Safely Sell Ethereum In Nigeria For Cash: As the popularity of cryptocurrencies continues to rise globally, Nigeria is not left out of the trend. The country has experienced an increase in the use of digital currencies, with Ethereum being one of the popular choices. However, selling Ethereum in Nigeria for cash can be tricky, especially for beginners. In this article, we will discuss how to safely sell Ethereum in Nigeria for quick cash, along with the basics of Ethereum, its use cases, and how it differs from Bitcoin.
What is Ethereum?
Ethereum is a blockchain-based decentralized platform that enables developers to build and deploy decentralized applications (Dapps) and smart contracts. It was created in 2015 by Vitalik Buterin, and since then, it has become the second-largest cryptocurrency by market capitalization after Bitcoin.
What is the Use Case of Ethereum?
Ethereum’s primary use case is to provide a platform for developers to create decentralized applications and smart contracts. Smart contracts are self-executing contracts that are coded to perform certain actions once specific conditions are met. They can be used to automate various functions such as voting systems, supply chain management, and digital identity verification, among others.
Ethereum’s platform allows developers to create their tokens and launch initial coin offerings (ICOs), which has become a popular fundraising method for startups. Additionally, Ethereum is used as a store of value and a means of payment, just like Bitcoin.
Safely Sell Ethereum in Nigeria for Cash
Selling Ethereum in Nigeria for cash can be done through several methods. However, it is essential to ensure that you do it safely to avoid being scammed or losing your coins.
The first step in selling Ethereum in Nigeria is to find a reputable platform that supports Ethereum. It is important to do your research and read reviews before choosing a platform to use, as there are scams out there.
So you don’t waste your time, we’ve taken the liberty of testing some of the available platforms out there and finding the right one for you.
Dtunes is a cryptocurrency and gift card trading platform that allows you to safely trade your gift cards and popular cryptocurrencies. This means that you can also sell even Ethereum for cash.
All you need to do is download the app by visiting the link www.dtunes.ng
If you are a returning user, to get access to this service, you need to update your app
Here are some steps to follow when selling Ethereum in Nigeria for cash:
The first thing you want to do is to download the Dtunes app either on the Google play store for Android or on the app store for iOS. Then create an account if you don’t have one. It is free and it takes less than 3 minutes to create
- Log into your account
- Click on “Trade Crypto” on the homepage
- Choose “Trade Crypto”
- Select the type of Crypto you want to sell (ETH in this case)
- Enter the Amount, and continue
The rate and the amount you’ll be receiving are displayed and if you’re okay with it, Sell and await payment.
It is essential to note that the price of Ethereum is volatile and can change quickly. Therefore, it is advisable to sell your coins when the price is favorable.
Ethereum Versus Bitcoin- Which is Better?
The question of whether Ethereum or Bitcoin is better is subjective and depends on individual preferences and use cases. Both cryptocurrencies have unique features that make them suitable for different purposes.
Bitcoin is the first and most popular cryptocurrency, with a fixed supply limit of 21 million coins. It was created as a means of payment and a store of value. Bitcoin’s primary use case is as a decentralized currency that enables fast and secure transactions without the need for intermediaries.
Ethereum, on the other hand, was created to enable developers to build decentralized applications (Dapps) and smart contracts. It has become the second-largest cryptocurrency by market capitalization and has a more flexible supply limit than Bitcoin.
One of the main differences between Ethereum and Bitcoin is their blockchains. Ethereum’s blockchain is more flexible and enables developers to build more complex applications than Bitcoin’s blockchain. Ethereum also processes transactions faster than Bitcoin and has a shorter block time.
Another significant difference between the two cryptocurrencies is their consensus algorithms. Bitcoin uses the proof-of-work (PoW) algorithm, while Ethereum is transitioning from PoW to proof-of-stake (PoS). PoS is more energy-efficient and less expensive than PoW and is expected to make Ethereum faster and more scalable in the long run.
In terms of market capitalization, Bitcoin has a much larger market cap than Ethereum. However, Ethereum’s market cap has been growing steadily and is expected to continue growing as more developers build on the Ethereum blockchain.
Ultimately, whether Ethereum or Bitcoin is better depends on the user’s needs and preferences. If you are looking for a decentralized currency for fast and secure transactions, Bitcoin may be the better choice. If you are interested in building decentralized applications and smart contracts, Ethereum is a clear choice.
Benefits of Trading On Dtunes
- Dtunes is a very safe, fast, and reliable platform.
- Payment is immediate.
- For a seamless experience, we have a mobile app that has a user-friendly interface
- Our rates are the best. Ask around.
Dtunes also has a trade reward system that rewards users that complete a trade on the platform. For example, if you rank 1st, you win 10,000, if you rank 2nd you win 8,000, and so on.
How to Buy Airtime, Data, and Electricity with Ethereum on Dtunes
Asides from converting your Ethereum to cash, you can also use it to pay some bills directly using the Dtunes app.
You can pay your TV and Electricity bill, and buy airtime and data, in the comfort of your house.
All you need to do is to sell your Ethereum for cash on Dtunes first, and then use the cash to pay your bill. It’s that simple!
How to Earn as You Trade on Dtunes
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.
Go to Settings and share your referral tag, under “Refer and earn” to start earning today!