Popular. Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it. Luno also offers an Instant Buy feature. Oct 25, · How We Chose the Best Bitcoin Wallets We looked at more than a dozen Bitcoin wallets all over the world and decided on the top four based on factors such as security, costs, and customer reviews. Nov 06, · 5 Most Trusted & Secured Bitcoin Wallet To Store Bitcoins In Nigeria. 1. Coinbase.. Coinbase is one of the easiest ways to buy, sell and hold cryptocurrencies such as Bitcoin, Ethereum and 2. Blockchain Wallet.. Blockchain claims to be the .
Best btc wallet in nigeriaTop 5 Best Apps To Buy Bitcoin in Nigeria - GadgetStripe
Please visit LocalBitcoins for its exact pricing terms. NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit. BitPesa is a Bitcoin remittance company. BitPesa also has a presence in 2 other African countries. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. Purchase method for Kenya is coming soon.
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. While Luno or NairaEX will let you do this, their interfaces are similar to Coinbase in that they're geared toward retail investing rather than trading. Additionally, liquidity may not be great enough on these smaller exchanges to avoid slippage, which will cut into your profitable trades and magnify your losses.
The best platforms for trading are the large exchanges with global coverage. These exchanges list hundreds of asset pairs, have deep orderbooks, and are less prone to downtime than smaller operations.
You may find CoinMarketCap's ranking of exchanges by overall liquidity useful when deciding where to take your business. In addition to Binance - whose offerings tailored to Nigerian customers we went through above - some good choices of exchange are Kraken , Bitfinex , and Coinbase Pro.
All of these exchanges will provide you with a customizable trading interface, complete with all the tools and indicators you could need to maximize your chances of trading profitably. We've compiled a list of the best Bitcoin exchanges in Nigeria, from locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerian users.
NairaEX touts itself as "Nigeria's Premier Bitcoin Exchange" and it is indeed the only Nigeria-based exchange currently open for trading. There are no additional trading fees for buying or selling on NairaEX.
Instead, fees are baked into the price of the asset. You can see the current spread on NairaEX's homepage. One major benefit of NairaEX's setup is that it is a non-custodial exchange. This means that your assets are not held in a centralized wallet, which are prone to hacks, but instead are sent directly to your own wallet once the transaction has been processed.
Their official blog has a helpful post outlining the differences between Bitcoin and Perfect Money for those unfamiliar with both e-currencies. Luno was originally launched as BitX in and since then it has grown to be a player in some niche markets around the world.
Deriving most of its volume from South Africa, Luno is also popular in Nigeria and has recently expanded to service Bitcoiners in Uganda too.
Add to this list Europe, Indonesia, and Malaysia, and you've got yourself an exchange worth considering. Luno aims to provide a competing service to Coinbase , and has made its offerings available in many countries not served by the larger exchange. Since our original in-depth review of Luno , they've added support for Litecoin , which along with Bitcoin, Ethereum, and XRP are available for trading.
One Bitcoin is still worth thousands of dollars today. As cryptocurrencies like Bitcoin continue to exist or even appreciate in value, individuals may become interested in owning some, but it's important to understand how to safely store Bitcoin. To accommodate those looking to safely invest in Bitcoin, we have assembled a list of the best Bitcoin wallets and storage devices.
Some of these wallets have more features than others, including the ability to store more cryptocurrencies than just Bitcoin, as well as added security measures.
This list goes in no particular order other than having hot wallets come first, but that does not mean hot wallets are better. To learn about the differences in specific wallet types, such as hot and cold wallets , you can check below this list for detailed information.
For now, you can think of hot wallets as a less secure way to make transactions quickly and cold wallets as a more secure way to store for longer terms, though we do recommend that you understand these concepts entirely before choosing a wallet, as safe storage is key. Exodus is a desktop and mobile wallet with a very simple user interface and an exchange built-in.
Exodus currently allows for swaps between over different cryptocurrencies. With its simplicity, this wallet is great for beginners just getting into the crypto space. It also has great support, which is an essential feature for beginners getting into what many would consider a confusing market. While it is great for beginners, more advanced users may find it lacking in some features. First, Exodus is a closed source wallet.
This goes against the ethos of the idea of Bitcoin and blockchain and can create some security concerns as its code is not open for everyone to see. Instead, users rely on the Exodus team to ensure there are no holes in the security of its wallet. Exodus has an option to set custom fees in addition to automatically setting a fee that ensures the transaction completes quickly. Electrum is one of the original Bitcoin wallets.
While this wallet is bare-bones in terms of its user interface and its commitment to only Bitcoin, it excels at this primary function. Electrum is also more suited for advanced users due to its complex options.
Electrum is open source, allows its users to set custom transaction fees, and has the option to choose between legacy Bitcoin and Segwit. It also offers users the ability to determine the level of security they wish to use. For example, you can create a standard wallet, one with two-factor authentication, or a multi-signature wallet.
You can also elongate your seed phrase with custom words. Electrum is perfect for the more advanced Bitcoin holder who wants great security features and customizability all in a simple layout. Mycelium is an open-source and mobile-only Bitcoin wallet.
Mycelium currently only supports Bitcoin. Mycelium, like Electrum, is one of the earlier wallets in the space. The Ledger Nano X is the second generation hardware wallet from Ledger, a French company that has been involved in the cryptocurrency space for several years.
This means that you can connect the wallet to your iOS or Android device and do not need a computer. It supports well over 1, cryptocurrencies. It also has a mobile app. Also Read: Quidax Review and Comparisons. Coinomi is originally a mobile wallet that was only available on androids. It recently developed its desktop and iOS versions. The wallet was founded in and is one of the oldest and reputed wallets with over a hundred thousand users worldwide. I have reviewed Coinom i Wallet and I can say it is completely reliable and very efficient for use in Nigeria.
The wallet is multi-lingual and provides support for over cryptocurrencies and ERC20 tokens. Some of the crypto supported are;. Bitpay is a crypto payment processing platform that is based in Atlanta, Georgia. It was established in but had only launched its wallets service back in Bitpay provides visa card to its users which can be used to withdraw cash from any ATM that accepts cryptos around the globe.
Bitpay is available in over countries including Nigeria. The table below displays the best hardware wallets to use in Nigeria. These hardware wallets are better bought directly from the manufacturers or any authorized sellers.
Trezor One. Read Review. There are several others available. I only picked out the best to enable you to have a hitch-free crypto experience. If yes, tell me your experience so far or you can ask any questions you might have regarding the post.
Hi, thank you for your help and information. Does it mean Bundle wallet is not safe? Cos I also read that bundle is one of the best bitcoin wallet in Nigeria. Please I want to know. Thank you.