Speaking of regulation in Nigeria, I’ve been using Binance p2p seamlessly for over a year since financial institutions were banned from servicing crypto transactions.
Yeah to use Binance you need to do kyc, but they’ve done a good job at hacking this P2p thing, if shit hits the fan I’m sure it wouldn’t take long for that system to be a standalone service free of centralized control.
💯 💯
Oh and then we have Hive.
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Thanks for bringing this up I totally forgot that Binance already had p2p and everyone in Nigeria seems to use it even though they aren't technically allowed.
Which payment app do you send Naira on in order to get the crypto on Binance?
None. We Send Naira directly from own bank account to the crypto sellers bank account. Just like say you’re transferring money to someone for a something, anything.
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While the crypto waits in Binance escrow and released when the seller confirms payment.
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