A crypto wallet is essential for purchasing, trading, and selling cryptos. They are essential to merchants for safe crypto storage and encrypting and validating transaction data. Custom crypto wallets provide traders with a focused solution as opposed to those of crypto exchanges, whether hardware or software, also referred to as hot and cold storage.
In this article, you will learn more about the best cryptocurrency wallet in Nigeria, how they operate, and how to pick one.
Disclaimer: This material is not intended to be a recommendation of any particular provider, service, or offering, including cryptocurrencies. It does not constitute a trading suggestion.
Quick Glance: Best Cryptocurrency Wallets In Nigeria – 2023
- Ledger Nano S Plus – Best wallet overall
- Ledger Nano X – Best hardware wallet
- Exodus – Best wallet for beginners
- Atomic Wallet – Best desktop wallet
- Breet Wallet – Best mobile wallet and exchange wallet
- Trezor Model T – Best wallet for experienced users
- MetaMask – Best Web3 wallet
- Crypto.com DeFi Wallet – Best wallet for DeFi
8 Best Recommended Crypto Wallets In Nigeria In 2023
Let’s explore as we analyse the best cryptocurrency wallet in Nigeria.
1. Ledger Nano S Plus – Best wallet overall
Due to Ledger’s strong security, an extensive selection of cryptocurrencies, and reasonably priced NFTs at $79, the Nano S Plus is our choice for the best overall cryptocurrency wallet.
Ledger, a French business, has produced the Nano S Plus hardware wallet since 2014. Ledger Wallet has a spotless security history with no known hardware security flaws.
You may trade cryptocurrencies, make purchases with debit and credit cards, and even stake them using the related Ledger Live app. To communicate with his DeFi protocol while keeping your private keys offline, you can even sync your device with MetaMask. Finding another wallet that provides as much value at such a low cost will be difficult.
2. Ledger Nano X – Best hardware wallet
One of the most well-liked and functional hardware wallets available is the Ledger Nano X. It was selected as the best hardware wallet because of its strong security, comprehensive crypto support, and compatibility with the desktop and mobile interfaces.
Ledger has a long history of offering digital assets industry-standard security.
The Nano X hardware has a Ledger Live program that can manage up to 5,500 cryptocurrencies, Ethereum and Polygon NFTs, and a variety of DeFi apps accessible from a single interface on PC and mobile devices.
Ledger Live also allows you to stake your preferred digital assets. You can manage your cryptocurrencies while on the go thanks to Nano X’s Bluetooth functionality and compatibility with both Android and iOS mobile devices.
3. Exodus – Best wallet for beginners
A desktop and mobile software wallet called Exodus Wallet gives users access to different cryptocurrencies. Exodus supports blockchain assets like Bitcoin, Ethereum, and Solana, whereas many wallets can only manage coins on a single network. It is a great pick for beginning wallets due to its all-in-one feature.
A portfolio overview function in the wallet helps you keep track of your holdings. Additionally, you can trade digital assets using the wallet’s built-in exchange if you want to diversify your crypto holdings. Exodus can also install other cryptocurrencies, such as Algorand (ALGO) and Cosmos (ATOM).
Keys to your assets can be kept in your Trezor hardware wallet for extra security, making upgrading simple if you wish to go pro.
Exodus’ helpful support team is one of its aspects that is most user-friendly for beginners. Expect a response to your email asking for help within an hour.
4. Atomic Wallet – Best desktop wallet
Because it supports 500+ cryptocurrencies and tokens across 50+ blockchains in a single software and is accessible on Windows, Mac, and Linux, Atomic Wallet is our choice for the best desktop wallet.
Both pros and amateurs enjoy using it because of its user-friendly UI.
Konstantin Gladych, the CEO of Changelly, unveiled this wallet in 2017. You may trade cryptocurrency and make purchases using your credit and debit cards using Changelly, a decentralised cryptocurrency exchange linked with Atomic Wallet.
Cardano (ADA), Cosmos (ATOM), and Tezos (XTZ) are just a few of the more than ten digital assets that can be staked. The wallet also has his NFT gallery for the Solana blockchain. You can contact our round-the-clock customer service department if you experience any issues while using Atomic Wallet.
5. Breet Wallet – Best mobile wallet and exchange wallet
If they merely need to accept it and obtain a flat equal in their coin, Breet is a platform for an automatic cryptocurrency exchange that enables individuals and organisations to rapidly convert their cryptocurrency into fiat currency.
