How to buy and sell crypto on binance P2P ( A guide for Nigerians)
Crypto space has recently been facing lots of regulation from the official sector and knew rules and banning policies are introduced to minimize flexibility in the use of cryptocurrencies.
Nigerian early this year made some new regulations that affect buying and selling of crypto which has made some Nigerian youth lose interest in the use or adoption of crypto.
A largely supported crypto wallet in Nigeria Luno had to halt the buy and sell of crypto although users can still store and make transactions using the wallet.
With the ban, several means of making a crypto transaction are introduced I will be sharing one of these means.
Using p2p means on exchange and personally, a crypto holder can be able to exchange some of his cryptos for fiat currency.
Here is a simple guide on how you can buy or sell any crypto of choice and get your supported local currency in your preferred means of getting credit.
In this post, I did some selling where I sold some amount of BTC.
- Step one
Make sure you have some amount of crypto coin on your binance exchange.
if you have such an amount on your spot wallet it has to be transferred to your p2p wallet.
Note the amount you want to sell must be on your p2p wallet.
- Step two
One successfully transferred click on p2p trading.
- Step three
At the top left corner, you will have an option showing buy/sell so I will be selling.
- Step four
Clicking on sell will take you to the above page where you will input the about of crypto you want to sell, an option for payment method will also be displayed, you will input your bank details for receiving the amount of crypto you are selling.
click on sell
And wait few minutes for the buyer to send payment before confirming to release your pending crypto.
Note make sure you have received payment before confirming the release of crypto
Thanks for stopping by hope the post was quite helpful.
