how to buy usdt with naira on binance

To buy USDT with Naira on Binance, users need to create an account, fund it, convert NGN to BUSD, purchase USDT with BUSD, and finally withdraw their USDT.

Oct 25, 2024 at 07:53 am

How to Buy USDT with Naira on Binance

Step 1: Create a Binance Account

• Visit the Binance website and click on "Register."
• Provide your email address or mobile number and create a password.
• Verify your email address by clicking on the link sent to you.

Step 2: Fund Your Binance Account

• Click on "Deposit" in the top menu and then select "Fiat."
• Choose "Naira (NGN)" as the deposit currency.
• Select one of the supported payment methods, such as bank transfer or P2P trading.
• Follow the instructions to complete the deposit process.

Step 3: Convert NGN to BUSD

• BUSD (Binance USD) is a stablecoin pegged to the US dollar. You will need to convert your NGN to BUSD before you can purchase USDT.
• Click on "Trade" in the top menu and then select "Convert."
• Choose NGN as the "From" currency and BUSD as the "To" currency.
• Enter the amount of NGN you want to convert and click "Convert."

Step 4: Buy USDT with BUSD

• Once your NGN has been converted to BUSD, you can purchase USDT.
• Click on "Trade" in the top menu and select "Spot."
• Search for the USDT/BUSD trading pair.
• Click on "Buy."
• Enter the amount of BUSD you want to use to purchase USDT and click "Buy USDT."

Step 5: Withdraw USDT

• Once you have purchased USDT, you can withdraw it to your external wallet.
• Click on "Wallet" in the top menu and select "Fiat and Spot."
• Find USDT in the list of currencies and click on "Withdraw."
• Choose your preferred withdrawal method and follow the instructions to complete the process.