Sell your Bitcoin in Nigeria and Ghana; Cryptocurrencies have indeed embarked on a tumultuous journey since their inception. Early investors witnessed substantial gains, while those who entered the market at its peak in late 2021 likely experienced significant losses. The crypto market’s volatility has been a defining characteristic, offering both opportunities and challenges for investors. But we are not here to talk about the fortune and misfortune of crypto enthusiasts in this post, we are here to discuss how you can sell your Bitcoin in Nigeria and Ghana.
Before talking about the ”how” it is important to discuss the “where”. Where to sell your BTC in Ghana and Nigeria is an essential factor in determining the success and satisfaction you will derive while selling your Bitcoin.
Where to sell your Bitcoin in Ghana and Nigeria
It is important to choose a good platform to exchange your Bitcoin for cash, this will ensure you get the maximum return possible on the transaction and enjoy an above-par exchange service.
There are various actors in the cryptocurrency market in Nigeria and Ghana, both good and bad, so you have to be very careful when choosing an exchange platform to settle for especially when you don’t want to use global platforms like Binance, Coinbase and others.
Cardvest: The Ideal Location For Selling Your BTC
Cardvest is a hybrid exchange platform between a P2P and an over-the-counter exchange system. With Cardvest, you are selling to a credible source (Dart Africa) at the prevailing market rate, sometimes better. Cardvest is the leading local exchange platform that operates in Nigeria and Ghana, they are known for its amazing exchange rate and fast payment time.
There are no withdrawal fees, no third-party fees, and no hidden charges on the platform. In Nigeria and Ghana, selling bitcoin on Cardvest is easy and completely free. They also claim to offer the best rate in the crypto exchange platform, you check the value of your Bitcoin and other cryptocurrencies using the coin calculator feature on their website.
There is customer service that is always available to attend to you 24/7 in case you have any difficulties selling your Bitcoin on Cardvest.
Their platform has proved to be a reliable one due to the type of standard they have stuck to while offering their service and their reviews online have been good.
Ensure you carry out your due diligence before embarking on a cryptocurrency exchange journey with them, just like you should with any platform.
How to sell your BTC On Cardvest
– The first thing to do is create an account if you are new to the platform. Just like you would on any other platform. On your first login, create your transaction PIN to add an extra layer of security to your account.
– Navigate to the “trade crypto” section on your account dashboard and click on it. On the next interface, choose “BTC” as the preferred coin you want to sell, input the dollar amount and the naira and cedis value will be displayed.
– Click on “ Sell Coins” and a wallet will be provided to send the BTC to, you can choose to copy the wallet address or scan the QR code. Note: the minimum dollar price of BTC or any cryptocurrency you can sell is $20.
– Note that you will be credited based on the amount you sent to the provided wallet and not the amount you inputted in the calculator field.
The steps are applicable to Cardvest’s mobile app and website.
Cryptocurrency Insight: Important Cryptocurrencies Other Than Bitcoin
- Ethereum (ETH): Known for its smart contract functionality, Ethereum enables decentralised applications (DApps) and decentralised finance (DeFi) projects.
- Ripple (XRP): Designed for facilitating fast and low-cost cross-border transactions, Ripple has partnerships with financial institutions.
- Tether USDT: It was among the earliest and most widely embraced stablecoins, which are alternative cryptocurrencies striving to link their market value to a specific currency in order to reduce price fluctuation.
- Litecoin (LTC): Often considered the silver to Bitcoin’s gold, Litecoin offers faster transaction confirmations.
- Bitcoin Cash (BCH): A fork of Bitcoin, Bitcoin Cash focuses on scalability and faster transactions.
- Cardano (ADA): Cardano aims to provide a secure and scalable platform for smart contracts and DApps.
- Polkadot (DOT): Polkadot is building a multi-chain ecosystem to facilitate interoperability between different blockchains.
- Chainlink (LINK): Chainlink provides decentralised Oracle solutions, enabling smart contracts to interact with real-world data.
- Solana (SOL): Solana is a high-performance blockchain known for its fast transaction speeds and low fees.
