Binance Coin (BNB) remains among the top crypto assets people are trading in the market due to its real-time value that has the potential for a moonshot. This corroborates the broad optimism for crypto trading as one of the best ways to make money online in Nigeria. Therefore, you must know the top platforms to sell Binance Coin for naira in Nigeria.
What Is Binance Coin?
Binance Coin was developed by Binance (the world’s largest crypto exchange by daily trading volume) as an asset for the platform. This is to facilitate a seamless trading experience for Binance users who can use the BNB token to pay for transaction fees.
Moreover, you can use Binance Coin to invest in exchange-traded funds (ETFs), stocks, and other assets on Binance. Therefore, this encouraged the use of BNB tokens, which, in turn, gave rise to the buying and selling of the tokens.
The broad use of Binance Coin has been a fulcrum for its popularity and rise in market value. At the time of writing this article, the price of the BNB token is about $227, with a market cap of over $34 billion. This makes it the fourth-largest cryptocurrency after Bitcoin, Ethereum, and USDT.
In light of these understandings, Binance Coin seems better positioned to attract crypto enthusiasts trading the asset. The following platforms are the top places to sell your BNB tokens for naira in Nigeria.
Top Platforms To Sell Binance Coin In Nigeria
Prestmit is a leading digital trading platform where you can sell Binance Coin in Nigeria and Ghana. It also includes other crypto assets like Bitcoin, Ethereum, Dogecoin, Litecoin, and TRON. You can also trade between cryptocurrencies and gift cards on the platform.
It is easy and simple to use Prestmit as it is beginner-friendly with clean web and mobile interfaces. While setting up an account on this platform is free, selling your BNB token and receiving your payment in naira at a lower trading fee is equally fast. The platform has a Binance Coin rate calculator to enable you to know the real-time value of BNB tokens in naira.
In addition, Prestmit employs advanced security features to ensure the safety of your funds and transactions, with real-time notification of every activity on your Prestmit account.
2. Binance P2P
You can sell your Binance coin on Binance P2P, the parent company of the crypto asset. Binance has an international reputation as one of the top exchanges on which you can trade cryptocurrencies, with BNB tokens being its popular asset.
Therefore, you can sell your BNB token in naira on this platform, which attracts a trading fee of 0.1%. Binance. However, BNB holders are largely considered VIP users eligible for VIP fee rates. In this instance, you can enjoy a 25% discount on your trading fee on the platform.
It is considerably safe to sell your BNB token on Binance as it strongly emphasizes security while providing you with a wallet to receive and store your tokens.
Breet is an exchange for selling your BNB token for cash (naira) in Nigeria. It provides an over-the-counter (OTC) trading strategy, enabling you to sell your crypto asset quickly on the platform.
A trading fee is attached to selling your Binance Coin on Breet, as these fees are low with a higher BNB value offering.
Remitano is a peer-to-peer (P2P) platform where you can buy and sell Binance Coin in Nigeria. It is a platform that facilitates direct trading between sellers and buyers – providing an escrow account to foster the safety of all trades.
Therefore, you can quickly sell your BNB token on this platform, as possible buyers can trade with you. You can sell the token and receive payment directly in your bank account, equivalent to the Binance Coin you are selling.
The trading fee on Remitano is 1% of the BNB token you are trading. This is automatically added to your total amount when placing the order on the platform.
Changelly is a P2P platform that enables you to buy and sell Binance Coin and other crypto assets in Nigeria – including Bitcoin. It is a user-friendly platform that facilitates a simple crypto trading journey for people.
Transaction fees on this platform are low when you want to sell your BNB token. It also provides rock-solid security features to protect funds and transactions on the platform.
How To Sell Binance Coin In Nigeria – Prestmit
Prestmit is a significant place to sell your Binance Coin, and you can do so with the following quick steps:
- Visit the official website of Prestmit or download the Prestmit app on the Google Play Store or the Apple Store.
- Create a Prestmit account and log in.
- Click “Buy & Sell Cryptocurrency” and choose “Sell Cryptocurrency.”
- Click “Sell Binance Coin” and create your Prestmit BNB wallet.
- Follow the prompts to sell your Binance Coin.
- You will receive payment immediately after three successive confirmations of your transaction.
Frequently Asked Questions (FAQs)
What Is The Best Platform To Sell Binance Coin For Naira In Nigeria?
I recommend Prestmit as the best place to sell your Binance Coin in Nigeria. Although there are different platforms, as highlighted in this article, Prestmit provides innovative features and low trading fees to give you an excellent trading experience.
Is Now A Good Time To Sell My Binance Coin?
Yes, you can sell your Binance Coin now, as the token has a good market value, making it among the top most expensive crypto assets in the market.
However, you should also note that the crypto market is volatile mainly – which you consider as part of your selling decision.
How Do I Calculate My Binance Coin In Naira?
You can calculate your Binance Coin in naira using the current market value of the token. This is not fixed, so you must be abreast of the price of the BNB token at the time you want to do the calculation.
At the time of writing this article,1 BNB token is equivalent to over N180,500. This is concerning the price of the BNB token at $277.
Alternatively, you can use Prestmit’s Binance coin rate calculator to inform and guide you on the naira value of the token in real-time.
We cannot overemphasize the momentum that crypto assets like Binance Coin have gathered in Nigeria over the last few years. The broad use of this token has been pivotal to its market relevance as one of the top tradable assets.
However, knowing how and where to sell your Binance Coin is important to maximize your trading goals. Prestmit is the best place to sell your BNB token for naira in Nigeria.