When Binance returns, will you return back?

[Charles-Tim]

Wetin dey make me laugh be say Na the small money wey dem been offer them before wey dem reject  if I am not mistaken,  if to say them reach soft landing with these guys and binance, dem for no lose out entirely. Atleast, small bread for enter their hand but dem think say dem wise. Shey as US government don put mouth now dem don release their citizens immediately. Make them go collect charges again na

Our government and regulators do not have to be soft, but they should do what is appropriate. But the officials do not want something good than bribery. They do not want what can result to the progress of the country. See what India did and Binance got registered in India not long after. If the regulators requested all the exchanges to get registered and also give them little fine like $2 million, many of the exchanges will have office in Nigeria by now. They supposed not to arrest anyone. This shows how illiterates these people are.

[Sim_card]

Wetin dey make me laugh be say Na the small money wey dem been offer them before wey dem reject  if I am not mistaken,  if to say them reach soft landing with these guys and binance, dem for no lose out entirely. Atleast, small bread for enter their hand but dem think say dem wise. Shey as US government don put mouth now dem don release their citizens immediately. Make them go collect charges again na

Our government and regulators do not have to be soft, but they should do what is appropriate. But the officials do not want something good than bribery. They do not want what can result to the progress of the country. See what India did and Binance got registered in India not long after. If the regulators requested all the exchanges to get registered and also give them little fine like $2 million, many of the exchanges will have office in Nigeria by now. They supposed not to arrest anyone. This shows how illiterates these people are.

The so-called leaders are the ones drawing this country backward because they don't do the right thing to benefit the country. Instead they are after their own pocket which is the problem that we are facing in Nigeria today. Imagine Binance Executives that came to negotiate on how they can register their exchange in the country but got arrested because the executives knows that it is inappropriate to give bribe to our government, because that has not shown any solid evidence that they can operate in Nigeria. Sometimes I wonder if these leaders know what they are doing or they are doing it purposely.

[Cryptsafe]

Wetin dey make me laugh be say Na the small money wey dem been offer them before wey dem reject  if I am not mistaken,  if to say them reach soft landing with these guys and binance, dem for no lose out entirely. Atleast, small bread for enter their hand but dem think say dem wise. Shey as US government don put mouth now dem don release their citizens immediately. Make them go collect charges again na

Our government and regulators do not have to be soft, but they should do what is appropriate. But the officials do not want something good than bribery. They do not want what can result to the progress of the country. See what India did and Binance got registered in India not long after. If the regulators requested all the exchanges to get registered and also give them little fine like $2 million, many of the exchanges will have office in Nigeria by now. They supposed not to arrest anyone. This shows how illiterates these people are.

The so-called leaders are the ones drawing this country backward because they don't do the right thing to benefit the country. Instead they are after their own pocket which is the problem that we are facing in Nigeria today. Imagine Binance Executives that came to negotiate on how they can register their exchange in the country but got arrested because the executives knows that it is inappropriate to give bribe to our government, because that has not shown any solid evidence that they can operate in Nigeria. Sometimes I wonder if these leaders know what they are doing or they are doing it purposely.

From the unset this has been the attitude of our leaders. They are always good at looking for ways to extract cash out of anything to make sure they have a good take away package. Binance issue lingered because of this reason. I believe we all heard the story from the binance CEO himself when he was interviewed about the ongoing detention of their representative on Nigeria and he told them the reasons why they are still in custody and that they refused to bribe the officials to release their representatives.

Our leaders are just after their own personal pockets and not minding the consequences of their actions. They don't care whether Nigerians  are affected by their it or not. They are just bereft of ideas to lead the nation and are more of  ceremonial heads than they are called leaders.

[Yamzakid]

Some sanctions and policies do not always stay the same for long, they can change while a government is still in power, or when they pass power on to a new government. I think that Binance will be back to Nigeria, and when they come back, how willing do you think Nigerians who are into cryptocurrency will be to return back to them for exchange services?

