Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Shezcute Abbie on March 14, 2024, 11:06:45 AM
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As it stands now, Nigerian investors are left with the option of sourcing for reliable platforms in order to continue using P2P service after Binance delisted NGN from their platform. I'm not surprised at all to know that most investors out there think of Binance as the only reputable exchange whereas there are a host of others with equally good reputation and services, but many of us no like to try new things and eventually when we wan try new things we don't make proper research.
As e be now, we no get choice but to use other available P2P mediums. Since this whole P2P issue come up, I don use different exchanges just to make comparison. I used OKX, Bybit and Bitget and from my personal opinion I fit settle for Bitget for some reasons.
-Good rates
-Easier authentication process: Unlike Binance where you need
to wait for codes, Bitget just need your funds code to process
your transaction.
-No sudden price change: Na this one dey me extremely important. You see that thing happening where a merchant suddenly changes price and if you're not watchful you go sell short? E no happen for Bitget.
- Appeal time is short too.
Whichever exchange you go sha use at the end of the day, make sure say e align with your needs but most importantly open your eyes wide make your water no go pass garri as we dey try survive this government.
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When you say we are sourcing for a reliable exchange Op it sounds like Binance exchange was the only exchange platform in used in our country here. No, let's be honest.
There has been lot of exchange platforms such as the Kucoin, OKX, ByBit and some other exchanges platforms in existence and being actively in used for our local trading.
Only that that Binance has got lot of influence to dominate globally not even just our localities.
So as our government has cut those of the investors who're Binance exchange users, I don't think it is being a big deal or being a frustrated nightmare of not being able to trade your fund on a P2P anymore.
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Like I said in a different thread - after reading replies to my last thread I came to realise that they “Binance delisting NGN” is just being over hyped, I know I used other exchanges before I finally moved to binance and even when they still had naira I was still using some other exchanges for my trades - so why the heck did I start bothering myself with binance and naira news when of a truth it won't affect me.
I'm not surprised at all to know that most investors out there think of Binance as the only reputable exchange whereas there are a host of others with equally good reputation and services, but many of us no like to try new things and eventually when we wan try new things we don't make proper research.
Only a newbie trader have this mindset - they are other exchanges that are of the same league with Binance in terms of security (even more secure than it) - while some offer more features than what binance gives take bybit as an example.
-Easier authentication process: Unlike Binance where you need
to wait for codes, Bitget just need your funds code to process
your transaction.
I never knew having authentication set up in your account was a headache for some people.
For the few times I used since I didn't have to wait for any code (unless when I signed in using a different device) to arrive, all I did was use my face ID to verify my account before the coin would be released to the other party, which means the waiting for code is optional and should not be on your list.
-No sudden price change: Na this one dey me extremely important. You see that thing happening where a merchant suddenly changes price and if you're not watchful you go sell short? E no happen for Bitget.
I have only seen this in KUCOIN, all the other exchanges I have used always make sure they notify you of price change and ask if you would like to proceed with the trade or not.
Whichever exchange you go sha use at the end of the day, make sure say e align with your needs but most importantly open your eyes wide make your water no go pass garri as we dey try survive this government.
Whatever exchange you're using just try to be vigilant - you can be using the most reputable exchange in the world and still lose your money if you're not careful enough.
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There are many reputable platforms that we can use for P2P trading aside Binance, but we have to be careful too. Different apps like Bybit, OKX etc... and some have better features than the other, we should use the one that we find more reliable than the other once. You can do your research to know more...
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When you say we are sourcing for a reliable exchange Op it sounds like Binance exchange was the only exchange platform in used in our country here. No, let's be honest.
There has been lot of exchange platforms such as the Kucoin, OKX, ByBit and some other exchanges platforms in existence and being actively in used for our local trading.
Only that that Binance has got lot of influence to dominate globally not even just our localities.
So as our government has cut those of the investors who're Binance exchange users, I don't think it is being a big deal or being a frustrated nightmare of not being able to trade your fund on a P2P anymore.
