When it comes to the best app to sell bitcoin in Nigeria, there are a lot of options, but with the options comes the hassle of knowing which one is legit, trades fast, gives the best rate, and is always available to support you when you have issues. In this article, we’ll take a look at some of the best sites to sell bitcoin in Nigeria and which one you should go for.

3 of the best apps to sell Bitcoin in Nigeria

You can never go wrong with any of the three sites listed below if you want to sell bitcoin in Nigeria. However, there are pros and cons to each platform. So you may need to stick to the end of the article to know which one is rated 99.9% safer.

1. Dtunes

Dtunes is one of the best apps to sell bitcoin in Nigeria. Both novices and experienced bitcoin sellers use Dtunes to convert their bitcoin to naira without any hassle. Unlike the regular P2P style that is popular and used by other apps, Dtunes adopts a direct approach to make the transaction process easy and seamless.

On Dtunes, you sell directly on the app without the need for p2p, and this process reduces the transaction time by over 90%. Instead of having to wait for 15 minutes to days like you’ll do during P2P trades, you’ll only need to wait for 30 seconds to a minute. Doesn’t that sound good?

Pros

• Dtunes offers one of the most competitive rates
• Dtunes customers support is available 24/7
• The transaction and withdrawal time are very fast
• You stand the chance to win freebies, get charge backs, and get bonuses
• You can buy airtime, data, and electricity with your Bitcoin easily
• You can also sell gift cards directly on Dtunes
• Dtunes is also a registered business
• A publicly available bitcoin rate calculator

Cons

• Its operations is limited to only Nigerians as of the writing of this article

To know more about how the Dtunes bitcoin to naira feature works, visit dtunes.ng. Dtunes apps are available on both Android and IOS. Visit their website to download the one for your device.

2. Paxful

Through the peer-to-peer cryptocurrency exchange platform Paxful, users can transact directly for Bitcoin and other cryptocurrencies. By serving as a middleman, Paxful links buyers and sellers and enables them to transact using a range of payment options, including cash payments, gift cards, and bank transfers.

In order to safeguard transactions, the platform offers an escrow service that keeps the seller’s bitcoin until the buyer’s payment is confirmed. People who want to trade cryptocurrencies across different regions and with different payment preferences are drawn to Paxful because of its decentralized approach and support for a wide range of payment options.

Pros

• Diverse Payment Methods: Paxful supports a wide variety of payment methods, including bank transfers, digital wallets, gift cards, and cash payments.
• Paxful provides a platform for peer-to-peer cryptocurrency trading on a global scale.
• Paxful employs an escrow service to enhance the security of transactions.

Cons

• Although Paxful uses an escrow service to improve security, there is a small chance of fraud due to the platform’s peer-to-peer structure. When choosing a trading partner, users should proceed with caution and thoroughly investigate their options.
• Exchange rates on Paxful are subject to change based on the seller and the selected payment method. Depending on the trade they select, users may see varying rates for the same cryptocurrency, which could result in less advantageous terms.
• Users must be aware of and abide by local laws because cryptocurrency regulations vary from country to country. Regulation changes may affect how usable the platform is in some areas.

3. Binance

Binance is a global cryptocurrency exchange that offers a diverse range of cryptocurrencies for users to purchase, sell, and trade. With its user-friendly interface, advanced trading features, chart analysis tools, and selection of cryptocurrency pairs, Binance, a centralized exchange, makes it easier to convert digital assets.

In the context of the cryptocurrency ecosystem, it acts as a market place where people and organizations can trade spots, futures, and other financial instruments. Binance also operates its own native cryptocurrency, Binance Coin (BNB), which can be used to pay for trading fees on the platform and participate in token sales on the Binance Launchpad.

In order to maintain its position as a complete and diverse player in the cryptocurrency market, Binance has also increased the range of services it offers. These include savings accounts, staking, a decentralized exchange (Binance DEX), and other financial products.

Pros

• Beyond well-known cryptocurrencies like Bitcoin and Ethereum, Binance provides users with access to a vast array of digital assets through its wide selection of cryptocurrencies for trading.
• Binance is well known for having substantial trading volumes and excellent liquidity. Because of the platform’s large user base, there is a lot of liquidity, which can benefit traders by resulting in tighter spreads and more effective order execution.
• Users can use Binance’s in-house cryptocurrency, BNB, to pay trading fees at a reduced rate. Apart from fee reductions, BNB offers extra benefits like taking part in token sales on the Binance Launchpad and being incorporated into different decentralized finance (DeFi) apps in the Binance Smart Chain network.

