How to withdraw cryptocurrency as cash to your Nigerian bank account

by Johnson Daniel

Ever since the Nigerian government announced a ban on the exchange of cryptocurrency by financial institutions and directed banks to close accounts trading in crypto, many crypto-exchanging platforms have had hard times as they seem not to have a reasonable solution to this.

However, this new rule has seen P2P trading rise through the ranks as being the best way to buy, sell crypto and possibly get the money into your bank account without the fear of seeing your account get closed.

Now, the funny thing is that many Nigerians don’t like trading with P2P despite it being the safest way to buy and sell crypto directly but not to worry, I’ve got you covered. In this article, we will discover a way through which you can buy, sell crypto and withdraw to your bank account instantly. It is also safe to use, so you do not need to bother about having your account shut down by any financial institution.

The platform that we are going to talk about today is called Bundle Africa. It won’t come as a surprise that many of you know about this app. For the lots that are just hearing about this app for the first time, Bundle Africa is an app for sending cash (like naira) and cryptocurrencies (like bitcoin and ethereum) free of charge.

Here on now, we will go through a step-by-step process of how we can deposit to a Bundle Africa and withdraw to our Nigerian bank accounts when necessary. Of course, you need to have the app and an account, and luckily for us, creating an account is as easy as anything. Android users can download the Bundle Africa app from here, while iOS users can download it here. Sign up for an account, and after doing that, you can upgrade your account’s level by submitting your BVN.

At Level 1, you have a daily limit of N25,867. However, you can deposit, but you can’t withdraw. At Level 2, you have a daily limit of N5,173,511. You can withdraw. All you need to do is to add your BVN to upgrade your account to level 2.

How to deposit Naira on Bundle Africa

  • On the main page, locate and tap Add Cash.How to deposit Naira on Bundle Africa
  • You can choose to fund your Bundle Africa account with either Cashlink or BUSD.

With Cashlink, you get matched with verified partners who can fulfill your cash deposit request for a small commission. When a partner accepts your bid, you will send the amount you want to deposit to the partner’s preferred payment method and confirm that you have paid. Once the partner confirms the payment, Cashlink will credit your Bundle wallet.

BUSD, on the other hand, has to do with you depositing with your card, not advisable given the way things are now. Therefore, I advise you to stick with depositing with the Cashlink method. If you have a large amount of cash you want to deposit, kindly split them into parts and make payment.

How to withdraw on Bundle Africa

  • On the main page, tap Withdrawbundle p 1
  • Tap Withdraw with P2PExpressbundle p 2
  • Add your bank details, and put the amount you want to withdraw
  • Next, select which crypto asset you choose to withdraw from and confirm payment (It is highly advisable to convert your crypto asset to USDT before getting to this stage). After doing all of this, you should receive the money straight to your bank account within some hours.

I guess that’s all about buying, selling, and withdrawing crypto to your Nigerian bank account. If you found this post helpful, kindly share this with your friends using any social media buttons below.

Leave a Comment

4 comments

Hannah March 29, 2021 - 9:41 pm

From your post, you said limit for level 1 is N25,867. Is that the limit for withdrawal or deposit?

Reply
Johnson Daniel March 29, 2021 - 10:46 pm

It’s for deposit only since level 1 is limited to only deposit.

Reply
Ann Bamidele July 26, 2021 - 3:14 pm

Please the post on how to generate referrals, can you repost it?

Reply
Johnson Daniel July 30, 2021 - 7:42 pm

I’m not sure I can but I’ll try

Reply

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