gotok charge per transaction?

They charge 1% on card funding amount ( am talking about dollar funding through Binance). For instance, you want to fund your card with $100. It means you have to buy $101 on Binance and fund you gotok card with it..... I understand they now have dollar card to be funded with naira, but their rate is 782.92 naira/$ as at this afternoon. What I don't know about this one is whether it has hidden charges or not.

Chelsea2000:
Shd i accept or reject?

Are you a jjc? We already told you not to accept Seller's offer when it comes to dispute, you're still asking whether to accept proposal or not. Am sure you can see clearly the result of accepting the proposal. The choice is your!

Chelsea2000:
I just opened dispute. The seller chat me that I should cancel it that we can settle in friendly way. My question is after I cancel it can i open another dispute. Thanks

Don't you ever cancel the dispute or you'll regret doing so! Sellers are very smart. They'd plead and cajole you and tell you to accept their proposal and close dispute. If you do, and the dispute window closes while that in on, you end up losing your money.

Sigba2:
Please help me.
My order has been hanging for 3weeks now.
I have contacted my supplier, they shared a screenshot of my order movement and it's the same with mine.
Who has experienced this, the other goods I ordered alongside this has all been delivered last week.

Relax, it's normal for orders shipped through transit country. It could only take longer time to arrive destination, but the order will reach you, all things being equal. Note that you can't compare orders sent via transit country, mostly by Signpost, to those shipped by Speedaf because each of the 2 companies has its own unique way of operation.... Go and take a cup of shilled water to calm your nerves while waiting for the arrival of your order.

Sultan5:
Gotok just soft no fee, only thing is you must have a min of $1 in there thats all. Verification is very fast with your bvn.

It's not compulsory you must have up to $1 as balance. My account balance was less than $.70 as at last week before I did a card top up.

adubam:
My item that was supposed to be sent to Abuja was sent to PHC and now they are returning it to Lagos. Speedaf is acting funny these days even with address and phone number of recipient.
Well they have many fuel to waste.

Hmn! I tell you, this is exactly what I pointed out a couple of days ago. Something strange has definitely come over Speedaf of late. Who knows whether they have a newly amployed person in charge of these parcels who's suffering under a spell? Or how do we explain a situation where items with names, addresses and locations boldly written on them are sent to different locations entirely? It's sonds strange!

Gbagura:
Is China on strike too? My items has refused to ship overseas since the last 5 days which usually take less than 2 days to depart for country of destination. Wetin dey occur?

Why not chat seller to find out why he's yet to ship your order?

Umidigi phone screen for sale:
Umidigi A11 pro Max - 26k
Umidigi A11 - 21k
Umidigi A7s - 22k
Umidigi A11s - 20k

Waybill to any location possible.
Contact : 08028870053 (WhatsApp)
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Laycoln:
Hi, Good Evening Y’all, I want to order Samsung Screen Replacement, but wanted to ask if it’s safe to order from a seller that had a little review, hope my order will be delivered?

It all depends on some factors. For instance, the seller could be a new entrant on AliExpress. So, that doesn't mean he's fake. Also, the few reviews could be as a result of low patronage from buyers because there are many sellers of similar products. What you should do is to check the overall rating of the store ( in %, next to the store name) to know whether it's favorable or not. Again, the few reviews, are they positive or negative? That is another sign to watch out for.