Binance has restricted access to free token rewards for Nigerian users, amid ongoing tensions with the Nigerian government. This change has caused dissatisfaction among users who previously earned up to $50 daily through airdrops and other rewards, leading them to seek alternative access methods such as VPNs.
Global cryptocurrency exchange Binance has recently imposed restrictions on Nigerian users, preventing them from accessing free token rewards and airdrops. This significant development is the latest chapter in the ongoing disputes between Binance and the Nigerian government, affecting users who previously earned substantial daily allowances through these rewards, sometimes reaching up to $50.
Reports indicate that many affected Nigerians expressed their frustrations on social media platforms after learning of the limitations imposed on their ability to participate in token airdrops. Binance typically offers these tokens as incentives for users who engage in activities such as signing up for new projects, staking test tokens, or referring others to the platform.
Last week, numerous users attempting to exploit these earning opportunities on Binance were met with notifications stating that the platform’s giveaway functionality was no longer accessible in Nigeria. Chike Nnadi, a student and frequent user of Binance, voiced his disappointment, stating, “It is a pity that for a crypto-loving country like Nigeria, our access to the industry is becoming severely limited as the days go by.”
Since early 2023, Binance has faced increasing regulatory scrutiny from the Nigerian government, particularly in response to the local currency’s rapid devaluation. In a crackdown on peer-to-peer crypto exchanges, the government instructed local internet service providers to block access to Binance, coinciding with the exchange’s halt of its P2P trading services in Nigeria.
In light of these restrictions, many Nigerian crypto users have sought alternative methods to engage with Binance, turning to over-the-counter exchanges or utilizing virtual private networks (VPNs) to bypass access issues. These VPNs enable users to mask their IP addresses, effectively allowing them to access blocked services and regain entry to the Binance platform.
The recent restrictions imposed by Binance on Nigerian users mark a significant limitation in their access to cryptocurrency rewards. This situation arises amidst increasing tensions between Binance and the Nigerian government, particularly as local regulations tighten due to economic factors. Consequently, affected users are exploring alternative methods to engage with the platform, illustrating the ongoing challenges faced within the cryptocurrency landscape in Nigeria.
Original Source: www.mariblock.com
