How to exchange e-currency
How to exchange e-currency by yourself. 
In this guide, you'll learn how to send or receive payment online in Nigeria to or from abroad as well as learn how to find a trustworthy and reliable e-currency or Skrill exchanger in Nigeria. Due to the limitations put on Nigerians that prevent them from receiving or sending payment online internationally, Nigerians have since found a way of sending or receiving payment online internationally through e-currencies issued by online payment companies (e-currency companies) such as Skrill and others that support Nigeria.
What is e-currency
E-currency is a form of token issued by online payment companies across the globe to represent money in form of balance in an electronic wallet that can be spent by transferring between the e-currency accounts or withdrawing directly into local bank accounts.Available e-currencies for sending and receiving payment online
1. Skrill
A UK based e-currency company formerly known as Moneybookers that allows users to send and receive payment online internationally through the internet. I recommend this company for anyone that needs the best way to receive money legally in Nigeria from abroad without any issue. To register a Skrill account visit this link. You can buy and sell Skrill through available Skrill exchangers in Nigeria.2. PayPal
An American company that operates online payment systems across the globe. Used by many online shoppers for sending payment on e-commerce websites like eBay and Amazon. PayPal as a payment processor is preferred among online users because of the flexibility and ease with which it allows them send payment through their debit or credit cards.
This company only allow Nigerians to send payment through their debit card but prohibits them from receiving payment. Although, as at the time of writing this post, PayPal does not allow Nigerians to receive money but because PayPal allows US citizens to send and receive money freely, some smart Nigerians found their ways out of this hurdle by registering US PayPal accounts through the use of VPN that changes their locations to that of US and services that enable them to verify or own anything that identifies or proves them as a US citizen. These US PayPal accounts if not handled and managed carefully usually get caught and blocked. You can buy and sell PayPal funds through available PayPal exchangers in Nigeria.
3. Perfect money
A Panamanian registered e-currency company that allows electronic transfer of money online between users account. You can register a perfect money account as a Nigerian through this link and enjoy limitless and seamless transferring of money from anywhere around the world. With perfect money, you can send and receive payment worldwide as a Nigerian. You have various options for funding your accounts such as bank transfer, western union and others. You can buy and sell perfect money through available perfect money exchangers in Nigeria.
There are other e-currencies companies that can be used to send and receive payment online internationally in Nigeria but these three companies are the recommended and most commonly used to send and receive payment online internationally by Nigerians. Other e-currencies companies include: okpay, Payoneer, Google wallet, and others. People also utilises cryptocurrency such as bitcoin and others to send and receive payment online across the globe in Nigeria.
How to buy or sell e-currencies in Nigeria from an e-currency exchanger
Buying or selling e-currency in Nigeria is a smart way of sending or receiving payment online here in Nigeria to or from abroad. If you received a payment from outside Nigeria to your skrill or PayPal account, you need to sell the skrill or PayPal funds through an e-currency exchanger in Nigeria to receive the money in naira into your Nigerian bank account. Similarly, if you wish to send payment from Nigeria to abroad, you need to buy e-currency like skrill or PayPal from an e-currency exchanger in Nigeria and send it to your beneficiary in abroad. Your beneficiary will be able to withdraw their e-currency to to their bank accounts in their local currency.Follow the guidelines below to start buying or selling e-currency in Nigeria:
Step 1: Register on your preferred e-currency company that supports Nigeria (Skrill, PayPal, perfect money, etc)
In order to send or receive payment online in Nigeria, you need an account with an e-currency company like PayPal, Skrill, perfect money, okpay and so on. Kindly visit the website of your preferred e-currency company that supports Nigeria and follow the procedure on the website to register an account with them. Out of these e-currencies that work best in Nigeria, skrill is the most recommended. Click here to register an account with Skrill.Step 2: Verify your identity with your preferred e-currency company
