How to withdrew bitcoin to Nigerian Bank Account
This is great time to teach this to many people that find it difficult to withdraw their hard earn bitcoin direct to their local bank account directly without going through any exchanger like instant gold, naira4dollar, etc.
Let me keep it simple, I find LUNO(formally BitX) bitcoin wallet as my favorite wallet for my withdrawal because it is safe and is directly connected to my Nigerian bank. Also all bitcoin is shown in naira equivalence instead of the normal USD others have.
Now simply send all your bitcoin from other wallets to LUNO and press a button to withdraw to your bank, withdrawal request is process within 6hous.
Also you can deposit money from the same bank or any bank account using your ATM card to LUNO wallet instantly on there website.
When registering on LUNO, ensure that you use your real name as it appears on the bank account you with to link to LUNO.
To withdraw Bitcoin into you bank account, go to the home screen, click on "More" under you BTC balance.
You will see options. Click on "Instant Sell". Enter the amount you want to sell in Naira or in BTC, confirm the amount and proceed.
Also to fund your account, on the NGN wallet, click on "Fund", then click on PayU and proceed to deposit with your ATM card.
To deposit or withdraw from LUNO, you must first verify your LUNO Account using anyone of these: National ID card, Voters card, Driving license or International passport.
If you try depositing money on LUNO without first verifying your account, your money might never reflect on your LUNO Wallet.
LUNO is 100% safe and registered with Nigeria financial institutions. They have accounts with several banks, and they are multinational financial company.
They have there application on Play Store and Apple Store, but I prefers the Website version because of its features and easier navigation.
Things you can do on LUNO:
- Fund your wallet direct from your bank account.
- Withdraw into your back account.
- Buy Bitcoin.
- Sell Bitcoin.
- Transfer Bitcoin to another wallet address free.
- Trade Bitcoin ( Exchange with other traders)
All withdrawals on LUNO attract a processing fee of 100 naira only. Maximum withdrawal/ deposit on LUNO is N200,000 (all time), for first level verified users, for second level verified users, the maximum is N500,000 monthly.
If you experience any difficulty during registration or verification, feel free to contact me for free assistance.
on www.mynationnews.com
Note: I do not work with LUNO neither did I received money from them to promote their business. I am doing this to help people fund the Bitcoin wallet easily without spending on exchangers and also not to fall victims to fraudsters. I have been using LUNO for a very long time and they are reliable.
That cool, lot of people need this information...lol