How to Sell Bitcoin in Nigeria for Naira (NGN) on CoinCola

Selling Bitcoin in Nigeria for Naira (NGN) can be a lucrative investment, especially if you are looking to liquidate your digital assets for cash. If you are considering selling Bitcoin in Nigeria, CoinCola is the perfect platform for you. CoinCola offers fast and secure trading options that allow you to sell your Bitcoin in exchange for Naira (NGN). Here is a step-by-step guide on how to sell Bitcoin in Nigeria for Naira (NGN) on CoinCola.

Compare how much Naira you will receive

On CoinCola's NGN Bitcoin market, compare the buyer's price, trade limits and payment method. Check the NGN total for the amount of Bitcoin you plan to sell, rather than choosing an offer by its headline rate alone. Use a buyer whose listed payment method matches the account where you want to receive Naira.

Step 1: Create an Account

To begin selling Bitcoin on CoinCola, you need to create an account on the platform. You can sign up with your email address and set a strong password. Once you have created an account, complete the KYC process to verify your identity. You will need to provide some personal information, including your name, phone number, and government-issued ID.

Step 2: Deposit Bitcoin to CoinCola P2P Wallet

The next step is to deposit your Bitcoin to CoinCola's P2P wallet. You can easily do this by clicking the "Deposit" button and following the instructions provided. The Bitcoin will be credited to your P2P wallet as soon as the transaction is confirmed on the blockchain.

Step 3: Create a Sell Order

To create a sell order, go to the main menu and select "Sell Crypto." Then, choose "Bitcoin" and select "NGN" as your desired currency. This will display a list of buyers who are interested in buying Bitcoin with Naira (NGN).

Step 4: Choose a Buyer and Initiate Trade

Once you have found a buyer that meets your selling criteria, click "Sell Now" to initiate the trade. This will open a live trade chat where you can communicate with the buyer and agree on the terms of the trade.

Step 5: Sell Bitcoin and Release Funds

If you are content with the buyer's terms, input the amount you're willing to trade for and click "Sell Now." This will relocate your Bitcoin to CoinCola's fortified escrow. Follow the instructions provided attentively and release the Bitcoin after the buyer completes their end of the deal and you receive payment.

Check your own bank or payment account for the full NGN amount before releasing Bitcoin. A payment screenshot, SMS alert or the buyer marking the trade as paid does not replace checking that the funds have arrived. If the transfer is pending or the amount is wrong, keep the trade open and contact support through the trade.

Step 6: Provide Feedback

After successfully selling your Bitcoin, leave feedback for your trade partner to bolster their reputation on the platform. This will help future buyers and sellers determine who they want to do business with.

For additional information and tips on how to sell Bitcoin in Nigeria, check out CoinCola's YouTube channel. There, you can find comprehensive video tutorials that provide step-by-step guidance on how to use the platform and make the most out of your trading experience.

In conclusion, selling Bitcoin in Nigeria for Naira (NGN) on CoinCola is safe, easy, and convenient. With its fast and secure trading options, CoinCola offers one of the best platforms to sell Bitcoin in Nigeria. Try it out today and start trading!