How to sell USDC in Nigeria
- Step 1
Check USDC is eligible to sell
Read the supported catalogue before planning a sale. Eligibility is per asset and per network, and can change.
- Step 2
Select USDC and the amount
Open Sell, choose USDC, and enter the amount. Note any minimum shown if you will fund the sale externally.
- Step 3
Choose the funding path
Use an available ebitpoint USDC balance, or send from an external wallet. Follow only the instructions for the option you chose.
- Step 4
Read the naira payout and bank destination
Check the USDC amount, the naira figure, and the saved Nigerian bank account together before creating the order.
- Step 5
Send on the exact network the order names
USDC exists on several networks. Match the order's network, not your wallet's default, and keep the transaction hash.
What USDC is
USDC is a stablecoin issued by Circle that aims to stay worth about one US dollar. It plays the same role as USDT for most people: a way to hold value in something dollar-denominated without a dollar bank account.
The two are not interchangeable at the network level even though they behave similarly in price. They are separate tokens with separate issuers, and an order created for one is not satisfied by sending the other.
How USDC and USDT actually differ
The visible difference for a seller is small: both track the dollar, and both are priced into naira the same way. The differences are in who issues them and how they report on the reserves backing them, which matters more for someone holding a large balance long-term than for someone selling this week.
What does not differ is the care a transfer needs. USDC is issued on several networks, exactly like USDT, and the same mistake is available: sending on a network the order did not name.
Network and fees
Your order names one network. Send on that one. A transfer on a different network does not arrive, confirms anyway, and needs manual recovery that is neither quick nor guaranteed.
Network fees vary widely between networks for the same transfer. On small amounts a fixed fee can take a noticeable share of the sale, so the network is a financial choice as much as a technical one. The fee is taken by the network before your transfer arrives, and the amount that lands is what the sale is measured against.
What moves the naira figure
Because USDC tracks the dollar, the crypto side of the price barely moves. The naira side does. The dollar-naira rate can shift within a day, and the payout you are quoted reflects the rate at the moment the order is priced.
Read the figure on the order preview when you confirm rather than working from a number you remember from earlier.
Before you confirm
The order preview shows the USDC amount, the naira payout and the destination bank account together. Read them as a set, because the point of showing them at once is to let you catch a mismatch.
If the destination is wrong, change it before creating the order. A payout correctly sent to the account on file is not something the platform can pull back for you.