By employing Breet’s over-the-counter trading approach, you may be able to skip the misery of recurring charts of the cryptocurrency market and the tiresome reasons for what bitcoin is and how it works. Without using peer-to-peer trading or a third-party agent, Breet enables users to safely convert and withdraw their cryptocurrencies into real money in less than 5 (five) minutes.
You can have money in your bank account in only a few clicks and within five minutes. Businesses can now accept cryptocurrencies as a payment method without making their customers wait hours to confirm the purchase is a wonderful benefit. In addition to selling Ethereum in Nigeria, Breet App also allows you to sell other cryptocurrencies like USDT (Tether), Dogecoin, Litecoin, and Binance Cash.
There are no limits on the Breet App. There are no fees for processing, receiving, or withdrawing money. Breet doesn’t place any sort of charges.
Many Nigerian crypto vendors no longer have issues with high or odd fees, thanks to Breet’s simplicity of use.
On Breet, there is no cap on how much you can deposit or withdraw. Before you can sell your BTC, you don’t want to have thousands of Naira in bitcoin.
Breet is easy, inexpensive, and well-liked. Before admitting that Breet is probably the best cryptocurrency app to sell Bitcoin in Nigeria at the highest rates, there isn’t normally much sweetness to add. The Breet app’s stellar reviews offer compelling proof.
6. Trezor Model T – Best wallet for experienced users
Due to several cutting-edge features that give us greater control over our money, the Trezor Model T has become our top recommendation for seasoned users. Trezor Model T possesses some features like:
- Multisig. She can handle her single Bitcoin wallet with the help of a multisig wallet. Families and companies will find this to be very convenient.
- Taproot. To cut costs, increase anonymity, and enable Bitcoin smart contracts, Trezor Suite enables Bitcoin taproot addresses.
- Shamir Hughes Backup can divide the seed phrase into many phrases and store them in various places rather than using a single seed phrase. Consider it to be multisig for seed words.
- Clock lock. Transactions can be postponed by users up to a specific block height.
- Gate lever. Utilise the Tor network to make your cryptocurrency transactions anonymous. This feature is available through the Trezor Suite.
The variety of coins and tokens that Model T supports is where it falls short. It is best to prioritise Bitcoin wallets over alternative cryptocurrency wallets. Only a few well-known blockchains are supported by the Trezor Suite software, but Model T can support more than 1,800 coins and tokens via third-party software.
7. MetaMask – Best Web3 wallet
It is simple to choose the best Web3 wallet, thanks to MetaMask, which has over 30 million active monthly users and now holds the top spot among Web3 apps.
One of the original no-custody wallets that paved the way for Web3 and Defi was MetaMask. You can connect to dApps, store NFTs and digital assets, trade cryptocurrency across numerous blockchains, and use MetaMask on desktop and mobile devices.
The popularity of MetaMask’s Web3 wallet is largely due to its ability to buy and trade cryptocurrencies without requiring users to provide any personal information. Install the app or browser extension, then log in with your private seed phrase to begin trading on any DeFi exchange.
MetaMask seed phrases serve as logins, passwords, and ownership evidence. Your information is not kept in a database, and you have full control over the assets. It’s a crucial component of decentralisation.
8. Crypto.com DeFi Wallet – Best wallet for DeFi
Even though Crypto.com is most known for its international exchanges, it also provides personalised zero-administration DeFi wallets with exceptional features, making it the greatest DeFi wallet option.
Anyone can use the Crypto.com DeFi Wallet, not just current Crypto.com customers. DeFi wallets can be linked with the centralised Crypto.com app to enable account transfers.
Additionally, the Crypto.com DeFi Wallet provides in-app swaps across the Khronos, Polygon, BNB Smart Chain, and Ethereum blockchains. Users of the Crypto.com DeFi wallet can connect any cross-blockchain assets to their native Cronos chain or Crypto.org. Additionally conceivable are connections to Web3-compatible websites and in-app staking. Users of the DeFi wallet on Crypto.com can connect to dApps, DEXs, lending platforms, and markets without ever leaving the app.
The phrase “best cryptocurrency wallet in Nigeria” does not apply to all situations. You may not fit all of your needs in the ideal wallet. Therefore, you might select a different wallet than someone who desires rapid and simple access to their funds if security is your top priority.
Check out this post on how to choose the best crypto platform.
The most crucial thing to remember is to shop around and compare various wallets. To understand what is available and the important features to consider, start with one of our many evaluations of crypto wallets.