How to Trade and Withdraw Crypto Directly to Any Nigerian Bank With Roqqu

In this guide, you will learn how to trade and withdraw cryptocurrency into any Nigerian bank account from Roqqu.

Cryptocurrency has become a popular means of investment for different individuals around the world, and for a number of reasons many countries have strict laws against cryptocurrency traders and investors. Nigeria is one of the countries that has imposed restrictions, making it nearly impossible for Nigerians to withdraw any crypto assets directly into their Nigerian bank accounts.

The Central Bank of Nigeria (CBN) announced that banks and other financial institutions will no longer facilitate payment for cryptocurrency exchanges from February 5, 2021.

This restriction has made it possible for different local exchanges like Roqqu to adopt peer-to-peer payment options for easy deposits and withdraw.

 

What is peer-to-peer (P2P)?

In cryptocurrency, peer-to-peer means the direct exchange of assets between individuals without the involvement of a central authority or financial institution. The P2P option allows you to sell your crypto assets and get paid by a second party without the involvement of Banks.

 

What is Roqqu?

Roqqu is simply a Nigerian crypto exchange that boasts of offering the fastest means of deposit and withdrawal even after the CBN restrictions. The exchange, which is located in Lekki, Lagos state, was launched in July 2019.

 

Features of the Roqqu Exchange

Below are some features of the Roqqu exchange that make it outstanding:

  1. Instant buy and sell orders
  2. P2P Crypto Payment Gateway
  3. Mobile App
  4. Highly Secure
  5. Fast and Reliable
  6. Active Customer Support Channels

 

How to Sign Up for Roqqu Exchange

To begin taking advantage of the instant buy and sell and direct withdrawals to any bank account in Nigeria, you must first register with Roqqu.

 

  1. First, click here to visit Roqqu’s sign-up page.
  2. Provide your details and a valid email address.
  3. Verify your email via the mail sent to your registered email address.
  4. Finally, log in and verify your account with NIN Verification.

 

How to Deposit Naira (NGN) from Your Bank to Roqqu

Follow the steps below to make deposits from your local bank account to Roqqu using the peer-to-peer option. You will need to first create a Raven account to be able to make deposits to Roqqu.

You can download the Raven bank app from the Google Play store here.

  1. First, click “Deposit” from your Roqqu dashboard.
  2. Input the amount you want to deposit in Naira (NGN) and proceed.
  3. Select “Wallet Peer to Peer”.
  4. Select “Raven”.
  5. Copy the merchant’s username and also copy the transaction narration.
  6. Login to your Raven account.
  7. Click on “Add Money” and then “Bank Transfer.”
  8. Copy your Raven account number and make a deposit from your local bank.
  9. After funding your Raven account, click on “Send Money” and select “Raven User.”
  10. Enter the merchant username you copied from Roqqu and the amount.
  11. Click “Verify Details” and paste the narration you copied from Roqqu and proceed.
  12. Go back to Roqqu and click “Complete Deposit.”
  13. Finally, wait for your deposit to reflect on your Roqqu account.

 

How to Buy and Sell Cryptocurrency on Roqqu

After funding your Roqqu account, you can now buy and sell any cryptocurrency (coin) that is available on the app.

 

  1. From your Roqqu dashboard, click “Buy/Sell.”
  2. Select “Instant Buy” if you are buying or “Instant Sell” if you are selling.
  3. Select the cryptocurrency you want to buy or sell.
  4. Add the amount and proceed.

Note that you cannot buy or sell cryptocurrency that is less than NGN356.0.

 

How to Withdraw Crypto Directly to Any Nigerian Bank With Roqqu

The steps for withdrawal from Roqqu are similar to that of deposit and the peer-to-peer withdrawal is done with apps like Raven, Hometown, Kuda, and others.

This means that to be able to use the P2P option, you have to be registered on any of these platforms. For the purpose of this guide, we will recommend the Raven app for easy withdrawal to your local bank account.

Note that you have to sell your crypto or have money in your account to be able to withdraw.

 

  1. From your Roqqu dashboard, click “Withdraw.”
  2. Click “Withdraw to Wallet.”
  3. Select your preferred platform for withdrawal. We recommend Raven.
  4. If you chose Raven, input your username and the amount you want to withdraw and verify the details.
  5. Proceed with the withdrawal and your money should appear in your Raven account within a few minutes.
  6. Log in to the Raven app.
  7. Click “Send Money” and select “Bank Account.”
  8. Provide your Nigerian bank name and account number and proceed.

That’s all. You have successfully converted your crypto to Naira (NGN) and withdrawn it to your local bank account.

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