How Much is 100 USDT to Naira Today; USDT is a cryptocurrency known as a stablecoin, and it has gained popularity among crypto traders and investors. This digital asset is referred to as a stablecoin because its value is designed to remain relatively constant, pegged to a stable asset; US dollar.
This stability makes USDT a favourite in the world of cryptocurrency, offering traders a reliable store of value in the volatile crypto market.
Buying USDT (Tether) in Nigeria
Buying USDT (Tether) in Nigeria is a simple process. Here are basic steps to help you get started:
- Choose a Reliable Exchange: Start by choosing a trustworthy cryptocurrency exchange that supports USDT.
- Create an Account: Register for an account on your chosen exchange. You’ll need to provide some personal information, complete identity verification (KYC), and set up two-factor authentication for security.
- Fund Your Account: After your account is verified, you’ll need to deposit Naira (NGN) into your exchange account. This can usually be done through bank transfers, card payments, or other payment methods accepted by the exchange.
- Place an Order: Once your account is funded, you can navigate to the trading section of the exchange. Look for the USDT trading pair, which could be USDT/NGN. Then, place an order to buy USDT.
- Confirm the Purchase: After placing your order, make sure to double-check the details and confirm the purchase. Your account balance will be updated with the USDT once the order is executed.
- Transfer USDT to Your Wallet: It’s recommended to transfer your USDT to a secure cryptocurrency wallet for added security. .
Remember that the cryptocurrency market can be highly volatile, so it is necessary to do your research and consider your risk tolerance before buying digital assets.
Also Read: How Much is 2 BTC to Naira?
How Much is 100 USDT to Naira Today
When it comes to selling USDT in Nigeria, Dart Africa stands out as the top choice for many. They have earned a reputation as the best platform thanks to a combination of factors that make the process smooth and reliable.
One of the key reasons is their competitive rates, making sure that sellers get the most value for their USDT. The fast payout system is another major advantage, making it convenient for users to access their funds quickly when needed. Moreover, the platform’s user-friendliness makes the entire process straightforward, even for those new to cryptocurrency trading.
As of today, 100 USDT is worth ₦100,000 on Dart Africa.
To trade USDT for Naira on Dart Africa, follow these steps:
- Visit Dart Africa website (dartafrica.io) or download their mobile app. Both options provide a seamless experience.
- Complete the registration process, and once you’re logged in, you’ll be prompted to create a transaction PIN for added security.
- Within your account, navigate to the “Sell Coins” section. Here, select USDT as the cryptocurrency you want to sell. Make sure that the amount you wish to sell is in USD and meets the minimum requirement of $20.
- Click on the “Sell Now” button. This action will generate a barcode for your transaction and provide you with a wallet address. This address is where you will need to send the specified amount of USDT.
- Use your cryptocurrency wallet to send the indicated amount of USDT to the provided wallet address.
- Keep an eye on the “Trades” section on your dashboard to monitor the progress of your transaction. You’ll be able to see when the transaction is confirmed.
- Once the transaction is complete, and the equivalent amount in Naira is available, you can proceed to withdraw your funds to your local bank account. Simply click on the “Withdraw funds” option to initiate the withdrawal process.