How To Send Money To Nigeria With USDT.
We recently introduced USDT as a payment method on Sendcash. USDT is a stablecoin pegged to the dollar, i.e. 1 USDT equals 1 US dollar.
Fiat-backed stablecoins like USDT are the best of both worlds (crypto & fiat). They offer the functionality of OG cryptocurrencies like Bitcoin & Ethereum with a much higher level of stability.
As a stablecoin pegged to the dollar, USDT is very ideal for remittances to Nigeria. For example, say you want to send $300 from the US to Nigeria with Sendcash's USDT payment method, all you'd have to do is:
Convert your dollars to USDT via a crypto exchange like Binance or Coinbase. You'd get 300 USDT in return.
Transfer the USDT to the wallet linked to your recipient's account.
Given the fast nature of blockchain transactions, we'd receive your transfer in minutes and immediately send naira payment to your recipient. We highlight how you can buy USDT (convert dollars to USDT) on Binance & Coinbase below:
How To Buy USDT on Binance.
Step 1: Create a Binance account or log in if you already have one.
Step 2: Tap on the activity icon.
Step 3: Click on "Buy"
Step 4: Search for "USDT" among the list of crypto assets and select "USDT (Tether US)".
Step 5: Type in the amount of USDT you want to buy.
Step 6: Choose a payment method and confirm your purchase.
How To Buy & Send USDT on Coinbase.
Step 1: Create a Coinbase account or sign in if you already have one.
Step 2: Add a payment method to buy crypto assets on the platform easily.
Step 3: Then tap the "Trade" tab to buy the USDT you need.
Step 4: Select "USDT/Tether" from the list of assets that show up and make your purchase.
Step 5: Tap "Send" on the home screen and select the TRON network to send the USDT you've purchased to the copied wallet address.
Voila! That's all there is to sending money to Nigeria with USDT. Please feel free to reach out to us at support@sendcash.africa if you have any questions.
