How to Withdraw From Binance to a Nigerian Bank Account

Updated

Short answer: Withdraw your USDT (or other crypto) from Binance to the deposit address in your KWIQ app, using the same network on both sides. Then swap it to naira in KWIQ, with zero fees, and withdraw to your Nigerian bank account.

Binance no longer offers naira deposits, withdrawals or naira P2P in Nigeria, so to get your money into a Nigerian bank you need to move your crypto to a platform that pays naira. Here's how to do it with KWIQ.

Step 1: Get your KWIQ deposit address

  1. Download the KWIQ app and sign up.
  2. Open the wallet for the coin you're moving, for example USDT.
  3. Copy your deposit address and note the network shown with it.

Step 2: Withdraw from Binance

  1. In Binance, go to your wallet and choose Withdraw, then Crypto (menu names can differ slightly between app versions).
  2. Select the coin, for example USDT.
  3. Paste your KWIQ address.
  4. Select the same network your KWIQ app showed.
  5. Enter the amount, check the network fee and what will arrive, then confirm with Binance's security checks.

Tip: the first time, send a small amount and wait for it to arrive before sending the rest.

Step 3: Sell for naira and withdraw

When the deposit shows in KWIQ, swap it to naira (crypto-to-naira swaps are free) and withdraw to any Nigerian bank account.

Check what you'll get first: USDT to naira rate today · Bitcoin to naira rate today.

Common mistakes

  • Wrong network. The most common way people lose funds. Match it exactly.
  • Missing memo or tag. Some coins need one. If your KWIQ deposit screen shows a memo, enter it on Binance too.
  • Copying the address by hand. Always paste it, then check the first and last characters.

Using another exchange? See Bybit to Nigerian bank or Trust Wallet to Nigerian bank.

Frequently asked questions

Can I withdraw naira from Binance to my Nigerian bank?

Binance stopped supporting the naira in 2024, so you can't cash out to a Nigerian bank directly. Send your crypto to an app that pays naira, such as KWIQ, and withdraw from there.

Which network should I use to send USDT from Binance to KWIQ?

Use whichever network your KWIQ USDT deposit screen shows for your address, and select that same network on Binance. If they don't match, your funds can be lost.

How long does a Binance withdrawal to KWIQ take?

Usually minutes, depending on the network and any Binance security checks. Once KWIQ receives it you can swap to naira and withdraw straight away.

Does KWIQ charge a fee?

Swapping crypto to naira on KWIQ has zero fees. Binance charges its own network fee for the withdrawal, shown before you confirm.

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