What is a Cryptocurrency Wallet?

We use conventional wallets for storing money. And in some cases, they double as a cardholder.

A cryptocurrency wallet is similar, but in this case, it stores digital money.

And to store your digital assets securely, certain features need to be in place. Unfortunately, not all wallets are secure.

We have two broad categories of wallets: Full Node and SPV Wallets.

SPV Wallet is further divided into Hot Wallet and Cold Wallets.


Cold Wallets are more secure since they offline.
In contrast, Hot Wallets are not as secure and are less expensive than Cold Wallets.
This is due to their online nature which makes them susceptible to remote attacks.




Why do You Need A Cryptocurrency Wallet?

Security!

Let me explain:
Storing your digital currencies on an exchange platform exposes your assets to risks.

If the exchange gets hacked, you lose everything!

Since an exchange operates via an online structure, they run a risk of getting hacked.

We've had a lot of hacks in the crypto world:
Most recently, was the Italian cryptocurrency firm, Altsbit, which occurred in February 2020.

Altsbit lost over $70,000 worth of cryptocurrency. A lot of traders lost huge sums due to this attack.

What's my point?

In as much it is convenient to trade on exchanges, it is not a good option for holding cryptocurrencies.
It is much safer to trade in chunks from your wallet, instead of risking it all on exchanges.

You should never store your digital assets on an exchange!

Now we've gotten that out of the way, what are the best cryptocurrency wallet apps in Nigeria?



1. Blockchain Wallet


2. Luno Wallet


3. Coinbase Wallet


4. Trust Wallet


5. Buycoins Wallet


6. Quidax Wallet


7. Remitano Wallet


8. Paxful Wallet


9. Busha Wallet


10. Patricia Wallet







To get a complete overview, pros, cons, and safety tips on cryptocurrencies, then Click HERE

Emmaway:
What is a Cryptocurrency Wallet?

We use conventional wallets for storing money. And in some cases, they double as a cardholder.

A cryptocurrency wallet is similar, but in this case, it stores digital money.

And to store your digital assets securely, certain features need to be in place. Unfortunately, not all wallets are secure.

We have two broad categories of wallets: Full Node and SPV Wallets.

SPV Wallet is further divided into Hot Wallet and Cold Wallets.


Cold Wallets are more secure since they offline.
In contrast, Hot Wallets are not as secure and are less expensive than Cold Wallets.
This is due to their online nature which makes them susceptible to remote attacks.




Why do You Need A Cryptocurrency Wallet?

Security!

Let me explain:
Storing your digital currencies on an exchange platform exposes your assets to risks.

If the exchange gets hacked, you lose everything!

Since an exchange operates via an online structure, they run a risk of getting hacked.

We've had a lot of hacks in the crypto world:
Most recently, was the Italian cryptocurrency firm, Altsbit, which occurred in February 2020.

Altsbit lost over $70,000 worth of cryptocurrency. A lot of traders lost huge sums due to this attack.

What's my point?

In as much it is convenient to trade on exchanges, it is not a good option for holding cryptocurrencies.
It is much safer to trade in chunks from your wallet, instead of risking it all on exchanges.

You should never store your digital assets on an exchange!

Now we've gotten that out of the way, what are the best cryptocurrency wallet apps in Nigeria?



1. Blockchain Wallet


2. Luno Wallet


3. Coinbase Wallet


4. Trust Wallet


5. Buycoins Wallet


6. Quidax Wallet


7. Remitano Wallet


8. Paxful Wallet


9. Busha Wallet


10. Patricia Wallet







To get a complete overview, pros, cons, and safety tips on cryptocurrencies, then Click HERE

please how can I exchange erc20 tokkens to money

Please how secure is luno ?

chibuike65:
Please how secure is luno ?

You can buy your coins there but store your coins on blockchain or trust wallet

kodded:
please how can I exchange erc20 tokkens to money

Easiest way is to trade your ERC 20 tokens on an exchange.

Not all wallets above supports ERC 20 tokens, so do well to check out the full post here to know which is best for you.

chibuike65:
Please how secure is luno ?

Luno has some good security features in place.

But since it's also an exchange platform, it's is not as secure as pure wallets.

There are other options which you can check out here

dumininu01:
You can buy your coins there but store your coins on blockchain or trust wallet

well you mean it's not advisable to leave your coins on luno, am still a novice when it comes to bit coins but I find luno very easy to understand and access, but am more concern how secure it is, more concern about my wallet

chibuike65:
well you mean it's not advisable to leave your coins on luno, am still a novice when it comes to bit coins but I find luno very easy to understand and access, but am more concern how secure it is, more concern about my wallet

Yeah bro don't leave your coins there... Keep your coins in blockchain or trust wallet. It's an exchange platform so its not advisable to leave your coins there.

dumininu01:
Yeah bro don't leave your coins there... Keep your coins in blockchain or trust wallet. It's an exchange platform so its not advisable to leave your coins there.

