Is Binance Still Working in Nigeria?

Temmy Samuel

Is Binance Still Working in Nigeria?

Is Binance Still Working in Nigeria?

Yes, Binance is still working in Nigeria but Binance P2P is not longer available to Nigerians. On 5 March, Binance ended naira services that it started in 2020 amid allegations of exchange rate manipulation that led to the arrest of two of its executives. “Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC). Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC). After 2024-03-08 08:00 (UTC), Binance will convert any remaining NGN balances in users' Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN,” the largest crypto exchange stated on it platform. How to Use Binance in Nigeria While Binance did not state specifically that it is closing its operations in Nigeria, the company said it would discontinue all NGN-related services. However, the company says Nigerian customers can use other services on it platforms that not related to NGN services. Can I Still Use Binance in Nigeria? Binance is no longer supporting Nig…

About the author

Temmy Samuel

He is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently chasing a BSc degree in Accounting.

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