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If you have been trading cryptocurrency in Nigeria, you would have noticed a restriction on the use of cryptocurrency platforms despite the initial lift of the ban.
That’s why you’re here. You’ve been saying to your friends, “I can’t login to my Binance account,” and you are wondering what the issue is.
The simple answer is that Binance was not left out of the crypto restrictions in Nigeria. Crypto trading is now kept secret.
In this guide, we will explore what led to these restrictions, and most importantly, how you can still access your Binance account in Nigeria, even with the trading restrictions.
Established in 2017 by Changpeng Zhao, Binance is one of the largest cryptocurrency exchange platforms in the world.
Binance offers trading in over 500 tokens and cryptocurrencies, such as BTC, DOGE, BNB ETH, LTC, and more.
Binance is famous for crypto-to-crypto trading and its low transaction fees. They particularly offer special discounts for users who trade in BNB.
Also read: Bitcoin Climbs Above $62,508 Post Trump’s Assassination Attempt
Some of the core features of Binance that differentiates it from other crypto trading platforms are:
On the 20th of February 2024, Binance suspended its Person-to-person (P2P) trading feature in Nigeria.
In a statement released, Binance claimed that the suspension was necessary because there had been indications of abuse of the feature, and they were “…working hand in hand with local authorities, lawmakers, and regulators to be compliant.”
An Economic and Financial Crimes Commission (EFCC) representative earlier stated that Binance was giving the dollar a fake value against the naira, triggering the naira devaluation.
One would have thought that the P2P suspension was all it would take to solve the issue. However, this wasn’t enough for the Nigerian government. Because on the 21st of February, all the cryptocurrency websites in Nigeria became inaccessible.
Premium Times reported that the Nigerian government plans to ban all cryptocurrency trading platforms in the country.
To date, Binance and other crypto sites have been largely inaccessible.
So if you’ve caught yourself saying, “I can’t login to my Binance account” recently, you’re not the only one—there is a nationwide clampdown on the site.
We also discussed how Tigran Gambaryan, a Binance executive was placed in custody and charged with money laudering by some regulatory bodies in Nigeria.
You may wonder how crypto traders in Nigeria still access their Binance accounts.
The clampdown on Binance has not completely stopped crypto trading. If anything, it might have made it a little more popular.
Traders have found a solution to the restrain—VPN. VPN has been one the most reliable and widely used means by which Nigerian traders can access their Binance accounts.
Also read: Lawmakers Advocate for Prompt Release of Detained Binance Executive
VPN means “Virtual Private Network.”
It is a system by which users protect their network connection and disguise their online identities.
Originally, VPN was used as a security measure—to prevent web tracking and data theft. VPN does this by turning your browsing data into illegible codes and encrypting your web address.
Now VPN is usually employed by internet users to access sites that are banned in their countries.
VPN, in fact, became more popular in Nigeria when the government banned access to Twitter in 2021.
The Nigerian government restricts access to Binance through Internet Service Providers (ISPs).
ISPs can monitor and block the websites users visit. This is how they prevent traders in Nigeria from logging into their Binance accounts.
A VPN can bypass such restrictions by masking your IP address.
If you’re connected to a VPN while browsing, your IP address doesn’t indicate Nigeria. Rather it makes it appear as if you are browsing from another country.
Thus if you connect to a VPN and select a country where Binance is supported, you can access your Binance account.
ISPs and other third parties will be unable to see which websites you visit, or access or data transmitted.
VPNs further enhance users’ security by encrypting internet traffic, ensuring that online activities remain confidential.
Yes.
Until the clampdown on Binance and other crypto sites is lifted in Nigeria, traders will be temporarily unable to login to their Binance accounts without a VPN.
A VPN gives you unlimited access to your Binance account. Without it in Nigeria, you will be unable to access even the Binance homepage.
Also read: Family Reports Health Decline of Detained Binance Executive, Tigran Gambaryan
You should be cautious when choosing a VPN to access your Binance account.
This is to avoid compromising your security while trying to access the account.
It is advisable not to use a free VPN. Free VPNs often have minimal data protection and privacy features. They may end up leaking your data or causing damage to your device with viruses.
Some of the most trusted VPNs that traders in Nigeria use to access their Binance accounts are:
Best VPNs to Fix “I Can’t Login to My Binance Account” in Nigeria | Key Advantages |
NordVPN | Guarantees privacy, with advanced encryption |
SurfShark VPN | AES-256 encryption, Kill Switch |
ExpressVPN | Advanced encryption, low subscription plans |
NordVPN is a well-known VPN with 6400+ servers in over a hundred countries. This gives users plenty of server options to choose from to access Binance.
NordVPN guarantees security and privacy, with advanced encryption and a kill switch.
It also has a Threat Protection feature, blocking Malware and other threats.
When tested, NordVPN was proven to retain “…90% of initial internet speeds on average.” This is a result of its NordLynx feature. NordVPN’s basic plan is $3.39/month.
Also read: Update: Detained Binance Executive Tigran Gambaryan Reported in Good Health, Says Nigerian Prison Service
ExpressVPN is famous for its remarkable AES-256 encryption.
With servers in 105 countries, ExpressVPN also prioritises the privacy and security of its users.
ExpressVPN comes with a kill switch to guarantee your privacy, even when the VPN connection is interrupted.
ExpressVPN is priced at $6.67/month for its basic plan. This subscription can be used on up to eight (8) devices simultaneously.
Surfshark also has servers in over a hundred countries.
Surfshark boasts of a kill switch, advanced encryption, leak protection, multi-hop servers, and “NoBorders mode.”
Surfshark’s basic plan is priced at $2.19/month, making it the most affordable of all three we’ve discussed.
Also read: Court Dismisses Binance Executive Nadeem Anjarwalla’s Rights Case
Yes, you can legally use a VPN to access your Binance account.
There are currently no restrictions on the use of VPNs in Nigeria. However, there may be some restrictions on the Binance User Policy.
Just ensure you use a verified VPN.
If you are already using a VPN, or you are in an area where Binance is supported, yet you are unable to access your account, it may be due to one of these reasons:
Why Can’t I Login to My Binance Account? | Solution |
Binance site maintenance | Wait for some hours |
Your browser cache is full | Clear your cache |
The browser you are using | Change your browser |
Your network is slow | Connect from another network |
If you can’t use Binance on Chrome and are unable to access your account, try the following solutions:
Are you tired of asking your friends, “Why Can’t I login to my Binance account on the app?”?
Perhaps you can access your account on the website, but not on the app.
Try one or all of these fixes:
Follow these steps to clear the cookies on your browser:
Also read: Binance Founder Begins 4-Month Prison Term in US
Binance is a leading trading platform worldwide.
Even with the restrictions in Nigeria, traders struggle to access their accounts.
Some of the reasons crypto gurus love Binance are:
They are both good crypto trading platforms with their uniqueness. For instance, Coinbase is beginner-friendly, while Binance offers special discounts and low transaction fees.
On the 21st of February 2024, all the cryptocurrency websites in Nigeria, including Binance, became inaccessible. Users can no longer access their accounts without the use of a VPN.
The VPNs that work with Binance are; NordVPN, CyberGhost, Surfshark, ExpressVPN, and IPVanish.
Yes, you can use a VPN to access your Binance account in Nigeria.
VPN is a powerful tool that makes internet surfing easier, more secure and more accessible.
With VPN, traders in Nigeria can access their Binance account even with the current restrictions.
No more tales of Ï can’t login to my Binance account.”
Just choose the best VPN and trade with ease.
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