You need a wallet that is safe and secure to keep your cryptocurrency assets, just like you would for your money. So, which Bitcoin wallet provider in Nigeria will give you peace of mind over the safety of your assets?
Note: JostPay initially made this list, but it was removed because it has been inaccessible for several months.
So, where can you get free crypto wallets in Nigeria?
YellowCard
YellowCard crypto exchange is my No. 1 choice. I have used it for more than four years, and it has been a great experience. After signing up and verifying your identity, you will get a crypto wallet for each of the 10 available coins on the yellowcard app.
It is currently present in at least 20 African countries, including Nigeria.
Downside of YellowCard Exchange
It supports a limited number of coins, thereby restricting how users can expand their crypto portfolio. This might be for security reasons and the company’s standards to minimise users’s exposure to questionable coins. The YellowCard App continues to provide a secure Bitcoin wallet and a security-proven crypto environment for its users.
Paxful
This company operates in several parts of the world. Paxful specifically caught my attention because it’s an all-in-one cryptocurrency platform.
Apart from being a trading platform for digital coins, Paxful also allows you to send money to anyone, anywhere in the world.
With Paxful, you might not need a third party to process transactions. It’s a great P2P platform you can use after the CBN banned banks from processing crypto-related transactions.
Features of Paxful:
Bitcoin Wallet: Yes. You can get your own Bitcoin wallet on Paxful to store your BTC or send payments anytime.
Buy and Sell Feature: You can buy and sell Bitcoin directly on the platform. You can also create an offer if you have Bitcoin to sell.
Security Level: Paxful offers a secure escrow feature, making it a safe P2P trading platform for anyone, anywhere in the world.
There are also more flexible ways to make payments and send money from Nigeria to any part of the world, with different deposit methods and an estimated receiving time of 30 minutes.
Apart from the fact that Bitcoin wallet sign-up on Paxful is easy and simple, it is still one of the most secure Bitcoin wallet providers in Nigeria because of its safe environment.
Luno
Luno is one of the most secure Bitcoin wallet providers in Nigeria. What I love about Luno is that you can generate your own Bitcoin wallet address on Luno.com and start funding it.
You can generate a different wallet address for each transaction, which is a secure way to trade cryptocurrency.
Security Level: High—You can set up two-factor authentication (2FA) to make your account more secure.
Remitano
Remitano is another Bitcoin platform that makes digital coin investing simple and easy for everyone. You don’t need to be a computer-savvy person to use this platform.
It is not only available in Nigeria but also in countries like the United States, Australia, Malaysia, Vietnam, Cambodia, and China.
Benefits of Remitano include:
BTC Wallet: Yes, you can get your own BTC wallet address on Remitano.
Trading: Ability to buy and sell Bitcoin directly on the platform.
Security Level: High—A login link is sent to your email every time you try to log in. If your session expires, the login link becomes invalid after 15 minutes.
You can also set up two-factor authentication to secure your account from hackers. Trades on Remitano are fast, and customer support is always ready to assist whenever a user initiates a trade (buyer and seller).
Other crypto exchanges in Nigeria provide secure crypto wallets and have transitioned into peer-to-peer platforms following the CBN’s anti-crypto policies in February 2021, which banned banks from supporting crypto-related transactions.
Final Thoughts
If you’re looking for a reliable Bitcoin wallet provider in Nigeria, any of these four options will serve you well. Whether you’re a beginner or an experienced trader, these platforms offer secure wallets, flexible trading options, and strong security features to protect your assets.
I agree, ngexchanger is great also, you could maybe check it out
Nice write up, it’s not really a good idea to leave your assets in exchanges, the best way to go is to purchase an hardware wallet like trezor or ledger..
Please check out Exchange Indeed. They buy and sell e-currencies at the best rate in Nigeria.
Hi Adekunle,
We checked exchangeindeed.com right now but found that the site is under maintenance. We may include it on this list when you’re fully back online.
Hello,
I learnt that coinpayment isn’t an acceptable payment processor in Nigeria.
It is even listed as one of the processors not available in Nigeria.
Please kindly confirm and clarify.
Thanks.
Thank you Chris. The post has been updated.
Ngexchanger.com is also a good bitcoin wallet provider in Nigeria. They also buy and sell Bitcoin, PerfectMoney, Ethereum and other Cryptocurrency.
Then one can create bitcoin account on the site too, to send, receive, and to keep his bitcoins. Why not check it out.