Crypto adoption in Nigeria keeps growing, but choosing the right wallet can be an exhausting act of signing up, finding out it’s not the right pick, deleting, and doing it all over again. You want something secure, easy to use, and tailored to Nigerian needs. Whether you’re just starting or already trading daily, these 9 wallets combine functionality with features that work in Nigeria.
Read Also: 9 Best Crypto Trading Platforms for Nigerians in 2025
1. Binance
Binance is a giant in global crypto trading and offers both custodial and non-custodial wallets. Custodial wallets mean Binance holds the private keys to your crypto assets when you store them on the platform, while non-custodial wallets allow you to manage and control them. Beginners should use the custodial wallet, where Binance manages your keys. The platform has strong security, but high withdrawal fees and the removal of naira P2P trading are downsides for local users.
Key Features
Type: Custodial and non-custodial (Web3 Wallet)
Security: Cold storage(funds are held in offline storage), 2FA, and Withdrawal access whitelisting
Good for: Access to a wide range of coins.
Drawback: No more naira P2P, and you need a VPN to gain access.
The App is free to download
Check Binance’s fees here.
2. Bitget
Bitget’s non-custodial wallet is great for Nigerians who want P2P functionality and fast transactions. With over 300 spot coins, it’s flexible, secure, and simple for beginners. It also has lower fees than Binance and a more user-friendly interface.
Key Features
Type: Non-custodial
Security: Cold storage, multi-factor authentication
P2P trading
The app is free to download
Check Bitget’s trading fees here
3. Bybit
Bybit offers both custodial and non-custodial options depending on your preference. Security is a strong point, with two-factor authentication, multi-signature support, and cold storage. The platform supports P2P transactions in Nigeria and offers demo accounts, making it easy for beginners to learn before trading with real money. With over 800 coins available, Bybit is great for growing your portfolio.
Key Features
Type: Custodial and keyless non-custodial
Security: Cold storage, 2FA, multi-signature
Demo trading
The interface may be advanced for newbies
The App is free to download
All you need to know about Bybit’s fees is here.
4. Metamask
Metamask’s non-custodial Ethereum wallet gives you full control over your crypto. While it lacks built-in 2FA, it can be paired with a hardware wallet for better protection. Nigerians can buy crypto using bank transfers through Metamask’s partners. The wallet also allows for swapping tokens directly within the app, which works similarly to P2P.
Key Features
Type: Non-custodial
Security: Seed phrase, optional hardware wallet pairing
Good for: Ethereum-based assets, DeFi
Drawbacks: No 2FA, weaker security if used alone.
MetaMask charges fees for buy and sell transactions using its ‘Swaps’ feature. All swaps are subject to a 0.875% flat fee. Find out more here.
Download the app (Browser extension or app) here.
5. Luno
Luno’s custodial wallet has built-in educational tools and a beginner-friendly app. It has built a reputation in Nigeria as a safe and easy platform. Its custodial wallet includes two-factor authentication and multi-signature security. Luno also supports P2P trading, which gives Nigerians a direct way to buy and sell crypto in local currency.
Key Features
Type: Custodial
Security: Multi-signature, 2FA
Good for: Learning crypto, easy P2P in Nigeria
Drawbacks: Limited coin selection
Calculate Luno’s fees and find out more about them here.
Download the mobile app from the Google Play Store
6. Coinbase Wallet
7. Bitmama
8. Ledger
For anyone serious about long-term crypto storage, Ledger is the gold standard. As a hardware wallet, it stores your crypto offline, making it almost impossible to hack. It doesn’t support NGN payments directly, but it can integrate with other platforms that do. While Ledger isn’t beginner-friendly, it’s a powerful tool for Nigerians looking to secure large amounts of crypto safely and permanently.
Key Features
Type: Hardware
Security: Cold storage, PIN, recovery phrase
Good for: Large amounts, long-term security
Drawbacks: No native NGN support.
The device must be purchased
Buy Ledger here.
Price: ₦273,300
