How to Deposit Naira to your NGNT Account

When you deposit Naira, you are buying NGNT from another user on BuyCoins at a rate set by them. NGNT is pegged to the Naira, which means 1 NGNT is valued at 1 Nigerian Naira.

We have written an article to help you with how to withdraw to your bank account. 

This article shows you how to deposit Naira and fund your NGNT Account.

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 the amount of NGNT you want to purchase.

On the "Deposit & Withdraw Naira" page, select "Deposit Naira" and input the amount of Naira you want to deposit.

Take note of the "Best rate" and "You receive" details. The "Best rate" shows the most favorable rate at the time of your deposit and “You receive” shows the NGNT you get in return for your Naira deposit.

If you haven't already linked a bank account, you'll need to do so first. Here's our article on how to do this.

Select “Review Details” to proceed.

Step 3: Confirm Deposit

Confirm the amount of Naira you are depositing and the amount of NGNT you will receive. You can make changes by clicking on “Edit Details.”

Once you are certain of both amounts, click on “Start Deposit” and then "Show Deposit Information". Once you do this, you'll see the bank details to pay to; this is the bank information of another BuyCoins user who has a withdrawal request that matches your deposit.

Kindly take note of the kobo amount added to your Naira deposit. You have to send in the exact amount for us to verify your deposit.

Step 4: Make Payment

Open your bank's mobile app, go to the transfer section.

Choose the recipient’s Bank as the deposit bank and paste the account number. You have 15 minutes to make the transfer. Please ensure you make it within the allocated time.

Once we detect that your transfer is successful, your BuyCoins NGNT account will be credited. This might take a few minutes - you don't need to do anything, we'll automatically credit you once we've confirmed.

That's all! You can now proceed to buy cryptocurrency with your NGNT.

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