True it's not been a big deal cos I think other platforms have stepped up. Personally I' saw someone recommending Bitget and I jumped on it. Done like 3 tx there and it's good. Their rate is decent. Add that to the platforms you mentioned. Then Nigerians are covered imo..
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Like I said in a different thread - after reading replies to my last thread I came to realise that they “Binance delisting NGN” is just being over hyped, I know I used other exchanges before I finally moved to binance and even when they still had naira I was still using some other exchanges for my trades - so why the heck did I start bothering myself with binance and naira news when of a truth it won't affect me.
I'm not surprised at all to know that most investors out there think of Binance as the only reputable exchange whereas there are a host of others with equally good reputation and services, but many of us no like to try new things and eventually when we wan try new things we don't make proper research.
Only a newbie trader have this mindset - they are other exchanges that are of the same league with Binance in terms of security (even more secure than it) - while some offer more features than what binance gives take bybit as an example.
-Easier authentication process: Unlike Binance where you need
to wait for codes, Bitget just need your funds code to process
your transaction.
I never knew having authentication set up in your account was a headache for some people.
For the few times I used since I didn't have to wait for any code (unless when I signed in using a different device) to arrive, all I did was use my face ID to verify my account before the coin would be released to the other party, which means the waiting for code is optional and should not be on your list.
-No sudden price change: Na this one dey me extremely important. You see that thing happening where a merchant suddenly changes price and if you're not watchful you go sell short? E no happen for Bitget.
I have only seen this in KUCOIN, all the other exchanges I have used always make sure they notify you of price change and ask if you would like to proceed with the trade or not.
Whichever exchange you go sha use at the end of the day, make sure say e align with your needs but most importantly open your eyes wide make your water no go pass garri as we dey try survive this government.
Whatever exchange you're using just try to be vigilant - you can be using the most reputable exchange in the world and still lose your money if you're not careful enough.
My points exactly. Not everyone on X, FB and other platforms I'm on, acting like we really can't do without Binance. I'm literally not affected by the delisting of NGN in any way
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I knew one day it would happen this way that Nigeria government and binance would have a jamboree dance and it finally happened. Well binance p2p is so far one of the best and has been the major source Nigerians are using because of it's reliability.
So far there are other good exchange with good p2p platform similar to binance but it is just that we do not take the time to do our own research to get more reliable source we are just too relaxed and do not bother to have other sources as back up plan.
I tried other platforms and to be honest their p2p is very much reliable and similar to that of binance so why bother about binance that is just there doing there things and making there money.
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jamboree dance
Lolz🤣🤣 the tune of the music was exchange manipulation and the dancing competition is still going on and we don't know who will win finally though Binance has left the dancing scene for Nigeria Government but there is still a disagreement between the two parties. Nigeria Government is winning the Cool war by making Binance to leave the country but Binance is winning the war by sponsoring others to increase the exchange rate of dollar. So for the main context of the war Binance is still at the winning site.
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Thanks for this information
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For now the most popular ones that are remaining, bitget and ByBit and these two also have their downfall. Bitget vendors display the amount they can't pay so the top 10 or 15 vendors appear at the front. Then ByBit new wahala na the memo tag. Omen that thing now e don lost my #200+k for AZA like this. And I am trying my best for them to refund but no way.
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jamboree dance
Lolz🤣🤣 the tune of the music was exchange manipulation and the dancing competition is still going on and we don't know who will win finally though Binance has left the dancing scene for Nigeria Government but there is still a disagreement between the two parties. Nigeria Government is winning the Cool war by making Binance to leave the country but Binance is winning the war by sponsoring others to increase the exchange rate of dollar. So for the main context of the war Binance is still at the winning site.
It is laughable though how the scenario is unfolding. The government is one side fighting for naira valuation; the naira they could not handle through economic development and good policy formulation to help strengthen it. Binance too is busy doing their own expository interview, exposing the ill deeds of agents seeking for bribe to close the case as quickly as possible. Less I forgot, I heard their representative fainted in court the other day while proceeding to the court room for the seating. What a laughable situation, what a nation called Nigeria.