Most of ecurrencies companies like Skrill, PayPal and others usually require users to verify their identity with them after registration on the e-currency website. This identity verification includes; email verification which is done immediately after registration, mobile number verification, name verification which is done by submitting any government issued photo ID, and address verification which is done by submitting utility bills, bank statement or any document that proves your address. This verification steps might take between few days to weeks depending on the work load at the desk of the e-currency support team. For skrill, the verification may take between 2 to 3 business days.Step 3: Find your e-currency exchanger in Nigeria
Once you completed your account registration and necessary verification with your preferred e-currency company your account is set-up to start sending and receiving payment in Nigeria, the next step to buy or sell ecurrencies is to find an e-currency exchanger in Nigeria. An e-currency exchanger in Nigeria is one who buys and sells ecurrencies. Through an e-currency exchanger in Nigeria, you can buy or sell your ecurrencies and receive payment in Naira into your bank account. To exchange your e-currency, skrill or PayPal, click here to chat with a trustworthy e-currency exchanger in Nigeria.Step 4: Negotiate your terms with your e-currency exchanger
Once you found your preferred e-currency exchanger in Nigeria, the next step is to discuss and agree on your terms and exchange rate. Beware of scammers. These are the people that are there to rip you off your e-currency. If you find yourself with an exchanger that offers you high rate that seems too good to be true, you better run. Most people fall into the hands of scammers because they want to exchange their e-currencies at an above market rate. To buy or sell, skrill, PayPal funds and other ecurrencies in Nigeria for naira at a reasonable rate, click here to chat with a reputable e-currency exchanger.Step 5: Send payment to your e-currency exchanger
After negotiation and agreement on the terms and exchange rate, send payment to your e-currency exchanger. If you are buying e-currency like skrill or PayPal, you are to send payment in naira to the bank account of your e-currency exchanger and then give him the registered email address which was used in opening an account with the e-currency company (this is where the skrill or PayPal exchanger will send the e-currency into). If you are selling or exchanging your ecurrencies, skrill or PayPal funds for naira, you are to send the e-currency into the e-currency account provided by the e-currency exchanger. Once this is done, the e-currency exchanger sends naira to your bank account. To convert the value of e-currency in naira to send to an e-currency exchanger or you are to receive from an e-currency exchanger, simply multiply the agreed exchange rate by the value of the e-currency. This is the worth of the e-currency you are sending or receiving.Why you should use an e-currency exchanger for sending and receiving payment in Nigeria to or from abroad
Due to the restrictions and difficulties involved in sending and receiving payments in Nigeria, Nigerians had to find better options of sending and receiving payment to or from an abroad. This restrictions were placed by international companies and Central Bank of Nigeria (CBN) to limit fraud and money laundering amongst others. Part of these restrictions is the international spending limit placed on Naira MasterCard by the Central Bank of Nigeria (CBN) which limit the amount of money that can be sent internationally through Naira MasterCard to $3000 monthly. Some other payment international companies abroad like PayPal limit Nigeria from receiving payment, though allows them to send payment through their debit card. This restrictions have caused problems for hard-working young Nigerians who seek to earn money legally online and make it impossible for them to receive payment for their hardwork. This findings and research led to the discovery of options like Skrill, PayPal, perfect money, bitcoin and others. With these e-currency companies, Nigerians were able to circumvent the international restrictions and limitations placed on them. They can now simply buy e-currencies such as skrill, perfect money and PayPal funds from an e-currency exchanger for sending payment to abroad or receive e-currencies as payment from abroad and sell them to an e-currency exchanger in exchange for Naira which is sent to their bank accounts here in Nigeria.Buying and selling bitcoin in Nigeria
Apart from sending and receiving payment in Nigeria using e-currencies, you can as well send and receive payment by buying or selling bitcoin or any other cryptocurrencies in Nigeria. From the ease and convenience of sending and receiving payment electronically to lower transaction fees, bitcoin is by far the best way to send and receive payment internationally in Nigeria. Here's how it works.
