The Best 5 Sites to Sell Bitcoin in Nigeria

Nigeria is one of the largest crypto markets in Sub-Saharan Africa, where Bitcoin is among the most traded cryptocurrencies. As a result, secure and reliable sites to sell Bitcoin in Nigeria are essential for traders and investors.  

With countless crypto apps, sites, and exchanges emerging every day, it’s worth taking a look at this carefully filtered and curated list of the top five most trusted platforms to sell Bitcoin in Nigeria, whether you’re looking to convert it to naira or trade it for other cryptocurrencies.

5 Best Sites to Sell Bitcoin in Nigeria 

1. Breet 
2. Coinbase 
3. Bybit 
4. Binance 
5. Bitget

1. Breet

Breet is a leading crypto-to-cash platform trusted by crypto holders, traders, and investors in Nigeria and Ghana. Whether you’re a beginner or a seasoned trader, Breet makes it easy to sell Bitcoin in Nigeria with its automatic Bitcoin-to-Naira conversion, no need for P2P trading or third-party merchants.

Simply receive your BTC, convert it, and withdraw your naira directly to your bank account, all from one platform. With a user-friendly interface, competitive exchange rates, and instant payouts, Breet offers a fast, stress-free way to turn your crypto into cash.

How to Sell Bitcoin on Breet

Step 1: Sign Up for a Breet Account

If you’re a new user, start by creating an account on Breet. You can sign up via the website or download the Breet app from the Google Play Store or the Apple App Store.

Already have a verified account? Skip to Step 3.

Step 2: Verify Your Identity (KYC)

After signing up and logging in, complete Breet’s Know Your Customer (KYC) process. This typically involves submitting a valid form of ID, such as your NIN or Voter’s Card.

Step 3: Deposit Bitcoin into Your Breet Wallet

Once verified, deposit your Bitcoin. Breet automatically generates a  Bitcoin wallet address for you upon signup.

Copy this address and send BTC from your external wallet to it. The transaction should be confirmed on the blockchain within minutes, and your BTC is automatically converted to Naira. Your account balance will reflect in Naira (NGN). This is the easiest way to sell Bitcoin in Nigeria.

Step 4: Withdraw Funds to Your Bank Account

When your BTC has been converted, you can withdraw your funds. First-time users must link a bank account:

• Go to the Menu bar
• Click Bank Details
• Add your account information and select your currency

Once done, return to the Menu, click Withdrawal, select your bank account, and confirm the transaction. Your payout should arrive in just a few minutes.

2. Coinbase

Coinbase is a US-based exchange known globally for its strong regulatory compliance and secure trading environment. It supports Bitcoin and over 200 other cryptocurrencies. Its user-friendly interface appeals to those who prioritize trust and simplicity.

Limitation

Accessing Coinbase from Nigeria can be a hassle due to strict KYC requirements; users must provide a valid driver’s license. Additionally, there’s no option for direct withdrawal to Nigerian bank accounts.

3. Binance

Binance is the world’s largest cryptocurrency exchange by trading volume and remains highly popular in Nigeria. With its high liquidity, users can sell Bitcoin and other assets quickly and with minimal slippage.

Despite recent regulatory challenges in Nigeria, Binance continues to attract a large user base looking to convert crypto to cash.

Limitation

Binance no longer supports Naira-based P2P trading, and there is no option for direct withdrawal to a Nigerian bank account.

4. Bybit

Bybit is also popular among Nigerian crypto nomads and advanced traders, offering over 500 tokens and deep liquidity, ensuring low slippage and near-instant trade execution. Nigerian users can sell Bitcoin on Bybit through its P2P marketplace for Naira.

Limitation

Bybit may feel overwhelming for beginners unfamiliar with spot or P2P trading. Additionally, there’s no direct bank withdrawal option.

5. Bitget

Bitget is steadily gaining popularity among Nigerian traders for its smooth trading experience and support for over 400 cryptocurrencies. It’s a solid choice for selling Bitcoin in Nigeria, offering reliable P2P trade execution and competitive rates.

Limitation

Bitget imposes a 0.5% fee on P2P trades, and like others, does not offer direct withdrawal to Nigerian bank accounts.

Factors to Consider Before Selling Bitcoin on Any Site

Before converting your Bitcoin to Naira on any platform, here are some factors to keep in mind. These considerations also formed part of the criteria used in selecting the recommended sites.

1. Security and Safety First

Stolen BTC is almost certainly lost forever. For this reason, crypto nomads in Nigeria should always put safety first by selecting a crypto platform that prioritizes security.

2. Regulatory Compliance

For centralized exchanges, sites, and fintech apps, always choose those that comply with regulations and are approved by the appropriate authorities. This protects you from shady and malicious sites. Your Bitcoin might be stuck in limbo when unregulated exchanges and sites are sanctioned, banned, or shut down.

So, checks and verification such as:

• KYC (Know Your Customer)
• AML (Anti-Money Laundering)

Keep your asset safe and compliant, preventing fraud and ensuring your transactions are legal.

3. MFA or 2FA

Two-Factor Authentication (2FA) or Multi-factor authentication  (MFA) helps protect against unauthorized access in the event of a password breach. It’s advisable to use crypto to cash platforms that offer this layer of protection.

4. User Experience

When choosing a platform to sell Bitcoin in Nigeria, user experience is crucial. From ease of use to interface navigation, fast registration, and smooth onboarding, all these elements make it easier to sell your BTC without confusion.

Customer support is another important part of the overall experience. Having quick, on-demand access to responsive and helpful support can save you both time and stress.

Pro tip: Before settling on a platform, check the app store reviews or search social media and YouTube to see what others are saying about their experience. Real user feedback can give you valuable insight into what to expect.

5. Fees and Charges 

Before selling Bitcoin in Nigeria, it’s important to review the fees each platform charges. These may include transaction fees, deposit fees, and withdrawal charges. Always choose platforms with transparent pricing and a clear fee structure, so you can complete your transactions without any unexpected deductions.

Conclusion

All things considered, the most seamless and fastest platform to sell Bitcoin in Nigeria is Breet. Its growing popularity is largely due to its automatic BTC to Naira conversion and direct-to-bank transfers, with withdrawal payouts as fast as Sportybet and Opay transfers.

Breet eliminates the need for P2P merchants or unregulated vendors, giving users full control over their transactions with competitive exchange rates, zero stress, and instant withdrawals. It’s easy to see why more Nigerians are choosing Breet for their crypto-to-cash needs.