How to withdraw Naira to your Bank account with Binance P2P

[Fariwala]

Binance continues to delight our users with useful functions and new opportunities for crypto-fiat operations. Another important update is the NGN Fiat/NGN addition on the P2P platform.

As a reminder, Binance recently launched the function of NGN transfers between wallets, with which users can transfer NGN balances to other Binance users. Additionally, NGN Fiat balance has been added as a new P2P payment method , allowing you to pay for transactions using your balance on the exchange wallet.

And last week we were pleased to announce that a new NGN / NGN pair has been added to P2P. This trading pair allows you to directly convert your Naira balance on the exchange into your Naira Bank Account, by performing exchange transactions with other Binance users without commissions.


In fact, the NGN in your Binance wallet are your exchange-traded assets with which you can trade on the spot market e.g NGN/USDT, NGN/BTC, or transfer it to P2P for withdrawal to any of your Bank Accounts.

Trade on Binance P2P now



How does it work?

First, you need to transfer your Naira balance from your spot wallet to your P2P wallet. Step 1. Select (1) “Wallets” on the bottom nav bar, then tap (2) “P2P” and click (3) “Transfer”


More info: https://www.binance.com/en-NG/blog/421499824684901657/How-to-withdraw-Naira-to-your-Bank-account-with-Binance-P2P