Binance has had no naira market since March 2024, and that had not changed when we checked on 20 September 2026. You have two kinds of replacement: another P2P market, or selling directly to an app. Here is how each works and what it costs you.
Binance announced on 5 March 2024 that it was discontinuing all naira services. Naira withdrawals ended on 8 March 2024 and remaining naira balances were converted at 1 USDT = ₦1,515.13. On 20 September 2026 the naira was still absent from Binance's P2P currency list.
Binance still works for trading one crypto against another. What it no longer does is turn crypto into money in a Nigerian bank.
P2P is not gone. Bybit's P2P market had more than 1,200 live USDT to naira offers when we checked, and Remitano runs a naira P2P market and publishes trading fees of 0.375% and 0.75%.
The trade-off is the same one you knew on Binance. You are dealing with a stranger: you wait for their transfer, confirm it really landed in your account, and handle any dispute yourself. It can be the right tool if squeezing the rate matters more to you than time.
No counterparty, no waiting for a buyer. Only what each app publishes about itself, checked on 20 September 2026.
| Option | How the sale works | Where the naira lands | What it publishes |
|---|---|---|---|
| Yesa | You press sell at the naira figure on screen | Your bank, on withdrawal | Zero sell fees; median bank payout 4.7 seconds, measured across 1,700 payouts |
| Breet | Converts automatically when your deposit lands | Breet wallet, or your bank if you switch on Automatic Settlement | Publishes a selling fee of 1.5% falling to 0.5% by size |
| Monica | Converts automatically when your deposit lands | Straight to your bank | Advertises zero fees and under 60 seconds (its own claims) |
| Busha or Luno | You sell on a full exchange, instantly or with an order | Exchange balance, then you withdraw | Luno publishes 2% for instant sells and 0.10% on its order book |
The full write-up of each app, with what to watch, is in the best apps to sell USDT in Nigeria. If you want the step by step version, read how to sell USDT without P2P.
Choose the coin, and copy the address for a network your deposit screen lists. For USDT, TRC-20 is the common choice in Nigeria.
Paste the address and pick the same network on that side. Yesa shows a memo only on networks that need one.
Watch it arrive before you move the rest.
The naira amount is shown before you confirm. Withdraw to any Nigerian bank account.
No. Binance discontinued all naira services in March 2024, and on 20 September 2026 the naira was still absent from its P2P currency list.
If you want to stay with P2P, Bybit's market still lists the naira. If you would rather skip strangers and disputes, sell directly to an app: on Yesa you see the naira figure before you send, pay zero sell fees, and withdraw to your bank.
Withdraw it to the deposit address of the platform you are selling on, choosing the same network on both sides. TRC-20 is the common choice in Nigeria. Send a small test first.
It depends on the day. P2P prices are set by whoever is offering, and they move. An app shows you one figure. The honest comparison is the final naira amount for what you are selling, against the time and risk of a P2P trade.
Across 1,700 measured bank payouts on Yesa, the median payout time was 4.7 seconds. These are historical measurements, not guarantees. The on-chain part, your crypto reaching Yesa, comes first and depends on the network you send on.
Yes. Buying, holding and selling cryptocurrency is legal for individuals in Nigeria. Digital assets are recognised under the Investments and Securities Act 2025, and the Securities and Exchange Commission regulates digital asset services. Crypto is not legal tender, and profits from trading may be taxable, so keep your own records of what you buy and sell. This is general information rather than legal or tax advice; the Securities and Exchange Commission and the Central Bank of Nigeria publish the current position.
The Yesa Team. Details checked 20 September 2026. Information about other products comes from their own help pages and documentation; if you spot something out of date, tell us and we will correct it.