Which Mobile Money operators can I use in Benin?

PayFaye pays your sales to MTN MoMo and Moov Money. When buying, you pay with the operator offered on the secure payment page.

Which cryptos can I buy or sell in Benin?

USDT and BTC, on the networks shown before you confirm (TRC20, ERC20, BEP20, Solana, TON, and Bitcoin).

Do I need to verify my identity?

Yes, before your first exchange: an ID document and a selfie in the app.

Are fees shown in advance?

Yes. The rate includes a 2% margin; on a purchase, the Mobile Money fee (1%) is added; on a sale there is none. Network fees depend on the blockchain.

Benin

Buy and sell USDT and Bitcoin with Mobile Money in Benin

Trade USDT and BTC for CFA francs in Benin with MTN MoMo and Moov Money. Rate, fees and amount received are shown before you confirm, and every payout is checked.

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Mobile Money in Benin: 2 operators

In Benin, PayFaye pays the proceeds of your crypto sales to MTN MoMo and Moov Money. Whether you are in Cotonou or elsewhere in the country, all you need is a Mobile Money number from the country that matches the operator you choose.

Buy crypto in Benin

Choose the amount, the crypto (USDT and BTC) and the network, then paste your wallet address: the rate and fees are shown before you confirm. You pay with your Mobile Money on the secure payment page, then the crypto is sent to your address after checks.

Current indicative rate: 1 USDT costs about 637.02 FCFA to buy and sells for about 612.04 FCFA, PayFaye margin included. The exact rate is shown and guaranteed for 30 minutes when you create an order.

Sell crypto and receive CFA francs in Benin

Enter your Mobile Money number (MTN MoMo and Moov Money), then send your crypto to the deposit address shown, valid for 30 minutes for the chosen crypto and network. After blockchain confirmations and a check of the payout, your number is credited in CFA francs. A sale has no Mobile Money fee.

Available cryptos and networks

Estimated network fee per network, deducted when sending on a purchase.

USDT · TRC20: 1 USDT
USDT · ERC20: 1 USDT
USDT · BEP20: 1 USDT
USDT · Solana: 1 USDT
USDT · TON: 1 USDT
BTC · Bitcoin: shown before you confirm

Fees and limits

Everything is shown before you confirm: no hidden fees.

Amounts are in CFA francs (XOF), the currency in Benin, shared with the other WAEMU countries.

Purchase example: for 50,000 CFA francs, the total to pay is 50,500 FCFA (Mobile Money fee included) and you receive about 77.49 USDT on TRC20, estimated network fee deducted.

Sale example: for 100 USDT sent, you receive about 61,204 FCFA on your Mobile Money.

Margin included in the rate: 2%
Mobile Money fee on a purchase: 1%
Mobile Money fee on a sale: None
Network fee: Depends on the blockchain, estimated then deducted when sending on a purchase
Minimum amount: The equivalent of 10 USD
Level 1 (identity verified): 200,000 FCFA per transaction, 500,000 FCFA per month
Level 2 (enhanced verification): 2,000,000 FCFA per transaction

Identity verification

Before your first exchange, identity verification is required: front and back of an ID document and a selfie, from the app. It protects your account and unlocks your limits. Each payout is then checked by the team.

Frequently asked questions

Which Mobile Money operators can I use in Benin?: PayFaye pays your sales to MTN MoMo and Moov Money. When buying, you pay with the operator offered on the secure payment page.
Which cryptos can I buy or sell in Benin?: USDT and BTC, on the networks shown before you confirm (TRC20, ERC20, BEP20, Solana, TON, and Bitcoin).
Do I need to verify my identity?: Yes, before your first exchange: an ID document and a selfie in the app.
Are fees shown in advance?: Yes. The rate includes a 2% margin; on a purchase, the Mobile Money fee (1%) is added; on a sale there is none. Network fees depend on the blockchain.

Verify your identity once

Ready to trade

Create your account, verify your identity once, then buy or sell at the rate shown.

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