If you are new to cryptocurrency investing and want to place your first trade but are unsure where to start, you have come to the right place. In this guide, you will discover the best bitcoin exchanges for Africans to buy bitcoin, and other cryptocurrencies, using local currency.
Create an account by signing up for free.
The platform will then prompt you to go through the Know Your Customer (KYC) process where you are required to upload a selfie with your ID, a photo of your ID, and proof of address.
You will also need to fill out your personal details. For cash withdrawals, add a bank account. You will also need to add a payment method for peer-to-peer payments.
Click on wallets to buy or receive BTC. You can also access the convert, send, and sell options under this tab.
Select the peer to peer option at the top of the page to start trading.
If you are new to cryptocurrency investing and want to place your first trade but are unsure where to start, you have come to the right place. In this guide, you will discover the best bitcoin exchanges for Africans to buy bitcoin, and other cryptocurrencies, using local currency.
Coindirect
CoindirectCoindirect is a new cryptocurrency trading platform that is currently available in 24 countries including Kenya, Nigeria, and South Africa. The platform allows users to buy and sell bitcoin (BTC) and more than 30 altcoins such as Cardano (ADA), Dash (DASH), and Monero (XMR). In addition, the peer-to-peer exchange offers Escrow-protected transactions with transparent fees.
The platform enables users to carry out their transactions using local currencies while offering 24/7 access to their site.
How to buy bitcoin on Coindirect:
Open coindirect.com on your browser and select your country.
Create an account by signing up for free.
The platform will then prompt you to go through the Know Your Customer (KYC) process where you are required to upload a selfie with your ID, a photo of your ID, and proof of address.
You will also need to fill out your personal details. For cash withdrawals, add a bank account. You will also need to add a payment method for peer-to-peer payments.
Click on wallets to buy or receive BTC. You can also access the convert, send, and sell options under this tab.
Select the peer to peer option at the top of the page to start trading.
LocalBitcoins
LocalBitcoinsLocalBitcoins is the most popular peer-to-peer bitcoin exchange in the world. It allows users to securely buy and sell BTC.
The platform is available in every African country where users are willing to buy and sell the digital currency. LocalBitcoins also supports a wide range of payment platforms including mobile money transfers such as M-Pesa, which makes it a popular exchange for African bitcoin investors.
Traders with a high feedback score and level of trust are likely to conduct more trades on the platform.