Best Crypto Wallet in Nigeria

How to get a crypto wallet in Nigeria

Get started with the best crypto wallet in Nigeria by following these simple steps:

1. Download the Best Wallet app on the App Store or Google Play.
2. Choose a PIN, write down the backup passphrase, and add biometrics and 2FA
3. You can now receive, send, store, and trade crypto on the Best Wallet app

Why Best Wallet is the best crypto wallet in Nigeria

As the best crypto wallet in Nigeria, Best Wallet offers everything needed for a safe, private, and convenient investing experience. The Best Wallet app for iOS and Android is a non-custodial wallet, so users control their cryptocurrencies outright. Encrypted private keys ensure security and ownership, alongside two-factor authentication (2FA) and biometrics. 

Best Wallet is ideal for diversified portfolios, with over 60 blockchains supported. So, whether you’re investing in Bitcoin, Ethereum, Solana, or Dogecoin, millions of cryptocurrencies can be stored in one safe place. Best Wallet also offers an in-built decentralized exchange (DEX), perfect for swapping tokens without leaving the app. 

Nigerians can also buy and sell cryptocurrencies with fiat money, including credit cards, e-wallets, and mobile payments. Staking is also supported, ensuring idle crypto balances generate passive income. Best Wallet’s crypto launchpad is also popular in Nigeria, allowing investors to purchase brand-new tokens before they’re launched to the public. 

Completely secure

Security is a key factor when choosing the best crypto wallet in Nigeria. 

The Best Wallet app offers the following safety features:

• Encrypted Private Keys: The wallet’s private key is encrypted, downloaded, and stored on the user’s device. This ensures blockchain transactions can be authorized on the Best Wallet app in a safe and secure environment. 
• Backup Passphrase: The backup passphrase is also encrypted, ensuring nobody but the user has access. This is provided when opening the Best Wallet app for the first time. The backup passphrase allows wallet recovery if the device is lost or stolen. 
• PIN or Biometrics: The Best Wallet app is protected by a PIN, required when opening the wallet. Alternatively, users can activate biometrics (fingerprint ID) from the settings page.  
• 2FA: Activating 2FA is highly recommended. Wallet access is only provided after entering a unique code, sent via SMS to the user’s registered mobile number. This security feature can also be activated via the settings page. 

These safety precautions ensure that Best Wallet is the best Bitcoin wallet for security-conscious investors. 

Buy, store, swap & stake crypto over 60+ chains

As the best Nigerian crypto wallet, the Best Wallet app supports the best cryptocurrencies. It’s compatible with over 60 popular networks, ranging from Bitcoin, Solana, and Ethereum to BNB Chain, Arbitrum, and Polygon. Not to mention Kava, TON, XRP, Tezos, and Cardano. 

Check out the table below, which highlights the most active networks on the Best Wallet app:

Network	Send	Receive	Store	Buy	Sell	Swap
Bitcoin	✅	✅	✅	✅	✅	❌
Ethereum	✅	✅	✅	✅	✅	✅
Solana	✅	✅	✅	✅	✅	✅
BNB Chain	✅	✅	✅	✅	✅	✅
Arbitrum	✅	✅	✅	✅	✅	✅
Polygon	✅	✅	✅	✅	✅	✅

While new and lesser-known tokens won’t initially appear in the Best Wallet interface, adding them couldn’t be easier. Just copy and paste the token’s unique contract address. Those tokens can then be sent, received, and safely stored.  

Best Wallet also offers a convenient way to trade cryptocurrencies. The in-built DEX supports instant and anonymous token swaps, with exchange rates extracted from hundreds of liquidity pools. The result? Best Wallet users get the most competitive prices when trading. 

The Best Wallet DEX also supports cross-chain swaps, saving time and effort. For example, suppose you’re currently holding UNI, which operates on the Ethereum network. However, you want to invest in Bonk, a popular meme coin from the Solana ecosystem. 

You can swap UNI for BONK on Best Wallet within seconds, with no requirement to use or trust centralized exchanges. Most importantly, decentralized bridges facilitate cross-chain transfers, meaning users never lose control of their cryptocurrencies. 

Best Wallet is also a great option for Nigerians who want to buy and sell cryptocurrencies with fiat money. Popular payment methods like credit cards and e-wallets are supported. No personal information or know-your-customer (KYC) documents will be requested to ensure privacy.

Fully anonymous with true ownership of your assets

Many Nigerians want to invest in and store cryptocurrencies anonymously. This ensures wealth is built away from centralized entities, whether that’s exchanges or governments. Best Wallet ensures complete anonymity, with no ID verification procedures required. 

For a start, the Best Wallet app can be downloaded and set up without providing personal information. Those seeking even higher privacy levels can use a VPN. The anonymous experience extends to transactions, so users can send and receive funds privately. 

