Binance VS Nigeria (NGN)

Binance is discontinuing all Nigerian Naira (NGN) services and they said we users are encouraged to withdraw or convert our NGN before March 8th, 2024.

I didn't know how big the issues with Binance was but I was kinda expecting this… As a Nigerian, I was prompted to switch platforms after this announcement. Bitget came up as a strong alternative, and I decided to give it a try cos of its long clean track record amongst others. Here's how I managed my transition:

1. First, I withdrew my NGN from Binance promptly.




2. Then, I set up my Bitget account. I followed the steps for registration, which were straightforward.




3. Next, I transferred my crypto holdings. Since Binance would have converted my NGN to USDT by default, I directly moved my USDT to my new Bitget account.




4. I spent some time exploring Bitget's features. As a trader, I was interested in futures and spot trading, but what really caught my attention was the copy trading feature—it seemed perfect for when I'm too busy to trade on my own.




5. Finally, I completed the KYC (Know Your Customer) verification.

The whole experience with Bitget has been user-oriented and the shift to a new platform seemed daunting at first, Bitget's ease of use and strong customer support smoothed the process.