Coinstick is providing Nigerian cryptocurrency users with a wallet designed to bring receiving, storing, selling and converting digital assets together in one platform.

The Coinstick wallet supports multiple cryptocurrencies and provides users with dedicated deposit addresses for receiving digital assets.

Rather than using a wallet only as a place to hold cryptocurrency, Coinstick combines wallet functionality with crypto-to-naira conversion, auto-sell and transaction tracking.

A Wallet Built for Nigerian Crypto Users

Coinstick describes its wallet as a multi-coin cryptocurrency wallet designed for Nigerian users.

The platform supports assets including Bitcoin, USDT, Ethereum and other cryptocurrencies.

Each supported asset can have a dedicated deposit address, allowing users to receive cryptocurrency from other wallets, clients or international sources.

Once crypto arrives, users can choose whether to hold the asset, sell it for naira or swap it for another supported cryptocurrency.

Fast Conversion From Crypto to Naira

A key feature of the Coinstick wallet is its connection to the company's crypto-to-naira conversion service.

Users can receive cryptocurrency into their Coinstick wallet and convert the asset into naira.

Coinstick currently advertises naira payouts in under nine seconds for its conversion process.

The company says its automated system detects incoming crypto deposits and can convert them at live rates, with the resulting naira transferred to a user's bank account.

This can be particularly useful for users who receive cryptocurrency as payment and need to access the equivalent value in Nigerian currency.

Auto-Sell for Incoming Crypto

Coinstick also provides an auto-sell function.

The feature allows users to select supported cryptocurrencies that they want automatically converted when received.

Instead of manually opening a conversion transaction every time cryptocurrency arrives, users can configure their preferred process through the platform.

Coinstick states that its auto-sell process can take an average of under nine seconds from deposit detection to bank credit.

Receiving Cryptocurrency Internationally

Cryptocurrency can be used to send digital payments across borders without relying exclusively on traditional international payment infrastructure.

Coinstick's wallet allows users to provide their dedicated crypto addresses to people sending supported assets.

For Nigerian freelancers, remote workers, businesses and other cryptocurrency users, this provides a way to receive supported digital assets and subsequently convert them into naira.

The company specifically promotes USDT as one of the assets that can be received through its wallet.

Live Rates Before Conversion

Coinstick's wallet and conversion services use live cryptocurrency rates.

The platform says rates update automatically and that users can see the current value before selling.

Its main website states that cryptocurrency rates are updated every 30 seconds, while the final rate is locked when a transaction is completed.

This allows users to see the expected naira value of their cryptocurrency before confirming a conversion.

Transaction History

Another feature of the Coinstick wallet is transaction tracking.

Users can review their cryptocurrency activity through their account, including deposits, conversions, swaps and withdrawals.

Keeping transaction information in one dashboard can make it easier for users to monitor their digital-asset activity and understand when funds were received or converted.

Security Infrastructure

Coinstick says security is incorporated into its wallet infrastructure.

The company states that every wallet is provisioned with a unique deposit address and monitored continuously.

It also says data transmitted between users and its servers is encrypted and that the platform uses 256-bit encryption, two-factor authentication and real-time fraud detection.

These features are designed to protect account information and cryptocurrency transactions.

Crypto Buying, Selling and Swapping

The Coinstick wallet is connected to a wider range of cryptocurrency services.

Users can buy crypto with naira, sell supported assets, swap between cryptocurrencies and convert crypto into local currency.

The platform currently lists Bitcoin, USDT, Ethereum, Litecoin, USDC, BNB, Solana, PYUSD, TRX and XRP among supported assets.

This means users can manage different digital assets from one platform rather than using separate services for receiving, swapping and cashing out.

Direct Bank Payouts

Once a user decides to convert crypto to naira, Coinstick sends the resulting funds directly to a Nigerian bank account.

The platform lists major financial institutions including GTBank, Access Bank, Zenith, First Bank, UBA, Opay and Kuda.

The company says more than 50,000 users currently use Coinstick.

By combining a crypto wallet with conversion and bank settlement, Coinstick is developing an infrastructure designed around the practical needs of Nigerian cryptocurrency users.

About Coinstick

Coinstick is a Nigerian cryptocurrency and fintech platform providing cryptocurrency wallets, buying, selling, swapping and crypto-to-naira conversion services.

Contact Details

Website: https://www.coinstick.co