Typically, it takes minutes for three network confirmations and once this is completed, the Naira equivalent is added to your Koyn Wallet or sent directly to your Bank account instantly. Most platforms support bank transfers and other secure payment methods. If you’re looking for a platform that ticks all the boxes, Breet is a standout choice.
- Yellow Card also adds an extra layer of security with the two-factor authentication feature, keeping you safe from scammers.
- NairaEx is a Nigerian-based crypto app that allows users to buy and sell Bitcoin.
- Additionally, Quidax is recognized for its low transaction fees and high liquidity, enhancing the trading experience.
- ExchangeIndeed gives you one of the best rates for buying and selling digital currencies when compared to its competitors.
- MEXC is technically a consolidated cryptocurrency exchange, and it is fast gaining popularity among cryptocurrency users worldwide.
How to Sell Bitcoin in Nigeria Today and Get Paid Instantly in Naira
The app provides a secure and reliable way to trade Bitcoin, with a user-friendly interface suitable for both new and experienced users. Coinbase has expanded its services to Nigeria and 24 other African countries. Although direct Naira exchanges and P2P trading are unavailable, the app supports several popular cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Designed for novice traders, Coinbase offers an intuitive interface and a broad range of supported currencies. With competitive exchange rates and expedited withdrawal options, Dtunes has become a go-to app for Nigerians seeking a reliable platform for Bitcoin transactions.
Finance Apps
Separate from other cryptocurrencies, known as altcoins, there is a designated section for Bitcoin. 👉 Using the mobile app and website of bitFlyer, buying, and selling Bitcoin are as simple as buying and selling stocks. If you have ever maintained a stock brokerage account, you should find bitFlyer intuitive. 👉 In addition to normal DEX trading, OKX’s decentralized platform supports swap trading, liquidity pools, farm pools, and a decentralized wallet.
In addition to cold storage and bank-grade systems, Nigerian traders enjoy the extra layer of insurance offered through Bitget’s Secure Asset Fund for Users program. A worthwhile option for those who prefer an international exchange with local support. Since 2015, they’ve served faithfully by Sell bitcoin in Nigeria connecting Nigerians directly to the global crypto economy in a way that is understandable, accessible, and secure. Depositing or withdrawing naira is smooth using P2P transfers or partner payment providers.
One of the standout features of Koyn is its ability to convert your crypto to naira almost instantly. LocalBitcoins also offers a reputation system, allowing users to view the trading history of other users before engaging in a transaction. Yellow Card ensures that Nigerians enjoy a more accessible alternative for buying and selling bitcoin. With Yellow Card, you will have access to a simple, quick, and secure way to buy and sell bitcoin at the best rate. The system credits your Naira account INSTANTLY without any human input as it is fully AUTOMATED.
- 👉 Determining whether a Bitcoin broker has a competent technical support staff might consume considerable time.
- When you “go long,” you are betting that the price of Bitcoin will increase, and when you “go short,” you are betting that it will decrease.
- Luno is a global cryptocurrency exchange operating in Nigeria since 2015.
- Talking about services, Binance provides Buy crypto, Spot/Margin/Futures trading, Derivatives, Staking, Lending, Wallet, P2P trading, and more.
- 👉 Even though patterns may be especially useful for traders, it is important to realize that previous success is not necessarily a trustworthy indicator of future performance.
Bitcoin (BTC) Price Chart
👉 Bitcoin ATMs have grown in popularity in recent years and are now available in Lagos, one at the Dazey Lounge and Bar and the other at CI Cryptosolutions. 👉 You could also use indicators to monitor current market circumstances, such as volatility levels or market mood, which can be helpful. 👉 After the deal has been executed, you will need to keep a close eye on the market to ensure that it behaves as you had predicted. ➡️ Trailing stops allows you to lock in gains while limiting your loss potential when the market moves in your favour. ➡️ Traditional stop-loss orders will liquidate your position at a predetermined level, but they may be susceptible to slippage in the event of rapid price movement in the underlying market.
