Crypto Glossary

Alt-coins

Alt-coins are alternatives to bitcoin. Basically any other digital currency like litecoin, ethereum, ripple, stellar lumens, and tron.

ATH

All Time High

Cryptocurrency

Crypto currencies, often called crypto, are digital money systems. You can buy, send, receive, and store cryptocurrency, just like cash, on a crypto wallet without a bank. You can save cryptocurrency like an investment, or you can use it to buy everyday items. The most popular cryptocurrency is bitcoin. Half of the $2.5 Trillion USD Cryptocurrency Market Cap is made up of bitcoin.

Buy bitcoin here

NGN to BTC conversion rate

NGN to crypto conversion rate

Buy Altcoins here

NGN to TRX

NGN to ETH

What is the meaning of a Crypto faucet?

A Crypto faucet is a computer program that allows you to earn cryptocurrency by performing simple tasks on your phone or computer. Some Crypto faucets will also let you purchase crypto with Naria.

Here’s a list of some popular Bitcoin Faucets:

BonusBitcoin

Bitcoin Aliens

Moon Bitcoin

Free Bitcoin

Bitcoin Zerbra

What is the meaning of staking Crypto?

Staking Crypto is a great way for Nigerians to earn passive income with their cryptocurrency. On a very basic level staking involves keeping your crypto funds in a particular crypto wallet where it earns interest. Staking Crypto helps support the daily operations, consensus and security of a blockchain network.

Staking with Binance

Staking with Trust Wallet

Staking with Block Fi

Staking can earn you huge profits depending on the platform and the crypto being staked.

Crypto Wallet

A crypto wallet is a place to store your crypto. There are two main types of crypto wallets, hot wallets and cold wallets.

Hot wallets are connected to the internet. They are a digital place to store your crypto.

Cold wallets, also called Hardware wallets, are not connected to the internet. They are offline and much safer. A cold wallet can look like a USB key, like the Ledger nano,  or be QR code printed on a piece of paper.

What is the best hot crypto wallet in Nigeria?

Below are a list of the three best hot crypto wallets for Nigerians in 2021.

BlockChain

Blockchain’s wallet is the most popular crypto wallet in the world and is one of the best hot crypto wallets to store BTC, ETH, and XLM in Nigeria. You can also store algorand (ALGO), bitcoin cash (BCH), tether (USDT), and USD digital (USD-D) too.

Trust Wallet

Trust Wallet is a decentralized open sourced wallet that supports over 40 blockchains and 160k digital currencies. Trust wallet can be used anywhere in Nigeria with an internet connection. Trust wallet offers staking and connection to (d)apps like no-loss lotteries and gaming on their platform.

Exodus Wallet

Exodus is an easy to use wallet, designed for those newer to the crypto space. It supports a variety of coins as well. The only reason not to use Exodus in Nigeria is the soft-ware is not open sourced.

What is the best cold crypto wallet in Nigeria?

A cold wallet is definitely the safest place for your Cryptocurrency. Below are the three best cold wallets for Nigerians in 2021.

KeepKey

Ledger Nano X

Trezor Model T

S

Satoshi – one hundred millionth of one bitcoin (0.0000001 BTC), the smallest unit of bitcoin available.

Sharding

Smart Contract

Smart Token

Staking

Trading Bot

Whale