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how are we going to withdraw our Bitcoin?

mcjerry

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My Luno wallet still withdraws Bitcoin since the passage of the law that banned cryptocurrencies usage in the Nigerian banks. The only service that is affected on my Luno is that I can't buy cryptocurrencies but when it comes to withdrawal, I can always withdraw.
I don't know that. When they placed ban on crypto currency I thought it wasn't possible to be able to withdraw our funds there in luno. Thank you for the update I will check it out and see if I can withdraw to my bank account
 

jeff87

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Baesd on the law passed on all banks by Central Bank of Nigeria, how do think people will be able to withdraw or convert their crypto currencies
It's so sad that you have a Bitcoin withdrawal in your country. As for my country, it's not very hard or difficult to withdraw my Bitcoin.

I just go to log in first to my binance wallet and then I will click on withdrawal then I will place the amount and the Bitcoin wallet address.
 

Yusuf

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You have different options on how to withdraw your Bitcoin due to the ban on crypto currency exchange Business in your country. You can transfer your coin to another crypto currency exchange platform that uses peer to peer system or you rather wait till they resolve the issue.
 

Sotherefore

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Well you can sell your cryptocurrency to people who are interested to buy and you really need to be careful so that people will not scam you of your cryptocurrency because there are a lot of scammers on online.
 

Richard92

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It is very easy, you can simply sell it to a third party bitcoin merchant and you get your cash sent to your bank instantly. I am a merchant in buying and selling bitcoin. Check my profile. You can contact me on WhatsApp +2348069104982. You have nothing to worry about.
Because of the ban of cryptocurrency operation in many countries individuals are asking how can they be able to withdraw their bitcoin from their blockchain wallet or other wallet but I see there is a solution if you are making use of penis because you can be able to sell your cryptocurrency through P2P
 

Ralphjoe

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I don't know that. When they placed ban on crypto currency I thought it wasn't possible to be able to withdraw our funds there in luno. Thank you for the update I will check it out and see if I can withdraw to my bank account
Well since we last had this conversation you know I'm actually disabled the ability for one to withdraw your cryptocurrency directly to the bank and so maybe we should we can I withdraw my money is by using the finance application through peer to peer feature to sell my cryptocurrency.
 

jeff87

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That is what I often read in group chats, that my Nigerian groupmates are having problems with how they can transact using crypto now that it is banned in their country. I feel sorry for them especially since they need to convert their crypto through their native currency because they will use it in their daily livelihood. I hope someone can answer this here so I can share with them and help them. Stay strong Nigerian friends🙏
Even here in Bizdustry I often see this thread about the problem of withdrawing cryptocurrency in the country of Nigeria. Of course if I am encountering this kind of problem, I will also ask help from cryptocurrency enthusiasts.
 

Thinker009

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I think there are options to withdraw through the use of p2p method if you are trading crypto currency and others , these are the method I Know of and which many are using
 

Jlife

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Using of P2p will help you to withdraw your cryptocurrency to your local bank account now the Federal Government has stopped the withdrawal of cryptocurrency from exchanges
 

mcjerry

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Well since we last had this conversation you know I'm actually disabled the ability for one to withdraw your cryptocurrency directly to the bank and so maybe we should we can I withdraw my money is by using the finance application through peer to peer feature to sell my cryptocurrency.
OK. I was wondering how I did not know that. I am using some other means to exchange my crypto currency. How I wish the Nigeria government should unban crypto currency so that we will be withdrawing from luno account
 

Good-Person

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I usually use third party exchangers to withdraw my bitcoins and other crypto coins as well. Right now I am not dealing in Bitcoin and not using it for transactions due to its very high transaction fees.
 

Setfragil

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Since the ban on cryptocurrency, I still withdraw and sell cryptos without issues. People that have issues with it are those who buys or sell huge amounts of cryptocurrency.
 

Ralphjoe

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OK. I was wondering how I did not know that. I am using some other means to exchange my crypto currency. How I wish the Nigeria government should unban crypto currency so that we will be withdrawing from luno account
The ease of withdrawing my money using luno application was very convenient for me then but now I have no other choice than to be using in finance and also be making use of their peer-to-peer method of selling my criticality which is very risky especially for newbies.
 

Setfragil

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Withdrawing bitcoins from your wallet is the easiest thing to do. You will have to sell it through peer to peer on exchange cryptocurrency platforms and it is very easy and fast to do.
 

Aaron625

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Yeah thats the safe and quick way to buy or sell bitcoin , through peer to peer on exchanges websites like localbitcoins , paxful. Despite of the crypto ban , people still trade small amounts of crypto.
 

Georgeadawara

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I suggest you should use somebody of the wallet like binance wallet so that your do your p2p transactions on it and if possible some wallet can also do the bank transactions
 

kayode10

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Banning of cryptocurrency in Nigeria does not hold any water. people are making use of peer-to-peer features on different wallets like binance to convert their cryptocurrency to local money.
 

Jlife

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Withdrawing bitcoins from your wallet is the easiest thing to do. You will have to sell it through peer to peer on exchange cryptocurrency platforms and it is very easy and fast to do.
Yes even if you are not using the P2P you can sell it out to trusted people that are interested to buy and that is what I have been doing, I do not have to go through the process of P2p.
 

Justin

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Bitcoin and all other cryptocurrencies are illegal here, therefore it is not possible to withdraw bitcoin here. However, we can use the loop holes by using currency exchange service
 

Richard92

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It is very easy, you can simply sell it to a third party bitcoin merchant and you get your cash sent to your bank instantly. I am a merchant in buying and selling bitcoin. Check my profile. You can contact me on WhatsApp +2348069104982. You have nothing to worry about.
These days because their operation off Bitcoin all the buying and selling of Bitcoin is decentralized it is not really easy for people to withdraw their Bitcoin but the best way you can be able to withdraw your bitcoins by selling it Drew P2P using binance
 
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