OKX leaves 9ja market from on the 30th August. What do you think?

[Cantsay]

Mate they're still cex without a hack history & are transparent with their protection funds monthly. I know most users don't trust cex but I think we should give kudos to the platforms for doing exceptionally well. Even dex can be hacked. We've seen a lot of situations like this. So I'll advise to be careful

I never mentioned “dex” I said “non-custodial wallet”.

I believe you’ve heard the phrase “Not Your Key Not Your Coins” - if you keep your coins in Cex it actually means you no longer have control over that coin during that period of time and they can decide to do whatever they like with it and just keep displaying some digits on your account balance so as not to cause you to panic, but in the case of non-custodial wallet only you have control over the coin even the developers of the wallet you are using won’t be able to access your account (depending on how the private keys were generated and also if there’s no backdoor in the software).

Use Cex or Dex (anyone you prefer) if you want to trade but if you’re planning on storing your coin for a long time then go with Non-Custodial wallet.

[Aanuoluwatofunmi]

The departure of all these prominent organizations and exchanges are what the government should consider as not a better improvement on the current economy of the country because many of the youths in the country make use of these platforms to make a living, not only that, it could have been what the government would have liaised with the exchanges for the tax rate and they all come into consensus than departing for making business.

[Rruchi man]

How una reason this thing?

I expected it, so I am not surprised because, after Binance left, it prepared my mind to know that any other exchange could follow. Am I worried? No. Do I think this will affect other Nigerians? No, and the reason is because we will just find alternatives and continue with crypto. Like I told someone the other day, in Nigeria, cryptocurrency has become too known to be forgotten or abandoned so easily. 

[Charles-Tim]

I expected it, so I am not surprised because, after Binance left, it prepared my mind to know that any other exchange could follow.

Binance is still providing crypto products and services to Nigerians. Only naira P2P was removed. Only OKX is planning to leave and it is the first among the exchanges. Let us hope that other exchanges will not follow.

Am I worried? No. Do I think this will affect other Nigerians? No, and the reason is because we will just find alternatives and continue with crypto. Like I told someone the other day, in Nigeria, cryptocurrency has become too known to be forgotten or abandoned so easily.

Kucoin began VAT but OKX left instead. If it is VAT that caused OKX to leave, I guess most other exchanges will stay.

[Agbe]

I think reminder was sent to many of the OKX users today to withdraw or transfer their assets in the exchange platform. They are leaving because of the policies of the government and as of the 16th of this month, no Nigeria can open the app again if you don't have anything inside the app but foe those who still have coins inside can only withdraw and make transfer and they can't deposit and any other thing expect withdraw from 12:00am. And everything will end on the end (30th) of August 2024. And I believed by now no Nigerian is still using that exchange again. And if there is anyone do well to be at the saver side.

[Charles-Tim]

I wanted to make a bitcoin transaction few hours ago, I remember one of the benefits of OKX as I wanted to transfer the coins on an exchange. At 6 sat/vbyte at the time which should be $0.51 for onchain transaction. I wanted to use Bybit but the fee was $7.35. $4.17 on Binance. I remember OKX because I know the exchange has low fee for bitcoin withdrawal. I make the transaction with just $1.819 on OKX. I did recommended it for bitcoin withdrawal to people. And yet it is 2-of-3 multisig wallet, unlike Binance and Bybit that are single signature wallet. For 2-of-3 multisig wallet, the onchain fee would still be more than $0.51 which is estimated for single signature wallet.

[Fivestar4everMVP]

I think reminder was sent to many of the OKX users today to withdraw or transfer their assets in the exchange platform. They are leaving because of the policies of the government and as of the 16th of this month, no Nigeria can open the app again if you don't have anything inside the app but foe those who still have coins inside can only withdraw and make transfer and they can't deposit and any other thing expect withdraw from 12:00am. And everything will end on the end (30th) of August 2024. And I believed by now no Nigerian is still using that exchange again. And if there is anyone do well to be at the saver side.

I try to act like nothing happened, but to be sincere with you, it really hurts me to see okx leave Nigeria, like I did mentioned in my last post on this thread, okx was literally the only exchange I know of where users enjoys cheap withdrawal fees, if not for anything else, I loved this exchange so much for this reason, and right now, it's hard to come to terms wurb the fact I won't be able to use them again.

I really pray that something good should happen in the Nigerian crypto domain, that will bring a reversal to okx decision to leave Nigeria, I will be happy to welcome them back pretty soon.
Being hopeful.

[Agbe]

I think reminder was sent to many of the OKX users today to withdraw or transfer their assets in the exchange platform. They are leaving because of the policies of the government and as of the 16th of this month, no Nigeria can open the app again if you don't have anything inside the app but foe those who still have coins inside can only withdraw and make transfer and they can't deposit and any other thing expect withdraw from 12:00am. And everything will end on the end (30th) of August 2024. And I believed by now no Nigerian is still using that exchange again. And if there is anyone do well to be at the saver side.

I try to act like nothing happened, but to be sincere with you, it really hurts me to see okx leave Nigeria, like I did mentioned in my last post on this thread, okx was literally the only exchange I know of where users enjoys cheap withdrawal fees, if not for anything else, I loved this exchange so much for this reason, and right now, it's hard to come to terms wurb the fact I won't be able to use them again.

I really pray that something good should happen in the Nigerian crypto domain, that will bring a reversal to okx decision to leave Nigeria, I will be happy to welcome them back pretty soon.
Being hopeful.

