Sell Bitcoin in Nigeria; Bitcoin has gained a lot of attention among the younger generation in Nigeria due to its anonymity, fast transaction time, and low fees. This is because traditional banking systems in Nigeria are fraught with numerous challenges such as long wait times, high transaction fees, and security concerns.
Unlike traditional banking, bitcoin provides a decentralized platform that lets people conduct transactions quickly and with low fees. Moreover, the anonymity of bitcoin appeals to many Nigerians who are worried about the privacy of their financial transactions.
With the increasing adoption of Bitcoin in Nigeria, there has been a rise in the number of platforms available for selling the cryptocurrency. However, not all of these platforms are legitimate, and many have poor ratings, making it essential to conduct thorough research before choosing a platform. It is important to choose a reputable platform that provides a reliable trading experience, with reasonable transaction fees and a user-friendly interface. To help simplify the process of selecting a platform, we have compiled a list of the most reputable platforms for selling bitcoin in Nigeria.
Sell Bitcoin in Nigeria
Binance P2P
Due to the cryptocurrency ban in Nigeria, selling bitcoin has become a challenge for Nigerians. However, they can still sell bitcoin on the peer-to-peer section of Binance. It is important to note that trading in a p2p marketplace requires some level of knowledge or experience. When using Binance p2p platform, you will be dealing directly with other traders, which means that you need to be cautious and only trade with reputable buyers.
It is also essential to ensure that you have a reliable payment method and that you verify the buyer’s identity before making any transactions. You can also buy bitcoin in Nigeria on Binance p2p.
Luno
Luno is a popular cryptocurrency exchange platform that allows users in Nigeria to buy, sell and store bitcoin and other cryptocurrencies. To sell bitcoin on Luno in Nigeria, you need to first create an account on the platform and complete the necessary verification processes. Once your account is verified, you can then navigate to the “Sell” section of the platform and choose bitcoin as the cryptocurrency you want to sell.
You will then need to specify the amount of Bitcoin you want to sell and the payment method you prefer. After confirming the details of your transaction, you can then proceed to sell your bitcoin and receive the funds in your preferred payment method. It’s important to note that Luno charges a fee for every transaction on their platform.
Astro Africa
Astro Africa is a fast-rising cryptocurrency exchange platform that has gained a reputation for offering some of the best rates for selling Bitcoin in Nigeria. The platform provides a user-friendly interface that makes it easy for users to sell their Bitcoin at competitive rates. Astro Africa also ensures a seamless transaction process, with funds transferred directly to users’ bank accounts. One of the major advantages of using Astro Africa is that it allows for instant transactions, with no delays.
Dart Africa
Dart Africa is a relatively new cryptocurrency platform that has already gained a lot of popularity among crypto enthusiasts in Nigeria. One of the main reasons for this is its simplicity and user-friendly interface, which makes it easy for beginners to trade on the platform. With just a few clicks, users can sell Bitcoin and other cryptocurrencies on Dart Africa. Another major advantage of using Dart Africa is its round-the-clock customer support. They are always available to assist users with any issues they may encounter on the platform. All in all, Dart Africa is an excellent choice for anyone looking for a simple and reliable cryptocurrency platform to trade with.
Which Site is Best to Sell BTC to Naira in 2023?
There is no doubt that Astro Africa is the best site for selling Bitcoin (BTC) in Nigeria and receiving payment in Naira. Aside from Bitcoin (BTC), Astro Africa supports the trading of several other cryptocurrencies such as Ethereum, Binance Coin (BNB), Tether (USDT), USD Coin (USDC), Dogecoin, Litecoin, and DAI. This means that users can easily sell any of these cryptocurrencies on the Astro Africa with the same level of reliability as with Bitcoin. Benefits of Astro Africa include:
- Security: Astro Africa ensures the security of users’ funds by implementing strong measures, including two-factor authentication, to prevent unauthorized access to accounts.
- User-friendly interface: Astro Africa’s user-friendly interface is designed to accommodate users of all levels of expertise,
- Multiple cryptocurrencies: Astro Africa supports a range of cryptocurrencies to provide users with a variety options.
- Transparency: Astro Africa is transparent in its operations, ensuring that users have access to all necessary transaction information.
- Zero fees: The platform offers zero fees for selling cryptocurrencies.
- Fast transaction speed: Transactions are carried out quickly on the platform, ensuring that users can sell cryptocurrencies without delay.
- Reliable Customer support: Astro Africa provides a reliable customer support to promptly attend to users’ inquiries or complaints,
- Mobile support: Astro Africa’s mobile app provides users with the convenience of selling cryptocurrencies on-the-go, allowing them to sell crypto with ease from anywhere, at any time, using their mobile devices.
How can I Sell Bitcoin in Ghana?
Dart Africa is a reputable platform for selling Bitcoin in Ghana. The platform offers a simple way for users to sell BTC and receive payment in Ghanaian Cedi seamlessly. Whether you’re a seasoned trader or a first-time user, Dart Africa provides an accessible platform for selling BTC for Cedis.
If you want to sell Bitcoin in Ghana, you can follow these steps:
- Head over to dartafrica.io.
- Click on the ‘Sell Now’ button located on the homepage.
- Next, select the ‘Sign up’ option and provide the necessary information to register your account.
- Once the registration process is complete, log in to your dashboard.
- Choose ‘Bitcoin’ as the cryptocurrency that you wish to sell.
- Enter the amount of Bitcoin you want to trade and a wallet address will be generated for you to transfer your assets.
- After the transaction has been confirmed, your Dart Africa wallet will be credited with the equivalent amount in Ghanaian Cedis instantly.
- Finally, you can withdraw the funds to your mobile money or bank account as per your convenience.
To sum up, the platforms mentioned above are all credible options for selling cryptocurrencies in Nigeria and Ghana. However, it’s worth noting that different platforms may offer varying features.
For example, while some platforms may focus on providing a seamless trading experience, others may prioritize educational resources to help users understand the intricacies of cryptocurrencies. For instance, Nova Markets is a platform that provides valuable resources to help users learn about cryptocurrency.
