{"id":11661,"date":"2023-12-22T12:44:43","date_gmt":"2023-12-22T12:44:43","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=11661"},"modified":"2025-02-08T16:40:06","modified_gmt":"2025-02-08T16:40:06","slug":"fastest-5-ways-cashout-bitcoin-nigerian-bank-account","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account","title":{"rendered":"Fastest 5 Ways To Cashout Bitcoin To Nigerian Bank Account"},"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-69e7a9a53819a\" 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-69e7a9a53819a\" 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\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#1_Over_The_Counter_OTC\" >1. Over The Counter (OTC)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#How_To_Sell_Bitcoin_For_Cash_On_Prestmit\" >How To Sell Bitcoin For Cash On Prestmit<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#2_Cryptocurrency_Exchange\" >2. Cryptocurrency Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#3_Peer-to-Peer_Exchanges\" >3. Peer-to-Peer Exchanges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#4_Bitcoin_ATM\" >4. Bitcoin ATM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#5_Crypto_Brokerage\" >5. Crypto Brokerage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#Frequently_Asked_Questions_FAQs\" >Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#What_Is_The_Fastest_Way_To_Cashout_Bitcoin_In_Nigeria\" >What Is The Fastest Way To Cashout Bitcoin In Nigeria?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#How_Long_Does_It_Take_To_Sell_Bitcoin_For_Cash\" >How Long Does It Take To Sell Bitcoin For Cash?<\/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\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#How_Much_Is_Bitcoin_Selling_In_Nigeria\" >How Much Is Bitcoin Selling In Nigeria?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#How_Much_Bitcoin_Can_I_Sell_At_A_Time\" >How Much Bitcoin Can I Sell At A Time?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/prestmit.io\/blog\/fastest-5-ways-cashout-bitcoin-nigerian-bank-account\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>Bitcoin continues to be a highly traded digital asset, which has made it the most popular and most expensive cryptocurrency. An increase in Bitcoin trading can be owed to its potential for moonshot &#8211; corroborating the fact that crypto trading is one of the <a href=\"https:\/\/prestmit.io\/blog\/10-best-ways-make-money-online-nigeria\/\">best ways to make money online<\/a>. So, while you trade this asset for maximum gains, you may need to know the fastest ways to cashout Bitcoin to a Nigerian bank account.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8940 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2023\/06\/Bitcoin_800x533_L_1637104307.jpg\" alt=\"Fastest ways to washout Bitcoin to Nigerian bank account\" 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>It is common knowledge that Bitcoin, like other crypto assets, has a real-time value that underpins its trade and investment. So when you buy BTC at a low price and decide to sell it after holding for some time, especially when its price goes bullish, this will beg the question of how quickly to get cash in naira from your coin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1_Over_The_Counter_OTC\"><\/span>1. Over The Counter (OTC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Over-the-counter (OTC) platforms are becoming popular due to their speed and ease of use. As such, Bitcoin traders can convert their coins to cash without using exchanges. There are many OTC platforms in Nigeria today, but Prestmit leads the cart due to its innovative features.<\/p>\n<p>Therefore, you can <a href=\"https:\/\/prestmit.io\/bitcoins\" target=\"_blank\" rel=\"noopener\">sell Bitcoin<\/a> for naira on Prestmit as the platform offers the best rates, fast Bitcoin-to-naira conversion, advanced security, and a user-friendly interface.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_To_Sell_Bitcoin_For_Cash_On_Prestmit\"><\/span>How To Sell Bitcoin For Cash On Prestmit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"alignnone wp-image-10441 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2023\/10\/prestmit.jpg\" alt=\"Fastest ways to cashout Bitcoin to Nigerian bank account\" width=\"1500\" height=\"787\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/10\/prestmit.jpg 1500w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/10\/prestmit-1024x537.jpg 1024w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/10\/prestmit-150x79.jpg 150w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/10\/prestmit-768x403.jpg 768w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/10\/prestmit-1320x693.jpg 1320w\" data-sizes=\"(max-width: 1500px) 100vw, 1500px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1500px; --smush-placeholder-aspect-ratio: 1500\/787;\" \/><\/p>\n<ul>\n<li><a href=\"https:\/\/prestmit.io\" target=\"_blank\" rel=\"noopener\">Visit the official website of Prestmit<\/a> or download the Prestmit app on the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.prestmit\" target=\"_blank\" rel=\"noopener\">Google Play Store<\/a> or <a href=\"https:\/\/apps.apple.com\/ng\/app\/prestmit-gift-cards-coins\/id1581960714\" target=\"_blank\" rel=\"noopener\">Apple Store<\/a>.<\/li>\n<li>Create a Prestmit account and log in.<\/li>\n<li>Click \u201cBuy &amp; Sell Cryptocurrency\u201d and choose \u201cSell Cryptocurrency.\u201d<\/li>\n<li>Choose \u201cSell Bitcoin.\u201d<\/li>\n<li>Generate BTC wallet address and follow the prompts to sell your Bitcoin.<\/li>\n<li>You will receive payment immediately in your Nigerian bank account.