₦airaland Forum

Does anyone here know any platform where someone can get NGN @ normal 1:1 ratio?


Please

$@

Ayjay44:
please its not reliable. How do you mean

It’s not reliable in the sense that sometimes you may get a match to fund your account and sometimes you don’t . For instance if you want to fund your accounts with 500k, there may not be p2p traders ready to sell to you at that moment and as such you would not be able to fund using that option. And sometimes you may get a match. I have used it up to four times

SINisSIN:
Colorado 😀😀😀😀wetin you dey explain now

I no need to even explain myself, I fit Dey try explain myself, and the guy go understand another thing come use am attack me, na plenty stress and I want comot

lrman:
Jargons..

so you are a hypocrite after all..so with the way you condemned binance p2p and claim they are the one that is making the dollars to rise via price manipulation ..who on earth would believe that the same YOU will still go ahead to buy dollars at 1200naira and hoping the dollars keep rising so that you can profit from the bad exchange rate ?. So you say A online and do B at the back...hypocrisy...this is why they should not take some of you serious , you will condemn people who are guilty of the same thing you are guilty of.. smh...shior

Las las ole ni everybody

This your own matter shock me ooooooo....

Let us start like this, p2p means peer to peer and usdt is digital token. Dollar is not the same as naira and the day Mr Alex Otti kicked off the Aba port harcourt express road many people were happy. Few weeks later, a student killed his girlfriend. Does that mean that cancel the fact that Rema performed at the Ballon d or awards? One truth people refuse to accept is that Erriga is a very intelligent rapper and no matter how long it takes a stammerer will pronounce his father’s name. Were you not born when the quote “beauty is in the hands of the beholder” was made?

lrman:
Dollars rise you don't like it and you blame the binance p2p ..

Dollars is now falling, you are still not happy with it and you are even talking about fear and you are talking about how you are not ready to sell the dollar..so what makes you different from the same manipulators on binance p2p that you were condemning few days ago ??

What exactly do you want ??

E fall ..wahala

E rise ...wahala

Just because dollar rates increased does not give us the option to start going to church afterall Messi won the ballon d or and still work have not started on 3rd main bridge. Do you even know that pressing your phone more than 6 times a day can make your car malfunction? That’s why we must all be serious in life so that our girlfriends will not wear shower caps.

Robnectar:
U can still fund your binance account with Naira and use it to buy USDt

I know, through this option but it’s not reliable. The people that sell NGN to you are mostly p2p traders and they charge 1500 per 500k and even at that it’s not reliable. Sometimes there would be no match available and as such you can’t buy.

For instance since way usdt don start Dey fall, dem don hoard and hike price of NGN selling it at 1. 04, so if you deposit Ngn at the rate, 500000k go get you 480k.

Nothing pass direct card purchase, e go eliminate that price manipulation and allow real demand and supply to determine rates. Cetris paribus

Robnectar:
Just take a chill pill bro,... Dem dey play 1st

Abi? Lols

I no go sell sha… I read J.P. Morgan’s projection of 850 by December, fear wan enter my body small.

But I know Nigerian Govt, you can never lose betting against them.

If only the CBN can make it possible to use naira cards to make dollar payments… it will still help. For instance if you fund binance with your card, you simply buy from this usdt/ngn pair. That will really reduce the manipulative powers people in P2p have.

StrafordSTONES:
Played exactly the way I said … most people who bought above 1000 - 1100 would be sweating now.


And guess what a lot of people did… no one really knows what will happen in the short-term but mid to long term dollar will still get to 1300 ish

As long as you trade the financial markets and or digital assets, you must always belong to groups/forums, it’s the diversity of opinions that keeps you balanced. You also need the news that fly around most times.

After reading from several sources and watching experts on national television talk about our depleted foreign reserves, I summoned the courage to start buying usdt from 1200: (got another at 1142) following it’s fall from the peak 1290. Yesterday, I was so busy, didn’t check binance all through the day and the evening when I checked rates I saw #1007. It was really mood changing haha. Let’s fold our hands and see how it goes from here.

doyin01:
Which further confirms what I said earlier that the abokis did not follow the price at binance p2p..


God knows I hate daft people...


Y

You are somehow unintelligent sha,


So you want to someone to spell out the key word for you baa?

Well, the price that crashed on Binance INFLUENCED abokis to sell at lesser rates Than 1300.

doyin01:
And have your aboki now reduce the price of their own ?? Or the abokis are not following binance p2p anymore ?? ITK will not wound some of you...they always believe they are right and others are wrong..they won't dare consider the opinion by others...

Have they not ?
What’s the rate by abokis today as against the day I made that post?

You are the one who has refused to see things in my own light… I am always of the opinion intelligent argument are avenues to learn but when I am observe that the party engaging me is only try to be right and not establish a fact or exchange knowledge, I back off.

It was during the course of that argument that someone here made me link the news of access bank hack and the usage of the funds to buy usdt on binance to the increasing rates, there were a lot knowledge exchanged during that time but if you haven’t grabbed any or seen any, then I plead with you to stick arrogantly to yours. Thanks

seankafor:
always blaming everyone except yourself and your corrupt ineptitude gorverment

Shame

See big man, I don’t ever play the blame game. I just like to separate cause from effect. Everyone knows the government is a colossal failure, APC is worst but it’s a bandwagon lifestyle to not try and understand why some things happen ..: gimme a sec, I will reply u further when I’m free

doyin01:
Naira gets weak , they blame p2p...but when the same naira gets strong , they won't praise P2p...they will claim the government did it...hypocrites...

