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General

How to Convert Crypto to Fiat (USDT/USDC to NGN)



This article explains how to convert USDT or USDC (crypto) to NGN (fiat) in the Liqwifi application.

Overview

Crypto to fiat conversion in Liqwifi follows two steps:
Step 1: Generate a quote
Step 2: Redeem the quote to complete the conversion

Supported crypto to fiat pairs
USDT to NGN
USDC to NGN

Minimum amount
Minimum crypto amount for conversion is 1 USDT or 1 USDC.

Before you start
Make sure you have enough USDT or USDC balance in your Liqwifi wallet.
Use a stable internet connection.
Confirm your quote quickly before it expires.

How to convert crypto to NGN

1. Open the Liqwifi app.
2. Go to Wallet and open Convert or Swap.
3. Set From currency to USDT or USDC.
4. Set To currency to NGN.
5. Enter the crypto amount you want to convert.
6. Tap Get Quote or Generate Quote.
7. Review the quote details including rate, fee, and amount to receive.
8. Tap Confirm or Redeem Quote to complete the conversion.
9. Wait for success confirmation and check your wallet balances.

Important quote rules
Each quote can be used only once.
Quote validity is short, about 5 minutes.
If a quote expires, generate a new quote.

Common errors and what to do
Error: The least amount to swap is $1
Meaning: The amount entered is below the minimum.
Action: Enter at least 1 USDT or 1 USDC.

Error: Insufficient USDT balance or Insufficient USDC balance
Meaning: Your wallet balance is not enough for this conversion.
Action: Fund your wallet and try again.

Error: Quote is expired, generate a new quote
Meaning: The quote was not confirmed before expiry.
Action: Generate and redeem a new quote immediately.

FAQ

Can I convert USDT directly to USDC or USDC directly to USDT?
No. Direct USDT to USDC and USDC to USDT conversion is not supported.

How is the rate calculated?
Liqwifi uses current FX market rates with a spread and fee, and shows the full quote before confirmation.

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