Binance has added the free wallet-to-wallet function Naira cash transfer functionality as a payment option when buying crypto on the platform for all users in Nigeria.
This means you can now buy Bitcoin or other digital currencies on Binance P2P with your NGN fiat balance easily.
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SEE ALSO: [WATCH] Binance Adds an Instant Free Cash Transfer Function for the Nigerian Naira (NGN)
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NGN cash transfer is instant and secure and happens within the Binance ecosystem. Considering that Binance P2P has zero fees, Binance has unlocked one more opportunity for Nigerian users to easily and cost-effectively buy and sell Bitcoin.
Binance added the cash transfer feature in November 2020 allowing users with a Binance account to transfer Nigerian Nairas (NGN) to anyone, both within and outside Binance, easily at no cost.
The cash transfer function allows users (both Binance and non-Binance users) to send cash to friends and family anytime for free using either their phone number or email address.
The new functionality removes the need for third parties when sending money. When non-Binance users receive the funds on their phone or email, they will get a link that prompts them to signup and instantly withdraw the funds.
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Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.
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