Want to convert Bitcoin for Naira in 2025? Youā€™re not alone. According to Chainalysis, Nigeria processed $59 billion in crypto transactions between July 2023 and June 2024.

This number is poised to increase in 2025, as more Nigerians than ever use cryptocurrencies for remittances, payments, and savingsā€”making it crucial to know the fastest and safest ways to convert BTC to Naira.

Whether you’re a trader, freelancer, or someone receiving crypto from abroad, this guide breaks down the top three ways to sell Bitcoin for Naira in 2025ā€”fast, easy, and hassle-free.

3 Most Popular Ways To Convert Bitcoin To Naira In 2025

Here are the 3 most popular ways to convert Bitcoin to Naira in 2025 without breaking the CBN crypto rules:

With more than five years of experience in the crypto space as a trader and a crypto vendor, I will be taking you through three fast and easy ways to sell Bitcoin in Nigeria safely, with the best Bitcoin to Naira exchange rates you can find. Using any of the methods listed below will give you an easy way to exchange Bitcoin to Naira easily and safely in Nigeria.

Peer-to-peer (P2P) Trading

This is one of the popular ways to exchange Bitcoin for Naira in 2025. After Nigeria’s stand on cryptocurrency trading, restrictions were put in place, and many exchanges had to introduce P2P to enable cryptocurrency exchange.

How P2P works

An easy way to access P2P on most exchanges is to click on the add funds or deposit option. Many deposit methods will appear, so select P2P from the options.

In some exchanges, like Binance, Bybit, and Bitget, you have to transfer Bitcoin from your spot account to your funding account. This is absolutely free and does not require a gas fee.

Once P2P is selected, select sell, and a list of vendors will appear. Look for a vendor that is online and also has a huge number of successful trades. Type in the amount of BTC you want to exchange, and the equivalent will be shown in Naira to show how much you are getting for that amount of BTC. Click on continue and proceed.

When you do that, the amount of BTC entered will be locked, and you and the vendor will have no access to it.Ā 

All you need to do now is wait for payment from the vendor. Once payment is confirmed, you must click on the release coin button, and the locked BTC will be released to the vendor.Ā 

I know many ask if P2P is safe. I can honestly tell you that it is safe, but if youā€™ve not used P2P before, you could try other alternativesā€”Breet, as mentioned in this articleā€”as some sellers are looking to scam and frustrate users. You can also check out our article on how to avoid P2P scams.

OTC Trading (Breet)

This is an easy-to-handle, over-the-counter cryptocurrency exchange platform that allows users to buy and sell different cryptocurrencies, including Bitcoin, for local currency like the Naira.Ā 

Breet

How to Use OTC (Breet)

  1. Visit the Breet official website.
  2. Click on the ā€œGet Startedā€ button at the top right corner to sign up on Breet.
  3. Head to the bottom of your dashboard and tap on SettingsĀ 
  4. Tap on Identity Verification
  5. Complete the identity and verification process by providing the correct information to all stated on the page. Completing your KYC process will not only give you a layer of protection but also ensure that you have a smooth transaction.
  6. Deposit BTC to the Bitcoin account that was automatically generated for you by Breet.
  7. Copy the unique Bitcoin address you’re selling to and transfer your BTC from your private wallet to the exchange wallet in preparation for the sale.
  8. The transaction will be finalized in minutes, and once confirmed by blockchain, your funds will be reflected in Naira or Cedis, making it easier to withdraw to your local bank account.
  9. As it is your first time withdrawing, you must add your bank details and currency type.
  10. Withdraw the funds to your local bank account, and youā€™ve successfully converted your Bitcoin to Naira.

You can also download the Breet App on your iOS or Android devices and complete this from a simple, intuitive interface.Ā 

Crypto Exchanges

Numerous crypto exchanges exist, such as Bybit, Bidget, Luno, and others. These exchanges make converting Bitcoin and other cryptocurrencies to naira and any other local currency easy and stress-free. Exchanging your Bitcoin could never be easier. Just follow the steps listed below.

How to Use Crypto Exchanges

  1. Enter your Google Play Store or App Store and download any top exchange.
  2. Register and verify your identity using your ID card.Ā 
  3. Deposit your Bitcoin to the exchangeā€™s BTC wallet address.
  4. Go to the ā€œSellā€ or ā€œTradeā€ section and select BTC/NGN as the trading pair.Ā 
  5. Select ā€œMarket Orderā€ to sell instantly at the current price and confirm the sale.Ā 
  6. The Naira will be transferred to your wallet and available for withdrawal.

All you need to do now is go to the withdrawal section and enter your bank details to credit the funds to your local account.

Breet enables users to securely convert and withdraw their crypto coin to cash money in less than five(5) minutes without the use of peer-to-peer trading or any third-party agent.

 

Frequently Asked Questions (FAQs) About How to Convert Bitcoin To Naira

What documents do I need for KYC verification?

For your KYC verification on any Nigerian cryptocurrency exchange platform, including Breet, you would need proof of identity or a Government-issued photo ID such as your Passport, National ID, or driver’s license. Additionally, proof of address, such as your utility bill, residential agreement, or bank statement, will be required to verify your residential location and identity. However, the verification processes may vary from platform to platform.

How long does conversion usually take on Breet?Ā 

Breet conversions usually take anywhere from 5 to 15 minutes, based on factors like network delays and the specifics of the transaction. The process is usually quick and smooth.

Is converting Bitcoin to Naira on P2P platforms secure?

Yes, it is, as long as you stay within the boundary of reputed platforms with good user safety features and strong measures. Always check the buyer or sellerā€™s reputation and leverage the escrow service to safeguard against fraud.

Conclusion

Cryptocurrency exchanges, Peer-to-Peer (P2P) transactions, and Over-the-Counter (OTC) services are the most used methods of converting Bitcoin to Naira in 2025. Binance and Luno, for instance, have crypto exchanges that may be a bit more straightforward; their fees, however, could be higher. P2Ps, in contrast, offer users the ability to trade with other users directly and tend to charge lower fees, though the risks may be greater.Ā 

Nevertheless, Breet, an OTC service, stands out for offering the best rates alongside heightened security and convenience. If you have yet to try the easy-to-use platform, why not use it during your next Bitcoin conversion to Naira and experience a seamless, secure transaction? Happy trading!