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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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Prestmit

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, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Cryptocurrency

U.S. Prosecutors Hit KuCoin and Founders with Money Laundering Charges

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Kucoin

KuCoin, a major crypto exchange, along with its founders Chun Gan and Ke Tang have been charged by U.S. federal prosecutors with violating anti-money laundering (AML) laws.

The charges allege that KuCoin operated as a money transmitting business in the U.S. without proper registration or implementation of AML measures.

Investors King gathered that the indictment disclosed that KuCoin’s actions facilitated the laundering of proceeds from various illicit activities, including sanctions violations and fraud schemes.

Despite its substantial user base, KuCoin purportedly failed to adopt adequate AML and know-your-customer (KYC) protocols until 2023, rendering it vulnerable to exploitation by criminals.

The prosecution’s move underscores the growing regulatory scrutiny faced by cryptocurrency platforms worldwide, as authorities strive to address the sector’s susceptibility to financial crime.

Also, the Commodity Futures Trading Commission (CFTC) filed a separate suit against KuCoin, alleging failure to register as a futures commission merchant and non-compliance with KYC regulations.

Darren McCormack, Special Agent in Charge at Homeland Security Investigations, described KuCoin as “an alleged multibillion-dollar criminal conspiracy,” emphasizing its pivotal role in the crypto market.

Meanwhile, U.S. Attorney Damien Williams condemned KuCoin’s purported attempts to conceal its U.S. user base and its use as a hub for money laundering.

As legal proceedings unfold, KuCoin’s native token (KCS) experienced a 5% decline, signaling investor concerns.

However, Bitcoin (BTC) remained volatile, hovering around $70,000 amidst market turbulence.

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Key Events in the Ethereum Ecosystem that Can Influence the Market

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Ethereum - Investors King

Following Bitcoin’s new all-time high, the crypto community has been buzzing with theories and predictions not only about the top cryptocurrency but about other coins as well.

Ethereum, the second largest cryptocurrency (by market cap) has also been a talking point and headline. 

Ethereum news over the past few days as been awash topics such as the potential effect of Bitcoin’s new ATH on Ethereum, the upcoming Dencun upgrade and long-term price predictions. We have rounded up the top stories in Ethereum news over the past few days for you. 

Dencun – Ethereum’s Solution to High Gas Fees?

The Dencun update is set to be Ethreum’s largest since The Merge in September 2022 and Shapella in April 2023. The upgrades respectively facilitated the move from a proof-of-work (PoW) consensus to proof-of-stake (PoS) and made withdrawals of staked Ether possible. It is expected to go live on March 13 at around 13:55 UTC. Here is what we know about the updrage so far. 

First of all “Dencun” is a merging of “Deneb” and “Cancun”, two network updates that collectively account for nine Ethereum Improvement Proposals (EIPs). It will activate EIP-4844, also called proto-danksharding, which is expected to improve the Ethereum blockchain’s capacity to handle data from layer-2 (L2) networks. 

The upgrade will result in significantly cheaper fees for L2 rollups and it is expected that the majority of Ethereum’s onchain activity will migrate to L2s. This aligns with Ethereum’s target of being able to process millions of transactions per second. 

Analyst Max Wadington writes in a research report by Fidelity Digital Assets: “Ethereum’s improvement as a database unveils the opportunity for near-zero transaction fees for users of layer 2’s.”

Wadington adds that users of the base Ethereum network may not benefit as much from the software update as Layer 2 users.

“In the short term, users who wish to benefit from this fee change must sacrifice some decentralization and security by transacting on layer 2’s instead of Ethereum,” he said. 

The Dencun upgrade has been in the works for several years, with Ethereum co-founder Vitalik Buterin hinting at it as far back as 2019. It was slated to take place late last year but could not proceed due to engineering concerns by developers.The update has so far been tested on three separate test networks and performed generally well.

Members of the Ethereum community are looking forward to the event and are joining livestreams counting down to the upgrade. 

“We are making sure all our client and bootnodes are fully updated, and ready for fork,” said Barnabas Busa, a DevOps engineer at the Ethereum Foundation. “Our monitoring infrastructure is scaled up to -ensure we don’t miss anything important. 

(Ethereum core developer Tim Beiko’s post on X:

Ethereum Price Predictions

As of March 13, Ethereum was currently trading at $4,040 up about 7% over a week. It is expected to rise higher with the increased anticipation for Ethereum ETFs and the Dencun upgrade. 

According to this Forbes report, Ethereum could rise to $4,500 by the end of the month. Another report puts the coin’s price at $5,000 by the end of the year. CoinDCX predicts that 2024 a strong end to the year price-wise could serve as a stepping stone for the asset’s upward movement. 

In addition, going by historical market data,  a Bitcoin bull run could spell price surges for Ethereum as well. In 2021 for example, when Bitcoin gained 66%, Ethereum performed far better, gaining almost 400%. With the ongoing interest in spot Bitcoin ETFs and the upcoming Bitcoin halving – both of which could translate into green candles for Bitcoin – Ethereum could continue rising. 

While experts agree that the asset is unlikely to surpass Bitcoin’s price long-term, it has the potential to rival the top cryptocurrency’s market capitalization largely owing to its uncapped supply. 

 

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Binance Executive Escapes Custody in Nigeria Amid Legal Battle

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Nadeem Anjarwalla

Nadeem Anjarwalla, a prominent executive of cryptocurrency exchange Binance, has managed to escape custody in Nigeria, where he was detained amidst allegations of tax evasion and other offenses.

Anjarwalla, 38, reportedly fled from a guest house in Abuja on Friday, 22 March, where he and his colleague were being held.

According to sources familiar with the matter, the escape occurred when guards on duty escorted him to a nearby mosque for prayers as part of the ongoing Ramadan fast.

Anjarwalla, who holds both British and Kenyan citizenship, is believed to have departed from Abuja using a Middle Eastern airliner, despite his British passport remaining in the custody of Nigerian authorities.

The exact manner in which he managed to board an international flight is still unclear, raising questions about security protocols and potential lapses in immigration procedures.

Authorities are now scrambling to ascertain Anjarwalla’s intended destination and initiate efforts to apprehend him and bring him back into custody.

It has been revealed that Anjarwalla fled using a Kenyan passport, although the circumstances under which he obtained it remain under investigation.

Sources close to the matter disclosed that Anjarwalla and his colleague were held in a “comfortable guest house” and were granted various privileges, including the use of telephones.

It is believed that Anjarwalla exploited these privileges to orchestrate his escape.

The escape comes amidst a legal battle between Binance executives and Nigerian authorities. Anjarwalla and Tigran Gambaryan, another executive, were detained upon their arrival in Nigeria on 26 February 2024, and a criminal charge was filed against them before a Magistrate Court in Abuja.

The court granted the Economic and Financial Crimes Commission (EFCC) an order to remand the duo for 14 days, later extended for an additional 14 days.

Furthermore, the Nigerian government has slapped multiple charges against Binance Holdings Limited, Anjarwalla, and Gambaryan, accusing them of tax evasion and failure to comply with regulatory requirements.

The detention and legal proceedings against Binance officials come in the wake of the exchange platform’s settlement of criminal money laundering charges in the United States, further complicating the ongoing saga surrounding the cryptocurrency giant.

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