Back to Home Updated: October 21, 2026

RedotPay Send Crypto, Receive NGN: What It Is and How It Works (2026)

By CryptoCard Insider (founder: Rosa Xie) · Independent guide · Last updated 2026-10-21 · Disclosure: we may earn a referral reward from RedotPay through the links on this page. Affiliate disclosure

RedotPay announced on 2 December 2025 that verified users with a Nigerian bank account can send supported crypto and have naira paid into the account, through an integration with Ripple Payments. RedotPay says payouts typically settle within minutes, but it states no fees, limits or exchange rates. In the app the flow is Send, choose the receiving currency and amount, pick or add a recipient, review and confirm. The fee, the amount the recipient gets and an estimated arrival time are shown before you confirm, the rate locks when you confirm, and a processed transfer cannot be canceled.

This guide uses RedotPay's press releases and help center articles, which we read on 2026-10-21. The announcement is company marketing, so treat its speed and price descriptions as claims. It describes a product feature and says nothing about whether you may use it under Nigerian rules; see our Nigeria hub for what the regulators have published.

What is RedotPay's Send Crypto, Receive NGN feature?

RedotPay's press release (2 December 2025, Hong Kong) says RedotPay integrated Ripple Payments and is launching Send Crypto, Receive NGN. A user sends XRP or another supported asset from RedotPay, and naira is paid into the designated local bank account. The release lists USDC, USDT, BTC, ETH, SOL, TON, S, TRX, XRP and BNB as supported assets, with Ripple's RLUSD planned for later. It says the feature is available to all verified RedotPay users who have a local bank account.

The release does not give a fee, a limit, an exchange rate, step-by-step instructions or the names of any Nigerian partner banks. The 6.49% average remittance fee it quotes is a general market figure and not a RedotPay price.

How do I send crypto to a Nigerian bank account with RedotPay?

RedotPay's Send article (22 July 2026) gives four steps:

Open the app and tap Send.
Choose the receiving currency and enter the amount.
Pick a saved recipient, or add a new one by entering their account details.
Review the details and confirm.

The article says minimum and maximum amounts vary by currency and appear when you set up the transfer, and that the arrival estimate depends on the receiving method, currency and destination. It does not mention naira or Nigeria. An earlier announcement (25 August 2025) describes the same flow with an Add Recipient step and a payout reason to select before you confirm, and lists BRL, INR, PHP, THB, VND and USD as the currencies at that time, with no mention of NGN. Check that NGN is offered in your app before you plan around it.

What the payout FAQ says about fees, rates and mistakes

The payout FAQ (21 July 2026) says:

Fees vary by currency and receiving method, and the app shows the fee and the recipient's amount before you send. Local networks such as Pix, SPEI and SEPA generally add no extra charge. The FAQ names no Nigerian network.
Rates update in real time, and once you tap Confirm the rate is locked for that transfer.
Arrival time depends on the destination, currency and method, and the app shows an estimate first.
A processed transfer cannot be canceled. A failed transfer returns the money to your RedotPay balance, including when the account details are invalid. If the account exists but the details were wrong, contact the recipient's bank at once, because RedotPay cannot reverse funds that reached a valid account.
You can send to another person's account, and the option is not available for business accounts.

The FAQ does not list supported countries and does not say what to do if the feature is missing from your app.

Before you send naira

This is our view and not RedotPay's. Because a payment to a valid but wrong account cannot be reversed, check the account number and name twice and start with a small amount. Because RedotPay publishes no naira fee, compare the amount the app quotes with what you would receive by selling the same crypto on P2P; our cash-out guide covers the P2P route and our payment method guide covers the account name rule.

What we could not verify

The fee, the exchange rate and the limits for naira payouts.
How long payouts take in practice, since the minutes-level speed is RedotPay's claim.
Which Nigerian banks and e-wallets are supported.
Whether the feature is live in your app today, since the help center articles we read do not mention NGN.
Whether you can pay your own account, another person or both, given that the articles describe the rule differently.

Sources, all read on 2026-10-21

Frequently Asked Questions

What is RedotPay's Send Crypto, Receive NGN feature?

RedotPay's press release of 2 December 2025 says it converts a user's crypto into Nigerian naira and pays it into a designated local bank account, using an integration with Ripple Payments. It says the feature is available to all verified RedotPay users who have a local bank account, and that payouts typically settle within minutes. Those are RedotPay's own claims, and the release gives no fees, limits or exchange rates.

How do I send crypto to a Nigerian bank account from RedotPay?

RedotPay's help center says to tap Send, choose the receiving currency and amount, pick a saved recipient or add a new one, review the details and confirm. Its articles do not mention naira or Nigeria, so check that NGN appears as a receiving currency in your app. The fee, the amount the recipient gets and an estimated arrival time are shown before you confirm.

What does it cost to send crypto to a Nigerian bank?

RedotPay does not publish a naira fee or exchange rate. Its payout FAQ says fees vary by currency and receiving method and are shown before you send, and that the exchange rate locks when you tap Confirm. Compare the amount the app quotes with what you would get from P2P before you commit.

Can I cancel or reverse a RedotPay transfer to a bank account?

No. RedotPay says a processed transfer cannot be canceled. If the account details are invalid the transfer fails and the money returns to your RedotPay balance. If the account exists but the details were wrong, contact the recipient's bank immediately, because RedotPay cannot reverse funds once they reach a valid account.

Can I send to someone else's Nigerian account?

RedotPay's payout FAQ says you can send to another person's account and that the option is not available for business accounts. Its help center article says transfers go to personal accounts. The press release says the feature is for verified users with a local bank account and does not address third-party recipients, so check the rules in your app.

Thinking of trying RedotPay?

Our link and codes may earn us a referral reward, as disclosed above. Check that naira payouts appear in your app before you rely on them.

Open RedotPay signup

Virtual: RDVIR Physical: RDPHY

CryptoCard Insider is an independent comparison site and a disclosed RedotPay referral partner: we may earn a reward when you sign up through our links, at no extra cost to you. See the affiliate disclosure.

RedotPay Send Crypto, Receive NGN: What It Is and How It Works (2026)

What is RedotPay's Send Crypto, Receive NGN feature?

How do I send crypto to a Nigerian bank account with RedotPay?

What the payout FAQ says about fees, rates and mistakes

Before you send naira

What we could not verify

Sources, all read on 2026-10-21

Frequently Asked Questions

Thinking of trying RedotPay?

Related Guides