On February 5, the Central Bank of Nigeria (CBN) issued a ruling instructing all financial institutions to stop the facilitation of all transactions involving cryptocurrencies but despite that a crypto platform has said about 33.4 million Nigerians trade or own crypto assets.
KuCoin, a crypto exchange, wrote a report ‘Into The Cryptoverse: Decoding The World Of Crypto Consumers,’ where they wrote, “According to Google Trends, Nigeria was recorded as the country with the highest number of bitcoin searches globally in early 2021, signaling the growing utility of cryptocurrency in the country.”
With the increase in crypto owners in Nigeria, there is a need to make sure they choose the right crypto trading platforms to trade with. When choosing the right platform, you need to consider the transaction fees and the rates they offer.
Finding a suitable platform with good rates can be hard to come across, but I’ve made it easier for you with the article which talks about the best bitcoin rates in Nigeria.
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Best Bitcoin Rates in Nigeria- Breet
Breet is an OTC crypto trading app that allows users to receive crypto, convert it to cash and withdraw it to their local bank account within minutes.
Breet is perfect for the ideal user to simply want to sell Bitcoin in Africa and convert it to cash without worrying about cryptocurrency volatility. It uses automated technology to convert your BTC into the fiat equivalent of the amount of the crypto coin(s) at the best bitcoin rates.
Breet is 100% free as it has no deposit fee, withdrawal fee or any other hidden fees and it has no withdrawal limit. With every transaction, you earn reward points which you can then redeem for cash.
It also supports other cryptocurrencies such as; Ethereum, Litecoin, Dogecoin and Bitcoin Cash.
For more help and support, reach out to them at email@example.com and calls/WhatsApp 08090569499
How To Sell Bitcoins in Nigeria Using Breet
- On the dashboard, click on “Bitcoin” which then opens up the Bitcoin trade page.
- Rates are displayed on the Bitcoin trade page with its value in Dollars ($).
- Generate Bitcoin address
- Send Bitcoin wallet address to the sender, just like you would send bank account details.
- After 3 confirmations from the blockchain network, the naira value is added to your balance.
- Click on “withdraw”
- You will receive it directly to your local bank account provided.
That’s it! Selling your Bitcoin for Naira is fast and easy on Breet. Enjoy a seamless trading experience and get started by downloading Breet App available on Android and IOS.