Business

How To Set Up A Crypto Wallet

Published

1 year ago

March 13, 2025

In a world where digital currencies are fast gaining relevance and acceptance for daily income earning in digital trade and Web 3 evolution is a mainstay, it is important to dissect certain aspects that could continually yield money making opportunities for people on the internet.

Trading and investing in crypto currencies is a significant one.

This article explores the short steps a trader could follow in order to set up a crypto wallet and apply precautionary/restrictive steps to navigate potential risks.

1. Choose the right type of wallet for your needs

Making the right choice for the type of wallet that suits your needs is he first important step in setting up a crypto wallet. This should be done with the consideration of the risks attached, convenience and comfort.

For easy use and plan to make transactions often, software wallets is highly recommended due to its simple interface and low fees. However, if you care more about security, especially if you own a lot of cryptocurrencies, a hardware wallet is suitable for that.

2. Creating your crypto wallet

After making the choice of your wallet provider, the next step is to create your crypto wallet by going on their official website or downloading their app from a trusted and risk free app store. You will be required to set up your account with your personal information such as email address, phone number, and sometimes a form of verification to prove your identity.

Ensure you are on a secure internet connection while working on this and check that the website or app is genuine before giving any personal details.

3. Secure your wallet with strong passwords and backup

The next thing after setting your crypto wallet account is to apply a few security features to it. This could be creating a strong and unique password for it–not used for other social accounts.

Similarly, good wallets provide two-factor authentication (2FA) for extra security. When you turn on 2FA, you add another step to log in. This often requires a code sent to your phone or email.

4. Deposit your Cryptocurrency to your wallet

When you have fully set up your wallet and applied security features to it, you can then deposit cryptocurrencies to it. The first thing to do is to find your wallet address– a special mix of letters and numbers that shows where your wallet is on the blockchain. This is quite similar to your bank account for cryptocurrencies.

If you want to deposit funds in your wallet, start a transfer from an exchange or another wallet where you keep your cryptocurrencies. Then, you must be very careful to choose the right cryptocurrency and enter the correct wallet address.

5. Transact with your crypto wallet

Having completed the aforementioned steps and procedures, you can now send, receive, or manage your digital assets with cryptocurrencies in your wallet.

If you want to complete a transaction, just enter the recipient’s wallet address, the amount to send, and confirm the details.

Business

Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Published

16 hours ago

May 4, 2026

Editor

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”

He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.

Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”

According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.

The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.

He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.

According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.

He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.

“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.

“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.

“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”

When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”

Business

JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Published

3 days ago

May 2, 2026

Editor

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.

Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.

This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.

Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.

According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.

However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.

This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.

Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.

Business

Dangote Refinery Hikes Petrol Price

Published

6 days ago

April 29, 2026

Editor

Dangote Refinery has increased the ex-depot price of petrol by N75.

The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.

This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.

DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.