Top 9 Reward Apps That Pay Nigerians In Cryptocurrency And How To Cash Out To Naira
As cryptocurrency gains popularity globally, Nigerians are finding ways to earn digital assets through various apps and reward platforms. These apps offer an easy, low-barrier way to earn Bitcoin, Ethereum, and other digital currencies, usually by completing simple tasks like watching ads, taking surveys, or playing games. Once accumulated, the next challenge is how to convert these cryptocurrencies into Naira. In this guide, we'll dive into the top reward apps that pay in crypto and show you how to efficiently cash out in Nigeria.
1. StormGain
StormGain is a well-known crypto exchange and trading platform that provides users with an opportunity to earn free cryptocurrency through a unique mining feature.
- How It Works: You can start cloud mining through the StormGain app, which doesn’t require high-end hardware. You just activate mining every few hours, and your earnings accumulate in Bitcoin.
- Payout and Cashout: Once you reach the withdrawal limit, you can transfer your mined BTC to the StormGain wallet. You can sell it or trade for other coins directly on the platform.
- How to Cash Out to Naira: After transferring to StormGain’s wallet, you can move your funds to a more accessible wallet like Binance or Quidax, where you can sell the Bitcoin and withdraw in Naira.
2. Cointiply
Cointiply is a popular crypto rewards site that allows users to earn Bitcoin by completing tasks such as watching ads, completing surveys, and participating in games.
- How It Works: You earn coins by completing tasks, which can then be converted into Bitcoin. Cointiply offers high-paying surveys, which are a quick way to boost your earnings.
- Payout and Cashout: After reaching the minimum threshold, you can withdraw your earnings to a Bitcoin wallet.
- How to Cash Out to Naira: Send your Bitcoin to a wallet like Binance or Luno, then convert it to Naira and withdraw it directly to your Nigerian bank account.
3. Freecash
Freecash offers various tasks for users to complete in exchange for Bitcoin, Ethereum, and Litecoin. With a streamlined interface and a wide range of earning opportunities, it has become a popular choice for Nigerian users looking to make quick crypto earnings.
- How It Works: You earn points by completing tasks, which can then be converted to your preferred cryptocurrency. Freecash also offers fast withdrawal options, so you can cash out quickly.
- Payout and Cashout: Once you reach the withdrawal threshold, you can choose to cash out in Bitcoin, Ethereum, or Litecoin.
- How to Cash Out to Naira: Transfer your cryptocurrency to an exchange platform like Quidax or Paxful, and then withdraw your converted funds to your local bank account.
4. Sweatcoin
Sweatcoin is an app that rewards users with cryptocurrency for taking steps and staying active, a great way to earn for those who enjoy walking.
- How It Works: Sweatcoin tracks your daily steps and rewards you with coins that can be redeemed for products or converted to cryptocurrency.
- Payout and Cashout: Convert your Sweatcoins to crypto once you accumulate enough points, then transfer them to your wallet.
- How to Cash Out to Naira: Transfer your earned cryptocurrency to a local exchange like Binance or Quidax, where you can exchange it for Naira and send the funds to your bank.
5. Crypto Pop
Crypto Pop is a game-based app that rewards users with cryptocurrency for matching and popping crypto-themed symbols. It’s a fun way to earn a bit of crypto in your spare time.
- How It Works: You earn points as you play, and these points are then redeemable as Ethereum and Bitcoin.
- Payout and Cashout: Once you reach the payout threshold, you can request a withdrawal of your crypto earnings to a wallet.
- How to Cash Out to Naira: Transfer your Ethereum or Bitcoin to Binance, convert it to Naira, and withdraw the funds to your bank account.
6. Timebucks
Timebucks is a multi-reward platform that offers users various ways to earn, including watching videos, taking surveys, and participating in offers. Although earnings are initially in USD, you can convert them into Bitcoin before cashing out.
- How It Works: Complete tasks to earn money, then select Bitcoin as your payout method.
- Payout and Cashout: Once you’ve accumulated enough balance, convert your earnings into Bitcoin and transfer them to a crypto wallet.
- How to Cash Out to Naira: After receiving Bitcoin, you can transfer it to a Nigerian crypto exchange for Naira conversion and withdrawal.
7. SatsApp
SatsApp is a Bitcoin rewards app that allows users to earn Satoshis (the smallest unit of Bitcoin) by completing simple tasks and surveys.
- How It Works: Engage with various in-app activities, and you will earn small amounts of Bitcoin for each completed task.
- Payout and Cashout: Once you’ve accumulated a certain amount of Bitcoin, you can withdraw it to your wallet.
- How to Cash Out to Naira: Use a Nigerian exchange, such as Luno or Yellow Card, to convert Bitcoin into Naira and transfer it to your bank.
8. Coinbase Earn
Coinbase Earn is an educational initiative by the Coinbase exchange that rewards users with crypto for watching short videos and learning about different cryptocurrencies.
- How It Works: Watch educational videos, answer quizzes, and receive crypto in return.
- Payout and Cashout: The earnings from Coinbase Earn are transferred to your Coinbase wallet.
- How to Cash Out to Naira: Transfer your cryptocurrency from Coinbase to a local exchange platform like Binance for Naira conversion and withdrawal.
9. Pi Network
Pi Network is a new digital currency project that allows users to mine cryptocurrency using their mobile devices. It’s currently in its development phase, and users are encouraged to mine Pi daily.
- How It Works: Sign up on the app, and start mining Pi by pressing a button every 24 hours.
- Payout and Cashout: Pi is currently in the test phase, so direct cash-out options are not available, but users hope that Pi will be tradable once it becomes a fully developed cryptocurrency.
- How to Cash Out to Naira: Once Pi is publicly tradable, users will be able to exchange it for Naira through crypto exchanges.
Converting Cryptocurrency to Naira
After earning crypto through these platforms, the next step is to cash out to Naira. Here are some platforms and steps you can take:
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Binance: One of the largest global cryptocurrency exchanges, Binance allows Nigerians to trade, sell, and withdraw crypto earnings in Naira. You can deposit your cryptocurrency and sell it for Naira using the P2P (peer-to-peer) marketplace.
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Luno: Luno is a user-friendly crypto wallet and exchange that lets users buy, sell, and withdraw Bitcoin and Ethereum in Naira.
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Paxful: Paxful is another P2P platform that allows Nigerians to sell crypto directly to buyers who pay in Naira. It’s a good option for converting Bitcoin to Naira with minimal fees.
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Quidax: A local Nigerian crypto exchange, Quidax supports the trading of Bitcoin, Ethereum, and other cryptocurrencies directly in Naira. It has an easy withdrawal process to Nigerian bank accounts.
Tips for Maximizing Crypto Earnings
- Choose apps with low minimum withdrawal thresholds: Some platforms have high withdrawal limits, so focus on apps where you can cash out quickly.
- Look for apps with recurring tasks: Apps that offer daily tasks, like StormGain or Sweatcoin, make it easier to accumulate earnings over time.
- Stay up-to-date with crypto rates: Cryptocurrency prices can be volatile, so monitor the rates on exchanges to make sure you’re cashing out at a favorable time.
- Check for transaction fees: When transferring or converting your crypto, pay attention to transaction fees that can reduce your final payout.
Earning crypto through reward apps can be a lucrative way for Nigerians to make extra income. With a bit of patience, consistency, and the right knowledge about exchanges and cashing out, you can successfully turn digital assets into spendable Naira.