Nigerian Crypto Users Turn Away from Kucoin Amid VAT and P2P Trading Issues

Nigerian cryptocurrency users have been expressing frustration with Kucoin's recent decisions, including the imposition of a 7.5% VAT on transaction fees and the suspension of P2P trading for Nigerian users.

In response, influencers in the Nigerian crypto space have been exploring alternative options. As a Nigerian user affected by these changes, I investigated one option that caught my attention, Bitget exchange.

Bitget offers P2P trading and doesn't charge extra fees like VAT on transaction fees, which may appeal to some users. However, it's important to do your own research and consider multiple factors before choosing an exchange.

Bitget has a strong reputation, but it's essential to weigh the pros and cons before making a decision. It's crucial to consider factors like security, user experience, and fees when selecting a reliable exchange that suits your needs.

Additionally, Bitget is recognized as a top-tier exchange by CoinMarketCap, ranking in the top 12 for overall trading volume and top 4 for derivatives trading volume globally. This indicates a high level of trust and reliability in the crypto community.

However, it's important to remember that no exchange is perfect, and each has its unique features and limitations. It's essential to stay informed and up-to-date on the latest developments and user reviews before making a decision.

By doing your research and considering multiple options, you can make an informed decision that best fits your crypto trading needs.