How To Open A Bitcoin Wallet In Nigeria 2025

As crypto, and Bitcoin become more common in Nigeria, and the entry barrier becomes lower and lower, especially with tools like the Breet App making it easy for Nigerians, learning how to open a Bitcoin wallet is a good place to start. 

So, if you’re ready to join the league of top crypto traders, you have to start somewhere, and in this blog piece, you’ll get clear, simple, and straightforward guide to opening a wallet. 

Ready to begin this exciting journey? Continue to read!

What Is a Bitcoin Wallet?

A Bitcoin wallet is a digital store where your Bitcoin assets can be kept and transacted. To access your Bitcoin wallet, you need a set of private keys that are peculiar only to your wallet. 

For example, safes have locks, and to access them and store money or valuables, you need the keys to secure and unlock them. This is also applicable to Bitcoin wallets.

Bitcoin is digital money, so you need a wallet to keep it safe. The secret keys are the safe lock keys; this wallet can be compared to a safe. Accessing your Bitcoin accounts and sending or receiving money require these private keys. Your wallet contains your Bitcoin address, where the currency is sent when you acquire it.

CHECK OUT: Best Cryptocurrency Wallets In Nigeria

Beginner’s Guide on How To Open A Bitcoin Wallet In Nigeria

Opening a Bitcoin wallet for yourself is easy, and straightforward. You can do this with just a smartphone, either an Android or iPhone device. Here’s how to open a Bitcoin wallet with Breet:

1. Download the Breet app on Google Play Store or Apple Store. You can also use the web version.
2. Install the app on your device
3. Sign up by creating a Breet account for yourself.
4. A Bitcoin wallet will be generated for you automatically after sign up. You can then copy the address, and use it for funding your Bitcoin wallet on Breet.

Signing up takes less than 5 minutes, but if you need a guide, you can click here.

How to Locate Your Bitcoin Wallet Address and Share It

Whenever you want to fund your Bitcoin wallet, you will need to make use of your Bitcoin wallet address. The address is peculiar to you, just like your bank account number.

If you ever make the mistake of deleting a letter or number from your wallet address generated specifically for you, you will lose any Bitcoin asset sent to that address.

Now, let me show you how to locate your Bitcoin wallet address on Breet.

1. Log into your Breet account.
2. You will see a different list of crypto available for trade. Click on ‘Bitcoin’
3. Once you click on it, your BTC wallet address will be displayed. You can copy the address by tapping the ‘copy’ icon.
4. You can also click on the ‘share’ icon and share with your senders via various communication platforms on your device.
5. You can also share your Bitcoin wallet using a QR code. Click on the ‘show QR Code’ button. Your QR code will appear, and your sender can scan it to send Bitcoin to you easily.

How to Securely Use a Bitcoin Wallet

1. Don’t Use Public Internet

Wifi hosts can potentially collect data and information from transmitted internet traffic, including passwords, private information, and sensitive data. Public Wi-Fis are wireless connections with no encryption, which makes them unsafe. Avoid public networks.

2. Use a Strong Password

You must use a password that is very different for hackers to predict. Do not use cliche passwords like your date of birth, full name, or phone number. Create a more challenging phrase with a combination of words, numbers, and even symbols. Use capitalisation as well.

3. Make Use Of The Two -Factor Authentication Available

The Breet App offers users maximum safety. One of the protocols available is 2-factor authentication. It’s important you use this feature to give you a more robust  security, by helping to restrict unwanted access to your account.

Frequently Asked Questions (FAQs) About How to Open a Bitcoin Wallet in Nigeria

What is a Bitcoin Wallet, and Why Do I Need One in Nigeria?

A Bitcoin wallet is a digital store where you can keep your Bitcoin assets. Having a Bitcoin wallet in Nigeria gives you the leverage to receive and send Bitcoin.

Can I open a Bitcoin wallet without verification in Nigeria?

Wallets like Metamask, Trust Wallet, and some others do not require verification, but exchange-based wallets like Binance, Bitget, and others may.

Can I withdraw money from my Bitcoin wallet to my Nigerian bank account?

Yes, and you can easily do this with Breet. All you need to do is sign up for Breet and set up your account with your bank details. You can easily convert your Bitcoin into Naira and then send it directly to your account. 

Can I have multiple Bitcoin wallets in Nigeria?

Yes, you can. Having multiple wallets will help you mitigate the risk of losing all your funds if you lose access to your seed phrase. You can spread your Bitcoin assets between them. However, make sure you keep your private keys safe.

What is a seed phrase, and why is it important?

The seed phrase is a 12-word or 24-word combination that secures your wallet. Your wallet can only be accessed through it, guaranteeing its safety, as it is only available to you. If you lose it, however, your Bitcoin asset in your wallet might be lost forever.