Yes, to buy USDT or USDC. On 6 October 2026 Bybit announced naira bank-transfer purchases inside its app. The notice covers buying only; turning crypto back into naira still works the way it did. Here is what changed and what it means for you.
Last updated 27 October 2026. News pages are re-checked when the facts change.
You can now buy USDT and USDC on Bybit by paying naira from a Nigerian bank account, according to Bybit's own notice of 6 October 2026. The notice says nothing about withdrawing naira to your bank, so if you hold crypto and want naira, your options are the same as before: Bybit's P2P market, or sending the coin to an app that pays naira for it, such as Yesa.
Nothing on this page is financial, legal or tax advice. It explains what was announced and the options open to you; the decision is yours.
On 6 October 2026 Bybit published a notice titled Bybit Now Supports Direct Deposits with NGN in Nigeria. The notice says: "You can now buy USDT and USDC directly on Bybit using an NGN bank transfer." The route it describes is Deposit, then Buy with NGN, then Pay with Bank Transfer; you pick USDT or USDC, enter the naira amount, complete the transfer to the details shown, and Bybit says the crypto is credited "within minutes". It says the transfer can come from any bank, and that each transaction is processed by a third party it describes as regulated but does not name.
Three things the notice does not say: it does not list a fee, a minimum or a limit; it does not describe any eligibility rule; and it does not mention selling crypto for naira or withdrawing naira to a bank. Read the amount and any charge on Bybit's own screen before you confirm.
Why it is news: until this month, a review written for Nigerians described Bybit as having no direct naira bank deposit. A review published on 18 July 2026 by Rateweb put it plainly: funding was by P2P or by sending stablecoins in. The October notice changes the buying side of that picture.
If you want to buy USDT or USDC with naira on Bybit, you no longer need to find a P2P seller and wait for them. You pay a bank transfer and Bybit credits the coin. Whether its price and charge suit you is something to read on the screen each time.
The notice is about buying. If you hold USDT, USDC or any other coin and want naira in your bank, you still either sell on Bybit's P2P market to another user, or send the coin to an app that pays naira for it. Our guide to withdrawing from Bybit to a Nigerian bank walks through both.
Buying with a bank transfer leaves a clear trail of what you paid. Keep it. Gains on digital assets may be taxable, and a record of your purchase price is what lets you work out a gain later.
A new way to buy is not a reason to buy. If you were not planning to buy crypto, this notice does not change that.
Open Bybit, follow Deposit, Buy with NGN, Pay with Bank Transfer, and read the naira total and any charge before you pay. Send a small amount the first time and confirm it lands. If you would rather buy inside a Nigerian app, buying USDT with naira on Yesa shows the price before you confirm.
Option one: sell on Bybit P2P, releasing the coin only after the naira is in your bank app. Option two: send the coin to Yesa and sell it at the rate on your screen, with zero sell fees, then withdraw to any Nigerian bank. Option three: hold. How to sell crypto in Nigeria compares the routes.
Pick the same network on both sides, paste the address rather than typing it, and send a small test first. Your Yesa deposit screen lists the networks it accepts for each coin.
Today's payout rate is on the USDT to naira rate page, so you can compare it with whatever a P2P buyer offers before you decide.
Bybit's notice of 6 October 2026 says you can buy USDT and USDC with a naira bank transfer inside the app. It does not describe a naira balance you can hold, and it does not mention naira withdrawals.
No. The notice covers buying only. To get naira for crypto you hold, you sell on Bybit's P2P market or send the coin to an app such as Yesa that pays naira for it.
The notice does not state a fee, minimum or limit. The naira total is shown on Bybit's screen before you pay, so read it there.
Bybit's notice says the transfer can come from any bank. Use the account in your own name.
They are different actions. Buying on Bybit gets you crypto for naira. Selling to Yesa gets you naira for crypto, at a rate shown before you confirm, paid to any Nigerian bank. 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 27 October 2026. Facts about other companies and public bodies come from their own notices and from the named news reports on the date shown.