How to Sell Bitcoin on Trust Wallet in Nigeria

Selling Bitcoin in Nigeria via Trust Wallet involves several clear steps that ensure a smooth transaction. If you’re looking to convert your Bitcoin into Nigerian Naira (NGN), this guide will walk you through the entire process, from setting up your wallet to completing the sale.

Step 1: Download and Set Up Trust Wallet

To start, ensure you have Trust Wallet installed on your smartphone. Download it from the official app store for your device (Google Play Store for Android or the Apple App Store for iOS). After installation, open the app and follow the setup process, which includes creating a new wallet or importing an existing one.

Step 2: Transfer Bitcoin to Trust Wallet

If you don’t already have Bitcoin in your Trust Wallet, you’ll need to transfer it from another wallet or exchange. To do this, tap on "Receive" in the Trust Wallet app, select Bitcoin, and copy the provided address. Then, go to your current wallet or exchange, initiate a withdrawal to this address, and wait for the transfer to complete. Ensure that you check the transaction status to confirm it has been received.

Step 3: Find a Local Exchange or Peer-to-Peer Platform

To sell Bitcoin for NGN, you can use a local exchange or a peer-to-peer (P2P) platform. Several popular options in Nigeria include:

• LocalBitcoins: A P2P platform that connects buyers and sellers directly.
• Paxful: Another P2P marketplace with a variety of payment methods.
• Binance: Offers a local exchange service with P2P trading.

Step 4: Use the Exchange or P2P Platform

On your chosen platform, create an account if you haven’t already. Here’s a quick overview of the process:

1. LocalBitcoins/Paxful:

   • Search for offers to sell Bitcoin.
   • Choose a buyer based on their reputation and payment method.
   • Agree on the terms and initiate the trade.

2. Binance:

   • Navigate to the P2P trading section.
   • Select "Sell BTC" and specify the amount.
   • Choose a buyer and complete the transaction according to Binance’s instructions.

Step 5: Transfer Bitcoin from Trust Wallet to the Platform

Once you’ve selected a buyer, you’ll need to transfer your Bitcoin to the platform's wallet. Go back to Trust Wallet, select Bitcoin, and choose "Send." Enter the recipient's address (provided by the exchange or P2P platform), specify the amount, and confirm the transaction.

Step 6: Confirm Payment and Complete the Sale

After the Bitcoin has been sent, the buyer should confirm receipt and release the payment. On P2P platforms, ensure that you have received the NGN before confirming the trade. On local exchanges, check the transaction status and verify that the funds are in your account.

Step 7: Withdraw NGN to Your Bank Account

Finally, transfer the NGN to your Nigerian bank account. This can usually be done within the exchange or P2P platform by selecting "Withdraw" and entering your bank details.

Additional Tips:

• Verify Addresses: Always double-check wallet addresses to avoid mistakes.
• Be Aware of Fees: Different platforms and exchanges have varying fee structures.
• Use Reputable Platforms: Stick to well-known exchanges and platforms to ensure security.

By following these steps, you can efficiently sell Bitcoin and convert it into Nigerian Naira using Trust Wallet and local platforms.