Cons

• Binance is not registered in Nigeria and its operations in Nigeria has been declared illegal by the Nigerian authorities
• Because of the many features present on Binance, the interface can be hard to navigate if you’re new to the platform
• There is high chance of getting scammed via Binance peer-to-peer trade

Dtunes: The best app to sell Bitcoin in Nigeria

Dtunes is highly recommended for those in Nigeria and those who’d like to withdraw directly to their Nigerian naira bank account. Aside from the seamless transactions that Dtunes offers, Dtunes is also registered in Nigeria and is built primarily for Nigerians.

Dtunes is the best site to sell bitcoin in Nigeria. Dtunes offers the best rate, fast transactions, 24/7 customer support, quick withdrawals, and secure trades.

If you, however, want more payment options like Payoneer, gift cards, or want to convert your bitcoin to another cryptocurrency, then Paxful is your go-to platform for quick p2p transactions.

Other Cryptocurrencies available on Dtunes

Aside from bitcoin, you can also sell a variety of other crypto currencies on Dtunes for instant cash, just like you’ll do for bitcoin. You can also use these tokens to pay bills, buy airtime, buy data, and buy electricity. Below is a list of other available cryptocurrencies on Dtunes:

• BNB: Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, created to facilitate various functions within the Binance ecosystem. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance’s own blockchain, the Binance Chain. BNB holds several use cases, including providing users with fee discounts when used to pay for trading fees on the Binance platform. Additionally, BNB is integral to the Binance Launchpad, where it is used to participate in token sales and initial coin offerings (ICOs).
• USDT: Tether (USDT) is a type of cryptocurrency known as a stablecoin, designed to maintain a stable value by pegging it to a fiat currency, in this case, the US Dollar. Each USDT token is intended to represent one US dollar, providing a stable alternative in the volatile cryptocurrency market. Tether achieves this stability through a reserve of assets equivalent to or greater than the number of issued USDT, which undergoes regular audits to verify its backing.
• Litecoin: (LTC) is a peer-to-peer cryptocurrency that Charlie Lee developed in 2011 as a “silver to Bitcoin’s gold.” Built upon the Bitcoin protocol, Litecoin shares many similarities with its predecessor but incorporates some key differences. One notable distinction is its faster block generation time, allowing for quicker transaction confirmations. Litecoin uses a different hashing algorithm called Scrypt, which aims to be more memory-intensive and resistant to specialized mining hardware known as ASICs. LTC serves as a digital currency for peer-to-peer transactions, providing a secure and efficient way for users to transfer value globally.

Dtunes: Best Bitcoin rate calculator in Nigeria

As mentioned in the cons above, Dtunes has a publicly available bitcoin rate calculator that you can use to check the updated rate of bitcoin and other cryptos like litcoin, binance coin, and tether when converting to naira. The bitcoin rate calculator is easy to use and gives you the updated rate.

How to sell bitcoin on Dtunes

Selling bitcoin on Dtunes is as easy as using your phone’s calculator. To sell bitcoin on Dtunes, you will first need to download their app onto your phone. Click to Download Dtunes App for your device.

After you have the app downloaded on your phone, follow the step by step guide below to sell your bitcoin for instant cash.

Step 1 – Create an Account : Proceed to launch the app, and you’ll be welcomed with a lovely screen. Proceed to create an account with your email and set a good password.

Step 2 – Log into the app: Now that you have your account created, go ahead to log into the app, just like you’ll do for every other app on your phone.

Steps 3 and 4 – Set Pin and Bank Details: Immediately you log into the app, you’ll receive a series of pop ups alerting you to set up your transaction pin and bank details. Go ahead to set them up. If you mistakenly close the pop ups, you can always set your pin and bank details on the settings page. The icon is located at the bottom right of the app.

Steps 5, 6, and 7 – Initiate trade: Now that you’ve successfully set up your account, you can proceed to start trading. To trade, click on trade crypto on the home page. This will open up another page where you can see the leaderboard. Proceed to click on the trade crypto button above, then select BTC or whichever coin you intend to trade.

Step 8 – Enter the crypto amount: On the next page, you’ll get a chance to input the exact amount of crypto you want to sell. Go ahead and input it, and you’ll also see the updated rate and the amount you’ll get.

Step 9 – Transfer the crypto amount: Once you’ve entered the amount of crypto you want to sell, click on trade to generate a wallet address or QR code. Proceed to transfer the crypto, and your transaction will be confirmed.

Step 10 – Check your wallet: Now that your transaction has been confirmed, you can check your transaction history to see your transaction. You’ll also see your funds on the app’s home page.

You can now decide to withdraw the funds into your naira bank account or use it to pay bills directly on the app.

As much as Dtunes is a trustworthy app to sell bitcoin to naira in Nigeria, you should also do due diligence to confirm you are trading on the right app. Scammers are always active and looking for new ways to steal from people. One of such ways is duplicating and building look alike apps of popular trading platforms like Binance, Dtunes, Paxful, etc.

To be on the safe side, it is best to download the Dtunes app via their website link, which can be found on dtunes.ng.