In this article we are presenting you best and most secure wallet to use in Nigeria.Image should be like this
Remember, Nigeria government had banned Nigerians from dealing with crypto currency.
The CBN claimed that cryptocurrencies are created by unregulated and unregistered companies, and hence usage in Nigeria violated existing laws since they are not legal money.
Another rationale was the volatility of cryptocurrencies, which it claimed jeopardized the stability of other countries' financial systems. Read more
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Almost every financial transaction in the
world has legal ramifications, and
cryptocurrency is no exception. The uniqueness of the currency has undoubtedly
contributed to the problems connected with
its global regulation.
With these changing global financial trend,
Nigeria's financial regulatory agencies
should take the lead in building a solid
financial system and regulation that would
accept contemporary technology. And,
despite the potential for abuse connected
with crypto currency trade, it should not be
rejected in its entirety; rather, rigorous
regulations should be put in place to limit
its misuse.
Meanwhile, by claiming that cryptocurrencies
are not legal tender in Nigeria, the Central
Bank of Nigeria (CBN) is essentially
indicating that cryptocurrencies are not
officially recognised as money in Nigeria,
but that they are not unlawful.
Aside from the influence of the Cyber Crime
Act 2015, the Securities and Exchange
Commission (SEC) cooperating with the
Central Bank of Nigeria (CBN) to regulate
cryptocurrency trading is a laudable effort
toward building a legal framework for
cryptocurrencies in Nigeria. More regulatory
action is required. Read more
You need to know what crypto currency is all about.
A cryptocurrency (or “crypto”) is a digital
currency that can be used to buy goods and
services, but uses an online ledger with strong
cryptography to secure online transactions. Much
of the interest in these unregulated currencies is
to trade for profit, with speculators at times
driving prices skyward.
The most popular cryptocurrency, bitcoin, has
had volatile price moves this year, reaching
nearly $65,000 in April before losing nearly half
its value in May. By mid-October, the price had
risen rapidly again: it hit an all-time high above
$66,000 before falling back slightly. (You can
check the current price to buy bitcoin here.
With the help of crypto experts at The Money
Mongers, we have picked some of the best Bitcoin
wallets, which are absolutely easy to use. Plus, it is
extremely secure, so you won’t lose your
investments to hackers.
The followings are the best and most secure wallet in Nigeria. These are;
The aboved are the Best Crypto Wallets in Nigeria.
Any of these wallet you can
Store your coins but for you to buy you need like binance or other exchange platforms as Nigerian due to ban of federal government.
I only have an account with Blockchain, Luno, Trust wallet and binance.
I buy my coins on binance and send it to my Blockchain wallet for safety. You can also do the same.
So let’s quickly go ahead and explain how they are:
How to earn free bitcoin
Blockchain.
Luno.
Exodus.
Atomic Cryptocurrency Wallet.
Coinomi.
Trustwallet.
Ledger Nano X.
Trezor Model T.
Guarda.
Binance.
1- Blockchain.
Blockchain was established by Ben Reeves
in 2011. He launched a website which could be
used to track bitcoin transactions. The
website was a block explorer, a website that
allowed bitcoin users to see the details of public
cryptocurrency transactions if they have the
identifying hash code for the transaction.Click here to sign up Blockchain.
Blockchain.com provides a platform for holding, using, managing crypto assets, and exploring cryptocurrency transactions. It also develops financial services standards and infrastructure for cryptocurrencies. The company's platform provides market data and analytics. It follows cryptocurrency's aims of being decentralized and anonymous; some of its cryptocurrency products are managed by the end user and not accessible by Blockchain.com itself.
The company offers a hosted cryptocurrency wallet which is a method to store cryptocurrency in a digital file that can be accessed online. The wallet can be used with different cryptocurrencies and stablecoins . Its wallets can be used to send and receive digital currency transactions, as well as swap between different cryptocurrencies. Blockchain.com has a non- custodial wallet, meaning that it is controlled completely by the user and the company has no access to the wallet's data. Users access their wallet with a private key, a recovery phrase known only to the user.Read more.
Luno.
Luno wallet is where you keep your crypto coins but of course, they aren’t real coins but rather private keys that allow you to interact with the Bitcoin blockchain. You use a Bitcoin wallet to buy, sell and store coins.Click here to sign up Luno.This wallet is one of best and secure wallet in Nigeria.
Exodus.
