At a time when everyone is excited about the price of the cryptocurrency, one of the best ways to protect your asset is to choose wisely bitcoin wallet providers that make the security of their users a priority.
In this post, we’ll tell you most secured crypto wallet providers in Nigeria and share with you some of the things that make them the best.
During the cryptocurrency boom between 2016-2017, many crypto traders sprang up, while some of them provide wallet, we have some focusing on bitcoin exchange services.
While you’re ready to take the plunge into cryptocurrency trading in Nigeria, in this post we’ll give you the list of most secured BTC wallet providers in Nigeria.
Good part…Some of them will give you 3-in-1 cryptocurrency wallets: bitcoin, litecoin and ethereum, which makes sending and receiving money easier.
Here is the list of:
Most Secured Bitcoin Wallet Providers in Nigeria
I had set up my bitcoin wallet with another foreign firm before I stumbled upon a Nigerian cryptocurrency firm called jostpay.com.
It can simply be called Nigeria’s No. 1 reliable bitcoin wallet provider for Nigerians and anyone around the world.
The features I found on this platform beat most of the foreign firms that provide the same services in cryptocurrency world.
You can get three different digital coins wallet..plus jostpay wallet:
- BTC wallet
- Ethereum wallet
- Litecoin wallet
Jostpay wallet: You can withdraw your bitcoin, ethereum, and litecoin balancee into Jostpay wallet.
Right in front of every coin is the buy option button that takes you to a partner site where you can fund your bitcoin, ethereum or litecoin wallet, or add funds into your jostpay balance which you can spend any time.
Jostpay is integrated with your local bank account, meaning you can easily transfer your bitcoin balance or your ethereum balance or your litecoin balance into your Nigeria bank account, which you can withdraw in Nigerian Naira any time.
Bitcoin to Nigerian Naira: Through this feature, converting balances in your BTC, ETH, and litecoin wallet is made easy. It means you don’t need to source for buyers in the open market. Any balance in your jostpay wallet can as well be transferred into your account within minutes.
Jostpay Account set-up
Account set up on jostpay is simple but a bit technical as it requires lots verifications. This is understandable for a company that has numerous features in a country where online fraudsters are rampant.
But with the security features put in place by jostpay, it’ll be extremely difficult for an outsider to hack any account with this platform.
Security Level: I’m giving jostpay.com 5stars. This platform is the most secured digital platform right now in Nigeria with following security pass verification:
- Email Authentication
- 2 Factor Authentication
- SMS Authentication
- Transfer pin code?
Guideline for Verification
Below are the list of steps required and the information you may be required to provide. Any personal information you provide is treated as confidential.
Email Verification: Your valid Email address will be needed for verification
Bank Verification: Your personal and active NUBAN (10 digit) bank account number with the name of the bank is required
Drivers’ License Verification: Your license number and date of birth is required
Photo Capture: You will be required to take your face ID
ID Capture: Your personal and valid ID card is required for photo capture
Other features on jostpay
- Ability to buy any of the digital coins directly from your bank using your debit/credit card
- Ability to withdraw your btc balance to your local bank account
- Ability to send money to anyone anywhere in the world. Send Virtual Currencies To any Country and Receive Payment. You can send virtual currencies in an exchange for cash to any Bank. You must have added funds to your wallet before you can perform this operation.
- Ability to receive payment from anyone, anywhere in the world.
- Ability to transfer money to anyone in the world.
Jostpay is simply a bank in your hand!
How to Create a bitcoin wallet on jostpay.com
Enter www.jostpay.com in any browser of your choice, preferably Google Chrome, or Mozilla Firefox, because you will be required to capture your face ID if you are using a tablet (with front camera feature) or a laptop with a webcam
Step 2: Enter your first name, last name, email address, select your country, and your phone number
Step 3: Enter your jostpay referral ID (Opeyemi-11766). Note: This is optional, but if you use my code I’d be compensated by the company. You have nothing to lose if you use it.
