Bitcoin Forum
September 10, 2025, 07:27:17 AM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Auto Bitcoin converter to naira.  (Read 100 times)
BitcoinSterilizer (OP)
Newbie
*
Offline Offline

Activity: 9
Merit: 4


View Profile
September 02, 2025, 10:37:44 AM
 #1

I'm a business man in Nigeria based in Abuja i have a very good and nice boutique and there was a thread I create before, here in the Nigeria local board when I talked about finding a solution to convert Bitcoin to Naira immediately you receive Bitcoin.
People contributed and I tried a lot of platforms and finally I got what I was looking for, a lot of people comes to my boutique and offer to pay with Bitcoin and because of Bitcoin volatility I usually don't accept like you all know I'm running a business and after some sells is made I restock my boutique immediately, if I accept Bitcoin and in some minute the price of it drops it will affect me to restock immediately like I always do.
However with Breet I won't worry about Bitcoin volatility anymore.
Breet offers an API that allows businesses to accept Bitcoin (plus other cryptos) and automatically convert it into Naira, reducing exposure to volatility and simplifying operations .

Now how those this work.

1. Your personal Bitcoin Wallet Address
Once you sign up on Breet, you get a permanent BTC wallet address and even other crypto coins too, that is the address your customers send your Bitcoin to.

2. Crypto Deposit Detection
When Bitcoin is sent to your Breet BTC address, their system automatically detects the incoming transaction on the blockchain.

3. Instant Conversion
As soon as BTC hits your address and reaches network confirmation, Breet locks in their current rate and converts it immediately to Naira.

4. Automatic Settlement
The Naira value is credited to your Breet account balance and If you enable Auto Settlement, the Naira is pushed directly into your linked Nigerian bank account usually within 5 minutes.

A guy came to my boutique yesterday and said he will pay with his Bitcoin after selecting the clothes he wanted and I gave him my  Breet  Bitcoin address and he sent it and what I explained to you above was exactly how it went at first I was scared Sha because the Bitcoin he sent was worth 100k but I received it.
So business owners in Nigeria you can use Breet they are good.
Hewlet
Sr. Member
****
Online Online

Activity: 770
Merit: 325



View Profile
September 02, 2025, 11:03:21 AM
Merited by Dreadboost (2)
 #2

i don't see the difference between using this and accepting payment with the use of any known and reputable exchange. the transaction chain is practically the same. A customer comes into your shop to place an order, and accept to pay in bitcoin, you give him your wallet address, wait for confirmation and afterwards when the transaction has reflected at your end, you either decide to leave it in bitcoin in that exchange, convert it to USDT which is actually better than leaving it in our fiat or consider the third option of trading it back to fiat which generally does not take any time for a thread to complete.

except that you are saying for this, you are factoring out any form of p2p and you will allow the system set an automatic dollar to naira rate for you which is certainly not going to be completely accurate. convenient and over shifting of responsible to third parties does not always end well so for me, i would rather accept the payment in bitcoin and decide when to convert it to USDT or fiat and not allow any app or site carry out such thing for me. there might be times i will want to hold and not convert what buyers sends to me, with such auto converter, that will not work well for me.

DubemIfedigbo001
Hero Member
*****
Offline Offline

Activity: 784
Merit: 572


Let love lead


View Profile WWW
September 02, 2025, 11:07:25 AM
 #3

4. Automatic Settlement
The Naira value is credited to your Breet account balance and If you enable Auto Settlement, the Naira is pushed directly into your linked Nigerian bank account usually within 5 minutes.

A guy came to my boutique yesterday and said he will pay with his Bitcoin after selecting the clothes he wanted and I gave him my  Breet  Bitcoin address and he sent it and what I explained to you above was exactly how it went at first I was scared Sha because the Bitcoin he sent was worth 100k but I received it.
So business owners in Nigeria you can use Breet they are good.
Firstly you may want to share with us the official download site of the Breet app so we can have a look. Personally I wouldn't trust any app that I just get randomly from app stores

Again you may want to be careful with the account the funds goes to and always remove funds from the receiving account ASAP, also be sure not to use your business account to receive funds from such an app because the central bank has not lifted their ban on direct transaction with cryptocurrency and in the event of a crackdown and linked accounts are being blocked so it would not in any way affect your business.

