- USD
- $-349.0000USD
- Biznotes
- 0
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.
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.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 accountIn 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
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.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.
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.Thanks for all the contributions. Hope I can use Binance for such transaction smoothly, I mean via peer to peer market?
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 banI 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
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.
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.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 .