Looking for a Binance P2P alternative?
Binance stopped supporting naira in 2024, so you can't cash out to naira there anymore. Pyker lets you sell USDT, BTC and other coins for naira instantly, without trading with strangers.
Binance announces it will discontinue all naira services.
Public reporting, checked October 2026What happened to naira on Binance
Naira trading on Binance's P2P marketplace was removed in February 2024. On 5 March 2024, Binance announced it would discontinue all naira services: naira deposits stopped, naira trading pairs were delisted on 7 March, and naira withdrawals ended on 8 March. Remaining naira balances were converted to USDT.
Binance still offers crypto-to-crypto trading to users in Nigeria, but it no longer turns crypto into naira in your bank account. If that's what you used it for, you need another way to sell.
Pyker vs Binance P2P
| Pyker | Binance P2P | |
|---|---|---|
| Sell crypto for naira | Yes, to your NGN Wallet, or choose your USD Wallet instead. | No. Naira services were discontinued in March 2024. |
| How you sell | Instant sell: send to your own Pyker address and your wallet is credited automatically once it confirms. | Crypto-to-crypto trading only. Naira P2P is no longer available. |
Comparing rates or cashout speed?
The fairest comparison is the naira that actually reaches your bank. Here's how to check it.
Compare at the same moment
Rates move constantly. Check each app within the same few minutes, for the same amount.
Count every fee
Look at the naira you'd actually receive: rate, selling fees and withdrawal fees together. On Pyker, our fee is built into the rate you see.
Check the cashout
Money in an app isn't money in your bank. Pyker doesn't charge a fee to withdraw naira to your verified bank account.
Factor in waiting
P2P trades depend on a buyer. With instant sell, your wallet is credited automatically once your deposit confirms.
Moving from Binance P2P to Pyker
Download Pyker and verify
Sign up and complete BVN verification and a quick liveness check in the app.
Get your deposit address
Tap Sell crypto, choose the coin (for example USDT) and the network, and copy your Pyker address.
Withdraw from Binance to Pyker
In Binance, withdraw the coin to your Pyker address on the same network. Your naira wallet is credited once it confirms.
Tired of surprise fees and slow cashouts?
Common frustrations when selling crypto in Nigeria, and how Pyker handles each one.
Surprise fees after you sell
One upfront rate
Pyker's fee is built into the rate you see before you send, so there's no separate charge to work out.
Waiting on a buyer to pay
Instant sell, no counterparty
Send to your own Pyker address. Your wallet is credited automatically once your deposit confirms.
Paying to get your money out
Free naira withdrawals
Withdraw naira from your wallet to your verified bank account with no Pyker fee.
Not knowing where your money is
Every step, tracked
See your payment detected, validated and credited in real time, with a receipt for every sale.
Binance P2P alternative: FAQs
Can't find what you're looking for?
Write to us at support@usepyker.com
No. Binance discontinued its naira services in March 2024, including naira P2P, deposits and withdrawals. You can still withdraw crypto from Binance and sell it elsewhere.
Generate a USDT deposit address in the Pyker app, then withdraw from Binance to that address on the same network. Always match the network on both sides.
No. There's no buyer to wait for. You send crypto to your own Pyker address and your wallet is credited automatically once your deposit confirms.
Other platforms people are switching from
Information about other platforms comes from public reporting, checked October 2026, and may have changed since. Platform names are trademarks of their respective owners. Pyker isn't affiliated with or endorsed by them.
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