Best Apps to Sell BTC in Nigeria

Selling Bitcoin (BTC) in Nigeria has become increasingly accessible with the proliferation of various platforms and apps that cater to the needs of local traders. In this comprehensive guide, we will explore some of the best apps available for selling BTC in Nigeria, focusing on their features, advantages, and how they compare to each other. Whether you're a seasoned trader or a beginner looking to cash out your Bitcoin, this article will help you navigate the options available to you.

1. Binance

Binance is one of the world's largest and most popular cryptocurrency exchanges, and it has a significant presence in Nigeria. The Binance app offers a user-friendly interface, advanced trading options, and high liquidity, making it a top choice for selling BTC.

Key Features:

• High Liquidity: Binance has a large user base, ensuring that you can quickly find buyers for your BTC.
• Low Fees: The platform offers competitive trading fees, which can be further reduced by using Binance Coin (BNB).
• Security: Binance uses advanced security measures to protect your funds and personal information.
• Local Payment Options: Users in Nigeria can withdraw funds in Naira (NGN) using local bank transfers.

How to Use Binance to Sell BTC:

1. Create an Account: Sign up for a Binance account through their app or website.
2. Verify Your Identity: Complete the KYC (Know Your Customer) process to comply with regulatory requirements.
3. Deposit BTC: Transfer your BTC to your Binance wallet.
4. Sell BTC: Use the app to create a sell order, either at market price or a specified price.
5. Withdraw Funds: Choose a local bank transfer to convert your BTC to NGN and withdraw the funds.

2. LocalBitcoins

LocalBitcoins is a peer-to-peer Bitcoin exchange that connects buyers and sellers directly. It is a popular choice in Nigeria due to its flexibility and ease of use.

Key Features:

• P2P Trading: You can sell BTC directly to other users without the need for an intermediary.
• Variety of Payment Methods: Sellers can choose from various payment methods, including bank transfers, mobile money, and even cash.
• Escrow Service: LocalBitcoins uses an escrow system to protect both parties in the transaction.
• Local Support: The platform has a strong presence in Nigeria, with many local traders available for quick transactions.

How to Use LocalBitcoins to Sell BTC:

1. Create an Account: Register on LocalBitcoins and complete the necessary identity verification.
2. List Your BTC: Create a sell ad specifying the amount of BTC you want to sell and the payment method you prefer.
3. Find a Buyer: Review offers from buyers and select one that matches your requirements.
4. Complete the Trade: Use the escrow service to securely complete the transaction.
5. Receive Payment: Once the buyer confirms receipt of BTC, the funds will be released to your account.

3. NairaEx

NairaEx is a Nigerian cryptocurrency exchange that allows users to trade BTC and other cryptocurrencies for Nigerian Naira (NGN). It is known for its straightforward approach and local support.

Key Features:

• Local Exchange: NairaEx focuses on the Nigerian market, making it easy to buy and sell BTC in NGN.
• Simple Interface: The platform offers a simple and intuitive interface suitable for beginners.
• Local Support: NairaEx provides customer support tailored to Nigerian users.

How to Use NairaEx to Sell BTC:

1. Create an Account: Sign up on NairaEx and verify your identity.
2. Deposit BTC: Transfer your BTC to your NairaEx wallet.
3. Sell BTC: Create a sell order and set the price at which you want to sell your BTC.
4. Withdraw Funds: After the sale is completed, withdraw NGN to your local bank account.

4. Quidax

Quidax is another Nigerian cryptocurrency exchange that allows users to buy and sell Bitcoin and other cryptocurrencies. It offers competitive rates and a user-friendly platform.

Key Features:

• Competitive Rates: Quidax provides competitive rates for buying and selling BTC.
• Easy to Use: The platform is designed with ease of use in mind, making it accessible for beginners.
• Fast Transactions: Quidax processes transactions quickly, allowing for fast access to your funds.

How to Use Quidax to Sell BTC:

1. Register an Account: Create an account on Quidax and complete the KYC process.
2. Deposit BTC: Transfer your BTC to your Quidax wallet.
3. Sell BTC: Place a sell order on the platform.
4. Withdraw NGN: Once your BTC is sold, withdraw the proceeds to your Nigerian bank account.

5. Remitano

Remitano is a global P2P cryptocurrency exchange with a presence in Nigeria. It offers a secure and convenient way to sell BTC directly to other users.

Key Features:

• P2P Transactions: Remitano connects buyers and sellers directly, facilitating easy transactions.
• Secure Platform: The platform uses an escrow system to ensure the security of transactions.
• Local Support: Remitano provides support for Nigerian users, making it easier to handle local transactions.

How to Use Remitano to Sell BTC:

1. Create an Account: Sign up on Remitano and complete the verification process.
2. List Your BTC: Create a sell ad with details about the amount of BTC you want to sell and the payment method.
3. Find a Buyer: Select a buyer based on their offer and complete the transaction.
4. Receive Payment: Once the buyer confirms receipt of BTC, the payment will be transferred to your account.

Comparison Table

App	Key Features	Fees	Payment Methods
Binance	High liquidity, low fees, security	Low	Bank transfer
LocalBitcoins	P2P trading, variety of payment methods	Varies	Bank transfer, mobile money, cash
NairaEx	Local exchange, simple interface	Moderate	Bank transfer
Quidax	Competitive rates, fast transactions	Low	Bank transfer
Remitano	Secure P2P transactions, local support	Low	Bank transfer, mobile money

Conclusion

Each app mentioned above offers unique advantages for selling BTC in Nigeria. Binance and Quidax are excellent choices for their liquidity and ease of use, while LocalBitcoins and Remitano provide flexibility with their P2P trading features. NairaEx is a solid option for those who prefer a local exchange. Consider your specific needs, such as payment methods, fees, and ease of use, to choose the best app for selling your Bitcoin in Nigeria.