How To Sell Your Crypto In Nigeria Despite The Restrictions.

If you’re in Nigeria and want to sell USDT (Tether) for Naira despite the Binance restrictions, there are several alternative methods and platforms you can use:

Peer-to-Peer (P2P) Exchanges

Even though Binance may have some restrictions in Nigeria, you can still access P2P platforms to sell your USDT directly to buyers. These platforms facilitate direct exchanges between users, often with escrow protection to ensure safe transactions.

•   Binance P2P: Binance’s peer-to-peer platform might still be operational in certain regions. You can list your USDT for sale, and buyers will pay you directly in Naira via bank transfer.
•   Remitano: This is a popular P2P platform in Nigeria, offering USDT trading pairs with Naira. Remitano acts as an escrow, ensuring both parties complete their part of the deal.
•   Paxful: Paxful allows users to sell USDT (and other cryptocurrencies) to Nigerian buyers. Payments can be made via bank transfer or other methods.

Use Local Cryptocurrency Exchanges

Some Nigerian crypto exchanges may allow you to sell USDT for Naira:

•   NairaEx: You can convert USDT to Naira and receive funds directly into your Nigerian bank account.
•   Quidax: This is a Nigerian-based exchange that supports USDT and offers trading pairs with Naira.
•   Breet App: This app allows you to sell USDT and withdraw the equivalent Naira to your bank account.

OTC (Over-the-Counter) Trading

You can also engage in over-the-counter (OTC) trading, where you negotiate directly with buyers. Be cautious and ensure the legitimacy of the buyer by using escrow services or trusted intermediaries.

Use Cryptocurrency Wallet Apps

Some crypto wallet apps in Nigeria offer an easy way to sell USDT for Naira. These apps connect you with buyers or facilitate direct sales:

•   Trust Wallet: While not an exchange, Trust Wallet connects to decentralized platforms like PancakeSwap where you can exchange your USDT.
•   Bitmama: This is another wallet and platform in Nigeria where you can trade cryptocurrencies and withdraw Naira.

Steps for Selling on P2P Platforms

1.  Choose a P2P Platform (e.g., Binance P2P or Remitano).
2.  Create an account if you don’t already have one.
3.  Select “Sell USDT” and choose your payment method (Naira via bank transfer).
4.  Set the amount you want to sell and select a buyer.
5.  Confirm the buyer’s payment (they will transfer Naira to your bank account).
6.  Release the USDT once you confirm the payment is in your account.

Always be cautious and ensure you are using platforms with proper security measures.