And hit create account, and verify your email address.
From there, proceed to verify your identity.
Jostpay is one of our most Secured Bitcoin Wallet Providers in Nigeria because of its strong security features.
Paxful is my number two Bitcoin eexchange in Nigeria. This company operates in other parts of the world. Paxful specifically caught my attention because it’s all-in-one cryptocurrency platform.
Apart from the fact it’s a trading platform for digital coins, paxful also has feature where you can send money to anyone, anywhere in the world. With paxful, you might not need third party to make transaction for you.
Some of the features of paxful.com include:
Bitcoin Wallet: Yes. You can get your own bitcoin wallet on paxful for you to store your btc, or from which you can send payment any time.
It makes it simple to purchase bitcoin via your debit or credit card.
Buy and sell feature: On this platform, you can buy and sell bitcoin without going outside the website. You also create offer in case you have some bitcoins to sell.
Minimum trade: Minimum trade on paxful is 20 USD
Security level: High. Secure Escrow feature is available on paxful, making it safe trading platform for anyone in anywhere around the world.
There is also more flexible ways to make payment, and send money from Nigeria to any part of the world with different deposit methods with an estimated receiving time of 30 minutes.
Apart from the fact Bitcoin wallet sign up on paxful is very easy and simple, yet is one of the most secured bitcoin wallet providers in Nigeria because of its secured environment.
One of the most secured bitcoin wallet providers in Nigeria. What I love about luno is the fact that one can purchase bitcoin and ethereum using debit or credit card via your Nigerian bank account.With as low as N300 Nigerian Naira, you can start investing in bitcoin and ethereum.
Other features of luno include:
BTC Wallet: You can generate your own bitcoin wallet address on luno.com and start funding it. You can generate different wallet address for different transactions, which is mostly secured way to trade in cryptocurrency.
ETH Wallet: You can also get ethereum wallet address on luno and fund it right away via your debit card.
Security level: High, you can set up Two factor authentication to make your account more secured.
Luno is designed with the love of an average people in heart. Fast transaction
Luno bitcoin wallet account set up and how to buy bitcoin and ethereum via your debit card
Step 1: If you’ve never used luno, then you need to set up an account, takes less than 120 seconds to get it running.
Step 2: Enter your email address and password
Step 3: Login to your email to confirm it
Step 4: Now that you’re in your luno backoffice, click on Settings to set up your personal details. This would enable your account to be upgraded and have access to all the services provided by luno. This is simply a verification stage.
Step 5: Enter your phone number, a verification code would be sent to you, enter it and submit it. Alternatively, you can opt for Call Me option.
Step 6: Move back to the personal details, on the same page as step 5, click on upgrade. On this step your Bank Verification Number (BVN for Nigeria) would be required. The process might be different in your country.
Upgrade means to raise your limit. When you perform this task your limit is raised from level 0 to level 1 and your limit is set at N200,000 (Nigerian Naira), depending on your country. To upgrade from level 1 to another level you need additional means of identity.
Note (For Nigerian users):
Please make sure to use your name as it appears in your bank and BVN. If the name you enter doesn’t match with your BVN, your account won’t be verified and your level would be set at Level 0, meaning you won’t be able to perform anything on the luno platform.
If you complete the first upgrade luno sends you update on your dashboard thus:
Step 8: Click on Add Wallet, you might be prompted to automatically add Ethereum wallet don’t worry, go ahead to add it. You can then go back to click on Wallet in your dashboard, which now displays three options: BTC Wallet, ETH Wallet and NGN Wallet. Our aim is to add BTC wallet.
Step 9: Click on BTC logo to get Bitcoin Wallet: Transactions, Addresses. Choose addresses
Step 10: Click on create bitcoin address. If you like you can name your address because you have the opportunity to generate different btc address for different transaction.