 
█▄
R


▀▀██████▄▄
████████████████
▀█████▀▀▀█████
████████▌███▐████
▄█████▄▄▄█████
████████████████
▄▄██████▀▀
LLBIT▀█ 
  TH#1 SOLANA CASINO  
████████████▄
▀▀██████▀▀███
██▄▄▀▀▄▄████
████████████
██████████
███▀████████
▄▄█████████
████████████
████████████
████████████
████████████
█████████████
████████████▀
████████████▄
▀▀▀▀▀▀▀██████
████████████
███████████
██▄█████████
████▄███████
████████████
█░▀▀████████
▀▀██████████
█████▄█████
████▀▄▀████
▄▄▄▄▄▄▄██████
████████████▀
........5,000+........
GAMES
 
......INSTANT......
WITHDRAWALS
..........HUGE..........
REWARDS
 
............VIP............
PROGRAM
 .
   PLAY NOW    
BitcoinSterilizer (OP)
Newbie
*
Offline Offline

Activity: 9
Merit: 4


View Profile
September 02, 2025, 12:34:44 PM
 #4

i don't see the difference between using this and accepting payment with the use of any known and reputable exchange. the transaction chain is practically the same. A customer comes into your shop to place an order, and accept to pay in bitcoin, you give him your wallet address, wait for confirmation and afterwards when the transaction has reflected at your end, you either decide to leave it in bitcoin in that exchange, convert it to USDT which is actually better than leaving it in our fiat or consider the third option of trading it back to fiat which generally does not take any time for a thread to complete.
Is not the same thing, you are not attending to just one person you are attending to different people sometimes you may not even have the chance to convert to USDT immediately because of other customers you are attending to and from there you may forget that you still have not converted your Bitcoin to USDT and you no Bitcoin volatile nature is very high price changes every minute as a business man you don't want to take that risk except you have decided not to take your business seriously.


4. Automatic Settlement
The Naira value is credited to your Breet account balance and If you enable Auto Settlement, the Naira is pushed directly into your linked Nigerian bank account usually within 5 minutes.

A guy came to my boutique yesterday and said he will pay with his Bitcoin after selecting the clothes he wanted and I gave him my  Breet  Bitcoin address and he sent it and what I explained to you above was exactly how it went at first I was scared Sha because the Bitcoin he sent was worth 100k but I received it.
So business owners in Nigeria you can use Breet they are good.
Firstly you may want to share with us the official download site of the Breet app so we can have a look. Personally I wouldn't trust any app that I just get randomly from app stores

Again you may want to be careful with the account the funds goes to and always remove funds from the receiving account ASAP, also be sure not to use your business account to receive funds from such an app because the central bank has not lifted their ban on direct transaction with cryptocurrency and in the event of a crackdown and linked accounts are being blocked so it would not in any way affect your business.


For your first question you can go to Google play store and search for it and you will see it, before asking the question that is what you would have done first as a smart person, I downloaded it on play store that is what I'm using right now for my business.
https://talkimg.com/images/2025/09/02/UnMbol.jpeg
You can also visit there official website to download it https://breet.io/

Now for your second concern.
In February 2021, the CBN instructed banks to stop directly facilitating cryptocurrency transactions so banks can’t allow you to send/receive crypto directly through your account.
But in December 2023, the CBN lifted the ban partially and allowed crypto exchanges to operate under new guidelines, though under tight regulation same thing some other countries that allow crypto did so is not only Nigeria those regulations help to prevent crypto crime like money laundry.

 How Breet works

You don’t send Bitcoin or USDT directly to your bank, Instead you send your crypto to your Breet wallet inside the app, Breet automatically converts that crypto to Naira, then it pays you in Naira, like a normal transfer from a Nigerian company to your bank.
So when the money hits your account, your bank just sees it as a regular Naira transfer, not a crypto transaction.
DubemIfedigbo001
Hero Member
*****
Offline Offline

Activity: 784
Merit: 572


Let love lead


View Profile WWW
September 02, 2025, 12:53:14 PM
 #5

4. Automatic Settlement
The Naira value is credited to your Breet account balance and If you enable Auto Settlement, the Naira is pushed directly into your linked Nigerian bank account usually within 5 minutes.

