NGNSelling bitcoin to another person is often the fastest way to get naira straight into your bank account. On Peerlyx the buyer can’t receive your BTC until you confirm the payment.
Before you sell
- Turn on two-factor authentication.
- Deposit BTC to your Peerlyx wallet, or keep some there.
- Save your bank, OPay or PalmPay details in Account settings › Payment accounts so buyers see them in the trade.
Sell in 4 steps
- Find a buyer. Open P2P Trade, choose Sell, BTC and NGN, and compare prices and limits. Or post your own sell offer: you can from Level 1, within your lifetime limit.
- Start the trade. Your bitcoin for the trade is locked in escrow.
- Wait for the payment. The buyer sends naira and taps “I’ve paid”.
- Check, then release. Open your own banking app, check the amount and the sender’s name, then release with your password and authenticator code.
What to check before you release
- The money is really in your account, not just a screenshot, a debit alert forwarded to you or an SMS.
- The amount is exact. Not more, not less.
- The payment has fully arrived, not pending or on hold.
Avoid these traps
- A buyer who asks you to release first because they’re “in a hurry”
- Requests to “refund the extra” after an overpayment
- Anyone asking to continue on WhatsApp or Telegram
If anything feels wrong, don’t release and open a dispute. Your bitcoin stays in escrow while support reviews it. Read 7 P2P scams and how escrow stops each one.
Bank transfer, OPay or PalmPay?
Buyers in Nigeria pay by bank transfer and mobile wallets like OPay and PalmPay. Whichever you accept, make sure your details are saved in Payment accounts and that you can check incoming payments quickly, so trades finish fast.
Pricing your bitcoin
If you post an offer, compare it with other BTC to naira offers on P2P Trade. The price in your offer is fixed until you change it, and bitcoin’s price moves through the day, so review your offer regularly.
After the trade
The naira is in your account and the bitcoin is with the buyer. The trade then appears in your trade history, and you can leave feedback for the buyer. Good feedback helps you both find trusted partners next time.
Start selling
See live buyers on Sell bitcoin in Nigeria.
