![]() Breaches and hacks are just a part of life nowadays. When you involve a third party, you inherently increase security risks. Transacting peer-to-peer is essential for a few reasons, primarily for security and independence. Before cryptocurrencies came around, this type of transaction over the internet was impossible. This means you can skip regulatory bodies and keep your transactions genuinely private. So, here’s how they work decentralised wallets allow peer-to-peer transactions, which is like the digital equivalent of paying in cash. ![]() But, as you get more into cryptocurrency, you might find decentralised wallets more appealing. They require a certain level of expertise to maintain securely. I have to be honest with you: decentralised wallets aren’t really for beginners. Unlike other wallets provided by financial institutions or crypto services, decentralised wallets exist on your computer or removable drive, which means you can skip third-party services and have more control over your transactions. After much research and first-hand experiences gotten from people, I have narrowed down the top ten decentralised crypto wallets good for Nigerians.Īre you an OG crypto investor or a newbie? These wallets are worth considering for your storage and trading needs.ĭecentralised crypto wallets are wallets that you manage and maintain all by yourself. So, how can you do this? By storing them in a secure cryptocurrency wallet, of course.Īre you looking for the best decentralised crypto wallets but overwhelmed by your options? I’ve got you covered. With many Nigerians involved in the crypto space and many more joining daily, we cannot overemphasise the importance of keeping your crypto assets safe. Instead, users rely on the Exodus team to ensure there are no holes in the security of its wallet.Įxodus has the option to set custom fees to keep costs down, in addition to the option of automatically setting a fee that ensures the transaction completes quickly.Nigerians have remained at the forefront of cryptocurrency innovation and adoption in Africa, and c’mon, we deserve a pat on the back. This goes against the ethos of the idea of Bitcoin and blockchain and can create some security concerns as its code is not open for everyone to see. While it is great for beginners, more advanced users may find it lacking in some features. It also has excellent support, an essential feature for beginners getting into what many would consider a confusing market. ![]() With its simplicity, this wallet is great for beginners just getting into crypto. Exodus currently allows for swaps between over 250 different cryptocurrencies. One of Exodus’s most popular features is the ability to swap between a growing number of cryptocurrencies. Some consider the Model T to be a bit more secure than the Ledger Nano X due to the X’s Bluetooth connectivity (although Ledger's Bluetooth is optional).Įxodus is a desktop and mobile wallet with a straightforward user interface and an exchange built-in. These are considered to be non-native assets. Trezor indicates that other cryptocurrencies are supported by its hardware wallets using a third-party wallet interface. The Trezor Model T supports more than 14 cryptocurrencies and all ERC20 tokens. You can connect to an Android smartphone with a USB-C to USB-C cable, but not directly to an iPhone. Like the Ledger Nano X, the Trezor Model T also comes with a USB-A to USB-C cable so that you can connect to your desktop computer. The Trezor also has a MicroSD card slot, allowing you to use MicroSD cards to encrypt the PIN and further protect your device from attacks. The Model T utilizes a touch screen, which can be easier to use for beginners than the buttons their previous model used. While this is quite convenient, it hardly justifies its more expensive price tag of $219. The Trezor Model T is very much like the Ledger, but it gives the user the ability to access third-party exchanges, like Changelly and CoinSwitch, directly in its website interface. Its Model T is the second generation of hardware wallets it's created. Trezor, like Ledger, is a name synonymous with crypto cold wallet storage.
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