The price of Bitcoin and other cryptocurrencies are currently down but do you know where to sell at the best rate?
Bitcoin is the biggest cryptocurrency which makes it available to buy and sell in various crypto exchanges/platforms. As it is important to know much about the cryptocurrency to invest in so it is to know about the place trade.
In Nigeria, many people buy & sell cryptocurrency making it rank the top among crypto users in the world. The mobile app of crypto trading platforms is the where to go for Nigerians.
In this post, we’ll therefore look at the best app to sell Bitcoin in Nigeria today. This is a guide on how to sell Bitcoin in Nigeria for beginners.
What is Bitcoin?
Bitcoin is a decentralized digital currency, without a central bank or single administrator. It can be sent from user to user on the p2p bitcoin network without the need for intermediaries.
The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
As of today, Bitcoin is the largest and most popular cryptocurrency. Several other coins have been created using its model and are known as altcoins i.e. alternative currency.
As at the time of writing, Bitcoin’s price is $20,534.88 USD with a 24-hour trading volume of $29,880,841,889 USD. Although it has been up in the last 24 hours, BTC has tumbled in recent months.
BTC is the number one ranked cryptocurrency with a live market cap of $391,659,659,611 USD. It has a circulating supply of 19,072,893 BTC coins and a maximum supply of 21,000,000 BTC coins.
Why Do People Trade Bitcoin?
Recently, there has been a storm in the crypto industry due to the collapse of Terra’s UST & LUNA. Bitcoin is selling more than half the price it sells in 2021. Despite this, many still see the opportunity to make profit with the Satoshi-created-coin.
People all over the world sees the advantages digital currency have over the traditional forms of money. This makes it one to consider for the people, Money laundering, for example is less common than cash currency. As there has been a huge sense of distrust of the financial system, Bitcoin, which is decentralized therefore look like what to try out.
Many people want to trade Bitcoin as it is seen as a way of making quick money. The unstable price of crypto assets have made many to study its market in order to make a fortune. Even though it has witnessed many tumble over the years, it is still standing as the most valuable crypto asset.
In Africa where there are issues with the financial institution as well as poverty ravaging the land, people trade Bitcoin to gain financial freedom. The continent, for this reason have the largest population of P2P users in the globe.
Some really care about the decentralization of crypto such as BTC which helps to send/receive money without the notice of banks & other financial institutions.
People also focus on Bitcoin and other crypto assets because of its new uses of financial alternatives. These programs are called DeFi (decentralized finance).
Best App to Sell Bitcoin in Nigeria in 2022
If you really want to sell your Bitcoin at this time, then you have to choose the best place to sell it right. One of the best sites to buy & sell Bitcoin and other crypto assets in Nigeria is Prestmit.
Prestmit is a digital exchange platform that has gained the trust of users who come to it daily for their digital exchange. Users can buy and sell BTC on its online platform as well as its mobile app at the best market rates.
The latest version of Prestmit mobile app for Bitcoin trading is the best out there. It’s beginner-friendly interface as well other factors make it a place to go for crypto traders in Nigeria and beyond.
Why Choose Prestmit App for Bitcoin Trading
Here are the reason you should choose Prestmit app for your Bitcoin trading.
- It is faster– The latest version of the Prestmit app makes your transaction faster than ever. Transactions only take minutes and payments are instant once requested. Both naira and crypto withdrawals on the platform are instant.
- It is much easier– One of the reasons Prestmit’s user can’t but use the app is because it is easy to use. You can download the app with ease as well as trade with ease. The new app is built to give you the simplest trading experience ever.
- Better experience- The launch of the new app is to serve its users who have given it top ratings much better experience. The latest version is a boast for Bitcoin and other crypto trading. The good rates provided on this platform coupled with its user friendly app gives you awesome experience. All you need do is to upgrade your app to the latest version or download the app if you are new to Prestmit.
- It is safe– Prestmit app is equipped with modern security tools to help secure your account at all times. These include 2FA authentication and also a centralized security architecture that secures all components and layers within the platform.
How to Sell Bitcoin Using Prestmit App
Before you start trading Bitcoin on our platform, you need to have a PRESTMIT BTC wallet. If you don’t have this, please generate one on the Bitcoin Wallet page.
Once your BTC Wallet address has been generated, it becomes yours permanently. You can then save this address somewhere and receive bitcoins with it anytime!
To sell bitcoins, follow the details below:
Any bitcoin sent to your wallet address, after getting 3 confirmations, will be automatically converted to NAIRA using the current rate. Current rates can be found on the bitcoin wallet page.
This means that if you send $100 worth of bitcoin and the rate is 460, your account will be credited with 46,000 naira after the bitcoin gets 3 confirmations. The whole process is fully automated.
There is a rate table on the platform where you can check for current rates.
The value there changes based on the current market rate. Your bitcoin will be converted according to the corresponding rate.
If the bitcoins you sent is not in USD, our system will convert it to USD automatically. But you can check for yourself on Preev.com
Is Prestmit Legit?
Yes, Prestmit is a trustworthy site for digital exchange services. The company has earned the trust of its customers both in Nigeria and Ghana.
The company has been growing every year since its launch in 2019. The amount of its users in its first year of operation was 10, 000. As of today, there are over 200, 000 users who are involved in gift card exchange, crypto trading and other services.
These number of clients/customers have tested and confirmed that the site is okay for their transactions. The app has since received good ratings by many of the users.
The Bottom Line
It is very important to know the best place for where to deal with crypto asset. A good site will provide you the ease of transacting with your money, secure your tokens and other things.
Prestmit however meets all the requirement to enjoy a wonderful trading experience in your bid to make more money.