Bitcoin keeps crypto investors interested. Its moonshot potential makes it the most costly coin. However, many Nigerians buy and sell Bitcoin for maximum gains, so knowing how to sell Bitcoin in Nigeria at the best rates is crucial.
One of the biggest Bitcoin marketplaces is Nigeria. In 2020, Statista placed Nigeria third in global Bitcoin trade volume using local currencies.
Nigeria’s $400 million Bitcoin trading in 2020 was twice that of the UK, indicating high adoption.
Bitcoin rallying to $30,000 is slightly stable. BTC traders may buy and sell due to this bullish market outlook. Bitcoin trading is selling Bitcoin to make money. Therefore, knowing where to sell BTC reasonably priced is crucial – Prestmit.
Read also: Bitcoin price falls below $26,000 for the first time since June
Prestmit
Prestmit is an over-the-counter (OTC) market where gift cards and cryptocurrencies can be bought and sold. This is one of the best places to trade cryptocurrencies in Nigeria, and you can get the best prices when you sell your Bitcoin here.
If you’re from Nigeria and want to sell your Bitcoin, this site has more than 700,000 users who trade Bitcoin and other digital assets to make the most money. Because of this, you can use Prestmit to sell Bitcoin for cash (naira) or gift cards.
You can quickly start trading in the country by downloading this tool from the Google Play Store or the Apple Store.
Prestmit Bitcoin selling features
Better fees and rates
Prestmit has high Bitcoin rates and minimal transaction fees for selling. This makes the platform a leading crypto trading platform in Nigeria. Prestmit also has no hidden costs for crypto trading.
Therefore, you can sell your Bitcoin at the best rates when using the platform.
Advanced Security
Prestmit protects transactions and funds with superior security. Its security technology prevents identity theft and money loss.
Two-factor authentication (2FA) protects wallets from illegal access. This offers you complete control over your account and wallet, preventing theft.
Quick Transaction
Prestmit confirms transactions quickly. You will receive payment into your wallet within 15–30 minutes of selling Bitcoin on the marketplace. Prestmit supports you during your transaction.
No Trade Limits
Prestmit allows unlimited Bitcoin sales. So, you can sell as much BTC as possible on the market for great prices. This ensures Prestmit traders have a great experience.
Selling Bitcoin on Prestmit at Best Rates
Download Prestmit on Google Play or Apple Store.
Register and log in to Prestmit.
Click “Buy & sell cryptocurrency”.
Select “Sell cryptocurrency”.
Click “Sell BTC”.
Create a Bitcoin wallet address
Sell Bitcoin by following the instructions.
You’ll get paid in your wallet following successful transactions.
When to sell Bitcoin in Nigeria
The changing crypto market makes it difficult to anticipate the optimum time to sell Bitcoin in Nigeria. The primary trading strategy is to sell Bitcoin when the price rises.
Selling Bitcoin at the wrong time is expected. This could cost you earnings or capital. FOMO may be a significant component in this trading surge.
Some traders sell Bitcoin when they should hold it till the price rises. However, worry and anxiety can cause traders to sell Bitcoin, resulting in loss.
If you buy Bitcoin at $24,000 and the price rises to $30,000, you may want to sell it and repurchase it when it drops below $24,000.
Sell Bitcoin in percentages, not the whole portfolio. This helps you avoid missing out on large Bitcoin price spikes you can leverage by selling BTC.
Bitcoin’s potential as a leading crypto asset cannot be overstated. Thus, crypto traders continue to grow to capitalise on market optimism. Knowing how to sell Bitcoin is crucial because crypto trading is all about profit.
For the most excellent Bitcoin prices in Nigeria, sell on Prestmit.