Binance announced in November 2020 that it has added Nigerian naira cash transfer on its mobile app, iOS and Android, or website. Binance, one of the largest cryptocurrency exchange in the world, is the latest in the growing list of cryptocurrency exchanges offering money transfer services to Africa.
The service allows Binance account holders to transfer naira to anyone without using third parties. Recipients can be Binance users or non-Binance account holders. You can send naira for free using your recipient’s phone number or email address. A link will be sent to their phone or email address to be used for signup and fund withdrawal.