To sell Bitcoin in Nigeria, you need to be aware of the various options available for converting digital assets to local currency. From cryptocurrency exchanges offering user-friendly interfaces to peer-to-peer platforms fostering direct transactions between individuals, the Nigerian market presents multitude of options for those looking to convert their bitcoins to naira.
In this article, we delve into the various methods and platforms available to sell Bitcoin in Nigeria. Whether you're a seasoned investor or a newcomer, I will show you everything you need to know about selling bitcoins in Nigeria.
Methods of Selling Bitcoin in Nigeria
There are many ways to sell bitcoin in Nigeria, some are easy while others are complex. We will be looking at some of the easiest and safest ways to sell bitcoin in Nigeria.
Crypto Exchanges :
This is the easiest and safest way to sell bitcoins in Nigeria. Utilize established exchanges like KOYN. This platform allows users to create an account, verify identitiy, and sell Bitcoin for Cash Instantly, and you can withdraw funds directly to your bank account without any delay. KOYN is known for its simplicity, good rates and high level security. Quickly download the KOYN app and see why they're the best crypto platform.
Peer-to-Peer (P2P) Platforms:
Platforms like Binance and Paxful facilitate direct transactions between buyers and sellers. Sellers list their Bitcoin, set prices, and negotiate with interested buyers. Transactions are completed independently, allowing for flexibility in payment methods and terms.
Why KOYN is the Best app to sell Crypto In Nigeria
There are multitude of apps for selling bitcoin in Nigeria but based on reviews from thousands of users, ease of use and their robust security infrastructure, KOYN has been confirmed the best app to sell bitcoin in Nigeria.
Security: Robust security measures are of the utmost importance. KOYN employs top-tier encryption standards, utilizing advanced cryptographic techniques to secure user data and transactions. This includes SSL encryption for data transmission and storage, safeguarding sensitive information from unauthorized access and proactive measures to prevent any form of hacking.
Competitive Rates:
We offer competitive exchange rates for Bitcoin in Nigeria. You'll get a fair market price for your Bitcoins when you choose to sell on the platform.
Zero Fees: You can sell your bitcoin on Koyn without worrying about fees. There are no fees to pay. Simply sell your bitcoin and cash out your funds instantly.
User-Friendly Interface:
KOYN takes pride in its user-friendly interface. Navigating the platform is seamless for both seasoned traders and newcomers, ensuring a smooth experience for selling cryptocurrencies.
Regulatory Compliance: KOYN actively monitors and adheres to the regulatory frameworks set by Nigerian authorities and complies with global standards in the cryptocurrency space. This compliance includes following guidelines related to anti-money laundering and know your customer regulations. By doing so, it ensures that its operations align with legal requirements, promoting a transparent and legally sound environment for users.
Customer Support: KOYN prioritizes customer satisfaction through responsive and reliable customer support. Trained professionals are available to assist users with queries, troubleshooting, and guidance whenever needed.
How to sell Bitcoin on Koyn
Selling bitcoin on koyn is as easy as possible, here's how you can get started:
1. Create a Koyn Account:
Quickly download the KOYN app 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 the funds after your crypto sales.
3. Auto-Generated Wallet Addresses
Depending on the cryptocurrencies you plan to sell, Koyn will automatically generate unique wallet addresses within your account. These addresses are where the digital assets you want to sell will be sent. Each cryptocurrency you plan to sell will have its specific auto-generated wallet address
4. Initiate the Transaction:
Send the cryptocurrency you wish to sell from your external wallet or exchange to the generated wallet address within Koyn. Wait for the network confirmation, which typically takes 15-30 minutes for three confirmations.
5. Automatic Conversion and Transfer:
Once the transaction is confirmed, Our system will automatically convert your cryptocurrency to Naira at the best available rate. The equivalent Naira amount will be instantly transferred to your wallet for withdrawal.
And that's it! Your cryptocurrency is successfully sold, and the funds are ready for your use.
How to Withdraw your funds after selling Bitcoin
Go to the Home Tab: Log in to your Koyn account and head to the Home tab. Find the ‘Withdraw' option under your wallet balance.
Enter Withdrawal Details: Click ‘Withdraw', input the amount you want to withdraw from your available balance.
Select Account Number: Choose the account where you want the funds to be transferred. If needed, add a new account by providing its details.
Confirm and Enter Pin: Review the withdrawal details, confirm accuracy, then enter your 4-digit pin for verification and security.
Withdrawal Completed: Congratulations! Your withdrawal request is done. The funds will be immediately processed and transferred to the chosen account number.
PRODUCT LINKS:
Playstore: https://play.google.com/store/apps/details?id=com.app.koyn
WEBSITE: https://www.getkoyn.com/
Help: https://help.getkoyn.com/en/
