How do we withdraw our crypto currency

[GIFTMICHAEL]

Their are so many method to withdraw our coins in the exchange site. Either through the peer to peer method or direct withdrawal to the bank account using debit/credit card.

 

[Senator]

Withdrawing your cryptocurrency doesn't have to be a big problem at all. Because there is always the peer to peer angle of the exchanges to deal directly with buyers who are willing to pay you for your cryptocurrency in your local currency

 

[Shigobad2020]

Selling your crypto currency through peer to peer is one of the best way to sell your coin online, since the central bank of Nigeria has ban the withdrawal of crypto currency into naira.

In light of the recent circular from the Central Bank of Nigeria (CBN) advising financial institutions to close bank accounts held by cryptocurrency service providers, Luno has been forced to disable all Naira withdrawals and deposits.

Since we can't withdraw from luno again what is left for us to withdraw

 

[tyrim88]

since some countries have placed a ban on the direct deposite of cryptocurency into a receipient account,you can do a peer to peer sales on the platform you are operating from,or you can do a direct wallet transfer to a reciepeient address who will pay cash payement into your account.

 

[mcjerry]

In light of the recent circular from the Central Bank of Nigeria (CBN) advising financial institutions to close bank accounts held by cryptocurrency service providers, Luno has been forced to disable all Naira withdrawals and deposits.

Since we can't withdraw from luno again what is left for us to withdraw

There are many ways to withdraw our crypto currency to our bank account. Like there is peer to peer but it is not worth it. Because $1 worth of a coin can be sold for N400 and bought for more than N500. But I have a link that I sell my crypto currency for as high as N450 per dollar and I have made many transactions with them.

 

[Kingstone]

Yeah, the best alternative is to use peer-to-peer transactions to send and receive your money into your bank account. The ban is just another drive to help us test the security system of the crypto world. Let them continue

 

[Rhapsody]

In light of the recent circular from the Central Bank of Nigeria (CBN) advising financial institutions to close bank accounts held by cryptocurrency service providers, Luno has been forced to disable all Naira withdrawals and deposits.

Since we can't withdraw from luno again what is left for us to withdraw

Since the ban in crypto currency by Nigeria government. Withdrawals of bitcoin and other crypto currency as been hard with many people now using peer-to-peer exchange methods. But the rate they buy the coins are very low. Thank God for a guy that buys my coin with very good rate. aAnd he sends my money to my Nigeria bank account

 

[Kaffyfolla]

I thinks that peer and peer is the only solution for Nigerians to buy and sell Cryptocurrency since the central bank of Nigeria has banned it

 

[Abigael]

I saw recently in a beermoney forum post that the luno wallet is soon opening withdrawals and deposits for Nigerians. That will be a great thing for many to withdraw their crypto to local currencies.

 

[ahmedo24]

I saw recently in a beermoney forum post that the luno wallet is soon opening withdrawals and deposits for Nigerians. That will be a great thing for many to withdraw their crypto to local currencies.

Yeah , it is very possible that by next week they will resume full operations in the country but all members or subscribers must do KYC.

 

[Kubiat-Abasi]

Thanks for all the contributions. Hope I can use Binance for such transaction smoothly, I mean via peer to peer market?

 

[ahmedo24]

Thanks for all the contributions. Hope I can use Binance for such transaction smoothly, I mean via peer to peer market?

Once you are a verified member on binance you can easily use there peer-to-peer features for your transactions without stress likewise do your trading and every other activities.

 

[Shigobad2020]

Since the central bank of Nigeria has put a ban on the use of crypto currency coin, people has been using various types of withdrawing and exchanging process like p2p .

 

[Skysaint]

I taught about that severally too but got to realise that wasn't really a challenge as we can always get someone who's in need of Crypto currency to send to while they run is the equivalent in our local currency. The government taught they limited us but we're just getting started

Laughs. I really like your last statement, we are just getting started my dear. Anyway, I think the peer to peer transaction method is actually the best option for now, atleast till they get to lift the ban

 

[Thinker009]

Since the ban on cryptocurrency by the government ,I think a lot of people now look into make use of binance p2p service to exchange their coins fast and it's much more easier than other method I think

 

[greenie]

There are some online shopping site that accepts bitcoin, search for them and used your cryptocurrency to buy items you need from those stores. You can even convert your naira in some site and used it to buy cards, pay electricity bills or TV bills.

 

[Dagm1]

Few people believed in crypto currency when it first became popular. It appeared to be a dormant technology that might never see the light of day. However, over time, many began to assume that peer to peer withdrawal was possible.

 

[Sotherefore]

It's might be difficult to see most of them here, most site that are accepting cryptocurrency as a payment method are international and you can't purchase product there because of delivery issues.

There are some online shopping site that accepts bitcoin, search for them and used your cryptocurrency to buy items you need from those stores. You can even convert your naira in some site and used it to buy cards, pay electricity bills or TV bills.

 

[Sincerem]

Since the central bank of Nigeria has put a ban on the use of crypto currency coin, people has been using various types of withdrawing and exchanging process like p2p .

Apart from that there are other platforms that offers P2P do it members . Its depends on the platform you are using . The P2P is what so many people are using to withdraw but however it seems some people are not really familiar in using the P2P system of widrawal.

 

[greenie]

When the concept of crypto currency came on board there were few who believed. It felt like a stagnant technology that may never see the light of the day. But then with time people believed so you can do peer to peer withdrawal.