Best Wallet users can also swap, buy, and sell cryptocurrencies with fiat money and avoid traditional KYC checks. Additionally, Best Wallet is a self-custody wallet, a crucial aspect when investing in cryptocurrencies. 

In simple terms, this means Nigerians own the cryptocurrencies they purchase. The private key is only accessible on the user’s smartphone and is fully encrypted for increased protection. Ultimately, nobody but the user has access, making Best Wallet the safest crypto wallet for privacy.  

Find new upcoming tokens

Best Wallet offers a token launchpad for quality blockchain startups. First, newly founded projects send an extensive application to the launchpad team. This is reviewed and scrutinized thoroughly, with a strong focus on utility, supply dynamics, and the team’s experience. 

Once approved, the fundraising event begins. Best Wallet users then have priority access to the project’s native token before any exchange listings. The benefit here is that most launchpad events have small market capitalizations, making them attractive for long-term growth. 

Moreover, as the best crypto wallet in Nigeria, Best Wallet users get a discounted price, with early buyers getting the most favorable rates. Pepe Unchained, for example, increased by 700% from its initial launchpad stage, netting early investors significant returns in a short time frame.

Catslap also provided early backers with sizable gains. Only Best Wallet users had access to Catslap’s fair launch, with the token price rising by over 9,000% within days. Best Wallet users can explore existing launchpad projects by clicking the ‘Upcoming Tokens’ button. 

Each launchpad event offers comprehensive investing data. Users can view the project summary, whitepaper, roadmap, current raise, and social media links. Investments can be made directly from the Best Wallet balance, with tokens distributed when the launchpad ends. 

Connect to the best decentralized applications (dApps)

The top crypto wallets in Nigeria support decentralized applications (dApps). Best Wallet comes integrated with WalletConnect, ensuring users can easily access the Web 3.0 ecosystem. The process couldn’t be easier, with both mobiles and desktops supported. 

For example, suppose you want to explore Solana dApps directly on a smartphone. You visit the dApp website, click the WalletConnect button, and a notification appears within the Best Wallet app. Users simply need to provide authorization for the connection. 

Alternatively, some users prefer accessing dApps on a desktop device. The dApp website shows a QR code —use the Best Wallet app to scan it. Both options allow Best Wallet users to transact with their crypto balance. 

Best Wallet also comes pre-installed with selected dApps, removing the need to use WalletConnect. This includes Lido and Rocket Pool, popular Ethereum dApps that offer competitive staking rewards. 

Ecosystem token & airdrop

As the best crypto wallet in Nigeria, Best Wallet’s ecosystem has been tokenized. $BEST Token is the native token and it offers various benefits and perks. 

Here’s a snapshot of what to expect when holding $BEST Token:

• Stage-One Launchpad Access: Most launchpad events on Best Wallet have a multistage process. Each increases the token price every few days. Holding $BEST Tokens gets you access to the first funding stage, meaning the lowest cost basis available. 
• Boosted Staking Rewards: As the best free crypto wallet in Nigeria, users can stake their tokens for passive rewards. However, only $BEST Token holders get the most competitive APYs. This perk is particularly useful for long-term holders. 
• Vote on Key Proposals: $BEST Tokens also provide governance rights. Holders can vote on key project proposals, whether that’s support for new features or partnerships. This ensures $BEST Token holders have a voice. 
• Lower Fees: $BEST Token also provides lower fees within the Best Wallet ecosystem. Holders enjoy the most cost-effective experience, including token swaps, fiat gateways, and the upcoming Best Card. 

$BEST Token doesn’t currently trade on crypto exchanges, as it’s being sold exclusively to Best Wallet users. The ongoing presale can be found on the Best Wallet launchpad, so just hit the “Upcoming Tokens” button for more information. 

In a nutshell, investments can be made in ETH, USDT, and BNB with no minimums in place. Those investing early get the lowest price, as rates increase every few days. Like all Best Wallet features, investing in the $BEST launchpad event is completely anonymous. 

$BEST Token airdrop campaign 

Airdrops are a great way to get free crypto tokens. Best Wallet’s airdrop campaign is proving popular, with users earning points whenever basic tasks are completed. After the campaign, $BEST Tokens are airdropped to participants. 

Those completing the most tasks get the largest airdrop allocation. One-off tasks include downloading the Best Wallet app and connecting an X account. Daily tasks include sharing posts on social media and completing quizzes about the Best Wallet ecosystem. 

Exciting roadmap

Best Wallet’s exciting roadmap includes many new features and tools, enhancing the user experience. 

