Crypto-to-crypto currency conversion on Palremit
To convert crypto-to-crypto funds on Palremit, you can follow these steps:
- Create a Palremit account and complete the KYC verification process by providing your selfie photo and Bank Verification Number (BVN).
- Fund your Palremit account by depositing cryptocurrency like Bitcoin (BTC), Ethereum (ETH), or Tether (USDT). You can do this by transferring crypto from an external wallet or by using the peer-to-peer (P2P) feature to receive crypto from another Palremit user.
- You can swap crypto for a different cryptocurrency once you have crypto in your Palremit wallet. For example, you can convert BTC to ETH or USDT. To do this, go to the Swap section in the Palremit app and select the crypto pair you want to exchange.
- You can convert crypto to crypto like BTC to ETH; crypto to fiat like USDT/BTC/ETH to NGN or USD; fiat to fiat like NGN to USD; fiat to crypto like NGN to BTC or ETH.
- The app will show you the current exchange rate and any applicable fees before you confirm the transaction.
- Confirm your swap transaction.
- Palremit supports crypto-to-crypto swaps between BTC, ETH, and USDT.
- After the swap is complete, the converted crypto will be deposited into your Palremit wallet, which you can then withdraw to an external crypto wallet or use for other transactions on the Palremit platform.
Palremit makes it easy to manage your crypto assets by allowing you to securely store, send, receive, and convert different cryptocurrencies all within your multi-currency digital wallet.