Introduction
Binance, founded in 2017, is a globally trusted cryptocurrency exchange known for its user-friendly interface, diverse trading options, and high liquidity. Its peer-to-peer (P2P) feature has gained popularity in Nigeria, enabling seamless USDT-to-Naira transactions. This guide walks you through the process step-by-step.
Step-by-Step Guide to Selling USDT for Naira
1. Log In to Your Binance Account
- New users: Create an account and complete verification.
- Existing users: Ensure your account is fully verified.
2. Deposit USDT into Your Binance Wallet
- Navigate to Wallet > Deposit.
- Select USDT and follow the instructions to transfer funds.
3. Access the USDT/Naira Trading Pair
- Go to Trade > Convert.
- Choose the USDT/Naira pair.
4. Place a Sell Order
- Enter the amount of USDT to sell.
- Use percentage buttons (25%, 50%, 100%) for quick adjustments.
5. Select Market Order
- Opt for Market to execute the trade at the current rate.
6. Review and Confirm
- Check the USDT amount and estimated Naira value.
- Confirm the transaction.
7. Withdraw Naira to Your Bank Account
- Navigate to Wallet > Fiat and Spot > Withdraw.
- Link your bank account and follow the prompts.
8. Complete Verification (If Required)
- Some withdrawals may need additional identity/bank verification.
👉 Need faster payouts? Explore instant USDT-to-Naira conversions here
Alternative Platforms for Selling USDT in Nigeria
Why Consider Off-Ramp Platforms?
Binance’s verification process can be lengthy for beginners. Off-ramp platforms like Dart Africa simplify trading with:
- Lower entry barriers.
- Competitive rates.
- Instant payouts.
How to Sell USDT on Dart Africa
- Visit Dart Africa’s website or download their app.
- Sign up and set a transaction PIN.
- Select Sell Coins and choose USDT (minimum $20).
- Send USDT to the provided wallet address.
- Track the transaction under Trades.
- Withdraw Naira to your bank account upon completion.
👉 Get the best USDT rates in Nigeria with Dart Africa
Selling USDT via Binance P2P
Steps for P2P Transactions
- Log in and navigate to P2P Trading.
- Browse sellers offering USDT for Naira.
- Initiate a trade by clicking Buy and entering the amount.
- Communicate payment details via Binance’s chat.
- Transfer Naira to the seller’s account.
- Confirm payment to release USDT from escrow.
Tip: New to P2P? Dart Africa offers fixed rates, eliminating negotiation stress.
FAQs
1. Is Binance safe for selling USDT in Nigeria?
Yes, Binance is a secure platform with robust P2P escrow protection.
2. What’s the minimum USDT amount I can sell?
On Binance: No fixed minimum (check seller limits).
On Dart Africa: $20 equivalent.
3. How long do withdrawals take?
Binance: Minutes to hours (depending on verification).
Dart Africa: Instant payouts.
4. Are there fees for selling USDT?
Binance charges minimal trading fees; Dart Africa offers zero hidden fees.
5. Can I sell USDT without ID verification?
No—both platforms require KYC for security.
Key Takeaways
- Binance P2P is ideal for experienced traders.
- Dart Africa suits beginners with instant, hassle-free transactions.
- Always verify transaction details before confirming.
For the smoothest experience, compare rates and choose the best platform.
Note: Cryptocurrency trading involves risk. Research and comply with local regulations.
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