Post
Topic
Board Nigeria (Naija)
Re: Always verify if an exchange do still have NGN P2P feature before sending funds
by
Abbatty
on 23/06/2024, 21:37:52 UTC
Before sending funds to trade on your centralized exchange, always check at immediate time If the exchange still allows NGN (#) P2P because the way naira is been scrapped off from the P2P feature is overwhelming.

Ignorant to do this verification before sending funds  from your self-custodial wallets to the exchange wallets will always cost you excess expenses on transaction fees from an exchange to another before you could realize yourself and call it mistakes.

Good of you to come up with this thread i believe some people will learn from it. Although i am certain that when an exchange delists NGN from their p2p service a general announcement is being made and everyone with an account will be notified of their actions and if there is anyone who didn’t notice their message i believe he/she would come across the news on the internet because if a popular exchange make an important announcement it the news will go viral and almost everyone on the internet will come across it. When it happened with Binance and Kucoin the news was everywhere so making mistakes will be on the person. Besides losing a dollar or two shouldn’t be much of a problem to make a fuss about.