According to RemitRoutes data, the cheapest way to cash out USDT to Nigeria right now is to off-ramp through Luno, which sells USDT for NGN at roughly a 0.38% spread. All-in — the USD on-ramp, the on-chain transfer, and the off-ramp spread — that works out to about -1.42% of the amount on a $1,000-equivalent transfer. That is about 0.67 percentage points cheaper than the best bank or fintech we track (WorldRemit at -0.75%).
| Step | Where | What happens |
|---|---|---|
| 1 | Strike | Buy USDT with USD |
| 2 | Lightning Network | Send USDT on-chain — settles in seconds, cents in network fees |
| 3 | Luno | Sell USDT for NGN (~0.38% spread), withdraw to a local bank or wallet |
According to live RemitRoutes data, the cheapest USDT-to-NGN off-ramp is Luno, charging roughly a 0.38% spread to convert USDT to NGN. Including the USD on-ramp, the on-chain network fee, and that off-ramp spread, the all-in cost is about -1.42% of the amount on a $1,000-equivalent transfer. We re-measure every 6 hours.
Luno currently shows the lowest USDT-to-NGN spread in our data, settling over Lightning Network. Off-ramp rates move with local liquidity, so check the live numbers before you sell — the cheapest venue can change between our 6-hour refreshes.
Yes. At about -1.42% all-in, the USDT route beats the cheapest traditional provider we track (WorldRemit at -0.75%) by roughly 0.67 percentage points on this corridor.
Updated July 1, 2026 · refreshed every 6 hours. All-in cost = USD on-ramp + on-chain network fee + off-ramp spread on a $1,000-equivalent transfer, measured from live exchange data. Figures reflect the cheapest live dollar-stablecoin route; USDT and USDC off-ramp at near-identical rates on Luno. Full USD→NGN cost data · methodology.