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Sell BTC for naira

Send BTC from any wallet or exchange. Sell it when it lands or hold it for later, then withdraw naira to any Nigerian bank in 5 to 10 minutes.

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How to sell BTC
for naira

Copy your BTC deposit address in the Swapto app, send Bitcoin on the Bitcoin network, and wait for the network to confirm it. Sell automatically on arrival or manually later, then withdraw naira to any Nigerian bank in 5 to 10 minutes.

Copy your BTC address

Copy your BTC address

Open the Swapto app and copy your Bitcoin deposit address. Send only BTC to it, on the Bitcoin network.

Check the address

Check the address

Bitcoin addresses start with 1, 3 or bc1. Paste the address rather than typing it, and check the first and last few characters before you send.

Set the network fee

Set the network fee

Your sending wallet charges the Bitcoin network fee in BTC. A higher fee gets your transfer picked up faster when the network is busy.

How long it takes

How long it takes

Network confirmation: Bitcoin blocks arrive roughly every 10 minutes, so most transfers confirm within the hour depending on traffic and the fee you set.

Who sells BTC on Swapto

Freelancers paid by foreign clients

Freelancers paid by foreign clients

Families receiving money from abroad

Families receiving money from abroad

Traders taking profit

Traders taking profit

Frequently Asked
Questions

Once the Bitcoin network confirms your transaction, usually within 10 to 20 minutes, you can sell it for naira, and the naira lands in your Nigerian bank account 5 to 10 minutes after you sell.

Sending very small amounts may not be worthwhile, because the network fee charged by your sending wallet can take up a large share of the value. Unverified accounts are capped at ₦500,000 cumulative trade volume.

Swapto pulls live BTC/USD pricing from major exchanges and applies the current USD/NGN parallel market rate. The rate you see in the app when you initiate a sell is the exact rate that gets applied. You can also check the live rate calculator on the homepage before selling.

Every major Nigerian bank works, including GTBank, Access, UBA, Zenith, First Bank, Fidelity, Sterling, Union, Wema, and Ecobank. Digital banks such as Opay, PalmPay, Kuda, Moniepoint, VBank, and FairMoney are also supported. If the bank accepts NIBSS instant transfer, Swapto can pay it.

Yes. The CBN lifted its restriction on banks serving crypto businesses in December 2023, and the Investments and Securities Act 2025 brings digital assets under SEC oversight. Swapto operates within this framework through a licensed partner.

Yes. You need to complete BVN verification to unlock unlimited trade volume. This takes about 5 minutes inside the app under Profile and Verification. Unverified accounts can only trade up to ₦500,000 cumulatively. Verification is a Nigerian regulatory requirement.

Before you confirm a sale, the app shows the exact naira amount you will receive. Network fees charged by your sending wallet are separate and are paid to the network.

Generally, no. Naira deposits from Swapto come from our corporate bank account, so they appear as routine business disbursements. This differs from P2P transactions where funds may come from accounts later flagged for fraud. For single deposits above ₦5 million, Nigerian banks may request source-of-funds documentation as part of standard AML procedures.

Swapto supports Bitcoin on the native BTC network only. Do not send Bitcoin from Binance Smart Chain, such as BEP-20 BTCB, or any wrapped Bitcoin variant to your Swapto BTC wallet, as these are different assets on different networks. The app shows the correct network next to every deposit address.

Sending Bitcoin on the wrong network may result in permanent loss of your funds. The Swapto BTC address only accepts native Bitcoin. If you accidentally send wrapped BTC or BEP-20 BTCB, contact Swapto support on WhatsApp at +234 811 337 2579 within 24 hours and provide your transaction hash. Recovery is rare but may be possible in some cases.

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Freedom feels even better when it pays you back and you keep more of your money.

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Download the app
Download on the App Store
Get it on Google Play