The bitcoin industry is expanding quickly and becoming more and more well-known. This includes Nigerian bitcoin wallets. As the use of digital money increases, more companies are making the decision to do so.
The best moment to start using bitcoin as a payment method is right now, if you haven’t already. Bitcoin is a peer-to-peer electronic currency that enables direct payments between individuals without the assistance of banking institutions.
It is one of the most well-liked methods of online payment, and many companies have started using it. There are several ways to store and access your bitcoin, but not every one of them is appropriate for use worldwide. Here, we’ll examine the buying, selling, and storage options for bitcoin in Nigeria.
Nigeria’s Top 12 Best Bitcoin Wallets
Blockchain technology has significantly changed the landscape of digital currency. Without the need for a centralized authority, it has made it possible for people to exchange and barter money.
Additionally, it enables consumers to send payments swiftly, affordably, securely, and with few costs. The only issue is that not everyone is able to use Bitcoin or other currencies based on blockchains. Due to this, we made the decision to investigate how to purchase Bitcoin in Nigeria.
1. Binance Wallet
Although the cryptocurrency business is developing, it is still a new and unregulated sector. Individuals require a safe location to keep their digital assets in order to be able to acquire and sell cryptocurrencies.
The Binance wallet can be useful in this situation. You can buy, sell, and exchange cryptocurrency with this decentralized app. It utilizes blockchain technology and offers an equivalent level of security to conventional exchanges.
You can purchase, sell, and trade cryptocurrency using your phone and the Binance wallet. It contains a built-in cryptocurrency called BNB that can be used to cover transaction and trading fees. The wallet is also connected to Binance DEX, a decentralized marketplace that enables direct cryptocurrency trading with other users.
2. Trezor Wallet
Cold Wallet is another name for the Trezor wallet. You won’t need to worry if you use a trezor wallet because it is regarded as one of the best and most secure wallets in Nigeria.
Because the private keys for the Trezor wallet are physically stored on the device rather than on a desktop, laptop, or mobile device, it is safer than other software wallets.
Since this wallet is not linked to a server on the internet, hackers cannot access your money. It is one of the top Bitcoin wallets in Nigeria because of its reputation for great security.
3. Ledger Wallet
Another hardware wallet that is regarded as one of the top Bitcoin wallets in Nigeria is this one. Both the Ledger Nano S and Ledger Nano X hardware wallets, which are both included with the Ledger wallet, perform incredible tasks.
These two wallets have USB storage wallets that enable users to perform a variety of tasks, including as transmitting and receiving Bitcoin from blockchains and running third-party applications on the device.
4. Luno Wallet
Users of the free cryptocurrency software Luno can quickly purchase and sell cryptocurrencies. Users that use their phone as a wallet can also receive prizes.
Everyone can use the straightforward software Luno, which is also free. Since it doesn’t require any technological expertise, it’s excellent for novices.
Contact them at firstname.lastname@example.org if you have any inquiries regarding Luno or complaints.
Security is highly important to Luno. One-time sign-in codes will be sent to your email each time you check in via the website to prevent tampering with your account.
You can enable and disable the ability to send cryptocurrency to external wallets with Luno. The “Bitcoin ban in Nigeria” prevents residents of that country from purchasing Bitcoin directly from the platform. In addition, Luno has some of the best customer assistance of any Bitcoin wallet.
5. Paxful Wallet
A peer-to-peer (P2P) bitcoin trading platform is called Paxful. They are the first fully licensed P2P bitcoin trading platform in the world. Paxful was created with openness, privacy, and security in mind.
They are dedicated to giving customers the greatest trading experience and assisting customers in increasing their wealth. The “Bitcoin ban in Nigeria” can be lifted by using the safe p2p network to buy and sell bitcoin in Nigeria.
Because Paxful offers trustworthy wallet security, you don’t need to be concerned about your security. Anyone interested in trading Bitcoin in Nigeria should definitely consider Paxful.
