Glossary
A promise that the rate you are shown now is the rate you get, for a set time. It protects you between agreeing a price and the money arriving. Without one, the rate can move while a payment is in flight and you receive less than you expected.
Why dollar to naira mid-market rates don't agree, what apps publish about their conversion cost, and a one-line way to work out what a rate is costing you.
Most crypto price trackers calculate a naira USDT price from the official dollar rate instead of reading a naira orderbook. The gap was ₦46.94 a dollar on 16 September 2026.
