How TorerExchange works
Learn how to send money from Nigeria to Cyprus in just a few simple steps
1. Create your account
Sign up with your email and complete the quick verification process. We need to verify your identity to comply with international regulations and keep your money safe.
- Valid email address and phone number
- Government-issued ID (NIN or Passport)
- Proof of address (utility bill or bank statement)
2. Top up your wallet
Add funds to your TorerExchange wallet in GBP. We support multiple payment methods to make it easy for you.
- PayPal (instant)
- Debit/Credit card via PayPal guest checkout
3. Send money to Cyprus
Enter the amount you want to send and your recipient's bank details. We'll show you the exact amount they'll receive before you confirm.
- See the NGN equivalent and service fee upfront
- Funds are processed and sent via secure banking channels
- Track your transfer in real-time from your dashboard
- Recipient receives money in their Cyprus bank account
Frequently asked questions
Most transfers are completed within 1-2 business days. The exact time depends on the recipient's bank and the time of day you send the transfer.
We charge a flat 20% service fee on all transactions. There are no hidden fees, and you'll see the total cost before confirming your transfer.
Yes. We use bank-level security, comply with all financial regulations, and store funds in secure, segregated accounts. Your money is protected at every step.
You'll need their full name (as it appears on their bank account), IBAN, bank name, and optionally their SWIFT/BIC code and address.