Nigerians are still using binance, it's only that they don't have access to P2P transactions anymore, and what will make me stop using binance permanently is if binance reveals what the Nigerian High Court is seeking from them by providing all of their users data. And if Binance agree with them, I see no reason why I will return to store my coin on the exchange again because it shows that they are not to be trusted for revealing such information.

[Mate2237]

Some sanctions and policies do not always stay the same for long, they can change while a government is still in power, or when they pass power on to a new government. I think that Binance will be back to Nigeria, and when they come back, how willing do you think Nigerians who are into cryptocurrency will be to return back to them for exchange services?

Nigerians are still using binance, it's only that they don't have access to P2P transactions anymore, and what will make me stop using binance permanently is if binance reveals what the Nigerian High Court is seeking from them by providing all of their users data. And if Binance agree with them, I see no reason why I will return to store my coin on the exchange again because it shows that they are not to be trusted for revealing such information.

But I heard tht people are still using Binance to sell their coins and I don't know how they are doing it. And if really they are still using not them when Binance came back then they would used it massively again. Make wiwo, Kingsden, come view their points.

[Yamzakid]

But I heard tht people are still using Binance to sell their coins and I don't know how they are doing it. And if really they are still using not them when Binance came back then they would used it massively again. Make wiwo, Kingsden, come view their points.

I'm hearing this for the first time, and I can't say it's not possible because when the Nigerian government started this issue with Binance, someone has said it here that no matter how they do it, Nigerians would still find their alternative to survive on this issue.

[Makus]

Some sanctions and policies do not always stay the same for long, they can change while a government is still in power, or when they pass power on to a new government. I think that Binance will be back to Nigeria, and when they come back, how willing do you think Nigerians who are into cryptocurrency will be to return back to them for exchange services?

Nigerians are still using binance, it's only that they don't have access to P2P transactions anymore, and what will make me stop using binance permanently is if binance reveals what the Nigerian High Court is seeking from them by providing all of their users data. And if Binance agree with them, I see no reason why I will return to store my coin on the exchange again because it shows that they are not to be trusted for revealing such information.

But I heard tht people are still using Binance to sell their coins and I don't know how they are doing it. And if really they are still using not them when Binance came back then they would used it massively again. Make wiwo, Kingsden, come view their points.

Hmmm, Na the first time I dey hear this one oo, and it seem a bit impossible because binance has stopped all dealing with the Nigerian Naira due to the government request, just as Charles Tim said, they would have applied wisdom and ask the exchanges to pay a registration fee rather than what they did. And to my understanding they weren't actually trying to make peace or sort out issues with binance or any other exchange, but they were looking from a biased angle and accused cryptocurrency as the cause of the Naira volatility.

[Aanuoluwatofunmi]

Will binance return to Nigeria, i don't think so, because they have the needed global reputation and in business, if what they are giving out is more than what they are taking in, that doesn't make sense anymore because they are not going to meet up with their demands to keep running the business, that is why they would rather prefer to leave than stay, because they cant run on a loss.

[Cantsay]

If.they understand with the government and everything.works smoothly then, I will still use their services because since they have agreed with the government to operate.without manipulating the naira then everything good.

People are still making use of Binance, Binance didn’t leave Nigeria they only just removed Naira from their platform so it can’t be traded via P2P but if you’re from Nigeria and you still want to use other services that they offer you can do it.

Your use of the term “use their service” make it sound as if they have completely left the country and don’t accept any user from this country - it would be best if you just use “p2p” so as not to confuse newbies who might get to read your post.

[Mate2237]

If.they understand with the government and everything.works smoothly then, I will still use their services because since they have agreed with the government to operate.without manipulating the naira then everything good.

People are still making use of Binance, Binance didn’t leave Nigeria they only just removed Naira from their platform so it can’t be traded via P2P but if you’re from Nigeria and you still want to use other services that they offer you can do it.

