Here's what you'll be charged when withdrawing from each wallet on Prestmit.
Naira withdrawals
A flat ₦50 fee is charged on every Naira withdrawal. This covers stamp duty and bank charges following a directive from the Central Bank of Nigeria (CBN). The fee is fixed regardless of the withdrawal amount.
Cedis withdrawals
Withdrawals to mobile money wallets (MTN MoMo, Vodafone Cash, etc.) are free. For merchant bank withdrawals, a processing fee may apply. You'll be notified of the fee and asked to confirm before the withdrawal is processed.
USD withdrawals
To withdraw USD from your Prestmit wallet, you need to save a stablecoin wallet address first. This is the external wallet where your USD will be sent. However, network fees may apply based on the network conditions at the time of the transaction.
Crypto withdrawals
Prestmit does not charge fees for crypto withdrawals. However, standard network fees may apply depending on the coin and network conditions at the time of the transaction. Any applicable fee will be deducted from your payout.