Binance will discontinue all Nigerian Naira (NGN) services.
Binance clients are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services.
From March 8, 2024 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT.
- Deposits, Withdrawals and Conversions:
Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC).
Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).
After 2024-03-08 08:00 (UTC), Binance will convert any remaining NGN balances in users’ Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN.
The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page.
If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion.
Binance will delist all existing NGN spot trading pairs (i.e., BTC/NGN and USDT/NGN) at 2024-03-07 03:00 (UTC).
All open spot orders with respect to the above trading pairs will automatically be closed when trading ceases in the relevant trading pair.
Users should ensure they have not selected “Hide Small Balances” in all of their wallets to view their assets after trading ceases.
Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC).
Binance P2P delisted all NGN trading pairs at 2024-02-28 15:00 (UTC).
Binance Auto-Invest will delist NGN after 2024-03-06 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.
Binance will remove NGN from the list of supported payment options on Binance Pay at 2024-03-06 03:00 (UTC).
