Cheapest way to send money to Nigeria

Rank routes on transfer fee plus exchange-rate margin, not on the advertised fee. On this corridor the fintech providers and the stablecoin route via Yellow Card are typically within a percent of each other, while cash-network operators cost two to three percent more because you are paying for a physical payout counter.

Fintech and remittance transfers to a bank account usually land within minutes to one business day; bank wires take two to five days and stop over weekends. The stablecoin route settles in minutes at any hour, with the only wait being the local off-ramp's payout.

It depends on the off-ramp. The on-chain transfer itself costs cents, but you pay to enter the system and roughly 1.6% to leave it at Yellow Card. That makes it competitive rather than automatically cheapest — and clearly better when speed, weekend availability, or being paid in dollars matters. P2P naira pricing frequently sits above the official rate — the on-chain route can deliver more naira than the official corridor, not just faster.

Personal remittances are generally not taxable income for the recipient, but reporting rules, limits and crypto-specific charges vary by country. Check local rules before using any route, particularly the on-chain one.