Nigerian Naira Becomes First African Binance P2P Currency

Nigerian Naira Becomes First African Binance P2P Currency

Binance have added the first African currency to their P2P cryptocurrency exchange service, the Nigerian Naira.

There has been a lot of updates from Binance of late in regards to their P2P trading service that went live late in 2019. Most recently, that saw them expand the trading service to also accommodate for desktop traders looking to use the service. However, most prominently, they have been adding many new fiat currencies for traders to use on the service, including Vietnamese Dong. In the latest addition to this, they have added the first African currency to the service in the form of the Nigerian Naira (NGN).

Speaking about this latest addition, ChangPeng Zhao, the CEO of Binance, explained that, “We believe that Africa is a blockchain continent. We no longer need to bank the unbanked. We can empower them with cryptocurrency financial services directly. Nigeria is a vibrant innovation hub with a great passion for cryptocurrencies “. Before continuing to explain that as a company, they “strive to provide the easiest cryptocurrency access and best trading service for the African community, and P2P trading is a more flexible approach, giving users the freedom to choose their payment methods and counterparty in a trade. “

This will allow those who own the national currency of Nigeria to make transactions on the service with no fees attached. Thus meaning they can directly buy and sell BTC, ETH, USDT, BNB and BUSD with other users and verified merchants on Binance P2P platform. These transactions can all be processed instantly and with security ensured thanks to the Binance’s crypto escrow service. This is simple enough to do but if you need any assistance then you can use the services  24×7 customer support to assist the transaction.

As previously reported, the P2P service can also provide seller on the service with generous rewards in return for putting their tokens on the service and thus become a merchant on the platform. “We are also providing a unique opportunity for users to become P2P Merchants where they can post trade ads and earn money, estimated to be worth a few thousand dollars USD per month, while providing cryptocurrency access for their communities, “ said CZ.

CZ also previously outlined his intent to add all 182 currencies used globally to Binance in some way, shape or form. As such, if you are still waiting for your currency to become available on the P2P service, or indeed, any of their services, then it seems to be a matter of when not if. Go to Binance now to start making use of NGN or any of the other fiat currencies that the P2P lets you use to buy crypto assets from other investors

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

Asia,Bitcoin,Casino,Promotion

Win a Trip to Japan and Be at The Olympics with BitStarz

For the next month at BitStarz, players can win themselves a trip to Japan and loads more prizes too. Perhaps the best-known crypto-asset orientated casino on the market is BitStarz. As well as being one of the earliest casino websites to set up a service directly orientated at bitcoin, they have made their presence heard […]

29 March, 2020
Investment,IQ Option,Trading

Using the Stochastic Oscillator with IQ Option

IQ Option has released their latest guide which helps them understand how to use the momentum-type indicator, Stochastic Oscillator. Developed in the 1950s, the tool can be used as a means to judge oversold or overbought position, thus helping them to predict the future of an underlying asset. This can, therefore, provide the information investors […]

28 March, 2020
Coinbase,Crypto Wallets,Investment

Coinbase Wallet Now Allows You to Earn De-Fi Interest

The wallet product from the exchange platform, Coinbase has expanded its use-cases and will now allow you to earn simply by storing your assets on it. The way this will work is by allowing you to lend out your crypto through the wallet. However, they are not reinventing the wheel in respect to this service […]

27 March, 2020
Binance,Social Media

Binance Plans to Raise $5 Million For Corona Relief Campaign

Binance Charity has put plans together to generate $5 million in donations which they will use to commit to providing medical supplies and help combat the effects of COVID-19. It is impossible to get away from the news of the Coronavirus which has led to isolation and quarantines in many countries worldwide, among other measures […]

26 March, 2020
eToro,Finance,Investment,Trading

eToro Compares Corona With Previous Crisis

The Corona has caused one of the fastest sell-offs ever seen on the global market. How does this compare to other previous crisis? Well, eToro have answered that question in a new report released earlier today.   The market behaviour since the start of the virus has caused serious concern and a mass reaction from […]

25 March, 2020
CFD Trading Platform,Investment,IQ Option,Trading

Trade with Multiplier at IQ Option

In their latest guide, IQ Option have drawn attention to the risky yet rewarding multiplier option that they have in place on their trading platform. In a nutshell, the multiplier allows traders to “manage a position that is greater than the amount of funds at his disposal” according to IQ Option. Already by the name […]

24 March, 2020
Assets,Investment,KuCoin,Trading

ZEL Set To Go Live For Trading at Kucoin Tomorrow

Amid the market turmoil, KuCoin has continued to improve their trading options with ZEL set to go live for trading tomorrow. Deposits for this latest token in a long list of other recently added tokens has already gone live.  However, traders will have to wait until tomorrow to get fully involved in ZEL trading. This […]

23 March, 2020
Crypto Wallets,Promotion,Trezor

Stay Safe and Save 15% on Trezor Wallets

Here at Cryptimi, we are aware that there is not much to rejoice about right now. Well, to remedy that, we have a special promotion that will see you save 15% on Trezor wallets.   The coronavirus is on-going and it is causing chaos across the globe, with a particularly negative effect on investments, both […]

23 March, 2020