Best rates via USDT/USDC stablecoins
Yellow Card is Africa's largest stablecoin on/off-ramp, operating in 20+ African countries. Send USDT or USDC to Nigeria and recipients can cash out to their bank accounts at rates often better than traditional remittance services. 99% of Yellow Card's business runs on stablecoins.
Create a Yellow Card account and complete KYC
Buy USDT on any exchange (Coinbase, Binance, etc.) or use Yellow Card directly
Send USDT to Yellow Card or recipient's Yellow Card wallet
Recipient cashes out to their Nigerian bank account
Funds arrive in NGN within minutes
Yes, Yellow Card operates legally in Nigeria and is licensed by relevant regulatory authorities. They are the largest licensed stablecoin platform in Africa.
Yellow Card rates are often better because stablecoins trade on open markets closer to parallel rates. Traditional remittance services use regulated banking rates which are typically lower.
Basic understanding helps, but Yellow Card is designed to be user-friendly. You can buy stablecoins directly on their platform. USDT is pegged 1:1 to USD, so there's no volatility risk.
On average, users save 3-5% on exchange rates compared to traditional services. For a $500 transfer, that could mean an extra ₦15,000-25,000 for your recipient.