USDT/NGN: How To Convert USDT to Naira Cash
How To Convert USDT to Naira Cash: As the world of digital currencies continues to evolve, cryptocurrencies like USDT (Tether) have gained significant popularity. USDT, also known as Tether, is a stablecoin that is pegged to the United States dollar (USD), which means its value remains relatively stable. If you’re looking to convert USDT to Naira cash, the official currency of Nigeria, you’re in the right place. In this guide, we will walk you through the step-by-step process of converting USDT to Naira cash.
How To Convert USDT To Naira And Get Paid Fast
The first step in converting USDT to Naira cash is to find a trustworthy and reputable cryptocurrency exchange that supports both USDT and Naira transactions. Ensure that the exchange has a good reputation, offers competitive rates, and provides secure storage for your funds. An example of exchanges that support USDT and Naira is Dtunes.
Here’s how to convert USDT to Naira cash on Dtunes:
The first thing you want to do is to download the Dtunes app either on the Google play store for Android or on the app store for iOS. Then create an account if you don’t have one. It is free and it takes less than 3 minutes to create
- Log in to your account
- Click on “Trade Crypto”
- Choose “Trade Crypto”
- Select the type of Crypto you want to sell (USDT in this case)
- Enter Amount in USD
The rate is displayed and you can go ahead to sell your USDT.
Type of USDT You Can Convert to Naira On Dtunes
There are four different types of USDT, including TRC-20, ERC-20, EOS, and Algorand. TRC-20 is the version of USDT that is used on the Tron blockchain, while ERC-20 is the version used on the Ethereum blockchain. EOS and Algorand are newer blockchains that also support USDT.
Each of these USDT types/networks is different from the others and some are more advantageous than others. For example, TRC-20 is faster than ERC-20 transactions. While ERC-20 transactions take quite a few minutes, the TRC-20 ranges from just a few seconds to a few minutes.
Dtunes only accepts USDT TRC-20 so customers should keep this in mind before transacting.
Why Dtunes is Better Than Paxful And Binance
While crypto exchange platforms like Paxful and Binance offer a convenient way to buy and sell cryptocurrencies such as USDT in Nigeria, they can also be vulnerable to scams. Cybercriminals can use various tactics, such as phishing emails, fake mobile apps, or social engineering, to steal users’ login credentials, personal information, or funds. In addition, the lack of regulation and oversight in the cryptocurrency market can make it difficult to protect against fraud or resolve disputes. There’s really no central authority to report to.
There are a lot of exchanges that trade cryptocurrencies, where you can sell your USDT in Nigeria at a good rate. But you also need to be careful to make sure your assets are secure and you won’t be ripped.
Dtunes is a crypto and gift card exchange app that allows users to convert their USDT to cash in Nigeria. The platform has a user-friendly interface that makes it easy for users to navigate the platform and complete transactions easily.
This app also has the fastest payout ever! Transactions are completed in minutes and you can withdraw to any bank of your choosing.
Dtunes also has a 24/7 customer support team that is always available to assist users with any questions or concerns.
How to Buy Electricity with USDT on Dtunes
Asides from converting your USDT to Naira, you can also use it to pay your electricity bills directly using the Dtunes app.
You can also pay your TV bill, and buy airtime and data, in the comfort of your house.
All you need to do is to sell your USDT for cash on Dtunes first, and then use the cash to pay your electricity bill. It’s that simple!
Benefits of Trading on Dtunes
- Dtunes is a very safe, fast, and reliable platform.
- Payment is immediate. You don’t have to wait forever till your transaction is confirmed
- Our rates are the best. Ask around
How to Earn As You Trade On Dtunes
If you didn’t know you could earn while you trade on Dtunes, well, now you know. You can refer your family and friends to Dtunes and earn a certain percentage when they trade.
Go to Settings and share your referral tag, under “Refer and earn” to start earning today!
Earn More By Ranking High on Dtunes Leaderboard
To further motivate its users, Dtunes has put together a trade reward system that rewards users that complete a trade on the platform. For example, if you rank 1st, you win 10,000, if you rank 2nd you win 8,000, and so on.
