Are you a crypto trader who would like to buy USDT in Nigeria?
Look no further because you are going to discover how to buy USDT in Nigeria from our amazing Nigerian platform safely and securely without a third-party and the Nigerian government breathing down your neck.
USDT is the largest and most widely used stable coin in the cryptocurrency industry, as well as one of the most valuable cryptocurrencies in terms of market capitalization.
Stablecoins are a form of cryptocurrency with a fixed price that is generally tied to the price of a fiat currency.
The price of the USDT is linked to the price of the US dollar. Many large cryptocurrency exchanges, like Shift, use USDT as a principal trading pair currency, allowing traders in Nigeria to avoid price fluctuation without having to convert their coins into fiat.
Because it can be redeemed for US dollars, USDT can be a valuable tool for avoiding the sometimes severe volatility of cryptocurrency markets.
For example, by transferring assets to USDT, you may limit your exposure to a rapid decline in cryptocurrency prices. Having USDT (rather than the US dollar) can help eliminate transaction costs and delays that impede trade execution in the cryptocurrency market.
USDT may be purchased in a variety of ways. However, many people feel that purchasing it through a reputable Nigerian exchange, such as Shift, is the most convenient option.
Aside from having one of the lowest fees in the market, Shift is consistently ranked as one of the world’s most secure and reputable cryptocurrency exchanges in Nigeria. This is significant because if you lose the private key to your USDT, recovering your cash might be difficult, if not impossible.
We take security seriously at Shift, with tried-and-true technology and stringent protocols in place to protect money. When it comes to security, we don’t cut shortcuts, and you shouldn’t either.
- Select Create New Account.
- After entering your information and signing up, you must validate your email address.
- After you’ve verified your identity, choose your security options.
- Submit your KYC and wait for verification before trading.
- Navigate to Account Settings > Payment Options > Add a Bank Account.
- You may now buy USD using the “Buy” forms to purchase USDT from NGN.
- Click on any open orders to buy at that price and amount to purchase straight from open/available orders. And then, to make an order, click on the Buy button.
Once you’ve bought USDT on Shift, you’ll need a secure location to keep your cryptocurrency.
Although Shift is secure, it is always safer to keep your USDT in a wallet, which is a software or hardware device that contains the public and private keys necessary to perform crypto transactions in Nigeria.
There are several kinds of USDT wallets accessible in Nigeria. Mobile and online wallets can facilitate transactions, but hardware wallets may be better suited for safe, long-term storage.
When selecting a crypto wallet for your USDT, first consider what you want to accomplish with your tokens in order to locate a wallet that meets your requirements.