Quick Answer: Where To Sell Bitcoin In Nigeria?

How can I sell Bitcoin in Nigeria?

How to sell bitcoins in Nigeria

  1. Log into your BFX account on www.mybfx.co and click on New Transaction. ( Please transact only during business hours: 9 – 5.30PM, Monday – Friday)
  2. Choose BTC in the “You sell ” field and NGN in the “Recipient gets” field.

How do I cash out Bitcoin in Nigeria?

To withdraw bitcoin into your bank account, simply rush to the home page and click on “More” under your BTC balance. Click on an option termed “Instant Sell”, put in the amount you want to sell in naira or in BTC, and confirm the amount. After confirming the amount you continue.

How can I sell Bitcoin for cash?

Selling Bitcoin

  1. Tap the Investing tab on your Cash App home screen.
  2. Tap Bitcoin.
  3. Press Sell.
  4. Select an amount or tap … to enter a custom amount.
  5. Enter your PIN or Touch ID and select Confirm.
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Where can I sell my Bitcoins?

Coinbase Pro There are tons of platforms to sell Bitcoin on, and the easiest, by far, are exchanges and brokers like Coinbase or Coinmama.

Is Bitcoin trading legal in Nigeria?

Nigeria — the world’s second-largest Bitcoin market after the United States — has banned the trading of cryptocurrencies. Last Friday, the CBN instructed commercial banks and other financial institutions to close accounts involved in transactions with cryptocurrency exchanges.

Which Bitcoin wallet is best in Nigeria?

Coinbase App Its mobile wallet app is one of the most popular in Nigeria; since its launch, over 43 million customers globally have used Coinbase’s crypto wallet services to store their holdings. Coinbase wallet is accessible in more than 100 countries, including Nigeria, and supports many different crypto assets.

Can I still withdraw from Luno in Nigeria?

Luno is still not able to process deposits and withdrawals, Reitz said. He added that immediately following the order, people were trying to sell bitcoin back to naira so they could withdraw funds to their personal accounts, and the central bank order led to lower demand for bitcoin.

How much can I withdraw from Luno in Nigeria?

Verification levels and limits

Level 1 Level 2 Level 3
Deposits over all time NGN 200,000 Withdrawals over all time NGN 200,000 Deposits per month NGN 500,000 Withdrawals per month NGN 500,000 Limits may apply

How do I transfer money from Bitcoin to my bank account?

Walkthrough: How Do I Transfer Bitcoin to My Bank Account?

  1. First, transfer your bitcoin.
  2. Sell your bitcoin.
  3. Check that all looks good and confirm the transaction.
  4. Select the bank account you wish to receive the money.
  5. Another option is to sell on an exchange at your desired price.
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Is it legal to sell Bitcoins for cash?

It’s official… selling your own legally acquired Bitcoin is a crime in the United States! If you sell your Bitcoin or other cryptocurrency without going through a regulated exchange, the US government is coming for you.

Can you sell Bitcoin at an ATM?

In summary: Yes, you can convert your Bitcoin into cash at a Bitcoin ATM. Not all Bitcoin ATMs have the ability to sell crypto. To withdraw cash from a Bitcoin ATM, you must already have a wallet with Bitcoin in it, ready to be used.

Can you sell ethereum for cash?

If you opted to sell your Ether for any of the traditional currencies, you will then have an option to withdraw the funds into your bank account. This is done via bank wire transfer, so it might take up to three to four days for the money to appear in your bank account. Withdrawing fiat currency will also incur fees.

Can Bitcoin make you rich?

If you had invested $1,000 in Bitcoin ( CRYPTO: BTC ) a decade ago, for example, you ‘d have more than $15 million today — assuming you held your investments and didn’t sell during that time period. While it is possible to become a millionaire with cryptocurrency, that doesn’t mean all investors will achieve that goal.

How do I cash out Bitcoin?

How to withdraw Bitcoin.

  1. Open your BTC wallet. Go to the wealth section in your app and tap on bitcoin wallet.
  2. Select withdrawal amount. Check your balance and decide how much to cash out.
  3. Confirm your transaction. Confirm the transaction using biometrics.
  4. All set. Your Euros will appear in your account. Easy.
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Can you convert Bitcoin to cash?

There are two main avenues to convert bitcoin to cash and ultimately move it to a bank account. Firstly, you can use a third-party exchange broker. These third-parties (which include bitcoin ATMs and debit cards) will exchange your bitcoins for cash at a given rate. It is simple and secure.

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