Nigeria is one of the biggest crypto markets in Africa and among the countries with the highest cryptocurrency adoption globally. Several applications enable locals to sell bitcoin in Nigeria, Ethereum (ETH), USDT, or other digital assets and receive Naira directly into their bank account.
In the following lines, we will analyze how users can identify legitimate apps and choose the one that offers the best opportunities.
Look for These Factors
Crypto-to-cash applications in Nigeria are an essential tool, often providing better rates than peer-to-peer (P2P) exchanges and cutting out the hassle of negotiating with buyers. However, people should be cautious and consider several elements when using such an app.
Locals should be aware of the time it takes for the platform to transfer Naira (the country’s official fiat currency) to their bank accounts. People should also check if the application only allows you to sell bitcoin or can handle transactions with multiple cryptocurrencies, including ETH, BNB, and various stablecoins.
The simplicity of the app for beginners and its transparency (no hidden fees) are also good signs. Last but not least, Nigerians must check previous reviews, explore safety procedures, and availability for specific locations.
Some vital tips can protect users from potential scams. For instance, Nigerians should only download apps from official stores, enable two-factor identification (2FA), and use strong passwords. They must always double-check wallet addresses and start their journey with small transactions.
Why Breet?
Breet is among the fastest-growing OTC crypto-to-cash apps available in Nigeria and Ghana, making it one of the popular choices for locals. It has over 250,000 users in both countries and provides fast transactions and a simple interface.
Breet offers direct and instant conversion: once people send crypto to their wallets, the app automatically converts it into Naira or Cedis at the current market rate. It supports 170 digital assets. People use Breet to sell Bitcoin in Nigeria with no hassle. Ethereum (ETH), Tether (USDT), USD Coin (USDC), and many more aren’t left out either.
The application focuses on convenience, automation, and safety, and eliminates common issues associated with P2P trading, such as fake buyers, delayed payments, and fraud risks. Withdrawals are supposedly processed in 287 seconds or less, directly to the users’ bank accounts. There are no hidden charges, while the withdrawal fees are minimal compared to other crypto apps.
The platform is a great choice for receiving payments from international clients and partners using Breets’ crypto invoice services. They also have a 24/7 support team ready to assist with any arising issues.
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