To sell Solana for naira, send SOL to your Snapiro SOL deposit address on the Solana network, sell it at the rate on screen, then withdraw the naira to your Nigerian bank. No memo is needed for the transfer.
Once the SOL lands, the sale takes a few taps. The one thing to get right is what you send: Snapiro takes native SOL only, not USDT, USDC or any other token that lives on Solana.
If you hold SOL in Phantom, Solflare or an exchange account, this guide covers how the rate is worked out, the steps from your wallet to your bank, and exactly what it costs to cash out.
What you need
- The Snapiro app on Android or iPhone, from the download page.
- A verified BVN or NIN. Depositing works on Tier 1 (email and phone verified), but selling crypto needs Tier 2, which means a verified BVN or NIN. Here’s how to verify your NIN.
- A transaction PIN to confirm every sale and withdrawal.
- A bank account in your verified name, for withdrawing the naira.
- SOL on the Solana network, in an exchange or a wallet such as Phantom or Solflare.
How the SOL to naira rate works
SOL isn’t a stablecoin, so its dollar price moves all day. Snapiro’s rate is SOL’s US dollar price multiplied by the naira-per-dollar rate.
An example with made-up round numbers:
| Example | Figure |
|---|---|
| SOL you sell | 2 SOL |
| Example SOL price | $150 |
| Dollar value | $300 |
| Example naira rate | ₦1,400 per $1 |
| You get | ₦420,000 |
Real prices change constantly, so check the live figure on the SOL rate page or the Snapiro rate calculator before you send.
There’s no separate selling fee. The margin is built into the rate, so the naira you see before you confirm is what you get.
The network: native SOL only
Snapiro accepts SOL on the Solana network. Two things to know:
- No memo or tag. The address is all you need.
- Only the SOL coin itself. Tokens on Solana (often called SPL tokens) won’t be credited to your SOL wallet. That includes USDT on Solana and USDC on Solana.
This trips up Phantom users most, because the same Solana address in Phantom holds SOL and every token next to each other. When you tap Send, make sure the asset you’ve picked is SOL, not a token with a similar balance.
Holding USDC or USDT on Solana? Snapiro doesn’t accept either on that chain. You’d need to move it through an exchange and withdraw it on a network Snapiro supports, such as BEP20 or TRC20.
How to sell SOL on Snapiro, step by step
1. Create your SOL deposit address
Open Home and tap SOL under Sell a coin, or go to All wallets › SOL, then tap Deposit. If no address shows, tap Create address. It usually takes under a minute, so pull down to refresh. You only do this once. The help centre has a guide to creating a deposit address.
The screen shows the address, a QR code, Copy and Share, and a warning: “Send only SOL on the Solana network to this address. Anything else may be lost for good.”
2. Send the SOL
In your exchange or wallet, tap Withdraw or Send, choose SOL, paste your Snapiro address, pick the Solana network if asked and enter the amount. Check the first and last few characters against the app before you confirm, and keep the TxID.
If you’re sending from your own wallet, leave a little SOL behind. Solana transactions need a small amount of SOL for the network fee.
3. Wait for it to land
The deposit is credited once the network confirms it, and you’ll get a “Deposit Confirmed!” notification. If it’s slow, read why a crypto deposit hasn’t been credited.
4. Sell the SOL
On the home screen, tap SOL under Sell a coin (or open All wallets › SOL), then tap Sell. Type an amount under Amount to sell or tap Max. The card shows the coin rate, the naira rate and You get (estimate). With the example numbers above it would read Rate 1 SOL = $150 and Naira rate $1 = ₦1,400. Tap Sell SOL and enter your transaction PIN.
The naira lands in your naira wallet straight away. The sale shows under Activity, and you get a push notification and an email.
5. Withdraw or spend
Add a bank account in the same name as your verified name, on any Nigerian bank or wallet on NIBSS (OPay, Kuda, Moniepoint and PalmPay included), and withdraw to it. The minimum withdrawal is ₦1,000 and each one costs ₦200.
Smaller amounts often make more sense spent than withdrawn. The same naira balance can pay for airtime, data, electricity and TV, with 1% cashback on each payment.
What it costs
- The Solana network fee, charged by your exchange or paid from your wallet. It doesn’t go to Snapiro.
- ₦200 per naira withdrawal to your bank.
With the example above, 2 SOL sells for ₦420,000. Withdraw it all in one go and ₦419,800 reaches your bank. Tier 2 can withdraw up to ₦100,000 in 24 hours, so a single withdrawal this size needs Tier 3, which comes with verifying both BVN and NIN. All charges are on the fees page.
Mistakes to avoid
Sending a Solana token instead of SOL. USDT, USDC and other tokens on Solana won’t be credited.
Picking the wrong network on an exchange. If SOL is listed on more than one network, choose Solana.
Copying an address from your history. Scammers send tiny amounts from look-alike addresses so you’ll copy theirs later. Always copy fresh from Snapiro.
Sharing your PIN or seed phrase. Snapiro staff will never ask for either.
Other coins on Snapiro
USDT holders can follow our guide to selling USDT for naira, and if you keep stablecoins on BEP20 or TRC20, read how to sell USDC for naira.
Frequently asked questions
Do I need a memo to send SOL to Snapiro?
No. Snapiro’s SOL address doesn’t need a memo or tag.
Can I send USDC or USDT on Solana to my SOL address?
No. Only native SOL is credited. Tokens on Solana sent to that address may be lost.
Do I need to verify my account to sell SOL?
Yes. Depositing works on Tier 1, but selling crypto needs Tier 2: a verified BVN or NIN. Withdrawing naira also needs Tier 2 and a bank account in your verified name. See verification tiers and limits.
Is there a minimum amount of SOL I can sell?
There’s no Snapiro minimum deposit. The minimum naira withdrawal is ₦1,000.
Check the live figure on the SOL page, then sell once your Solana confirms.
