Dogecoin (DOGE) is currently one of the popular cryptocurrencies in Nigeria. With almost half of Nigerians owning some type of crypto, it’s clear that digital currencies are here to stay.
However, figuring out how to sell Dogecoin in Nigeria may be tricky and challenging. With so many platforms and methods available, knowing which ones to use can be hard.
In this article, you’ll find six ways to sell Dogecoin in Nigeria legally and at the best rates. Whether you’re new to crypto or just looking for a better option, this guide will help you choose the method that works best. Let’s get right into it!
6 Trusted Ways to Sell Dogecoin in Nigeria
Here are 6 reliable and easy ways to sell Dogecoin in Nigeria:
- Breet
- P2P Platforms
- Fintech Apps Supporting Crypto (Dogecoin)
- Centralized Exchanges (CEXs)
- OTC Brokers and Crypto Agents
- Crypto Gift Card Platforms
Let’s break them down, shall we?
- Breet:
The Breet App is on the top of our list for reliable and hassle-free ways to sell Dogecoin in Nigeria.
Breet is a user-friendly platform designed for Nigerians and Ghanaians to convert cryptocurrencies like Dogecoin directly to Naira or Cedi effortlessly. It offers a straightforward process to swap DOGE for cash. You don’t need to trade or talk to anyone. Send your Dogecoin to the app and get Naira in your bank account in minutes.
One of the best things about Breet is the competitive real-time rates, which give you the best value for your Dogecoin. It is also 100% legal and secure, following KYC and AML requirements to keep the platform secure and scam-free.
- Peer-to-Peer (P2P) Platforms
P2P means peer-to-peer or person-to-person. P2P platforms like Binance and Paxful give you the option to sell Dogecoin directly to other individuals. You set your price, find a buyer, and receive payment.
Although this method can offer reasonable rates and is very flexible, it requires effort and caution. Why? You have to deal with the buyer manually and wait to confirm payment. You also need to watch out for fraudulent transactions. P2P is best for those familiar with crypto trading. However, if you want a more automated process, use other alternatives.
- Fintech Apps Supporting Crypto (Dogecoin)
Third on our list to sell Dogecoin in Nigeria is Fintech apps that support cryptocurrency, Dogecoin in this case. There are certain Fintech apps in Nigeria, such as Bundle, that have added support for some cryptocurrencies, including Dogecoin.
These apps let you buy, sell, and sometimes withdraw crypto directly from a bank account. It’s easy to use, but not all apps always support Dogecoin. Also, their rates and speed may vary. Before using any app, check if they currently support DOGE and compare their rates before selling.
- Centralised Exchanges (CEXs)
Major exchanges like Binance and KuCoin let you trade Dogecoin for other coins like Bitcoin or USDT. Then, you can convert those coins to naira by withdrawing or using P2P transfer.
These exchanges are safe, with tight security features and plenty of buyers and sellers. However, the process takes a few steps. First, you sell your DOGE for another coin. Then, you swap that coin for Naira. Centralised exchanges are reliable and give you more control over your trades, especially if you are already comfortable using crypto exchanges.
- OTC Brokers and Crypto Agents
Over-the-counter (OTC) brokers and crypto agents make it easy to buy and sell cryptocurrency directly. In Nigeria, some of them operate legally and can help you sell your Dogecoin and get paid fast.
However, not all of them are trustworthy. Some may offer poor rates or even try to scam you. That’s why you must be careful especially if you’re selling large amounts of Dogecoin.
Only use agents or brokers who are well-known, verified, and have a good reputation. Always do your research before making any transaction.
- Crypto Gift Card Platforms
Last but certainly not least on our list is using crypto gift card platforms to sell your Dogecoin. Some websites let you trade your DOGE for gift cards, which you sell for Naira.
This is not a direct method, but it works especially if you are familiar with trading gift cards. However, you should know that rates vary according to different platforms, and the process can be longer than other alternatives on this list. Still, it is a feasible option for selling DOGE for Naira.
Common Mistakes to Avoid When Selling Dogecoin
If you are new to the crypto space, here are common mistakes you should avoid when selling Dogecoin:
- Ignoring the market rate: Always check the current Dogecoin-to-naira rate before making a move.
- Using unverified platforms or random buyers: This can easily lead to scams. Stick with trusted names like Breet.
- Not double-checking wallet addresses: One small mistake can cost you your coins. Always confirm details.
- Expecting unrealistic profits: Crypto can be unpredictable. Don’t hold out for impossible gains and know when to take your win.
Conclusion
Selling Dogecoin in Nigeria doesn’t have to be complicated. It can be, in fact, very easy if you know where to look. Whether you choose a P2P platform, a trusted app like Breet, a major exchange like Binance P2P or even a crypto agent, always focus on safety, speed, and legal options.
If you want to skip the stress and simply move Dogecoin to your bank account in Nigeria as Naira, Breet is a great option for crypto to cash exchange: no trading, no haggling, no delay, just smooth sailing all the way.
[Disclaimer: This article does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk]
