With the CBN ban & challenge facing open BTC dealers, what is a way out from all of this..

CBN didn't ban cryptocurrency. It banned the use of the naira and Nigerian banks in storing btc transactions. Simple.

To solve it is very simple. It is called peer-to-peer or person to person transactions. Just two days' back, someone I know purchased btc worth N1.5 million.

You don't need the CBN to buy cryptos if you are a serious person and a serious investor.

Peer to peer. Chat me on whatsap if u need me to enlight u... Just yesterday i make abt 20k on transactions

Goldencheese:
CBN didn't ban cryptocurrency. It banned the use of the naira and Nigerian banks in storing btc transactions. Simple.

To solve it is very simple. It is called peer-to-peer or person to person transactions. Just two days' back, someone I know purchased btc worth N1.5 million.

You don't need the CBN to buy cryptos if you are a serious person and a serious investor.

Thank you. People don't bother to read, everyone is screaming CBN banned crypto.

Anyone successful withdraw Naira from Luno?

Thanks for the correction... There are other crypto investment that one is into... Binance is quite complex.. can't even find my way around it.. how does one also manage the trust issues, when it comes to dealing with unknown buyer or seller..

Goldencheese:
CBN didn't ban cryptocurrency. It banned the use of the naira and Nigerian banks in storing btc transactions. Simple.

To solve it is very simple. It is called peer-to-peer or person to person transactions. Just two days' back, someone I know purchased btc worth N1.5 million.

You don't need the CBN to buy cryptos if you are a serious person and a serious investor.

Your Whatsapp contact.. please drop.. it...

Ay04z:
Peer to peer. Chat me on whatsap if u need me to enlight u... Just yesterday i make abt 20k on transactions

Sir/Oga boss please ignore the English.. am sure you understand the point been made or the direction of the question... help out if you know a better or easier way.. thank you...

TUANKU:

Thank you. People don't bother to read, everyone is screaming CBN banned crypto.

National Bank of Kyrgyzstan (NBKR) is planning to license the cryptocurrency exchanges operating in the country.

This is how a central bank is supposed to think and work within the context of the times.

Ouzidi77:
Thanks for the correction... There are other crypto investment that one is into... Binance is quite complex.. can't even find my way around it.. how does one also manage the trust issues, when it comes to dealing with unknown buyer or seller..

See my brother, this is the world we are in now. Binance has escrow. Many platforms have escrow if you want to buy or sell on their platform. They only charge a minute percentage. Don't give up on Binance...take time to learn because this is the future. Then again, have a skill, keep a day job and run your crypto business on the side until it becomes big and overtakes your paid employment.

I need a guide on the p2p angle of binance, I understand is person to person,, how do I identify a Nigerian seller.. whom I can buy from so as to pay naira & get the value...

Goldencheese:


See my brother, this is the world we are in now. Binance has escrow. Many platforms have escrow if you want to buy or sell on their platform. They only charge a minute percentage. Don't give up on Binance...take time to learn because this is the future. Then again, have a skill, keep a day job and run your crypto business on the side until it becomes big and overtakes your paid employment.

Ouzidi77:

I need a guide on the p2p angle of binance, I understand is person to person,, how do I identify a Nigerian seller.. whom I can buy from so as to pay naira & get the value...

Is on their app. Look for P2P.

Does luno have the p2p option?

Download and open 1xbet.

Fund with crypto and withdraw to Nigerian Bank Account.

Falakotolu:
Download and open 1xbet.

Fund with crypto and withdraw to Nigerian Bank Account.

Funding with crypto and withdrawing in Naira will result in losses now. How do you go about it bro?

Ouzidi77:

I need a guide on the p2p angle of binance, I understand is person to person,, how do I identify a Nigerian seller.. whom I can buy from so as to pay naira & get the value...

I got this from someone. So try it out on Binance:

Binance has added an NGN FIAT/NGN pair to its Peer to Peer (P2P) trading platform in Nigeria. Users can now BUY and SELL their NGN FIAT balance on Binance with zero transaction fees for Nigerian Naira (NGN) using Bank Transfer and other payment methods.

Don’t do the 1xbet method....u will lose ur money and send billions of email wen u can’t withdraw

Ay04z:
Peer to peer. Chat me on whatsap if u need me to enlight u... Just yesterday i make abt 20k on transactions

No way to contact you,,
Can you shed more light on how to make 20k from p2p

Add up 08134866398 whatsapp only

Goldencheese:


I got this from someone. So try it out on Binance:

Binance has added an NGN FIAT/NGN pair to its Peer to Peer (P2P) trading platform in Nigeria. Users can now BUY and SELL their NGN FIAT balance on Binance with zero transaction fees for Nigerian Naira (NGN) using Bank Transfer and other payment methods.

+1

CBN did not ban Cryptocurrency. They don’t have the capacity to do so. All they did was to tell banks not to process transactions from crypto exchanges. This was a challenge at the initial phase which made a good number of Crypto traders revert to the old way of buying and selling crypto-asset popularly known as Peer 2 Peer.

Most crypto exchanges in Nigeria have integrated the peer-to-peer feature in their platform where buyers and sellers meet and conduct transactions using the exchange as an escrow.

Personally, I fund my crypto wallet and also withdraw from my Crypto wallet using Quidax.

Quidax has an easy to use interface which is easy to navigate with a top notch support team.

Inorder to trade with Quidax P2P, you will be required to complete your level 3 verification.

For details on how to use Quidax P2P platform, click this :

https://blog.quidax.com/make-way-p2p-is-live-on-quidax/