Over the years, known ways to sell Bitcoin in Nigeria have gotten more risky. This all started when the Central Bank of Nigeria and the Nigerian government lost their cool with crypto trading platforms like Binance owning to the claim that cryptocurrency is being used to fund terrorists and criminals in Nigeria through the mentioned crypto exchange platform.

The Nigerian government has since moved to ban the trading of all cryptocurrency and also called out Binance to get registered so its activities can be monitored. In lieu of this action, the Central Bank Of Nigeria gave orders that any Nigerian bank account suspected of receiving crypto-related funds should be banned.

This development made it hard for Nigerians to sell their Bitcoin for cash or even buy any cryptocurrency with their debit or credit cards.

After the ban, Binance introduced a new way of trading cryptocurrency on its platform which is called peer-to-peer trading. This method though it worked also created a lot of loopholes for crypto scammers to operate.

What is peer-to-peer crypto trading?

Imagine you want to buy something, like a bicycle, from someone else, but you don’t want to involve a bike shop or any middlemen. Instead, you find a way to directly meet the person selling the bike. You negotiate the price and exchange money for the bike without anyone else getting in the way. That’s a bit like how P2P trading works.

In P2P trading, people trade things (like cryptocurrencies or other goods) directly with each other, without using banks, brokers, or big companies. They usually use special websites or apps to find each other and make sure the trade is safe. It’s like cutting out the middleman to make deals with each other.

Platforms like Binance have a system built for this and it works in such a way that if person A wants naira for their Bitcoin, Binance will link person A with person B who wants Bitcoin. Person B will initiate a trade by transferring the actual naira value of the BTC needed to Person A’s bank account. Once person A confirms the credit, he or she notifies Binance and releases the equivalent Bitcoin to person B’s wallet.

Disadvantages of using P2P

From the explanation above, you can easily tell what is wrong with this style of trade, Traders can mistakenly transfer the wrong amount or get scammed by the other peer. Sometimes there could be a glitch on Binance itself. Sometimes you may not get the transfer in time.

In this P2P mess, brands like Dtunes, Cardvest, Prestmit and others introduced a new way of selling Bitcoin and other cryptocurrencies easily. This new method involves selling your crypto on their platform directly to them and getting paid once your Bitcoin transfer is confirmed.

With this method, you have someone to hold accountable if you get scammed. You can easily reach out to them via their social handles or even call them out.

Best app to sell Bitcoin in Nigeria fast

Of all the apps available to sell Bitcoin in Nigeria, Dtunes by features, speed, good customer support, and fast transaction process happens to be the best.

With Dtunes you can sell your Bitcoin for instant cash without having any fear of getting ripped. Dtunes offers one of the best rates for cryptocurrency trading in Nigeria. You can sell some selected cryptocurrencies on Dtunes which includes and is not limited to

• Bitcoin
• USDT TRC-20
• BNB
• Litecoin ( LTC )

How to sell Bitcoin on Dtunes in Nigeria

Follow the steps below to sell Bitcoin on Dtunes.

1. Step 1 – Download App: First head over to Dtunes.ng to download the app suitable for your mobile device be it Android or IOS. On their website, you can easily click the download link suitable for your device’s operating system
2. Step 2 – Create Account: Once you have the app suitable for your device downloaded, you’ll need to create an account. The account-creating process on Dtunes is very easy and fast.
3. Step 3 – Log into your account: After creating your account, you’ll need to log into the app to initiate a trade.
4. Step 4 – Set Pin & Bank Details: Once you log into your account, it is advisable to set your transaction pin and bank details against when you’ll make a withdrawal and also to make the withdrawal process secure. Immediately you log in, you should see prompts informing you to set your PIN, biometrics and bank details. If you mistakenly close any of these prompts, you can always access them again in the settings area.

Read also; Bitcoin hits a 3-month high; what should be expected with the anticipated ETF approval?

5. Step 5 – Initiate a trade: Once you’re set, go to the home screen, select trade crypto then click on Bitcoin. You’ll see another screen where you’ll need to input the amount of Bitcoin you want to sell to them. Once you do that, you’ll see the current market rate and the amount you’ll receive. Click next to generate the wallet address.