Yes OKX was nice for it trading and transactions but since it is ok more in the Nigerian crypto market, we have to move on and kucoin which was good in transaction before now is charging. The day when Binance, OKX and kucoin denounced their services in the country, I also stopped using them and using only on the active ones now now like, Yellow Card, Bitget, and Bybit. People are still using Binance and kucoin for transaction only and not for trading. Nigerian government is still yet to understand cryptocurrency market and non of the cabinet members of the president understand cryptocurrency and that is why none has advised him the good way instead only the bad ways. Next president might favour the crypto community in the country like the way it is happening in US.

[Blaze]

I think reminder was sent to many of the OKX users today to withdraw or transfer their assets in the exchange platform. They are leaving because of the policies of the government and as of the 16th of this month, no Nigeria can open the app again if you don't have anything inside the app but foe those who still have coins inside can only withdraw and make transfer and they can't deposit and any other thing expect withdraw from 12:00am. And everything will end on the end (30th) of August 2024. And I believed by now no Nigerian is still using that exchange again. And if there is anyone do well to be at the saver side.

This is not good news. One by one the major exchanges are starting to abandon Nigerians. We need to immediately move assets to other wallets that are not directly connected to exchanges. But with this news, it will have a bad impact on altcoins that do not have wallets to accommodate them and are forced to sell assets and change their assets to Fiat or Bitcoin and Ethereum which have support from external wallets.

[Sim_card]

I think reminder was sent to many of the OKX users today to withdraw or transfer their assets in the exchange platform. They are leaving because of the policies of the government and as of the 16th of this month, no Nigeria can open the app again if you don't have anything inside the app but foe those who still have coins inside can only withdraw and make transfer and they can't deposit and any other thing expect withdraw from 12:00am. And everything will end on the end (30th) of August 2024. And I believed by now no Nigerian is still using that exchange again. And if there is anyone do well to be at the saver side.

This is not good news. One by one the major exchanges are starting to abandon Nigerians. We need to immediately move assets to other wallets that are not directly connected to exchanges. But with this news, it will have a bad impact on altcoins that do not have wallets to accommodate them and are forced to sell assets and change their assets to Fiat or Bitcoin and Ethereum which have support from external wallets.

There are better exchanges that you can use and it is not a problem to any crypto investor that OKX is leaving Nigeria, after all they have delisted Naira p2p from their exchange for a while now before leaving the country. Why will anyone go and buy a coin that is only listed in OKX, it shows that coin is not a good one and y I should also be careful with the coin that you are investing so that you don't fall to scam because a lot of new projects are out due to the bull run hype.

[Cryptsafe]

There are better exchanges that you can use and it is not a problem to any crypto investor that OKX is leaving Nigeria, after all they have delisted Naira p2p from their exchange for a while now before leaving the country. Why will anyone go and buy a coin that is only listed in OKX, it shows that coin is not a good one and y I should also be careful with the coin that you are investing so that you don't fall to scam because a lot of new projects are out due to the bull run hype.

That exchange na werey, them collect me $19 say e no reach minimum deposit. I pm them dem no gree release my money.  Na so me and dem dey quata for e-mails on a steady basis dem still no gree. I just tire leave am for them. E no even reach two months I receive their memo. I just tell dem say na so their matter dey finish o, make dem carry their wahala go say I no send them.

Other exchange dey wey make brian pass okx exchange. Their policy too dey stringent and their minimum deposit too high wey make am too risky to send anything there. What is the point when one can not send the minimum of $10 there for trade or p2p deal. They are of no use when they can not accommodate $10 amount.

[Agbe]

Other exchange dey wey make brian pass okx exchange.

my fear be say make kucoin no follow OKX misbehave say dem won leave Nigeria with all their activities plus shutting down their website and all the operation because I still dey use am dey make some transactions. Though OKX was one my best exchange and even better pass Binance because I was almost scammed by a vendor in Binance with the some ₦400,000. And since from that day I hate Binance with their manipulating system. And they started the manipulation of dollar in the country through their platform.

[Cryptsafe]

Other exchange dey wey make brian pass okx exchange.

my fear be say make kucoin no follow OKX misbehave say dem won leave Nigeria with all their activities plus shutting down their website and all the operation because I still dey use am dey make some transactions. Though OKX was one my best exchange and even better pass Binance because I was almost scammed by a vendor in Binance with the some ₦400,000. And since from that day I hate Binance with their manipulating system. And they started the manipulation of dollar in the country through their platform.

Kucoin is up and doing and I have not heard anything wrong about them for a while now. They are more of working behind the scenes rendering good and quality service to their customers. I think leaving Nigeria would be the last thing on their list because Nigeria is a hot cake and big market for them. So what is the point they losing out when everything can be negotiated round table with the government.

[Hatchy]

This news about OKX pulling out from the Nigerian market Is definitely causing a stir.we all know that the regulatory environment in Nigeria has been tightening recently especially on crypto-related activities. This could be a response to government pressure, as we've seen other exchanges face similar challenges and (CBN) has been clear about its stance on cryptocurrencies, which could be driving force of this recent development. The withdrawal process  might force traders to migrate to other platforms, which could bring new challenges like adjusting to different interfaces, fee structures, and liquidity levels but then we will all have to adjust.

[Cantsay]

Though OKX was one my best exchange and even better pass Binance because I was almost scammed by a vendor in Binance with the some ₦400,000. And since from that day I hate Binance with their manipulating system. And they started the manipulation of dollar in the country through their platform.

I haven’t really used okx that much but after Binance delisted ngn I turned to kucoin and then Bybit and out of all of them I will choose Bybit - the experience so far has been really good, the p2p and the several airdrop opportunities over there has made me fallen in love with the exchange.