Selling bitcoin in Nigeria is easy, but not if you sell it the wrong way. You could wait days or weeks before someone takes your request seriously and agrees to meet you in person to complete the transaction, or you can use an online selling platform that makes bitcoin selling quick and easy. We’ll tell you how to sell bitcoin in Nigeria, the fastest way possible, so that your currency exchange experience goes as smoothly as possible.
How long does it take?
Selling bitcoin is the quickest way to get cash for your bitcoin. You can sell your bitcoin with a person, service, or exchange. Exchanges are easy and convenient, but you’ll have less control over what price you’re selling at. Selling with a person will allow you to set the price and meet the buyer in person. Services like qxchange let you use their platform and escrow services, so that you can sell bitcoin through an online checkout process and get cash deposited into your bank account.
How secure is QXCHANGE?
When you want a fast and secure way to sell your bitcoin in Nigeria, QXCHANGE is the way to go. We offer several different methods of payment including bank transfer, local transfers, and mobile money. No matter what your preference is, we have got it covered. As an added security measure, we only use two-factor authentication on our accounts so no one can get into them without the right credentials.
What if my account gets hacked?
To sell bitcoin, you need an account to store your bitcoins, a bitcoin wallet and some bitcoin. If your account gets hacked, then the person can sell the coins and cash out. We recommend creating two-factor authentication which will help protect your account from getting hacked as well as provide other security measures for accounts that are created. Some people use a bank or third party to store their bitcoins because they don’t trust the exchange platform that they’re using.
How do I cash out my funds?
Qxchange is the fastest way to sell bitcoin in Nigeria. You can make a withdrawal request any time and it will be processed within one working day. Simply head over to your account and find the Withdraw Funds button on the left sidebar of your dashboard. Enter the amount you would like to withdraw and click submit. Your funds will show up on your bank statement within one working day. If you have any questions about the process, please don’t hesitate to contact our support team!
If I want to convert my Bitcoins back into cash, what should I do?: The process of converting your bitcoins back into cash with qxchange is simple. Simply log into your account, navigate to My Transactions tab and select Convert BTC into Cash. On this page enter how many bitcoins you would like to convert and how much money (USD or NGN) that equals.
Is there a fee for using QXCHANGE?
QXCHANGE offers traders an efficient way to sell bitcoin with no fee or commission. All you need is a local Nigerian bank account and your mobile number, which can be used for authentication. This makes it easier than ever before for Nigerians to buy and sell bitcoin on our platform. Traders looking to buy bitcoin will deposit the money into their QXCHANGE account then purchase bitcoin using their local currency. They’ll then withdraw the money from the platform into their bank account at any time of their choosing.
Others may want to take some profits off the table, to invest in stocks or other assets. As with any financial decision, it’s important to think about your goals and risks before selling bitcoin.