These 9 Wallets Keep Your Coins Protected and Easy to Access

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

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.

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

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.

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.

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

Coinbase separates its trading app from its wallet. The wallet itself is self-custodial, meaning you hold the private keys. Security is tight, with cold storage and two-factor authentication available. What makes it special for Nigerians is its partnership with Onboard, which lets users buy crypto with NGN without going through traditional KYC processes. It also supports P2P and allows NGN purchases via partners like Onboard.

Key Features

• Type: Non-custodial

• Security: 2FA, cold storage

• Good for: Buying without full KYC, local currency support

• Drawbacks: More setup steps for full use

Find out about their fees here.
Get the mobile app here.

Bitmama is a Nigerian crypto platform that offers a wallet designed with locals in mind. It supports both P2P and NGN-based crypto purchases. The wallet is custodial, keeping your keys secure while being beginner-friendly for new users. Bitmama stands out by offering flexible payment methods, including bank transfers and cards, and its mobile-first design makes it easy to trade on the go.

Key Features

• Type: Custodial

• Security: Key-based protection, 2FA

• Good for: NGN trading, mobile-first experience

• Drawbacks: Fewer coins than global exchanges

Explore more here
Get Bitmama’s mobile app on the Play Store.

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

Trust Wallet is a popular mobile wallet with broad token support. It’s non-custodial, supports many cryptocurrencies, and integrates with decentralised apps. The wallet includes seed phrase security and can be paired with hardware wallets for extra protection. It allows Nigerians to buy crypto with NGN through third-party services and supports P2P trades depending on the token.

Key Features

• Type: Non-custodial

• Security: Seed phrase, optional hardware pairing

• Good for: Token swapping, dApps, mobile use

• Drawbacks: Third-party NGN services may cause extra charges.

• The app is free to download

Trust Wallet itself does not charge any fees for using its platform. However, network fees (also called gas fees) are required to execute transactions on the blockchain. These fees are paid to the blockchain network, not Trust Wallet.  

The best crypto wallet depends on how you use crypto. Some Nigerians need easy P2P trades, others want cold storage for long-term security. This list offers a trusted mix of wallets that balance flexibility, safety, and support for local needs.