10 Paxful Alternatives to Sell Bitcoin in Nigeria

Paxful Alternatives to Sell Bitcoin: In recent years, the cryptocurrency market has experienced unprecedented growth, and Bitcoin, as the pioneer of cryptocurrencies, has played a pivotal role in this revolution. Nigeria, in particular, has emerged as one of the leading nations in Africa for cryptocurrency adoption, with a burgeoning community of crypto enthusiasts and traders. However, finding reliable platforms to buy and sell Bitcoin can be a daunting task, especially in a market as dynamic as Nigeria’s. One popular platform that has been widely used for trading Bitcoin in Nigeria is Paxful.

Paxful Alternatives to Sell Bitcoin

Paxful is a peer-to-peer cryptocurrency exchange that has gained a strong foothold in the Nigerian market due to its user-friendly interface and accessibility. However, it’s essential to explore Paxful alternatives to sell Bitcoin, to ensure that you have a diversified set of options for buying and selling Bitcoin. In this article, we will discuss ten Paxful alternatives to sell Bitcoin in Nigeria, with a particular focus on Dtunes as the top choice.

Dtunes

When it comes to Paxful alternatives in Nigeria, Dtunes stands out as a reliable and user-friendly platform, making it one of the Paxful alternatives to sell Bitcoin. Dtunes is a Nigerian-based cryptocurrency exchange that has gained popularity for its seamless trading experience and robust security measures.

Why Choose Dtunes?

1. Nigerian-Focused: Dtunes is tailored to the needs of the Nigerian market, making it easier for local traders to navigate and use.
2. User-Friendly: The platform boasts an intuitive user interface, making it accessible for both beginners and experienced traders.
3. Safety: Dtunes places a strong emphasis on security, employing encryption protocols and two-factor authentication to protect users’ assets.
4. Diverse Payment Options: It offers a wide range of payment options, including bank transfers, mobile money, and even gift cards, ensuring you can trade with convenience.
5. Responsive Customer Support: Dtunes provides responsive customer support to assist users with any queries or issues they may encounter.
6. High Liquidity: With a substantial user base, Dtunes offers high liquidity, ensuring you can quickly buy or sell Bitcoin at competitive prices.

Binance

Binance is a globally recognized cryptocurrency exchange that offers a comprehensive platform for trading various cryptocurrencies, including Bitcoin. While it’s not a peer-to-peer platform like Paxful, Binance provides an alternative for Nigerian traders seeking a secure and highly liquid marketplace.

Why Choose Binance?

1. Global Reach: Binance is one of the largest cryptocurrency exchanges in the world, providing access to a vast pool of traders and liquidity.
2. Advanced Trading Tools: For those with experience, Binance offers advanced trading features and charts for technical analysis.
3. Diverse Cryptocurrencies: In addition to Bitcoin, Binance offers a wide array of cryptocurrencies for trading and investment.
4. Security: Binance is known for its robust security measures, including cold storage for funds and two-factor authentication.
5. Staking and Earning: Users can also earn passive income through staking and various earning programs on the platform.

While Binance may not be a peer-to-peer platform, it provides a reliable option for trading Bitcoin in Nigeria due to its global presence and robust features.

LocalBitcoins

LocalBitcoins has been a prominent player in the peer-to-peer cryptocurrency trading space for years. It connects buyers and sellers directly, allowing for a wide range of payment options and a more personalized trading experience and making it one of the Paxful alternatives to sell Bitcoin.

Why Choose LocalBitcoins?

1. Peer-to-Peer: LocalBitcoins facilitates direct trading between individuals, giving you more control over the terms of your trade.
2. Diverse Payment Methods: It supports a plethora of payment options, including bank transfers, cash deposits, and online wallets.
3. Global Reach: LocalBitcoins is available in numerous countries, making it an excellent option for international traders.
4. Reputation System: Traders on LocalBitcoins can build reputations based on successful trades, helping you identify trustworthy counterparts.
5. Escrow Service: LocalBitcoins employs an escrow service to ensure the security of funds during trades.

LocalBitcoins offers a flexible and versatile platform for buying and selling Bitcoin, making it a popular choice among peer-to-peer enthusiasts in Nigeria.

Remitano

Remitano is another peer-to-peer cryptocurrency exchange that has gained traction in Nigeria. It offers a straightforward platform for buying and selling Bitcoin, with an emphasis on security and user convenience.

Why Choose Remitano?

1. Secure Escrow Service: Remitano uses an escrow service to secure the funds during trades, ensuring a safe trading environment.
2. User-Friendly: The platform is designed to be user-friendly, making it suitable for traders of all experience levels.
3. Diverse Payment Options: Remitano supports various payment methods, including bank transfers and digital wallets.
4. Quick Verification: The verification process on Remitano is relatively quick and hassle-free.
5. Responsive Support: Users can access customer support to address any issues or concerns.

Remitano is a reliable choice for Nigerian traders looking to buy or sell Bitcoin in a secure and user-friendly environment.

Luno

Luno is a globally recognized cryptocurrency exchange with a presence in Nigeria. It offers a user-friendly platform for trading Bitcoin and several other cryptocurrencies, making it one of the Paxful alternatives to sell Bitcoin.

Why Choose Luno?

1. Regulated Exchange: Luno operates under the regulation of various financial authorities, providing an extra layer of security.
2. Simple User Interface: The platform is known for its simplicity, making it suitable for beginners.
3. High Liquidity: Luno offers high liquidity, ensuring you can quickly execute trades at competitive prices.
4. Mobile App: Luno provides a mobile app for convenient trading on the go.
5. Educational Resources: The platform offers educational resources to help users understand cryptocurrencies better.

