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Being the third highest ranking cryptocurrency by market cap in the world, we can’t deny the growing popularity of the stablecoin. It has rapidly gained some ground in Nigeria as well, as more people are investing in it daily. As investments go, there comes a time when you want to sell them off or even a small percentage and convert them to your local currency. In this article, we’ll discuss how to convert Tether USDT to Naira.
What is Tether (USDT)?
Launched in July 2014 by Realcoin, USDT is one of the most popular cryptocurrencies in the world. In November 2014, It was relaunched as Tether, and in February 2015, it started trading.
Tether is a stablecoin, which is tied to a fiat currency, the US dollar. This means that USDT maintains the $1 mark.
Initially, Tether was based on the Bitcoin blockchain. Still, it now supports Bitcoin’s Omni and Liquid protocols and Ethereum, Solana, TRON, EOS, OMG Network, Algorand, and Bitcoin Cash (SLP) blockchains.
Compared to its inception, USDT has gained much popularity, and it is currently the largest cryptocurrency by market cap ($67 billion), behind Bitcoin and Ethereum.
It has gained much popularity in Nigeria, and Nigerians have found a new way to do many things with the crypto coin. So, there is a need to enlighten the people on the best way to convert their Tether USDT to Naira. First, we’ll start with the best site to sell USDT in Nigeria.
Best Site To Sell Tether USDT in Nigeria- Breet App
Breet is a crypto exchange platform where users can instantly sell their crypto, convert it to cash, and withdraw to their native bank account. Selling your USDT is easy on Breet and only takes a couple of minutes.
Unlike the peer-to-peer exchange method most crypto exchanges use, Breet is an over-the-counter (OTC) exchange app.
With this, selling your crypto on Breet is much easier and risk-free. You do not have to worry about intermediaries getting involved, as you are guaranteed complete privacy during the process.
Breet App also offers three different USDT wallet types for you to pick from. They are:
- USDT (ERC20)
- USDT (MATIC)
- USDT (TRC20)
With Breet, you get free crypto wallets which can receive crypto from anywhere in the world. Other cool features of Breet include:
- Instant withdrawal to your local bank account for free
- No deposit fees
- No hidden charges
- Crypto Glossary
- Latest crypto news section
- Reward points for every transaction, which you can redeem for cash or airtime
- Rate calculator
- Referral code
In addition to all these fantastic features, Breet is known for its super clean layout, which is easy to navigate and easy on the eyes.
Breet is not limited to USDT alone as you can also trade cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Bitcoin Cash and Litecoin.
It is currently available in Nigeria and Ghana and has plans to expand to other countries in Africa soon.
For more help and support, you can reach out to a representative at firstname.lastname@example.org or Call/Whatsapp at 08090569499.
How To Convert Tether USDT To Naira on Breet App
Selling your USDT on the Breet app is simple and only requires a few steps, as shown below.
- Log in/Register
- On the home dashboard, select TETHER, which then opens up the Tether trade page.
- Select your preferred USDT network out of the options shown.
- Generate wallet address
- Send wallet address to the sender (you can do this by copying your address to your clipboard and pasting it or having the sender scan the QR code displayed).
- Once the sender sends the USDT, after a minimum of 3 confirmations from the blockchain network (which you can track on your end), the naira value of the amount sent will be automatically shown.
- If your “automatic settlement” feature is turned on, you will immediately receive your naira equivalent in your local bank account. If it is not turned on, select the option to withdraw.
If you are looking for the best site to convert your USDT to Naira, Breet is your perfect choice. With a customer-centric layout, you are guaranteed a seamless trading experience from the start to the end.
Because transactions only take minutes, there are loads of other features to keep you glued and engaged on the app, as mentioned earlier.
Selling your crypto does not have to be a long and tedious process. Get started with Breet today.
It is available on both Android and IOS.