How to trade Bitcoin for naira: Bitcoin is undoubtedly the most cryptocurrency in the world, and it didn’t achieve that status by just being the first-ever cryptocurrency. It reached its popularity status by disrupting the economy of the world. Since its inception and due to its success, it has become the latest trend, and many Nigerians have adopted the currency as a form of investment and alternative payment method. In the wake of the adoption of Bitcoin by traders, several cryptocurrency exchange platforms have been created and launched.
A cryptocurrency exchange platform is a website or mobile app that allows you to trade one cryptocurrency for the other or local currencies like Naira and Cedis. You can buy, sell, and store Bitcoin without stress through crypto exchanges. Since there are several exchange platforms in Nigeria, you must find one that aligns with your trading needs. If you use the wrong exchange platform, your success as a Bitcoin trader might become impeded. Hence, you must research any platform you intend to use and ensure it has the following features.
- An active social media presence to confirm their legitimacy.
- An easy and intuitive user interface to make navigation seamless.
- A Safe crypto wallet to store your crypto assets.
- The transaction history feature must be present to track your transactions over a period of time.
- A rates calculator to help you calculate the current rates of Bitcoin and stay updated.
- Responsive customer services to over 24/7 customer support.
- Top-notch security services to protect your account information and assets.
- Incentives like referral bonuses to make trading interesting.
- Sell Bitcoin at good rates to help you and other traders maximize profits.
Best Bitcoin exchange in Nigeria
Going by the features listed, Astro Africa is the best exchange platform because it encompasses everything you need in an exchange platform. Astro Africa is easy to use, secure, and convert Bitcoin to naira at good rates.
Even more, transaction time on Astro Africa is less than 15 minutes, and you get paid immediately. With Astro Africa, you never have to worry about transaction fees because it is absolutely free. Astro Africa will make your transition into the crypto industry easy and safe. All you have to do now is follow the steps below to create an account and start trading.
How to trade Bitcoin for naira
- Create an account using your valid email and phone number through the Astro Africa mobile app (iOS and Android) or website.
- After creating an account, you’ll be directed to your dashboard.
- Log into your Astro account.
- Add a local bank account and create your transaction pin.
- Add a naira wallet by clicking wallet.
- Click on sell crypto on your account dashboard.
- On our platform, you can sell Bitcoin, USDT, Ethereum, and BNB. Select Bitcoin.
- Choose your payment wallet (Naira or Cedi wallet), and enter the amount in dollars or BTC; the calculator will display the amount you will receive in your local currency; click on proceed if you agree with the terms.
- A Bitcoin wallet address will automatically display on your screen. Copy and paste the address into the space provided.
- Click on “I have sent Bitcoin” to confirm that it has been transferred.
- Astro Africa will proceed to verify and authenticate your transaction. In less than 10 minutes, you’ll get paid.
Read also: Sell Bitcoin in Ghana fast
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