How to Buy Tether (USDT) in Nigeria
Introduction to Tether (USDT)
Tether (USDT) is a type of cryptocurrency known as a stablecoin. Unlike other cryptocurrencies like Bitcoin, which can have significant price fluctuations, Tether is designed to maintain a stable value. Each Tether token is pegged to a fiat currency, usually the US Dollar (USD), which means 1 USDT is approximately equal to 1 USD. This makes Tether useful for trading and transactions, providing the benefits of cryptocurrency without the volatility.
How much is 1 USDT in Nigerian Naira (₦)?
As of today, 1 USDT = 0.000000 Nigerian Naira (₦).
Market data last updated: Sep 9, 2024, 07:10 AM (GMT)
How to buy USDT in Nigeria?
One of the easiest ways to buy Tether (USDT) in Nigeria is through VALR, Africa’s largest cryptocurrency exchange by trade volume. VALR supports the deposits of Nigerian Naira (₦), which can then be used to purchase USDT on the platform.
Here's a step-by-step guide on how you can buy Tether (USDT) in Nigeria using VALR:
Step 1: Log into Your VALR Account
To get started, sign into your account by heading to VALR's website or opening the VALR app on your phone. If you don't have a VALR account, you can create one here. The verification process is straightforward and only takes a few minutes.
Step 2: Fund Your VALR Account with Nigerian Naira
Next, deposit ZAR to your VALR account. This can be done using a credit/debit card.
Select the "Deposit" menu after selecting "Wallet" and "Naira" on the website or app and choose the "Via Credit or Debit Card" option. Select USDT and continue the transaction through MoonPay.
If you’re ready to buy Tether (USDT) through VALR but don't have an account yet, sign up and get started in just a few minutes!
Common Naira to USDT Conversions
| Amount (Naira) | USDT Amount as of MMM XX, YYYY at HH XM (GMT) |
|---|---|
| 5 | X.XXXXXX |
| 10 | X.XXXXXX |
| 25 | X.XXXXXX |
| 50 | X.XXXXXX |
| 100 | X.XXXXXX |
| 500 | X.XXXXXX |
| 1,000 | X.XXXXXX |
| 5,000 | X.XXXXXX |
| 10,000 | X.XXXXXX |
| 25,000 | X.XXXXXX |
| 50,000 | X.XXXXXX |
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
