Image Mix source: Steem-Naira Sign-Nigerian Currency
The Naira( ₦ or NGN) is the official currency of the Federal Republic of Nigeria, West Africa.
Bitcoin had been dominating the Blockchain for long, hence in most developing countries it is the only recognized Altcoin at the moment; It still reign Supreme. But there is always beauty from Ashes as Steem is on it's way to be another Known Altcoin in Nigeria and therefore the need to emphasize more on how to convert your earned Steem/SBD into the local currency (Naira) had suffice.
Truth be told, this still involves the use of Bitcoin as an Intermediary currency; But Hey, we don't mind; Steem/SBD is our bone of contention with a hard role to play.
NOTE: This whole process of converting Steem/SBD to Nigeria Local Currency does not exceed 1 hour maximum!
HERE IS A STEP-BY-STEP METHOD TO CASH STEEM/SBD OUT IN NAIRA (₦):
STEP ONE:
The very first thing is to have enough Tokens available for conversion. I recommend anything above 110 Steem or SBD equivalent for a seamless exchange i.e make that your exchange benchmark.
Once you have up to that or above in your wallet and the need arises for you to cash out, congratulations because you just hit your pay-day thanks to Steemit!
STEP TWO:
Choosing the most prefered exchange platform is another important thing, choosing wisely requires your discreation and that is mandatory as many exchange platform have their perculiarity.
For newbies and redminnows; i strongly recommend "BLOCKTRADES" to you for it's simplicity and swift processes. Others you might decide to use are Changelly, Poloniex, Bittrex etc.
Another good reason is the easy mobile platform, i am using a mobile device for this tips, as you can see; the 110 Steem is showing the Bitcoin equivalent which is "0.03319452" approxmately "NGN 47,000" (Depending on the Steem/Bitcoin price as at the time of your exchange).
STEP THREE:
Next thing is to get your Bitcoin wallet address. Before now, you must have various specific wallets for your different Cryptocurrencies. If you do not have any; then i recommend jaxx.io (A multi-currency wallet).
NOTE: It is strongly advised not to store your Cryptocurrencies on an Exchange, you may loose it all. Another important thing is that, a cold storage wallet seems to be the best option.
Here is where to paste your copied destination wallet address into i.e where you want your funds to go.
REPEATING STEP THREE WITH LUNO AND OR REMITANO
Presently, Luno and Remitano are the most secured platform to change your now converted Steem/SBD into Naira, you could sell the Bitcoin you had secured with your Steem/SBD instantly (Maximum of 30 minutes)
Using Remitano; as i have used it on several occasions seamlessly, put your Remitano Bitcoin wallet address in this space:
That is if you want to sell and get your Naira equivalent in your bank accounts instantly.
CLICK ON THIS LINK TO GET REMITANO ON YOUR PHONE
Once your funds get into your Remitano wallets (Which takes approximately 10 t0 15 max, if other things being equal), then sell to trusted buyers as listed on the website (A process that never exceeds 30 mins).
NOTE: Remitano strongly suggest you do not approve reception of payments if you have never gotten a bank alert from your local Banks.
That is simply how to turn your Steem/SBD into Naira on any internet enabled device.