Exodus is one of the best crypto wallets available out there. It offers you Desktop and mobile wallets and hardware wallets.It comes with a very simple user interface and comes with an exchange built-in. Also, it is a multi- currency wallet that supports more than a hundred cryptocurrencies. As a result, Bitcoin is not the only coin you would be able to store in it.
The crypto wallet was originally available for Desktop. But now, it has apps for Android and iOS. One of the popular features of this wallet is that it has the ability to swap between cryptocurrencies. It supports swaps between 1000 different crypto coins.
Moreover, Exodus is absolutely free to download. Plus, it does not have any transaction fee for sending or receiving cryptocurrencies.Click here to sign up Exodus.
4. Atomic Cryptocurrency Wallet.
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. Click here to sign up Atomic Cryptocurrency Wallet.
5. Coinomi.
Coinomi is one of the trusted cryptocurrency wallets that you can check out. The wallet offers you strong security. So you can be assured that your funds are safe and secure. Moreover, it allows you to purchase crypto directly from Coinomi. Plus, it doesn’t have any fee for sending or receiving cryptocurrencies. The wallet also lets you send and receive over 1,770 different cryptocurrencies. So you can almost store all your crypto investments on this single wallet.It is also available for iOS, Android, Mac, Windows, and Linux. So you can manage your crypto assets across a wide range of devices. Plus, it comes with SegWit support . So if you are sending bitcoin or litecoin, you would enjoy faster confirmations. Also, it has slow transaction fees. Click here to sign up Coinomi.
6. Trustwallet.
Unlike the other names on this page, Trust wallet is a mobile crypto wallet available for Android and iOS devices.With this one, you will buy, store, collect NFTs, exchange, and earn crypto. The app allows you to buy Bitcoin or any other cryptocurrency with your card. Also, you will be able to trade crypto with ease.
Trust Wallet is an open-source solution that is decentralized and supports over 160K+ assets. Also, it allows you to stake your crypto coins and earn interest.
Moreover, it also comes with a built-in Web3 browser that allows users to buy cryptocurrencies through the native DEX that operates on the Kyber Network.
Plus, it offers you access to various DApps built on the Ethereum platform directly through the Trust Wallet app.Click here to sign up Trustwallet.
7. Ledger Nano X.
If you are looking for a hardware Bitcoin wallet, check out Ledger Nano X. This is one of the most popular yet secure hardware wallets available. The hardware wallet allows you to buy Bitcoin and other cryptocurrencies in an easy and secure way. Also, it allows you to exchange cryptocurrencies in seconds.One of the best parts of it, it is extremely secure and comes with a custom-built OS named BOLOS and CC EAL5+ Certified Secure Element Chip. So you can enjoy the ultimate security and stay assured that your investments are safe.
Ledger Nano X is also pretty straightforward to use. Also, it requires a desktop or mobile app to operate. Overall, it is a great wallet if you are planning to HDOL your crypto investments.Click here to sign up Ledger Nano X.
8. Trezor Model T.
Trezor Model T is another popular hardware crypto wallet. This one is an advanced hardware wallet that allows you to manage all your digital assets in one place. It is also a popular choice for Defi wallet.It lets you store and encrypt your Bitcoin public keys, passwords, and other digital tokens in a single place. Even, it supports more than 7000 different cryptocurrencies and cryptocurrency assets.
Along with that, it offers you top-notch security and comes with an easy to use interface. Also, its touchscreen makes it easy for you to navigate.Click here to sign up Trezor Model T.
One of the best features is that you can set up a recovery phrase of 12 to 14 letters and numbers.
So you can use this recovery phrase to recover your crypto even if you lose your device.
9. Guarda.
This one offers you multiple types of Bitcoin wallets. Such as Desktop, mobile, and web wallets. Plus, there is also a Chrome extension.Along with that, it allows you to buy Bitcoin, Ethereum, and 50 other coins easily and right from the wallet. Or you can instantly exchange crypto for over 50 countries at the best exchange rates.
You can also earn crypto with Staking. There are lots of trending assets are available for staking, and you can earn up to 40% annual yield. Moreover, it supports over 50 major blockchains and over 400K tokens of all leading protocols. Talking about the charges, it is absolutely free to download and use the app. But you have to pay a 3.5% fee while using the built-in exchange service.Click here to Sign up Guarda.
10-Binance.
Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands.Click here to sign up Binance.
Conclusion
So those were some of the best Bitcoin wallets
available in Nigeria. Now go ahead and check these
names out and see which one suits your
requirements the most.
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