Crypto-to-fiat currency conversion on Palremit

To convert crypto to fiat currency on Palremit, 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.

• Once you have crypto in your Palremit wallet, you can convert it to fiat currency like Nigerian Naira (NGN). To do this, go to the Swap section in the Palremit app and select the crypto-to-fiat pair you want to exchange, such as BTC to NGN or ETH to NGN.

• You can convert between 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.

• Palremit will show you the current exchange rate and any applicable fees before you confirm the transaction. 

• After the swap is complete, the converted fiat currency will be deposited into your Palremit wallet, which you can then withdraw to your local bank account or use for other transactions on the Palremit platform.

Palremit makes it easy to convert your crypto assets to local currency by allowing you to securely swap between supported cryptocurrencies and fiat money all within your multi-currency digital wallet.