{"id":745,"date":"2021-10-12T13:54:50","date_gmt":"2021-10-12T13:54:50","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=745"},"modified":"2025-02-08T16:41:56","modified_gmt":"2025-02-08T16:41:56","slug":"how-create-bitcoin-address-in-nigeria","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria","title":{"rendered":"How To Create Bitcoin Address In Nigeria"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ecf36a24220\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ecf36a24220\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#Process_For_Creating_A_Bitcoin_Address\" >Process For Creating A Bitcoin Address<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#1_Choose_The_Private_Key\" >1. Choose The Private Key<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#2_Apply_A_Hashing\" >2. Apply A Hashing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#3_Hashear\" >3. Hashear<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#4_Add_Version_Byte\" >4. Add Version Byte<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#5_Perform_Hash_With_SHA-256_Algorithm\" >5. Perform Hash With SHA-256 Algorithm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#6_Apply_Hash_With_the_SHA-256_Algorithm\" >6. Apply Hash With the SHA-256 Algorithm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#7_Choose_The_First_Four_Bytes\" >7. Choose The First Four Bytes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#8_Add_4_Bytes_Of_Checksum\" >8. Add 4 Bytes Of Checksum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#9_Convert_Result\" >9. Convert Result<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#Characteristics_Of_Bitcoin_Addresses\" >Characteristics Of Bitcoin Addresses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#How_To_Get_A_Bitcoin_Address_In_Nigeria\" >How To Get A Bitcoin Address In Nigeria<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#How_To_Create_Bitcoin_Address_On_Prestmit\" >How To Create Bitcoin Address On Prestmit<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#Frequently_Asked_Questions_FAQs\" >Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#How_Do_I_Get_A_Wallet_Address\" >How Do I Get A Wallet Address?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#What_Does_A_Bitcoin_Address_Start_With\" >What Does A Bitcoin Address Start With?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/prestmit.io\/blog\/how-create-bitcoin-address-in-nigeria\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>A Bitcoin wallet address is a user identifier in the Bitcoin payment network used to direct payments to your wallet. A Bitcoin address works like your bank account number, representing an entity. So, this article is important as Bitcoin traders or investors can learn how to create a Bitcoin address in Nigeria.<\/p>\n<p>Every cryptocurrency has a crypto wallet, where people receive, store, and send the assets. However, these wallets can be broadly classified into software, hardware, and paper wallets.<\/p>\n<p>The common type is a software wallet or a hot wallet. This is a type of crypto wallet that is available on online platforms. You can <a href=\"https:\/\/prestmit.io\/blog\/a-beginners-guide-opening-a-bitcoin-wallet-nigeria-with-prestmit\/\">create a Bitcoin wallet<\/a> on a platform like Prestmit, which generates a Bitcoin address to receive and send Bitcoin from your wallet.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-9906 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2021\/10\/IMG_1906.png\" alt=\"How to create Bitcoin address in Nigeria\" width=\"750\" height=\"1334\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/IMG_1906.png 750w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/IMG_1906-576x1024.png 576w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/IMG_1906-84x150.png 84w\" data-sizes=\"(max-width: 750px) 100vw, 750px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 750px; --smush-placeholder-aspect-ratio: 750\/1334;\" \/><\/p>\n<p>This address consists of a string of 26-35 alphanumeric characters, which enables you to send and receive Bitcoin.<\/p>\n<p>Primarily, a Bitcoin address works to transfer the digital currency to other addresses on the network, provided that the sender&#8217;s wallet software supports the address type.<\/p>\n<p>However, all addresses are known to represent a destination on the Bitcoin network.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Process_For_Creating_A_Bitcoin_Address\"><\/span>Process For Creating A Bitcoin Address<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Creating a Bitcoin address begins with generating a private key, granting us exclusive use of the funds.<\/p>\n<p>A public key will be generated, allowing us to share information with others without jeopardising our own.<\/p>\n<p>The ECDSA algorithm obtains the public key from the private key. A very efficient implementation of elliptic curve <a href=\"https:\/\/prestmit.io\/blog\/cryptography-its-characteristics-types-and-application\/\">cryptography<\/a> in which the curve is used as a generator point secp256k1 to get the public key.<\/p>\n<p>Once this key pair is generated, developing Bitcoin public addresses begins.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Choose_The_Private_Key\"><\/span>1. Choose The Private Key<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is the result of the previous procedure. That is, the private key is derived from using the ECDSA algorithm. It must look like this:<\/p>\n<p>0250863ad64a87ae8a2fe83c1af1a8403cb53f53e486d8511dad8a04887e5b2352<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Apply_A_Hashing\"><\/span>2. Apply A Hashing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It would help if you implemented the SHA-256 algorithm to hash the public key. This algorithm generates irreversible outputs (outputs) of fixed extension from variable extension inputs (inputs).<\/p>\n<p>As a result, they are unidirectional, and the private key cannot be deduced from the public one.<\/p>\n<p>You will get a 256-bit stream after applying the hashing function:<\/p>\n<p>0b7c28c9b7290c98d7438e70b3d3f7c848fbd7d1dc194ff83f4f7cc9b1378e98<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Hashear\"><\/span>3. Hashear<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hashear the previously obtained output again, this time using the RIPE MD-160 algorithm, which yields a 160-bit stream:<\/p>\n<p>f54a5851e9372b87810a8e60cdd2e7cfd80b6e31<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Add_Version_Byte\"><\/span>4. Add Version Byte<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Add the Bitcoin core network&#8217;s version byte (0x00) to the output of the RIPEMD-160 hashing algorithm application. You will get a Bitcoin address in hexadecimal format, which will look like this:<\/p>\n<p>00f54a5851e9372b87810a8e60cdd2e7cfd80b6e31<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Perform_Hash_With_SHA-256_Algorithm\"><\/span>5. Perform Hash With SHA-256 Algorithm<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hash the RIPEMD-160 result with the SHA-256 algorithm. This step is required as a verification mechanism to ensure that the Bitcoin address is spelt correctly.