How To Sell Dogecoin in Nigeria Easily: 4 Step-by-Step Guide.

Dogecoin (DOGE) started as a meme but has grown into a major cryptocurrency with millions of users worldwide. Known for its fast transactions and low fees, it’s commonly used for tipping, online payments, and trading. By 2023, it ranked among the top cryptocurrencies by market cap. However, the real question is how to sell Dogecoin in Nigeria easily.

Well, the answer is here. If you are in Nigeria and want to convert your Dogecoin to Naira, there are several reliable options available. This guide outlines the best ways to cash out using Ridima, enabling you to maximize the value of your DOGE.

4 Effective Methods to Sell Dogecoin in Nigeria

Here are the four effective methods to sell Dogecoin in Nigeria;

Using the Ridima App

The Ridima App is the best trading App to sell your Dogecoin for Naira. Why the Ridima App? There are several reasons to use the Ridima App to convert your Dogecoin into Naira. Notable ones include;

Reliability: Welcome to the best trading platform in Nigeria. With Ridima, you can be assured that you can sell your crypto at any time and receive your money as soon as possible, without any delay. Ridima is the best thing to happen to crypto traders in Nigeria.
Fast transactions: At Ridima, time is money. Hence, transactions are completed within 2 – 5 minutes. Once your transaction is confirmed, you will get your money immediately. No delay, no stress, ahead ahead.
High rates: What’s sweeter than having high rates for your cryptocurrency transactions? Ridima offers the highest rates for selling Dogecoin and other cryptocurrencies in Nigeria. We recommend downloading the app now and giving it a try.
Easy to use: Another reason to love the Ridima app is that it is easy to use. It does not matter if you are tech-savvy or not; you can easily sell using the App in simple steps.
24/7 Assistance: If you have any difficulty or challenge, know that Ridima has your back. The platform offers strong customer service, providing immediate support to all users. They are readily available around the clock. Reach out anytime you need their help to resolve a challenge.
Optimum security: As the leading trading app in Nigeria, Ridima has a high level of security. All your transactions are safe and secure.

Using Cryptocurrency Exchanges

You can also use crypto exchanges like Binance and Luno to trade your Dogecoin for Naira. These crypto exchanges are safe and secure with a wide user base. See how to get started.

Create an account and fulfil the verification processes.
Send your Dogecoin to the exchange’s wallet.
Create a sell order to set the amount of Dogecoin you want to sell. You also include the price you are willing to accept.
Once a matched interest is found for the sell order, you will receive Naira in your wallet, and you can transfer it to your bank account.

Peer-to-Peer (P2P) Trading

There are peer-to-peer platforms where sellers can connect directly with buyers. You can sell your Dogecoin for Naira by choosing a buyer and agreeing on the price.

Here’s how it works:

Put your Dogecoin up for sale.
You can choose a buyer from the marketplace.
Fix a price and send it to your Dogecoin to an escrow wallet.
The buyer will send the payment into your mobile wallet and bank account.
You can send your Dogecoin once you confirm the payment.

While the transaction speed depends on the buyer, trust is also a big concern when using this approach.

Crypto Brokers

Crypto brokers or traders are individuals or companies that facilitate conversions between cryptocurrencies and fiat currencies for a fee. This method is suitable for those who want a hassle-free transaction without having to navigate trading platforms.

Here are the steps involved in converting DOGE to cash through a broker:

Contact a trusted crypto broker.
Share the amount of Dogecoin you wish to sell.
The broker provides a rate and payment details.
Transfer your Dogecoin to their wallet and receive Naira in your bank account.

This method is convenient and straightforward, but the fees may be higher compared to crypto exchanges. Additionally, ensure you are dealing with a trusted broker to avoid being scammed.

How to Convert Dogecoin to Cash with Ridima

Learn the easy steps you need to follow to sell Dogecoin on the Ridima App.

Download the Ridima App from the App Store or the Play Store.
Open the Ridima App.
Go to the menu on the app.
Click on the Trade Digital Assets button.
Click on Sell and indicate the cryptocurrency you want to exchange.
In this case, choose Dogecoin as the cryptocurrency.
Generate your permanent wallet address (This is a one-time action for all future actions).
View the current exchange rate to know the worth of your Dogecoin.
Confirm if you are satisfied with the rate.
Upon satisfaction, send your cryptocurrency from your external wallet to the newly generated Ridima wallet address.
Wait for our three security confirmation processes to be completed. This process can take a few minutes to ensure optimum accuracy and security of your transaction.
Upon confirmation, you will receive the Naira equivalent of your transaction in your Ridima Naira wallet.
You can withdraw Naira or settle your bills via the Ridima app.

Frequently Asked Questions About How to Sell Dogecoin in Nigeria Easily.

Here are frequently asked questions about selling Dogecoin in Nigeria;

Question 1: How much is Dogecoin in Naira?

The value of Dogecoin fluctuates with market rates. You can use Ridima’s crypto calculator to check the real-time exchange rate and estimate your Naira equivalent before converting.

Question 2: What is the fastest way to sell Dogecoin in Nigeria?

One of the fastest and easiest ways to sell your DOGE for Naira in Nigeria is to use the Ridima app. The process is simple, you send DOGE, we receive and verify it, and your Naira wallet will be funded. No middlemen or trading involved.

Question 3: How long does it take to convert Dogecoin to Naira?

The transaction time depends on the method used. With Ridima, the entire verification and conversion process takes an hour or less. Other methods may take longer.

Conclusion

Selling Dogecoin in Nigeria doesn’t have to be complicated. Whether you choose an app like Ridima, a crypto exchange, P2P platform, or a trusted broker, there’s a method that fits your needs and comfort level. Ridima stands out for its speed, ease of use, strong rates, and top-tier customer support, making it one of the best choices for converting DOGE to Naira.

By following the steps in this guide, you can turn your Dogecoin into cash quickly and securely. Always prioritize safety, confirm rates before trading, and use trusted platforms to protect your funds.