How to Sell Bitcoin in Nigeria in 2022
Bitcoin is the world’s first and most popular cryptocurrency, with the largest market capitalization, and Nigeria is not left out of the crypto sum. According to PUNCH, Nigerians traded at least N77.75 billion ($185 million) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country.
In Nigeria, where most depend on multiple sources of income, they have looked to sell cryptocurrency. In this article I am going to tell you how to trade Bitcoin in Nigeria in 2022.
Before thinking about how to sell your Bitcoin, you must first choose a suitable platform. Choosing an appropriate platform to trade Bitcoin is not just about personal preference. Instead, consider some factors that will help you have a seamless trading experience.
Factors to consider when choosing a crypto exchange platform
Crypto availability: There is nothing more disappointing than finding and signing up with a crypto exchange platform, but they don’t have the cryptocurrency you want to sell. Fortunately, most platforms always have Bitcoin available since it is the most popular digital currency. Always make sure you do your research beforehand to ensure that the digital currencies you wish to trade are available on the platform.
Fees: Some exchange platforms require specific transaction fees. Fees such as; deposit fees, withdrawal fees, etc. Transaction fees vary according to platforms; some charge nothing. Some even go further and claim that they have no fees, but you later discover that there are some hidden fees.
Borders: Apart from varying fees, some crypto exchange apps have varying limits. Restrictions such as; Deposit limit, withdrawal limit and so on. The deposit limit limits how much you are allowed to deposit into your account on the app to make a transaction. While the withdrawal limit limits how many times or how much you can withdraw and deposit into your external or personal bank account. Withdrawal limits come in different forms. The different withdrawal limits are; daily limit, monthly limit or even yearly limit.
Safety: When choosing a platform to trade with, you need to consider protection. Keeping your money safe is essential and you need to choose an app that will ensure that.
Customer service: 24/7 customer support availability is also important. There must be a representative available to support you and help you with any questions at any time. Multiple contact options are also essential. Some popular contact options are; Live Chat, email, social media, conversation, etc.
Best App to Sell Bitcoin in Nigeria- Breet App
Putting together all the previously listed and explained factors you should consider when choosing a crypto exchange platform, let me tell you about the best app to sell Bitcoin in Nigeria, Breet App.
Breet is an OTC crypto trading app that allows users to receive Bitcoin, convert it to cash and withdraw it to their local bank account within minutes.
It is best for the ideal user to just want to sell Bitcoin in Africa and convert it to cash without worrying about cryptocurrency volatility.
Breet is 100% free as it has no deposit, withdrawal or other hidden fees and no deposit and withdrawal limit. Their customer service is available 24/7 at [email protected] and call/WhatsApp 08090569499
Breet also supports other cryptocurrencies, meaning you can sell Ethereum, Litecoin, Dogecoin, Tether (USDT) and Bitcoin Cash.
With a user-friendly interface, Breet App is easy to navigate and use. They recently introduced new features in their app such as; Crypto news and alerts where you can follow the latest happenings in the crypto world, incentives where you can complete tasks and earn reward points that you can redeem for cash or airtime.
Breet is a customer-centric crypto exchange platform and aims to make the trading experience seamless for the average person.
It is available in both Nigeria and Ghana at the moment and can be downloaded on Android and IOS.
How to Sell Bitcoin in Nigeria on Breet App
Below is a step-by-step guide to selling Bitcoin in Nigeria using the Breet app.
create an account
On the dashboard, click on BITCOIN, which will open the Bitcoin trading page.
Generate a Bitcoin wallet address
Send the wallet address to the sender. You can do this by having the sender scan the QR code or copy the wallet address to the clipboard and send it.
Wait for a minimum of 3 confirmations from the blockchain
Receive Bitcoin in your wallet and automatically convert it to your fiat currency, Naira.
Withdraw to your local bank account.
How to Generate a Bitcoin Wallet Address on the Breet App
Generating a Bitcoin wallet address requires three steps.
Log in to your Breet account.
On the dashboard, click BITCOIN, which will open the Bitcoin trading page.
Click on “Generate wallet address”
That’s it! You can now receive Bitcoin from anywhere in the world.
Conclusion
Selling Bitcoin doesn’t have to be long and stressful. With Breet, you are guaranteed a seamless trading experience. With just a few steps, you can sell your Bitcoin for the best prices and withdraw to your local bank account for free.
Get started by downloading the Breet App on the Google Play Store or Apple App Store.
