• Sun. Aug 14th, 2022

How to Sell Bitcoin in Nigeria in 2022

ByHazel R. Lang

Jul 23, 2022

Bitcoin is the first and most popular cryptocurrency in the world, with the largest market capitalization, and Nigeria is no slouch. According to PUNCH, Nigerians traded at least 77.75 billion naira ($185 million) worth of Bitcoin in the first three months of the year despite restrictions imposed by the Central Bank of Nigeria on cryptocurrency transactions in the country.

In Nigeria, where most people depend on multiple sources of income, they have sought to sell cryptocurrency. In this article, I will 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 a suitable 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 Selecting a Crypto Exchange Platform
Availability of crypto: There is nothing more disappointing than finding and signing up to a crypto exchange, but they don’t have the cryptocurrency you want to sell. Fortunately, most platforms still have Bitcoin available as it is the most popular digital currency. Always be sure to do your research beforehand to ensure that the digital currencies you want to trade are available on the platform.

Costs: Some exchanges charge specific transaction fees. Fees such as; deposit fees, withdrawal fees, etc. Transaction fees vary by platform; some charge nothing. Some even claim to have no fees, but you find out later that there are hidden fees.

Limits: In addition to variable fees, some crypto exchange apps have variable limits. Limitations such as; Deposit limit, withdrawal limit, etc. The deposit limit limits the amount you are allowed to deposit in your account on the app to complete a transaction. While the withdrawal limit limits the number of times or the amount you can withdraw and deposit to 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.

Security: When choosing a platform to trade with, you need to consider protection. Making sure your funds are safe is paramount, and you need to select an app that will make sure of that.

Customer service: The availability of 24/7 customer support is also essential. There must be a representative available to support and assist you with any inquiries at all times. Multiple contact options are also crucial. Some popular contact options are; Live Chat, Email, Social Media, Call, etc.

Best App to Sell Bitcoin in Nigeria – Breet App

Bringing together all the previously listed and explained factors to 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 Bitcoins, convert them to cash, and withdraw them to their local bank account within minutes.

It is best if the ideal user just wants to sell Bitcoin in Africa and convert it to cash without worrying about the volatility of the cryptocurrency.

Breet is 100% free as it has no deposit fees, withdrawal fees or other hidden charges and no deposit and withdrawal limits. Their customer service is available 24/7 at support@breet.app and call/WhatsApp 08090569499

Breet also supports other cryptocurrencies i.e. 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 have recently introduced some new features in their app such as; Crypto news and alerts where you can keep up to date with the latest happenings in the crypto world, incentives where you can complete tasks and earn reward points which you can redeem for cash or airtime.

Breet is a client-centric crypto exchange platform and aims to make the trading experience seamless for the average person.

It is currently available in Nigeria and Ghana and can be downloaded on Android and IOS.

How to Sell Bitcoin in Nigeria on the Breet App
Below is a step by step guide to sell Bitcoin in Nigeria using Breet App.

Create an account
On the dashboard, click on BITCOIN, which opens the Bitcoin exchange page.
Generate Bitcoin Wallet Address
Send your wallet address to the sender. You can do this by asking the sender to scan the QR code or copy the wallet address to your clipboard and send.
Wait for a minimum of 3 blockchain confirmations
Receive Bitcoin in your wallet, automatically converting it to your fiat currency, Naira.
Withdraw to your local bank account provided.

How to Generate Bitcoin Wallet Address on Breet App
Generating a bitcoin wallet address requires three steps.

Log in to your Breet account.
On the dashboard, click on BITCOIN, which opens the Bitcoin exchange page.
Click on “Generate Wallet Address”

That’s all! You can now receive Bitcoins from anywhere in the world.

Conclusion
Selling your Bitcoin doesn’t have to be long and stressful. With Breet you are guaranteed a seamless trading experience. In just a few steps, you can sell your Bitcoin at the best rates and withdraw to your local bank account for free.

Start by downloading the Breet app from Google Play Store or Apple App Store.

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