Binance has restricted access to free token rewards and airdrops for Nigerian users, prompting complaints from affected individuals who could earn up to $50 daily. This situation arises amid ongoing tensions with the Nigerian government, which has enacted measures against cryptocurrency platforms. Many users are now seeking alternative methods to access Binance, including using VPNs.
Global cryptocurrency exchange Binance has recently restricted access for Nigerian users to its free token rewards and airdrops, marking a significant development in the ongoing conflict between the exchange and Nigeria. Many users, who previously benefited from these airdrops, have taken to social media to express their frustration over the loss of this source of income that potentially offered daily earnings of up to $50.
The restricted airdrops were generally issued by Binance as rewards for completing simple tasks, which included signing up for various projects, participating in staking, or holding specific assets. Users could also receive rewards for referring friends to the platform, enhancing their earning potential considerably. However, reports indicate that Nigerians logging in to perform these tasks last week received notifications stating that they could no longer access the token giveaways.
Chike Nnadi, a Nigerian student familiar with the platform, stated, “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. Imagine being able to earn such an amount of money in a country where most people are living below the poverty line and now to have that opportunity taken away, it is frustrating.”
The dispute between Binance and the Nigerian government has been ongoing since early 2023, primarily driven by the devaluation of the naira. The government initiated a crackdown on peer-to-peer cryptocurrency exchanges, focusing particularly on Binance, leading to directives for local internet service providers to block access to the platform. This action came shortly before Binance decided to disable its peer-to-peer trading service in Nigeria.
In response to the restrictions, many users in Nigeria have adapted by turning to over-the-counter peer-to-peer exchanges or utilizing virtual private networks (VPNs) to bypass access blocks. These VPNs enable users to mask their Internet Protocol (IP) addresses, allowing them temporary access to Binance’s platform from outside the restricted area.
In summary, Binance’s recent restrictions on access to free tokens and airdrops for Nigerian users have frustrated many, particularly given the potential earnings lost in a country grappling with economic challenges. The ongoing tensions between the exchange and the Nigerian government continue to impact users’ access to cryptocurrency resources. Despite attempts to circumvent these obstacles through alternative platforms and VPNs, the situation remains precarious for crypto enthusiasts in Nigeria.
Original Source: www.mariblock.com