Incoming roadmap developments include the following: 

• Market Insights: Best Wallet will be the best crypto wallet in Nigeria for discovering key market insights. This will include real-time pricing trends, broader industry sentiment, and growing narratives. Users can instantly buy the crypto gems they discover. 
• Derivatives: Best Wallet users will be able to trade derivatives, with margin requirements covered directly from the wallet balance. This feature is ideal for trading cryptocurrencies with leverage. Derivatives will support long and short positions. 
• Browser Extension: Best Wallet’s browser extension is another much-anticipated roadmap feature. Users will be able to send, receive, and store cryptocurrencies on a desktop device while retaining ownership via encrypted private keys. 
• Best Card: Nigerian users will be able to make real online purchases with their crypto balances. Best Card will connect with Google and Apple Pay, and eligible purchases will receive a crypto cashback of up to 8%. 
• Dollar-Cost Averaging: While dollar-cost averaging (DCA) is a solid long-term investing strategy, it’s typically only supported by centralized exchanges. Fortunately, the DCA feature will soon launch on Best Wallet, ensuring anonymity, decentralization, and self-custody ownership. 

Follow Best Wallet’s roadmap timeline for key development updates. 

Trusted & loved by our users

Many iOS and Android users rate Best Wallet as the best crypto wallet app in Nigeria. In particular, beginners rate Best Wallet for its easy-to-navigate interface. Newbies can seamlessly send, receive, and store cryptocurrencies without prior experience. 

Seasoned traders also rate Best Wallet for its robust security and Web 3.0 integration. Connecting with dApps is safe and instant, allowing Nigerians to invest in the latest DeFi products and services. We welcome users to explore Best Wallet reviews on Google Play and the App Store. 

How to get a cryptocurrency wallet in Nigeria

Read on for a step-by-step walkthrough on how to get a free Bitcoin wallet in Nigeria. 

Step 1: Download the Best Wallet app

First, download the Best Wallet app for iOS or Android. 

You can get the official download link from the App Store or Google Play.

Step 2: Confirm an email address

Now open the Best Wallet app and enter an email address. 

A verification code will be emailed. Copy and paste it to proceed. 

Step 3: Complete security steps

As the safest crypto wallet, Best Wallet users must complete some mandatory security steps. First, choose a PIN, which is required when opening the Best Wallet app. Next, write the backup passphrase down in the correct order. 

This is a randomly generated string of 12 English words. Avoid storing the backup passphrase on a device, such as a notepad, email, or the cloud. Instead, write it on a piece of paper, which should be kept somewhere secure (like in a safe). 

Now open the settings page to:

• Turn on biometrics logins. This will replace the PIN with a fingerprint ID. 
• Activate 2FA with SMS codes sent to your mobile number. 

Step 4: Receive crypto

The Best Wallet app is now secured. The next step is to deposit some cryptocurrencies. First, click the respective network, such as Ethereum (for ERC-20 tokens) or BNB Chain (for BEP-20 tokens). 

Next, click the “Receive” button and copy the wallet address. Now, transfer the tokens to this address and wait a few minutes for the balance to update. 

Note: Best Wallet also generates a QR code for each wallet address. Scan this from a mobile device for an even more convenient transfer process.  

Step 5: Buy crypto

As the best Bitcoin wallet in Nigeria, users can instantly buy cryptocurrencies without leaving the Best Wallet interface. Accepted payment types include credit cards, PayPal, Skrill, Neteller, Google/Apple Pay, etc. 

So, click the “Trade” button. Then click “Buy” and choose the crypto you want to purchase. Enter the amount and preferred deposit method. Confirm the purchase, enter payment details, and wait for the funds to arrive. No KYC processes are required.

What is a crypto wallet?

Wallets are a necessity when investing in cryptocurrencies. The top crypto wallets allow Nigerians to send, receive, and store digital assets, such as Bitcoin, Litecoin, and Dogecoin. 

• For example, if you want to send cryptocurrencies to friends or family, a wallet is required. 
• Similarly, receiving cryptocurrencies from another person also requires a wallet. 

When using a cryptocurrency wallet in Nigeria, you will receive a public key for each supported network. This is a unique wallet address for receiving funds, similar to a bank account number. For instance, you’ll have a separate public key for Solana and BNB Chain. 

Self-custody wallets like Best Wallet also provide a private key. This ensures users own and control their cryptocurrencies outright. The private key enables users to transact without requiring approval, such as sending funds or connecting to Web 3.0 dApps. 

Crypto wallets have emerged in recent years to offer additional features. For example, alongside storage and transacting, Best Wallet users can swap tokens, buy cryptocurrencies with fiat money, and earn staking rewards. All in one safe, private, and decentralized place.  

Why do you need a Bitcoin wallet?