Click on wallet again, under the BTC logo choose buy to make deposit. This takes us to the next part…
Remitano.com is another bitcoin platform that makes digital coin investing simple and easy for everyone. You don’t need to a computer savvy to use this platform.
It is not only available in Nigeria, but in some other countries like United States, Australia, Malaysia, Vietnam, Cambodia, and China.
Benefits of remitano include the following:
BTC Wallet: Yes. You can get your own BTC wallet address on remitano.
Trading: Ability to buy and sell bitcoin right on the platform
Security level: High. A login link is sent to your email email address any time you are trying to login to your account, and when your session expires, the login link expires in 15 minutes
You can also set up two-way authentication to secure your account from hacker.
How to set up bitcoin wallet on remitano and purchase BTC
Step 1: Sign up for an account on Remitano using a valid e-mail address
Step 2: Check your email to confirm your email address
Step 3: Login back to your account, this time to verify your phone number and upload the necessary documents in order to have full access to the features of remitano.
Step 4: When login, on top of the page, click on “SETTING”
Click on verify phone number. Input your phone number, a code would be sent to you, enter it to complete phone number verification
Upload the necessary documents and click on UPDATE PROFILE
If you like you can connect any of your social media accounts to your profile, but this isn’t important.
Step 5: For security reasons, above your profile is Authy Authentication click on it to choose which authentication you want any time you want to gain access to your dashboard. I prefer Google Authenticator, which you can download on your android phone.
Download it and click on +sign on the app on your device, to scan the code on your PC. Better still, you can download remitano app from the store and follow the instructions, very easy and fast to set up.
Now that your account has been set, you’re now ready to fund your remitano wallet.
Note: You must first fund your remitano btc wallet before buying USI-TECH Bitcoin Pack.
Step 6: On top of the page click on BUY/SELL BTC, on that page scroll down to see the list of sellers in your country.
Payment Method: Payment methods accepted on Remitano include:
Bank/Wire Transfer/online banking transfer/Credit/debit card
Step 7: Check the trading range of the seller and click on the one that suits your purpose.
Enter the amount you want to buy, and click on BUY BTC. Follow other instructions on the mode of payment. Your BTC wallet would be funded when escrow service provided on this platform confirms your payment, then your BTC wallet would be funded
Please add some little amount to give room for other charges on the exchange platform.
Please give some time for the blockchain to confirm the transfer, that’s when your BTC is funded. It could take up to 15 minutes.
There is a 1% transaction fee charged on Remitano. This Transaction fee is already included in the listing so you do not need to pay a separate 1% additional fee when you buy bitcoin. Also, you are not charged the standard Bitcoin Transaction fee, it is taken from the initial 1% fee.
There are two major trading security measures on remitano to ensure a secure trading, viz:
Reputation System – The reputation rank of each trader is made public; this includes their trade history, how fast they complete their transaction, and how a seller has been rated by a buyer.
Escrow – When any user-buyer or seller-opens up a transaction, Remitano Escrow Service hold the funds until either buyer or seller performs his own part.
Step 8: On your dashboard click on BTC Wallet to check your balance
Remitano is just one of our most secured bitcoin wallet providers in Nigeria, but it’s great customer support features.
Another most secured bitcoin wallet providers in Nigeria is bitkoin.africa, another BTC exchange that gives Nigerians to buy and sell bitcoin with considerable charges and easy to use.
One of the features of bitcoin.africa is the fact that you can quickly buy bitcoin without the need to create an account, but you’ll need to register to enjoy the full benefits of this platform.
Other features of bitcoin.africa include:
BTC wallet: On this platform you’re given the privilege to create your own BTC wallet address which you can generate within seconds.
Easy and fast account set up, all you need do is to verify your account to start posting trade without any trade fees. However, you’re charged 0.5% when your Trade Postings successfully buy or sell Bitcoin.
Verification: Your Bank Verification Number (BVN) will be needed to start enjoying the full benefits of this platform. Make sure you enter exactly the details you have in your BVN.
