To sell XRP for naira, send it to your Snapiro XRP address on the XRP Ledger with the memo shown in the app, sell it at the rate on screen, then withdraw the naira to your Nigerian bank.
That memo is the part people get wrong. Exchanges call it the destination tag, or just Tag, and an XRP deposit sent without it can’t be credited to your wallet. Copy the address and the memo, every time.
Get those two right and the rest is quick. Here’s how the XRP rate is worked out, where the tag goes on the exchange side, the steps from your wallet to your bank, and what it costs.
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 BVN.
- A transaction PIN to confirm every sale and withdrawal.
- A bank account in your verified name, for withdrawing the naira.
- XRP on the XRP Ledger, in an exchange or a wallet that lets you add a destination tag.
How the XRP to naira rate works
XRP’s dollar price moves through the day. Snapiro’s rate is XRP’s US dollar price multiplied by the naira-per-dollar rate.
An example with made-up round numbers:
| Example | Figure |
|---|---|
| XRP you sell | 250 XRP |
| Example XRP price | $2 |
| Dollar value | $500 |
| Example naira rate | ₦1,400 per $1 |
| You get | ₦700,000 |
Real prices change constantly, so check the live figure on the XRP 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 you see before you confirm is the amount you get.
The network and the memo
Snapiro accepts XRP on the XRP Ledger. Unlike most coins, an XRP deposit needs two pieces of information:
- The address, which starts with a lowercase r.
- The memo, a number that tells Snapiro the XRP is yours. On exchanges this field is usually labelled Tag or Destination Tag.
On the Deposit screen you’ll see the address, then Memo (required) with a Copy memo button, and the warning: “Always include the memo. A XRP deposit without it can’t be credited to your wallet.”
Some exchange and wallet forms mark the tag as optional. For Snapiro it isn’t. Paste the memo into that field even if the form says you can skip it.
How to sell XRP on Snapiro, step by step
1. Get your XRP address and memo
Open Home and tap XRP under Sell a coin, or go to All wallets › XRP, then tap Deposit. If no address shows, tap Create address. It usually takes under a minute, so pull down to refresh. It’s a one-time step. The help centre has a guide to creating a deposit address.
2. Send the XRP with the tag
In your exchange or wallet, tap Withdraw or Send and choose XRP. Paste your Snapiro address, then go back to Snapiro, tap Copy memo and paste it into the Tag or Destination Tag field. Pick the XRP Ledger as the network if asked, enter the amount and check both fields before you confirm.
Keep the TxID the exchange shows. Here’s how to find and copy a transaction ID if you need it later.
3. Wait for it to land
The deposit is credited once the network confirms it, and you’ll get a “Deposit Confirmed!” notification. There’s no Snapiro minimum deposit.
4. Sell the XRP
On the home screen, tap XRP under Sell a coin (or open All wallets › XRP), 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 XRP = $2 and Naira rate $1 = ₦1,400. Tap Sell XRP 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 can also leave some naira in the app. The same balance can pay for airtime, data, electricity and TV, with 1% cashback on each payment.
What it costs
- The network or withdrawal fee charged by your exchange or wallet to send the XRP. It doesn’t go to Snapiro.
- ₦200 per naira withdrawal to your bank.
With the example above, 250 XRP sells for ₦700,000. Withdraw it all in one go and ₦699,800 reaches your bank. Tier 2 can withdraw up to ₦100,000 in 24 hours, so a withdrawal this size needs Tier 3, which comes with verifying both BVN and NIN. Every charge is on the fees page.
Mistakes to avoid
Leaving out the memo. This is the big one. Without it the deposit can’t be credited automatically.
Typing the memo by hand. One wrong digit points the XRP at the wrong place. Use Copy memo.
Picking another network. If your exchange lists XRP on more than one network, choose the XRP Ledger.
Copying an address from your history. Scammers send tiny amounts from look-alike addresses. Copy fresh from Snapiro, and never share your PIN with anyone claiming to be support.
Forgot the memo?
Message support from the Support tab in the app straight away, with the TxID of the transfer. The team will look into it, but a missing memo can’t always be fixed, so it’s far better to check before you send.
Other coins on Snapiro
Toncoin needs a memo too, so check how to sell Toncoin for naira if you hold it. For stablecoins, read the guide to selling USDT for naira.
FAQs
Is the memo the same as the destination tag?
Yes. Snapiro calls it the memo; exchanges usually call it Tag or Destination Tag. Paste Snapiro’s memo into that field.
Do I need to verify my account to sell XRP?
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.
Does my memo change each time?
Always copy the memo from your Deposit screen when you send, together with the address, so you know they belong together.
Never send XRP without the destination tag. When your deposit lands, today’s figure is on the XRP page.
