Since its inception in 2009, cryptocurrency has grown significantly in popularity and has gathered over 350 million users globally.
With the growth of digital currencies, the world has gone past only accepting payment in traditional fiat currency. It has opened up to businesses receiving payment for their goods and services in crypto.
HSB’s 2020 survey found that 36% of small-medium businesses in the US accept Bitcoin.
In this article, we’ll be looking at the best crypto payment gateway in Nigeria.
What Is a Crypto Payment Gateway?
A crypto payment gateway is a payment processor for cryptocurrencies. With a cryptocurrency gateway, you can accept digital payments and get fiat currency in exchange instantly.
You are able to offer more payment options through payment gateways, removing any uncertainty or reservations you might have regarding digital currencies.
Of course, it is not entirely essential to use crypto payment gateways. Using your personal crypto wallet to accept payment in digital currencies is fine.
Still, by using a cryptocurrency payment gateway, you do not have to worry about the stress of transactions and managing your wallet. Payment gateways assist in taking the stress off your hands and facilitating transactions.
The Best Crypto Payment Gateway In Nigeria
There are hundreds of payment gateways which facilitate cryptocurrency payments, but when searching for the best one to use for your business, you have to look deeper and select the one suitable for you, and one of the best digital currency payment gateways to use in Nigeria is Breet.
Breet is a cryptocurrency trading platform which allows users who need instant fiat payment to convert their crypto to cash and withdraw it directly to their local bank account, whether in Naira or Cedis, in less than five minutes.
The Breet API is made to be a simple starting point for developers who are working on apps that also allow digital currencies as a method of payment.
It is easy to integrate as Breet takes care of all payment processes from the checkout stage to settling payment. Because of this, business owners do not need to have a vast knowledge of cryptocurrency and do not need to worry about the price fluctuation of the crypto market. As a result, the API can be used for basic projects as well as medium-level integration projects.
With Breet, you can hop on the crypto buzz by conveniently accepting payments for your goods and services in digital currencies from anywhere in the world, convert it to fiat currency and withdraw it straight to your Naira or Cedis bank account instantly for no extra charges.
Unlike most other crypto trading applications, Breet is only concerned with providing users with a quick crypto-to-fiat settlement. If you are looking for a crypto trading platform to purchase and store your digital currencies, Breet is not for you.
Because Breet uses an over-the-counter (OTC) crypto trading method, third parties are not involved in transactions, and you get your fiat equivalent of your crypto based on market rates in a matter of minutes.
Features of Breet
1. Multiple Cryptocurrencies Available:
Breet supports digital currencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Tether and Bitcoin Cash. All these crypto coins have their unique crypto wallets available, with Tether having three USDT networks.
2. Easy-To-Navigate Dashboard:
As mentioned earlier, Breet is super easy to use, and its dashboard is also super simple to navigate as it has no technical requirements.
3. Instant Fiat Settlement:
Although the duration of the conversion of your crypto to fiat currency depends on the crypto coin and network fee, once your transaction is complete, the withdrawal to your local bank account provided takes place in less than five minutes.
4. 24/7 Technical Support:
The Breet support team is available for inquiries during and after the integration process. You can reach out to the support team at email@example.com or Call/Whatsapp at 08090569499.
5. Detailed Documentation:
Breet gives well-detailed documentation which provides you will all you need to start accepting payments in crypto.
How To Accept Crypto Payments With Breet
All the complicated crypto stuff is taken care of by Breet, so users generally do not need to worry about the complex red and green graphs. Below is a step-by-step process on how to accept crypto payments with your Breet account and Breet crypto wallets. We will be using Bitcoin for this explanation.
- Register/Login to your Breet account.
- On the dashboard, select BITCOIN.
- Generate a Bitcoin wallet address.
- Rates are shown on the Bitcoin wallet page, and there are different rates for various ranges of crypto in USD received in your wallet.
- Once crypto has been sent to your wallet, the Naira or Cedis value is added to your balance after adequate confirmations on the blockchain network.
After this, you can withdraw to your local bank account manually, or if AUTOMATIC SETTLEMENT is turned on, it is automatically withdrawn after every transaction.
Digital currencies have been around for 13 years and are taking the world by storm. With millions of owners across the globe, even businesses- small and large scale, have hopped on this buzz and have started to accept cryptocurrencies as an alternative payment method.
With crypto payment gateways such as Breet, crypto beginners do not need to worry about being left out, as Breet makes the payment flow from start to end as easy as possible.
Expand your business to new heights by accepting multiple payment methods, including cryptocurrencies, and you can get started in the simplest way and without any extra fees by using Breet.