Beginning in November, Nigeria’s trading cryptocurrency will be able to deposit and withdraw in Naira, according to the Luno exchange.
This comes eight months after the Central Bank of Nigeria (CBN) banned cryptocurrency trading in the nation.
In an email sent to users, Luna stated:
“We’re thrilled to announce that deposits and withdrawals in Naira will resume on the Luno platform in November.”
You will be able to deposit and withdraw funds to and from the Luno platform using vouchers purchased and redeemed through a trusted third-party provider.
We believe that this is the safest and easiest-to-use solution currently available to our customers in Nigeria and look forward to you experiencing it for yourselves.
Luno warns users that it “does not set the price of bitcoin or any cryptocurrencies, we only facilitate transactions between customers.”
If you don’t have a wallet for crypto deposits and withdrawals, you can get one on the Luno account here or any other convenient platform like Binance, Remitano, etc…
Also Read: How to Buy, Sell Cryptocurrency Safely in Nigeria, Withdraw in Naira to Your Bank Account