Ethereum is a big player in the Nigerian crypto market, and rightfully so. With a market cap only surpassed by Bitcoin, it’s a no-brainer that most crypto enthusiasts have this coin in their portfolio.
But it doesn’t end there—after profitably trading Ethereum, there’s the million-dollar question: How do they seamlessly convert it to Naira? Given the complicated crypto market, this question is valid.
This guide is the answer to this question as it explores the smoothest method for Nigerian (and Ghanaian) crypto traders to sell their ETH for cash.
Why OTC is the Best Choice To Convert Ethereum to Cash
Traditional exchanges and P2P trading have loads of shortcomings, including, complex trading, risk of fraudulent traders, and so much more. This puts over-the-counter methods at an advantage, especially for traders who value straightforward, clear, and profitable means to sell their Ethereum for Naira (and Cedis). To support this point, here are the reasons:
- Simplicity:OTC platforms favor the simpler way of doing crypto trading over the more complicated means of traditional exchanges or the informal and risky means of P2P trading.
- Security:Most OTC trading platforms are built on state-of-the-art security frameworks which offer way better customer protection than P2P trading.
- Competitive Rates:OTC platforms follow the market trends and offer fees according to the performance of the market. So, you’re bound to find fees that are favorable to you and get premium value for your ETH profits.
Introducing Breet: Your One-Stop Shop for Selling ETH for Naira
Breet stands out as the leading OTC platform for Nigerian crypto traders. Here’s what makes Breet the perfect choice:
- Effortless Selling:In a few clicks you can effortlessly sell your ETH for cash with a few clicks. Following a near-automated process, say goodbye to complex processes with Bret doing all the heavy lifting behind the scenes.
- Enhanced Security:Confidently sell your ETH, knowing that you have foolproof security to keep out unauthorized access with methods like two-factor authentication, biometrics, and transaction PINs.
- Fast and Direct: Breet is laser-focused on crypto-to-cash and crypto-to-crypto transactions. As a result, it is a non-custodial exchange, meaning that it doesn’t store your funds. This results in extremely fast transactions and direct deposits in your bank account.
Selling ETH on Breet: A Step-by-Step Guide
Getting started with Breet is easy! Here’s how to sell your ETH in a few simple steps:
- Download the App:Breet is available on Google Play Store, iOS App Store, and a web app to directly register.
- Sign Up and Verify:Follow the simple prompts to register and get started. Then, verify your account through KYC by submitting the required information.
- Sell Your ETH:Navigate to “Crypto-to-Cash” and select “Ethereum.” You’ll be presented with your unique wallet address, which was generated at sign-up. Copy it or scan the QR code to send your ETH.
- Relax and Wait:Breet automatically detects the incoming ETH and displays the conversion amount in NGN. Sit back and let Breet handle the rest.
- Receive Your Funds:Once the transaction is confirmed, your NGN balance will be updated. Withdraw your funds directly to your bank account.
Bonus Tip: Next time, for a more seamless experience, enable “Automatic Settlement” and have your funds automatically deposited into your bank account.
Conclusion
Selling your ETH for Naira doesn’t have to be a hassle. With Breet, Nigerian crypto traders can enjoy a smooth, secure, and profitable experience when converting their ETH to NGN. So ditch the complexities and embrace the ease of Breet!
