Binance has expanded its product offerings in Nigeria with the addition of cash transfers. This new feature allows users to send naira to Binance users and non-users.
Binance has added a new cash transfer function on both mobile apps and web for Binance users. This feature allows users with a Binance account to transfer Nigerian Naira (NGN) to anyone (both Binance and non-Binance account holders) easily without stress.
The wallet to wallet function is safe and free for all Nigerian users. The cash transfer function allows users to send cash to friends and family anytime for free using either their phone number or email address.
This function for Nigerian Naira (NGN) will allow users to have more utility holding fiat within the Binance ecosystem. A fast and secured way to send and receive money with just a phone number.
How Naira Cash Transfers Work on Binance
Cash transfer function removes the need for third parties when Binancians want to send money to friends and family, allowing them to make NGN transactions directly from wallet to wallet, instantly at zero cost.
Funds can be sent to both Binance and non-Binance users using only their phone number or email address. When non-Binance users receive the funds, all they have to do is follow the link and complete their signup process and the funds will be instantly available for withdrawal.
You can try the new feature on Binance now.