How To Create Bitcoin Wallet Online In Nigeria
What Are Bitcoin Wallets?
Bitcoin wallets are digital wallets that are used to send and receive Bitcoins.
They contain cryptographic information used to access Bitcoin addresses and send transactions.
Also, they are used to store and manage other cryptocurrencies.
Put simply, a bitcoin wallet creates the interaction between a user and his cryptos.
Wallets can either be in cold storage (offline) or hot storage (online) form.
Hot wallets are the least secure because internet connection exposes them to remote attacks.
Examples are web, desktop, and mobile wallets.
On the other hand, cold wallets provide more security.
However, they are vulnerable to physical attacks.
Examples are paper wallets, hardware wallets, and brain wallets.
Moving on, I will now describe the bitcoin wallets best suited for use in Nigeria.
How To Open Free Bitcoin Wallet In Nigeria
When it comes to cryptocurrencies such as Bitcoin, a bitcoin wallet address is very essential. A Bitcoin wallet address is made up of a string of 26-35 alphanumeric characters, that allows you to send and receive bitcoin.
Any bitcoin address can be used to transfer cryptocurrency to any other address on the network, provided the sender’s wallet software supports that address type. All addresses represent a destination on the Bitcoin network.
Creating a bitcoin wallet in Nigeria is very easy. Wallets come on different platforms with different features in Nigeria. However, it’s advisable you always go for the best. This guide will help you to find the best Bitcoin wallet in Nigeria for you.
How Do I Get A Free Bitcoin Wallet Address In Nigeria?
There are various ways to get a free wallet address in Nigeria. Prominent among them is by signing up to a platform that offers a free bitcoin wallet address.
In this article, I describe the 6 best bitcoin wallets you should have if you live in Nigeria because Bitcoin/cryptocurrency adoption in Nigeria has been on the increase.
And as such, you must keep your bitcoin safe in a trusted wallet to prevent losses.
My list comprises both hot wallets and cold wallets. Let’s start with the Hot wallets.
Hot Wallets
Lets start with Cardtonic is one of the platforms that provides a free bitcoin wallet address in Nigeria. It is an online broker trading platform that facilitates the buying and selling of bitcoin, as well as gift cards. The bitcoin/gift card trading platform is designed to aid the buying and selling of bitcoin.
1. Cardtonic
Cardtonic now offers Bitcoin Wallet Address for all users. The idea is that for each Bitcoin transaction, users will generate a unique, single-use address to provide to senders.
Why Cardtonic Offers The Best Bitcoin Wallet Address In Nigeria
Cardtonic has a nationwide reach, serving traders across Nigeria. Safe to say that it is also one of the largest gift card and Cryptocurrency exchange platforms in Nigeria.
Cardtonic deals in bitcoin and gift cards exchange, and at the same time provides a bitcoin wallet address that is of blockchain standard.
It is also one of the foremost bitcoin trading sites in Nigeria as it has greatly simplified the process for customers. The competitive advantage ranges from offering one of the fastest transaction times to having an extensive customer support system that is always on hand to provide assistance, not leaving behind the amazing bitcoin exchange rates. Thus, Cardtonic is raising the bar on bitcoin trading.
Therefore, with all the ease around bitcoin trading on Cardtonic, whether you are trading little or large, you’d like to get value and ease for them. And apart from the fact that there are a limited number of platforms that have such features in Nigeria, not every service can be trusted in terms of security, efficiency, and exchange rate. All these can be guaranteed with Cardtonic.
How To Create Bitcoin Wallet Address On Cardtonic
To create an address on Cardtonic, follow the steps below:
- Visit the website or download the mobile app on your android or iOS.
- As a user, proceed to the bitcoin trade page and generate your bitcoin address
- The address becomes permanently yours. You can receive bitcoin into your address at any time.
- Any amount of bitcoins sent to your address will be automatically added to your naira balance at the corresponding rates.
- Bitcoin trades on Cardtonic are completely automated and require no human or manual intervention.
2. Luno
Luno is a cryptocurrency exchange/wallet provider. It was launched in 2013 as BitX.
The company is headquartered in Singapore and has spread to several parts of the world.
Luno records its highest trade volume in South Africa, followed closely by Nigeria.
It offers the following services and products:
- Instant buy/sell
- Exchange
- Wallet
- Luno Business
- Luno API
- Savings Wallets
Supported Crypto
- Bitcoin BTC
- Ethereum ETH
- Bitcoin Cash BCH
- Ripple XRP
- Litecoin LTC
- USD Coin USDC
Fiat
- Nigerian Naira NGN
- South African Rand ZAR
- Euros EUR
- Indonesian Rupees IDR
- Malaysian Ringgit MYR
- Zimbabwean Kwacha ZMN
Note that Luno allows you to only access the fiat wallet for your country.
3. Quidax
The second wallet on my list of best bitcoin wallets in Nigeria is Quidax.
It is a cryptocurrency exchange/wallet provider that was launched in August 2018.
The headquarters is in Malta but the platform has most of its operations here in Nigeria.
It offers the basic services needed for any crypto investor to interact in the crypto market.
They include;
- Instant Buy/Sell
- Order Book
- Wallet
- Quidax API
- P2P
- Quidax Vault
Quidax provides web wallets for all the cryptocurrencies it supports, + NGN wallets both on the web interface and mobile app.
It has users from over 70 countries showing it can be trusted.
No hacks or scam has been reported on Quidax.
Supported Crypto
- Bitcoin BTC
- Ethereum ETH
- Ripple XRP
- Litecoin LTC
- Dash DASH
- Tether USDT
Fiat
Nigerian Naira (NGN)
4. Coinomi
Coinomi is a mobile wallet that is available on Android, desktop, and iOS versions.
The wallet was founded in 2014 and is one of the oldest and most reputed wallets with 100,000+ users worldwide.
Also, it is very efficient for use in Nigeria.
The wallet is multi-lingual and provides support for over 125 cryptocurrencies and 382 ERC20 tokens.
Supported crypto:
- Bitcoin
- Ethereum
- Ethereum Classic
- Litecoin
- Dogecoin
- Zcash
- Monero
- Ripple
- Asiacoin
- Digibyte, etc
5. Bitpay
Another wallet that made my list of best bitcoin wallets in Nigeria is Bitpay.
It is a crypto payment processing platform that is based in Atlanta, Georgia.
Bitpay was established in 2011 and it launched its wallet service in 2016.
This wallet allows you to convert bitcoin to fiat and buy items with bitcoin.
Additionally, Bitpay provides visa cards to its users which can be used to withdraw cash from any ATM that accepts cryptos around the globe.
If you need to pay for products or services online, then you will surely need a Bitpay wallet.
Furthermore, Bitpay is available in over 200 countries including Nigeria.
Supported Crypto
- Bitcoin BTC
- Ethereum ETH
- Bitcoin Cash BCH
- Gemini Dollars GUSD
- Paxos PAX
- USD coin USDC, etc.
Fiat
- Australian Dollar AUD
- Euros EUR
- Pounds Sterling GBP
- Mexican Peso MXN
- Newzealand Dollar NZD
- United States Dollar USD
- South African Rand ZAR
6. Breet
Breet also made my 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. Superb!
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.
Supported Crypto
- Bitcoin
- Litecoin
- Ethereum
- Dogecoin
- BCH
Fiat
- Nigerian Naira NGN
- Ghana Cedis GHS
