Africa is an exciting, developing crypto market, but unfortunately, the tools provided to the many countries on the continent so far have been underwhelming. Even the better and more well-known brands have forced users to wait for hours until someone manually process your transaction, or have applied interfaces that assume you have a finance degree, or cause users to worry about whether the platform they’re using is safe or the traders are reliable. It’s been exhausting, and for people who need to cash out regularly, also a massive time drain.
Prestmit markets itself as a platform developed around solving these exact problems. The service operates in Nigeria and Ghana primarily, and focuses on making crypto-to-cash conversions as simple as possible through full automation. Over a million people use it now, which suggests they’ve figured out a strong way to provide solutions to this market need.
We wanted to see if the service lives up to what people are saying about it, so we looked into how it works and if the promises are legitimate or not. Let’s go through our honest review below:
What Prestmit Does
Prestmit is a digital assets platform that handles crypto conversions, gift card trading, bill payments, and eSIM purchases in one app and platform. The core function is turning crypto into local currency, which happens automatically the moment your crypto is converted to your bank account.
This automation is the main part that sets Prestmit apart from competitors who still rely on manual approvals, which unfortunately, many do. This also means you don’t have to wait for chat support or when someone will process your request, and because of that, there’s zero rate changes halfway through a transaction as some platforms struggle to offer.
The platform also handles over 50 types of gift cards, so if you’re someone who deals with both crypto and gift cards, you have more options. Let’s go into the pros and cons:
Pros
The automation works as advertised
The biggest strength here is that transactions happen instantly and automatically. Much of crypto trading can be anxiety-inducing if you have to wait for approval, so here you know exactly when your money will be available, which matters if you’re relying on those funds for something timely, like bill payments.
The interface makes sense
Prestmit has kept the design simple and easy to utilise and learn about trading throughh. You can also send, receive, sell, or withdraw with a few presses. This matters if you’re not a crypto expert and just want to cash out quickly. The learning curve is tiny, which means you can start using it immediately.
It handles more than crypto
Having gift cards, bill payments, airtime purchases, and eSIM sales all in the same app saves you from downloading multiple services so for many it’s also a money management tool that fits into their budget. If you’re already using Prestmit for crypto, being able to pay your electricity bill or top up your phone in the same place is convenient.
The rates are competitive
Prestmit is known to offer market rates for crypto conversions, so you can expect fair value for what you’re selling. The rates update in real time and display clearly before you commit to a transaction, so there’s no confusion about what you’ll receive.
It’s built for African users
The platform supports local currencies like Naira and Cedis, and the payment methods connect directly to African banks and mobile money systems. This makes the experience much better compared to global platforms that treat Africa as an afterthought and make you jump through hoops to access your money.
Cons
Geographic limitations
Prestmit primarily serves Nigeria and Ghana, which means people in other African countries can’t use it yet. If you’re in Kenya or South Africa or anywhere outside those two markets, you’ll need to look elsewhere for now. The company might expand eventually, but for the moment the coverage is limited.
No advanced trading features
Prestmit is designed for simplicity, which means there are no order books, limit orders, or advanced trading tools. If you’re someone who wants to set specific buy or sell prices and wait for the market to hit them, this platform won’t give you those options. It’s built for people who want to cash out quickly at current market rates and it has invested its current resources in that secure convenience.
Who Should Use Prestmit
Prestmit works well for people in Nigeria and Ghana who need to convert crypto to cash on a routine basis, and want the process to be fast and simple. Freelancers getting paid in Bitcoin or USDT, traders who move crypto around each week, or anyone who receives crypto payments and needs to access local currency, will find this useful.
Moreover, it’s also helpful if you’re someone who deals with gift cards alongside crypto, as having both in one platform can save so much time. The bill payment and airtime features add convenience if you’re already managing your digital transactions through the app.
How It Compares
Most crypto platforms in Africa still rely on some level of manual processing, which means delays. Prestmit’s automation removes that entirely, which is the main reason people prefer it. Other platforms might offer more cryptocurrencies or advanced trading features, but few can give you the speed and simplicity of Prestmit’s focus.
Our Final Opinion
Prestmit does what it says it’ll do, which is convert crypto to cash automatically and instantly. We found that the automation works reliably, the interface is easy to use, and we also think the platform handles enough additional features that it becomes useful, out side of just cashing out crypto.
The geographic limitations and lack of advanced trading tools mean it’s not for everyone, but for people in Nigeria and Ghana who need a simple, fast way to convert crypto to local currency, it’s one of the better options available. The fact that over a million people use it daily suggests the service has proven itself reliable, and from what we’ve seen, that reputation has been earned.
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