There is an answer if you are having difficulties trading on the most well-known and widely-used cryptocurrency exchange in Nigeria. If you’re having trouble with Binance, you can reach out to their US-based customer service team via the Binance office in Lagos contact information we’ve provided below.
There has been a surge in the popularity of cryptocurrency in Nigeria in 2021, with many investors putting their money into the market with the expectation of seeing returns of two or more times their initial investment. Investing in cryptocurrency can be a lucrative option.
Listed here are Binance Nigeria’s contact details for their customer service team, including a phone number, email, and physical location.
Binance Office In Lagos
|Phone Number||(219) 302-9827
|Office Address||San Francisco, California
What Is the Binance Exchange?
Founded in Hong Kong in 2017, Binance Exchange is a premier trading platform for digital assets. In particular, it emphasizes the buying and selling of alternative cryptocurrencies. Binance is a cryptocurrency exchange that allows users to buy, sell, and exchange over 600 different cryptocurrencies and digital tokens, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and Binance Coin (BNB).
Learn About the Binance Exchange
Binance is one of the most popular cryptocurrency exchanges because of the low transaction fees it offers, especially for crypto-to-crypto trading. Those who choose to use the native BNB cryptocurrency tokens to make purchases are eligible for discounts and enjoy the platform’s high liquidity.
Binance comes from a portmanteau of “bitcoin” and “finance.” It boasts multi-tier and multi-clustered architecture, which it says makes it highly secure, and a processing throughput of up to 1.4 million orders per second. It allows users to buy and sell over 600 different coins, including Bitcoin, Ethereum, Litecoin, and the platform’s own BNB tokens.
Additional Binance Services
Binance provides a variety of resources for its users, not just exchange-related ones. For example:
Binance Earn allows users to stake their stablecoins on the exchange in exchange for interest payments. The exchange provides investors with a variety of options and interest rates for these coins, which vary both by coin and by term.
With the Binance Visa Card, users can easily exchange their cryptocurrency for fiat currency and make purchases just like they would with any other credit card. Third-party fees in the form of payment network fees do apply, but administrative costs for the conversion are zero.
With Binance’s smart pool, miners can easily switch between mining different cryptocurrencies to maximize and multiply their profits.
Binance Labs is a blockchain technology incubator that aids promising projects before they launch an initial coin offering (ICO). It aids deserving cryptocurrency project teams by giving them access to development funding, advisory resources, and a springboard for listing and fundraising efforts.
Additionally, Binance provides a platform called LaunchPad to host cutting-edge blockchain initiatives and API frameworks. Sixty-four initiatives are underway as of July 2022.
Using an initial coin offering (ICO), it introduced its own cryptocurrency called Binance Coin (BNB) in July of 2017. As of July 2022, BNB has a market cap of roughly $38.8 billion.
Binance Coin (BNB)
Binance Coin (BNB) is the native cryptocurrency of the exchange. It’s a tool for the Binance exchange, where crypto is bought and sold. In July of 2017, the coin debuted with an initial coin offering (ICO).
Twenty million Binance tokens (BNB) were distributed to angel investors, eighty million (80,000,000) were distributed to the founding team, and the remaining one hundred million (100,000,000) were distributed through the ICO.
Almost half of the ICO funds were allocated for Binance’s branding and marketing, while the remaining third was used to develop the Binance platform and make upgrades to the Binance ecosystem.
At first, Binance Coin operated on the Ethereum network using the ERC 20 protocol. Binance Coin, however, is the BNB Chain’s native cryptocurrency as of 2019. In July of 2022, one BNB is equivalent to about $237. Its market cap of around $3.9 billion places it in fifth place among all blockchain-based tokens.