How to deposit NGN on Palremit

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Here are the steps to deposit Nigerian Naira (NGN) into your Palremit wallet:

  • Create a Palremit account and complete the KYC verification process by providing your selfie photo and Bank Verification Number (BVN). Without a verified account, you cannot get a Nigerian Naira (NGN) account.
  • In the Palremit app, select Deposit.
  • Palremit will provide you with a dedicated NGN bank account number to transfer funds to. Copy the account number.
  • Make the bank transfer of NGN to the provided account number. Please make sure you transfer to only the account number provided.
  • Once the transfer is complete, the value of your deposit will reflect on your Palremit account.

The deposited funds can then be used to:

  • Exchange for other fiat currencies like United States Dollar (USD) or Kenyan Shilling (KES), and cryptocurrencies like USDT, BTC, SOL, or ETH using the in-app Swap feature.
  • Send to other Palremit users via the Send feature using Palremit P2P.
  • Fund your Palremit cards when you convert to USD.
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