There is always a need for liquidity of crypto assets, and what is better than a crypto trading platform that can offer that to you in the most seamless way possible?
To learn more about how to convert Bitcoin to Naira and the best platform to do so, keep reading.


What Is Bitcoin?
Bitcoin is a decentralised digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain.
Launched in 2009, Bitcoin was the first-ever cryptocurrency and has paved the way for over twelve thousand crypto coins to be created. As the largest crypto in the world by market capitalisation (323.59 Bn), Bitcoin is also the most popular and widely traded digital currency.


The Adoption Of Cryptocurrency in Nigeria
The use of cryptocurrency to store and transfer assets has become prevalent among Nigerians.
Despite the restriction of cryptocurrency transactions by the Central Bank of Nigeria in February 2021, a large percentage of Nigerians have adopted digital currencies, primarily because of the economic uncertainties in the country.
Over the past couple of years, the Naira has declined in value. In the past nine years, it has depreciated 209 per cent, and inflation has increased 19 per cent. This has affected many people and businesses in Nigeria, so they have turned to digital currencies.
Due to the increase in interest and adoption of crypto among Nigerians, crypto exchanges have emerged to suit their interests to make crypto trading as seamless as possible. One of the crypto exchanges is Breet.


What Is Breet?
Breet is a cryptocurrency trading app where users can instantly convert their Bitcoin to Naira and withdraw it directly to their local bank account.
Using an over-the-counter trading method, Breet is perfect for a wide range of people, from crypto newbies to experts. By using Breet, you do not have to worry about the complexity of cryptocurrency because Breet takes care of all of that for you.
With an easy-to-navigate mobile app, best selling rates, good customer service and fast withdrawals, Breet is perfect for users who want quick cryptocurrency liquidity.
Breet is available in Nigeria and Ghana and can be downloaded on Google Play Store and Apple App Store.


How To Convert Bitcoin To Naira On Breet
Below is a step-by-step process to convert Bitcoin to Nigerian Naira on Breet.

1. Register/Login to your Breet account.
2. On the home dashboard, click on BITCOIN.
3. Next, you need to generate a Bitcoin wallet address if you haven’t already done this.
4. Send your wallet address to the sender. You can share your wallet address by having the sender scan the QR code, copy the wallet address to your clipboard or click on the share icon, and choose your other preferred options.
5. Rates are displayed on the Bitcoin wallet page, and there are different rates for the various ranges of Bitcoin in (USD) received in your wallet.
6. Following blockchain confirmation, the Naira equivalent of Bitcoin is instantly shown and added to your wallet balance.

After this, you can manually withdraw your funds to your local bank account. If your AUTOMATIC SETTLEMENT feature is turned on from settings, it will automatically be sent to your local bank after completing the transaction.


Conclusion
The significance of Bitcoin in today’s world cannot be overemphasised. The world has grown beyond the point of relying on only fiat currency for transactions and store of wealth. Bitcoin has continued to grow daily, and its number of uses has also increased; from purchasing goods and services to even fundraising, Bitcoin has continued to prove its worth in our daily lives.
Nigeria has become one of the leading countries in cryptocurrency, which has brought about the need for exchanges that can cater to the need of Nigerians, and that brought about Breet.
For further inquiries, you can reach out to a representative at support@breet.app or Call/Whatsapp at 08090569499.

Thanks for the info.