The company offers a discount when clients pay using BNB, which is currently 25% off trading fees and 10% off USDT-margined futures, but the rate varies. Listing of the exchange is regularly updated, and new cryptos and coins are added after their applications are confirmed. Fees are reduced as the VIP level increases, and begin at a maximum of 0.1%. It is also possible to access historical data on cryptocurrencies using the API. Nairaland Forum / Nairaland / General / Business / Binance P2p (peer2peer) Trading (102 Views) Binance P2P: A Place Where Most Nigerians Are Compelled To Be Honest. Users should navigate to API Management after login, create an API key (i.e. Traders place orders to buy or sell crypto in local currency, and the exchange holds the asset until payment has been delivered and both parties finalise the deal. The country has become a reference point in the emerging markets of Middle East and Africa when trading on crytocurrency is discussed. For these young Nigerians, the cryptocurrency market is more than trading bitcoin and other altcoins, as it has begun to create jobs, inspire entrepreneurs to create startups, and spawn hundreds of tokens with unique functions and development. Buy and sell an extensive list of leading and emerging crypto coins at Binance. This list of brokers like Binance is in order of similarity and only includes companies that accept traders from your location. Clients can register on the website, then open an account after identity verification â this is part of the Know Your Customer (KYC) process. Users must create an API key on Binance, and can view all official documentation on Github. Young people account for a staggering 42.5 percent of Nigeriaâs unemployment rate as of the fourth quarter of 2020. Lugares para comprar bitcoin em troca de outras moedas. According to a crypto trader and founder SwiftCorp, Victor Asemota youths stick to crypto mainly because âBitcoin, for instance, is not correlated with capital market fluctuations. The processing time for this transaction is quoted as a few minutes. Kenya also followed suit with $38.4 million, although that was $61 million less than Nigeriaâs. Weekly Roundup: Binance Announces NFT Marketplace Plans, Cryptolocally Launches Crypto Academy. Abuja Woman âExplainsâ Natural Solution To Reverse Hypertension, Lower Blood Pressure And Cholesterol Naturally Without BP Drugs (And Why Most People Do It The Wrong Way)! Kraken is considered to be a solution better suited to beginner traders. Binance offers a supporting escrow service for its fee-free peer-to-peer (P2P) trading market. How do I start leveraged trading on Binance? The concept of open interest, which quantifies the number of open positions held by clients, may also be of use to new traders as it can convey market sentiment. The popular exchange offers multiple benefits: The company was hacked in 2019 and its services have recently been under investigation as part of a money-laundering scandal. Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital. The exchange supports two wallets for holding cryptocurrency â Trust Wallet and Binance Chain wallet. Binance certainly offers a wider range of assets for trading, though Coinbase may be the more established exchange. Binance P2p (peer2peer) Trading - Business - Nairaland. This is not the case for cryptocurrencies, and clients can expect to pay 0.0005 for BTC withdrawal, with a minimum limit of 0.001. For other transactions, such as buying crypto directly with fiat currency, clients using Visa bank cards must also have 3D-secure validated. Complete a Tether USDT trade in just under 5 minutes The key must be stored securely to prevent unauthorised access. Utilize esta página para seguir notícias e atualizações sobre Binance Coin, crie alertas, siga análises e opiniões e obtenha dados do mercado de tempo real. From the customer profile page, select Deposit and then pick a coin to deposit â clients can choose from over 150 cryptocurrencies. South African government took a strong position on cryptocurrency after a $740million bitcoin scam allegedly coordinated by Bitcoin trader, Mirror Trading International, which is now liquidated. Customers can choose either the Trust Wallet or Binance Chain wallet to safeguard their trading funds. Binance Coin é um tipo de criptomoeda digital que utiliza transações P2P, exploração de dados e outros feitos tecnológicos em um ativo moderno. While the total unemployment rate surged to an unprecedented 33.3 percent from 27.1 percent in the second quarter, the highest rate of unemployment was recorded among those between the ages of 15 to 24 years with 53.4 percent followed by those aged between 25 to 34 with 37.0 percent. In order to buy and sell cryptos across the Binance network, go to the “Trade” dropdown menu and select “P2P”. I have done some research about future trading and I still need some clarification. Fees are generally lower for âmakerâ trades (those that are placed on the order book) than âtakerâ trades. A wide range of payment methods are available on this platform, including PayPal and Western Union. