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What is Prestmit Used For?

Prestmit is one of the top digital exchange platforms in Nigeria. Since its launch in 2017, the company has grown to be one of the trusted and reliable digital exchange platforms.

The company has its physical existence both in Nigeria and Ghana, giving it a significant stand in the African marketplace. To make its customers/users have a wonderful experience, Prestmit has a mobile app that serves many purposes.

In this post, we’ll look at what Prestmit is used for and how to use it. Before then, let’s learn more about the company, Prestmit.

What is Prestmit?

Prestmit is a digital exchange platform designed for users to trade, buy and sell digital assets as well as gift cards.

The platform is notable for its presence in Africa’s most populous nation and fast-rising nation, i.e. Nigeria and Ghana. This makes the Nigerian Naira and Ghanaian Cedis part of the payment options on the platform.

Prestmit has offered quality services to Africans which has made the number of its users to increase significantly. Many of its users can attest to its quality of service and has seen it ranked high among other P2P platforms in this part of the world.

Prestmit 1
Prestmit is one of the top Cryptocurrency trading Platform in Africa

What is Prestmit Used For?

On this platform, you can trade, buy and sell cryptocurrency such as Bitcoin, Litecoin, Dogecoin, and USDT (Tether).

Prestmit also give the best value return for your gift card assets. You can sell gift cards in Nigeria, for cedis or mobile money, for Bitcoins, or for USDT, anytime, anywhere, on Prestmit.

You can also do your airtime and data topup on this platform. These services are available by using Naira, Cedis, and Bitcoin & USDT as payment options.

In delivering quality service to its customers, the company have a mobile app. In its bid to be the best marketplace in the African content, especially in Ghana & Nigeria, Prestmit has a new app launched.

What are the Products Available on Prestmit?

For gift card exchanges, the products available include gift cards to naira, cedis, Bitcoins and USDT.

For crypto trading, the cryptocurrency available at market rates include Bitcoin, Litecoin, USDT and Dogecoin.

How To Make Use of Prestmit App

The Prestmit is available for download on Android via Google Playstore and iOS. Once you download, you can register with ease by the following steps listed on the app.

You’ll need to provide some of your details while using the platform. With this, you can trade your crypto assets or gift cards.

The Prestmit app is efficient for buying and selling of Bitcoins and other assets like USDT, Litecoin, and Dogecoin.

How to use Prestmit
How to use Prestmit

How To Buy Bitcoin Using Prestmit Bitcoin App

1. Create a Prestmit account on the website or Prestmit mobile app on your android play store

2. Log in on your Prestmit account

3. Generate a Bitcoin address

4. Click on ‘Buy Bitcoin’ from the list of currencies provided

5. Select a preferred payment method

6. Enter the amount of Bitcoin you want to buy

7. Your order will be received upon the successful completion of the details

8. Upon the confirmation of payment, the equivalent Bitcoin will be transferred to your Prestmit wallet.

How To Sell Bitcoin on 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.

Prestmit Bitcoin App
Prestmit Bitcoin App

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

How To Sell USDT for Naira on Prestmit

It is very fast and easy to sell USDT on P2P trading platforms like Prestmit. Once you create an account you will be given a free USDT wallet.

When you send the amount of USDT you want to change to your wallet, wait for 3 confirmations. After the confirmation, you can now withdraw your money in Naira.

How To Buy & Sell Dogecoin for Naira on Prestmit

As you can sell or buy your DOGE using on Prestmite’s website, you can also do the same on its mobile app.

If you are to sell Dogecoin in Nigeria/Ghana on this platform, you are to first create an account with them. With its wallet, you will have access to your private keys.

All you need do is take these steps below to sell dogecoin in exchange for naira;

    1. Create Account- Register a Prestmit account in less than a minute.
    2. Create Address– As a Prestmit user, you get a free dogged address.
    3. Send Doge- Send your dogecoins to your Wallet Address.
    4. Get Paid Instantly- Wait for 3 confirmations and get paid instantly.

How To Sell Litecoin on Prestmit

To sell Litecoin on Prestmit, follow the quick and easy steps below.

1. Create An Account
Register a Prestmit account to get started.

2. Generate Litecoin Wallet Address
As a Presmit user, you will have a Litecoin wallet address on which you can see the current Litecoin rates and can start the process of selling.

3. Send Litecoin
Click on “BEGIN TRADE” or “START TRADE” to sell your Litecoin. Send your Litecoin to your Prestmit Litecoin address.

4. Get Paid
The naira amount gets added to your naira wallet according to the corresponding rate once the transaction gets three (3) confirmations on the Litecoin network. Waiting for these 3 confirmations is aimed at avoiding fraud and ensuring transaction non-reputability.

How To Trade Gift Cards

If you are trading your gift cards in Nigeria, Prestmit is also the platform to do so and get the best value.

On the Prestmit website/app, you can also trade your gift cards by following the steps stated.

Also Read- Is Prestmit Bitcoin App Safe?

Whenever you decide to start trading, Prestmit can provide everything you need to have a wonderful trading experience. It is safe, quick and easy to use.