Hey guys, it’s Smart here, and today I’ll work you through on how to create a Binance account and buy USDT/Dollars with Naira via Binance P2P. Inflation is still a big problem worldwide, with some currencies losing over 50% of their values. And some people believe that this could continue becoming worse with the Naira currency against the dollar.
To avoid your Naira losing value, one effective approach is to convert, save, or do your transactions with the dollar, either as dollar cash or via USDT, which is equivalent to the US dollar.
There are two major ways to buy and save money in Dollars instead of Naira.
Two Ways To Save Your Money In Dollars or USDT
- Buy dollar cash from the black market and save it in your Domiciliary account
- Buy USDT with your local currency via P2P on Binance
1. Buy dollar cash from the black market and save it in your Domiciliary account
To buy dollars from the black market, you can go to any black market within your area. And when you become customers with some of the exchangers, you can comfortably buy dollars from home and have them send the dollars to your Domiciliary account without moving an inch. This guide explains all about buying dollar cash from the black market and the necessary precautions to consider.
[ads]2. Buy USDT with Naira via P2P on Binance
The second method of saving Naira or converting Naira to dollars is buying USDT with Naira via P2P on Binance.
In this Wiki Freelancing guide, you will see how you can use your Naira to buy USDT (which is the same as dollars) on Binance. Here are the seven important tips that will help you buy and sell your USDT on Binance without making any beginner mistakes.
» MORE: Tips and Mistakes to avoid when using Binance P2P
How to buy USDT on Binance with Naira
- Create a Binance account
- Buy USDT with Naira via P2P
How to create a Binance account
Everything is pretty straightforward. And if you’re in Nigeria or in any country that bans crypto, you don’t have to use your ATM card to do crypto-related transactions.
[ads]Again, even if you don’t know anything about crypto, I don’t want you to fret a second because I got your back on this smart move.
Here are the simple steps to create a Binance account:
- Click here to create a Binance account
- Click on the register button
- Sign up with Google, Apple, or Email and password
Here, you can choose to sign up with Google or Apple. Or you can click on this first option to sign up with your email and password.
For the referral code, please use this: CPA_00DALQH5Q9
» MORE: How To Make 6-figure Income With Amazon Publishing – Secret To Success
How to Verify your Binance account – ID Verification
After creating an account, I recommend you verify it right away. It’s important to complete the Binance Identity verification to increase your limits of trading and transactions. You just have to hover over your profile menu and go to the identification. Here you’ll upload any of your IDs to get verified. Follow the steps below to do your Binance Identity Verification.
[ads]
Step 3: Select your country
In selecting your country below, ensure that the country selected corresponds with the content of the ID card you want to use for the Binance ID Verification.
[ads]
Step 4: Insert your personal information
Step 5: Select the type and upload the ID card you want to use
Step 6: Take a selfie and upload it to get verified
[ads]
How to Buy USDT with Naira on Binance via P2P
After verifying your Binance account, you can start buying cryptocurrencies.
Now, it’s important to clarify that USDT is a stable coin. And this means that it is always at the same value as a US Dollar. And even if you want to buy other cryptocurrencies, you can use your USDT to do that or even convert your USDT to Bitcoin, Ethereum, and other coins without any charges.
[ads]Now, some countries, such as Nigeria, banned the use of crypto. And this means that when you buy crypto with your bank card, you’ll have severe issues with your bank account.
And this is why P2P was established.
So, with the P2P method, you’ll transfer your money locally to the person you want to buy from, and they’ll confirm it and release the crypto you bought. So, I don’t want you to see it as a complex method because it takes only a few minutes. Follow the straightforward steps below to buy your USDT on Binance via P2P.
» MORE: 63 Fantastic Reasons To You Should Start Freelancing Today
- Go to the Binance P2P page
- Insert your amount and currency
- Select from the list of buyers
- Click on the “Buy USDT” button
- Transfer Naira to the seller’s bank account
- Click on the Transferred button to notify the seller
- Send a message to the seller
After clicking on the Transferred button to notify the buyer that you have successfully transferred the money to their accounts, you’ll wait for a few minutes for the seller to release the coin you bought.
[ads]The Bottom Line
One method of buying dollars with Naira is through the black market, where you buy the dollar cash and deposit them into your domiciliary account. The second method is to buy USDT (Theta) on Binance or any other crypto platform. The USDT is a stable coin and equivalent to dollars. So, ten US dollars is the same as 10 USDT.
To buy the USDT coin on Binance, you should create an account on Binance, verify your account, and get on to buy the USDT coin with Naira or your local currency using P2P method. Also, check out these important tips and mistakes to avoid when using Binance P2P.
Thx!
I heard BTC is at the starting point of its uptrend. I’ve not done anything crypto before now, but this info has helped me know my way around.
Excellent post!
Very helpful steps
Perfect guide for me. I hope I can sell the USDT when I want to and the funds will come directly to my bank account.
Sure! When you want to sell your USDT, quickly go to Binance P2P to set up the account you want buyers to transfer Naira to. Then, sell the amount you want and get your funds into your bank account. Ensure to confirm that you’ve received the credit alert before releasing the crypto to the buyer who would claim they’ve made payment. Best of luck!