Theoretically, stablecoins like USDT are better suited for everyday payments than cryptocurrencies like Bitcoin due to their relative market stability and ease of accessibility. In 2024, that theory held its ground, as stablecoins recorded a transaction volume of $27.6 trillion, 7.7% more than the combined volumes of payment stalwarts Visa and MasterCard. 

USDT accounted for almost 80% of the stablecoin trading volume, buttressing the growing popularity of USDT for crypto payments. Therefore, you’re in good company if you’re in Nigeria looking to use USDT for payments. This post explains how to receive USDT in Nigeria. 

3 ways to receive USDT in Nigeria

The first step to receiving USDT in Nigeria is downloading the Crane app. Crane is a blockchain-powered financial app for receiving payments from international clients. It’s suitable for crypto newbies and veterans alike. 

Crane offers three ways to receive USDT in Nigeria, as listed below:

1. Bank Direct: Receive USDT in your Naira Bank Account

Bank Direct is the answer to “How to withdraw USDT to a Nigerian bank account.” It lets you receive USDT as naira directly into your Nigerian bank account without manual conversions. Once you send your USDT wallet to your client, Crane will automatically convert the USDT to naira and send it to your preferred Nigerian bank account in seconds. 

Bank Direct works like this: send your USDT wallet ID to your client > receive the USDT’s naira value in your Nigerian bank account. 

To use Bank Direct to receive USDT payments on Crane, do the following:

• Click “receive” on the Crane app homepage:

• Select the Bank Direct option: 

• Choose your preferred bank. 
• Select USDT as the digital asset you want to receive: 

• Share the USDT address with your client. Ensure the network type matches the sender’s. 

You must add your designated bank account before using Bank Direct to receive USDT. Click the button below to read the step-by-step guide for setting up Bank Direct 👇🏾

2. Regular Crypto Deposit: Receive and Save USDT in a Digital Wallet

Have you been searching Google for “Which wallet is best for USDT in Nigeria?” Then Regular Crypto Deposit on Crane is what you need. 

The option lets you receive USDT in Crane’s digital wallet and save it as long as you want. It works like this: send USDT ID to client > receive USDT in digital wallet > convert to naira whenever you want. 

To maximize USDT gains, we provide Auto-Convert, which automatically converts crypto to naira at a predefined market value. It’s highly recommended that you configure Auto-Convert if you plan to use Regular Crypto Deposit as the default way to receive USDT on Crane. 

We also provide discount cards for USDT to naira conversions. All Crane users have access to discount cards.

Follow the steps to receive USDT with Regular Crypto Deposit: 

• Click on “Receive” on Crane’s homepage. 
• Select Receive Crypto Deposit. 
• Select USDT as the digital asset you want to receive
• Send the network type (ERC 20, TRC 20, or BEP 20) and send your wallet address to your client
• Receive USDT in your digital wallet in seconds. 

3. Request Payroll: Remind Clients and Receive USDT in Minutes

Every freelancer and business owner understands the importance of generating invoices. Invoice generation helps you remind your clients at the scheduled time and tracks your revenue.

Request Payroll is an invoice generator and payment system. It allows you to send reminders to clients with your wallet address to receive payments. Here’s how to use Request Payroll to receive USDT on Crane:

• Click “Receive” on the Crane app homepage.
• Select Request Payroll. 
• Create a payroll with your client’s name, email, and the USDT network and address to receive payments. 

What’s the best network to receive USDT in Nigeria?  

Speed, security, and transaction fee affordability are the main factors influencing the blockchain networks. 

Crane supports the following networks for USDT payments:

1. Binance Smart Chain (BEP-20)

It’s built on the Binance chain. It’s cost-effective and offers fast transactions. 

2. ERC-20

It works on Ethereum and supports several crypto wallets, including Crane. It’s highly secure, suitable for high-volume transactions. The transaction speed is slower compared to BEP-20 and TRC-20. However, its transaction fees are high. 

3. TRC-20

It works on the TRON blockchain. Its transaction costs are significantly low, and its high transaction completion rate makes it ideal for quick crypto transfers. 

BEP 20 vs ERC 20 vs TRC 20: How they compare

FAQs about how to receive USDT in Nigeria 

1. How do I convert my USDT to naira in Nigeria? 

You can use the Crane app to receive and convert USDT to naira in Nigeria. To convert USDT to naira on Crane, do the following: 

• Click “Convert” on the Crane app homepage.
• Select Tether as the digital asset you want to convert.
• Input the value (in USDT or $) you want to convert.
• Activate the discount card to enjoy 25% off the conversion fee.

2. How do I accept USDT payments?

Crane offers three ways to accept USDT payments in Nigeria: Bank Direct, Regular Crypto Deposit, and Request Payroll. 

Bank Direct lets you receive the naira value of USDT into your bank account. Similarly, Request Payroll and Regular Crypto Deposit help you receive USDT in a digital wallet. 

3. Can I buy USDT on Crane? 

Crane is an off-ramp service for receiving and converting crypto to naira. We don’t provide the option to buy cryptocurrencies.