How do I cash out Bitcoin in Nigeria?

Can you cash in Bitcoins at a bank?

Withdrawal Methods: Coinbase lets you sell Bitcoins for cash, which you can then withdraw into your bank account. You can only cash out your Bitcoin into a bank account that you have already used to buy cryptocurrency on Coinbase.

Can I withdraw my bitcoin in Nigeria?

LUNO is the current solution for those who wish to withdraw their bitcoin into their local bank account in Nigeria. It was formally called BitX, and it has a wallet for withdrawal. … You can use your ATM card to deposit money from your bank account to LUNO wallet instantaneously on their website.

How do I withdraw Bitcoin to my bank account in Nigeria?

To withdraw bitcoin into your bank account, simply click on “More” under your BTC balance. Click on an option termed “Instant Sell”, put in the amount you want to sell in naira or in BTC, and confirm the amount. After confirming the amount you continue.

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Where can I sell my bitcoin for cash in Nigeria?

Sell Bitcoin in Nigeria

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Can I transfer Bitcoin to my bank account?

Bitcoins can not be withdrawn into a bank account directly. You can either sell them to somebody who then transfers money to your bank account, or you can sell them at an exchange and withdraw the funds from there.

How do I convert Bitcoins to cash?

How Can You Move BTC To A Bank Account?

  1. Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. …
  2. Sign up and complete the verification process.
  3. Deposit (or buy) BTC into your account.
  4. Cash-out your BTC to fiat via bank transfer or PayPal (applicable to some services)


What is the best Bitcoin wallet in Nigeria?

if you need to pay for products or services online, then you will surely need a bitpay wallet.

  • Bitcoin BTC.
  • Bitcoin Cash BCH.
  • Gemini Dollars GUSD.
  • Paxos PAX.
  • Circle USD coin USDC.

Can I still buy Bitcoin in Nigeria?

In February of this year, the Central Bank of Nigeria (CBN) imposed a ban preventing banks and financial operators from processing transactions for cryptocurrency exchanges. Despite this setback, residents can still buy, sell and trade crypto in Nigeria.

How can I withdraw money from Gramfree in Nigeria?

Observe the steps under:

  1. Login to you Gramfree account, Click on HERE.
  2. Go to Menu.
  3. Click on on “Withdraw”
  4. Select Bitcoin as your withdrawal methodology. Enter your pockets deal with.
  5. Click on Affirm and proceed to withdraw.
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How do I sell my bitcoin in Nigeria?

How to sell bitcoins in Nigeria

  1. Log into your BFX account on and click on New Transaction. ( Please transact only during business hours: 9 – 5.30PM, Monday – Friday)
  2. Choose BTC in the “You sell” field and NGN in the “Recipient gets” field.

Is there Bitcoin ATM in Nigeria?

Africa’s largest country has welcomed its first Bitcoin ATM. … Blockstale BTM, the company that installed the ATM in the Dazey Lounge and Bar in Lagos state, plans to launch more than 30 more terminals across Nigeria.

Is it easy to sell Bitcoin for cash?

The simplest and most “automated” way to turn your Bitcoin into hard cash is through an exchange platform. They act as a middleman for the famously decentralized cryptocurrency by selling your Bitcoin for you. Since it’s one of the most popular and well-established exchanges, we recommend Coinbase.

How much is $50 worth of bitcoin in Naira?

For fifty bitcoins you get today 772,527,838 naira 95 kobo.

How can I sell Bitcoins for cash?

How do I sell or “cash out” my cryptocurrency?

  1. Select Buy / Sell on a web browser or tap on the Coinbase mobile app.
  2. Select Sell.
  3. Select the crypto you want to sell and enter the amount you want to withdraw.
  4. Select Preview sell > Sell now to complete this action.
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