You need a wallet that is save and secure to keep your cryptocurrency assets just like you would for your money, so which crypto wallet providers in Nigeria will give you rest of mind over the safety of your assets?
Table of Contents
Good part…Some of them will give you 3-in-1 cryptocurrency wallets: bitcoin, litecoin and ethereum, which makes sending and receiving money easier.
1) Jostpay.com
Update: Jostpay was undergoing major upgrade the last time we checked (May 8, 2024)
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.
Available coins on jostpay:
- Bitcoin
- BitcoinCash
- Litecoin
- Ethereum
- Dogecoin
- Dash
- Zcash
Jostpay Account set-up
Account set up on jostpay is simple but a bit technical as it requires lots of 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
OR
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
Jostpay is simply a bank in your hand!
How to Create a bitcoin wallet on jostpay
Step 1: Enter www.jostpay.com in any browser of your choice, preferably Google Chrome, or Mozilla Firefox
Step 2: Enter your first name, last name, email address, select your country, and your phone number
Step 3: Enter your jostpay referral ID (optional)
Step 4: Create an account, and verify your email address.
Step 5: 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.
2) paxful.com
Paxful is my number two Bitcoin exchange in Nigeria. This company operates in other parts of the world. Paxful specifically caught my attention because it’s an all-in-one cryptocurrency platform.
Apart from the fact it’s a trading platform for digital coins, paxful also has a feature where you can send money to anyone, anywhere in the world.
With paxful, you might not need a third party to make a transaction for you. It’s a great P2P platform you can use after the CBN banned banks from processing crypto-related transactions.
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.
Buy and sell feature: On this platform, you can buy and sell bitcoin without going outside the website. You also create an offer in case you have some bitcoins to sell.
Security level: The secure Escrow feature is available on paxful, making it a safe P2P trading platform for anyone 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 secure environment.
3) Luno.com
One of the most secure bitcoin wallet providers in Nigeria. What I love about luno is the fact that you can generate your own bitcoin wallet address on luno.com and start funding it.
You can generate a different wallet address for different transactions, which is mostly a secure way to trade in cryptocurrency.
Security level: High, you can set up two-factor authentication to make your account more secure.
4) Remitano.com
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 the 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 address any time you are trying to login into 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 hackers. Trades on remitano is also faster and customer support is always ready to assist whenever a user initiates a trade (buyer and seller)
5) Yellowcard.io
With operations in 15 African countries (including Nigeria), the downside of Yellowcard.io/nigeria is that it supports only a limited cryptocurrency in Nigeria: bitcoin (BTC), ethereum (ETH), tether (USDT), but its P2P platform provides a secured bitcoin wallet and a security-proven crypto environment for its users.
Recap;
Quidax.com is another crypto firm that makes it easy to purchase cryptocurrencies in Nigeria and makes provisions for crypto wallets. For Crypto traders in the United States, the best wallets for you can be found in one of our articles.
There are other crypto exchanges in Nigeria that provide secured crypto wallets and have turned into peer-to-peer platforms following the anti-crypto policies by the CBN in February 2021, which banned banks from supporting crypto-relating transactions.
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.