Last Updated on August 27, 2023
Nigerians have become some of the biggest users of cryptocurrency worldwide, as the adoption of crypto and other altcoins continues to rise.
If you’re looking to join the crypto train in Nigeria, then it’s important you understand the need for apps for cryptocurrency trading in Nigeria.
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301 People are Reading: Games & Apps That Pay Real Money in Nigeria
Crypto Wallet: Hot, Cold, Custodial & Exchange wallets
A crypto wallet is no different from the normal physical wallet you use to hold your cash and cards. A crypto wallet is essentially a cryptocurrency wallet for storing digital money (cryptocurrencies).
A cryptocurrency wallet is an application or device used to store and manage cryptocurrencies. This wallet has a private and public key which are tools that are used to manage your crypto transactions. A crypto wallet is what you’ll use to interact with your cryptocurrencies.
Hot wallets are the ones you use on the web and on mobile apps. They are the less secure crypto wallets since they are online and need an internet connection to use them, this internet connection can leave them open to remote attacks.
269 People are Reading: Best P2P Crypto Exchanges in Nigeria
Plain simple Security!. While a lot of people use crypto exchanges for storing their crypto, it can be risky to do this as it exposes your digital assets to hacks as these exchanges operate online. If the exchange gets hacked, you might never see your cryptocurrencies again.
- Coinbase Wallet
- Luno Wallet
- Quidax Wallet
- Coinomi Wallet
- Trust Wallet
- Remitano Wallet
- Paxful Wallet
- Presmit Wallet
- Busha Wallet
- Patricia Wallet
Best Apps for Cryptocurrency Trading in Nigeria
Coinbase launched in 2012 and is now one of the most popular crypto platforms in the world for providing a safe and user-friendly way to buy and trade multiple cryptocurrencies. This is evident with its over 43 million customers around the globe.
Coinbase wallet is one of the top cryptocurrency trading apps in Nigeria as it supports many different crypto assets, has access to decentralized apps (DApps), uses bank-level security, and offers Cloud integration (Google Drive and iCloud).
But it’s important to note that Nigerians can only use Coinbase’s wallet services to transfer their coins between Coinbase and other wallets, Trading on the Coinbase exchange itself is not available for Nigerians.
However, if you’re an advanced crypto person, you can use Coinbase Pro to access advanced tools like the ability to monitor fluctuations in the market in real-time.
Note: Аlthough you can download the Coinbase Wallet and send cryptos to other wallets and from other wallets to your Coinbase wallet. You can not trade on Coinbase as an exchange, as Nigeria is not one of Nigeria’s supported countries for this feature as of May 2021.
However, you can send cryptocurrencies from other wallets to your Luno wallet and use them to trade. Luno supports 5 cryptocurrencies that you can trade:crypto – BTC, Ethereum – ETH, crypto Cash – BCH, Ripple XRP, and Litecoin LTC.
Quidax is another one of the best cryptocurrency trading apps in Nigeria. it is both a trusted cryptocurrency exchange and a wallet provider that has users from over 70 countries. The Quidax Wallet allows you to trade and exchange cryptocurrencies on the platform.
Quidax which is headquartered in Malta has never been hacked or scammed. You can access your Quidax wallet via the web and through the Quidax app. However, its web wallet does not give you access to your private key.Quidax which recently launched a P2P service currently supports 6 Currencies; crypto (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dash (DASH), Tether (USDT)
Bitpay also provides visa cards to its users which can be used to withdraw cash from any ATM that accepts cryptos around the globe.
The BitPay wallet supports over 200 countries (including Nigeria) and displays prices in about 150 currencies.
With this open-source wallet you can buy, store, collect NFTs, exchange & earn crypto. You can exchange your crypto without leaving the Trust wallet app, and track charts and crypto prices within the app.
Binance acquired Trust Wallet in 2018 as its official wallet. With Trust Wallet, you can buy crypto in less than five minutes, earn interest on the crypto in your wallet and store your collectables (Art & NFTs) in one place.
There are no extra fees when you buy & sell on Buycoins.
Remitano’s wallet is geared towards trading cryptos rather than storing. However, Remitano is still one of the better Bitcoin wallets in Nigeria that are out there.
Remitano’s Swap feature allows you to swap between digital currencies, back and forth. Despite the fact that Remitano doesn’t support that many currencies.
But it has support for popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), and Ripple (XRP). Remitano’s interface is easy to use and the platform offers very good support.
Paxful is one of the cryptocurrency trading apps in Nigeria you can trust. Paxful is a great crypto platform for trading crypto just ask the over 3 million people who have used the Paxful wallet to send and receive crypto in Nigeria.
You can use the Paxful wallet on all your devices. It lets you easily manage your crypto funds and top up directly via the Paxful peer-to-peer marketplace. So you can send or receive crypto in just a few clicks.
Multi-sig wallets have been said to be one of the most secure and fail-proof ways to store cryptocurrency.
13. Patricia Wallet
Patricia lets you do more with crypto than just sell, buy or transfer. You can buy data, buy gift cards and buy international airtime with Crypto.
The Patricia wallet can be accessed via desktop, mobile, or online by signing into your Patricia account or signing up as a new user your wallet is accessible.
Patricia wallet provides extra security layers like two-factor authentication and additional pin code requirements every time a wallet application gets opened.
You should consider the Patricia wallet if you want a bitcoin wallet in Nigeria that you can easily use to make everyday payments.