To make it easy for all our customers, in this guide, we have taken our time to explain in detail, the process of selling any Crypto on PRESTMIT.
Note that all crypto transactions on Prestmit follow the same process. Be it Bitcoin, Ethereum, Litecoin, Dogecoin, Tron, BNB, or USDT (TRC).
HOW TO TRADE CRYPTO ON PRESTMIT:
You can watch the video below for a quick tutorial or continue to read if you prefer.
Before you start trading crypto on our platform, you need to generate your PRESTMIT CRYPTO WALLET. If you don’t have this, please generate one on the Crypto Wallet page.
Once your Crypto Wallet address has been generated, it becomes yours permanently. You can then save this address somewhere and receive crypto with it anytime!
To sell CRYPTO, the process is automated:
Any crypto sent to your wallet address, after getting adequate confirmations on the blockchain network, will be automatically converted to NAIRA or CEDIS using the current rate. Current rates can be found on the wallet pages.
Explaining Crypto Rates On Prestmit:
Less than 100 = The USD value of your crypto is less than 100$.
According to the screenshot above, it means the rate for this is 900 Naira per dollar. For instance, for $60, you will get 900*60 = 54,000 Naira.
If CEDIS is your default wallet, our system will automatically convert the Naira to cedis using the current cedis conversation rate.
The rate changes often based on the current market rate. Your crypto will be converted according to the current rate. If the crypto you sent is not in USD, our system will convert it to USD automatically first.
What Happens After Sending Crypto?
After sending crypto to your address, you may be wondering: “Do I have to do anything?” “How long till I get a confirmation?”. This and many more of your questions will be answered below.
FAQ 1: Do I have to do anything?
ANSWER: No, you don’t have to do anything. Just wait.
FAQ 2: How long do I have to wait?
ANSWER: The Naira equivalent is added to your balance after 3 confirmations from the crypto network. This usually takes approximately 15-30 minutes and is done to avoid fraud and ensure transaction reputability. If your transaction is taking too long, that means the network fee used when sending was low, or the crypto network is congested; kindly be patient. Feel free to contact us.
FAQ 3: Can I send crypto from any country?
ANSWER: Yes! You can send crypto from any country, from any wallet, and also from any crypto ATM machine.
FAQ 4: What is the limit?
ANSWER: Different crypto wallets on Prestmit come with different minimum. Please click here to see the list.
FAQ 5: Is it safe?
ANSWER: Prestmit is equipped with modern security tools to help secure your account at all times. These include a centralised security architecture that secures all components and layers within the platform.
DO YOU NEED HELP?
If you need help concerning anything, you can reach out to us:
We have a live chat available on the platform, so whenever you need any form of help, don’t hesitate to reach out. The response is instant.