Since the Nigerian government banned crypto to naira withdrawal, what method are you using to withdraw your coins??

[Sincerem]

Those of us from Nigeria are experiencing lousy time when it comes to crypto to naira withdrawal into the local bank account. The country stopped such transaction taking place, and its hard now to withdraw the coins down to our naira bank account. Since the government doesn't want anything that has to do with naira and crypto transactions to place in the bank in order not to get the the fiat currency devalued.

Do you think their is any alternative left to withdraw our coins??

 

[Timifrank]

Honestly am not into crypto currency
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Honestly am not into crypto currency

 

[Niftyyem]

Although I am yet to make any withdrawals for now bit according to the news I read on Luno blog, there is no stopping of naira withdrawals rather that of deposits. What platform is stopping withdrawals into local bank accounts?

 

[Eodine]

I already received some fun transfer in my wallet last week before the news of the central bank of Nigeria ban go to me and my friends and since then there has been diferent unfolding off events like funds not reflecting, delayed withdrawal etc but roqqu has promised to tart withdrawals soon

 

[Ltherman]

The ban doesn't have an effect on my withdrawals Binance is still handling withdrawals its just direct bank deposit that its no more working with the platform.
Despite the ban peer to peer transfer will flourish.

 

[Ralphjoe]

Luno is still withdrawing funds, it only affects depositing funds to buy cryptocurrencies. This is the only function that is affected by the policy for now. I don't think that it will ever affect withdrawal.

 

[Greatguy1]

Tried to withdraw using Luno and I've not received my cash after 3 days. The threat is real. I'm beginning to think I should have used some other methods. This is a big embarrassment that governments can just wake up and not embrace the future.
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Tried to withdraw using Luno and I've not received my cash after 3 days. The threat is real. I'm beginning to think I should have used some other methods. This is a big embarrassment that governments can just wake up and not embrace the future.

 

[Damismiling]

Please This is a great problem for us over here, I have been thinking on how to withdraw my money, I use luno account but I want to be sure that it will drop if I try to withdraw to my bank account

 

[Snazzy001]

I don't know all that but it is really hard .I have to meet people in the black market we exchange it for Naira for me .in this case you know the exchange rate will be lower than the one I'm used to .nevertheless we will still collect the money

 

[Chibson]

Since the ban, I have not withdrawn any cryptocurrency to my local bank. I will do that very soon but that will be possible with binance peer-to-peer. The ban has really affected the flow and the ease of withdrawing your money directly to your bank account.

 

[Gilead]

I use quidax and I already received an email that all deposits and withdrawal to and fro my bank account has been halted on a temporary basis. I am still battling and thinking of a solution on how to withdraw my funds in Bitcoin. Hopefully someone will drop a guide here on bizdustry very soon

 

[Pousinha]

Can you count on a prepaid card you can replenish using cryptocurrency to then spend when you buy goods, online or offline? If not, try to give a look to bitrefil platform: I gave a look and it appears available in Nigeria. You can use bitcoin to pay for goods you need to buy online in the shops bitrefil platform presents. Give a look if in Nigeria you can recharge your mobile too (in Brazil we have the option to pay a mobile recharging using bitcoin).

 

[bolllyteee]

Those of us from Nigeria are experiencing lousy time when it comes to crypto to naira withdrawal into the local bank account. The country stopped such transaction taking place, and its hard now to withdraw the coins down to our naira bank account. Since the government doesn't want anything that has to do with naira and crypto transactions to place in the bank in order not to get the the fiat currency devalued.

Do you think their is any alternative left to withdraw our coins??

Since Nigerian government banned cryptocurrency to naira withdrawal,many have been making use of peer to peer method of trade to exchange their cryptocurrency to naira.Luno exchange still allows cryptocurrency to naira withdrawal.

 

[Marfav]

To be honest I'm not into cryptocurrency yet, but will like to be part of this.

 

[btaliat]

I withdrew the day the the news broke and it was successful but ever since then, I have been hearing people complaning of unsuccessful transactions. Though I don't know whether it is connected with the recent news or not. But I think p2p will be better for now

 

[Ltherman]

I have done a few transactions between the last two days and its been all peer to peer which is the best form of transacting in crypto right now. Binance has provided a good platform where it functions as the escrow between parties in a transaction. Other platforms like Remitano is also a viable option.

 

[DareIsrael]

I already received some fun transfer in my wallet last week before the news of the central bank of Nigeria ban go to me and my friends and since then there has been diferent unfolding off events like funds not reflecting, delayed withdrawal etc but roqqu has promised to tart withdrawals soon

If you check your email, you will get a mail from them saying withdrawal and deposit is totally down. Just to ask, do you think crypto currency trading can really devalue the fiat currency of the country?

 

[Setfragil]

The Nigeria government loves to makes things and life difficult for its citizens because the reasons they claimed for the ban is unjustifiable. Since the ban I have been devastated because I'm currently earning legitimately on cryptocurrency. I will continue to earn into my wallet till there will be a solution or lift on the ban.

 

[Yewande]

I have been wondering why Nigeria government banned crypto currency in the country. If not that you mention it now, I would not know. I have been selling my coins through black market.

 

[Nurudeen]

Withdrawal isn't an issue with the recent ban on crypto currency exchange Business in Nigeria. Despite the ban most crypto currency exchange platform are still handling out withdrawal to customers like Luno and binance, the only thing affected is just the deposit