Sell cryptocurrency in Nigeria

How to Sell Cryptocurrency in Nigeria (2025 Guide)

Cryptocurrency in Nigeria has skyrocketed in recent years, making the country one of Africa’s biggest crypto markets. Whether you’re a seasoned trader or just looking to cash out your crypto holdings, selling cryptocurrency in Nigeria is now easier than ever—despite past banking restrictions. Here’s a step-by-step guide to help you sell your crypto safely and at the best rates.

1. Choose the Right Platform

There are several platforms available in Nigeria where you can sell your cryptocurrency. The most common options include:

Peer-to-Peer (P2P) Exchanges

  • Binance P2P

  • Paxful

  • KuCoin P2P

  • OKX P2P

These platforms allow you to trade crypto directly with other users, offering flexibility in payment methods (bank transfers, mobile money, cash, etc.).

Local Exchanges

  • Bundle Africa

  • Luno

  • Yellow Card

  • Roqqu

Some of these platforms allow you to convert your crypto to naira and withdraw directly to your Nigerian bank account.

2. Set Up and Verify Your Account

Before trading, most platforms will require:

  • Email verification

  • BVN (Bank Verification Number)

  • ID verification (e.g., National ID, Passport, or Driver’s License)

  • A selfie for KYC (Know Your Customer)

This ensures your account is secure and compliant with anti-fraud regulations.

3. Transfer Crypto to Your Wallet on the Platform

Move your crypto (BTC, ETH, USDT, etc.) from your personal wallet to the wallet provided by your chosen platform. Ensure you're using the correct blockchain network (e.g., BEP20, ERC20, TRC20) to avoid transfer issues.

4. Create a Sell Order

On a P2P exchange:

  • Choose a buyer offering your preferred payment method and rate.

  • Enter the amount you want to sell.

  • Lock the trade to begin the transaction.

On a local exchange:

  • Click “Sell Crypto”

  • Enter the amount and confirm the exchange rate

  • Proceed to sell

5. Receive Your Naira Payment

In P2P trades, the buyer will transfer money to your account after you’ve confirmed the trade. Once you receive payment, confirm receipt on the platform to release the crypto from escrow.

On local exchanges, the naira amount is deposited directly into your wallet or Nigerian bank account.

⚠️ Always confirm you’ve received the money in your bank account before releasing your crypto in P2P trades.

6. Withdraw to Your Bank Account (If Needed)

If you used a wallet-based platform, you can now transfer your naira balance to your Nigerian bank account. Most transfers are instant, but it can take up to 24 hours.

Tips for Selling Safely in Nigeria

  • Avoid third-party trading: Only trade directly via trusted platforms.

  • Double-check payment names: Ensure the name on the buyer’s bank account matches the name on their profile.

  • Use platforms with escrow services: This protects both the buyer and the seller.

  • Beware of fake alerts: Only confirm trades after seeing cleared funds in your account.


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