Buying and Selling of crypto assets is one of the characteristics of the crypto market and learning how to do it the right way is the only way to guarantee you get value for your assets.
In this article, I would x-ray the process of selling a crypto asset, so as to guide you successfully complete sales of your assets and get full financial value for your asset. We will look at Bitcoin as a case study, but the process pretty much has the same concept with any other asset on P2P trading.
While this article is directed primarily to crypto traders in Nigeria, Kindly note that the process discussed can be used in any country where P2P is used with the Fiat currency of exchange for that country.

Also note that this article is not to be viewed as a financial advice but only as a guide for crypto traders.

Note that before you can sell Bitcoin, you ought to have it and my best bet is that you already have BTC as popularly known in a wallet and you may have probably bought it using a stable coin or may have swapped one of your asset to BTC, or earned it from a "play to earn" game, or you were gifted or maybe bought through P2P or through a credit or debit card.
If you are reading this article and don’t have Bitcoin and wondering how to get it, simply click this direct link: https://www.binance.com/en/buy-sell-crypto?channel=hzBankcard&fiat=USD?ref=65177765 to purchase BTC on Binance- the easiest exchange to trade on.
Note that if you have BTC in a DeFi wallet or any other wallet other than Binance, you will need to first send or move your BTC to Binance, find details of how to do that here

What are the Requirements to use the P2P Platform on Binance?

● Open a free Binance account here: https://accounts.binance.com/en/register?ref=65177765 and complete identity verification
This step requires that you register a Binance account, you can also use this link to get a $100 bonus trading fee when you complete identity verification using any accepted means of identification such as Drivers license, Passport document or A government approved Identity Card and deposit at least $50.
● Next is to Add a new payment method on P2P (Bank Transfer)
Once identity verification is complete, you can now use the P2P platform of Binance. The Binance P2P is an escrow service notably the most secure service out there that allows the smooth exchange of crypto assets for fiat or stable crypto.
Find below pictorial guidelines to help you achieve this.

Go to home page.
Click on Profile
Scroll down and click on Payment Methods,
Next click on P2P Payment Method,

In the next widow that opens, click on the yellow “Add a Payment Method” button down below, and then Click on Bank Transfer in the next page.
In the new window that opens afterwards, Fill in the details of your Bank account number, Bank name and Account Branch and then click on Confirm.
A one time code will be sent to your phone or email, insert the code and complete the process.
A confirmation email will be sent to you to confirm that a new payment method has been added to your Binance account.

● How to sell Bitcoin on Binanace P2P with Bank Transfer?

Once your account is set up with your payment method successfully added; you’re just few minutes away from trading your Bitcoin or any other crypto into Naira in your bank account.
The next thing to do is find a buyer ready to buy your Bitcoin and in exchange pay you Naira via the chosen payment method- that is a bank transfer into the bank account added.
Finding a P2P trader is as easy as selecting a order post from the sell section for Bitcoin. But in order to have a smooth trade, here as some things you need to consider like finding the best order, checking the trade requirements etc.
Let jump right into all that.
Take a look at the picture below;

Let’s explain the details highlighted in the picture and how it can help you find the right trader to trade with.
1. Price: This price tag that the trader has set to sell a quantity of the asset you want to sell. From the picture above, the first trader Holandhorla has set his price to buy 1 BTC at #24,759,315.73
2. Available: This simply means the quantity of BTC that the trader is willing to buy from traders like you wanting to sell their BTC. From the picture, you can notice that the first trader Holandhorla is ready to buy 4.79233025BTC.
3. Limits: This represents the range of order amount that the trader is willing to buy. From the picture, you can also notice that the first trader Holandhorla is ready to buy BTC worth from #850,000 up till $1,000,000. So if the quantity of your BTC you want to sell isn’t in that range, he can not buy from you, so you may need to find another trader that your sales amount falls within his limits.
4. Number of Trade Orders and Completion rate: This is the number of trade orders completed by the trader and how much percentage of successful completion the trader has. It is usually best to choose a merchant with a very high no of trades completed and most importantly with a completion rate close to 100% to avoid selection of an unserious trader who may delay your time.
5. Trader Profile: It is best to check the trader Profile to have a preview of who the Trader is and what means to payment he uses, if he has competed KYC and so on. This helps to build trust in the trader.
6. Trader Reviews: This helps you to successfully select a trader, since many positive reviews means the trader is honest and ready to do business.
Other details to pay attention to involves; the trader stated requirements to start a trade with you and any other criteria he needs you to meet before initiating a sell order for your BTC.
Once all these considerations have been met with your full consent to trade. You can go ahead to click the selected trader and place a sell of your BTC.

Note that before you click on sell, you should use the Transfer option in your Spot wallet to move the BTC you want to sell to Funding, so that it will appear in the P2P section. If you have done this; you can go ahead to click on Sell to initiate the sales of your BTC.

Once the trader receives your order, you can use the chat option in the platform to communicate with the trader to endure a smooth transaction and when you have received the agreed value of cash or Naira in your bank account selected as the payment method, it is now your turn to release the sold BTC to the trader by clicking the release button and answering the question to confirm you have received funds in your bank account.
Next is to receive a one time password or OTP code from Binance on your device, input the code and BOOM- you have released the BTC to the trader and have received value for the BTC. Hence you have sold and completed a trade selling your BTC to receive Naira in your Bank account that you can withdraw if you need the Fiat currency in hand.
If all the steps are followed correctly then congratulations to you on being able to sell you Bitcoin for Naira through a Bank account. You have been able to do so using the best Peer to Peer platform- Binance P2P Escrow service
Binance P2P Escrow service is the best platform to use to buy or sell crypto via P2P owing to world class customer service personnel and structure that allows you trade safely. The Escrow service holds or locks the crypto until the final resolution of the transaction. So in the case of fraud, Binance Escrow covers you to ensure that you get value for your funds and crypto only if you followed all procedures and guidelines. It offers transaction resolution whereby traders can report or appeal in the case of  any fraudulent activity or suspicious move.
If you follow the easy steps outlined in this article that has been carefully researched, you are almost guaranteed to be successful in selling your Bitcoin to Naira through a bank transfer as your method of payment and your funds in your bank account in less than 20 minutes.
This article is not a financial advice but a traders guide and if you will be interested in getting more info about crypto or would like to read more about other educative crypto content, look up my archives here.