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Neteller Nigeria – How to Open an Account and Deposit Guide

This guide will show you how to get started with Neteller in Nigeria and how to use it to add funds to an online casino or forex broker account.
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Author: Andrew O'Malley

Last Updated: July 4, 2020
Neteller Nigeria
Neteller Nigeria

Neteller is one of the most popular digital payment methods out there today and is now available for people in Nigeria to use. This Neteller review will walk you through the various steps involved in setting up your Neteller account for the first time, adding funds to it, and then using these funds to start playing your favorite casino games or make forex trades.

Neteller has been in the digital payment space since 1999, so it has built up a lot of respect and authority over time. There are many great advantages to using it when making online payments – let’s take a look at what those benefits are.

    Why Use Neteller?

    There are a few different major reasons why you should consider using Neteller in Nigeria. It has been one of the leaders in the digital payment space since it released its first offering back in 1999.

    Millions of casino players and forex traders have used this method to add funds to their respective accounts over the years, and it is a great way to quickly transfer funds in a safe and secure manner. Let’s take a closer look at the benefits of using Neteller.

    Great security

    One of the best aspects of using Neteller to make online payments is that it provides a safe way for you to make payments to third-party merchants. When you are dealing with these third-party platforms, you cannot always be sure that your sensitive data will be kept safe when making transactions or if it is in storage.

    Using Neteller means that you do not have to share any of your sensitive financial data with the third-party. You simply provide your Neteller username and password and you are good to go. Neteller has the best in encryption technology when it comes to protecting its customers’ data, which provides you with peace of mind when making online transactions.

    Easy to use

    Another great advantage of using Neteller is that it processes your funds a lot quicker than a lot of other major transaction methods. Usually, your funds will be deposited instantly into your online casino or forex broker account when using Neteller. After your withdrawal request has been processed, these funds will usually then hit your Neteller within a few hours.

    This compares favourably to the likes of debit card and bank transfer withdrawals, which often take 3-5 business days for the funds to hit your account. This saving of time can certainly make a big difference when it comes to having access to your funds in a fast and efficient manner.

    Step 1: Open a Neteller Nigeria Account

    Once you have decided to use Neteller as a payment method, you can go to the Neteller website either through your mobile device or a desktop computer. Select the ‘Register’ button and you can start filling your personal information. Initially, this means adding your full name, email address and setting your account password.

    Neteller Nigeria Register

    You will then need to comply with identification verification. This means that you have to provide a proof of ID, such as a driving license or passport, as well as a proof of address. Usually, verification of these documents will happen almost straight away. Email confirmation will be sent to you informing you that your account is then good to go.

    Step 2: Fund Your Neteller Account

    As soon as you have verified your Neteller account, you can then look at adding funds to it. There are a few different options to do so, such as credit card, debit card, bank wire transfer Skrill, PayPal and even Bitcoin.

    Enter your country of residence and what base currency you want to use for your Neteller account. Before adding the funds, you will also need to enter some other information, such as your home address, phone number and date of birth. A confirmation code will be sent by SMS to confirm this account.

    Neteller Nigeria verify

    After doing so, you then need to make a six-digit secure ID for your account that will be used upon logging into or making transactions using Neteller.

    Neteller Nigeria ID

    Finally, select the deposit method you prefer, enter the relevant details and how much you wish to deposit. 

    Neteller Nigeria deposit

    Step 3: Select Your Neteller Casino or Forex Broker

    Once you have funds in your Neteller account, you will then be ready to start playing online casino games or making forex trades. There are many different platforms that Neteller in Nigeria, but these are two of the most popular options. Here are the leading choices for online casino players and forex traders that are looking to use Neteller in Nigeria.

    1. Sloto’Cash Casino - Best Neteller Nigeria Online Casino

    Sloto’Cash Casino has been around since 2007 and has constantly been expanding and improving its offering. Its owner is Deck Media, which operates a number of other leading online casinos, so there is a lot of experience at Sloto’Cash Casino.

    It holds a license in Curacao and the software for the platform is provided by one of the market leaders in Real Time Gaming. All games are independently tested for fairness, so you know that you are in with a fair chance of being successful.

    For slots players, there are plenty of different quality options. You can quickly filter through the various titles, using categories such as 5-reel, 3-reel, 6-reel, bonus slots, floating symbols and progressive jackpot slots.

    There is something here for all types of slots fans. Some of the leading titles include the likes of Cleopatra’s Gold and Cash Bandits. You also have most of your bases covered for table games, with different blackjack and roulette variants, as well as casino poker and baccarat to check out.

    The video poker offering Sloto’Cash Casino is very extensive, with dozens of different great options to check out. There are some specialty games on offer, such as craps and keno, with some of the progressive jackpot games such as Aztec’s Millions giving you the chance to win millions of dollars.

    While the platform design looks slightly outdated, it is very fast and you can also play on your mobile device. The customer support team is available on a 24/7 basis to resolve any issues that you may have. For new players at Sloto’Cash Casino, there is a welcome bonus that offers bonus funds of up to $7,777 as well as 300 free spins.

    Overall, Sloto’Cash Casino is a great option for players in Nigeria who are looking to play casino games using Neteller.

    Our Rating

    • Great selection of different game types
    • Large welcome bonus offer
    • Customer support open 24/7
    • Fast site speed
    • Design is slightly outdated

    2. ForexTime - Best Neteller Nigeria Forex Broker

    ForexTime has been around since 2011 and it is mainly focused on forex and CFD trading. It is well regulated across the world, holding licenses from leading bodies such as the UK’s Financial Conduct Authority (FCA), so you know that you are dealing with a broker that has a great reputation.

