The Ultimate Guide to Selling Ripple (XRP) in Nigeria

Cryptocurrency has become increasingly popular in Nigeria, and Ripple (XRP) is no exception. Whether you’ve held XRP for a while or recently received some, knowing how to sell XRP in Nigeria is essential when you want to convert it to Naira (NGN).

This guide will walk you through the process, including trusted platforms, step-by-step instructions, and tips to help you sell safely and get the best value for your XRP.

What is XRP?

Ripple (XRP) is a digital currency used for fast and low-cost international money transfers. It’s known for its scalability and speed, making it a favorite among crypto enthusiasts and investors alike.

Now, let’s dive into how you can convert your XRP into cash in Nigeria.

Ways to Sell XRP in Nigeria

There are two main ways to sell XRP in Nigeria:

Centralized Exchanges (CEX): Centralized exchanges allow you to trade XRP for NGN through a simple interface.
Peer-to-Peer (P2P) Platforms: P2P platforms connect you directly with buyers. You agree on a rate and payment method, and the platform usually holds the crypto in escrow until the transaction is completed.

Why Sell XRP in Nigeria?

XRP (Ripple) remains one of the top cryptocurrencies globally due to its fast transaction speed and low fees. Many Nigerians invest in XRP for profit, remittances, or as a hedge against inflation. When it’s time to cash out, selling XRP to NGN becomes a priority. But not all platforms offer good rates, fast payouts, or even support for XRP.

Step-by-Step Guide on How to Sell XRP in Nigeria

Create an account on a crypto exchange. Cubex is one of the best crypto app for selling XRP in Nigeria.
Verify your identity (KYC) by uploading your ID and completing security steps.
Deposit your XRP into your wallet on the platform.
Go to the “Sell” section and choose NGN as your withdrawal currency.
Select the amount of XRP you want to sell.
Choose a buyer or market order, depending on the platform.
Confirm the transaction, and once completed, withdraw NGN to your Nigerian bank .

Tip: Before finalizing your transaction, compare exchange rates across different platforms to ensure you’re getting the best deal when converting XRP to Naira.

Best Crypto Apps to Sell XRP in Nigeria

As mentioned, choosing the right platform is crucial for a smooth experience when selling Ripple (XRP) in Nigeria. Here are some of the best crypto apps and exchanges to consider:

Cubex: Known for its low fees and a wide range of payment options, Cubex is a great choice for selling XRP in Nigeria. The Cubex App also provides advanced features for users to store XRP, convert XRP and use it to pay for bills.
Luno: Luno is an easy-to-use platform with a clean interface. It’s perfect for beginners looking to convert XRP to Naira without confusion. The platform also offers educational resources to help users understand the basics of crypto trading.
Remitano: This P2P platform offers a secure environment for buying and selling XRP. It also supports Naira withdrawals and has a good reputation for protecting users during transactions.

Tips for Selling XRP Safely

Use trusted platforms with good user reviews.
Enable 2FA (Two-Factor Authentication) on your exchange account.
If using P2P, only confirm payment after verifying you’ve received the funds.

How To Sell Ripple (XRP) with CubEx

Selling Ripple (XRP) doesn’t have to be a complicated process. With CubEx, it becomes a straightforward process that can be completed in just a few steps. Here’s how you can get started:

Step 1: Download the CubEx app

First, Visit Google Play Store or App Store on your phone and search for the CubEx app. It’s available for both iOS and Android devices. Download and install the app to begin your crypto trading journey.

Step 2: Create a CubEx account

Once you’ve downloaded the app, open it, and create a new account. You’ll need to enter some basic information to get started.

Step 3: Verify your identity and connect your bank account

To ensure secure transactions, you’ll need to verify your identity. Follow the instructions on the app to upload the necessary documents. After verification, connect your bank account to enable you to receive your funds once your XRP is sold.

Step 4: Choose the amount of XRP you wish to sell

Now, it’s time to sell your XRP. Enter the amount you want to sell in the app. The interface makes it easy to see the current exchange rate and how much you’ll receive.

Step 5: Enter the specified XRP address you wish to send to

Next, you’ll need to enter the XRP address where the Ripple (XRP) will be sent. Double-check this address to ensure it is correct, as crypto transactions cannot be reversed once completed.

Step 6: Confirm the transaction

Finally, review all the details of your transaction. Once you’re sure everything is correct, confirm the transaction. CubEx will process your request. And in few minutes, your funds will be sent to your bank account.

Conclusion

Selling Ripple (XRP) in Nigeria is easier than ever thanks to reliable local exchanges and P2P platforms. Whether you prefer centralized platforms like Cubex and Luno or P2P options like Remitano, you have several trusted ways to convert your XRP to NGN.

Just remember to follow best practices for safety and security and you’ll be able to sell XRP with confidence.