How to Deposit Naira to your NGNT Account
When you deposit Naira into your Naira Token (NGNT) account, you are really buying NGNT at a rate of 1:1. This means that, for every 1 NGNT, you can always redeem it for 1 Naira here from us by withdrawing from your account. We have written an article to help you with how to withdraw to your bank account.
This article shows you how to deposit Naira to your NGNT Account in two easy steps:
Step 1: Select the "Deposit & Withdraw Naira" Option
After signing in, click on the menu at the top left corner of the app and select the "Deposit & Withdraw Naira" option.
Step 2: Select Bank Transfer as your deposit method.
In the "Deposit & Withdraw Naira" page, select "Deposit Naira" and select "Bank Transfer" as your payment method. Copy the Providus Bank account number displayed and proceed to your bank app to complete the transfer.
Any amount you send to the Providus Bank account will be deposited into your NGNT account on BuyCoins. You may only send to this account from one of your verified withdrawal bank accounts.
The amount you send adds up to your NGNT account and you can buy cryptocurrency with this money. Also, when you sell cryptocurrency, it's adds up to your NGNT account balance, which you can withdraw from to your bank account whenever you wish to.
Step 3: Open your bank's mobile app.
Open your bank's mobile app, go to the transfer section. Choose Providus Bank as the deposit bank and paste the account number.
Your transfer to the Providus Bank account will be immediately deposited to your BuyCoins NGNT account.
That's all! You can now proceed to buy cryptocurrency with your NGNT.