Want to buy Bitcoin in Africa? It seems complicated, I imagine? Most sites where you want to buy Bitcoin ask for your ID or some other proof of residence. It's true that most of them require you to be a resident of Europe.
But! But, there are alternatives!
If you're new to investing in Bitcoin and want to make your first purchase, you've come to the right place! In this article, you'll discover the best Bitcoin buying and selling platforms available for Africans. Whether you live in Morocco , Senegal, Ivory Coast , Benin , or elsewhere in Africa, you'll find a platform to buy Bitcoin.
This way, you can buy other cryptocurrencies with your local African currency ( CFA for example)!
1/ Noones: Buy bitcoin in Africa from another reseller.
Peer-to-peer platforms are the primary platforms used to buy Bitcoin in Africa. Indeed, it is the best-known and most popular platform to date. Noones facilitates peer-to-peer Bitcoin exchange and is the most popular in the world. It allows users to securely buy and sell BTC.
The platform is available in all African countries where users want to buy and sell bitcoins. Noones also supports a wide range of payment platforms, including mobile money transfers such as M-Pesa, making it a popular exchange among African bitcoin investors.
Traders with a high feedback score and high trust level are likely to transact more on the platform.
To buy bitcoins on this platform, follow the following steps:
- Visit Noons and register for free.
- Once you create an account, the site will ask you to verify your email address.
- You will also need to verify your phone number, identity and real name to be able to trade. Additionally, you will need to increase the security level of your account by enabling two-factor authentication.
- Once you have completed these steps, choose your country and desired payment method to see the available offers.
- When you have found an offer that meets your investment needs, click on it, send the amount to the seller and wait for the BTC to arrive in your wallet.
- Since the money will be in escrow, your funds will be safe. That said, it is best to only trade with known traders on the platform for added security.
Alternatively, here is a detailed article that explains " how to buy bitcoin with CFA francs ".
2/ Paxful : Buy bitcoin in Africa from African dealers
Paxful is another popular peer-to-peer bitcoin trading platform that is very accessible to Africans. The platform allows users to buy, sell, spend, and accept bitcoins.
The Paxful platform is popular because it can be used by all members from all countries in the world and from all African countries! Yes, all of them!
Transactions on Paxful take place online via live chat, while transactions are processed with secure Escrow. The platform is available in Nigeria, South Africa, Kenya, Togo, Mozambique, Mauritius, Algeria, Egypt visit us at the Rwanda, among other African countries.
The platform offers more than 300 payment methods, such as bank transfer, Western Union, PayPal, VISA, Mastercard and MoneyGram. The Paxful marketplace has 1,7 million monthly active users worldwide and is therefore able to provide decent liquidity to bitcoin traders. It is therefore very interesting and very easy to buy on Paxful.
To buy bitcoins on Paxful, follow these steps:
- Sign up for a free account and wallet at https://paxful.com. You can also start by clicking Browse Bitcoin Offers before creating an account.
- Confirm your email address and phone number, then enter the required basic information.
- Improve your account security by adding two-factor authentication (via your phone)
- To purchase bitcoins from the platform, enter your preferred amount, then select a currency and payment method. Once done, search for an offer and complete the transaction using your preferred payment option.
- Once completed, you will receive your BTC in your wallet on Paxful.
3/ Remittan : Buy bitcoin with other dealers in Africa
Remitano is a peer-to-peer Bitcoin exchange platform where users can also buy and sell Ether (ETH), Bitcoin Cash (BCH), and Tether (USDT). That said, the platform is less attractive than LocalBitcoin or Paxful.
The Remitano platform is a product of Babylon Solutions Limited incorporated in Seychelles. The platform is available in Nigeria, Kenya and South Africa, to name a few countries.
Remitano has an easy-to-use interface, making buying and selling BTC on the platform quick and easy. Supported payment methods include bank transfers and mobile money transactions such as M-Pesa in Kenya.
Here's how to buy bitcoin on Remitano:
- Sign up for a free account at https://remitano.com by typing your email address and following the prompt.
- Click on your profile to submit your phone number and upload the required KYC documents.
- Add two-factor authentication to secure your account.
- Once you are done, you can start trading by looking for advertisements in the BTC buy/sell section.
- Once the transaction is completed, you receive your BTC in your Remitano wallet.
4/ Coinmama : a secure and complete platform
Coinmama is a Bitcoin exchange available in over 200 countries, including Kenya, Nigeria, and Tanzania. If you're based in Tunisia, for example, you can buy Bitcoin with your bank card. It simply needs to be a Visa or Mastercard. On this platform, you can trade ETH, BTC, BET, LTC, BCH, and XRP using local currencies.
The platform features an order book, chart, market monitoring and market status to help users complete their trades. These features are located on the dashboard.
Coinmama accepts bank transfers, while users pay 0,50% of the volume of each transaction. You can also withdraw accepted currencies from your wallet.
To buy or sell bitcoins on Coinmama, follow these steps:
- Sign up for a free account and wallet at Coinmama.
- Then, complete the KYC requirements where you are asked to upload proof of identity and address, as well as a bank document if you exceed $150.
- You need to secure your account by adding Google Authenticator for logins. To do this, open User Settings and add Google Authenticator.
- Once your account is verified, click on the wallet section and then select the currency you want to deposit.
5/ ByBit: Buy bitcoin on an exchange
Bybit is a cryptocurrency exchange platform currently available in 131 countries worldwide. In Africa, it operates in Kenya, Nigeria, Mali, Ghana, the Democratic Republic of Congo, Ivory Coast, Zimbabwe, Tunisia, and South Africa, among others. The platform allows users to buy and sell Bitcoin (BTC) and over 30 altcoins, including Cardano (ADA), Dash (DASH), and Monero (XMR). Furthermore, Bybit features a peer-to-peer space, offers third-party protected transactions, and provides transparent fees.
The platform allows users to transact using local currencies while providing 24/7 access to their site.
How to buy bitcoins on Bybit :
- Open BYBIT on your browser and select your country.
- Create an account by registering for free.
- The platform will then prompt you to go through the KYC (Know Your Customer) process where you need to upload a selfie with your identity, a photo of your identity and address proof.
- You will also need to provide your personal details. For cash withdrawals, add a bank account. You will also need to add a payment method for person-to-person payments.
Click on the wallets to buy or receive BTC. You can also access conversion, sending and selling options under this tab. - Select the peer-to-peer option at the top of the page to start trading with other people.
Remember that once you have your Bitcoin balance, you can transfer it to your secure wallet. You can even exchange it for dollars or euros as you wish. By the way, I've also written an article on how to buy Bitcoin with CFA francs.
?? For more details on the best options for buying and selling Bitcoins in major African markets, contact us. You can email us at info (at) zonebitcoin.co to find out the procedure for your country.
Read other articles:
—> Buy cryptocurrencies in Africa
—> Buy bitcoin with CFA francs.
—> The tutorial for using PaxFull
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To buy cryptocurrencies (in a simple way) :
- Speaking on Binance (Complete crypto trading platform)
Generate interest on your cryptocurrencies:
- Speaking on Youhodler (Earn up to 12% interest)
To secure your cryptocurrencies:
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