Best Bitcoin Wallets in Nigeria – With the soaring popularity of Bitcoin and other cryptocurrencies in Nigeria, there’s been an increased demand for ways to safely store digital currencies like Bitcoin. The decentralized digital currency has been all over the news lately, with many big businesses and personalities adopting the currency for their transactions.
If you’ve decided to join the train or you’ve been on it for a while now, it’s essential for you to create a bitcoin wallet in order to store your new cryptocurrency safely and securely. And while you can always store it with an exchange (as they usually charge lower fees than running your own wallet), this might not be the most convenient way of storing your bitcoin if you plan on using it as frequently as possible.
So, we’ve created this list of the top 7 best bitcoin wallets in Nigeria so that you can choose the one that works best for you.
Top 7 Best Bitcoin Wallets in Nigeria
1. Coinbase
Coinbase is a US-based digital asset exchange company headquartered in San Francisco, California. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam and has since grown to serve over 98 million verified customers across the globe.
In addition to being a popular bitcoin wallet provider, Coinbase is also one of the most well-known cryptocurrency exchanges. The Coinbase platform has been a hotbed for bitcoin activity in recent years, with more and more people looking to invest in digital currency.
Another great thing about Coinbase is that it’s insured against hacking and theft, so you can rest assured your funds are safe. They offer a user-friendly platform with multiple layers of security, making it a great choice for those looking for a reliable and user-friendly option.
Coinbase Pros:
- Offers a wide array of cryptocurrencies
- Low minimum funding account
- User-friendly interface
Coinbase Cons:
- Higher transaction fees than its counterpart
2. Luno
Luno is a digital currency exchange and wallet service founded in 2013. The company is incorporated in Singapore and headquartered in the United Kingdom, with an office in Nigeria, Malaysia, South Africa, Australia, Indonesia and the United States. Luno has a team of over 600 people.
Luno allows users to buy, sell, store, and trade cryptocurrencies such as bitcoin and ethereum while also offering a wallet service with two-factor authentication and advanced security features.
The Luno wallet is one of the most popular bitcoin wallets in Nigeria. It is simple to use and provides a great user experience coupled with a number of features that make it a great choice for Nigerian users.
Luno Pros:
- Easy-to-use interface
- Supports almost all third-world countries
- Secure and safe
- Low transaction fees
Luno Cons:
- Limited cryptocurrencies available
- No advanced trading tools
3. Quidax Wallet
Quidax is a digital asset exchange mainly operating in Nigeria and was founded in 2018. Despite being new in the pool of bitcoin wallets available to use, it’s garnered much attention due to the platform quality.
Quidax allows users to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. The exchange also offers a mobile app for trading on the go.
If you’re looking for a secure, easy-to-use Bitcoin wallet in Nigeria, Quidax is a great option. It’s one of the most popular wallets in the country, and it offers a variety of features that make it a good choice for both beginners and experienced users.
Quidax Wallet Pros:
- Industry-leading security measures
- User-friendly and Ease of use interface
- In addition to Bitcoin, Quidax also supports a number of other cryptocurrencies
- Low transaction fees
Quidax Wallet Cons:
- Only supports NGN fiat currency
4. Coinomi
Coinomi is a digital wallet that supports multiple cryptocurrencies, including bitcoin. The company was launched in 2014 by a team of blockchain technology experts headed by George Kimionis. Coinomi is headquartered in the United Kingdom.
Coinomi has been incredibly popular in Nigeria since its launch. This is likely due to the fact that it is one of the few wallets that allow users to store Nigerian Naira (NGN) on the platform.
If you’re looking for a bitcoin wallet in Nigeria, Coinomi is a great option. It’s a secure, easy-to-use wallet that supports a variety of cryptocurrencies. Plus, it’s available on a variety of platforms, including Android, Windows, macOS and Linux. Even if you’re not based in Nigeria, Coinomi is still a great choice for a bitcoin wallet because it’s available globally and offers 168 fiat currencies in various languages.
Coinomi Pros:
- It supports a wide variety of cryptocurrencies and fiats
- Zero transaction fees
- Easy to navigate and use interface
- Enhanced security system
- Support for multiple languages
Coinomi Cons:
- No 2-factor authentication for extra security layer
5. Trust Wallet
Trust Wallet is a secure, open-source, diverse non-custodial cryptocurrency wallet that supports Bitcoin and over 1 million different ERC20 tokens. Trust Wallet is also the official wallet of Binance. You can buy, sell, and store cryptocurrencies with Trust Wallet.
The Trust Wallet platform was founded in 2017 by Viktor Radchenko and his team of software developers. The app is available for both Android and iOS devices.
The Trust Wallet app is simple to use and has a clean interface and is very popular in the Nigeria crypto community. It also offers a variety of features, such as a built-in exchange, support for multiple languages, and an option to add a passcode for extra security.
Trust Wallet Pros:
- Supports more than 1 million cryptocurrencies and altcoins
- Easy to use and setup
Trust Wallet Cons:
- Trust Wallet is an easy target of phishing attacks
6. Kraken Wallet
Kraken is a US-based cryptocurrency exchange, founded in 2011 by Jesse Powell. The exchange offers a wide variety of digital assets to buy and sell such as Bitcoin, Ethereum, Litecoin, and morel, as well as a suite of tools and services for businesses and developers. Kraken is one of the most popular exchanges in Nigeria and is a great choice for anyone looking for a reliable and user-friendly platform to trade cryptocurrencies.
Kraken Wallet Pros:
- 24/7 customer support
- A user-friendly interface
- A wide variety of coins to buy, sell or trade
- Fast and secure transactions
- A mobile app for trading on the go
Kraken Wallet Cons:
- Higher transaction fees when not using Kraken Pro
- Susceptible to hacks
7. Paxful
Paxful is a leading peer-to-peer bitcoin marketplace and wallet service based in the United States. The company was founded in 2015 by Ray Youssef and Artur Schaback. Paxful allows users to buy and sell bitcoin with over 400 payment methods, including bank transfers, gift cards, and PayPal.
In May 2019, Paxful launched its Paxful Wallet app for iOS and Android devices.
Paxful is one of the available bitcoin wallets in Nigeria and offers a variety of features that make it a great choice for those looking to store their bitcoins. Paxful offers a user-friendly interface, a wide range of payment methods, and 24/7 customer support.
Paxful Pros:
- Instant cryptocurrencies buy
- Fixed transaction fees
- Multiple payments method
Paxful Cons:
- Unregulated peer-to-peer exchange leads to scams
- No phone support
Conclusion on Best Bitcoin Wallets in Nigeria
The cryptocurrency industry in Nigeria is still relatively new and unexplored. However, with the recent surge in interest and adoption of Bitcoin, more and more people are looking for ways to store and manage their digital assets. In this post, we’ve gone over the top 7 best Bitcoin wallets available to Nigerians.
Hope this will help you find the best cryptocurrency wallet to safely and securely store your digital assets.
REFERENCE
- Primegatedigital.com – Best Bitcoin Wallets in Nigeria
- Coinbase.com -Coinbase
- Luno.com – Luno
- Quidax.com – Quidax Wallet
- Coinomi.com – Coinomi
- Trustwallet.com – Trust Wallet
- Kraken.com – Kraken Wallet
- Paxful.com – Paxful
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