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Nigeria no go kill me oo, only the government carry their own hand go fine fire now dem dey try to quench am. If to say we get reasonable leaders wey go fit dey sincere with this issue dem go know say the problem to Nairs devaluing no be binance or other crypto exchange, if dem like make dem restrict all exchange for Nigeria Wattin dey worry the Naira go still worry till tomorrow. Dem need to look this situation from different angles, Na the only way wey dem fit take solve am. Our refineries need to start working, and make our presidio commot em evil for the pretoleum sector.
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For now the most popular ones that are remaining, bitget and ByBit and these two also have their downfall. Bitget vendors display the amount they can't pay so the top 10 or 15 vendors appear at the front. Then ByBit new wahala na the memo tag. Omen that thing now e don lost my #200+k for AZA like this. And I am trying my best for them to refund but no way.
You should use yellow card exchange, though it is not popular but it is our local exchange own by a Nigerian. The rate of dollar to Naira is better off than Bybit, that will say they can only trade $0.746 for yellow card exchange rate. I used it recently and it was smooth and straight forward, I doubt government will get this one down because it is registered in Nigeria.
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I know this gonna raise some serious concerns about how many Nigerian could buy NGN with their cryptocurrency having being attacks by governments for delisting p2p from lot of exchange that offers us that service. I on my own has been trying everything possible to see if we could solve this problems by ourselves and I created a topic about this the other forum which I think is better for most of us to look inside it to see how we can handle the air at hand apartment from bybit theres no other trusted platform to sell of cryptocurrency to Nigerian Naira.
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I know this gonna raise some serious concerns about how many Nigerian could buy NGN with their cryptocurrency having being attacks by governments for delisting p2p from lot of exchange that offers us that service. I on my own has been trying everything possible to see if we could solve this problems by ourselves and I created a topic about this the other forum which I think is better for most of us to look inside it to see how we can handle the air at hand apartment from bybit theres no other trusted platform to sell of cryptocurrency to Nigerian Naira.
Within us we can solve the problem and all what we need to do is to have some us to be vendors to buy and sell ans which i am also planing to be one. And that will be the original P2p method of selling and buying of bitcoin and other cryptocurrencies. And if I am doing it, I will only use direct transfer and not on app or exchange platforms.
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You should use yellow card exchange, though it is not popular but it is our local exchange own by a Nigerian.
Remitano.net still works really fine.
You may get P2P traders once in a while who may want to ask you to accept a lower amount than what is shown on the app due to some stupid reasons, but do not fall for it, warn them that you will report them, and they will cancel the trade or let it countdown.
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You should use yellow card exchange, though it is not popular but it is our local exchange own by a Nigerian.
Remitano.net still works really fine.
You may get P2P traders once in a while who may want to ask you to accept a lower amount than what is shown on the app due to some stupid reasons, but do not fall for it, warn them that you will report them, and they will cancel the trade or let it countdown.
Bitget is also having sharp p2p that does not waste time and their exchange rate is cool. But some of them will put a different price and when you click on their ads to make an order, the price will reduce to something different from the price on their ads. Such people should be avoided. This is why I don't click on sell or buy until I am cool with the price displayed on the ad.
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You should use yellow card exchange, though it is not popular but it is our local exchange own by a Nigerian.
Remitano.net still works really fine.
You may get P2P traders once in a while who may want to ask you to accept a lower amount than what is shown on the app due to some stupid reasons, but do not fall for it, warn them that you will report them, and they will cancel the trade or let it countdown.
I think Remitano was also closed down. And I think that first first time when dem stopped Binance p2p nai dem removed Remitano own too, because I wanted to trade day dat time and I no come dem again though even before dem been no get direct p2p but na you go select di vendor wey di same with your Bank. And dat price manipulation was not there in Remitano before be like say na new thing wey dey rain be dat ohh.