Yes this is correct.

dumininu01:
Yeah bro don't leave your coins there... Keep your coins in blockchain or trust wallet. It's an exchange platform so its not advisable to leave your coins there.

so we should send it to the blockchain wallet right?
Hope it doesn’t attract charges doing so

Jerry59:
so we should send it to the blockchain wallet right?
Hope it doesn’t attract charges doing so

Sure it will attract charges but it's better that way

dumininu01:
Yeah bro don't leave your coins there... Keep your coins in blockchain or trust wallet. It's an exchange platform so its not advisable to leave your coins there.

thank you so much sir

dumininu01:
Sure it will attract charges but it's better that way

block chain do not operate Ripple and liteCoin or I need to add it by myself ?

dumininu01:
Sure it will attract charges but it's better that way

please sir is this the normal procedure to follow while sending through luno, because I did not see the amount am to send and the wallet address, the warning too much make I no no go enable the thing will just go where I don't know with all the money in the wallet

dumininu01:
Sure it will attract charges but it's better that way

okay thanks

chibuike65:
block chain do not operate Ripple and liteCoin or I need to add it by myself ?

Use trust wallet for your ripple and litecoin bro.. The coins are not on blockchain

chibuike65:
please sir is this the normal procedure to follow while sending through luno, because I did not see the amount am to send and the wallet address, the warning too much make I no no go enable the thing will just go where I don't know with all the money in the wallet

loll just enable it... You can decide to disable it after sending your coins to your wallet address and don't forget to activate two factor authentication code on your wallets.

Please friends. I am here to seek for help from you people inorder to pay my hospital bill. I am real you can WhatsApp me +2348181769148 or call me 09014172730 to confirm that am real. Please brothers I need you people no amount that is too small
Here is my Bitcoin address

31jpFDQpgwvRkv3LBpfVmFj74HEboDtP1m

Marius50:
Please friends. I am here to seek for help from you people inorder to pay my hospital bill. I am real you can WhatsApp me +2348181769148 or call me 09014172730 to confirm that am real. Please brothers I need you people no amount that is too small
Here is my Bitcoin address

31jpFDQpgwvRkv3LBpfVmFj74HEboDtP1m

Even on a Sunday, u still wake up with your criminal mentality. I went through your posts, first u tried scamming people by acting as an Ecurrency Exchanger but u didn't succeed, later u switched to asking people for their Diamond and Union Bank MasterCard so u can use it to cash out your fraudulent money, guess that one didn't pay off, now, u came back with another logic of begging for money for hospital bills and u shot yourself in the leg by dropping a Bitcoin wallet for people that want to assist u to pay into.Who does that? What happened to your bank account? May God have mercy on you, and just so u know, even the dumbest person here on Nairaland that wanted helping u will run away immediately he sees Bitcoin wallet as mode of payment.

I follow https://www.ogacrypto.com/ for all buy and sell signals, the guy in charge has generated a lot of money from cryptocurrency trading here in Nigeria.

Some of the best wallet apps for storing bitcoin and other cryptocurrencies includes Trustwallet, Safepal wallet, Coinomo Wallet, Atomic Wallet, Exodus Wallet or even the advanced Metamask Wallet.

You can see more at https://cryptohodl.tech/best-wallet-apps-store-bitcoin-cryptocurrencies/

webhouse4:
How I make #7,000,000 profit from this Crypto coin within 7hrs!


If your level of Crypto trading never get to that place listen to me.

I will launch a big launched pad details course soon to those that concern.

Ability to tap into a real wealth Crypto opportunities .

This happen today date 11/01/2022.
(Who who know how to run Crypto historical can go and check the analysis.

I have about 15 Signal yesterday that will do wonder this week as a crypto analyst and trader.

Look at the coin.
The name is GLMR, it move from *$0.2 to $13 all.within 7hours.

Ha! I love Crypto.


Binance listed this same coin today after the coin already pump in other exchanger..
If you don't love Hotbit before, please and please love it more even than binance!

I bought this coin today at 0.3$ (I bought 1,000 only)


I sold it at $12.50.

Now ,let.do the calculation

0.3 X1000=$300 .(He use $300 to buy this coin)


I sold it
12.50 X1000=12,500$


I make profit of

$12,500-$300=$12,200 (pure profit)

*That is about #7,223,000*

I will also buy other coin that will do more Wonder tommorow.

If you haven't make great money from Crypto, please shapen your knowledge.


I can beat my chest that ,you can make good money from Crypto . All you need is simply follow good guide.

This is our year. I encourage you to put your best into Crypto trading.

Something bigger thicker is still coming.


If you need help , you can DM ME or see end email
09064873736

olurantistatement@gmail.com

Clement is my Name.

I have sent you a mail.