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Binance Adds ETH/NGN Pair - Nigerians Can Directly Trade Ethereum Against the Naira - BlockNewsAfrica
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Home Countries Nigeria

Binance Adds ETH/NGN Pair – Nigerians Can Directly Trade Ethereum Against the Naira

Kojo Owusu by Kojo Owusu
August 27, 2020
in Nigeria
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How To Buy Ethereum In Kenya – The Ultimate 2020 Guide
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Binance announced that it has added the ETH/NGN pair alongside a slew of other pairs on Thursday morning.

Ethereum, the second-largest cryptocurrency by market cap, has gained a lot of popularity over the years. In 2020, ethereum (ETH) has seen positive price action, which has alluded to the project since 2018.

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The increase in price has made it more popular, especially among traders. Binance users in Nigeria have highly requested the ETH/NGN pair in the past.

The ETH/NGN pair presents another option for Nigerians to buy or sell ethereum with the naira. Before this, Nigerians looking to trade ethereum (ETH) on Binance had to use Binance P2P.

To trade with the naira on Binance, Nigerians can deposit money via bank transfer or credit/debit card. Binance is the only top 10 exchange by volume that supports direct deposits of the naira.

ETH/NGN, DOT/BIDR, LINK/AUD, and SXP/AUD trading pairs will go live on Binance at 8:00 AM (UTC) on Thursday.

Also Read:

  • Binance P2P Adds MPESA in Kenya And 57 Other Payment Methods
  • Binance P2P Reviewed For Nigeria (Ultimate How-To Guide)
  • Binance Cuts Withdrawal Fees In Nigeria And Updates KYC Requirements
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Tags: BinanceEthereumNaira (NGN)
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Kojo Owusu

Kojo Owusu

Kojo Owusu has been a cryptocurrency marketer and writer for over four years. He has contributed to several bitcoin and cryptocurrency blogs and resource websites. Kojo is now an editor at BlockNewsAfrica and does ghostwriting for other bitcoin blogs.

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