{"id":1009,"date":"2021-10-25T13:22:10","date_gmt":"2021-10-25T13:22:10","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=1009"},"modified":"2025-09-22T15:07:11","modified_gmt":"2025-09-22T15:07:11","slug":"how-to-trade-bitcoin-on-remitano-in-nigeria","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria","title":{"rendered":"How To Trade Bitcoin On Remitano In Nigeria"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69decf214aeb9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69decf214aeb9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#What_is_Remitano\" >What is Remitano?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Why_Trade_Bitcoin_on_Remitano\" >Why Trade Bitcoin on Remitano?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#1_Naira_Wallet_for_Easy_Deposits_and_Withdrawals\" >1. Naira Wallet for Easy Deposits and Withdrawals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#2_Secure_Escrow_System\" >2. Secure Escrow System<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#3_Local_Bank_Integration\" >3. Local Bank Integration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#4_Beginner-Friendly_Setup\" >4. Beginner-Friendly Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#5_Fast_Dispute_Resolution\" >5. Fast Dispute Resolution<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Step-by-Step_Guide_to_Trade_Bitcoin_on_Remitano\" >Step-by-Step Guide to Trade Bitcoin on Remitano<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Buying_Bitcoin\" >Buying Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Selling_Bitcoin\" >Selling Bitcoin<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Safety_Tips_for_Trading_on_Remitano\" >Safety Tips for Trading on Remitano<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Frequently_Asked_Questions_FAQs_on_Trading_Bitcoin_on_Remitano\" >Frequently Asked Questions (FAQs) on Trading Bitcoin on Remitano\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Is_Remitano_legal_in_Nigeria\" >Is Remitano legal in Nigeria?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#How_long_does_it_take_to_complete_a_Bitcoin_trade_on_Remitano\" >How long does it take to complete a Bitcoin trade on Remitano?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#How_long_do_withdrawals_take_on_Remitano\" >How long do withdrawals take on Remitano?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Can_I_cancel_a_trade_after_opening_it\" >Can I cancel a trade after opening it?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Are_there_fees_for_buying_or_selling_Bitcoin_on_Remitano\" >Are there fees for buying or selling Bitcoin on Remitano?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#What_happens_if_a_seller_doesnt_release_my_Bitcoin_after_Ive_paid\" >What happens if a seller doesn\u2019t release my Bitcoin after I\u2019ve paid?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Whats_the_minimum_amount_of_Bitcoin_I_can_buy_or_sell\" >What\u2019s the minimum amount of Bitcoin I can buy or sell?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/prestmit.io\/blog\/how-to-trade-bitcoin-on-remitano-in-nigeria\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">In 2024 alone, Nigerians traded over <\/span><a href=\"https:\/\/www.chainalysis.com\/blog\/subsaharan-africa-crypto-adoption-2025\/\" target=\"_blank\"><span style=\"font-weight: 400;\">$92.1 billion<\/span><\/a><span style=\"font-weight: 400;\"> in cryptocurrency, with Bitcoin making up nearly <\/span><span style=\"font-weight: 400;\">90%<\/span><span style=\"font-weight: 400;\"> of that. Proof that crypto isn\u2019t just a trend here, it\u2019s a lifestyle. Yet, despite this massive market, most global exchanges still throw up limits and restrictions that make life difficult for Nigerian users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These challenges pushed Nigerians toward platforms that truly understand their needs. One of the most trusted among them is Remitano, a <a href=\"https:\/\/prestmit.io\/blog\/how-sell-bitcoin-peer-to-peer-p2p-exchanges-a-comprehensive-guide\">peer-to-peer exchange<\/a> built to make buying and <a href=\"https:\/\/prestmit.io\/bitcoins\" target=\"_blank\" rel=\"noopener\">selling Bitcoin<\/a>\u00a0(and other cryptocurrencies) simple, secure, and stress-free.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, I\u2019ll break down what Remitano is, why it\u2019s worth using, practical safety tips, and a step-by-step tutorial to help you start trading <a href=\"https:\/\/prestmit.io\/blog\/bitcoin-101\">Bitcoin<\/a> with confidence.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Remitano\"><\/span><b>What is Remitano?