Breet — review & details
A Nigerian-registered crypto app (Inbreetic Technologies Limited) focused on making crypto spendable: users receive or buy coins and cash out to naira in minutes, with 40+ assets supported. It is registered with the Nigerian Financial Intelligence Unit and states it has a pending application to SEC Nigeria's Accelerated Regulatory Incubation Programme — pending, not approved.
Breet
- Both directions supported: buy with naira and sell to naira, with cash-out advertised in minutes
- Nigerian-registered company with NFIU registration and a PCI DSS compliance claim on its site
- 40+ supported assets and a receive-from-anywhere flow suited to getting paid in crypto
- Crypto prices are highly volatile and there is no investor-protection or deposit-insurance cover for losses
- Its SEC Nigeria ARIP application is still pending — it does not yet hold approval-in-principle, unlike Quidax, Busha or Luno
- Custodial model: the platform holds your coins between receipt and cash-out, so platform risk is yours to weigh
Fees, eligibility & documents
- Nigerian (and Ghanaian) users aged 18 or over
- Identity verification (KYC) required
- A Nigerian bank account for naira withdrawals
- Government-issued photo ID
- Phone number and selfie verification
- Bank account details for cash-out
How Breet compares in crypto exchanges
| Breet | Quidax | Busha | |
|---|---|---|---|
| Ngn Support | Buy crypto and stablecoins with naira; sell and cash out to Nigerian bank accounts | — | — |
| Speed | Advertises cash-out in minutes and instant delivery on purchases | — | — |
| Licence/ Registration | Registered in Nigeria (Inbreetic Technologies Ltd) with the NFIU; ARIP application to SEC Nigeria is pending, not granted | — | — |
| Best For | Freelancers and traders who mainly want a fast crypto-to-naira off-ramp | Local, regulated buying | Simple naira buying |
| Visit Breet → | Visit Quidax → | Visit Busha → |
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