Ethereum is one of the top crypto assets in the market, which people continue to trade to leverage the prospect of crypto trading as one of the best ways to make money online in Nigeria. As trading this cryptocurrency continues to attract traders and investors, it is essential to know the Top apps to sell Ethereum for naira in Nigeria.
While Ethereum is popularly a crypto asset, it is popularly termed a supercomputer with global control. This is because the core innovation of Ethereum is its ability to execute smart contracts on its blockchain – making it a favourite of developers and investors.
In addition, Ethereum remains the most popular network for decentralized finance (DeFi) projects, decentralized apps (dApps), and even non-fungible tokens (NFTs)—all these aggregating to increase the demand for Ethereum.
Similar to the basics of economics, the higher the demand, the higher the price. The broad use of Ethereum is pivotal to its cost as it currently trades at over $2,000 with a market cap of over $242 billion, making it the second most expensive cryptocurrency after Bitcoin.
In light of the potential of Ethereum, Nigerians continue to explore ways to trade the asset for maximum gains. But as there is a proliferation of crypto trading platforms in the country, here are the top apps to sell Ethereum for naira in Nigeria.
1. Prestmit App
Prestmit is an over-the-counter (OTC) trading platform where you can trade digital assets like cryptocurrency and gift cards. As such, you can sell Ethereum, Bitcoin, USDT, Binance Coin, Litecoin, and Dogecoin on this trading app, which is available on the Google Play Store and Apple Store with high ratings.
This platform provides innovative features to make your trading experience seamless. Some of these are a user-friendly interface that is easy to navigate, an advanced security system to protect your transactions, and scalability to process large amounts of Ethereum transactions.
In addition, trading fees on the Prestmit app are relatively low, giving you the best rates to sell your Ethereum for naira on the platform. You can also create an Ethereum wallet on this app to have a one-stop platform that provides you with all your trading needs.
2. Coinbase App
Coinbase is a crypto exchange that supports many cryptocurrencies, including Ethereum. Therefore, you can buy and sell your ETH on its app, available for download on the Google Play Store and Apple Store.
While the Coinbase app supports different payment methods when selling your Ethereum, transaction fees on this platform are a bit high – varying with the amount of ETH you are selling.
The Coinbase app is user-friendly and provides Ethereum staking and a subscription-based trading program (Coinbase One) for fee-free trading.
3. Luno App
Luno provides an app to sell your Ethereum, Bitcoin, and altcoins for naira in Nigeria. The Luno app is available for download on the Google Play Store and Apple Store for Nigerian crypto traders.
This app is easy to use as it is beginner-friendly with a clean interface, including fast transaction processing time. You can sell your Ethereum for naira on this platform, as you can also use a cryptocurrency payment method.
The Luno app employs sophisticated security features, with fees that vary with country. Therefore, you will see the trading fees before completing your transaction on the platform.
4. Kraken App
Kraken is a crypto exchange that provides an app with an “all-in-one powerful interface.” It supports over of cryptocurrencies, including Ethereum, in over 100 countries. Therefore, you can sell your Ethereum for naira in Nigeria on this platform.
The Kraken app is available for download on the Google Play Store and Apple Store with a simple interface that is easy to navigate for traders. You can start crypto investment by buying your asset on the app and selling it there.
While this Kraken app is ideal for intermediate to advanced traders, its trading fees are low, with advanced security features to keep transactions safe.
5. Paxful App
Paxful is a peer-to-peer (P2P) platform where you can sell your cryptocurrencies like Ethereum, Bitcoin, and USDT in Nigeria. The Paxful app is easy to use as it is quick to set up by creating an Ethereum wallet that enables you to receive, store, and send your ETH.
This is a marketplace for crypto buyers and sellers that offers hundreds of payment methods, including cash in naira. Also, the platform is vulnerable as a hotbed for scammers. Therefore, you must be careful when selling your ETH and understand how to report a scammer on Paxful.
The Paxful app is available for download on the Google Play Store and Apple Store with a sleek design that attracts users. Transaction fees on this platform vary from 0.5% to 5% when selling your crypto asset.
How To Sell Ethereum In Nigeria On Prestmit
Here are the quick steps to sell your ETH:
- Download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click “Buy & Sell cryptocurrency” and choose “Sell Cryptocurrency.”
- Click “Sell Ethereum” and generate a Prestmit ETH wallet.
- Follow the prompts to complete the transaction.
- You will receive payment after three successive confirmations of your transaction.
Frequently Asked Questions (FAQs)
What Is The Best App To Sell Ethereum In Nigeria?
Prestmit app is the best platform to sell your Ethereum in Nigeria. This is due to the range of innovative features that give you an excellent trading experience. From low trading fees to safe and instant payment, I recommend the Prestmit app as a place to sell your ETH.
How Do I Convert My Ethereum To Naira?
You can convert your Ethereum to naira by selling it on a reputable platform. While you can choose from any of the apps highlighted above, I recommend Prestmit as the place to trade your ETH.
It is easy and quick to create a Prestmit account, have an Ethereum wallet, and start selling your ETH for cash.
What Is The Safest App To Sell My Ethereum In Nigeria?
The Prestmit app is safe to sell your Ethereum in Nigeria, just as other apps highlighted in this article. But you may need to be careful when using P2P platforms like Paxful as trading on the platform is decentralized, mainly as a marketplace for buyers and sellers to buy and sell crypto assets like ETH.
How Much Is Ethereum Worth In Naira?
I ETH is worth about N1.67 million. This is a real-time update of the conversion rate of the cryptocurrency to naira. Meanwhile, you can use the Prestmit rate calculator to calculate the naira value of your Ethereum. You need to enter the amount of your ETH, and the equivalent in naira will be displayed to you.
Conclusion
We cannot overemphasize the buzz around Ethereum as one of the best-performing crypto assets. This is evident in its trading volume, which amplifies its market value to the second-most expensive cryptocurrency. Therefore, trading this asset is a lucrative venture.
However, you need to study more on the features of these apps to sell your ETH to infer your preference.