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-13775 size-full lazyload\" data-src=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/05\/Remitano-Review-2019-featured-image.webp\" alt=\"Trade Bitcoin on Remitano \" width=\"600\" height=\"400\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/05\/Remitano-Review-2019-featured-image.webp 600w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/05\/Remitano-Review-2019-featured-image-150x100.webp 150w\" data-sizes=\"(max-width: 600px) 100vw, 600px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 600px; --smush-placeholder-aspect-ratio: 600\/400;\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/remitano.com\/ng\" target=\"_blank\" rel=\"noopener\">Remitano<\/a>\u00a0is a peer-to-peer (P2P) cryptocurrency exchange. Which basically means it directly connects people who want to buy Bitcoin (and other cryptocurrencies) with people who want to sell, and keeps the process safe with an escrow system.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The platform was launched in April 2014 by Babylon Solutions Limited, a company registered in Seychelles, and it has grown into one of the most popular exchanges across Africa and beyond.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remitano is one of the <a href=\"https:\/\/prestmit.io\/blog\/best-sites-to-buy-bitcoins-in-nigeria-in-2022\">best sites to buy Bitcoin in Nigeria<\/a>. You can deposit and withdraw in Naira, connect easily to local banks, and even start with a beginner-friendly verification process that won\u2019t stress you out. Add its secure escrow system on top, and newcomers can trade Bitcoin confidently without worrying about being scammed.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Trade_Bitcoin_on_Remitano\"><\/span><b>Why Trade Bitcoin on Remitano?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Naira_Wallet_for_Easy_Deposits_and_Withdrawals\"><\/span><b>1. Naira Wallet for Easy Deposits and Withdrawals<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Remitano gives Nigerian users access to a dedicated Naira wallet. This makes it easy to fund your account, withdraw cash, and trade Bitcoin without the constant hassle of long bank transfers. For verified users, the Instant Trade feature speeds this up even further, so you can move between Bitcoin and Naira almost immediately.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Secure_Escrow_System\"><\/span><b>2. Secure Escrow System<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Bitcoin doesn\u2019t come cheap, so safety is a big deal when trading it, especially in P2P trading. Remitano protects every trade with its escrow service. When you buy Bitcoin, the seller\u2019s coins are held in escrow until your payment is confirmed. That way, neither side can cheat the other, and you can trade with peace of mind.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Local_Bank_Integration\"><\/span><b>3. Local Bank Integration<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Unlike many global exchanges that make it hard for Nigerians to cash out, Remitano works directly with local banks. This means you can pay or receive Naira straight from your bank account, making the whole Bitcoin trading process much smoother.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Beginner-Friendly_Setup\"><\/span><b>4. Beginner-Friendly Setup<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Remitano\u2019s platform keeps things simple. The verification process is straightforward, the app and website are easy to navigate, and there are helpful guides if you ever get stuck. This makes it a great starting point for Nigerians who are buying Bitcoin for the very first time.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Fast_Dispute_Resolution\"><\/span><b>5. Fast Dispute Resolution<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the rare case of disagreements, like a seller not releasing Bitcoin, Remitano steps in to review proof of payment. Most disputes are resolved within hours, not weeks.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Step-by-Step_Guide_to_Trade_Bitcoin_on_Remitano\"><\/span><b>Step-by-Step Guide to Trade Bitcoin on Remitano<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Trading Bitcoin on Remitano is straightforward, whether you\u2019re buying or selling. Just follow these simple steps.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buying_Bitcoin\"><\/span><b>Buying Bitcoin<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Visit the Remitano website or download the app (iOS\/Android).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sign up with your email and verify it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set a strong password and enable 2-factor authentication (2FA).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete <a href=\"https:\/\/prestmit.io\/blog\/what-is-kyc-and-why-do-crypto-exchanges-require-it\">KYC verification<\/a> (depending on trade size): this may require a government ID, proof of address, and a selfie. For small amounts, phone verification may be enough.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fund your Naira or Bitcoin wallet (using local bank transfers or other supported payment options). If you have Naira wallet enabled, Instant Trade may be possible.