To make it easy for all our customers, in this guide, we have taken our time to explain in details, the process of selling Bitcoin on PRESTMIT.
NOTE: This article is for how to sell bitcoin in Nigeria on Prestmit, if you want to check how to sell other crypto, read how to sell crypto on Prestmit.
Here are some frequently asked questions:
- How long does trading take?
Answer: An average Bitcoin trade time on Prestmit is 15 to 30 minutes. What this simply means is that within 15-30 minutes, you will have completed a Bitcoin trade successfully. It might take longer depending on the Bitcoin network and sending fee.
- How do I get paid?
Answer: IMMEDIATELY the trade is completed, you can withdraw your money.
- When can I trade on Prestmit?
Answer: We operate 24/7 so you can trade anytime you want. We also have a live chat available on the platform, so whenever you need any form of help, don’t hesitate to ask or reach us on Whatsapp at 07026290389.
HOW TO TRADE BITCOINS ON PRESTMIT
You can watch the video below for a quick tutorial Or continue to read if you prefer that.
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 for 1 BTC to naira 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
After sending bitcoins to your address, you may be wondering: “Do I have to do anything?” “How long till I get a confirmation?”. This and many more of your questions will be answered below.
FAQ 1: Do I have to do anything?
ANSWER: No, you don’t have to do anything. Just wait.
FAQ 2: How long do I have to wait?
ANSWER: The naira equivalent is added to your balance after 3 confirmations from the bitcoin network. This usually takes approximately 15-30 minutes and is done to avoid fraud and ensure transaction reputability. If your transaction is taking too long, that means the network fee used when sending was low or the bitcoin network is congested, kindly be patient.
FAQ 3: Can I send BTC from any country?
Answer: Yes! You can sell bitcoin in Nigeria by sending from any country, from any wallet, and also from any bitcoin ATM machine (Click the link to see how to send from bitcoin ATM).
FAQ 4: What is the limit?
Answer: There is no minimum or maximum limit.
Note that your bitcoins cannot be stored on the platform because it will ALWAYS be converted to naira automatically.
FAQ 5: Is it safe?
Answer: Prestmit is equipped with modern security tools to help secure your account at all times. These include a centralized security architecture that secures all components and layers within the platform.
DO YOU NEED HELP?
If you need help concerning anything, you can reach out to us:
We have a live chat available on the platform, so whenever you need any form of help, don’t hesitate to reach out. The response is instant. Also, you can send an email to [email protected]