If you find yourself within the crypto space, you would realize that a lot of crypto traders buy Tether (USDT) to avoid volatility. USDT offers a stable way to store crypto value and also make payments.
It is the calm to the storm that other volatile coins like BTC and Solana often present.
It has become very important for every crypto trader to understand the processes involved in buying USDT in Nigeria and selling USDT in Nigeria.
Numerous channels aid with the buying of USDT in Nigeria and the selling of USDT in Nigeria.
An exchange like Mybitstore offers a two-way approach to buy USDT in Nigeria and also Sell USDT in Nigeria; they offer the P2P route as well buying or selling directly from the app.
Centralized exchanges such as Quidax, KuCoin, and OKX also provide USDT purchase options via debit cards, bank transfers, or crypto swaps. Some local vendors sell USDT via WhatsApp or Telegram groups, though this method requires extra caution to avoid scams.
Selling USDT is just as straightforward as buying it. The key methods involve
- Open your Mybitstore app and tap on Quick Buy/Sell, depending on your trading needs
- Enter the values you intend to buy or sell, like Mybitstore, and get sorted.
There is the option to rely on bank and other payment methods that are compatible with crypto trading in Nigeria.
Despite the accessibility, ease and convenience apps offer, some traders still prefer over the counter trading. This has its own risks but a lot of traders look at the competitiveness of rates.
However, when trading USDT, always prioritize security by using reputable platforms and enabling two-factor authentication (2FA). Whether you’re hodling, trading, or sending remittances, USDT remains a reliable choice for Nigerians in the crypto space.