    You have about 50 different currency pairs available to trade, as well as a number of stock, indices, and commodity CFDs to trade, though the selection is somewhat less than a lot of ForexTime’s competitors. There are also a few different cryptocurrencies that you can trade. You have the option to use leverage when trading, though make sure you use it with caution.

    One of the highlights of the ForexTime offering is the fee structure. The CFD trading fees are very low, with the forex trading fees also being pretty decent. Currently, there are no proprietary trading platforms on offer at ForexTime.

    Instead, the industry-wide MetaTrader 4 and MetaTrader 5 platforms are available to use, which are ideal for forex and offer a range of advanced trading tools and features such as trading robots.

    Overall, ForexTime is an ideal option if you are looking for low trading fees and a decent selection of tradable assets.

    Our Rating

    • Well-regulated
    • Very good fee structure
    • Strong research capabilities
    • Easy to use
    • Range of tradable assets not as large as others

    Step 4: Fund your Casino or Forex Broker Account

    Once you have selected the online casino or forex broker that you are going to sign up for, you will be ready to get started and deposit your funds using Neteller.

    For Sloto’Cash Casino

    To get started with Sloto’Cash Casino, got to the website on your desktop or mobile device and select the ‘Sign Up’ option. The first step is entering your full name, email address and choosing both a password and a username. You will then need to enter your full home address. Finally, you will enter your date of birth, gender and mobile phone number and accept the site’s terms and conditions.

    Sloto'cash casino Nigeria

    To add funds to your new Sloto’Cash Casino account, you need to select the ‘Cashier’ menu option. You will see the available options, choosing Neteller and simply entering your Neteller ID or email address, your six-digit code and the currency and amount you want to deposit. There is a minimum deposit of $20 and a max of $2,500 through this method.

    Sloto'cash Casino neteller

    For ForexTime

    Go to the ForexTime website and select ‘Open Account’. Enter your full name, country of residence, mobile phone number, email address and password. You will get a PIN sent to your phone that you will need to enter to confirm your new account. Agree with the terms and conditions and you will then be able to get started adding funds.

    ForexTime Nigeria sign up

    To add funds to your account, go to the ‘My Money’ section and select ‘Deposits’. Select Neteller as your method of choice, select how much you wish to deposit and enter your Neteller username, 6-digit code and you are good to go.

    Step 5: How to Withdraw Your Funds to Neteller

    If you have made a nice profit through your online casino play or through trading forex, you may be ready to withdraw funds to your Neteller account.

    For Sloto’Cash Casino

    Go to the ‘Cashier’ option and select the withdraw tab. You will then need to choose a withdrawal option, Neteller in this case. There is a minimum required withdrawal of $25 and a max of $2,500. Select how much you want to withdraw and the destination Neteller address and the funds will process within a few hours after the request has been approved by Sloto’Cash Casino.

    sloto'cash casino withdrawal Nigeria

    For ForexTime

    Go to the ‘My Money’ section and select ‘Withdraw’. You need to select Neteller and then determine exactly how much you want to withdraw. A lot of times you will have to enter your ForexTime PIN before this transaction can be processed. The funds should transfer pretty quickly once ForexTime approves the request, provided your account has already been fully verified through proof of ID and proof of address.

    Step 6: How to Withdraw From Neteller to Your Bank

    If you want to withdraw funds from Neteller to your bank account, go to ‘Money Out’ on your Neteller account and choose a relevant bank transfer option. Enter the sum you are withdrawing and the destination bank account details. It will usually take a few working days for these funds to reach your bank account, with some banks being faster and others being slower.

    Neteller Fees & Other Expenses

    There are a few different fees to consider when you are using Neteller. There is a 2.5% deposit fee for most payment methods, as well as a $10 fee for making a bank transfer withdrawal.

    For currency exchange fees, there is usually 3.99% added to the daily interbank rate by Neteller. However, you won’t be charged for sending money to another Neteller account or another e-wallet.

    Conclusion

    As you see in this guide to using Neteller in Nigeria for making payments with an online casino or forex broker account, you can easily get started in just a few minutes. It is very easy to use and you know that your funds will be safe and sound when using this as your payment method.

    If you do want to use Neteller to fund your online casino play or forex trading, look no further than the two platforms below. Simply click the links to sign up, fund your account with Neteller, and begin playing casino games or trading forex today.

    Our Recommended Neteller Nigeria Casino

    Our Rating

    slotocash Casino Nigeria
    • Great Selection of Different Game Types
    • Large Welcome Bonus Offer
    • Customer Support Open 24/7
    • Very Good Site Speed
    slotocash Casino Nigeria

    Our Recommended Neteller Nigeria Forex Broker

    Our Rating

    ForexTime Nigeria
    • Well-Regulated
    • Very Good Fee Structure
    • Strong Research Capabilities
    • Easy to Use
    ForexTime Nigeria

    FAQs

    Is there a mobile app for Neteller?

    Yes, both Android and iOS users can download the app from the respective App stores. Most activities can be conducted through this app, except for uploading verification documents.

    Is there a Neteller inactivity charge?

    If you have not used your Neteller account for a 12 month period, there will be a monthly fee of $5 charged for your inactivity. There can be no negative balance.

    Can you transfer funds to other people's Neteller accounts?

    Yes, this can be done instantly and for free, no matter where the account holder of the account you are sending to may be located.

    What documents can be used to complete verification at Neteller?

    The likes of a passport or driving license are ideal for photo ID, while a recent utility bill or bank statement can be used for the proof of address.

    All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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    Andrew has been writing about the gambling industry for more than five years, covering everything from sports betting to casinos and poker. With the sector constantly evolving, he loves nothing better than staying up to date with the latest movers and shakers in the space.