6. Step 6 – Make transfer: Copy the wallet address you generated and proceed to transfer the amount of crypto you want to sell. Once you make the transfer, your transaction will be processed and the equivalent amount in naira will be sent to your Dtunes wallet.
7. Step 7 – Withdraw: Once you receive confirmation that your transaction is successful and the fund added to your Dtunes wallet, you can then proceed to withdraw all the money or part of the money to your Nigerian bank account.

If you don’t want to withdraw the funds to your bank account, you can also use the funds to buy airtime, data, and electricity units on the app.

Why Dtunes is the best app to sell Bitcoin in Nigeria

You may be wondering why Dtunes is the top choice for selling Bitcoin in Nigeria, and here’s why:

1. Lightning-Fast Transactions: When it comes to selling Bitcoin, time is money. Dtunes understands this and offers lightning-fast transactions. You won’t have to wait for hours or even days to complete your sale. Within moments, your Bitcoin can be converted into Nigerian Naira, ensuring you get your money when you need it.
2. Best Rates in Town: Dtunes prides itself on offering the best exchange rates in Nigeria. You’ll get the most value for your Bitcoin compared to other platforms. This means more money in your pocket, and who doesn’t want that?
3. Security You Can Trust: Trust is crucial in the world of cryptocurrency trading. DTunes takes security seriously. They use advanced encryption and security protocols to protect your transactions and personal information. You can trade with peace of mind, knowing your assets are safe.
4. Bonuses and Cashback: Dtunes goes the extra mile to reward its users. With regular bonuses and cashback offers, you’ll earn extra value on top of your Bitcoin sales. It’s like getting a bonus for doing what you already planned to do.
5. Climb the Leaderboard and Win: Dtunes offers a unique feature—a leaderboard where you can compete to become the highest trading customer. Not only does this add excitement to your trading experience, but it also gives you a chance to win cash prizes. Imagine making money while trading Bitcoin!
6. Always There for You: Dtunes provides 24/7 customer support. Whether you’re a night owl or an early bird, you’ll never be left in the dark. Do you have questions, concerns, or issues? Their friendly and knowledgeable support team is just a message or call away.

In summary, DTunes stands out as the best app for selling Bitcoin in Nigeria because of its lightning-fast transactions, unbeatable rates, top-notch security, bonus rewards, exciting leaderboard competitions, and round-the-clock customer support. When it comes to selling Bitcoin, DTunes has got you covered, ensuring you get the best deal with a side of extra perks and peace of mind.

Make money online with a Dtunes referral

1. Sign Up: The first step is to download the Dtunes app and create an account

2. Set bank details & Pin: Once you’re registered, log into your account. On the home screen of the app, you’ll receive two pop-ups to fill in your bank details. If you mistakenly close the pop-ups, you can go to settings to set it up.

3. Get referral code: Just as described in the illustration above, go to settings, refer & earn to generate your referral code. 

3. Promote Dtunes: Now that you have your referral code, all you need to do is get users who’ll sign up with your referral code on the Dtunes app. Your main job as an affiliate is to promote Dtunes’ services. You can do this through various means:

• Social Media: Share your affiliate links and promotional content on your social media platforms, like Facebook, Twitter, Instagram, and LinkedIn.
• Website or Blog: If you have a blog or website, create informative content related to cryptocurrency trading or financial services and embed your affiliate links within the content.
• Email Marketing: Send out newsletters or emails to your subscribers with information about Dtunes and your affiliate links.
• Word of Mouth: Tell your friends, family, and acquaintances about Dtunes and encourage them to use your referral link.

6. Cash in Your Commissions: As your referrals sign up and use Dtunes’ services, you’ll earn commissions. Make sure to follow Dtunes’ payout policies and cash out your earnings as they accumulate.

8. Stay Informed: Cryptocurrency markets can change quickly. Stay informed about Dtunes’ services and any updates to their affiliate program to maximize your earnings.

Remember that affiliate marketing takes time and effort to yield significant results. Be patient and persistent, continually refining your strategies to attract more referrals and earn a steady income through the Dtunes affiliate program.