LocalBitcoins.com can simply be called a cryptocurrency market for bitcoin with long list of buyers and sellers to choose from.
One of the things that makes localbitcoins unique is the fact that the quantity of bitcoin sellers are willing to sell is segmented, which makes it simpler for buyers to know who to buy from.
For instance seller A selling range could be N10,000 to N50,000, while seller B selling range could be N100,000-N500,000 etc.
No matter how small the quantity of btc portion you want to buy you’ll always find a buyer that will serve your need.
Buyers are also given the privilege to rate sellers. High rating means more trading opportunities to sellers. A seller with good rating stands a better trading chance than the other with poor recommendations.
Localbitcoins’ escrow or transaction service protects the buyer and seller of bitcoins…both traders are protected by this service.
LocalBitcoins.com supports wide range of world payment methods.
Other benefits of localbitcoins include:
People from different countries can exchange their local currency to bitcoins.
As a user you can post advertisements, and state your exchange rate and payment methods for buying or selling bitcoins.
Through this platform you can agree to meet your prospective trading partner, alternatively trade directly with online banking.
BTC Wallet: Most Secured Bitcoin Wallet Providers in NigeriaYes. You can get your own bitcoin wallet address on localbitcoins, and ability to generate different wallet address for different transactions.
This platform is basically designed for merchants who sell and want to accept different cryptocurrency online. Accept over 105 altcoins now for only 0.50%, Over 645,500 vendors across 182 different countries. Coinpayments is one of the most Secured Bitcoin Wallet Providers in Nigeria
CoinPayments is a Canadian cryptocurrency payment platform that accepts over 65 altcoins at a flat transaction fee of 0.50%. The payment platform is catered towards merchants or anyone who sells services online.
There are some controversies surrounding this merchant cryptocurrency platform over allegation of lost wallet some time ago, but the company now prides itself as “the first and largest payment processor of over 65 cryptocurrencies.” The platform is used by 234,500 vendors across 182 different countries.
Today, CoinPayments integrates with a number of popular shopping carts used by eCommerce stores – including PrestaShop, Woo Commerce, Opencart, and Magento.
Another unique feature of CoinPayments is that you can “pay by name”. Each CoinPayments merchant has an address that looks like $CoinPayments. You send altcoins to that address to pay the merchant.
In addition to working with eCommerce businesses, CoinPayments offers a POS system that can be used to accept payments in person.
It’s popular among businesses who want to accept cryptocurrencies, but don’t want to go through the process of individually accepting each currency. With CoinPayments, they can accept over 65 popular cryptocurrencies at once.
CoinPayments comes with all of the following features:
BitGo Instant: CoinPayments supports BitGo Instant, which makes bitcoin payments faster than usual.
Secured With BitGo: The CoinPayments hot wallet is secured by BitGo, which means all of the company’s funds are protected by multisig technology.
Vault: You can “Vault” your coins, which means you set a required amount of time before being able to spend them. This locks your coins down securely.
Mobile Apps: Access your account, accept payments in person, and convert coins anywhere using the mobile apps available for Android and iOS.
Fiat Settlements: US-based and Europe-based merchants can have fiat settlements directly to their bank accounts.
Auto Coin Conversion: Some coins are available for auto conversion, so you avoid the hassle of moving funds around on your own.
Point Of Sale (POS): CoinPayments has a simple POS interface that allows you to accept transactions in-person.
Multi-Coin Wallet: Store your coins in a secure online wallet.
Are you a merchant?
8) blockchain.info bitcoin wallet
Another place where you can get secured bitcoin wallet in Nigeria is on blockchain.info. However, you must remember your security details, it’s for your protection.
How to get blockchain bitcoin wallet:
Use the sign form to set up your account https://blockchain.info/wallet/#/signup
Is there any digital coin platform that supports bitcoin wallet in Nigeria which isn’t on this list, you’re free to add and we’ll check it out.
Last Updated on January 2, 2021 by Opeyemi Quadri