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"2_Cryptocurrency_Exchange\"><\/span>2. Cryptocurrency Exchange<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can sell your Bitcoin for cash on popular crypto exchanges like Binance, KuCoin, Kraken, and Coinbase. This is a centralized way to cashout Bitcoin to the Nigerian bank account as it offers convenience but at higher fees and longer processes.<\/p>\n<p>The step to converting BTC to cash here is to choose your preferred exchange and the amount of Bitcoin that you want to sell. You can then withdraw the cash to your bank after the conversion to fiat.<\/p>\n<p>Therefore, it is essential to research and select an exchange that meets your requirements regarding features like fees and security.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Peer-to-Peer_Exchanges\"><\/span>3. Peer-to-Peer Exchanges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/prestmit.io\/blog\/top-5-p2p-trading-platforms-in-nigeria\/\">Peer-to-peer (P2P) exchanges<\/a> involve a direct approach in which crypto buyers and sellers meet on a platform. This marketplace enables you to set your prices and negotiate transactions. You can sell your Bitcoin on P2P platforms on which you request the buyer to pay directly into your Nigerian bank account.<\/p>\n<p>While P2P platforms uphold privacy and flexibility during trades, it is important to ensure the credibility and reliability of the individuals with whom you are having transactions. But, some platforms offer escrow services to ensure the safety of transactions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Bitcoin_ATM\"><\/span>4. Bitcoin ATM<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/prestmit.io\/blog\/what-are-bitcoin-atms-how-does-it-work\/\">Bitcoin ATMs<\/a>\u00a0enable you to sell BTC and receive cash in return. This does not dispense some money like your regular ATM connected to your bank account. Instead, it works with the internet to initiate Bitcoin transactions.<\/p>\n<p>This ATM works by scanning your wallet QR code to sell Bitcoin for cash. Bitcoin ATMs are not widely available in Nigeria, as there are two (2) ATMs in Lagos. It also charges higher fees, so consider associated costs and other factors before selling your BTC.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Crypto_Brokerage\"><\/span>5. Crypto Brokerage<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can use a broker to sell your Bitcoin for cash. This a middleman between you and the crypto market, such that you can cashout quickly on the platform. Brokers like HF Markets and AvaTrade allow you to cashout on your coin in Nigeria. The fund will be available in your account upon the completion of the trade, which you can also use to trade again.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_The_Fastest_Way_To_Cashout_Bitcoin_In_Nigeria\"><\/span>What Is The Fastest Way To Cashout Bitcoin In Nigeria?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>OTC platforms like Prestmit are the fastest and best way to cashout Bitcoin to your Nigerian bank account. It is safe, fast, simple, and cheap to use this platform for your Bitcoin transactions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Long_Does_It_Take_To_Sell_Bitcoin_For_Cash\"><\/span>How Long Does It Take To Sell Bitcoin For Cash?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The time taken to sell Bitcoin for cash depends on your platform. While selling BTC on P2P exchanges can take hours, you can sell your Bitcoin quickly on Prestmit &#8211; which takes about five (5) minutes to trade on the platform.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Much_Is_Bitcoin_Selling_In_Nigeria\"><\/span>How Much Is Bitcoin Selling In Nigeria?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The price of Bitcoin is not fixed as the coin is largely volatile due to factors like demand for Bitcoin and the crypto market. But you can know the current price of BTC using the <a href=\"https:\/\/prestmit.io\/bitcoin-price-naira\" target=\"_blank\" rel=\"noopener\">Prestmit Bitcoin rate calculator<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Much_Bitcoin_Can_I_Sell_At_A_Time\"><\/span>How Much Bitcoin Can I Sell At A Time?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There is a maximum selling limit to every cashout method. Nonetheless, Prestmit offers the best Bitcoin rate, irrespective of how much BTC you sell.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The process of selling Bitcoin for cash can be simple and easy when you use Prestmit, which is an OTC platform that offers the best rates and fastest cashout you can imagine. Prestmit is for you if you want to trade on a platform that provides you with all innovative features that make your transactions seamless.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continues to be a highly traded digital asset, which has made it the most popular and most expensive cryptocurrency. An increase in Bitcoin trading can be owed to its potential for moonshot &#8211; corroborating the fact that crypto trading is one of the best ways to make money online. So, while you trade this [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":11684,"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":[12,2017],"class_list":["post-11661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-bitcoin","tag-fastest-ways-to-cashout-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fastest 5 Ways To Cashout Bitcoin To Nigerian Bank Account - Prestmit<\/title>\n<meta name=\"description\" content=\"Are you a crypto trader seeking to convert your BTC to naira? 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