best Bitcoin wallet in Nigeria: If you’re reading this article, this is your sign to diversify your investments by investing in Bitcoin. To invest in Bitcoin in Nigeria, you’ll need a Bitcoin wallet in the same way you need a wallet to keep your money or a bank account to store your cash.
Bitcoin wallets are also called crypto wallets, and you will need one to successfully invest in cryptocurrency. While there are several Bitcoin wallets to choose from, making the right decision might be quite challenging. This is not meant to scare you, but it must be said that Bitcoin wallets are susceptible to hacks. If you choose a wallet that doesn’t prioritize the security of its firewalls in a way that is impenetrable to hackers, you will lose your Bitcoin.
In this article, you’ll learn about Bitcoin wallets, their types, and the best wallet in Nigeria.
Everything you should know about Bitcoin wallets
Bitcoin wallets are created in a way that directly interact with the blockchain network on which the crypto was built. Since Bitcoins are not physical currencies, wallets do not physically store them. Rather, the wallets interact with the blockchain network to generate the necessary information to receive and transfer Bitcoin from one wallet to another.
There are two types of keys required to protect Bitcoin wallets, and they are public and private keys.
Every bitcoin wallet holder has a private key that must never be disclosed to a third party. The only Bitcoin wallet information that can be shared is the wallet address which is an alphanumeric identifier that indicates the location of the wallet. Whenever you want to receive Bitcoin from someone, share the address, and the asset will be transferred. This applies to every other cryptocurrency, like Ethereum, BNB, and USDT. You can access Bitcoin on any device and transfer it to other recipients with your private key.
There are two types of Bitcoin wallets, and they are listed below.
Hot and cold wallets
Hot and cold wallets are dependent on their connection to the internet. Hot wallets are connected to the internet and deemed less safe than cold wallets because they are prone to attacks. On the other hand, cold wallets are considered less safe because they are stored offline and not prone to hacks. However, hot wallets are more user-friendly and accessible than cold wallets.
Hardware wallets
Hardware wallets are embedded in devices that one can see, and they have public keys. It costs over 70 dollars, and it’s very reliable.
Paper wallet
Paper wallets are the physically printed QR code form of wallets. They are not prone to hacks like Hot wallets, but there always appear to be errors, and this makes them unsafe. They can only be used once and not forever like the others.
Best Bitcoin wallet in Nigeria
Now that you know all about Bitcoin wallets and their different types, it’s time to introduce you to the best Bitcoin wallet in Nigeria. The best and most reliable Bitcoin wallet in Nigeria is the Astro Africa crypto wallet.
The Astro Bitcoin wallet is one of the few wallets in Nigeria that is very safe at its core. The platform has never been hacked and is dedicated to ensuring that it never happens by always updating its security technology. Astro Africa also has excellent customer service that is super responsive and is always available to attend to your needs. The exchange rates on Astro Africa are high and it will maximize your profits.
The platform is relatively easy to use, and by simply becoming a registered user, you become eligible for an Astro Bitcoin wallet. All you need to do is visit the Astro Africa website or download the mobile apps and click “trade now.” Kindly input all your details, and you’ll immediately become a registered user. It’s as simple as ABC.
After registration, you will be awarded your Bitcoin wallet so that whenever you Sell Bitcoin for cash on Astro Africa, you can receive it without stress.
Read also: Best rate to trade bitcoin in Ghana
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