---
title: "Ratefy: Currency Exchange in Nigeria — Fees"
description: "Exchange USD to naira in Nigeria via an escrow marketplace. Fees: transfer in 0.5% (cap ₦200), transfer out ₦20 + 7.5% VAT; 2% commission."
canonical_url: "https://liners.com/ratefy"
markdown_url: "https://liners.com/ratefy.md"
type: "product"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/tools/ratefy/screenshot.webp?v=1774369807602"
published_at: "2026-03-15T01:07:59.857Z"
updated_at: "2026-10-15T13:54:59.630Z"
---

# Ratefy: Currency Exchange in Nigeria — Fees

Exchange USD to naira in Nigeria via an escrow marketplace. Fees: transfer in 0.5% (cap ₦200), transfer out ₦20 + 7.5% VAT; 2% commission.

## Breadcrumbs

- [Fintech](/categories/fintech)
- [Ratefy](/ratefy)

## Summary

Trade foreign currency to Naira with escrow protection

A web platform for Nigerian freelancers and entrepreneurs to withdraw international earnings, exchange currencies via verified merchants, and complete trades with escrow.

## Product details

| Field | Value |
| --- | --- |
| Website | https://ratefy.co/ |
| Tagline | Trade foreign currency to Naira with escrow protection |
| Primary country | Nigeria |
| Platforms | Web |
| Average rating |  |
| Published reviews | 0 |
| Verified listing | No |

## About the product

Ratefy is a web-based cross-border payments and currency exchange platform for African users, with a primary focus on Nigerian entrepreneurs and freelancers who receive international payments and need to convert funds to Naira.

Key capabilities include:

- **AI-powered search and matching** to find services such as currency exchange, **OTC deals**, and proxy credit, then connect with relevant offers.
- **Marketplace trading** that lets users **buy and sell foreign currencies** by comparing real-time offers from **verified merchants** with transparent pricing.
- **OTC Deals** for **bulk trades**, providing curated offers and premium rates for larger exchanges.
- **Multi-currency wallets (NGN and USD)** with **instant conversion**, transfers, and real-time balance tracking.
- **Escrow protection** that holds funds until both parties confirm, reducing risk in peer-to-merchant trades.

Available on **Web**.

It targets **B2C users in Nigeria**, especially freelancers, creators, and online sellers withdrawing earnings from platforms such as TikTok, Fiverr, Payoneer, PayPal, Wise, Skrill, Remitly, and GTB Dom, plus merchants and agents who want to earn via the partner program.

Notable in the Nigerian market context, it positions currency exchange and payout conversion as a marketplace with escrow, and reports **15K+ active users**, **₦5B+ in processed transactions**, **99.9% uptime**, and a **4.9/5 user rating** (with **16 Trustpilot reviews** at **4.4/5** in the provided brief).

## Features

- [Fintech](/categories/fintech): Category
- [B2C](/tags/b2c): Product feature or technology
- [Cross-Border Payments](/tags/cross-border-payments): Product feature or technology
- [Escrow](/tags/escrow): Product feature or technology
- [Marketplace](/tags/marketplace): Product feature or technology
- [Multi-currency](/tags/multi-currency): Product feature or technology
- [P2P](/tags/p2p): Product feature or technology
- [Nigeria](/countries/nigeria): Market

## Related pages

- [Alternatives](/ratefy/alternatives)
- [Reviews](/ratefy/reviews)
- [Transparency](/ratefy/transparency)

## Access and citation

- [Canonical HTML page](https://liners.com/ratefy)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)