Since bitcoin and alternative cryptocurrencies continue to gain popularity in Nigeria, the country is one of the biggest cryptocurrency users worldwide.
The need for bitcoin wallets in Nigeria or any type of crypto wallet for that matter is critical if you want to join the bitcoin train in Nigeria.
To ensure the safety of your bitcoins, you need to use bitcoin wallets in Nigeria that are secure and allow you to manage your crypto transactions well.
Since there are so many different cryptocurrency wallets available right now, detecting the good ones from the bad can be difficult when it comes to picking the best cryptocurrency wallet in Nigeria.
In this article, we’ll examine some of the best cryptocurrency or bitcoin wallets available to investors in Nigeria.
What Is A Crypto Wallet?
A cryptocurrency wallet is a digital tool that keeps track of your public and private keys, allowing you to send and receive cryptocurrencies.
Instead of storing money, crypto wallets store the public and private keys that give you access to your virtual currency.
Bitcoin and other cryptocurrencies are received using public keys. You can share your public key with others so they may send you Bitcoin or another cryptocurrency.
Private keys are used to move funds between addresses. If you wish to send or spend your cryptocurrencies, you’ll need access to your private keys.
Never give anybody your private keys because they would have access to your money.
Consider your private keys to be the password for your online banking account, and don’t share them with anyone.
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15 Best Bitcoin Wallets in Nigeria
Listed below are the best selected Bitcoin Wallets in Nigeria:
1. Coinbase Bitcoin Wallet
Coinbase launched in 2012 and is now one of the most popular crypto platforms in the world for providing a safe and user-friendly way to buy and trade multiple cryptocurrencies. This is evident with its over 43 million customers around the globe.
Coinbase wallet is one of the top bitcoin wallets in Nigeria, as it supports many different crypto assets, access to decentralized apps (DApps), uses bank-level security, and offers Cloud integration (Google Drive and iCloud).
But it’s important to note that Nigerians can only use Coinbase’s wallet services to transfer their coins between Coinbase and other wallets, Trading on the Coinbase exchange itself is not available for Nigerians.
Coinbase is very easy to use especially for beginners its ease of use. However, if you’re an advanced crypto person, you can use the Coinbase Pro to access advanced tools like the ability to monitor fluctuations on the market in real-time.
2. Luno Bitcoin Wallet
First Launched in 2013 as BitX. Luno is both a cryptocurrency exchange and a wallet provider.
Luno is still one of the best bitcoin wallets in Nigeria to use despite the CBN circular that stops its Nigerian users from depositing and withdrawing from the Luno app.
But you can still trade cryptocurrencies on Luno. You can’t just deposit from a Nigerian bank account to your Luno wallet and you can deposit from your Luno wallet to your Nigerian bank account.
However, you can send cryptocurrencies from other wallets to your Luno wallet and use it to trade.
3. Quidax Wallet
Quidax is another one of the best bitcoin wallets in Nigeria. it is both a trusted cryptocurrency exchange and a wallet provider that has users from over 70 countries.
The Quidax Wallet allows you to trade and exchange cryptocurrencies on the platform.
Quidax which is headquartered in Malta has never been hacked or scammed. You can access your Quidax wallet via the web and through the Quidax app. However, its web wallet does not give you access to your private key.
Quidax which recently launched a P2P service currently supports 6 Currencies; Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dash (DASH), Tether (USDT).
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4. Coinomi Wallet
Coinomi offers a reliable web and mobile wallet (iOS and Android).
Coinomi started in 2014 and is considered one of the reputable wallets in the world with over a hundred thousand users.
If you’re looking for an efficient wallet to use, Coinomi is one of the best bitcoin wallets in Nigeria to consider.
The Coinomi wallet is multi-lingual and provides support for over 125 cryptocurrencies and 382 ERC20 tokens.
5. Bitpay Wallet
BitPay is one of the best bitcoin wallets in Nigeria to use. This online cryptocurrency wallet gives owners access to store, send or receive Bitcoin (BTC) and Bitcoin Cash (BCH).
With Bitpay you can convert bitcoins to fiat and buy items with bitcoin. Bitpay also provides visa cards to its users which can be used to withdraw cash from any ATM that accepts cryptos around the globe.
All your transactions on Bitpay go through an account that can be managed on multiple devices.
The Bitpay wallet also has a clear user interface for easy navigation for users.
The BitPay wallet supports over 200 countries (including Nigeria) and displays prices in about 150 currencies.
The Bitpay Chrome version can also integrate with hardware wallets. if you need to pay for products or services online using a bitcoin wallet in Nigeria, then you should open a Bitpay wallet.
6. Trust Wallet
Trust wallet is one of the most trusted & secure Bitcoin wallets in the world. Just ask the 10 million+ people using Trust Wallet.
With this open-source wallet you can buy, store, collect NFTs, exchange & earn crypto.
You can exchange your crypto without leaving the Trust wallet app, track charts and crypto prices within the app.
Binance acquired Trust Wallet in 2018 as its official wallet.
With Trust wallet, you can buy Bitcoin in less than five minutes, earn interest on the crypto in your wallet and store your collectibles (Art & NFTs) in one place.
Trust Wallet supports over 150 cryptocurrencies including ERC 20 tokens. Its server-free infrastructure means no one has access to your assets except you.
It has some added in-app security like Pin and biometric scanning
Trust wallet has a simple and easy to use interface as well as cross-platform support.
7. Kraken Wallet
Kraken launched in 2011 and has since grown to become one of the biggest crypto platforms out there.
Kraken offers one of the most trusted bitcoin wallets in Nigeria for buying, selling, storing and trading cryptocurrencies.
Kraken was the first cryptocurrency exchange to pass a Proof of Reservation crypto audit.