Nigerian crypto investors need a wallet for the following reasons:

• Trustless Wealth Storage: Self-custody wallets ensure crypto wealth is stored without needing to trust third parties. Conversely, keeping tokens in a crypto exchange attracts counterparty risks. Whether it’s the ByBit hack or FTX bankruptcy, funds can be misplaced when using centralized platforms. In contrast, Best Wallet offers a trustless experience, as users have complete and exclusive control of their private key. 
• Decentralized Transactions: As the best wallet for crypto in Nigeria, Best Wallet users benefit from decentralized transactions. In a nutshell, users can send and receive cryptocurrencies without needing authorization from another entity. Transactions are immediately posted to the blockchain network, and processed by miners or validators accordingly. This means no risk of rejected transfers or frozen funds. 
• Anonymous Trading: Buying and selling cryptocurrencies anonymously is only possible when using a DEX. Best Wallet’s in-built DEX supports millions of tokens from over 60 ecosystems. Trades can be conducted privately, meaning there are no KYC processes or document requests. Staying anonymous is no longer possible when using centralized exchanges or brokers.  
• On-Chain dApps: A crypto wallet is also needed when accessing on-chain dApps. Best Wallet users can connect with Web 3.0 ecosystems like Uniswap, Balancer, Compound, Raydium, Jupiter, and Aave. Wallet balances are used to fund transactions, whether that’s staking, yield farming, or lending. 

How to choose a crypto wallet

Choosing the best BTC wallet in Nigeria requires careful consideration. The following factors should be assessed when making a decision. 

Custodianship

Nigerians seeking complete control over their cryptocurrencies should select a self-custody wallet. The private key will be encrypted and stored on the smartphone device for enhanced security. 

Self-custody wallets allow unfettered access to the Web 3.0 sector, from sending and receiving funds to trading tokens and accessing dApps. Conversely, investors lose control when using custodial wallets. The custodian, like a centralized exchange, manages the private keys. 

Thus, transactions are only processed once the custodian approves them. This is a major risk because there are no guarantees. Best Wallet is a self-custody solution, so only the user can access their private key.  

Safety and security

Strong security measures are a must when choosing the best crypto wallet in Nigeria. 

Here’s a recap of how Best Wallet ensures safe storage at all times:

• Encrypted private keys and backup passphrases
• Biometrics or PIN when opening the Best Wallet app
• 2FA for an extra layer of security when logging in 
• KYC-free experience removes data-breach risks

Not all wallet providers offer the above safety features, so it’s important to assess security systems before proceeding. 

Supported cryptocurrencies

The best crypto wallets support the most popular networks, from Bitcoin and Ethereum to Litecoin, BNB Chain, and Solana. Having access to a wide range of blockchain standards ensures all holdings can be stored in one place. 

At Best Wallet, users can send, receive, and store millions of cryptocurrencies. Over 60 networks are supported, allowing users to add custom tokens by pasting the contract address. NFT support is also available. 

Privacy

Not all wallets offer a private experience. Even self-custody wallets can store user IP addresses or request documents when trading tokens. The Best Wallet app alleviates these privacy risks. 

From creating a new and sending funds to buying cryptocurrencies with fiat money, all Best Wallet features offer complete anonymity.  

Reputation 

The best crypto wallet in Nigeria should have a strong reputation in the broader industry. To do this, it is essential to explore reviews and experiences from existing users. 

Based on thousands of independent and organic reviews, Best Wallet has received excellent ratings on Google Play and the App Store.  

How to keep your crypto wallet safe

These crypto wallet best practices should be implemented to ensure long-term safety:

• VPN Usage: Using a VPN is considered a smart move when managing cryptocurrencies. Not only for enhanced privacy but also for increased security. 
• Strong PIN: The minimum PIN requirement when using Best Wallet is four digits. However, the safest option is to use a much longer PIN combination. 
• Backup Passphrase Management: Writing backup passphrases on a sheet of paper should be a minimum requirement. Keeping the paper somewhere private and secure is also important. Misplacing the backup passphrase can compromise the wallet’s security. 
• Activate 2FA: Another best practice is activating 2FA, preferably on a different device to where Best Wallet is installed. Unauthorized access is only possible if both devices have been compromised.  
• Public Usage: Avoid using your crypto wallet in public. Theft, especially while the screen lock is deactivated, could be disastrous. Instead, only use the wallet when you’re alone in a safe place. 

Following these best practices will ensure a safe and secure wallet experience. Besides security, Best Wallet offers unfettered access to the crypto markets. Users can send, receive, and store cryptocurrencies on 60+ network standards, including Bitcoin, Solana, and Ethereum. 

Nigerians benefit from anonymous wallet transfers, token swaps, fiat purchases, and staking. The Best Wallet app for iOS and Android is completely free and takes minutes to set up and secure. 

References

1. What Are Crypto Wallets and How Do They Work? (Bloomberg)
2. Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen (Bloomberg)
3. ‘Old-fashioned embezzlement’: where did all of FTX’s money go? (The Guardian)
4. Why You Need a VPN on Your Smartphone (McAfee)

Frequently Asked Questions