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Convert Crypto to cash.
Fast, fair, and automatic.

Exchange your crypto for Naira at the best rates — secure, fast, and credited directly to your wallet.

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≈ 10min

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How it works

Deposit Crypto.
Cash out fast.

Gifterra gives you a personal wallet address. Send Crypto, we handle the confirmation, and credit your Naira wallet automatically.

01

Get your wallet address

A personal Crypto wallet address is assigned to your Gifterra account.

02

Send your Bitcoin

Deposit Crypto from any wallet or exchange directly to your address.

03

Confirmed & credited

Once confirmed on-chain, your Naira wallet is credited automatically.

Deposit Crypto
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Crypto Deep Dive

Everything about crypto
you were afraid to ask.

A no-nonsense deep dive into BTC, ETH, USDT, BNB and the world's most talked-about digital assets — written for Nigerians, by people who have watched the naira from a distance.

15 min read

By Gifterra Team

Origin Story

01

The Man, The Myth, The Mystery: Who Is Satoshi Nakamoto?

In 2008, a person (or group, nobody really knows) called Satoshi Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." Nine pages. That's it. Nine pages that would go on to shake the global financial system like a mango tree in harmattan season.

How It Actually Works

02

Crypto Explained Without Making Your Brain Scatter

Here is how a normal bank works: You have money. You give it to a bank. The bank keeps a record: "Chidi has ₦450,000." When Chidi wants to send ₦50,000 to his landlord, he tells the bank, the bank updates the record, and everybody goes home. The bank is the middleman — the oga at the top of the ledger.

Meet The Coins

03

BTC, ETH, USDT, BNB — What's the Difference, Really?

If crypto were a Nigerian family, Bitcoin would be the eldest. Quiet, conservative, doesn't say much, but everybody respects him because he started the whole thing. Bitcoin's job is simple: be digital gold. A store of value. Limited to 21 million coins, ever. That's it. He's not trying to do too much.

The Stablecoin Revolution

04

Why USDT Became Nigeria's Unofficial Dollar

Let's talk about USDT properly, because this is where things get interesting for the Nigerian market. The naira has been devalued multiple times in recent memory. If your grandfather had saved ₦10,000 in the early 1980s, that money would have been worth roughly $14,000 at the time. Today? Less than $7. So Nigerians, ever resourceful, started looking for ways to hold dollars without holding paper dollars.

The Nigeria Connection

05

Why Nigerians Took to Crypto Like Suya Takes to Pepper

Nigeria's relationship with crypto was never just about technology. It was about survival, ingenuity, and the fact that a country with over 200 million people and an economy the size of a small European nation had been watching its currency lose value like a deflating balloon at a children's party.

The Volatility Talk

06

Yes, Coins Crash. Yes, People Still Hold. Here Is Why.

Every time Bitcoin or Ethereum drops significantly, someone writes an obituary. "Crypto is dead." This has happened over 400 times since 2010. Bitcoin alone has been declared dead more times than a Nollywood villain in a season finale. And yet, every time, the market gets back up, dusts itself off, and goes higher than before.

Networks & Fees

07

ERC-20, BEP-20, TRC-20 — Choose the Right Highway

Here is where many people lose money: networks. The same coin can exist on multiple blockchains, and they are NOT interchangeable. USDT-ERC20 lives on Ethereum. USDT-BEP20 lives on BNB Chain. USDT-TRC20 lives on Tron. Same dollar, different roads.

What To Know Before You Buy

08

Don't Be the Person Who Buys the Top. Practical Advice.

If you are new to crypto, there are a few things worth knowing before you screenshot your first transaction and send it to every family WhatsApp group.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile. Only invest what you can afford to lose. Start trading on Gifterra →