This crypto platform offers some of the lowest transaction fees among cryptocurrency exchanges.
It also offers very competitive rates for withdrawals on its wallet, while offering zero-fee deposits.
Nigerians can trade more than 20 different cryptocurrencies on Kraken.
Funds stored on Kraken are deemed to be highly secure.
Kraken’s app interface is easy for users to use in transacting in cryptocurrencies.
See Also: 20 Best P2P Crypto Exchanges in Nigeria 2022
8. Buycoins Wallet
Buycoins is one of the popular bitcoin wallets in Nigeria to buy, sell, and manage your cryptocurrency portfolio.
Buycoins offers a secure wallet to store your cryptocurrencies for free.
With this crypto platform, there are Zero transaction fees. There are no extra fees when you buy & sell on Buycoins.
Buycoins secure P2P trading platform is also very popular among Nigerians.
9. Remitano Wallet
Remitano is an escrow peer-to-peer crypto trading platform
Remitano’s bitcoin wallets is geared towards trading cryptos than storing. However, Remitano is still one of the better bitcoin wallets in Nigeria that are out there.
Remitano’s Swap feature allows you to swap between digital currencies, back and forth.
Despite the fact that Remitano doesn’t support that many currencies. But it has support for popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP).
Remitano’s interface is easy to use and the platform offers very good support.
10. Paxful Wallet
Paxful is one of the bitcoin wallets in Nigeria you can trust. Paxful is a great crypto platform for trading Bitcoin just ask the over 3 million people who have used the Paxful wallet to send and receive bitcoin in Nigeria.
Paxful wallet uses best-in-class security so you’ll never have to choose between security and convenience when doing bitcoin transactions.
It’s simple to use the platform but lacks support for other digital currencies.
You can use the Paxful wallet on all your devices. It lets you easily manage your bitcoin funds and top up directly via the Paxful peer-to-peer marketplace. So you can send or receive bitcoin in just a few clicks.
The multiple payment options on Paxful wallet include gift cards, debit or credit cards, cash, and Skrill.
Paxful also has excellent customer support.
See Also: 20 Best Crypto-Friendly Banks in US, Canada, Europe (2022)
11. Presmit Wallet
Presmit bitcoin wallets is starting to gain popularity as one of the best bitcoin wallets in Nigeria.
Presmit is a platform for trading, buying and selling digital assets like gift cards, bitcoin, USDT, litecoin, and dogecoin. You can use Naira, bitcoin or USDT for making payments on Presmit.
Once you open a Presmit account, you automatically own a bitcoin wallet. There’s no minimum or maximum amount of bitcoin you can trade using a Presmit bitcoin wallet.
Presmit offers a state of the art bitcoin wallet where you can send, receive and save your BTC.
12. Patricia Wallet
Patricia lets you do more with crypto than just sell, buy or transfer. You can buy data, buy gift cards and buy international airtime with Crypto.
The Patricia bitcoin wallets can be accessed via desktop, mobile, or online by signing into your Patricia account or signing up as a new user your wallet is accessible.
Patricia wallet provides extra security layers like two-factor authentication and additional pin code requirements every time a wallet application gets opened.
You should consider the Patricia wallet if you want a bitcoin wallet in Nigeria that you can easily use to make everyday payments.
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13. Breet
Breet also made our list of the best bitcoin wallets in Nigeria.
It is an OTC cryptocurrency exchange platform that allows anyone in Nigeria to sell their crypto and receive cash in their Naira bank account.
The wallet launched in February 2022 and it is an automated crypto-to-fiat app.
Using Breet, you can convert and withdraw your crypto in five minutes.
Also, it charges zero fees for withdrawal and users earn point rewards from time to time.
Additionally, Breet helps you secure your funds using two-factor verification.
And its customer care is available 24/7.
Impressively, this platform also serves as a payment gateway for businesses that accept crypto payments.
The Breet app is available for download on Google Playstore and Apple store.
14. ZenGo
ZenGo is a non-custodial, keyless crypto wallet that’s significantly more secure than traditional wallets while still being extremely easy to use.
It supports more than 70 crypto assets, and it takes less than 30 seconds to open your free ZenGo wallet.
ZenGo’s proprietary keyless technology means that your crypto is protected by two independently created mathematical secret shares: one that lives on your phone, and another that lives in the cloud.
This unique setup means that your coins are always 100% secure, and that you’ll never have any trouble accessing them, even if your phone is lost, stolen, or broken, or if ZenGo (the company) were to cease operations.
ZenGo is a free software wallet, which means you don’t need to buy an expensive piece of hardware like the others on this list. Sending and receiving crypto to and from your ZenGo wallet is also free, and they offer 24/7 customer support, answering most support queries in 5 minutes or less.
Overall, ZenGo represents the next generation of crypto wallets: with top-level security inside an easy to use app
15. Atomic Wallet
Atomic Cryptocurrency Wallet is one of the best bitcoin wallets in Nigeria. Atomic Cryptocurrency Wallet is a beginner friendly Bitcoin wallet that is free to download.
The coolest part of it, it allows you to buy crypto directly from the wallet. So if you don’t own crypto assets already or want to add more coins to your portfolio, this feature surely helps.
Another best part of it is that it supports more than 300 coins, including popular names like BTC, LTC, ETH, XRP, and more.
Moreover, the Bitcoin wallet is also available for a wide range of devices. This includes Windows, Mac, Linux, Android, and iOS.
Talking about the fees, there are no fees for downloading and using the wallet. But it may charge certain fees for some features. So you need to look after it.
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CONCLUSION
Those are some of the best Bitcoin wallets you can use in Nigeria these days. Check out these list to see which one fits your needs best.