Top 9 Crypto to Fiat Exchanges (2025)

Using the perfect crypto to fiat exchange is a top tier feeling.

Great rates? Check. Transaction speed? Check. Security? Double check.

With more Nigerians trading crypto than ever before, the need for reliable and fast exchanges to convert crypto to fiat has never been greater.

Whether you’re cashing out profits, sending money to loved ones, or just paying for everyday expenses, finding the right platform can make all the difference.

But let’s be real, not all exchanges are built with Nigerians in mind. Some have hidden fees, slow transactions, or outright poor customer support. That’s why we’ve done the work for you.

In this guide, we’ll walk you through the top 9 crypto to fiat exchanges.

These platforms that are trusted, efficient, and actually work well for everybody.

What Are Crypto-to-Fiat Exchanges?

Crypto-to-fiat exchanges are platforms that help you turn your cryptocurrency into real cash. In simple terms, they let you sell coins like Bitcoin or USDT and get naira (or any other local currency) in return.

Think of it like this: You have Bitcoin, and you want to pay your rent in naira. A crypto to fiat exchange helps you sell that Bitcoin and transfer the money straight to your Nigerian bank account.

For example, with an app like Breet, you can send your Bitcoin to your Breet wallet, and it automatically converts it to naira. Then, you withdraw the money to your bank, just like a regular money transfer.

These exchanges make it easy to spend your crypto in real life; whether it’s for bills, shopping, or emergencies.

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Top 9 Crypto to Fiat Exchanges 

1. Breet
2. Binance P2P
3. Paxful
4. KuCoin P2P
5. Quidax
6. Luno
7. Busha
8. Yellow Card
9. Prestmit

1. Breet

Breet stands out as the number one crypto to fiat exchange for Nigeria and Ghanaina users, and for good reason. It’s fast, super easy to use, and built specifically for Nigerians who want to instantly convert crypto to cash (for example, to sell Bitcoin) without dealing with complicated charts or peer-to-peer trades.

With Breet, you don’t need to wait for a buyer. Just send your Bitcoin, USDT, or other supported coins to your Breet wallet, and it automatically converts to naira. You can then withdraw straight to your bank account in minutes. No stress, no delays.

It’s perfect for beginners and busy people who just want a smooth, reliable way to cash out crypto. That’s why so many Nigerians trust Breet, and why it takes the top spot on this list.

Pros:

• Best rated Crypto to cash app on play store in Nigeria (4.5 stars)
• Competitive rates
• Transactions take 287 seconds or less
• 24/7 customer support
• Over 250, 000 verified users

Step-by-Step: How to Convert Crypto to Naira Using Breet

Converting your crypto to naira with Breet is super easy. Here’s how to do it in just a few steps:

Step 1: Download and Sign Up

Go to the Breet website or download the app from the Play Store or App Store. Create an account using your email and set a secure password.

Step 2: Verify Your Account

Complete a quick KYC (Know Your Customer) process by submitting basic details. This keeps your account secure and enables withdrawals.

Step 3: Select the Crypto You Want to Sell

From your dashboard, choose the cryptocurrency you want to convert (e.g. Bitcoin, USDT, Litecoin).

Step 4: Send the Crypto to Your Breet Wallet

Breet will show you a unique wallet address. Copy it and send your crypto to that address. Once the transfer is confirmed, Breet automatically converts it to naira, no need to find a buyer.

Step 5: Withdraw Your Naira

Click on “Withdraw” and enter your Nigerian bank details. Your cash is usually sent within 287 seconds.

2. Binance P2P

Binance P2P is one of the most used platforms to convert crypto to fiat in Nigeria.

It connects buyers and sellers directly, allowing users to trade crypto like Bitcoin or USDT for naira using local payment methods. Because it’s part of the global Binance exchange, it offers strong security, lots of liquidity, and competitive rates.

Many Nigerians like Binance P2P because they can choose their own rates and payment options.

It also supports a wide range of cryptocurrencies, which makes it flexible for traders.

But there are a few downsides to keep in mind:

• Scam risk: Since it’s peer-to-peer, there’s always a risk of dealing with dishonest users if you’re not careful.
• Delayed transactions: Some sellers or buyers take time to release crypto or payments, which can be frustrating.
• Not beginner-friendly: The interface and process can be confusing for first-time users or people unfamiliar with trading.

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3. Paxful

Paxful has been one of the go-to crypto to fiat exchange for peer-to-peer crypto trading for years.

It allows users to buy and sell Bitcoin and USDT directly with other people using over 300 payment methods, including bank transfers, gift cards, and mobile money.

Nigerians like Paxful for its flexibility and wide range of payment options.

Whether you’re selling crypto for naira or buying with unused gift cards, Paxful gives you a lot of choices. The platform also has an escrow system to help protect buyers and sellers during trades.

However, as with most P2P platforms, there are a few things to watch out for:

• Scammers and fake buyers/sellers can still slip through if you’re not careful.
• Trading fees can be higher than expected, especially for gift card transactions.
• Disputes can take time to resolve, especially if there’s a disagreement during the trade.

4. KuCoin

KuCoin P2P is becoming a popular choice in Nigeria for converting crypto to fiat. Like Binance and Paxful, it uses a peer-to-peer system that lets users trade directly with one another.

You can buy or sell Bitcoin, USDT, and other major coins using local bank transfers and other payment options.

