Looking to buy USDT in Nigeria? As crypto adoption grows in Nigeria, traders are looking for the safest and cheapest ways to convert NGN to Tether (USDT). This guide covers everything you need to know about buying stablecoins using Credit Card and local bank transfers.
Is Buying USDT Legal in Nigeria?
Yes, buying and trading cryptocurrencies like USDT is generally legal in Nigeria. However, you should always use regulated exchanges that comply with local financial laws to ensure the safety of your funds.
Top 3 Exchanges in Nigeria
Based on liquidity, security, and NGN support, here are the top platforms:
- Bybit P2P: Best for high volume and low fees.
- Remitano: Great for beginners with an easy-to-use interface.
- Binance / OKX: Leading global options with P2P markets for NGN.
How to Buy USDT with Credit Card in Nigeria
- Sign Up: Create an account on a supported exchange (e.g., Bybit P2P).
- Verify ID: Complete the KYC process (usually requires a passport or ID card from Nigeria).
- Deposit Funds: Select Credit Card as your payment method.
- Buy USDT: Enter the amount of NGN you want to spend (e.g., ₦100) and confirm the trade.
Fees and Limits
When using Credit Card, expect fees ranging from 1% to 3.5%. Bank transfers in NGN are usually cheaper (often free or low fixed fee).
| Method | Avg. Fee | Speed |
|---|---|---|
| Credit Card | 2-4% | Instant |
| Bank Transfer (NGN) | 0-1% | 1-3 Days |
| P2P Trading | 0-2% | Varies |
Conclusion
For the fastest transaction, use Credit Card. For the cheapest option in Nigeria, use a local bank transfer to fund your account on Bybit P2P.