Your use of the term “use their service” make it sound as if they have completely left the country and don’t accept any user from this country - it would be best if you just use “p2p” so as not to confuse newbies who might get to read your post.

Yes I know but they are using it for transaction and to for p2p. And I was referring to p2p that if they came back with the p2p then I will use it. And I don't know how people are still using it but someone told me that they are still selling and buying with Binance. But I only know that they are using it to make transaction from one exchange to another and to On-Chain.

As for me I can't use it for now because I only use am for p2p and nothing else. As others also said and using it

[Wiwo]

Yes I know but they are using it for transaction and to for p2p. And I was referring to p2p that if they came back with the p2p then I will use it. And I don't know how people are still using it but someone told me that they are still selling and buying with Binance. But I only know that they are using it to make transaction from one exchange to another and to On-Chain.

As for me I can't use it for now because I only use am for p2p and nothing else. As others also said and using it

Any ways not everyone used exchange P2p the main usage for Many Nigerians is trading and sending money through crypto, this is why even though the government tithen it regulations against them, their were able to quickly hunting the P2p service since that was the point of concern for the government since their fight was against dollar Vs Naira value.

So even though Binance stopped its P2p many of the exchange users are still bringing in the volume and liquidity needed to keep the exchange running, and since Nigeria's access to the exchange was not blocked.

[Cantsay]

And I was referring to p2p that if they came back with the p2p then I will use it. And I don't know how people are still using it but someone told me that they are still selling and buying with Binance. But I only know that they are using it to make transaction from one exchange to another and to On-Chain.

Those that are still using it right now are traders. - they are using it for spot, future trading and the rest - after trading what most of them do is to either move it to their wallet or transfer it to a different exchange and sell via p2p - they won’t be able to directly sell it in Binance (except there are ways we don’t know of yet).

The reason why most traders complained when p2p was dropped was due to the fact that the process they’ll take to sell for fiat will now be a little more difficult for them and also they’ll have to spend additional fee to transfer to where they want to sell.

[Charles-Tim]

The reason why most traders complained when p2p was dropped was due to the fact that the process they’ll take to sell for fiat will now be a little more difficult for them and also they’ll have to spend additional fee to transfer to where they want to sell.

If it is bitcoin, you can use lightning network. The fee on Binance is less than $0.07. There are many P2P that are accepting bitcoin. If the amount is not very huge, you can convert it to altcoin or USDT and transfer it to the P2P exchange. If it is altcoins, most altcoins fee are cheap. If not cheap, you can convert it to stable coin and send it to the exchange. I will say ignorance will make people complain when there are many available options to go for.

[Crypto Minnah]

Off course, regardless of the police I continuously trade Bitcoin. There are moments of lows and highs and when it happens, I'd wait for the next action.

[Makus]

And I was referring to p2p that if they came back with the p2p then I will use it. And I don't know how people are still using it but someone told me that they are still selling and buying with Binance. But I only know that they are using it to make transaction from one exchange to another and to On-Chain.

Those that are still using it right now are traders. - they are using it for spot, future trading and the rest - after trading what most of them do is to either move it to their wallet or transfer it to a different exchange and sell via p2p - they won’t be able to directly sell it in Binance (except there are ways we don’t know of yet).

The reason why most traders complained when p2p was dropped was due to the fact that the process they’ll take to sell for fiat will now be a little more difficult for them and also they’ll have to spend additional fee to transfer to where they want to sell.

You're absolutely right, investors still make use of binance irrespective of the fact that they cannot make fiat pop transactions due to the restrictions set by the government. Till date, I'm still a fan of binance, I'm  absolutely used to its interface and the reputation it has acquired so far, amongst all exchanges I prefer binance to the rest and if they start working again in Nigeria, I wouldn't mind going back to using their services. Currently we have no other option than to stick to the working exchanges in our country, but that doesn't mean those exchanges which were restricted are not being used, they only delisted naira(NGN) from there trading peer and that all, one can still make use of other features.