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Best App to Sell Cryptocurrency in Nigeria

The Prestmit app is the best in Nigeria to trade cryptocurrency and Sell gift cards in Nigeria

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Best App to Sell Cryptocurrency in NigeriaNigeria is one of the world’s top nations with the largest crypto market. Cryptocurrency is booming in Africa, with Nigerians leading the race among crypto users on the continent.

According to Statista data, Nigeria is listed at the top of countries using crypto the most despite the CBN’s restriction. 32% of the over 170 million population deals with crypto, which makes it number one in Africa.

If you are going to be involved in crypto trading, you need to get the best place to do so. There are several cryptocurrency trading platforms in Africa today. Knowing the best cryptocurrency to trade and invest in is vital. Hence, it is for where you exchange your crypto asset(s).

There are several apps by trading platforms to buy & sell cryptocurrency in Nigeria. In this post, we’ll see the best App to trade cryptocurrency in this part of the world and why you need to start using the App.

The Best App to Sell Cryptocurrency in Nigeria

Prestmit is a digital exchange platform that has gained the trust of users who come to it daily for their digital exchange. The company’s presence in Nigeria and Ghana makes it one of Africa’s leading digital exchange platforms. The Prestmit app is the best in Nigeria to trade cryptocurrency and Sell gift cards in Nigeria.

Prestmit is available on the web and has a mobile app. The Prestmit mobile app has a beginner-friendly interface and other factors that make it the go-to exchange for crypto & gift card traders in Nigeria and beyond.

Prestmit offers mouth-watering rates for cryptocurrency trades. Users on the platform can sell crypto assets such as; Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), and USDT. 

What You Need to Sell Cryptocurrency in Nigeria using Prestmit App

  • Download Prestmit App

The Prestmit app is available for download on Google Play and the App store. With all the delicious offers on the Prestmit App, it’s only right for one to want to download it. Once you have successfully downloaded the App, you’re on the journey to an excellent trading experience on the platform.

  • Create an Account

With this, you can trade your crypto assets or gift cards. Once you download, you can easily register by the following steps on the App. You’ll need to provide some of your details while using the platform.

  • Prestmit Naira Wallet

Once you create a Prestmit account, instantly, you’ll get an operational naira wallet that solely belongs to you.

When you sell on Prestmit, the payment goes to the naira wallet and is available for withdrawal at any time. You can transfer from your Naira wallet Balance to any local bank of your choice.

Top 4 Crypto Assets You Can Sell on Prestmit

  • Bitcoin (BTC)

Bitcoin is the largest and biggest crypto today and is available on several crypto exchanges and trading platforms worldwide. As you can trade BTC on several platforms, selling in a place where you can make more profit (low transaction fee, sweet market rates) is vital. Prestmit is one of the top marketplaces in Nigeria and the best site to sell bitcoin in Nigeria. You can therefore sell your BTC here at sumptuous market rates.

  • Litecoin (LTC)

Litecoin (LTC) is also known as Bitcoin’s silver. It is one of the oldest cryptocurrencies, launched in 2011. It is a cheaper and good alternative to the number of crypto assets, BTC. You can exchange your Litecoins easily on Prestmit at unbeatable rates.

  • Dogecoin (DOGE)

DOGE is number one on the list of meme coins. The dog-themed Coin, created as a parody, has become one of the largest and most popular crypto assets. You can trade this crypto asset on this platform any time of the day.

  • Tether (USDT)

The number one stablecoin, USDT, is available on many exchanges worldwide. If you are in Nigeria or Ghana, the best place to trade this cryptocurrency is Prestmit. The company meets the fundamental requirement to have a superb trading experience.

Why Choose Prestmit App for Crypto Trading

  • It is Always Available

You can have access to gift cards 24/7 on Prestmit. It is available at any time you want to trade.

  • Built with Love

The Prestmit App was designed with end users in mind. The aim is to profit and ensure every user has a fantastic platform experience.

  • Use Multiple Payment Options

You can make payments on this platform using fiat currencies and digital currencies. Nigerian Naira, Ghanaian Cedis, and Tether (USDT) are payment options on Prestmit.

  • Instant Payment

Prestmit offers instant payment on trade for its users/customers on this platform; this is one of the several reasons many people use it.

Users count Prestmit as one of the best digital exchange platforms for its transaction speed. The payment facility is one of the best out there, and you get your payment in the same minute (instant).

  • Fast Transaction

You can quickly get your transactions done on this site (web/app). The options available for payment and the App make your transactions quick.

On average general trade trends, transactions only take minutes, and payments are instant once requested.

  • Easy To Use

Prestmit is as easy as writing your name and email address. The platform offers an intuitive, beginner-friendly interface and 24/7 customer support for your trade. You can register your digital wallets in a minute on the platform.

Conclusion

The Prestmit app is the best option for crypto traders who need to sell top crypto assets such as Bitcoin, Litecoin, Dogecoin, and USDT. The company meets the absolute requirement that you will need to have excellent trading experience.

 

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Cryptocurrency

Nigeria Leads Africa in Crypto Adoption as Investors Anticipate Market Rebound

Nigeria overtakes Kenya to claim the first position as the leading country with crypto adoption rate in Africa

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Nigeria overtakes Kenya to claim the first position as the leading country with crypto adoption rate in Africa. 

Investors King learnt that Nigeria leads other African countries in cryptocurrency adoption so far in 2021. Nigeria which is also Africa’s largest economy ranked 11th in the world position. 

