BakarePay
Today's Deriv rate₦1,395 · ₦1,335Deposit · Withdrawal, per $1
Sat 26 Sep Live
Nigeria's No. 1 Deriv Premium Payment Agent and Deriv Partner
If trading is hard, your cash-out shouldn't be.
Withdraw from Deriv to naira, typically within 5 minutes. No fuss, no stress.
Fast funding when the market moves, real people to talk to and a community that helps you grow.
Deposit at ₦1,395/$ and withdraw at ₦1,335/$.
Signals, setups and market chat on Telegram and WhatsApp, plus the BakarePayFx Trading Academy.
Deposits and withdrawals in naira, open 6:00 AM to 11:59 PM, every single day.
~5 minTypical processing time
$5Minimum to fund Deriv
6:00 AM to 11:59 PMOpen every day, weekends included
BakarePay
Deriv deposit$50.00₦70,000.00 paid · to AdaezeFX
BKP-DRV-7K2M9QXA Completed
BakarePay
Deriv withdrawal$40.00→ ₦53,200.00 to your wallet
BKP-DWD-4H8TQ2PL Credited
BakarePay
Trading communitySignals & setupsTelegram · WhatsApp · Academy
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Trade smart. Learn fast. Grow consistently with BakarePayFx Trading Academy.
Rates and terms
Today's Deriv rates
What you pay for each dollar you send to Deriv, and what you receive for each dollar you withdraw.
Rates for
Naira per US dollar
- Funding Deriv
- ₦1,395 per $1
- What you pay in naira for each dollar we send to your Deriv account.
- Withdrawing from Deriv
- ₦1,335 per $1
- What you receive in naira for each dollar you withdraw from Deriv.
- Minimum
- $5 to fund Deriv and $5 to withdraw.
- Opening hours
- 6:00 AM to 11:59 PM, every day, weekends included.
- Processing time
- Most transactions are completed within 5 minutes.
- Crypto
- For crypto transactions, please use PayRu at payru.com.ng (opens in a new tab).
How it works
How deposits and withdrawals work
You set up once. After that, funding Deriv or withdrawing to naira takes a few taps from your dashboard. Stuck on a step? Message us and a real person will help.
Naira → Deriv
How to deposit
- Create your account
Sign up free with your email address and phone number.
- Get your own account number
Verify your BVN and we issue you a deposit account number straight away. It belongs to you alone and you can use it as often as you like.
- Send naira to it
Transfer from any Nigerian bank. Your BakarePay wallet is credited automatically, usually in under a minute, with no deposit fee.
- Connect your Deriv account, once
Add your payout bank and choose a 4-digit transaction PIN, then sign in on Deriv and approve BakarePay. We never see your Deriv password.
- Fund Deriv
Enter the amount in dollars and confirm with your PIN. The naira comes out of your wallet at today's rate and the dollars reach your Deriv account within seconds.
Deriv → Naira
How to withdraw
- Create your account
Sign up, verify your BVN, add the bank account you want to be paid into and choose your transaction PIN.
- Connect your Deriv account, once
Sign in on Deriv and approve BakarePay. If you have already connected it to deposit, skip this step.
- Request the withdrawal
Open Withdraw in your dashboard, enter the amount in dollars and tap Send verification code. You don't need to visit Deriv's cashier.
- Enter Deriv's code
Type in the 6-digit code Deriv emails you. Once Deriv confirms, the naira lands in your BakarePay wallet at today's withdrawal rate, usually within minutes.
- Cash out to your bank
Send the money to your bank account whenever you like. A flat fee of $1.50, charged in naira at today's rate, is added to each cash-out.
Rate calculator
See exactly what you pay, before you pay it
Type an amount in either box to see what a deposit costs in naira, or what a Deriv withdrawal pays you.
- Today's rates. The same rates as our rate board, updated the moment they change.
- No fees on Deriv transfers. The rate you see is the price you pay.
Deriv made easy
New to Deriv? Start here
Set up your Deriv account in minutes, or earn with Deriv as a partner. Both start with one link.
Set up your Deriv account
Register on Deriv, then fund it in naira through BakarePay. You can be trading the same day.
Register on Deriv (opens in a new tab)Join as a master affiliate
Bring traders to Deriv and earn commission when they trade. Join through the BakarePay link to become a master affiliate today.
Join here (opens in a new tab)Deriv is a separate company. BakarePay is an independent payment agent.
Trading communities
Join a community of like-minded traders
Network & Signals Protocol. Share setups, catch signals and grow with traders who get it.
Why BakarePay
We care about your trading success
Trading is hard enough. Getting your money in and out of Deriv shouldn't be.
Rates that are hard to beat
₦1,395/$ in and ₦1,335/$ out.
Done in minutes
Most deposits and withdrawals are completed within 5 minutes.
Open every day
Open 6:00 AM to 11:59 PM, weekends included.
Crypto? Use PayRu
For crypto transactions, head to payru.com.ng (opens in a new tab).
Learn as you earn
Trade smart and learn fast with the BakarePayFx Trading Academy.
Real people, real answers
Talk to our team and our trading community, not a bot.
FAQ
Frequently asked questions
Can't find what you're looking for? Our team is happy to help.
BakarePay is an independent Deriv payment agent in Nigeria. You pay naira into your own BakarePay account number and we send dollars to your Deriv account. When you withdraw from Deriv, we pay naira into your BakarePay wallet, ready to cash out to your bank. Most transactions are completed within 5 minutes.
Create your account and verify your BVN to get your own deposit account number. Transfer naira to it from any Nigerian bank and your wallet is credited automatically. Add your payout bank and transaction PIN, connect your Deriv account once, then open Fund Deriv, enter the amount in dollars and confirm with your PIN. The dollars reach your Deriv account within seconds.
You do it from your BakarePay dashboard, not from Deriv's cashier. With your Deriv account connected, open Withdraw, enter the amount in dollars and tap Send verification code, then type in the 6-digit code Deriv emails you. Once Deriv confirms, the naira lands in your BakarePay wallet at today's withdrawal rate, usually within minutes. From there, cash out to your bank account whenever you like.
Transactions are typically completed within 5 minutes. We are open 6:00 AM to 11:59 PM, every day, weekends included.
- General rate: deposit at ₦1,395/$ and withdraw at ₦1,335/$.
Rates move with the market. The rate board always shows today's.
Yes. The minimum is $5 to fund Deriv and $5 to withdraw from it. Cash-outs to your bank start from ₦1,000. There is no minimum for adding money to your wallet.
Not on BakarePay. For crypto transactions, please use PayRu at payru.com.ng (opens in a new tab).
Only use the links and numbers on this website. When you connect Deriv, you sign in on Deriv's own website, so we never see your Deriv password.
The 6-digit code Deriv emails you belongs only on the Withdraw screen in your BakarePay dashboard. Our team will never ask for it, or for your PIN, by phone, WhatsApp or email.
Still have a question? Email us or chat on WhatsApp (opens in a new tab).
Put BakarePay on your home screen
It opens like an app, and there's nothing to download from an app store.