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Go to \u201cBuy Bitcoin\u201d, enter the Naira or BTC amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Browse through seller offers; each seller profile displays their rating, completed trades, price, limits, and preferred bank. Click a seller\u2019s name if you want more details.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pick a seller with a good reputation and competitive rate, then click \u201cBuy.\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Follow the payment instructions and make payment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After sending payment, click \u201cI have paid seller\u201d to notify them.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Wait for seller\u2019s confirmation. Once confirmed, your Bitcoin will be released to your wallet.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Selling_Bitcoin\"><\/span><b>Selling Bitcoin<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Log in to your Remitano account and go to \u201cSell Bitcoin.\u201d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Browse available buyer offers; each profile shows their rating, completed trades, buy limit, and preferred bank.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Click on a buyer\u2019s name to see more details and choose one with a good reputation and fair rate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enter the amount of Bitcoin you want to sell and click \u201cSell BTC.\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Add your bank account details and click \u201cContinue\u201d to open the trade.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Remitano will hold your Bitcoin in escrow while the trade is ongoing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Wait for the buyer to send payment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Confirm that the money has actually arrived in your bank account (log in to your bank app; don\u2019t rely only on SMS).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once the funds reflect in your account, click \u201cI have received payment\u201d to release the Bitcoin to the buyer.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Safety_Tips_for_Trading_on_Remitano\"><\/span><b>Safety Tips for Trading on Remitano<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8940 size-full lazyload\" data-src=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/06\/Bitcoin_800x533_L_1637104307.jpg\" alt=\"Trade Bitcoin on Remitano \" width=\"560\" height=\"374\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/06\/Bitcoin_800x533_L_1637104307.jpg 560w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/06\/Bitcoin_800x533_L_1637104307-150x100.jpg 150w\" data-sizes=\"(max-width: 560px) 100vw, 560px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 560px; --smush-placeholder-aspect-ratio: 560\/374;\" \/><\/p>\n<p><span style=\"font-weight: 400;\">To stay safe while trading on Remitano, keep these tips in mind:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enable two-factor authentication (2FA):<\/b><span style=\"font-weight: 400;\"> This adds an extra lock to your account, so even if someone gets your password, they can\u2019t log in without your code.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Use strong, unique passwords:<\/b><span style=\"font-weight: 400;\"> Don\u2019t reuse passwords from other accounts. A simple mix of letters, numbers, and symbols goes a long way.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Check seller and buyer ratings:<\/b><span style=\"font-weight: 400;\"> Reviews and trade history give you a clear picture of who you\u2019re dealing with. Stick with users who have solid reputations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Never trade outside the platform:<\/b><span style=\"font-weight: 400;\"> If someone asks you to move the deal off Remitano, don\u2019t do it. Escrow only protects you when you stay on-platform.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Secure your Bitcoin after trading:<\/b><span style=\"font-weight: 400;\"> If you\u2019re not planning to trade right away, transfer your BTC to a personal wallet where you control the keys.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Confirm payments directly in your bank app:<\/b><span style=\"font-weight: 400;\"> Never rely on SMS alerts alone. Some alerts can be delayed or faked, so always log in and check your balance before releasing Bitcoin.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Beware of overpayments or suspicious requests:<\/b><span style=\"font-weight: 400;\"> If a buyer \u201caccidentally\u201d sends more money and asks for a refund, it might be a <a href=\"https:\/\/prestmit.io\/blog\/how-to-identify-crypto-scams-in-2022\">scam<\/a>. Stick to the agreed trade amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Set trade limits that match your comfort zone:<\/b><span style=\"font-weight: 400;\"> Start small if you\u2019re new, then increase your limits as you gain experience and confidence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Avoid public Wi-Fi when trading:<\/b><span style=\"font-weight: 400;\"> Hackers can intercept your connection. Use a secure network or a <a href=\"https:\/\/prestmit.io\/blog\/top-10-free-vpns-nigerians\">VPN<\/a> instead.