The news of Nigerian banks being prohibited from facilitating crypto transactions was huge —even globally. This caused a massive gap in crypto-to-cash transactions, making it harder to navigate the crypto market —in this case, withdrawing Bitcoin to a bank account in Nigeria.
As a result, Nigerians were put at an unfair disadvantage when converting Bitcoin to Naira. They either fell victim to scams or were given subpar value for their Bitcoin.
Since many Nigerians face these issues, it became clear that a solution best suited to this problem should be developed. This is why the Breet app was created — a crypto exchange dedicated to smooth and hassle-free crypto conversions to Naira (and Cedis).
This post will explore the Breet app — the smoothest way to exchange Bitcoin and get Naira in your local bank account.
Breet App: The Best Way To Directly Withdraw Bitcoin To Your Bank Account In Nigeria
Breet is a crypto exchange platform that allows direct Bitcoin withdrawal into Nigerian (and Ghanaian) bank accounts. The Breet app is built to ensure a seamless, fast, and convenient experience.
Built with cutting-edge security measures, the Breet app is highly secure.
The app utilizes biometrics, two-factor authentication, and transaction PIN to safeguard your funds. Due to its multi-layered security system, your account’s security is guaranteed.
Furthermore, Breet's interface is easy to navigate and understand. The app is so user-friendly that even a crypto newbie could figure it out in minutes. This makes it a breeze to use this trading platform without any hassle.
With the Breet app, you get the best value for your Bitcoin with a highly competitive exchange rate. It's also a smart method to beat inflation —preserving your funds as you seamlessly convert cryptocurrency to Naira.
Breet makes it easy to get your money when you need it. With Breet, you can sell your Bitcoin and get your Naira in your bank account in minutes. No more waiting days or weeks for your funds to clear.
Getting started with Breet is incredibly easy. You'll be up and running in minutes and even get an automatic Bitcoin wallet address generated. Want to see how it works? I'll show you in the next section.
How to Set Up A Bitcoin Wallet On Breet
Second step: Register with your details.
Third step: Verify your email address.
Final step: You’re all set!
When you sign up for Breet, you'll immediately get a free Bitcoin wallet address that's yours to keep permanently. Use it to receive Bitcoin from anyone, anywhere in the world. It's that easy!
Your Bitcoin wallet address is generated in two forms: a QR code and your wallet address.
How to Withdraw Bitcoin To Your Bank Account in Nigeria
Once you have your Bitcoin wallet address, you can receive Bitcoin instantly. The Bitcoin reflects in your Breet wallet in minutes.
Note: you can see the real-time Bitcoin exchange rate on the wallet's dashboard.
Your Naira is ready for withdrawal once the blockchain confirmation time is reached. You can sit back and relax until the confirmation number is reached, and then your balance will be deposited into your bank account automatically.
Want your crypto converted to Naira as soon as it hits your wallet? Toggle on the Automatic Settlement feature and let Breet do the rest.
That's all it takes to go from Bitcoin to Naira with Breet. It's really that easy!
Security And Risk Management Measures When Selling Bitcoin
Use strong passwords: Strong passwords are difficult to guess. They should be at least 12 characters long and include a mix of uppercase and lowercase letters, numbers, and symbols. Avoid using personal information such as your date of birth, name, phone number, or a loved one's information in your passwords.
Two-factor authentication: This adds an extra layer of security to your account by requiring you to enter a code from your phone and your password when you log in. This makes it much more difficult for someone to hack into your account, even if they know your password.
Avoid using public networks (e.g., public WiFi) for Bitcoin transactions. These networks are often unsecured, which makes it easy for hackers to intercept your data. Your wallet details are sensitive, so keeping them safe is important.
Stay informed about the Bitcoin market. It's a fast-moving industry, and it's important to stay up-to-date on the latest news and trends. This will help you make informed decisions about your Bitcoin investments and protect yourself from scams and fraud.
There you have it, friends — everything you need to exchange Bitcoin for Naira. Ready for a Bitcoin-to-Naira exchange? Breet’s got you. You get to trade seamlessly while keeping 100% of your profit. So what are you waiting for? Start trading today!