My Thoughts on Deposit And Withdrawal of NGN on Binance

Over the years some Nigerians that deals on crypto currency and internet business were having a hard time with deposit and withdrawal of NGN.

It was with the guidelines of the Central Bank of Nigeria, to stop all Crypto currency's practice and blockchain business operations in the country, which leads to many digital marketing apps to not include withdraw and deposit of Nigeria currency into it market place.

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What Nigerians who are into Crypto currency's business do was called Peer to peer, (p2p) whereby you have to find a merchant of your good's and match him with your order.

And until you have received the correct amount of the digital assets you offer for sale in Naira, only then will you released the crypto to him, even Binance do warn sellers not to release the assets, if you have not received the payment to avoid had I know.

This method we used were time consuming and it takes a ton of stress to get to making atleast two sales a day, because most of the times, while transfer of Fiat is in process, we actually have bank network issues, where bank would have to hold the money for some hours before releasing.

Seeing the news that we can successfully deposit and make withdrawal at any time is true a nice feelings, I would have thought if we are still going to used this system of P2p forever, because it was so hectic to think about.

No on like stress, this method was just like being in a technological world as we are now, while you operate on the 18th century, with this system allow, I see that more Nigerians people would go into crypto currency business.

Because where most people get stuck was always when it gets to the point of exchanging their assets into Naira, when they thought about "how would the money get to them".

It was only few who understand what is P2p, even my friends, we once were having a discussion, when I told them about P2p, True, their idea about what I meant was very low, until I make the explanation, so when these people learn of easy deposit and withdrawal, I know they would be delighted.

The reasons is because, Binance here in my locality is widely known, infact for one who has little knowledge about coins, think that it is only Binance that is a crypto currency market place.

I remember that i once think it was only Binance, before I learnt some years ago that, others digital market apps exist, which are also more recognizable.

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