Depending on your method of exchange, trading cryptocurrencies for cash in Nigeria might be quick and secure. There are several ways to exchange USDT in Nigeria; in this article, we’ll talk about one of the simplest and safest methods. But first, let’s talk about USDT as a kind of crypto asset. To do this, we need to know what stable coins are.
A stable coin is a sort of cryptocurrency whose value is based on a more reliable asset. Stablecoins are typically connected to a fiat currency, such as the US dollar, but they can also occasionally be linked to other cryptocurrencies or precious metals. Compared to other cryptocurrencies like Bitcoin, which in the current market might suffer a 10% upward or negative swing in value within a day, stablecoins have little to no volatility.
What Is Tether (USDT)?
There are various kinds of stablecoins, but USDT (Tether), with a live market cap of $66,164,513,166, is the most valuable decentralized stablecoin.
Because they are anchored to a fiat currency, tether tokens are known as stablecoins because they provide price stability. This presents a low-volatility exit strategy for market positions to traders, merchants, and funds. Each Tether token is paired 1:1 with an equivalent amount of fiat money. Tether was developed to provide USDT consumers with transparency, stability, and cheap fees while bridging the gap between fiat currencies and blockchain assets.
According to its website, Tether (USDT) has the majority of its assets in cash and cash equivalents, short-term deposits, and commercial paper, meaning that for every USDT, Tether should have a dollar on hand.
Trade USDT In Nigeria
Due to the government’s ban, there are few options to trade USDT or any other cryptocurrencies in Nigeria. You have three options for selling your USDT in Nigeria: a P2P exchange platform, an over-the-counter exchange platform, or a barter trade with someone who is interested in buying your USDT in exchange for cash. A P2P exchange platform and an over-the-counter exchange platform appear to be the three ways’ most secure alternatives.
Binance P2P is a well-known illustration of a P2P exchange platform; over time, it has shown to be safe, in large part because of the platform’s high level of security and the critical use of escrow services.
Using over-the-counter exchange services is another way to exchange USDT in Nigeria. This is almost like selling your cryptocurrency to a stranger or a thief, except instead you are selling to a reputable site. In Nigeria, Over-The-Counter Exchange services are common, and Dart Africa is one of the best.
The most popular bitcoin exchange site in Ghana and Nigeria is called Dart Africa. We provide one of the best exchange rates for cryptocurrency trading on the market; you can use our coin calculator to check the Naira value of your USDT without having to make a deal.
Visit their website or download their app from the Google Play Store to use the service.
Why Choose Dart Africa?
We provide a favorable conversion rate for all cryptocurrencies that are accepted.No matter how tech-savvy our users are, they can easily use our platform.We make sure that our customers receive their money on schedule. After the cryptocurrency transaction has been confirmed, funds are released shortly after.We accept a variety of cryptocurrencies, including;
Bitcoin, Ethereum, BUSD, USD Coin and USDT Tether
How to Trade USDT on Dart Africa — Trade USDT In Nigeria
Use your login information to access your account, or if you don’t already have one, register for one.Toggle the toolbar icon ( three straight vertical lines in the top left corner). You may access this from your account dashboard.Tap Sell Coins.In the coin column, choose USDT as the cryptocurrency you want to sell.The USDT volume you intend to trade will be presented in columns along with the matching USD and Naira values. Please take note that the minimum amount of USDT or any other cryptocurrency you can sell is $20.Press the Sell Coins Now button.A QR code and wallet address will be issued. By manually entering the address or by scanning the QR code, you can transmit the cryptocurrency amount that you chose in the previous stage. After payment is confirmed, your account will be promptly credited.