To sell Bitcoin in Nigeria, you need to be aware of the various options available to convert your digital assets into local currency. From crypto exchanges that offer user-friendly interfaces to peer-to-peer platforms that facilitate direct transactions between individuals, the Nigerian market offers a number of options for those looking to exchange Bitcoin for Naira.
This article details the different methods and platforms available to sell Bitcoin in Nigeria. Whether you’re an experienced investor or a beginner, we’ll explain everything you need to know to sell Bitcoin in Nigeria.
How to sell Bitcoin in Nigeria
There are many ways to sell Bitcoin in Nigeria, some are easy and some are more complicated. Let’s take a look at some of the easiest and safest ways to sell Bitcoin in Nigeria.
Cryptocurrency exchange:
This is the easiest and safest way to sell Bitcoin in Nigeria. Use established exchanges like KOYN. The platform allows users to create an account, verify their identity, sell their Bitcoins for cash instantly, and withdraw funds directly to their bank account without delay. KOYN is known for its simplicity, great rates, and high level of security. Download the KOYN app now and see why it’s the best crypto platform.
Peer-to-peer (P2P) platform:
Platforms like Binance and Paxful facilitate direct transactions between buyers and sellers. Sellers list their Bitcoins, set prices, and negotiate with interested buyers. Transactions are completed independently, giving you flexibility in payment methods and terms.
Why KOYN is the best app to sell cryptocurrencies in Nigeria
There are many apps to sell Bitcoin in Nigeria, but KOYN is the best one to sell Bitcoin in Nigeria based on reviews from thousands of users, ease of use, and robust security infrastructure It has been confirmed that this is a valid app.
Security: Robust security measures are paramount. KOYN employs top-level encryption standards that utilize advanced encryption techniques to protect user data and transactions. This includes SSL encryption for data transmission and storage, protecting sensitive information from unauthorized access, and proactive measures to prevent all forms of hacking.
Competitive rates:
We offer competitive exchange rates for Bitcoin in Nigeria. If you choose to sell on our platform, you will receive fair market value for your Bitcoins.
Zero fees: You can sell Bitcoin on Koyn without worrying about fees. There are no fees. You can turn your funds into cash instantly by selling your Bitcoins.
User-friendly interface:
KOYN prides itself on its user-friendly interface. Operating the platform is seamless for both experienced traders and beginners, allowing them to sell their cryptocurrencies smoothly.
Regulatory Compliance: KOYN actively monitors and complies with the regulatory framework set by the Nigerian authorities and complies with global standards in the crypto space. This compliance includes the following guidelines related to anti-money laundering to keep your customers aware of regulations. Doing so ensures that its operations comply with legal requirements and promotes a transparent and legally sound environment for users.
Customer Support: KOYN prioritizes customer satisfaction through responsive and reliable customer support. Trained experts are available to assist users with questions, troubleshooting, and guidance whenever needed.
How to sell Bitcoin with Koyn
Selling Bitcoin on koyn is as easy as possible. Here’s how to get started:
1. Create a Koyn account.
Download the KOYN app now and create an account.
2. Add your bank account details.
To ensure a smooth transaction process, quickly add your bank account details to your Koyn account. This step is essential for transferring funds after selling your cryptocurrency.
3. Automatically generated wallet address
Depending on the cryptocurrency you plan to sell, Koyn will automatically generate a unique wallet address within your account. These addresses are where the digital assets you want to sell will be sent. Each cryptocurrency you plan to sell has a specific auto-generated wallet address.
4. Start the transaction.
Send the cryptocurrency you want to sell from an external wallet or exchange it to a wallet address generated within Koyn. Wait for network confirmation. Three checks typically take 15 to 30 minutes.
5. Automatic conversion and transfer:
Once your transaction is confirmed, our system will automatically convert your crypto to Naira at the best rate. The equivalent Naira amount will be instantly transferred to your wallet and withdrawn.
that’s all! Your cryptocurrency has been successfully sold and your funds are now available for use.
How to withdraw funds after selling Bitcoin
Go to the (Home) tab: Log in to your Koyn account and go to the (Home) tab. Find the “Withdraw” option under your wallet balance.
Enter your withdrawal details: Click Withdraw and enter the amount you want to withdraw from your available balance.
Select account number: Select the account to transfer funds to. If necessary, enter the details to add a new account.
Verify and enter your PIN: Verify your withdrawal details and ensure they are accurate, then enter your 4-digit PIN for verification and security.
Withdrawal completed: Congratulations! Your withdrawal request has been completed. Your funds will be processed and transferred to your selected account number immediately.
Product link:
Play store: https://play.google.com/store/apps/details?id=com.app.koyn
Website: https://www.getkoyn.com/
help:
Source: dailypost.ng