How to Sell Your Cryptocurrencies In Nigeria
By choosing legally compliant methods, traders can ensure security, legality, and peace of mind in their transactions.
In recent years, the landscape of cryptocurrency trading in Nigeria has undergone significant changes due to regulatory adjustments by the Central Bank of Nigeria (CBN).
These changes have shaped the ways in which individuals can legally sell and convert cryptocurrencies into Naira. In this post, learn how to legally convert your coins to Naira in Nigeria.
Methods for Selling Cryptocurrencies in Nigeria
#1. Peer-to-Peer (P2P) Platforms
Although platforms like Binance have stopped Peer-to-peer transactions, platforms such as Bybit, P2P, Paxful, and LocalBitcoins still offer a decentralised avenue for trading cryptocurrencies.
These platforms connect buyers and sellers directly, allowing them to negotiate prices and settle transactions using various payment methods, including bank transfers or mobile money. You can also join P2P groups on Telegram to sell your coins.
