What is the cheapest place to buy USDT with naira right now?

At our reading on 23 October 2026, buying USDT with ₦100,000 cost about ₦1,367.25 per USDT on Bybit, ₦1,367.40 on MEXC and ₦1,374.20 on OKX. That is the middle of the best qualifying adverts, not the single best one, and it is one reading rather than a live price.

How much does it cost to buy USDT and sell it straight back in naira?

The gap between the buying and the selling price on the same reading is what a round trip gives up, and it is paid once. On a ₦100,000 order it was smallest on MEXC, at ₦2.74 per USDT, which is 0.20%, and largest on OKX at ₦11.32 per USDT, or 0.83%.

Are the pinned adverts at the top of the list a good price?

We record pinned adverts, labelled "Featured" on Bybit and MEXC, apart from the ordinary list. At this reading every one of them was worse for the reader than the typical price, by up to ₦81.75 per USDT.

How is the Nigerian naira P2P price on this page measured?

A script reads each exchange's public advert list and keeps an advert only if it accepts the order size and its advertiser shows at least 10 completed orders at a completion rate of 90% or better. The typical price is the median of the 10 best such prices. The reading is repeated every day and the full history is downloadable as CSV.

Read every day

USDT to naira P2P rate today

What one USDT cost in naira on the P2P markets of OKX, Bybit and MEXC at our last reading, by order size. Taken from each exchange's own advert list, not from a currency converter.

Last reading: 23 October 2026 at 10:00 WAT

The reading

On 23 October 2026, buying USDT with ₦100,000 cost about ₦1,367.25 per USDT on Bybit, ₦1,367.40 on MEXC and ₦1,374.20 on OKX. Selling ₦100,000 worth paid about ₦1,364.66 per USDT on MEXC, ₦1,363.43 on Bybit and ₦1,362.88 on OKX.

What it cost to buy 1 USDT

Exchange	₦20,000 order	₦100,000 order	₦1,000,000 order
OKX	₦1,366.00best advert ₦1,365.76	₦1,374.20best advert ₦1,365.76	₦1,379.20best advert ₦1,367.98
Bybit	₦1,367.25best advert ₦1,366.47	₦1,367.25best advert ₦1,366.47	₦1,367.74best advert ₦1,367.10
MEXC	₦1,366.58best advert ₦1,364.00	₦1,367.40best advert ₦1,366.49	₦1,371.25best advert ₦1,367.39

Lower is better when you buy. The shaded cell is the lowest typical price for that order size.

What you got for selling 1 USDT

Exchange	₦20,000 order	₦100,000 order	₦1,000,000 order
OKX	₦1,360.50best advert ₦1,362.13	₦1,362.88best advert ₦1,364.69	₦1,365.00best advert ₦1,365.20
Bybit	₦1,362.10best advert ₦1,362.20	₦1,363.43best advert ₦1,363.86	₦1,364.00best advert ₦1,365.00
MEXC	₦1,363.01best advert ₦1,364.10	₦1,364.66best advert ₦1,365.80	₦1,365.74best advert ₦1,366.05

Higher is better when you sell. The shaded cell is the highest typical price for that order size.

How to read the two numbers. The large figure is the typical price: the middle of the 10 best prices among adverts that accept that order size, from advertisers showing at least 10 completed orders and a 90% completion rate. "Best advert" is the single best of those. We use the typical price for comparisons because one unusually good advert is often small, gone in minutes, or open only to some users.

Binance is not in these tables. It stopped all Nigerian naira services in March 2024 and its P2P market no longer offers naira. Binance announcement, 5 March 2024.

Work out your own amount

I want to Amount In

Enter an amount to see what each exchange's typical price gives.

An estimate from the reading above, using the order size closest to your amount.

What the exchanges say about fees. OKX says it charges zero fee on P2P trading (OKX). Bybit lists a 0% fee for the person taking an advert, and charges advertisers in a few currencies (Bybit). MEXC describes a zero-platform-fee policy for P2P (MEXC). Where no fee is charged the price you accept is the cost of the trade, though your bank or wallet may charge for the transfer.

Featured and promoted adverts against the ordinary list

Some adverts are pinned above the ordinary list (labelled "Featured" on Bybit and MEXC). At this reading every pinned advert we saw was a worse price than the ordinary adverts underneath.

Exchange	You are	Pinned price	Typical price	Difference on 100 USDT
Bybit selling	selling	₦1,354.65	₦1,363.43	₦878 worse (0.6%)
Bybit buying	buying	₦1,449.00	₦1,367.25	₦8,175 worse (6.0%)
MEXC selling	selling	₦1,326.00	₦1,364.66	₦3,866 worse (2.8%)
MEXC buying	buying	₦1,400.00	₦1,367.40	₦3,260 worse (2.4%)

We record what the lists show. We do not know how an advert comes to be pinned, so we draw no conclusion about why. The practical point is simple: scroll past the pinned adverts and compare before you pick. OKX showed no pinned adverts at this reading.

The gap between buying and selling

If you buy USDT and later sell it back on the same exchange, this gap is what the round trip gives up before any price change. For a ₦100,000 order:

Exchange	Typical buy	Typical sell	Gap per USDT	As a share
MEXC	₦1,367.40	₦1,364.66	₦2.74	0.20%
Bybit	₦1,367.25	₦1,363.43	₦3.82	0.28%
OKX	₦1,374.20	₦1,362.88	₦11.32	0.83%

The Nigeria P2P market at a glance

Counted from the full advert lists at the same reading. "Buy from" means adverts selling USDT to you; "sell to" means adverts buying it from you.

