As Nigeria’s crypto adoption continues to rise, so does the need for seamless off-ramping—getting crypto into cash, fast. But for many, selling Bitcoin remains a complicated, risky process. P2P platforms come with scam risks, while some exchanges take hours (or even days) to process withdrawals.
This is the gap Koyn, a crypto off-ramp platform, is stepping in to fill. Its promise? Instant payouts, transparent rates, and a user experience designed specifically for the Nigerian market.
The bitcoin problem no one talks about
Over 22 million Nigerians now own or use cryptocurrency, according to various reports. But while buying Bitcoin is relatively straightforward, selling it without delays, poor rates, or fraud exposure remains a challenge. Many sellers still rely on informal WhatsApp groups or clunky P2P platforms, often risking time and funds.
This friction is what Koyn aims to remove.
What Koyn offers
Koyn is a platform where users can sell Bitcoin and receive cash in Naira (or Cedis or USDT) within minutes. It doesn’t use the peer-to-peer model. Instead, Koyn buys your Bitcoin directly and processes the payment without third-party involvement.
Key features include:
- Instant cashout to Nigerian bank accounts
- Competitive rates updated in real-time
- No hidden charges
- 24/7 customer support
- A mobile-first, minimal interface that prioritizes speed
According to the team, transactions are typically completed in under 10 minutes once the Bitcoin transfer is confirmed.
Why it matters
In a volatile economy where the value of Naira fluctuates rapidly, speed and transparency are crucial when converting Bitcoin to fiat. Koyn positions itself as the tool for freelancers, traders, and everyday users who don’t want to wait hours to access their funds—or risk losing them entirely.
It’s also part of a wider trend: Africa-specific fintech tools that understand local pain points and build around them.
How it works
Using Koyn is straightforward:
- Create an account and log in at getkoyn.com
- Enter your account details for payout
- Generate your unique Bitcoin wallet address
- Send your BTC to the provided address
- Receive cash once the transaction is confirmed
The bigger picture
While global exchanges cater to broad markets, Koyn is part of a new wave of localized crypto solutions. Built for African users with African realities in mind, the platform represents the growing maturity of the continent’s crypto infrastructure.
And for many Nigerians who’ve long waited for a reliable, fast, and scam-free way to convert Bitcoin into local currency, Koyn might just be the missing link.
Learn more
Visit Koyn’s Bitcoin Page to try it out or explore the platform.
