Sell crypto for naira in Nigeria

What you get when you sell crypto on Nata

Most people in Nigeria who want to turn crypto into naira end up on a peer-to-peer market. A P2P trade usually means waiting for a buyer, haggling over the price and sitting through escrow before anyone releases funds. Nata removes all of that: the price is fixed on screen before you send, the deposit is detected automatically, and the credit to your balance happens without a person on the other side.

The rate works the same way for every coin. Nata takes the coin's live dollar market price, refreshed every two minutes, and multiplies it by its own naira-per-dollar rate. USDT and USDC are valued at exactly one dollar, so a stablecoin sale pays the full naira rate with nothing shaved off. Coins that move in price, such as Bitcoin, Ethereum and Solana, carry a small margin on the dollar value to cover swings between the moment you send and the moment the chain confirms. That is why a stablecoin is the cleanest way to lock in a figure.

Where the naira goes

Your sale lands in a dedicated crypto balance inside your Nata account. From there you can do two things. The first is to move it to your main wallet for free and spend it immediately on data, airtime, electricity, TV, exam PINs or betting, which is what many customers do. The second is to withdraw it to a Nigerian bank account. Withdrawals start at ₦1,000, carry a flat ₦50 fee, need a one-time identity verification before the first one, and are reviewed before they are paid out. Keep that review step in mind when you plan: the credit to your balance is automatic, the bank leg is not instant.

Networks and addresses

Each coin is accepted on specific networks, listed in the table above and on every coin page. When you pick a network, the deposit address you get is for that network only. Sending USDT on Ethereum to a Tron address, for example, is the single most common way people lose coins anywhere, so match the network in your sending wallet to the one you chose on Nata before you confirm. Tron (TRC20) and Solana are the cheapest and fastest for stablecoins; Bitcoin is the slowest because the Bitcoin network itself takes longer to confirm.

Coins you can sell

Nata buys ten coins: USDT, USDC, Bitcoin, Ethereum, BNB, Tron, Solana, Litecoin, Dogecoin and XRP. Each has its own page with today's rate, the accepted networks, the minimum amount and worked examples: Sell Tether, Sell USD Coin, Sell Bitcoin, Sell Ethereum, Sell BNB, Sell Tron, Sell Solana, Sell Litecoin, Sell Dogecoin, Sell XRP.

Custody runs through a licensed Nigerian exchange partner, Quidax, so the addresses you deposit to are real exchange wallets rather than a private individual's. Crypto is legal to hold and trade in Nigeria, and the Securities and Exchange Commission licenses exchanges; Nata's partner holds that licence.