I’m sure you are on this page because you need an answer to the
question how can I convert bitcoin to naira? In this post I will answer
your question “ how can I convert your bitcoin to naira” and get it
paid into your local Nigeria bank account first of all let’s take a quick
look of what bitcoin is if you already know what bitcoin is an will like
to skip this section click here
What is bitcoin?
Bitcoin is a digital currency (crypto currency) this means it cannot be
held physically but it can only be seen on computer. Bitcoin are kept
in a wallet these wallets are also digital wallets every wallet has a
unique id which is called wallet address. A wallet address serves as
an account number. Bitcoin transactions are faster because bitcoin
uses block chain technology and bitcoin is also a decentralized
currency which means it cannot be controlled or monitored by
anybody. Bitcoin transactions are irreversible. You have to absolutely
careful when doing a bitcoin transaction because if you send bitcoin
to a wrong wallet address you can not retrieve it you can not call any
customer care this is why it is called decentralized. To ensure
absolute safety you are encouraged to copy and not type bitcoin
wallet address
How can i convert bitcoin to naira?
Bitcoin and other major crypto currencies always have a means of
exchange. I also use these methods and websites which I will share
with you after reading this post you will be clear with the question
How can I convert my bitcoin to naira?. First there are two websites
you can use for conversion of bitcoin into naira this is literally selling
the bitcoin for naira. The first website you can use is www.luno.com .
Luno is a famous bitcoin website where you can buy sell and also
withdraw bitcoin into your local bank account you have the
opportunity to sell your bitcoin back to the company.
The next is www.remitano.com
Remitano helps you to sell your bitcoin to other bitcoin users. This is
usually faster than www.luno.com. Because other bitcoin users will
pay directly into your bank account.
What it does is linking millions of buyers to millions of sellers in your
local currency. You will have to confirm your identity if you want to
buy bitcoin on remitano. Remitano is one of the fastest ways of selling
bitcoin in Nigeria and other countries too.
STEPS TO TAKE TO USE LUNO FOR CONVERSION
1. You will need to visit www.luno.com and create account
creating an account is free it will automatically generate a
bitcoin wallet address for you.
2. Login to your account and copy the bitcoin wallet address send
the bitcoin you want to convert into the wallet address.
3. Set up your local bank account information (the account you
want to receive money with).
4. Input the amount of bitcoin you want to withdraw. You will be
charged a withdrawal fee this is usually #200.
5. After the above process you will have to wait for approximately
24hours for the bitcoin payment to be paid into your local bank
account.
STEPS TO TAKE TO USE REMITANO FOR CONVERSION
1.Create an account on www.remitano.com you will .
2. (Optional for only sellers) Verify your account.
3. Click on sell bitcoin and input the amount you want to sell , the
websites then shows you lists of buyers who will like to buy the
particular amount of bitcoin you want to sell.
4. Send the bitcoin you want to sell or convert to the wallet address
provided by the website. Note: the wallet address belongs to the
company and it is very safe , your bitcoin is not sent to users
directly it is held by the website and will be sent to the user after a
successful payment have been made to your bank account. If you
do not verify the payment your bitcoin will not be sent to the other
user and you cannot also receive payment and report you didn’t
because the issue will be investigated.
If you find this post helpful or you have any issues with the steps
explained in this post all you have to do is drop a comment and you
will get more help. Don’t forget to share this post with your friends
and loved ones who also needs help exchanging their bitcoin.
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