Litecoin (LTC) is one of the popular coins in the crypto market, so regardless of how much experience you have in the world of cryptocurrency, Litecoin is considered a viable digital asset to trade-in.
Often referred to as “the silver to Bitcoin’s gold,” selling Litecoin is one of the lucrative ways to leverage the prospects of the crypto market.
In Nigeria, one of the easiest ways to sell Litecoin is through a various crypto apps. So with a myriad of platforms spurring the crypto market, this article aims to give an overview of the best apps to sell Litecoin in Nigeria.
Why Sell Litecoin In Nigeria?
Before revealing the best app to sell Litecoin in Nigeria, there are several reasons people sell Litecoin in Nigeria. Such as:
- Cash Liquidity: Looking at Nigeria’s economy, everyone needs urgent cash for an investment or personal needs. Now, selling your Litecoin for cash can help solve that issue.
- Market Fluctuations: Considering the volatile nature of crypto, selling at the best rate will help to maximize profits.
- Local Transactions: You can convert your Litecoin to Naira to cover the bills for everyday purchases.
- Alternative Investment: You can reinvest in real estate, businesses, and other assets like stocks when you sell your Litecoin.
Top Features to Look for in a Litecoin Selling App
Don’t sell that Litecoin yet! Consider the following to make your experience seamless:
1. Competitive Exchange Rates
Choose a platform that offers favorable LTC to Naira exchange rates. This will allow you to maximize your returns. You can compare rates across multiple platforms to identify the best rates.
2. Low Fees
Another feature to look out for in a Litecoin selling app is to ensure they offer minimal or no fees for selling Litecoin. Avoid platforms that charge or impose high transaction fees. This can cause a significant reduction in your net proceeds.
3. Fast Payment Processing
Every trader wants to have timely access to funds. As a result, go for platforms with a good track record of swift payment processing. With this, you receive your Naira quickly after completing a transaction.
4. Multiple Payment Options
Flexibility is key when it comes to trading. Whether you want to use payment methods bank transfers, mobile money, or other option, the Litecoin platform you choose should be flexible enough to accept multiple payment options.
5. User-Friendly Interface
Nothing is as refreshing as opening an app, accessing a platform, and effortlessly carrying out transactions. So, ensure the platform is simple to make your transactions effortless.
6. Security And Trustworthiness
Security is key and should be one of the things you look out for when choosing a platform where you can sell your Litecoin. Two-factor authentication and advanced encryption add an extra security layer when carrying out your trade.
Best Apps To Sell Litecoin In Nigeria
1. Prestmit
When it comes to the best apps to sell Litecoin in Nigeria, Prestmit is the top choice. Nothing beats selling your LTC or other cryptocurrencies on a secure platform with the above guaranteed. On Prestmit, transaction limits are flexible and depend on your verification level. To access higher limits, you need to complete KYC (Know Your Customer) verification, which takes a few minutes.
Once verified, your payments will be processed quickly. Prestmit is super easy to use and navigate, thanks to its user-friendly interface. This ensures a seamless experience on the platform.
Some of the features on Prestmit are:
- Competitive Litecoin to Naira exchange rates.
- Super fast payments that arrive in minutes.
- Automated Litecoin rate calculator to know the exchange value of your LTC.
- Multiple payment options, including cash, gift cards, or crypto.
- Advanced security features such as 2FA and encryption.
- Customer support team on standby 24/7.
How to Sell Litecoin on Prestmit
Here are the quick steps to sell LTC:
- Download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click “Crypto” and choose “Sell Litecoin.”
- Generate Litecoin address by clicking “Generate LTC Wallet.”
- Follow the prompts to complete the trade.
- You will receive payment immediately after the transaction is confirmed.
2. Binance P2P
Binance P2P allows you to sell Litecoin directly to buyers. Binance has escrow protection and gives you direct access whether you are a buyer or a seller in trading. One of the things that makes Prestmit stand out is that you don’t need to have a buyer before you can sell your LTC.
On Binance, the exchange rate is flexible, as you can access rates from different buyers. There are no trading fees. However, your transactions may take a while if you wait for a buyer. A higher transaction limit allows for large transactions as long as you are a verified user.
You would need ID verification to unlock full access on Binance. Processing time is swift for P2P and suitable for beginners and experienced traders.
3. Remitano
Another platform where you can sell Litecoin is Remitano. Its user-friendly interface enables seamless trade of large amounts.
Here, the Transaction limit is high if you have a verified account. KYC verification is needed, and the processing time is instant for P2P transactions. Remitano is equipped with escrow protection for your transactions. However, compared to other platforms, it has a higher trading fee.
Frequently Asked Questions (FAQs) About Best App To Sell Litecoin In Nigeria
Is selling Litecoin legal in Nigeria?
Yes, selling Litecoin in Nigeria is legal. Platforms like Prestmit operate in the Nigerian crypto space legally.
What is the best app to sell Litecoin in Nigeria?
Prestmit is the best app to sell LTC in Nigeria. This is owed to the innovative features on the platform that make your trade fast, safe, and profitable.
What are the transaction fees for selling LTC?
The transaction fees for selling LTC vary. But if you are considering a platform with a low trading fee, then Prestmit is the place to be to trade your crypto
What payment methods are available for my Litecoin?
Most crypto trading platforms support bank transfers and crypto payments like USDT.
Can I sell Litecoin without identity verification?
Some platforms require KYC verification, especially when doing large transactions.
Conclusion
As the crypto space is expanding with fortunes being amassed from it, trading cryptocurrencies like Litecoin is one of the potential ways to cash in. However, there is a need to go for a credible exchange like Prestmit on which you can sell your Litecoin easily and fast.
