Stablecoins

How to Transfer Tether USDT to Your Nigerian Bank Account

Oluwaferanmi Famuyiwa
3 min read
How to Transfer Tether USDT to Your Nigerian Bank Account

Learn how to easily transfer Tether (USDT) to your Nigerian bank account using Bitnob with this simple, step-by-step guide. Get your earnings in Naira today!

Tether USDT like a haven has brought stability to the digital currency world. It’s often believed that if you want to stay stable in the digital currency world, USDT is what you need. What made USDT stable over every other digital currency is its link to the US dollar. The tether company made USDT to fix the big volatility problem in the digital currency world. To do this, they ensured that for every USDT in circulation, there was a real US dollar in the bank to back it up. For USDT, the goal is to always maintain a 1:1 value with the US Dollar.

Furthermore, Tether USDT is accessible as a digital currency. However, in Nigeria, one of the most convenient ways to enjoy the world of digital currency is by converting USDT (Tether), to Naira and transferring it directly to a Nigerian bank account. While this may sound complex at first,  Bitnob has helped to simplify the process, making it more accessible to everyone, regardless of their technical expertise. Bitnob offers a seamless method for transferring Tether (USDT) into Nigerian bank accounts, allowing users to access their funds with ease and convenience. 

In this article, we’ll discuss how to transfer tether USDT to your Nigerian bank account using the Bitnob App. We'll break it down into clear and simple steps, ensuring that you can follow along regardless of your experience level.

Bitnob: How to Receive Tether USDT in Nigeria 

Whether as a freelancer, entrepreneur, or digital nomad who has international clients, receiving tether USDT on the Bitnob App is easy and seamless. Let’s show you how

  • Open the Bitnob app
  • Tap the “Actions” tab at the bottom of your home page
  • The app actions will pop up on your screen
  • Tap “Receive”
  • Tap “USDT”
  • Tap “USDT (TRC20)”
    • Please note that you can only receive from an external wallet on the TRC20 network, for now.
  • Scan or copy the USDT (TRC20) address and share it with your friends, family, and clients.
  • Your funds will be received in your USD Wallet.

Bitnob: How to Transfer USDT to Your Nigerian Bank Account

Once your funds have been deposited into your USD wallet, it’s time to withdraw into your Nigerian bank account. Doing this is also as seamless as receiving it. 

  • In the Quick Links section, tap “Withdraw”.
  • Choose the local Nigerian currency account number to which you want to withdraw.  (P.S., you must have added this account number to your Bitnob account).
  • Fill out the amount in USD or NGN—you will get the equivalent of both either way.
  • Initiate your withdrawal by tapping “Confirm” and entering your PIN.
  • You just converted your USDT to the Nigerian Naira.

With this comprehensive guide, you can now successfully receive tether USDT and also seamlessly transfer it to your Nigerian bank account on the Bitnob App. Bitnob offers transparency in all its transactions and all your funds and data are protected with industry-standard security measures. Download the Bitnob app now and start transferring money with speed and confidence.