how much is usdt to naira on binance

As of May 12, 2023, the exchange rate for 1 USDT on Binance is 742.30 Nigerian Naira (NGN), with fluctuations influenced by factors like supply and demand and global economic conditions.

Oct 29, 2024 at 10:08 am

How Much is USDT to Naira on Binance?

1. Check Real-Time Rates on Binance

• Visit Binance's website or mobile app.
• Select the "Markets" tab.
• Search for the "USDT/NGN" trading pair.
• The real-time exchange rate will be displayed.

2. Factors Affecting Exchange Rate

The USDT to Naira exchange rate on Binance is constantly fluctuating, influenced by factors such as:

• Supply and demand
• Market sentiment
• Global economic conditions
• Interest rates

3. Current Exchange Rate

As of May 12, 2023, 1 USDT equals approximately 742.30 Nigerian Naira (NGN) on Binance.

4. Fees

When buying or selling USDT for Naira on Binance, the following fees apply:

• Trading fee: 0.1% (maker) or 0.1% (taker)
• Withdrawal fee: Variable based on the selected withdrawal method

5. Depositing Naira into Binance

To deposit Nigerian Naira into Binance, you can use the following methods:

• Bank transfer (P2P)
• Credit/debit card purchase
• Fiat on-ramp partners

6. Withdrawing Naira from Binance

To withdraw Nigerian Naira from Binance, you can use the following methods:

• Bank transfer
• P2P trading
• Fiat off-ramp partners

7. Tips for Getting the Best Rates

• Use limit orders to buy or sell USDT at specific prices.
• Monitor the market for fluctuations and place trades accordingly.
• Compare rates across different exchanges before making a trade.