Buying Cryptocurrency safely in Nigerian Using Binance Review
Ever since CBN has banned financial institutions from participating in cryptocurrency transactions and exchanges. It has made it a little bit difficult for a novice to safely buy cryptocurrency. However, an alternative solution has been provided which is known as P2P trading which also involves escrow.
But still, it is not as easy as paying directly with your bank ATM using a different payment gateway. Like Paystack and the rest. People have been scammed in the process of buying these coins using P2P Via untrusted platforms making them lose their hard-earned money.
How to buy Cryptocurrency safely in Nigerian Using Binance
Binance is one of the most reliable CryptoCurrency apps that features almost all Cryptocurrency coins. It is not just an app but also a trading app where you can buy, sell, and trade coins against other coins in real time.
With Binance, you can buy coins and get them instantly using their secure P2P. And you will get it once payment has been made. And if the seller wants to play smart, with your proof, his or her account will be blocked.
How Does Binance work
To get started, all you have to do is sign and fill in all the necessary information plus your BVN for proper verification
Login into the Binance app and select the type of coin you wish to buy after you have created your wallet. For starters, I will advise you to use the Binance lite version. The pro might get you confused.