How to Buy BNB in Nigeria on Remitano

Remitano is a peer-to-peer cryptocurrency marketplace that allows users to buy and sell cryptocurrencies directly with each other.

It has a strong presence in Nigeria and is one of the easiest ways for Nigerians to buy cryptos like BNB (Binance Coin).

What Remitano Does

Remitano is a decentralized escrowed p2p crypto exchange. It connects cryptocurrency buyers and sellers directly without any middleman. Remitano holds the crypto in escrow until the transaction is complete. This protects both parties from issues like fraud.

On Remitano, you can:

Buy and sell BNB and other major cryptocurrencies
Use various payment methods like bank transfer, gift cards etc
Trade with a wide range of buyers and sellers from Nigeria and globally
Enjoy competitive rates and low fees

Features and Functionalities

Secured Escrow: Funds are held securely in Remitano’s escrow wallet until buyers confirm the payment. This prevents fraud and build trust.

P2P Marketplace: You trade crypto directly with other human sellers instead of trading against an exchange. This facilitates better pricing.

Multiple Payment Options: Supports payment methods like bank transfer, gift cards, mobile money, etc tailored for the Nigerian market.

Two-Factor Authentication: Provides extra login security with 2FA via Google Authenticator or email.

Remitano Mobile App: Enables you to buy, sell and manage crypto on the go through Android and iOS apps.

24/7 Customer Support: Have your queries answered promptly with Remitano’s ever-ready customer service.

Referral Program: Earn commission when you refer friends and family to sign up and trade on Remitano.

Low Trading Fees: Saves cost with minimal fees, unlike on centralized exchanges. The sellers determine the trading rates.

How to Use Remitano to Buy BNB

Follow these simple step-by-step guide to buy BNB on Remitano with your Naira:

Step 1: Create a free Remitano account and email verification

Step 2: Under the Buy Crypto tab, enter the amount of BNB you want to buy in USD/NGN

Step 3: Choose your preferred payment method (bank transfer, gift card, etc)

Step 4: Browse through the list of sellers and select an offer

Step 5: Open trade, read terms and click Buy to initiate trade

Step 6: Follow the payment instructions provided by the seller

Step 7: Confirm payment once you have paid

Step 8: The seller will then release the BNB upon receipt of payment

Step 9: Leave feedback on your trading experience. And enjoy your newly acquired BNB!

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Pricing and Fees

Remitano does not charge buyers any fee. The displayed buy price is what you get. Sellers however pay a 0.5% fee for every completed trade.

Pricing is set by the independent sellers based on market rates. Buyers can scout for best rates across hundreds of sellers before picking the most competitive offer. Rates are wallet funded peer-to-peer rates so usually better than exchanges.

As there are no middlemen, cost of trading BNB on Remitano is typically cheaper than centralized exchanges. You also eliminate risks of price slippage.

Comparison With Similar P2P Exchanges

Here is how Remitano compares to other popular P2P exchanges in Nigeria:

Paxful

Over 300 payment methods
Available web + mobile app
Higher fees at 1% per trade
Support can be slow
More scam risks

Binance P2P

Low 0.1% fee
Big altcoin selection
Owned by major exchange
Limited payment options
Desktop only interface

LocalBitcoins

Around since 2012
SMS verification
Classifieds style ads
Fewer crypto options
High 1% fee per trade

Key Benefits of Choosing Remitano

Beginner friendly easy-to-use platform
Low 0.5% trading fee
Fast support with chat, email, phone
Secure escrow to prevent fraud
Mobile apps for crypto on the go

So Remitano stands out with it’s easy platform, low fees, dedicated support and secure escrow mechanism – which makes it ideal for Nigerians looking for a simple hassle-free P2P experience.

Pros of Buying BNB on Remitano

Less Risk of Fraud: Escrow protection locks seller’s BNB until you confirm payment

Fiat Payment Flexibility: Caters to Nigerians with mobile money and gift cards options

documentElement User Interface: Easy P2P platform ideal for crypto beginners

Fast Trading: Entire process from account creation to receiving assets takes under 30 minutes

Top Coins Available: All the popular coins including BNB can be purchased

Personalized Service: Dedicated agents swiftly answer queries on phone, chat or email

Cons of Buying BNB on Remitano

Manual Processes: Can be a bit tedious completing KYC verification manually

Price Fluctuations: BNB rate can change quickly depending on market conditions

Limited Sellers: Not as many active BNB traders as available for Bitcoin

No Desktop Site: Only mobile apps available, no web interface to use on PC

Cannot Sell BNB Yet: While you can buy BNB easily, selling options not yet available

User Review Ratings

Based on multiple user reviews on sitejabber, trustpilot, reddit and similar review sites – Remitano scores a respectable average of over 4 stars out of 5 from global users.

Here is a summary of the key pros and cons from 1000+ user reviews:

Pros

Easy user interface and buying process
Accepts gift cards like Bitcoin voucher code
Quick customer service response time
Low trading fees, fair Paxful alternative

Cons

Tedious manual verification process
Supported assets could expand further

In summary – Remitano performs well in key metrics like security, fees, support that matter most to P2P crypto traders. Hence it emerges as one of the top recommended fiat on-ramp platforms for buying BNB in Nigeria.

Additional Sub-Headings

How to Withdraw BNB from Remitano

Once you have BNB available in your Remitano wallet, here is how to withdraw it:

Log in to your Remitano account via website or mobile app
From the side menu, click on ‘My Wallet’
Choose your BNB wallet and click ‘Withdraw’
Copy in your external BNB wallet address
Enter BNB amount and withdraw

Funds will reflect in your external wallet within minutes minus a small blockchain fee.

Payment Methods Available

Remitano offers various fiat currency deposit methods to cater to what’s most convenient for Nigerian users:

Bank Transfer: Receive BNB straight to your bank account
Gift Cards: Top up with crypto vouchers like Amazon, Steam etc
Mobile Money: Pay via mobile money platforms like OPay
Altcoins: Deposit crypto you own to swap for BNB

Having options like gift cards and mobile money makes buying crypto more accessible for the many Nigerians without traditional bank accounts.

Is Remitano Safe?

Yes, Remitano employs standard security measures to keep your money and data protected:

2-factor authentication (2FA)
End-to-end data encryption
Cold wallet storage for crypto assets
Secured escrow mechanism
Email verification required

They also have active presence on ground in Nigeria to provide quick support.

Over 5 million $USD worth of Bitcoins are traded monthly by Nigerians on Remitano alone – indicating solid levels of platform trust and usage.

FAQs

What countries does Remitano support?

Remitano serves most countries globally with special focus on emerging markets like Nigeria, Kenya, Malaysia etc.

Can I sell BNB on Remitano?

Currently Remitano only supports buying BNB in Nigeria. Selling features expected to launch later.

Is KYC mandatory on Remitano?

Yes, you must do one-time identity verification to trade higher than $1500/month worth of crypto.

Does Remitano have apps?

Yes, Remitano is fully available via Android and iOS mobile apps. Apps enable quick crypto trading on the go.

What are Remitano fees?

Remitano charges no fees for buyers. Sellers pay 0.5% fee per completed transaction.