How to Fund Binance in Nigeria 

Binance offers its users across the globe the privilege of trading cryptocurrencies, as well as storing their electronic funds in crypto wallets. Binance allows users to fund their accounts via P2P trading, bank deposits, and credit and debit cards, but if you’re a user in Nigeria, you’ve got limited options. This article will discuss the way to find Binance in Nigeria. Let’s get started. 

How to Fund Binance in Nigeria 

How to fund Binance in Nigeria would be displayed below: 

  • Register on Binance 

Before we proceed to tell you how to fund Binance in Nigeria, let’s first talk about how to register on Binance. Even if you might have already registered on Binance, you may have not completed the identity verification stage which is a vital step if you want to fund your Binance wallet. Let’s move on. 

If you don’t have a Binance account, go to Google Playstore or App Store to download and install the Binance mobile application. Alternatively, you can visit the Binance official website. 

Follow the steps below to register on Binance: 

  • On the homepage of the Binance app or website, tap “Sign Up” 
  • You’d be asked to select the type of account you want, between “Entity” and “Personal”. Select the account type you want. (NB: you can’t change the account type once registered)
  • Choose either option of ” Email” or “Phone”, and provide the email address or phone number associated with you (or your ‘entity’, if you chose entity as your account type) 
  • Create a secure password of at least sight characters, one uppercase letter and one number 
  • Put in the Referral ID in the provided box if you were referred to register on Binance by a friend; otherwise, skip. 
  • Go through the Terms of the Service and Privacy Policy before hitting ” Create Personal Account” ( or “Create Entity Account” as the case may be) 
  • Input the code that would be sent to your email or phone number within thirty minutes, then press “Submit” 
  • The account is successfully on Binance 

At this juncture, you will have to go further by completing your identity verification which will enable you to engage in peer-to-peer trading. 

Follow the steps below to complete your identity verification on Binance: 

  • Log into your Binance on the website or with the Binance app
  • As a new Binance user, click on “Get Verified” 
  • Next, click “Start Now” 
  • Select “Nigeria” as your country of residence 
  • Click “Continue” 
  • Input your details and click “Continue” when you’ve confirmed that the information you’ve entered is consistent with your ID document
  • Enable came access on your device 
  • Follow the instruction to take front and back photos of your ID document (international passport, national ID, driver’s licence). Make sure when you click “Take a Photo” to capture your ID document, the ID is properly placed in front of the camera
  • Press “Ok” to confirm 
  • Click “Upload File”  to upload an existing photo on your device that clearly shows your face (without hats, glasses, and filters)
  • Click “Continue” to finish the face recognition 

Now we’ve satisfied the requirement of P2P trading on Binance, let’s discuss how to fund your Binance via P2P trading. 

  • How to Fund Binance via Binance P2P

As a Binance user in Nigeria, you’ve limited options to fund your Binance wallet, as the bank deposit option does not include Nigerian banks and the same thing regards the Credit/Debit Card option. Fortunately, Nigerians can use peer-to-peer trading to fund their Binance accounts in Nigeria. 

 Here’s how to fund Binance via Binance Peer-to-Peer (P2P): 

  • Login to your Binance account
  • Click on “P2P”. And if you don’t see this on your page, click ” More” to access the Binance app service page, you’ll see “P2P” in the “Trade” section of the page
  • Once on the P2P page, set your currency to “NGN (Naira)”
  • Next, go to the “BTC” section of the P2P page 
  • Click “Filter” to set the parameters for your transaction 
  • Then, input the amount of Bitcoin you want to buy (in naira) the BTC equivalent 
  • Click “Buy with 0 fee” to continue 
  •  You’ll then see the details of the order you’ve made 
  • Click “Make a Payment” to get the seller’s payment details. Alternatively, you can click the “Chat” button to contact the seller 
  • Here, the payment information of the seller is shown  (Binance allows the following Nigerian banks to engage in P2P: Union bank, Zenith Bank, Access Bank, Ecobank, Fidelity Bank, FCMB, GTBank, Keystone Bank, First Bank of Nigeria, Sterling Bank, Stanbic Bank and Stanbic Bank)  
  • Complete the payment, then click “Transferred, notify seller” 
  • The seller would be notified and the Bitcoin will be released when the seller confirms the payment 
  • After the seller releases the Bitcoin, it’ll reflect in your “Funding Wallet”
  •  You’ve successfully funded your Binance 

There’s “third-party payment” involving using the P2P platform to buy cryptocurrency from other Binance users, but in this case, their payment information is not consistent, for example, a different name or different country of residence. So, when you come across any disparity, take it as a red flag to discontinue the transaction.  

NB: Just as we chose to fund the Binance account with BTC, you can also select to buy stable coins like Ethereum and Dogecoin, to name a few. 

Note, if you have an issue with the seller, for example, the seller hasn’t confirmed payment even after it’s confirmed from your end, you can click on “Appeal” to bring it to the Binance agents’ notice. 

  • Binance Gift Cards 

Binance Gift Cards allow users to send cryptocurrency fast and without fees. When you are sent a Binance Gift Card by a friend, family member, or business partner, you receive cryptocurrency in your Binance wallet in a fast and simple way. 

Let’s discuss how to redeem Binance Gift Cards sent to you below: 

  • Login to your Binance account with the app 
  • Click on your “Profile” on the homepage 
  • Then, click “Gift Card” to access the Gift Card Marketplace
  • Click “Redeem Binance Card or Code”
  • Enter the Redemption Code of the Binance Gift Card and click “Redeem” 
  • Immediately, your Binance wallet will be credited with the funds. 


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