Selling Bitcoin can be quite challenging, especially if you are new to the process and have no idea what you are doing. In Nigeria, many companies like Qxchange are ready to buy your bitcoin and pay you in cash on the spot.
This short guide will help you with some of the most popular ways to sell your bitcoin fast and easy in Nigeria, while also offering some background information on Bitcoin, just in case you’re still wondering what it is and how it all works!
Step One: Finding Your Bitcoin Address
The first step is to find your Bitcoin address. This is the address that you will use to receive payments. You can find your Bitcoin address by going to the Receive tab of your wallet. Once you have found your address, copy it and paste it into a text document.
Print out this paper and store it somewhere safe. It contains all of the information needed to receive Bitcoin from other people so if someone does get their hands on this paper they won’t be able to take any money from you without physically having access to your computer or phone (or both).
Step Two: Converting to Naira
To convert your Bitcoin to Naira, you will need to use a digital currency exchange that allows you to trade Bitcoin for Naira. Qxchange is one of the best of all popular options. Once you have found an exchange, simply create an account and follow the instructions on how to convert your Bitcoin to Naira. Be sure to check the current exchange rate before completing any trades.
Step Three: Transferring Money to your Bank Account
The process of selling Bitcoin and withdrawing funds to your bank account can vary slightly depending on the platform you’re using. However, the general steps are usually the same.
First, you’ll need to create an account on a Bitcoin exchange that allows withdrawals to Nigerian bank accounts. Look no further than Qxchange as it offers these services.
Once your account is verified and funded, you can place a sell order. When your order is matched with a buyer, the Bitcoin will be transferred from your exchange wallet to the buyer’s wallet.
Step Four: Getting Cash out of the ATM
In order to get cash out of the ATM, you will need to find an exchange that allows you to do so. Local Bitcoins is a good option, as it is available in many countries and allows you to find buyers who are willing to pay with cash.
Once you have found a buyer, you will need to meet them in person and exchange the Bitcoin for cash. Be sure to take precautions when meeting someone on the internet, such as meeting in a public place and not giving them too much personal information.
Why You Should Choose Qxchange To Sell Your Bitcoin For Cash in Nigeria
Qxchange is one of the most popular cryptocurrency exchanges in Nigeria. It has a user-friendly interface and is simple to use. You can also sell other cryptocurrencies on Qxchange. Simply download the Qxchange app and follow the instructions.