A guy came to my boutique yesterday and said he will pay with his Bitcoin after selecting the clothes he wanted and I gave him my  Breet  Bitcoin address and he sent it and what I explained to you above was exactly how it went at first I was scared Sha because the Bitcoin he sent was worth 100k but I received it.
So business owners in Nigeria you can use Breet they are good.
Firstly you may want to share with us the official download site of the Breet app so we can have a look. Personally I wouldn't trust any app that I just get randomly from app stores

Again you may want to be careful with the account the funds goes to and always remove funds from the receiving account ASAP, also be sure not to use your business account to receive funds from such an app because the central bank has not lifted their ban on direct transaction with cryptocurrency and in the event of a crackdown and linked accounts are being blocked so it would not in any way affect your business.


For your first question you can go to Google play store and search for it and you will see it, before asking the question that is what you would have done first as a smart person, I downloaded it on play store that is what I'm using right now for my business.

There're lots of scam versions of apps breeding all over Google Play store and the safest place to download apps are from the official site and probably if it's not downloadable there, they would redirect you to the true version on app stores. Maybe you need to add this to your wisdom and smartness.

Quote
Now for your second concern.
In February 2021, the CBN instructed banks to stop directly facilitating cryptocurrency transactions so banks can’t allow you to send/receive crypto directly through your account.
But in December 2023, the CBN lifted the ban partially and allowed crypto exchanges to operate under new guidelines, though under tight regulation same thing some other countries that allow crypto did so is not only Nigeria those regulations help to prevent crypto crime like money laundry.
You're correct on this one. They're allowed to operate under new VAPS  guidelines. But still be as cautious as you can. Nigerian financial system isn't to be trusted.

 
█▄
R


▀▀██████▄▄
████████████████
▀█████▀▀▀█████
████████▌███▐████
▄█████▄▄▄█████
████████████████
▄▄██████▀▀
LLBIT▀█ 
  TH#1 SOLANA CASINO  
████████████▄
▀▀██████▀▀███
██▄▄▀▀▄▄████
████████████
██████████
███▀████████
▄▄█████████
████████████
████████████
████████████
████████████
█████████████
████████████▀
████████████▄
▀▀▀▀▀▀▀██████
████████████
███████████
██▄█████████
████▄███████
████████████
█░▀▀████████
▀▀██████████
█████▄█████
████▀▄▀████
▄▄▄▄▄▄▄██████
████████████▀
........5,000+........
GAMES
 
......INSTANT......
WITHDRAWALS
..........HUGE..........
REWARDS
 
............VIP............
PROGRAM
 .
   PLAY NOW    
BitcoinSterilizer (OP)
Newbie
*
Offline Offline

Activity: 9
Merit: 4


View Profile
September 02, 2025, 01:14:17 PM
 #6

4. Automatic Settlement
The Naira value is credited to your Breet account balance and If you enable Auto Settlement, the Naira is pushed directly into your linked Nigerian bank account usually within 5 minutes.

A guy came to my boutique yesterday and said he will pay with his Bitcoin after selecting the clothes he wanted and I gave him my  Breet  Bitcoin address and he sent it and what I explained to you above was exactly how it went at first I was scared Sha because the Bitcoin he sent was worth 100k but I received it.
So business owners in Nigeria you can use Breet they are good.
Firstly you may want to share with us the official download site of the Breet app so we can have a look. Personally I wouldn't trust any app that I just get randomly from app stores

Again you may want to be careful with the account the funds goes to and always remove funds from the receiving account ASAP, also be sure not to use your business account to receive funds from such an app because the central bank has not lifted their ban on direct transaction with cryptocurrency and in the event of a crackdown and linked accounts are being blocked so it would not in any way affect your business.


