Welcome to this blogpost in this guide we will show you with the knowledge and steps on How to buy USDT on Binance with Naira
Before We Begin:
Requirement to buy USDT on Binance
- Verified Account Ready? Ensure you have a verified Binance account. This is crucial for ensuring your security and unlocking the full functionality of the platform.
- Mobile App at Hand? Download and install the Binance app on your compatible mobile device. This will provide convenient access to your crypto journey from anywhere.
2 Steps to Buying USDT with Naira:
1. Funding Your NGN Wallet:
- Navigate to Your Wallet: Open the Binance app and head to the Wallet section.
- Locate Your NGN Wallet: Select Spot and utilize the search bar to find NGN. Click on it to access your Nigerian Naira wallet.
- Top Up with Naira: Choose the Deposit option. This will direct you to the P2P trading section, a marketplace where users can buy and sell cryptocurrencies directly with each other.
- Find a Trustworthy Seller: Select a seller offering Naira with a positive reputation and a competitive exchange rate. Look for sellers with high completion rates and positive reviews from other users.
- Initiate the Trade: Follow the seller’s instructions for payment, which typically involve a bank transfer or other local payment methods supported in Nigeria. Once you’ve completed the payment, confirm the transaction on the Binance app.
- Receive Your Naira: Upon receiving your payment confirmation, the seller will release the Naira to your NGN wallet. This might take a few minutes depending on the chosen payment method.
2. Converting Naira to USDT:
- Locate the USDT/NGN Pair: Head back to the Binance main page and search for the USDT/NGN trading pair. This represents the market where you can buy USDT using your NGN.
- Initiate the USDT Purchase: Click on the USDT/NGN pair and select the Buy option.
- Define Your Purchase Amount: Enter the desired amount of USDT you want to purchase, ensuring it aligns with your available NGN balance.
- Review and Confirm: Double-check the current exchange rate and any applicable fees before confirming your purchase.
- Welcome Your USDT: Once your purchase is confirmed, the newly acquired USDT will be deposited directly into your Spot Wallet.
Important Note:
- VPN as a Last Resort: If you encounter issues with the NGN deposit option not loading, consider using a VPN and then relaunching the app. However, exercise extreme caution when using a VPN, and ensure you choose a reputable and secure service provider.
Disclaimer: This guide is intended for informational purposes only and should not be construed as financial advice. Always consult with a qualified financial professional before making any investment decisions. By following these steps and remaining informed, you can confidently embark on your journey into the world of cryptocurrency on Binance.