Monday, March 1, 2021

Binance Now Allows Nigerians to Deposit Up To 18 Million on its Trading Platform

Binance, the largest cryptocurrency exchange by trading volume has recently announced that Nigerian Customers are now liable to deposit up to 18 million NGN on its trading platform.

This new change was shared via the official website of the exchange a couple of minutes ago.

In addition to the above update, Nigerians can also make deposits with a flat fee of just 150 NGN when a bank transfer is in play.

So, this new development has definitely put an end to the initial 1.4% deposit rates. This is indeed good news for the cryptocurrency traders and customers of Binance exchange in the most populous country in Africa, Nigeria.

Binance exchange shared this, “Naija Binancians! You can now deposit up to 18,000,000 NGN on Binance at a flat fee of just 150 NGN when using bank transfer. Bye-bye to 1.4% deposit rates!”

The bank deposit fees for Nigerians will be adjusted by the exchange starting from 17th February 2020 at 10:00 (UTC). The new deposit fee will change from 1.4% per deposit to 150 NGN for each bank transfer.

In conclusion, Binance exchange warned users regarding the risks that abound in the cryptocurrency trading. There is high volatility of cryptocurrencies in the market, which could bring about a lot of profits as much as losses. So, the exchange warned users to trade responsibly.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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