Is there a respite to CBN's policy on crypto withdrawals?

[eojo2401]

Nothing last forever, this useless government will soon meet there Waterloo. They will soon get to there bus stop. The country is facing unemployment issues, instead of supporting the cryptocurrency investors, they now waging war against them, may be the government doesn't know that this her silly action will increase unemployment rate and crime rate.

 

[Abdul Naveed]

investment. Investing is usually about buying and selling assets over a long period of time. ...
Crypto cryptocurrency for profit. ...
Stacking and borrowing ...
Crypto social media. ...
mining. ...
Aviators and hooks

 

[Maiira]

There’s no stopping crypto, [it’s] the future and we won’t let some old fools take our future from us,” one Nigerian bitcoin user who wished to remain anonymous told CoinDesk. “We’re Nigerians. Using the crypto is a way out of poverty for the youth.”

 

[MarieArie]

You are not the only one battling this situation as it affects every

you are not the only one battling this situation as it affects every cryptocurrency investor in Nigeria right now. Irrespective of the order by the Central Bank of Nigeria banning local banks from transacting with exchange platforms, there are other ways you can still go about your crypto investment without having to pass through Banks.

really? please if there are ways @idhans, kindly share because one has to receive reward for passion like bet9ja. Smiles...

Joking apart now, what ways or how can I withdraw my cryptocurrencies without going through our usual local bank accounts?

 

[Chibson]

The ban on cryptocurrency by the federal government of nigeria has affected many of us negatively. The only solution to this right now that i know of is binance P2P. let us wait because i know very soon other means of withdrawal be devised by gurus in the game.

 

[Bookwormlux]

I have been battling with questions such as: "How will I get my money from cryptocurrency?"
"What if I have totally relied on the money to get something urgent done?"
"Will my financial bank account really be blocked if I initiate withdrawal?"

Could it be perhaps I am the only one asking the W&H questions?

Go to Google play store and download the binance application. Verify your identity and use the peer to peer market place to do all your transactions.

 

[Ralphjoe]

The only respite I see for those of us that uses cryptocurrency for us to be able to withdraw and buy it is by the usage of the peer-to-peer feature on binance exchange or on other exchange services. This is what I have been using so far and I have been enjoying it, the only disadvantage is that there are some possibility of scam in it for amateurs aside that, there is nothing else and their exchange rate is quite high than normal sales of cryptocurrency.

 

[Sotherefore]

According to the news if you withdraw money from any cryptocurrency exchanges to your bank account directly you'll be at the mercy of the Central Bank because there is a high possibility that they will ban and block your bank account..

 

[Bookwormlux]

According to the news if you withdraw money from any cryptocurrency exchanges to your bank account directly you'll be at the mercy of the Central Bank because there is a high possibility that they will ban and block your bank account..

This is very risky then, that is why a lot of people have opted for peer to peer market places on platforms like roqqu and Bina to avoid getting their account banned.

 

[eLdavis]

So far there have been no positive update on the issue of CBN ban, and with how they are going back and fort, i dont think a solution would come soon. Though as for collecting your earnings, there are lots of ways you can do that, i think Binance has an option for that and i am currently using roqqu and i have been withdrawing steady without p2p

 

[Kunkun]

I guess this was the worry for investors in Nigeria prior or around the initial stage of the ban, fortunately now investors dont have to worry about that anymore , P2P came in

 

[Snazzy001]

I do not think there us any need asking questions of such nature and magnitude.what is banned is banned and might always remain banned.the only obtainable thing there is to find alternatives to keep earning

 

[Sotherefore]

This is very risky then, that is why a lot of people have opted for peer to peer market places on platforms like roqqu and Bina to avoid getting their account banned.

I've never use the P2P before because I do not have interest to read concerning the high rate of scamming, I'm just only interested in selling it to people I trust in our crypto group on WhatsApp and Facebook. That is what am doing.

 

[Good-Person]

I am not a Nigerian, but I would not advise any Nigerian to buy, sell, or trade crypto openly if this is not allowed in your country. However, as far as I know, it is permissble to convert crypto into some digital asset and use payment processors to exchange crypto to fiat currencies. However, please take my advise with a grain of salt and consult your local law experts regarding this.

 

[Bookwormlux]

I've never use the P2P before because I do not have interest to read concerning the high rate of scamming, I'm just only interested in selling it to people I trust in our crypto group on WhatsApp and Facebook. That is what am doing.

That's nice then provided the traders you are selling to have been proven to be legit and not have potentials of scamming you of your earninngs.

 

[Sotherefore]

That's nice then provided the traders you are selling to have been proven to be legit and not have potentials of scamming you of your earninngs.

in our online community like WhatsApp we trust ourselves to a point that you can sell out to any other person on the group, we I've never met each other before but we try as much as possible to maintain honesty and integrity.is really nice.

 

[Bookwormlux]

in our online community like WhatsApp we trust ourselves to a point that you can sell out to any other person on the group, we I've never met each other before but we try as much as possible to maintain honesty and integrity.is really nice.

I think it is a very good thing that you guys have disciplined yourselves to this level of trust. I believe you do not just accept anyhow people to join that is why.

 

[Sotherefore]

I think it is a very good thing that you guys have disciplined yourselves to this level of trust. I believe you do not just accept anyhow people to join that is why.

We accept anyone into the group but we really need to test you on a lot of things before you are permitted to carry out any transaction with anybody, there is a job for the group admin others in the group, I just like how they are operating it.

 

[Sincerem]

P2P in trusted cryptocurrency platform is never a bad idea. That is what so many people are using to convert their cryptocurrency to their local bank account without stress. I do it most of the time toi