ZoneBitcoin EditorialThe state of legislation in Africa is heterogeneous to the extent that there are different regulations depending on the country. Some countries have banned the use of cryptocurrencies, as is the case in Morocco, while others are more tolerant or even very progressive on the issue. This is particularly the case of the Central African Republic which has made bitcoin a perfectly legal currency in the country since 2021.
Between these two types of jurisdiction, many countries have not directly spoken out and do not have an official position on the use of cryptocurrencies. This is particularly true for the States and economic players in the area. WAEMU which brings together Benin, Mali, Burkina Faso, Ivory Coast, Senegal, Guinea-Bissau, Niger and Togo.
However, states are currently working to put in place regulations on the use of cryptocurrencies in the country.
There are few cryptographic structures in Ivory Coast. However, there is an ever-increasing population that wants buy bitcoin in Ivory Coast. Ivorians, like many populations in Africa, use bitcoin to protect themselves from inflation and to be able to exchange money more easily.
What is the situation of bitcoin in Ivory Coast?
The Bitcoin situation in Ivory Coast largely mirrors that observed in many other African countries. Bitcoin is gaining popularity in Ivory Coast, just like in many other African countries. Individuals are increasingly interested in cryptocurrencies as an alternative to traditional financial systems and as a means of investment.
Because the population in Ivory Coast is young, Bitcoin is particularly popular with this population, who see cryptocurrencies as a potentially lucrative investment opportunity. Young entrepreneurs and investors are looking to take advantage of fluctuations in the cryptocurrency market to make profits.
There is growing awareness of Bitcoin and cryptocurrencies in general in Ivory Coast, fueled by social media, online forums and local events. Interested people are looking to learn more about how cryptocurrencies work and the opportunities they offer.
However, as in many other countries, regulation of cryptocurrencies in Ivory Coast can be unclear or non-existent, creating an uncertain regulatory environment for users and businesses that engage in crypto-related activities. currencies.
Buy bitcoin easily with Barka Change
Barka Change, is a website and mobile application that allows you to easily buy and sell cryptocurrencies from Ivory Coast. Moreover, Barka is available everywhere in West Africa: Burkina Faso, Mali, Ivory Coast, Togo, Benin, Senegal, Cameroon, Guinea, etc.
The process is very simple and registration is quick. All you need to do is register with your email address and phone number.
You have several payment methods and you can pay in CFA Franc (by Orange Money, Moov or even by MTN for example. It is also possible to sell cryptocurrencies in the same way.
All you have to do is choose the amount you want to purchase and the type of cryptocurrencies you want to receive, such as bitcoin for example. As soon as you make the payment, your amount is automatically sent to the wallet you noted.
Note: To use Barka Change, you will need to have a cryptocurrency wallet. There are different bitcoin wallets that you can download right now like Trust wallet, BlueWallet, Bitnob or even wallet Of satoshi.
2/ Buy bitcoin on YellowCard
The service YellowCard is gaining popularity on the continent due to its reliability for buying and selling bitcoin and other cryptocurrencies like USDT for example.
YellowCard is available in more than 16 African countries and you must have an African telephone number to be able to register on the platform.
Yellow Card is a most trusted legal platform where you can sell and buy with XOF bitcoin, ethereum and USD Tether at prices and fees you won't see anywhere else.
The advantage of buying bitcoin in Ivory Coast with Yellowcard is certainly the ease of use afterwards. Indeed, yellow card also provides a free bitcoin wallet, which allows you to use it to buy but also sell and pay in bitcoin. Thus, it is the ideal solution for beginners and those who want an all-in-one platform.
3/ Buy bitcoin on a peer-to-peer platform
You can also choose to use a peer-to-peer platform without KYC or popular platforms in Africa like Noons for example to be able to obtain bitcoin easily. Peer-to-peer platforms mean that you will buy bitcoin directly from another person. You can choose a person for example who sells bitcoin from the Ivory Coast or any other person from the UEMOA zone who therefore accepts the CFA franc.
This is a method that is certainly practical but requires a certain knowledge of this type of platform in general. You can read our article on Noons to know more.
If you are a beginner, it is better to opt for a service like YellowCard, much easier for a beginner.
Faq
How to buy bitcoin from Africa with euros or dollars?
You should know that on the majority of sites to buy bitcoin in Africa, you will be able to buy bitcoin and other cryptocurrencies with XOF but also with dollars or euros. Moreover, it is also possible to sell your bitcoins for dollars and euros. You will then need to have an account on PerfectMoney, Payeer or even AdvCash.
Is Bitcoin available in Ivory Coast?
The legislation on bitcoin and cryptocurrencies is not precise at the moment in Ivory Coast. However, the Ivorian population is increasingly interested in purchasing bitcoin. There are now many platforms on which Ivorians can obtain bitcoin.
Is cryptocurrency legal in Ivory Coast?
Côte d'Ivoire has not yet ruled on the legislation of bitcoin and cryptocurrencies in Côte d'Ivoire. The country is part of the UEMOA zone and regulations therefore depend heavily on a collective decision. It is very likely that a future law on the subject will appear in the near future.
What is the best site to buy BTC in Ivory Coast?
There are several solutions for buying bitcoin in Ivory Coast. You can use the YellowCard platform which is very practical for buying bitcoin but also for sending bitcoin. This is probably one of the easiest applications to use for an Ivorian currently.
Likewise, there are also services like Barka Recharge which is very easy to use and which allows you to buy bitcoin with XOF with orange money, moov or even MTN.
It is also possible to use the platform Noons which is still more popular in Africa.
How to actually buy BTC on an online site?
Whether you choose Barka Recharge, YellowCard or Binance, the principle is still the same and the steps are simple to follow.
All you need to do first is register with your telephone number or by email.
Next, you must choose the cryptocurrency you want to buy, in our case, bitcoin.
Then, you must choose the amount you wish to purchase and the payment method (orange money, MTN or bank transfer, for example).
From there, you can validate your transaction with one click.
You must now send the amount and once the platform receives the funds, they will send you the bitcoin you have just purchased to the address indicated.
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