6. Busha Wallet
Even though not many people are aware of this wallet, it is one of the top Bitcoin wallets available in Nigeria. A multi-sig wallet with a lot of popularity is Busha.
A multi-sig wallet is what exactly? A cryptocurrency wallet that requires two or more private keys to sign and send a transaction is known as a multi-sig wallet.
One of the nicest and most remarkable wallets available is this one. Anyone may start buying and trading Bitcoin and other cryptocurrencies using Busha.
7. Trust wallet
I may presume that you’ve at least heard a passing mention of the Trust wallet. One of the most reputable and highly secure cryptocurrency wallets in the entire globe is recognized to be Trust wallet.
You can purchase, store, exchange, and earn cryptocurrency using a trust wallet. It was found that Binance switched to the Trust wallet as their official wallet in 2018.
Trust wallet is quick and precise. It takes less than five minutes to purchase bitcoins. Additionally, some in-app security features including biometric scanning and pins have been implemented. Using a reliable wallet is really simple.
8. Bitcoin wallet Bitpay
The greatest and most amazing Bitcoin wallet for use in Nigeria is this one. This wallet’s advantage is that it enables users to store, transmit, and receive both Bitcoin and Bitcoin Cash.
The ability to exchange your bitcoins for fiat currency and then proceed to make purchases using bitcoin is another intriguing feature of Bitpay. Additionally, Bitpay offers its users Visa cards that may be used to withdraw cash from any ATM that takes cryptocurrency anywhere in the world. Prices are shown in about 150 different currencies, and this wallet is convenient to use in Nigeria.
9. Kraken Wallet
Since its 2011 debut, Kraken has unquestionably developed into one of the largest cryptocurrency marketplaces available. You don’t need to worry about anything with Kraken.
It’s quite easy to buy, sell, and trade bitcoins. However, this wallet offers very affordable rates for withdrawals. with deposits with no fees. On Kraken, Nigerians can trade more than 20 unique cryptocurrencies. On Kraken, your money is completely secure.
10. Coinomi Wallet
A reputable web and mobile wallet is provided by Coinomi (iOS and Android). With over 100,000 customers, Coinomi, a 2014 startup, is regarded as one of the most reliable wallets in the world.
Coinomi is one of the top bitcoin wallets in Nigeria to take into consideration if you’re looking for a reliable wallet to use. In addition to supporting 382 ERC20 tokens and more than 125 cryptocurrencies, the Coinomi wallet is multilingual.
11. Remitano Wallet
Remitano is a peer-to-peer cryptocurrency trading platform with escrow. The Remitano wallet is designed more for trading than for keeping digital currencies.
Remitano is still among the best bitcoin wallets for Nigerian users, nonetheless. You can switch back and forth between different digital currencies with Remitano’s Swap feature.
Despite the limited number of currencies that Remitano supports. The prominent cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), and Ripple are supported, nevertheless (XRP). The Remitano platform provides excellent assistance, and the user interface is simple to use.
12. Presmit Wallet
One of the top bitcoin wallets in Nigeria, Presmit, is starting to gain recognition. Gift cards, bitcoin, USDT, litecoin, and dogecoin are just a few examples of the digital assets that may be traded, purchased, and sold on Presmit.
For payments on Presmit, you can use Naira, bitcoin, or USDT. You obtain a bitcoin wallet as soon as you create a Presmit account. You can trade any quantity of bitcoin using a Presmit bitcoin wallet; there is no minimum or maximum. A cutting-edge bitcoin wallet is available from Presmit, allowing you to transfer, receive, and store your BTC.
The platform’s security and customer assistance when problems arise should be your top considerations when choosing a Bitcoin wallet. It will be preferable to choose a wallet like Binance if you’re a trader who will probably need quick access to the cryptocurrency market. On the other hand, you utilize wallets like Ledger and Trezor if you want to store your bitcoin or other cryptocurrency for a long time.