For your first question you can go to Google play store and search for it and you will see it, before asking the question that is what you would have done first as a smart person, I downloaded it on play store that is what I'm using right now for my business.
https://talkimg.com/images/2025/09/02/UnMbol.jpeg
There're lots of scam versions of apps breeding all over Google Play store and the safest place to download apps are from the official site and probably if it's not downloadable there, they would redirect you to the true version on app stores. Maybe you need to add this to your wisdom and smartness.
I don't mean to be rude when I mentioned as "a smart person you would have tried downloading it on play store before asking me how to download it"
Mr DubemIfedigbo001 you are right the safest place to download apps are from the official site and if you check my answer to you I added the link to there official website where you can download it from.

You're correct on this one. They're allowed to operate under new VAPS  guidelines. But still be as cautious as you can. Nigerian financial system isn't to be trusted.
Nigeria financial system is to be trusted Mr DubemIfedigbo001 every nation has there financial issues even the United States have there financial issues.
As for this case Nigeria financial system is very clear it is only when you break there rules and regulations that you may get punished, you can't be punished for not committing any crime, Nigeria system those not work that way so there's no need to be afraid of Nigeria financial system.

BitBakerr1
Sr. Member
****
Offline Offline

Activity: 266
Merit: 254



View Profile
September 02, 2025, 02:04:42 PM
 #7

This is a good one thanks for bringing this to our knowledge, your explanation and answers to the questions that where asked are so accurate and simple to understand, and yes using an auto converter from Bitcoin to Naira is the best as a business owner who wants to start accepting Bitcoin as a means of exchange.
The reason why Auto converter is the best is because it saves you from stress and it makes you not to forget that you have a Bitcoin to convert, because as a business man you may forget that you have not converted the Bitcoin that you received from a customer because of too much engagement, for example someone like me I some times forget the things I need to set up for my business because of too much activity, and if you forget to convert your Bitcoin immediately it may drop in price and if Bitcoin drops in price it means that your money will reduce also and no own knows when it will rise again and you may need the money immediately so you can buy more goods, so to avoid that this Auto converter is the best option for a business owner who wants to start accepting Bitcoin as a means of payment.
If we had market place sub board in this our local board you would have been posting your clothes here for sell since you accept payment in Bitcoin people can buy and then you waybill it for them.











██
██
██████
R


▀▀██████▄▄
████████████████
▀█████▀▀▀█████
████████▌███▐████
▄█████▄▄▄█████
████████████████
▄▄██████▀▀
LLBIT
██████
██
██
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████████████
 
 TH#1 SOLANA CASINO 
██████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████▄
▀▀██████▀▀███
██▄▄▀▀▄▄████
████████████
██████████
███▀████████
▄▄█████████
████████████
████████████
████████████
████████████
█████████████
████████████▀
████████████▄
▀▀▀▀▀▀▀██████
████████████
███████████
██▄█████████
████▄███████
████████████
█░▀▀████████
▀▀██████████
█████▄█████
████▀▄▀████
▄▄▄▄▄▄▄██████
████████████▀
[
[
5,000+
GAMES
INSTANT
WITHDRAWALS
][
][
HUGE
   REWARDS   
VIP
PROGRAM
]
]
████
██
██
██
██
██
██
██
██
██
██
██
████
████████████████████████████████████████████████
 
PLAY NOW
 

████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
Emjay24
Member
**
Offline Offline

Activity: 95
Merit: 73


View Profile
September 03, 2025, 12:09:13 AM
 #8

Nice discovery OP, this would really be of great help to the flexibility of your business preparations as Bitcoin enthusiasts would be very comfortable to patronize you bearing in mind that you accept it as a medium of payment. Maybe you can add it to your branding and even your billboard. A little advertising would make more clients willing to visit your shop and patronize you because seeing establishments in this country which accepts Bitcoin as a medium of payment is really scarce.
casey15
Member
**
Offline Offline

Activity: 84
Merit: 38


View Profile
September 03, 2025, 06:15:37 AM
 #9

This can actually be done with exchanges, bitget, bybit e.t.c. even a local app like Jeroid app already does this... So there are a lot of options to choose from
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!