How to withdraw from Coinbase to a Nigerian bank account

Step 1: Copy your KWIQ deposit address

1. Step 1

   Install KWIQ

   Download the app from Google Play or the App Store and sign up.

2. Step 2

   Open the right wallet

   Open the wallet for the coin you're moving, for example Bitcoin.

3. Step 3

   Copy the address

   Copy your deposit address and note the network shown with it.

Step 2: Send from Coinbase

In Coinbase, choose Send, pick the coin and paste the address. Paste your KWIQ address, choose the same network your KWIQ app showed, check the fee and the amount that will arrive, then confirm.

Coinbase account holders often keep USDC; send it on a network your KWIQ USDC address supports.

Menu names can change between Coinbase app versions, but the idea is always the same: withdraw or send the coin to an external address.

Step 3: Sell for naira and withdraw

When the deposit shows in KWIQ, swap it to naira and withdraw to any Nigerian bank account, including OPay, Kuda, GTBank and Access Bank. Check what you'll get first: Bitcoin to naira rate.

Which coins people cash out from Coinbase

• Bitcoin: Bitcoin needs network confirmations before a deposit counts, so a sale can take longer when the network is busy. Always paste the BTC address from your KWIQ app and send on the Bitcoin network. How to sell Bitcoin.
• Ethereum: Sending ETH costs a network (gas) fee paid by the sender. Use the ETH address and network shown in your KWIQ app. How to sell Ethereum.
• USDC: USDC runs on several networks. Send only on the network shown next to your KWIQ USDC address. How to sell USDC.

Why not use P2P?

Some exchanges let you sell to other people for naira. That can work, but:

• You wait for a stranger to pay, and some buyers never do.
• Fake bank alerts and payment screenshots are a common scam.
• Payments from third-party accounts can be reversed or get your account flagged.
• Rates and limits change from buyer to buyer.

Why people use KWIQ to cash out

• No fee to cash out: Zero fees when you swap crypto to naira; crypto-to-crypto swaps cost 2%.
• Fast: Trades are fully automated, so most sales are done in minutes once your deposit is confirmed on the blockchain.
• Trusted: 100,000+ users since 2017, featured in The Guardian, Vanguard and Nigerian Tribune.
• Support 24/7: Customer support is available 24/7 in the app and on kwiq.app.

Avoid common mistakes

• Paste addresses instead of typing them, then check the first and last few characters.
• Send on exactly the network your KWIQ deposit screen shows. A different network can lose the funds.
• Send a small test amount the first time you use a new address.
• Never share your password, PIN, one-time codes or wallet recovery phrase with anyone.