How to Deposit Naira
When you deposit Naira, you are buying NGNT from another user on Buycoins at a rate set by them. This article shows you how to deposit Naira and fund your NGNT Account.
You can do a Direct Transfer if you use a GTBank, Zenith Bank or Kuda Bank account. The Direct Transfer deposit method is faster.
Step 1: Select the "Deposit & Withdraw Naira" Option
After signing in, click on the "Accounts" icon and select the “Deposit Naira” option at the top of the accounts page.
Step 2: Select the Naira amount you wish to deposit
On the "Deposit Naira" page, input the amount of Naira you want to deposit. Because deposits and withdrawals are peer-to-peer, you can receive NGNT amounts higher or lower than the amount you're depositing based on the withdrawer's rate.
Select “Review Details” to proceed.
Click on "Deposit Naira after you have confirmed the Naira amount you're depositing and the NGNT amount you'll receive.
Step 3: Make payment
Confirm the amount of Naira you are depositing and take note of the NGNT amount you will receive.
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. Kindly confirm that the name on the Buycoins deposit name and the name displayed on your bank match.
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.