Other African countries on the world list include Morocco which came 2nd in Africa and 14th in the world.

Kenya which led the African continent in 2021 was ranked 3rd in Africa and 19th on the global list. 

The ranking which was conducted by Merchant Machine used five different indexes which include; On-chain cryptocurrency value received at centralized exchanges, On-chain retail value received at centralized exchanges, Peer-to-peer (P2P) exchange trade volume, On-chain cryptocurrency value received from Defi protocols, and On-chain retail value received from Defi protocols. 

The report further stated that despite the ban on cryptocurrency-related transactions by the Central Bank of Nigeria (CBN), about 33.4 million Nigerians still traded or hold crypto assets. 

Millions of Nigerian youth have taken to cryptocurrency in recent years either as a way to attain financial freedom or to hedge against the downward pressure on the naira.

Google trend ranked Nigeria as the country with the highest number of bitcoin searches in the world. 

The challenging economy and the high rate of unemployment which the National Bureau of Statistics (NBS) has put at 33.3 percent have made many Nigerians take to cryptocurrency as an alternative way of revenue not minding the volatility risk. 

Besides, some Nigerians have found employment opportunities in the cryptocurrency industry either as cryptocurrency content writers, blockchain developers, cryptocurrency influencers or NFT creators.   

Meanwhile, many cryptocurrency investors believed that bitcoin and a host of other digital assets are trading at discounts.

Although bitcoin is trading below 20,000 dollars at the time of this report, many cryptocurrency investors, however, believed that the market will soon rebound. 

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Blockchain

Blockchain: Lekki Free Trade Zone Partners Gluwa to Create Virtual Free Zone

Lekki Free Free Zone Development Company (LFZ) is collaborating with a California-based blockchain company, Gluwa to create a virtual free zone within the Lekki corridor. 

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Lekki Free Free Zone Development Company (LFZ) is collaborating with a California-based blockchain company, Gluwa to create a virtual free zone within the Lekki corridor. 

Both companies are looking for ways to explore blockchain technology for the use of trade collaboration, growth and sustainability among companies that operate within the Lekki Free Trade Zone.

LFZ head of innovation and special projects, Mr Tomiwa Idowu disclosed that the initiative will be a tripartite project between LFZ, Gluwa and the Nigeria Exporting Zone Processing Zones Authority. 

Tomiwa Idowu said that the partnership, when finalised, will create a dashboard for the tokenization of goods into non-fungible tokens (NFTs) and provide digital asset-backed loans for new and existing enterprises that are looking to fund operations and/or expand their businesses. He stated that the project will be similar to the integration of Opeansea and Compound. 

Non-fungible tokens often abbreviated as NFTs are unique digital assets which can be bought, sold or borrowed. 

Idowu further stated that he is overwhelmed with the partnership and looks forward to the possibilities and prospects it will bring to Lagos State. 

He went further to commend the Lagos State Governor, Babajide Sanwo-Olu as a beacon of progress and hope not only for Lagos State but the nation in general. 

“Our Governor has always been a firm believer in fast-paced development, which involves using technology to leap-frog bureaucracy and going straight to solving immediate problems”. He said.

Gluwa Chief Executive Officer (CEO), Tae Oh disclosed that he anticipates the partnership with the Lekki Free Trade Zone which is the most developed free zone in Nigeria. He noted that its proximity to Dangote Refinery and the Lekki Deep Sea makes the zone ideal for partnership. 

Incorporated in 2014, Gluwa is an open-source platform powered by blockchain technology to connect global capital to emerging market investment opportunities. Gluwa launched its stable coin in 2016 and has acquired more than one million borrowers. 

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Cryptocurrency

Cryptocurrency Exchange Platform Luno, Adds Two Digital Currencies Solana And Cardano To Its Portfolio

Luno adds two new digital currencies Solana (SOL) and Cardano (ADA) to its portfolio

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Luno, a digital currency exchange facility that offers clients a technology platform to store and trade cryptocurrencies, has expanded its crypto offerings by adding two new digital currencies Solana (SOL) and Cardano (ADA) to its portfolio.

The company disclosed that following these new additions, users can now trade Cardano (ADA) on the Luno app and website, alongside its existing cryptocurrency offerings.

It further disclosed that Solana (SOL) will be made available on the platform from next month October to enable users trade the digital asset.

Cardano (ADA) is reportedly one of the biggest cryptocurrencies by market cap, which has been described as the third-generation blockchain following Bitcoin and Ethereum which are known as the first and second generation blockchain.

Also, Solana (SOL) has been described as one of the best-performing digital currencies in recent years, known to have one of the fastest blockchain in the world and the fastest growing ecosystem in crypto.

Speaking on the company’s latest addition of the two new digital assets to its platform, General Manager for Africa at Luno Marius Reitz said, “As big advocates of building for the long term, we believe it’s important to give customers access to newer crypto applications that have a promising future.

“Now, not only do customers have access to ADA and SOL, but they also have the peace of mind that comes with the rigorous security that customers rely on from Luno.

“In a world that can look complex, we want to break down the complications around cryptocurrencies to make it easy for people to buy, send, store, and learn about.

“Customers don’t need to make one large investment to get started but can build and grow their investment over time through smaller amounts – similar to how they make contributions to their pension for example.”

Reitz concluded by saying, while the two added digital assets Cardano and Solana meet Luno standards for safety, however, being listed on the platform is not an endorsement of its future potential as an investment, noting the fact that investors are always advised to conduct their research.

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