Optimizing Ethereum to Naira Conversions: Simple Strategies for Better Returns

The only thing better than seeing your crypto portfolio grow is when you can convert your profit to cold hard cash to spend in the real world. This especially applies to Ethereum, with a strong market capitalization — the second largest after Bitcoin — so you’re almost sure to profit from it.

But selling your Ethereum for Naira is not all there is to it. To maximize your profit, it’s best to follow specific strategies. In this post, we’ll explore the simple strategies to help you get the best returns from your Ethereum investment through the most rewarding platform.

Simple Strategies for Better Ethereum to Naira Returns

Timing the market

In the unpredictable world of cryptocurrency, timing when to sell your Ethereum can significantly impact your return on investment. You should take advantage of these price fluctuations to make sure that you’re always at a profit.

One way to ensure this is by buying low and selling high. To effectively do this, follow these methods:

• Track price movements: In crypto, every second is precious, and the market can turn in an instant. This is why you must utilize tools like price charts, technical indicators, and news feeds to track Ethereum’s price to identify a trend and get in on it early on.
• Buy the dips:Buy ETH when the market is bearish. When you purchase low, your profit margin will be higher when the market hits a profitable run, and the value in Naira when you sell will be much higher.
• Dollar-Cost Averaging (DCA):Due to the nature of the market, it’s challenging to know when it’s at its lowest, so you can opt for DCA. With this, you invest a fixed amount of Naira into Ethereum at regular intervals (e.g., weekly, biweekly, monthly, etc).

With this method, no matter what the market looks like, you’re investing a fixed amount of money, thereby reducing volatility and meeting your investment goals.

Choosing the right platform

You shouldn’t take it lightly when selling your ETH for Naira because the wrong platform can put you at a loss or, even worse, scam you of your Ethereum. This is why you should choose a dedicated platform that meets the following marks:

• Security: Aside from the platform’s security framework on which it was built, it’s crucial that you have the power to take extra precautions on the app. This may include measures like two-factor authentication, biometrics, or both.
• User-friendly: A crypto app should be easy to navigate and straightforward. Run away from any platform with a complex user interface, as you’re more likely to make grave mistakes, and you won’t be able to hold the platform responsible.
• Customer Support: Assistance should be available to you anytime you need it. Therefore, using platforms with responsive customer support on convenient mediums like email, phone numbers, live chat, etc, is best.
• Competitive rates: The whole point of maximizing your Ethereum returns is that you can sell it at a profitable rate in the Naira. The right platform for you should be able to offer you one of the best rates in the market to achieve our goal.

The Breet App: The Best Platform to Sell Your Ethereum for Naira

Converting Ethereum to Naira with the Breet app is the easiest and fastest step in your crypto investment/trading cycle. This platform is an over-the-counter (OTC) platform specifically designed to offer crypto-to-cash and crypto-to-crypto services to traders in Nigeria and Ghana.

It is a well-rounded platform with all the standard features in a crypto app and more. The Breet app is a near-automatic crypto app that simplifies the process while offering juicy rates.

You only need to download the Breet app from the Google Play Store or the App Store or register directly from the web app. Follow the prompts to sign up in a few minutes, and that’s all!

(Note: You also get a permanent Ethereum wallet address upon signing up)

Here’s how to sell Ethereum on Breet in simple steps:

1. Navigate to the ‘Crypto-to-Cash Wallets’ dashboard. It’s the second icon after the ‘Homepage’ button on the bottom of the screen.
2. Click on ‘Ethereum Wallet,’ then have the sender scan your QR code or copy your wallet address and paste it to the sender.
3. Once ETH is received, it is automatically converted to Naira. The transaction is initiated, and after the confirmation time on the blockchain, you have sold ETH for Naira!
4. You can now send the Naira to your bank account. The next time you want to transact, turn on the “Automatic Settlement” feature to deposit your funds automatically in your bank account.

Conclusion

Selling Ethereum for Naira is great, but what’s even better is selling at the right time, using the right platform — this is the ultimate game changer for your crypto investment.

With this guide, you can effectively buy Ethereum and sell at the right time at the best rate using the strategies discussed in this post and with the best app in the market — the Breet app!