Most of you guys don’t get the point an argument is trying to establish before engaging it. The argument me and some like Minds made here over the week was that there is a vice versa relationship of the price quoted by bdc operators and the one displayed on Binance p2p. During a period of price discovery, bdc operators may check the prevalent prices on p2p to fix their own prices the same way prices in binance p2p can adjust either upward or downward to reflect bdc,s price.

To make you understand properly, now that prices of crashed on binance p2p, Watch and or observe whether the abokis will not reduce the prices of their own.

Again we also tried to understand why the NGN was depreciating at an increased rate, and we gave a hypothesis that there was manipulation going on in binance p2p which was driving the prices up. This observation was later confirmed by the new of the hacking in access bank which saw an increased purchase of usdt by the putative hackers.

What did you not understand and why the childish outburst?

I think after dodging all the bullets, Tinubu and his friends will launch attack on Atiku… his investments and thing s

StrafordSTONES:
The supreme has moved the date for delivering judgement from November 2nd to to tomorrow 26th oct. It clearly suggests one thing: …

Tinubu’s legacy would last longer that of Pablo Escobar. Hollywood will do movie in his name .because Why not? This man succeeded in becoming president despite his past. Na senior man

seankafor:
bro are you stupid or you don't know what decentralization means .

If you like set your usdt at 5k/$.. no body hold you ..

That's why it's called p2p, you set your own price.. there are thousands of others ... Choose the one best for you or leave the whole thing entirely..

Dem put gun to your head say make you buy?

You probably have foolish parents, so I wouldn’t have much expectation from you. Keep living, you are forgiven.

Fasttt:
The government is doing all they can. I heard there was a hac*k of bout 60billion naira from the bank, the hack*ers are massively buying usdt with stolen funds. They even block more than 500traders account. Demand and supply, if they are massively buying usdt, it makes sense the price increase. Supply not meeting demand. Since the money is stolen, they can buy at any price. Couple with the hyper inflation esp in Nigeria. Seized funds from p2p traders. Leaving less traders for supply.

Also makes sense as to why one of the guys I traded with yesterday was insisting that I drop my no… if you conduct multiple transactions at p2p, u may risk receiving fraudulent money into your account and getting it blocked.

Fasttt:
The government is doing all they can. I heard there was a hac*k of bout 60billion naira from the bank, the hack*ers are massively buying usdt with stolen funds. They even block more than 500traders account. Demand and supply, if they are massively buying usdt, it makes sense the price increase. Supply not meeting demand. Since the money is stolen, they can buy at any price. Couple with the hyper inflation esp in Nigeria. Seized funds from p2p traders. Leaving less traders for supply.

Now this is an intelligent response tracing cause from effect and espousing logical inference… not some careless refuting of well observed hypothesis.



It makes a lot of sense now because just like I said yesterday, this recent increase is not natural l.

Even with glaring evidences, people still don’t want to see what I’m showing them… Binance is a contributor not sole formulator of the ngn/ usdt price.


See evidences of manipulation… the usdt/ngn chart is even disagreeing with the set prices, the ones buying from those selling their dollars don’t even want to buy it above 1255 but they are selling theirs at 1290; eventually it’s the price prevalent at P2p that would become Nigeria’s quoted exchange rate.

No one can convince me otherwise and if the government goes after binance P2p operators today, temporary stability will be achieved as regards volatile rates

I will say it again and again, the way the naira is falling is not natural… bad government and all, but we have few entities who are running our currencies down. We are gonna suffer it.



Who else has noticed that naira/usdt rate’s usually stabilize over the weekend (Friday- Saturday and sometimes Sunday)and start experiencing increased volatility from Mondays?

doyin01:
And how can you prevent price manipulation in a bad economy ?? Don't you know price manipulation will be successful when an economy is bad...?? You are not fixing the bad economy but you want to fix price manipulation?? Do some of you even listen to yourselves before you talk ??

Even in the western countries the price manipulation happens too but it will not be too problematic for their currencies because their government are protecting their economy the right way it should be ...

FIX THE ROOT OF THE PROBLEM....DON'T JUST CUT THE DAMAGED PART OF THE TREE , CUT THE MAJOR THING THAT IS CAUSING DAMAGE TO THE TREE ITSELF..COMMON SENSE. SMH...


I remember that is how some of you during that time kept blaming abokifx for the reason why the naira was weak. Then they banned abokifx..guess what ?? Less than five days the naira even got worse then the same people blaming abokifx now shifted the goal post and started blaming another thing or the other...you people will not learn in this country.. smh

Oga you have been arguing aimlessly? No one has exempted the Government from the blames of the bad economy, we have been discussing about bad government, corruption since Nigeria’s inception. The argument is whether or not there is price manipulation on binance and whether or not those the effects of those manipulation trickle down to the parallel market/black market and answer is yes.

You can now use this answer to curb the further plummeting of the naira if you are a government official.


I’m not responding to you again.