Today on KWIQ: 1 USDT = ₦1,357.04 · 1 BTC = ₦99,746,484
All rates →Crypto in Nigeria: statistics from KWIQ’s sales
In October 2026, Bitcoin made up 74.1% of the crypto Nigerians sold on KWIQ by value and USDT 10.3%, and 95% of naira payouts went to fintech accounts rather than commercial banks.
October 2026 at a glance
- 74.1%of crypto sold by value was Bitcoin
- 10.3%of crypto sold by value was USDT
- 95%of naira payouts went to fintech accounts
- 4 secondsmedian time from sale to payout
- 72%of USDT arrived on BEP20
- 9.6%of sales came from first-time sellers
The busiest day was Friday, and the busiest hour 5pm to 6pm.
How 2026 has gone, month by month
View as a table
| Month | Bitcoin | USDT | Ether | Paid to fintech accounts |
|---|---|---|---|---|
| October 2026 | 74.1% | 10.3% | 5.8% | 95% |
| September 2026 | 75.6% | 12.8% | 1.6% | 99.5% |
| August 2026 | 69.1% | 28% | 0.5% | 97.3% |
| July 2026 | 80.6% | 16.4% | 1.4% | 96.8% |
| June 2026 | 88.2% | 4.2% | 2.1% | 95.2% |
| May 2026 | 86.5% | 3.1% | 3% | 92.3% |
| April 2026 | 85.8% | 2.6% | 3% | 90.1% |
| March 2026 | 92.1% | 5.3% | 1.7% | 96.1% |
| February 2026 | 84.7% | 9.4% | 3.9% | 98.3% |
| January 2026 | 94.3% | 1.6% | 2.3% | 96.3% |
Shares of crypto sold on KWIQ by value in each month.
What these figures are, and aren’t
These numbers come from anonymised sales on KWIQ, so they describe KWIQ’s customers, not every crypto user in Nigeria. We publish percentages and rates only, never amounts of money or anything about individual people. KWIQ doesn’t record which state users live in, so there’s no breakdown by location.
Each month has its own report with the full figures and a “How we measure” section listing its limits, starting with the latest report. Journalists and researchers are welcome to quote them: please credit “KWIQ Naira Crypto Report” and link to the month you use. Our press page has more.
Selling crypto for naira?
KWIQ shows the exact naira amount before you sell, with zero fees on crypto-to-naira swaps.
Frequently asked questions
Do these statistics cover all of Nigeria?
No. They come from anonymised sales on KWIQ, so they describe KWIQ’s customers.
Can I quote these figures?
Yes. Please credit “KWIQ Naira Crypto Report” and link to the month you use.
Which crypto do Nigerians sell most on KWIQ?
Bitcoin has made up the largest share by value in every month of 2026 so far.
How often is this updated?
Once a month, when the new KWIQ Naira Crypto Report is published.