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Regularly review your withdrawal settings: <\/b><span style=\"font-weight: 400;\">On Remitano, you can whitelist bank accounts and wallets for withdrawals. This reduces the risk if someone ever gains access to your account.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs_on_Trading_Bitcoin_on_Remitano\"><\/span><b>Frequently Asked Questions (FAQs) on Trading Bitcoin on Remitano\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Is_Remitano_legal_in_Nigeria\"><\/span><b>Is Remitano legal in Nigeria?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, Remitano is legal in Nigeria. While Nigeria\u2019s central bank restricts banks from directly processing crypto transactions, platforms like Remitano operate legally as peer-to-peer (P2P) exchanges.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_long_does_it_take_to_complete_a_Bitcoin_trade_on_Remitano\"><\/span><b>How long does it take to complete a Bitcoin trade on Remitano?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Most trades take just a few minutes if both parties are responsive. However, delays can happen if a seller or buyer is slow to confirm payment. In such cases, you can open a dispute, and Remitano\u2019s support team will step in.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_long_do_withdrawals_take_on_Remitano\"><\/span><b>How long do withdrawals take on Remitano?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Naira withdrawals to local bank accounts usually process within minutes to a few hours, depending on the bank. Crypto withdrawals (like Bitcoin) depend on blockchain confirmation times but are typically processed quickly once your request is approved.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_cancel_a_trade_after_opening_it\"><\/span><b>Can I cancel a trade after opening it?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You can cancel a trade if you haven\u2019t paid. But once you\u2019ve marked payment as sent, the trade can\u2019t be cancelled. At that point, it\u2019s either completed or resolved through support.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_fees_for_buying_or_selling_Bitcoin_on_Remitano\"><\/span><b>Are there fees for buying or selling Bitcoin on Remitano?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, Remitano charges a 1% trading fee from the seller for each completed trade. Buyers don\u2019t pay direct fees but may notice slight price differences depending on the seller\u2019s rate.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_a_seller_doesnt_release_my_Bitcoin_after_Ive_paid\"><\/span><b>What happens if a seller doesn\u2019t release my Bitcoin after I\u2019ve paid?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If this happens, don\u2019t panic. As long as you made the payment within the platform and clicked \u201cI have paid,\u201d your Bitcoin is locked in escrow. If the seller doesn\u2019t release it, you can open a dispute, and Remitano will review the evidence before resolving the trade.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Whats_the_minimum_amount_of_Bitcoin_I_can_buy_or_sell\"><\/span><b>What\u2019s the minimum amount of Bitcoin I can buy or sell?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This depends on the seller or buyer you choose. Many sellers allow small trades (as low as $10 or the Naira equivalent), but each ad has its own minimum and maximum limits.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Trading Bitcoin on Remitano in Nigeria is safe, fast, and beginner-friendly when you follow the steps above and adhere to security best practices. If you keep your account secure, stick to trusted buyers and sellers, and make use of Remitano\u2019s built-in tools, you\u2019ll find the process straightforward.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the right precautions, Remitano takes the stress out of Bitcoin trading and puts you in control of your crypto journey. Whether you\u2019re buying or selling, you can trade with confidence on the platform.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024 alone, Nigerians traded over $92.1 billion in cryptocurrency, with Bitcoin making up nearly 90% of that. Proof that crypto isn\u2019t just a trend here, it\u2019s a lifestyle. Yet, despite this massive market, most global exchanges still throw up limits and restrictions that make life difficult for Nigerian users.\u00a0 These challenges pushed Nigerians toward [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":15841,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[12,553,554],"class_list":["post-1009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-bitcoin","tag-bitcoin-trade","tag-remitano"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How To Trade Bitcoin On Remitano In Nigeria - 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