FAQ

Why do Nigerians convert naira to USDT so often?

The naira moves against the dollar in a way most people cannot plan around, while USDT is built to track the dollar one to one. Holding savings in USDT rather than naira is a way to stop that value quietly eroding month to month. It is not investing in the usual sense, it is closer to keeping cash in a currency that does not lose value while you are not looking.

Why is the rate different on every exchange?

On a peer to peer board, the price is whatever the merchant currently on top is willing to trade at, and that changes by the minute as offers fill and new ones appear. An instant exchange sets its own single price instead. Five platforms checked at the same second can genuinely show five different numbers, and none of them is wrong.

Which rate should I actually use, the one here or the official one?

The official rate is a currency market number that ordinary people cannot walk up and trade at. The rates on this board are what real merchants and exchanges will actually give you right now. If you are changing money today, the board is the one that matters.

Why does buy always cost more than sell?

Whoever is on the other side of your trade, whether a merchant or an exchange, makes their living from that gap. A platform where you could buy and immediately sell back for a profit would not exist for long. If a board here ever shows the opposite, that is a data fault, not a real opportunity, and it gets corrected automatically before it is shown.

Is P2P trading safe?

The exchange holds the USDT in escrow until both sides confirm the naira has moved, so the coin cannot be released without your payment landing first. The usual precautions still apply: trade with merchants who have a solid completed order history, and never confirm before the money is actually in your account.

How often do the rates update?

Roughly every ninety seconds. The exact age of what you are looking at is printed on the page, so you always know how fresh it is rather than having to guess.

Does Streetkobonira take a cut or a fee?

No. Streetkobonira does not touch your money at any point. It shows public prices from the exchanges themselves; what you pay or receive is agreed entirely between you and whoever you trade with.