<\/p>\n<p>ad3c854da227c7e99c4abfad4ea41d71311160df2e415e713318c70d67c6b41c<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Apply_Hash_With_the_SHA-256_Algorithm\"><\/span>6. Apply Hash With the SHA-256 Algorithm<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Use the previous hash results to create a new one using the SHA-256 algorithm. The address acquired is combined in this step. As mentioned earlier, the SHA-256 algorithm is used twice as a verification mechanism.<\/p>\n<p>c7f18fe8fcbed6396741e58ad259b5cb16b7fd7f041904147ba1dcffabf747fd<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Choose_The_First_Four_Bytes\"><\/span>7. Choose The First Four Bytes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Pick the last SHA-256 hash&#8217;s final 4 bytes, which serve as the checksum for the Bitcoin address. In this instance, they are:<\/p>\n<p>c7f18fe8<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Add_4_Bytes_Of_Checksum\"><\/span>8. Add 4 Bytes Of Checksum<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The extended hash RIPEMD-160 of point 4 is created by adding the 4 bytes from the checksum of the preceding point. A 25-byte binary Bitcoin address is as follows:<\/p>\n<p>00f54a5851e9372b87810a8e60cdd2e7cfd80b6e31c7f18fe8<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Convert_Result\"><\/span>9. Convert Result<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Convert the byte string result to Base58Check encoding, which encodes Bitcoin addresses. As a result, the byte string will be converted into a base58 string.<\/p>\n<p>1PMycacnJaSqwwJqjawXBErnLsZ7RkXUAs<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Characteristics_Of_Bitcoin_Addresses\"><\/span>Characteristics Of Bitcoin Addresses<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. Every public Bitcoin address weighs about 25 bytes.<\/p>\n<p>2. They are between 26 to 35 characters long.<\/p>\n<p>3. Standard addresses (P2PKH) can start with &#8220;1,&#8221; and multi-signature addresses (P2PSH) can start with &#8220;3.&#8221;<\/p>\n<p>4. There is no use of characters like &#8220;O&#8221; and &#8220;I&#8221; in upper case. This is to prevent the confusion of using them for numbers &#8220;1&#8221; and &#8220;0.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Get_A_Bitcoin_Address_In_Nigeria\"><\/span>How To Get A Bitcoin Address In Nigeria<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are different ways of getting a Bitcoin address in Nigeria, including signing up to a platform offering a wallet address.<\/p>\n<p>Prestmit is one of the platforms that provide Bitcoin addresses in Nigeria. The idea is that users will generate a unique, single-use address for each Bitcoin transaction to deliver to senders.<\/p>\n<p>Here, each account automatically comes with a Bitcoin address. So, If you have just created a new account, you can access a unique Bitcoin address.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_To_Create_Bitcoin_Address_On_Prestmit\"><\/span>How To Create Bitcoin Address On Prestmit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"alignnone wp-image-9904 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2021\/10\/Prestmit-2.jpg\" alt=\"How to create Bitcoin address in Nigeria\" width=\"730\" height=\"420\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/Prestmit-2.jpg 730w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/Prestmit-2-150x86.jpg 150w\" data-sizes=\"(max-width: 730px) 100vw, 730px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 730px; --smush-placeholder-aspect-ratio: 730\/420;\" \/><\/p>\n<p>To create a Bitcoin address on Prestmit, follow the steps below:<\/p>\n<ul>\n<li>Visit the website or <a href=\"https:\/\/onelink.to\/yncqxs\" target=\"_blank\" rel=\"noopener\">download the mobile app<\/a><\/li>\n<li>Create an account with Prestmit<\/li>\n<li>Log in to your Prestmit account<\/li>\n<li>Proceed to Bitcoin wallet and click on &#8216;Generate BTC Wallet&#8217;<\/li>\n<\/ul>\n<p>Following the above steps, the newly created address becomes permanently yours, and you can start to receive Bitcoin into your address at any time.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_Do_I_Get_A_Wallet_Address\"><\/span>How Do I Get A Wallet Address?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is simple to get a Bitcoin wallet address. You only need to create an account with your preferred platform and proceed to generate an address. This is straightforward on Prestmit as you can immediately create a Bitcoin wallet address to receive, store, and send your Bitcoin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Does_A_Bitcoin_Address_Start_With\"><\/span>What Does A Bitcoin Address Start With?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A Bitcoin address usually starts with either 1, 3, or bc1. It is always between 26 and 35 characters long. Therefore, you can be sure of dealing with a valid Bitcoin address when it starts with any of these characters.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>While some people find getting a credible Bitcoin address for free difficult, Prestmit offers cryptocurrency outlooks for every user. That\u2019s right, if you are in Nigeria and have been on the search for how to get a free Bitcoin address in Nigeria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bitcoin wallet address is a user identifier in the Bitcoin payment network used to direct payments to your wallet. A Bitcoin address works like your bank account number, representing an entity. So, this article is important as Bitcoin traders or investors can learn how to create a Bitcoin address in Nigeria. Every cryptocurrency has [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":9905,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[12,487,476,14,488],"class_list":["post-745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-bitcoin","tag-bitcoin-address","tag-bitcoin-transaction","tag-cryptocurrency","tag-digital-currency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How To Create Bitcoin Address In Nigeria - Prestmit<\/title>\n<meta name=\"description\" content=\"Are you a new Bitcoin trader or investor? 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