The demand for Ethereum Ether has continued to increase as more people discover its use and potential investment opportunity.
The top cryptocurrency exchanges where Ether can be bought in Nigeria include:
Details are discussed below.
Quidax is one of the best exchanges to buy the Ethereum Ether ETH in Nigeria.
It was launched in 2018 and has received massive adoption by most traders in Nigeria.
Besides Ether, Quidax supports storage and trade of Bitcoin, Dash, Ripple, Litecoin, Tether, BitcoinCash, and BitcoinGold.
Luno started in 2013 in Singapore and has since expanded its services to several other countries.
It is a broker/trading platform type of exchange and it had the brand name changed in 2011 from Bitx to Luno.
Luno currently supports only 3 cryptocurrencies: Ethereum, Bitcoin, and Bitcoin Cash(which was recently added in July 2019).
Blockvila is your best choice for broker exchanges in Nigeria.
Formerly Ngexchanger, the exchange was founded in 2017. It has proven itself to be one of the best indigenous cryptocurrency exchanges.
This can be accredited to its excellent customer support system, user-friendly interface, and instant funding when buying Ether.
It connects buyers and sellers using the Escrow system.
It started off as a P2P Bitcoin exchange in Nigeria but has now expanded its services over the years.
Users on Remitano can now buy and sell Ether through P2P.
Binance is another good exchange that you can buy Ether from.
It is a trading platform for over 500 cryptocurrency pairs.
The platform was launched in 2017 by Changpeng Zhao, a Chinese developer and now offers a lot more services apart from crypto trading.
BuyCoins is a P2P exchange that is based in Lagos, Nigeria.
The exchange was launched in 2017 as Bitkoin Africa but later rebranded to BuyCoins in February 2018.
The platform serves only Nigerians and supports the following cryptocurrencies:
Paybis is a digital and cryptocurrency exchange where you can swap one currency for another.
For example, from fiat money (such as Dollar, Euro, e.t.c.) to cryptocurrencies (such as ETH, BTC, XRP, e.t.c.).
Other cryptocurrencies that can be bought on Paybis include Bitcoin, Litecoin, Ripple, Bitcoin Cash, and Neo.
Some other exchanges where you can buy Ether include CEX.IO, Bitstamp, Coinbase,e.t.c.
Another way of buying Ethereum is through Bitcoin. If you already have Bitcoin, you can easily exchange it for Ethereum.
If you don’t have Bitcoin, there are numerous methods of buying Bitcoin using various payment methods as you find suitable.
Once you have your Bitcoin, you can exchange it for Ethereum on these platforms.
Okay, so now I have acquired the coins, where do I store them?
Got you covered still; just scroll down and read up!
Ethereum Ether(ETH) is the 2nd cryptocurrency by market capitalization. It is as well one of the most promising techs in the blockchain realm.
While we have an extensive range of Ether wallets out there, I will only look at the best and most popular Ether wallets around. The list includes:
- Ellipal Titan
Find the details below.
This is still the best and most secure hardware wallet for Ethereum Ether as at the time of compiling this list.
Bitfi stores your Ether securely offline. Considering security, Bitfi security is state of the art with the development team claiming it to be unhackable.
This claim is based on the fact that nothing is stored on this device; not the seed keys or the private keys.
Then how does it guarantee security? It guarantees security in a very unique way.
On set up, Bitfi prompts you to create a single word private key that is not stored on the device or on any server in the world.
This single word is remembered only by the user and serves as a password and also a private key.
Ledger wallet is one of the cheapest Ether hardware wallets money can buy and costs from $59 — $119.
In this wallet, your Ether and other cryptos are stored offline on the device.
In a case where you want to spend your Ether, Ledger signs you in with the private key stored on the device.
It works by storing Ether on a secure offline electronic chip which can only be accessed and activated when you log in with your password.
It costs from $78 — $170. Its products include Trezor One and Trezor T.
KeepKey is one of the most popular hardware wallets in town. It is another great Ether wallet that supports other cryptocurrencies as well.
KeepKey is greatly secured and privacy-centric. It stores crypto assets by keeping the private keys offline and backed by a seed phrase.
So, you can store your Ethereum and other cryptos with a level of security that can guarantee the safety of your assets.
Ellipal Titan claims to be 100 percent isolated from all networks by only creating a connection with the computer or smartphone via QR codes.
It supports Ether and over 30 native coins including all the ERC20 tokens.
The wallet costs $169 (excluding shipping fees).
If you lose your device, don’t worry! You can use your recovery phrase to get your portfolio back.
This wallet is particularly different from other traditional web wallets. This is because unlike most web wallets, in MyEtherWallet, you control your Ether private keys.
MEW is also distinguished because it is an open-source wallet requiring no third-party servers.
For convenience, you can also connect some hardware wallets such as Trezor or Ledger to MEW’s web environment to access your funds easily.
Exodus is the world’s first multi-cryptocurrency desktop wallet.
It supports up to 100 cryptocurrencies including Ethereum Ether.
It is very keen on security too, introducing email recovery and seed keys to make sure your digital assets are secure.
Jaxx is a multi-crypto wallet that supports wallets for over 80 cryptocurrencies including ETH.
It has an elegant interactive design with excellent security features.
Your private keys never leave your device and features like seed keys allow you to synchronize and restore your wallet funds whenever needed.
Most exchanges serve as wallets for storing Ethereum Ether and other cryptocurrencies.
Now, armed with this knowledge of where to store ETH, let’s go-ahead to look at how ETH is gotten.