Exchange	Adverts to buy from	Adverts to sell to	Smallest order	Take ₦10,000 or less	Usual time to pay
OKX	37	200	₦1,300	70%	15 min
Bybit	207	1,251	₦4,500	45%	15 min
MEXC	68	155	₦5,000	84%	15 min

"Take ₦10,000 or less" is the share of adverts you can buy from whose minimum order is at or under that amount. "Usual time to pay" is the payment window most of those adverts set. Bybit is counted with the filter its page applies by default (verified advertisers); without it there were 317 to buy from and 1,551 to sell to.

Payment methods advertisers accept

OKX. When you buy: Bank transfer 65%, OPay 38%, PalmPay 14%, Nombank 8%. When you sell: Bank transfer 93%, OPay 64%, PalmPay 55%, Moniepoint 38%.
Bybit. When you buy: Bank transfer 88%, OPay 34%, PalmPay 24%, Kuda 21%. When you sell: Bank transfer 94%, OPay 77%, Kuda 69%, PalmPay 68%.
MEXC. When you buy: Bank transfer 76%, OPay 43%, PalmPay 22%, Kuda 16%. When you sell: Bank transfer 92%, OPay 86%, PalmPay 79%, Kuda 75%.

Share of adverts on each list that accept the method. An advert can accept several, so the shares add up to more than 100%.

Daily readings

To buy 1 USDT (₦100,000 order), typical price in naira

OKXBybitMEXC

For selling 1 USDT (₦100,000 order), typical price in naira

OKXBybitMEXC

Date	OKX		Bybit		MEXC
Date	Buy	Sell	Buy	Sell	Buy	Sell
23 Oct	1,374.20	1,362.88	1,367.25	1,363.43	1,367.40	1,364.66
22 Oct	1,363.88	1,360.29	1,362.99	1,357.74	1,362.15	1,360.76
21 Oct	1,363.95	1,359.44	1,362.40	1,356.80	1,362.10	1,360.05
20 Oct	1,366.75	1,360.68	1,363.50	1,358.71	1,362.94	1,361.03
19 Oct	1,362.75	1,360.39	1,363.50	1,358.25	1,362.87	1,360.10
18 Oct	1,364.00	1,360.36	1,363.00	1,357.73	1,362.27	1,359.96
17 Oct	1,362.94	1,359.15	1,362.48	1,357.50	1,361.25	1,359.22
16 Oct	1,361.78	1,359.00	1,361.43	1,356.07	1,360.98	1,358.11
15 Oct	1,364.97	1,360.80	1,363.90	1,359.05	1,362.43	1,360.42
14 Oct	1,364.96	1,360.52	1,364.80	1,359.23	1,364.70	1,362.36
13 Oct	1,366.90	1,363.92	1,367.79	1,362.50	1,366.95	1,364.71
12 Oct	1,366.25	1,363.05	1,365.88	1,359.60	1,364.96	1,362.42
11 Oct	1,366.50	1,362.05	1,366.87	1,361.08	1,365.48	1,362.80

Typical price per USDT for a ₦100,000 order. 13 readings so far. The table keeps the last reading of each day. Download every reading as CSV (all three order sizes, best and typical price, featured prices).

Before you trade on P2P

Set your amount first. The price changes with order size, as the tables show, so compare adverts that actually accept what you want to trade.
Scroll past the pinned adverts. Compare them with the ordinary adverts below before you pick.
Read the advertiser's numbers. Completed orders and completion rate are shown beside each advert. This page ignores advertisers under 10 orders or 90%.
Keep the chat and the payment on the platform. Bybit's P2P page tells users never to move the conversation off the platform and not to use third-party or split payments (Bybit P2P).
Know what protects you. MEXC describes its P2P as an escrow: the seller's crypto is locked and released only after payment is confirmed (MEXC Learn).

How this is read, and what it cannot tell you

Every day, usually twice, a script opens the public USDT advert list each exchange shows to anyone, for three order sizes on each side, and records the prices. The exact time is printed at the top of this page. For Bybit we read the list with the filter its own page applies by default, which shows verified advertisers only. Adverts open only to takers in another country are left out. No account is used and nothing is traded.

It is one reading, not a live quote. P2P prices move through the day. Use the tables to see how the exchanges compare, then check the live list.
Adverts carry conditions. An advertiser can require a minimum account age, a number of completed trades or a verification level. The public list does not tell us whether you meet them, and some of the best prices are open only to some users.
These are advert prices, not completed trades. We do not measure how fast an advertiser pays or releases.
We keep prices, limits and payment-method names only. Nothing about any advertiser is stored.

The readings are free to reuse under Creative Commons Attribution 4.0 with a link to this page. More on how we collect figures is in how we measure and check. Spotted something wrong? Tell us.

The exchanges in this reading

Some broker links are referral links; we may earn a commission at no cost to you. It never changes our ranking.

Crypto is volatile and you can lose money. A P2P trade is a deal with another person: check the advert, the name on the account and the payment before you release or mark anything as paid. Education only, not financial advice.