I came online only to see messages about the Binance p2p ban, Is it banned? or not just working? I do not really know but what I know is that our government believes Binance is the reason why the Naira is pumping and they want Binance to regulate the amount of Naira/USDT to 1400 which is Impossible.
So everyone woke up to not being able to trade their Naira to Fiat on Binance P2p today and some were worried about how they are going to turn their money to Fiat. Worry not because Binance is just one of the many exchanges that support P2p.
I was checking the list of exchanges Hive is listed and I got to know that Hive is in 13 exchanges or even more but my network was bad and I could not explore all. but you can check them out here
I have used Gate.io to trade hive but unfortunately, it has no P2p so it is as useless as Binance right now, same as Huobi too.
The exchange that supports naira P2p as of now is Bybit but Hive is not yet listed there. So what to do?
Deposit your Hive to Binance, convert it to USDT, and transfer/withdraw the USDT to Bybit using the Bep20 network as it costs less fee.
The screenshot above was what I got for converting 40 hives to usdt then I withdrew it to Bybit.
The page above will show if you click on the USDT in your wallet and one of the options there is P2p Trading, Click it and it will take you to the next page below.
If you are familiar with how Binance p2p works, then this should not be a problem for you because the steps are similar.
The places I circled are what you need to take notice of.
Amount : you can use that to filter the amount of naira you are selling to save yourself from scrolling for a long time to see a buyer.
Limits: This shows the minimum and maximum amount that a buyer is ready to buy from you.
- Bank Transfer: Some buyers choose to pay a certain bank account and you will see it but if it is just a bank transfer that is written, it means they pay all banks unless they add it to their terms they are not paying a particular bank probably due to network issue.
Lastly click on sell, enter your desired bank account that you want to receive the Fiat, and wait till the money is reflected in your bank before clicking payment received.
I hope this solves the Binance p2p not working, if you have any questions or you do not understand some part of my explanation, feel free to drop a comment.
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