Is the Sendwave app really the best way to send money to Nigeria? Uncovering all the pros and cons in this article.
An overview of the Sendwave app
The first thing you should know about Sendwave is that it doesn't have a web version. It operates only as an app to send money to Nigeria and other countries. While convenient to some, many expats prefer using their PCs when transferring funds abroad. So, if you belong to the second category, Sendwave is automatically not the best app to send money to Nigeria for you.
In case you still want to download Sendwave, you’ll be offered:
- Cash pickups and bank deposits as transfer methods.
- Average euro to naira exchange rate.
- Most transfers are fee-free, but here’s a trick.
- Debit/credit cards and bank accounts as payment methods.
If transfer methods are relatively clear, the costs and rates require more attention.
Sendwave exchange rate
The Sendwave exchange rates are not among the most competitive on the market. Take November 17th, 2025 as an example:
- Sendware exchange rate: 1 EUR = 1,669.53 NGN.
- Profee’s offer: 1 EUR = 1,708.21 NGN.
Sendwave claims to have no fees, but in reality, it hides the charges inside unfavourable rates. Think twice before falling for this trick and treating Sendwave as the best app to send money to Nigeria. Compare alternatives: with Profee, the trusted online service, your recipient will get much more.
Sendwave app reviews
Currently, Sendwave has a score of 4.3 out of 5 on Trustpilot. Not the worst nor the best rating among the online transfer services. Generally, people praise the simplicity and speed of the transfers, but some issues outweigh all the benefits:
Sensitive to scams
Some expats mention that they’ve been scammed via Sendwave. Yet, their customer support was helpless in such cases. If you value your safety, it’s better to switch to alternatives which actually monitor fraud activity, for example, Profee.
Cancellation challenges
Those who have cancelled their transfer share that getting money back is nearly impossible. The service claims that no money was taken and suggests contacting the bank directly. Some customers are totally dissatisfied with the quality of service assistance. It seems that Sendwave is not the best app for sending money to Nigeria.
Account blocks
Some customers had an unpleasant experience with account blocks, to say the very least. What happened: money was credited to the Sendwave wallet smoothly, then the account got blocked, as well as access to all the funds. One person has lost 2,000 USD.
It doesn't mean that everyone is so unlucky, but you should be aware of what can happen. That's why we recommend visiting Trustpilot and social media to search for reviews. Read, compare and form your own opinion on which app is the best one to send money to Nigeria.
More tips:
FAQ — Best way to send money to Nigeria
Does Sendwave work in Nigeria?
Yes, Sendwave sends money to bank accounts in Nigeria.
How much is a dollar to Naira on Sendwave?
You can check the current euro to naira exchange rate on their website or in the app. Keep in mind that Sendwave exchange rates are often poorer than those of competitors. If you want to get a better value, consider using Profee.
How long does Sendwave transfer take?
From minutes to 3-7 days.
Is Sendwave illegal?
Sendwave is a legally established service operating officially worldwide.
How can I send money to Nigeria via Profee?
Profee is one of the best apps to send money to Nigeria in terms of simplicity:
- Join Profee.
- Select countries.
- Add transfer amount.
- Pick a payment method.
- Enter recipient details.
- Review and confirm.