Luno is a reputable choice for Nigerians seeking a secure and straightforward way to trade Bitcoin.

Kraken

Kraken is a well-established cryptocurrency exchange that offers a comprehensive trading platform for a wide range of cryptocurrencies, including Bitcoin. While it’s not a peer-to-peer platform, it provides a secure and highly liquid marketplace.

Why Choose Kraken?

1. Security: Kraken is known for its robust security measures, including cold storage and two-factor authentication.
2. High Liquidity: The exchange offers high liquidity, ensuring you can execute large trades without significant price slippage.
3. Advanced Trading Features: Kraken provides advanced trading tools and charts for experienced traders.
4. Regulated Exchange: Kraken is regulated in various jurisdictions, providing a sense of legitimacy.
5. Staking and Earning: Users can participate in staking and earning programs on the platform.

While Kraken may not be a peer-to-peer exchange, it offers a reliable and secure option for trading Bitcoin in Nigeria.

Quidax

Quidax is a Nigerian-based cryptocurrency exchange that has gained popularity for its focus on the Nigerian market and its user-friendly platform, making it one of the Paxful alternatives to sell Bitcoin.

Why Choose Quidax?

1. Nigerian-Focused: Quidax tailors its services to the Nigerian market, making it easier for local users.
2. Simple User Interface: The platform offers an intuitive and straightforward interface for trading.
3. Quick Verification: Verification on Quidax is relatively quick, allowing users to start trading sooner.
4. Diverse Payment Methods: Quidax supports various payment methods, including bank transfers and digital wallets.
5. Customer Support: Users can access customer support to address any issues or inquiries.

Quidax is a reliable choice for Nigerians looking for a user-friendly platform to buy and sell Bitcoin.

NairaEx

NairaEx is a Nigeria-based cryptocurrency exchange that specializes in facilitating the buying and selling of Bitcoin and other cryptocurrencies with the Nigerian Naira (NGN), making it one of the Paxful alternatives to sell Bitcoin.

Why Choose NairaEx?

1. Nigerian-Focused: NairaEx is tailored to the Nigerian market, providing local users with a seamless trading experience.
2. Secure Transactions: The platform emphasizes security and privacy, ensuring the safety of user funds.
3. Quick KYC Verification: NairaEx offers a relatively quick KYC verification process for users.
4. Customer Support: Users can reach out to customer support for assistance.
5. Competitive Rates: NairaEx strives to offer competitive rates for buying and selling Bitcoin.

NairaEx is a reputable homegrown option for Nigerian traders looking to exchange Bitcoin for Naira and vice versa.

CoinCola

CoinCola is a global peer-to-peer cryptocurrency exchange that connects buyers and sellers directly, offering a variety of payment options for Bitcoin trading, making it one of the Paxful alternatives to sell Bitcoin .

Why Choose CoinCola?

1. Peer-to-Peer: CoinCola facilitates direct trades between individuals, providing flexibility in trade terms.
2. Diverse Payment Options: The platform supports various payment methods, including gift cards and mobile money.
3. Global Presence: CoinCola is available in multiple countries, offering a wide pool of potential trading partners.
4. Security: The platform employs escrow services to secure transactions.
5. User-Friendly: CoinCola provides an easy-to-use interface for traders.

CoinCola is a suitable choice for those who prefer the peer-to-peer trading experience when buying and selling Bitcoin in Nigeria.

LocalCryptos

LocalCryptos is a peer-to-peer cryptocurrency marketplace that connects buyers and sellers worldwide. It offers a secure platform for trading Bitcoin and various other cryptocurrencies.

Why Choose LocalCryptos?

1. Peer-to-Peer: LocalCryptos facilitates direct trading between individuals, allowing for customized trade terms.
2. Global Reach: The platform is accessible to users in numerous countries, providing a diverse trading community.
3. Secure Escrow Service: LocalCryptos employs an escrow service to secure funds during transactions.
4. Diverse Payment Methods: Users can choose from a wide array of payment options, including bank transfers and online wallets.
5. User Privacy: LocalCryptos prioritizes user privacy and security.

LocalCryptos is an excellent choice for individuals in Nigeria seeking a peer-to-peer marketplace for trading Bitcoin.

How to Sell Bitcoin in Nigeria on Dtunes

Selling Bitcoin in Nigeria involves several steps, and the process can vary depending on the platform or method you choose. Here is a step-by-step guide on how to sell Bitcoin in Nigeria:

• Log into your account
• Click on “Trade Crypto” on the homepage
• Choose “Trade Crypto”
• Choose the type of crypto you want to sell (BTC in this case) and ‘continue’
• Enter the amount, and proceed to trade.

Earn Big on Dtunes as You Trade

If you didn’t know you could earn while you trade on Dtunes, well, now you know. You can refer your family and friends to Dtunes and earn a certain percentage when they trade their Bitcoin.

Go to Settings and share your referral tag, under “Refer and earn” to start earning today!

Conclusion

As the cryptocurrency market continues to evolve, it’s crucial for Nigerian traders to explore various platforms and alternatives to Paxful for buying and selling Bitcoin. Each of the ten alternatives mentioned in this article offers unique features and advantages, catering to the diverse needs of cryptocurrency enthusiasts in Nigeria. Whether you prefer a peer-to-peer experience like Dtunes, a global exchange like Binance, or a secure local platform like NairaEx, there is a suitable option for you to engage in Bitcoin trading with confidence. Remember to conduct your research and choose the platform that aligns best with your trading preferences and requirements. With the right platform, you can navigate the exciting world of cryptocurrency trading in Nigeria effectively and securely.