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. The 2011 election was different. These policies could have pushed up their volume of P2P trading in Q1, 2021. The desktop app for macOS, Windows, and Linux can also be downloaded directly from the firmâs website. Binance publishes frequent announcement articles, runs an active blog, and maintains a YouTube channel with trading tutorial videos. It also runs a Futures Leaderboard, which displays the performance of the top 500 traders based on daily ROI. There are more than 20 cryptocurrency exchanges in Nigeria employing hundreds of young Nigerians and some of the exchanges are founded and run 100 percent by young Nigerians. For many fiat currencies, including GBP and Euro, the withdrawal fee and minimum limit are also zero. The Zones group also contains the Innovation Zone, which allows customers to trade new and potentially higher risk tokens, and DeFi (decentralised finance) listings like Sushi Swap. While the government banned banks from processing all crypto-related transactions, traders, who are mainly youths, bypass the restriction.  Â. A survey by Binance found that the 51 percent of crypto users see it as a regular source of income. Meanwhile Ghana and Kenya took a different route and rather preferred to tweak their regulations towards benefitting from where South Africa slipped. In the first quarter of this year, Q1,2021 Nigeria shocked the world when between January and March it posted a peer-to-peer, P2P Bitcoin trading value worth $99.1 million. As a result, we do have some concerns around user security. Binance accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Note with the referral program, clients who invite friends using their referral code can get rewards from completed trades in the form of commission or âkickbackâ. Clients can navigate the cryptocurrencies offered using the Zones group. However, Nigeriaâs case is described as unique because of the huge youth population involved in crypto trading. A combination of unemployment and underemployment rates shows that those aged between 15-24 reported a combined rate of 73.2 percent, showing a serious challenge for the age-group in securing full-time employment. A blockchain expert, Lucky Uwakwe says there are hundreds of Nigerians willing to learn about blockchain, many of them, however, are discouraged by the lack of well-established training facilities. Use our Binance Referral ID N6FDIYIT and get a Flat 20% Discount on your all trading fee and an extra 25% discount when you pay using BNB Coins.. Additionally, you can also invite your colleagues to Binance with your Binance Referral ID or QR code and earn up to 41% commission per referral. While the total unemployment rate surged to an unprecedented 33.3 percent from 27.1 percent in the second quarter, the highest rate of unemployment was recorded among those between the ages of 15 to 24 years with 53.4 percent followed by those aged between 25 to 34 with 37.0 percent. A survey conducted in the UK of affluent millennials discovered that 20 percent have invested in cryptocurrencies. It merely astonishes me. The website also recently added an over-the-counter (OTC) trading desk, which allows users to exchange larger quantities of cryptocurrencies in one transaction with settlement directly into a chosen Binance account. Only a few who can afford it, apply to schools abroad to study. Binance Chain is a blockchain software system for the trading of digital assets, which users can interact with via the Explorer function, and DEX is the decentralised exchange feature built on top of the Chain. However, while Nigeriaâs ban on cryptocurrency is not affecting both the P2P and general volume of trading, that of South Africa is having a negative impact considering that both Kenya and Ghana have eclipsed South Africa in the Q1 2021 trading report, according to UsefulTulips.org . The report by the National Bureau of Statistics (NBS) is the closest indication that the unemployment problem in the country has reached a crisis stage and would require every help it needs to address the problem. Clients can trade with up to 1:125 leverage. This listing contains all currencies offered by the firm, including Monero, Neo, and XRP. In the first quarter of this year, Q1,2021 Nigeria shocked the world when between January and March it posted a peer-to-peer, P2P Bitcoin trading value worth $99.1 million. Binance has much to offer beginners and advanced traders, and many investors interested in crypto will be satisfied with the service. A contact phone number is not available but customers can submit a ticket request using an online form. Customers should note, however, that it is not possible even with this technology to use popular platforms like MetaTrader 4 (MT4) within the Binance transfer network. While Ghanaâs Central Bank launched a regulatory framework that not strictly controls but also gives blockchain-based companies including cryptocurrency startups priority, the Central Bank of Kenya is reported to have proposed switching to Bitcoin as a reserve currency.
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