Best Cryptocurrency Apps for Beginners in Nigeria
If you’re looking for the best cryptocurrency apps for beginners in Nigerians, this post is for you.
With the viral growth and acceptability of cryptocurrency today, several apps have been developed to make transactions easier.
The way that individuals use and view money is always changing.
The current financial system has numerous unnecessary inefficiencies and barriers because it was designed for a non-digital era and ignores the demands of the modern person.
These outdated structures and methods of thinking are being quickly replaced by new technology that the world now has access to, such as decentralized cryptocurrency.
Money is now finally catching up with other digital innovations, much like communication evolved from landlines to mobile phones or postal to email.
Our ability to rethink the financial system and improve the world is made possible by decentralized cryptocurrencies.
1. Luno
Luno is a cryptocurrency for everyone. The Luno app has made investing simple for millions around the world.
Investment decisions are important, but with Luno they don’t have to be hard. Luno has a team of experts in Bitcoin, Ethereum, and everything crypto focused on providing you with the knowledge and tools you need to invest safely.
Luno is a simple crypto investment app for everyone. They make it safe and easy to explore, buy and store crypto even if you’re a beginner.
Its mission is to put the power of cryptocurrency in everyone’s hands. That means cutting through the hype and helping you to decide for yourself.
For a financial system to be fair, everyone needs to understand it. That also means working to make crypto truly inclusive. This is where Luno comes in.
Luno has over 10 million people who have chosen to invest in crypto. They are in more than 40 markets across North America, Africa, Asia, and Europe, working to spread the word about cryptocurrency.
2. Snappy Exchange
The SnappyExchange app is one of the top apps for trading cryptocurrencies. The app has a straightforward user interface that allows you to operate it without stress.
You can trade a variety of cryptocurrencies for Naira, including Bitcoin, USDT, Ethereum, Litecoin, and Dogecoin, among others.
The moment you launch the app, you will need to create an account to use the app. When this is done, you can proceed with trading cryptocurrencies on the app.
The app was launched in 2020. Since then, SnappyExchange has shown beyond a reasonable doubt to be the top cryptocurrency trading platform in Nigeria.
To download the app, visit the official website at snappyexchange.com or search for Snappy Exchange in the Play Store or App Store.
3. Kraken
Kraken is an exchange and bank for cryptocurrencies. It was started in 2011.
It is in the United States, in San Francisco, and you can trade fiat currencies like NGN or USD for cryptocurrencies and the other way around. It also lets you switch between different types of cryptocurrency.
The exchange gives price information for digital assets to the Bloomberg Terminal.
As of December 2021, Kraken is accessible in 48 US states and 176 other countries, making it one of the most global exchanges out there.
4. Trust Wallet
Trust Wallet is an open-source, decentralized, mobile crypto wallet.
It is one of the best crypto wallets for new users and investors because it supports more than 160K assets and blockchains and lets traders stake their crypto coins to earn interest.
The wallet was originally made to hold only ERC20 and ERC223 tokens, but it has since been updated to hold other popular cryptocurrencies like Bitcoin.
The wallet has a built-in Web3 browser that lets users buy cryptocurrencies through the native DEX (decentralized exchange) that runs on the Kyber Network.
It also lets users access the DApps (decentralized applications) built on the Ethereum platform directly through the Trust Wallet app.
5. Coinbase
This can be used by people who are just starting with cryptocurrencies.
As soon as you download the app to your device, you’ll notice how easy it is to use.
If you’ve never bought or sold cryptocurrency before, the Coinbase app might be for you.
Coinbase is a well-known exchange for cryptocurrencies that make it easy to buy, sell, and trade them.
The app makes it as easy to buy Bitcoin as it is to buy stocks through an online brokerage.
Coinbase lets you trade in more than 100 different cryptocurrencies right now, and that number keeps growing.
With Coinbase Earn you can earn interest on certain balances or get a small amount of a new currency.
Any user can switch to Coinbase Pro, which is an active trading platform with more features and lower fees.
6. KuCoin
KuCoin is a smaller, less well-known platform and is easy to use.
There are a lot of transactions on the platform.
Its app is made for traders who are just starting, but even more, experienced traders will find all the tools they need to trade well.
The application now has a new interface that is simple and easy to use.
It lets you do basic things like buy and sell cryptocurrency and deposit and withdraw money.
It works perfectly with the platform on the web.
7. Binance
Binance is one of the world’s most-used cryptocurrency apps in the world, not just in Nigeria.
If you trade a lot and want a cryptocurrency app with a lot of low-cost markets, you can leverage Binance. Every day, tens of millions of dollars worth of trades go through this popular trading app.
The Binance app is great for people who are just starting because it is simple, easy to understand, and easy to use.
The best thing about Binance is that you can trade hundreds of different cryptocurrencies.
With the Binance app on your phone, you can buy and sell cryptocurrency and look at your transaction history.
You will also be able to see your open positions and portfolios and take care of them or trade them however you want.
There are three basic orders for trading: a limit order, a market order, and a stop order.
Binance’s app lets you trade even the least popular cryptocurrencies because it has more than 380 currency pairs.
You can also use a credit card to buy cryptos through the application. It works on both iOS and Android.
To download the app, visit the official website at binance.com or search for Binance in the Play Store or App Store.
Summary
Our list of the best cryptocurrency apps for beginners in Nigeria is complete but not limited to the above.
These mobile apps for beginners in Nigeria were carefully chosen because they have some of the features that every crypto beginner needs.
Feel free to share any other trustworthy cryptocurrency apps for a beginner you’ve used in the comments.
