To sell USDC for naira, send it to your Snapiro USDC deposit address on BEP20 (BNB Smart Chain) or TRC20 (Tron), sell it at the rate on screen, then withdraw the naira to your Nigerian bank. No memo is needed.
USDC is a dollar stablecoin, so Snapiro treats one USDC as one dollar, the same way it treats USDT. That keeps the maths simple: your naira figure only moves when the naira rate moves, not with coin prices.
The part that catches people out is the network. A lot of USDC sits on Ethereum, and Snapiro doesn’t accept that. Here’s what to check first, the steps from your wallet to your bank, and what it all costs.
What you need
- The Snapiro app on Android or iPhone, from the Snapiro download page.
- A verified BVN or NIN. You can deposit once your email and phone are verified (Tier 1), but selling crypto needs Tier 2, which means a verified BVN or NIN. Either one is enough. Here’s how to verify your BVN.
- A transaction PIN to confirm every sale and withdrawal.
- A bank account in your verified name, for when you withdraw the naira.
- USDC on BEP20 or TRC20, sitting in an exchange or in a wallet such as Trust Wallet.
How the USDC to naira rate works
Snapiro counts each USDC as $1, exactly like USDT. Your rate is that dollar value multiplied by the naira-per-dollar rate, so the only number that changes from day to day is the naira rate.
An example with made-up round numbers, just to show the sum:
| Example | Figure |
|---|---|
| USDC you sell | 250 USDC |
| Dollar value (1 USDC = $1) | $250 |
| Example naira rate | ₦1,400 per $1 |
| You get | ₦350,000 |
Rates move, so check the live figure on the USDC rate page or in the rate calculator, which works without an account.
There’s no separate selling fee. Snapiro’s margin is built into the rate, so the naira amount you see before you confirm is the amount you get.
The network: BEP20 or TRC20 only
USDC exists on many blockchains, but Snapiro accepts it on two:
- BEP20, which is BNB Smart Chain. Addresses start with 0x.
- TRC20, which is the Tron network. Addresses start with a capital T.
USDC on Ethereum (ERC20), Solana, Base or any other chain won’t be credited. Neither needs a memo or tag; the address alone is enough.
Holding ERC20 USDC?
Move it to an exchange that lets you withdraw USDC on BEP20 or TRC20, then withdraw it on one of those networks to your Snapiro address. Check the withdrawal screen lists BEP20 or TRC20 for USDC first, as not every exchange offers both.
And never send USDC to your Snapiro USDT address, even on the same network. Each coin has its own Deposit screen, so copy the address from the USDC one.
How to sell USDC on Snapiro, step by step
1. Create your USDC deposit address
Open Home and tap USDC under Sell a coin, or go to All wallets › USDC, then tap Deposit. Pick BEP20 or TRC20 under Network. If no address shows, tap Create address. It usually takes under a minute, so pull down to refresh. You do this once per coin and network, so BEP20 and TRC20 each get their own address. The help centre has a full guide to creating a deposit address.
You’ll see the address with a QR code, Copy and Share buttons, and a warning: “Send only USDC on the BEP20 network to this address. Anything else may be lost for good.” (or TRC20). Take it seriously.
2. Send the USDC
In your exchange or wallet, tap Withdraw or Send, paste your Snapiro address, choose the same network you picked on Snapiro and enter the amount. Compare the first and last few characters with the address in the app before you confirm. Keep the TxID the exchange shows you.
3. Wait for it to land
Your deposit is credited once the network confirms it, and you’ll get a “Deposit Confirmed!” notification. There’s no Snapiro minimum deposit. If it’s slow, check the exchange has actually sent it.
4. Sell the USDC
On the home screen, tap USDC under Sell a coin (or open All wallets › USDC), 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 USDC = $1 and Naira rate $1 = ₦1,400. Tap Sell USDC 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.
You don’t have to withdraw everything. The same naira balance can pay for airtime, data, electricity and TV, with 1% cashback on each payment.
What it costs
- The network fee to send USDC on BEP20 or TRC20, 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, 250 USDC sells for ₦350,000. Withdraw it in one go and ₦349,800 reaches your bank. Note that Tier 2 can withdraw up to ₦100,000 in 24 hours, so a single withdrawal this size needs the higher Tier 3 limits that come with verifying both BVN and NIN. The verification tiers and limits page has the details, and every Snapiro charge is on the fees page.
Mistakes to avoid
Sending ERC20 USDC. Ethereum USDC isn’t supported. Move it to BEP20 or TRC20 first.
Picking a different network on each side. If you created a TRC20 address on Snapiro, choose TRC20 on the exchange too.
Mixing up USDC and USDT addresses. They’re separate wallets. Copy the address from the USDC Deposit screen.
Copying an address from your history. Scammers send tiny amounts from look-alike addresses, hoping you’ll copy theirs later. Always copy fresh from Snapiro.
Sharing your PIN. Snapiro staff will never ask for it.
Other coins on Snapiro
If you also hold USDT, our guide to selling USDT for naira follows the same steps. If you’ve got SOL in a Phantom wallet, there’s a matching guide on selling Solana for naira.
A few more questions
Is USDC the same as USDT on Snapiro?
Both count as $1 at the same naira rate, so 100 USDC and 100 USDT come to the same naira. They just have separate wallets and separate deposit addresses.
Can I send USDC on Ethereum or Solana?
No. Snapiro only accepts USDC on BEP20 and TRC20. Anything sent on another network may be lost.
Do I need to verify my account to sell USDC?
Yes. You can deposit on Tier 1 (email and phone verified), but selling crypto needs Tier 2: a verified BVN or a verified NIN. Withdrawing naira also needs Tier 2 and a bank account in your verified name.
See today’s naira figure on the USDC page and sell from the app when you’re ready.