We have several merchants all around the globe that accept bitcoin and other cryptocurrencies as form of payment. You can check with your merchants if they would like to accept bitcoin as payment method. If they accept bitcoin as a payment method, all you need is to buy bitcoin from a bitcoin exchanger and send it to them. If you don't know much about how bitcoin works, you can simply request the bitcoin address of your beneficiary (the person you are sending money to) and give it to a trustworthy bitcoin dealer to help you send bitcoin to your beneficiary while you pay the bitcoin exchanger in Naira. If you would rather receive payment from abroad as opposed to sending, you may request that the sender sends you bitcoin instead. If you don't know much about bitcoin or how it works, simply 8ask for the bitcoin address of a trustworthy bitcoin exchanger in Nigeria and send the address to the sender (the person sending you money from abroad). Once, the sender sends the bitcoin to your trustworthy bitcoin exchanger's address, he will in turn sends Naira to your bank account in Nigeria.
To buy or sell bitcoin in Nigeria through a trustworthy bitcoin exchanger, click this link to contact a trustworthy bitcoin exchanger on WhatsApp.
Why you should send and receive payment internationally with bitcoin
- Lower transaction fees. The fees for sending bitcoin is low compared to the exorbitant amount charged by financial services and payment companies.
- Better exchange rate. Bitcoin has better exchange rate compare to e-currencies. You can sell your bitcoin at a better rate in Nigeria compare to low rate charged on e-currencies by exchangers in Nigeria.
- Easy and convenient transaction across the globe. Bitcoin is fast growing with potential to become a globally accepted currency. With it's widely acceptance across the globe, you can easily send and receive payment with it.
Other easier ways to send and receive payment internationally
Apart from sending and receiving payment globally through e-currencies and cryptocurrencies, there are other easy and less complicated ways you can send or receive payment from abroad.
Mobile Top-up, mobile recharge, mobile credit or airtime
Mobile credit or airtime is virtual fund awarded by telecommunication company to mobile phones as token that grants permission or access to its services. The fact that mobile top-ups can be sent internationally from all over the world makes it a better option and means for sending and accepting payment globally.
How to send mobile top-up or recharge internationally
To send mobile recharge to Nigeria from abroad or any country across the globe, there are several websites that allow international mobile top-up through master or visa cards and some other payment options. Example of these websites include: https://www.rebtel.com/en/nigeria/recharge/, https://mobilerecharge.com and https://www.overseastopup.com. After sending mobile top-up international, the recipient of the airtime receives the top-up instantly on their mobile phone. They can then, trade the mobile airtime for cash. Click to know more about how to convert airtime to cash.
Request gift cards as payment
Due to the store value gift cards offer, sender from abroad can easily purchase gift cards from any local store and sends their pictures to their respective beneficiary in any part of the world. The recipient of the gift cards can in turn either redeem it by purchasing goods or services from the gift card issuer company or trade it for cash by selling it to people that need it. Popular gift cards that can be sent as payment includes: Amazon gift cards, Google play gift cards, Steam gift cards, iTunes gift cards, Walmart gift cards, eBay gift cards and several others. Click to know more about gift cards and how to convert gift cards to cash in Nigeria.
Conclusion
With this ultimate guide on how to send and receive payment in Nigeria to or from abroad, receiving payment from abroad or sending payment from Nigeria to abroad couldn't get better. All you need to do is register an account with your preferred e-currency company that supports Nigeria (Skrill is recommended), get your account verified and find a reliable e-currency or Skrill exchanger to deal with. Click here to chat with a reliable and trustworthy e-currency or Skrill exchanger on WhatsApp. As simple as that. Besides e-currencies, bitcoin, gift cards and mobile credit or airtime top-up are also easy means of sending or receiving payment across the globe effortlessly. Similarly, bitcoin, gift cards and mobile top-up or airtime received as form of payment can be traded for cash just like their e-currencies counterparts.Did you like what you read? Share this post with your friends who might like to send or receive payment to or from abroad.
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