It’s true that crypto moves fast. Yet, there is the uncertainty that comes with wanting to sell your crypto in Nigeria, especially when you urgently need money. This is why it is normal to be curious about exactly how long it takes to trade your crypto.
Follow this content closely to learn how long it takes to sell your crypto in Nigeria and how to choose the right approach to get your cash in hand quickly. Ready? Let’s dive right in!
KEY TAKEAWAYS:
- Selling crypto in Nigeria takes anywhere from 5 minutes to several hours, depending on your chosen platform and network conditions.
- Direct conversion apps like Koyn are the fastest option, typically completing transactions in just 5 to 15 minutes.
- P2P platforms take 15-30 minutes in ideal conditions, but can extend to over two hours if disputes occur.
- Popular cryptocurrencies like Bitcoin and USDT generally convert faster due to higher liquidity.
How Long Do I Have to Wait to Convert My Crypto to Naira?
Trading your crypto to Naira can take anywhere from 5 minutes to several hours. In reality, the actual time depends on factors like:
- The platform you use.
- The crypto network you are sending from.
- The time of day.
- How quickly confirmations occur.
A Closer Look at the Three Main Ways Nigerians Sell Crypto
When it comes to converting crypto, you generally have these three options:
- Peer to Peer Platforms
Peer-to-peer platforms connect you with individual buyers. Here, you list your crypto, agree on a rate, and wait for someone to accept your offer. Once matched, you send the crypto to escrow. When the buyer transfers Naira to your bank account, and you confirm payment, the crypto gets released.
How long does this take?
- Best-case scenario, 15 to 30 minutes.
- Average scenario, 30 minutes to 2 hours.
- Worst-case scenario, much longer if disputes arise.
- Centralized Exchanges (CEXs)
Centralized exchanges allow you to sell crypto on a trading interface by placing a market or limit order. Once the order fills, your crypto converts into a fiat balance. Then you withdraw to your Nigerian bank account.
How long does this take?
Selling the crypto often happens quickly if there is high liquidity, especially for popular coins like Bitcoin or USDT. In total, you may wait 30 minutes to a few hours with CEXs before seeing Naira in your account.
Read Also – Centralized Exchanges (CEXs) vs. Decentralized Exchanges (DEXs): Which is Right for You?
- Direct Conversion Apps
Instead of negotiating with buyers or placing market orders, direct conversion apps allow you to sell directly to the platform. Here is how it usually works:
- You select the crypto you want to sell.
- The app shows you the rate immediately.
- You send your crypto to the provided wallet address.
- The platform confirms the transaction, and you receive Naira in your bank account.
How long does this take?
Platforms like Koyn that focus specifically on fast crypto-to-Naira conversion take 5 to 15 minutes.
How To Sell Crypto Faster In Nigeria
To generally reduce your waiting time when selling crypto, you should:
- Choose a platform designed for speed
- Complete your verification early
- Double-check wallet addresses
- Avoid peak network congestion
Why Many Nigerians Prefer Direct Conversion Today
When you sell crypto and receive your money quickly, you feel secure and in control. Thankfully, direct conversion platforms meet this expectation by simplifying the process. Koyn especially stands out in this regard because it centers your experience around clarity and speed. Also, you know the selling rate upfront, making the whole process more predictable.
Conclusion
Selling crypto does not need to feel uncertain or slow. With the right platform and preparation, you can complete the process in minutes and move forward with confidence. If speed and clarity matter a lot to you when converting your crypto, then Koyn is an app worth trying.
FAQs
- How long does it take to sell crypto in Nigeria?
Selling crypto in Nigeria typically takes between 5 minutes to several hours, depending on the platform you use, the crypto network, transaction confirmations, and time of day.
- What is the fastest way to convert crypto to Naira?
Direct conversion apps like Koyn are the fastest way to convert crypto to Naira, typically completing transactions in 5 to 15 minutes.
- How long do P2P crypto transactions take in Nigeria?
P2P crypto transactions in Nigeria usually take 15 to 30 minutes in the best-case scenario, with average transactions completing in 30 minutes to 2 hours.
- Can I sell crypto and receive Naira in 5 minutes?
Yes, you can receive Naira in as little as 5 minutes when using direct conversion platforms, like Koyn, designed for speed.
- What is a direct conversion crypto app?
A direct conversion crypto app allows you to sell cryptocurrency directly to the platform itself rather than to other users.
References
- Nairacompare.ng – How to Cash Out Crypto to Your Bank Account in Nigeria (Quidax Guide)
- monica.cash – How to Sell Bitcoin in Nigeria and Get Naira in 2025
- quickchain.app – How to Sell Bitcoin in Nigeria
