Selling Bitcoin in Nigeria has become riskier over time. Crypto trading platforms like Binance were accused by the Central Bank of Nigeria and the Nigerian government of funding terrorists and criminals in Nigeria.
The Nigerian government has banned cryptocurrency trading and ordered Binance to register for monitoring. The Central Bank of Nigeria banned any Nigerian bank account suspected of receiving crypto-related funds.
This made selling Bitcoin for cash or buying cryptocurrencies with debit or credit cards difficult for Nigerians.
Binance launched peer-to-peer trading after the prohibition. Though effective, this strategy left crypto fraudsters many gaps.
Read also: Best Bitcoin selling rates in Nigeria
What is peer-to-peer crypto trading?
Imagine buying a bicycle from someone else without a bike shop or intermediaries. You meet the bike seller instead. You negotiate the bike’s price and pay without interference. That’s like P2P trading.
P2P trading involves individuals trading cryptocurrencies or other items without banks, brokers, or large organisations. Unique websites or applications allow them to find one another and trade safely. Making deals without an intermediary is like that.
Binance’s mechanism matches those who want naira for Bitcoin with people who want Bitcoin. Person B will trade by transferring the BTC’s naira value to Person A’s bank account. After verifying the credit, person A notifies Binance and sends person B the equal Bitcoin.
The drawbacks of P2P technology
This trading technique can cause traders to send the erroneous amount or be defrauded by peers. Binance occasionally has glitches. Sometimes, the transfer is late.
Dtunes, Cardvest, Prestmit, and others simplified Bitcoin and other cryptocurrency sales amid this P2P mess. The new way entails selling crypto straight to them on their website and getting paid if your Bitcoin transfer is confirmed.
You can hold someone accountable if you’re duped. You may quickly contact them on social media or by phone.
Best quick Bitcoin-selling app in Nigeria
Dtunes, by features, speed, good customer support, and quick transaction process, is the best of all the apps available to sell Bitcoin in Nigeria.
Sell Bitcoin for quick cash with Dtunes without risking ripoff. Dtunes has very competitive bitcoin trading rates in Nigeria. Some cryptocurrencies can be sold on Dtunes, including
Bitcoin, USDT, TRC-20, BNB, LTC
How to trade Bitcoin on Dtunes Nigeria
Dtunes Bitcoin sales instructions are below.
Step 1: Get the App: Visit Dtunes. Ng to get the Android or iOS app. On their website, you may quickly click the download link for your device’s OS.
Step 2: Create Account: Once you have the app suitable for your device downloaded, you’ll need to create an account. Dtunes account creation is simple and fast.
Step 3: Log into the app to trade after creating your account.
Step 4: Set Transaction Pin and Bank Details: After logging in, set your transaction pin and bank details for secure withdrawals. It would help if you were prompted to set your PIN, biometrics, and bank details after logging in. You may always open these prompts in settings if you accidentally close them.
Step 5: On the home screen, choose Trade Crypto, then Bitcoin. You’ll enter the Bitcoin amount you want to sell on another screen. You’ll see the market rate and your payout afterwards. Click next to generate the wallet address.
Step 6: Transfer: Transfer the coins you want to sell to your generated wallet address. Your Dtunes wallet will get the naira equivalent of your transfer after processing.
Step 7: Withdraw: Once your transaction is confirmed and the funds are deposited to your Dtunes wallet, you can withdraw all or a portion of the money to your Nigerian bank account.
You can buy airtime, internet, and electricity on the app with the money if you don’t want to take it out and put it in your bank account.
Why Dtunes is Nigeria’s best Bitcoin app
If you’re wondering why Dtunes is the best option for selling Bitcoin in Nigeria, the answer is as follows:
Time is money when selling Bitcoin. Dtunes knows this and offers speedy transactions. Sale completion won’t take hours or days. Instantly convert Bitcoin to Nigerian Naira to obtain your money when needed.
Better Exchange Rates: Dtunes claims the finest exchange rates in Nigeria. Better than other platforms, Bitcoin offers the highest value. Who doesn’t want more money in their pocket?
Security You Can Trust: Trust is crucial in cryptocurrency trading. We take security seriously at DTunes. Your transactions and personal data are protected by powerful encryption and security mechanisms. Trade with confidence, knowing your investments are safe.
Cashback and bonuses: DTunes rewards users generously. Regular bonuses and cashback will boost your Bitcoin sales, like getting a bonus for doing what you planned.
Get on the Leaderboard and Win: Dtunes has a unique leaderboard where you may compete to be the highest trading customer. This adds excitement to trading and gives you a chance to earn cash. Imagine earning from Bitcoin trading!
Customer Support: Dtunes is available 24/7. Night owls and early birds won’t be left in the dark and have questions, concerns, or issues. Their helpful support crew is available by phone or SMS.
As the most outstanding Bitcoin-selling software in Nigeria, DTunes has lightning-fast transactions, excellent rates, top-notch security, bonus prizes, exciting leaderboard competitions, and 24/7 customer service. When selling Bitcoin, DTunes offers the most outstanding deal with extra bonuses and peace of mind.
Bitcoin price falls below $26,000 for the first time since June
Earn online with Dtunes referrals
Sign Up: Download and register the Dtunes app.
Set bank info & PIN: Log in after registering. On the app’s home screen, two pop-ups ask for bank information. Set it up in settings if you accidentally close pop-ups.
Obtain referral code: To obtain your referral code, follow the instructions in the above illustration and navigate to settings, refer, and earn.
Promote Dtunes: With your referral code, you need Users to sign up for the app. Affiliates must promote Dtunes’ services.
Earn Commissions: Dtunes pays you when your referrals sign up and use its services. Cash out your Dtunes profits as they collect, following their payout policies.
Stay Informed: Cryptocurrency markets move quickly. Keep up with Dtunes’ services and affiliate programme upgrades to maximise revenue.
Remember that affiliate marketing takes time and effort to pay off. Keep developing your techniques to get more referrals and a stable income from the Dtunes affiliate programme.