One of KuCoin’s biggest strengths is its clean, easy-to-use platform, and the fact that it doesn’t charge trading fees on P2P trades. It’s also backed by one of the world’s top crypto exchanges, so you get a good level of security and support.

As with most P2P platforms, it has its challenges:

• Limited number of Nigerian traders, so you might not always find the best rates or offers.
• No automatic conversion, which means you need to manually manage your trades.
• Slower customer support, especially during disputes or trade issues.

5. Quidax

Quidax is one of the few Nigerian exchanges that’s fully built for locals, offering a simple way to buy, sell, and convert crypto to fiat.

It’s also the first crypto platform in Nigeria to receive a provisional license from the Securities and Exchange Commission (SEC), which adds a layer of trust for users.

The platform supports major cryptocurrencies and allows instant naira withdrawals to your bank account. Its user interface is beginner-friendly, and transactions are usually smooth and quick.

However, there are a few downsides to be aware of:

• Only supports naira, you can’t trade in USD or other currencies.
• Some fees may feel hidden or unclear, especially during conversions.
• Customer support can be slow, with occasional delays in resolving issues.

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7. Luno

Luno is one of the earliest crypto to fiat exchanges to serve Nigerians, and it’s known for its clean interface and easy naira deposits.

Many first-time users find it convenient for buying and selling Bitcoin and Ethereum directly with their bank accounts.

However, despite its simplicity, Luno comes with a few notable downsides:

• High fees and poor rates: The instant buy/sell feature can charge up to 2%, and exchange rates are often less favorable.
• Limited coin options: Only a small number of cryptocurrencies are supported, which can be restricting for users.
• Customer support issues: Users have reported slow or unhelpful responses when dealing with account or transaction problems.

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8. Yellow Card

Yellow Card is a user-friendly crypto to fiat exchange that lets Nigerians buy, sell, and store crypto using their local currency. It supports major coins like Bitcoin, USDT, and Ethereum, and allows direct naira deposits and withdrawals through bank transfers.

The app is beginner-focused, and it’s especially popular for its straightforward design and ease of use, no trading experience required.

However, there are a few downsides to note:

• Limited coin selection: Only a few major cryptocurrencies are available.
• Occasional delays in withdrawals: Some users have reported slow bank transfers during peak periods.
• Verification can take time: Account verification is required before you can trade, and the process can be slow or frustrating for some.

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9. Prestmit

Prestmit is a growing platform that lets Nigerians easily convert crypto to fiat. It supports popular coins like Bitcoin, USDT, and Litecoin, and also allows users to sell gift cards, making it a flexible option for those who earn or receive crypto in different ways.

The platform is built for simplicity and speed, with naira payouts typically completed in minutes to local bank accounts.

However, there are a few things to consider:

• Limited crypto support: Only a few major coins are supported.
• No advanced trading features: It’s strictly a conversion platform, not suitable for active trading.
• Rates can vary: Exchange rates may not always be as competitive as larger exchanges.

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Safety Tips When Using Crypto-to-Fiat Exchanges

Using crypto-to-fiat exchanges can be quick and convenient, but staying safe is important. Here are some smart tips to protect yourself:

1. Use trusted platforms only

To convert crypto to fiat, crypto to fiat to well-known and reputable exchanges like Breet, Binance, or Quidax. Avoid random websites or apps that promise unrealistic rates.

2. Double-check wallet addresses

Before sending crypto, always make sure the wallet address is correct. One small mistake can lead to a loss of funds.

3. Avoid public Wi-Fi

When doing transactions, use a secure internet connection. Public Wi-Fi can expose you to hackers.

4. Enable two-factor authentication (2FA)

Most legit platforms offer 2FA for extra security. Turn it on to protect your account from unauthorized access.

5. Don’t share login details

No trusted exchange will ask for your password or OTP. Keep that information private at all times.

6. Be careful on P2P platforms

If you’re using a crypto to fiat exchange that is peer-to-peer like Paxful or Binance P2P, always wait for the payment confirmation before releasing crypto. Use escrow-protected trades only.

7. Check reviews and support options

Before using any new exchange, read user reviews and make sure there’s responsive customer support in case anything goes wrong.

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Frequently Asked Questions on Crypto to Fiat Exchanges

Can you convert crypto to fiat?

Yes, you can convert crypto to fiat currency using trusted crypto exchanges and apps. These platforms allow you to sell cryptocurrencies like Bitcoin or USDT and receive cash in your local currency, such as naira or USD. In Nigeria, popular options include Breet, Binance P2P, and Quidax.

What is the best crypto exchange to deposit fiat currency?

The best crypto exchange for depositing fiat depends on your region and preferred currency. In Nigeria, Breet offers a fast and simple way to deposit naira and receive crypto instantly. Globally, exchanges like Binance, Kraken, and Coinbase also support fiat deposits via bank transfers, debit cards, and other methods.

What is the best app to convert crypto to fiat?

Breet is one of the best apps to convert crypto to fiat, especially in Nigeria. It automatically converts Bitcoin, USDT, and other coins to naira with no need for trading or finding buyers. Other popular apps include Yellow Card and Prestmit, depending on your location and preferred coin.

Where can I withdraw crypto to fiat?

You can withdraw crypto to fiat through platforms like Breet, Paxful, Binance P2P, and KuCoin P2P. These services allow you to sell your crypto and receive fiat currency directly in your bank account, often within minutes. Choose a platform that supports your country’s currency and offers reliable withdrawal options.