In Nigeria, there’s a large community of crypto enthusiasts. However, there are some difficulties in navigating the market – like crypto-to-cash exchanges – or in this case, withdrawing Bitcoin to your bank account in Nigeria.
This challenge has made many Nigerians vulnerable to fraudulent transactions or getting short-changed when converting to Naira.
As the majority deal with these issues, a solution that targets it must be provided. This is why the Breet app was designed as a one-stop platform focused on seamless crypto-to-cash transactions.
In this post, we’ll discuss the smoothest way to withdraw Bitcoin to your local bank account —the Breet app.
Breet App: The Best Way To Directly Withdraw Bitcoin To Your Bank Account In Nigeria
Breet is a crypto exchange platform that offers Bitcoin withdrawals directly to Nigerian bank accounts. The Breet app is built for Nigerians (and Ghanaians) and is optimised for ease, speed, and convenience.
The Breet app is a highly secure exchange platform with state-of-the-art security protocols. There are also various security features such as biometrics, two-factor authentication, and a transaction pin. All of these work to keep unauthorised users out of your app.
In addition, Breet’s interface is intuitive, user-friendly, and straightforward. This allows you to quickly and smoothly navigate the app with no issues.
The Breet app offers the most competitive exchange rate in the market, giving you the best cash equivalent for your Bitcoin. It’s also a great way to beat inflation without losing funds as you swiftly move from digital currency to Naira.
Trading with Breet means you’d never need to worry about being stranded. You can get your cash straight into your bank account in minutes. Transactions are that fast!
Getting onboard the Breet app is super simple —you even get an automatic Bitcoin wallet address generated upon sign-up. Want to see how it’s done? We’re talking about that next.
Setting Up A Bitcoin Wallet On Breet
First step: Download the Breet App (available on App Store or Playstore, or use the web version).
Second step: Register with your details
Third step: Verify your email address
Final step: You’re all set!
You get your Bitcoin wallet address automatically generated upon sign-up. Your address is permanent, so you can copy and use it when you want to make a withdrawal.
Your wallet address is generated in two formats:
- The QR code, which you can easily scan.
- Your wallet address which you can copy or share.
Withdrawing Bitcoin To Your Bank Account in Nigeria
With your Bitcoin wallet address, you receive BTC instantly, which reflects in your wallet in Naira.
Note: you can see the real-time Bitcoin exchange rate on the wallet’s dashboard.
Your Naira is immediately available for withdrawal after the blockchain confirmation time. You don’t have to do anything until the confirmation number is reached. After that, your balance is directly deposited into your bank account.
To hasten this, toggle on the Automatic Settlement feature and have your crypto converted to Naira as soon as it hits your wallet.
This is all you need to go from Bitcoin to Naira; it’s super easy!
Security And Risk Management Measures When Selling Bitcoin
- Use strong passwords and enable two-factor authentication: Create complicated passwords that cannot be easily guessed. It’s best not to use personal information such as date of birth, name, phone number, or a loved one’s information. Your two-factor authentication also provides an extra layer of security — so activate that too.
- Avoid public networks (e.g. WiFi): Don’t conduct any Bitcoin transactions on an open network, as it makes your device vulnerable to attacks. Your wallet details are sensitive, so keep them as safe as possible.
- Stay educated: The Bitcoin market is fast-paced, so keep yourself updated on the best practices and market trends to protect yourself.
Conclusion
Fellow Nigerian Bitcoin enthusiasts, this is all you need to know for a quick and easy Bitcoin-to-Naira exchange. With the Breet app, you can say hello to secure and reliable trading while keeping all the profits for yourself. Now that you’re aware, hurry and make your first Bitcoin-to-Naira trade. You’ll be glad you did!
