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Binance Sets New Fixed Deposit Fee at N150 for Up to 18 million Naira Deposits.

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Last updated on July 15th, 2020 at 11:46 am

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Binance the largest world cryptocurrency exchange by trading volume announces a new binance deposit fee for Naira deposits.

After it’s partnership with Flutterwave, a bills and online mobile payments service provider in Nigeria, allowing Nigerians to process naira deposit on binance with 1.4 percent naira depoist fee charge. 

The crypto trading house announced today that it will be opening a new fixed naira deposit fee charge each bank transfer.  

See Also: Nigeria Open Naira Deposits For Nigerian Naira Through Flutterwave. 

The new deposit fee charge will take effect on Monday 17 February 2020 10:00 AM (UTC). This means that for every naira deposit you make on binance amounting to N18m naira, you will be charged a little fee of N150 naira.

This is a good move towards putting Nigeria on Binance. We can recall that binance has made too many moves in other to leverage the Nigeria crypto market but has failed. 

This followed up from the flutterwave partnership to allow direct naira deposit and withdrawal on binance to the Paxful partnership allowing cryptocurrency peer to peer digital money transfer.

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