In today’s globalized economy, the ability to convert dollar to naira easily is essential for Nigerians engaging in international transactions. Eversend, a digital financial services platform, offers a seamless solution for currency conversion. In this article, we will guide you through the process of converting dollar to naira on Eversend, specifically tailored for the Nigerian audience.
What is Eversend?
Eversend is a fintech company that provides a wide range of financial services through its digital platform. Designed with Nigerians in mind, Eversend aims to simplify financial transactions and make it easier for individuals and businesses to send money, exchange currencies, and access other essential financial services.
Eversend’s Multi-Currency Wallet
One of Eversend’s key features is its multi-currency wallet, which allows users to manage different currencies within a single account. With this wallet, you can conveniently hold Naira, Dollar, and other currencies in one place, simplifying your financial management.
Converting Naira to Dollar on Eversend: A Step-by-Step Guide
To convert Naira to Dollar on Eversend, follow these simple steps:
1. Sign up and verify your account
Visit the Eversend website or download the Eversend mobile app from the App Store or Google Play Store. Sign up for an account by providing the necessary information.
Complete the verification process by submitting the required identification documents, ensuring compliance with Eversend’s guidelines.
2. Fund your Eversend wallet
To convert Dollar to Naira, you need to have funds in your Eversend wallet. Link your bank account or use other available funding options, such as debit/credit cards, stable coins or mobile money, to add funds to your Eversend wallet. Another possible funding option is to receive dollars from another Eversend user into your Eversend USD wallet.
Ensures you have up to 1 or more Dollars to convert into Naira. You can also check the Eversend rates on Monierate website and see how it fares alongside other exchange apps.
3. Access the currency exchange feature
Once your Eversend wallet is funded, open the app, and look for the currency exchange section, usually the exchange rate is shown when you try to convert by clicking the Exchange icon.
4. Select the currency pair
Swipe right (or left) to your USD wallet and tap on the Exchange icon below your USD balance. Alternatively, you can tap on the Exchange icon below your NGN balance if you are converting from Naira to Dollar. Just ensure you select the correct currency pair.
5. Enter the amount
Specify the amount of Dollars you want to convert to Naira. Eversend will display the approximate conversion rate and the resulting Naira amount based on the current exchange rate. If you are converting from naira to dollar, specify the amount of Naira you want to convert to Dollar.
6. Confirm the transaction
Review the transaction details, including the exchange rate, fees (if any), and the Naira amount you will receive. If everything is accurate, confirm the transaction to initiate the currency exchange process.
7. Receive the converted amount
Eversend will process the transaction and convert your Dollar to Naira using real-time exchange rates. The converted amount will be reflected in your Eversend wallet, ready for use in various local transactions or payments.
Stay Informed About Exchange Rates
Exchange rates fluctuate, so it’s crucial to stay informed about the current rates. Eversend ensures transparency and accuracy by using real-time rates. You can stay up to date on Eversend’s exchange rate on the Monierate website. By keeping an eye on the exchange rates, you can make informed decisions regarding currency conversion.
In conclusion, Eversend provides a reliable and convenient platform for Nigerians to convert Dollar to Naira and other currencies. By following the step-by-step guide provided above, you can easily convert your Dollar to Naira using the Eversend digital platform. Enjoy seamless currency conversion and take advantage of Eversend’s other financial services to enhance your overall financial experience. Simplify your currency conversion with Eversend and embrace the benefits of a digitally connected financial world.
