Convert Fiat (Naira) to Digital Asset Easily

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The importance of cryptocurrency exchanges can not be overemphasized especially if you are a beginner in the space.
The foundation of cryptocurrency is structured on peer to peer transactions from the launch of the first crypto (Bitcoin 2009), though exchanging fiat (local currency) to digital currency was not easy then and so many exchanges had established a simple way of doing this but, security of users fund is very important.

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Let's get into the business!!!

How to move from the fiat world into the digital world?

The introduction of crypto has liberated many and with the spike in the price action of Bitcoin a few days ago, moving from $57,000 to $66,000 which gained a lot of social media effect and many wanted to know how to begin. Getting your first crypto is easy with Binance Exchange!

What is Binance?

This is the largest exchange in the world in terms of daily trading volume of cryptocuencies and topping the position of trusted exchange with over $18,984,314,753 and with 1,276 trading pairs according to Coingecko top exchange rating.

How to Start with Binance?

Registration is the first step to join the crypto train, Click Here
Buying crypto on binance needs completion of KYC which confirm your identity on the platform and Binance gives opportunity to buy crypto in three ways provided the country you at supported this.

  1. Credit/debi card
  2. Deposit fund on your fiat and spot wallet
  3. Funding through Binance P2P

Funding though Binance P2P is very common in Nigeria and other African country due to ban placed on Nigeria banks and it is very easy to carry out this transaction on the platform provided you follow due process and read the risk attached to the platform.

Take a moment to watch the attached video, though its lengthen but it has all guide you may required.

There is opportunity to earn about $20 (#11,000) on your first deposit, and you can buy and sell your first crypto here

Things To Take Note when buy or sell crypto
  1. Crypto to buy/sell on P2P (USDTT, BTC, BNB, ETH, DOGE, DAI)
  2. Advertisers (Order completion, Limit, Duration)
  3. Do release crypto if not confirm fiat in your bank account

If you need more guide about how to buy and sell crypto on binance via Binance you can chat me

Posted Using LeoFinance Beta

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5 comments
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Thanks for this guide. It will indeed go a long way in guiding newbies. In Africa, saving fiat is not profitable due to the weak currency of the countries. Crypto is the surest way to have value for your money

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Learning is always continual... I have learnt alot form your numerous post sir.. On the topic of discus I have tried seemlessly to verify my binance account but it's seem impossible, my question does binance permit NIN verification for Nigerians ?

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I am motivated! Thanks for walking me through this knowledge area

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This is well simplified. It will help so many newbies

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