XFiat Guides & Tutorials

How to Create Your XFiat Account

Getting started with XFiat is quick and secure. Follow these steps:

1. Visit XFiat.app: Click "Sign Up" on the homepage
2. Enter Your Details: Provide your email address and create a strong password (minimum 8 characters with uppercase, lowercase, and numbers)
3. Verify Email: Check your inbox and click the verification link we send (check spam folder if not received within 2 minutes)
4. Complete KYC: Upload a clear photo of your government-issued ID (National ID, Driver's License, or International Passport)
5. Add Bank Account: Enter your Nigerian bank account details (we support all major banks)
6. Start Transferring: You're all set! Get your wallet address and send crypto

Verification Time: Most accounts are verified within 5-15 minutes during business hours.

Making Your First Crypto Transfer

Here's how to convert cryptocurrency to Naira in your bank account:

1. Log In: Access your XFiat dashboard
2. Select Cryptocurrency: Choose the crypto you want to send (Bitcoin, Ethereum, USDT, etc.)
3. Get Wallet Address: XFiat generates a unique deposit address for you
4. Copy Address: Click to copy your wallet address (double-check it's correct!)
5. Send Crypto: From your exchange or wallet (Binance, Coinbase, Trust Wallet, etc.), send crypto to this address
6. Wait for Confirmation: Monitor the blockchain confirmation (time varies by network)
7. Receive Funds: Once confirmed on blockchain, bank payment arrives within 45 seconds to 3 minutes

Pro Tip: Always send a small test amount first if it's your first time transferring large amounts.

Understanding XFiat Fees

XFiat operates on a simple, transparent fee structure:

• Transaction Fee: 0.5% on all conversions
• No Deposit Fees: We don't charge for receiving crypto
• No Withdrawal Fees: Bank transfers to your account are free
• No Monthly Fees: No maintenance or subscription charges

Example Calculation:

If you send $1,000 USDT when the rate is ₦770/$1:

• Gross Amount: ₦770,000
• XFiat Fee (0.5%): ₦3,850
• You Receive: ₦766,150

The exchange rate is updated in real-time and locked in when you initiate the transaction.

Security Best Practices

Keep your account and funds safe with these tips:

Account Security

• Enable Two-Factor Authentication (2FA) using Google Authenticator or Authy
• Use a unique, strong password (never reuse passwords from other sites)
• Never share your password or 2FA codes with anyone (XFiat will never ask for these)
• Log out when using shared or public computers

Transfer Safety

• Always verify wallet addresses character by character before sending
• Use the copy button to avoid typos (never type addresses manually)
• Select the correct blockchain network (TRC20 vs ERC20 for USDT)
• Send a small test transaction first for large amounts

Phishing Protection

• Always check the URL is exactly "xfiat.app" (not xfiat.com, xf1at.app, etc.)
• Bookmark the official website to avoid fake sites
• XFiat will never email asking for your password or 2FA code
• Beware of fake customer support on social media (verify official channels)