What is the process of selling bitcoin for naira?

3 answers

• Patel GrishmaFeb 06, 2025 · 7 months ago
  Sure! Here's a step-by-step guide on how to sell bitcoin for naira: 1. Find a reputable cryptocurrency exchange that supports bitcoin to naira trading. 2. Create an account on the exchange and complete the necessary verification process. 3. Deposit your bitcoin into your exchange wallet. 4. Place a sell order for bitcoin and specify that you want to receive naira as the payout currency. 5. Wait for your sell order to be matched with a buyer. 6. Once the order is matched, the bitcoin will be deducted from your wallet and the corresponding amount of naira will be credited to your exchange account. 7. You can then withdraw the naira to your bank account or use it for other purposes. Please note that the process may vary slightly depending on the exchange you use, but these are the general steps involved in selling bitcoin for naira.
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• Ricardo BlohmSep 14, 2022 · 3 years ago
  Selling bitcoin for naira is a straightforward process. First, you need to find a trusted cryptocurrency exchange that supports bitcoin to naira trading. Once you have an account on the exchange, you can deposit your bitcoin into your wallet. Then, you can place a sell order for bitcoin and specify that you want to receive naira as the payout currency. Once your sell order is matched with a buyer, the bitcoin will be deducted from your wallet and the corresponding amount of naira will be credited to your exchange account. From there, you can withdraw the naira to your bank account or use it for other purposes. Remember to consider the fees and exchange rates when selling bitcoin for naira.
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• H297_ Vera Alissiya PutriJan 08, 2022 · 4 years ago
  When it comes to selling bitcoin for naira, the process is quite simple. First, you need to find a reliable cryptocurrency exchange that offers bitcoin to naira trading. Once you have an account on the exchange, you can deposit your bitcoin into your wallet. Then, you can place a sell order for bitcoin and specify that you want to receive naira as the payout currency. The exchange will match your sell order with a buyer, and once the transaction is complete, the bitcoin will be deducted from your wallet and the corresponding amount of naira will be credited to your exchange account. You can then withdraw the naira to your bank account or use it for other purposes. It's important to choose a reputable exchange and consider factors such as fees and security when selling bitcoin for naira.
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