Fellow Binancians,
Effective from 2023-03-02 12:00 (UTC+1), Binance has updated the deposit and withdrawal fees for Nigerian Naira (NGN), and increased the corresponding transaction limits for NGN.
Fees for NGN Deposits & Withdrawals
The new fee structure for NGN deposits and withdrawals is reflected in the table below:
Tier |
Amount (NGN) | New Fee Structure | Previous Fee Structure | ||
Deposits | Withdrawals | Deposits | Withdrawals | ||
1 | 1,000 - 50,000 | [Minimum Fee 100 NGN] 0.50% | [Minimum Fee 100 NGN] 0.50% | [Minimum Fee 150 NGN] 1.00% | [Minimum Fee 150 NGN] 1.00% |
2 | 50,001 - 1,000,000 | 0.30% | 0.75% | 0.30% | 0.75% |
3 | 1,000,001 - 2,000,000 | 0.50% | 0.60% | 0.50% | 0.60% |
4 | 2,000,001 - 5,000,000 | 0.30% | 0.40% | 0.50% | 0.60% |
Increased Transaction Limits
Additionally, Binance will be increasing the transaction limit of users from 2,000,000 NGN to 5,000,000 NGN per transaction. The daily limit for active transactions will also be increased from 5,000,000 NGN to 18,750,000 NGN.
Thanks for your support!
Binance Team
2023-03-02
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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