Question 1

What is Seeker Exchange?

Accepted Answer

Seeker Exchange is a live private-beta Naira-to-stablecoin ramp. You connect your own self-custodial wallet, buy USDC or USDT with Naira, sell them back to Naira, swap tokens across chains in beta, and review everything from a wallet dashboard and transaction history.

Question 2

What does it cost?

Accepted Answer

Seeker's service fee is 1% on buys and 0.9% on sells. Network or third-party costs may apply where relevant and should be reviewed before confirmation.

Question 3

Do I need to understand crypto or seed phrases?

Accepted Answer

You bring your own self-custodial wallet, so recovery and seed phrases are between you and your wallet provider. Seeker does not create wallets or hold private keys for you.

Question 4

How do I add money?

Accepted Answer

After verification, fund in Naira from any Nigerian bank through a virtual account in your name, provided by a licensed third-party partner. The Naira converts to USDC or USDT and arrives in your connected wallet.

Question 5

How do I cash out?

Accepted Answer

Sell your USDC or USDT to Naira in the app when the service is available. Payout availability and timing depend on the licensed partner and bank rails.

Question 6

Is the cross-chain swap live?

Accepted Answer

The cross-chain token swap is available in the app and labeled beta while we expand supported routes. Buying, selling and cashing out are available in the private beta.

Question 7

Can Seeker freeze my funds?

Accepted Answer

Seeker does not hold connected-wallet keys and cannot directly authorize transfers. Token issuers, networks, smart contracts, authorities, or fiat providers may impose restrictions under their rules or applicable law.

Question 8

Do I need to verify my identity?

Accepted Answer

Yes. KYC is required for Naira funding and cash-outs. The checks that apply depend on the licensed provider's role and terms.

Seeker Exchange: buy and sell stablecoins with Naira (live private beta)