ZoneBitcoin EditorialBuy cryptocurrencies in Africa wasn't an easy thing a few years ago. But today there are more and more sites that allow you to do this in just a few clicks.
Africa is a big continent. There are several very disparate countries in terms of bitcoin regulations. Here, in this article, we mainly talk about French-speaking Africa.
You should know that Africa is the first continent with Latin America to use Bitcoin as a means of payment. It is also, as is the case with countries like Nigeria, a way of resisting the galloping inflation of local currencies.
We present to you, therefore, the 5 best sites to buy cryptocurrencies in Africa.
1/ Noones: The P2P platform to buy bitcoin
Basically, Africa is the country with the least widespread financial infrastructure. Few people have official bank accounts. Even though the continent remains the motherland of fintech and mobile payments, access to financial services is still very limited. However, everyone agrees to see in bitcoin, an ultimate solution to financial inclusion.
For a resident in Africa, buy cryptocurrencies with Bank card therefore proves difficult, if not impossible. Very often, the royal route is to buy bitcoin via peer-to-peer sites. Typically one of the most used is certainly Noones.
2/ Ejara: The easy-to-use application for buying and storing bitcoin
Ejara is an innovative app designed to make it easier to buy and hold Bitcoin in Africa. This platform offers users the ability to purchase, store and save Bitcoin securely and without the need for a trusted third party (non-custodial). Using Ejara, users can benefit from features such as cold storage for maximum security of their funds, as well as automated savings tools to accumulate Bitcoin gradually.
With a user-friendly interface and features tailored to the needs of African users, Ejara is paving the way for wider adoption of Bitcoin as a means of savings and inflation protection in the region.
3/ YellowCard: An all-in-one platform for cryptocurrency services
YellowCard is a revolutionary platform that allows African users to buy and sell Bitcoin and other cryptocurrencies simply and securely. This application offers a convenient solution for accessing cryptocurrencies, even for those who do not have a bank account or credit card. Using YellowCard, users can make cash transactions at physical points of sale or through electronic payment methods such as mobile transfers.
Additionally, YellowCard offers a secure, non-custodial wallet option, allowing users to control their funds without having to trust a third party. With its user-friendly interface and features tailored to the needs of African users, YellowCard helps democratize access to cryptocurrencies in the region and promote financial inclusion for all.
4/ bybit : The platform for trading and P2P
If there is an ambitious platform for the African market, it is bybit. Bybit is a platform that is gaining a lot of momentum recently. This is completely understandable because the platform offers many services. The platform is more than sufficient for a beginner trader and even an advanced trader.
The platform has all the crypto pairs you want. bybit even has its own launchpad. It therefore remains a fantastic platform for finding new projects. We also have a Bybit review for those just starting out.
The interface is very pleasant and professional. In fact, the company organizes numerous competitions for casual and expert traders. This allows you to win additional prizes in a fun way. You can also use ByBit on the mobile app.
💡 bybit is particularly interesting for African residents, as there is now a peer-to-peer space. You can then buy and sell cryptos to individuals in your country. A fantastic opportunity.
Conclusion: More and more solutions for buying cryptocurrencies in Africa
Buying cryptocurrencies in Africa is now easy as we have just seen in this article. There are many sites to do this, depending on your desires and tastes.
However, some states likeAlgeria and Morocco have banned the trading of cryptocurrencies... Others have passed the milestone, like the Central which legislated on Bitcoin and which now has its own cryptocurrency: crypto sango and considers it legal tender in the country.
This is just the beginning; Many other countries are currently considering following in the footsteps of the Central African Republic. For many Africanists, it is also a way of regaining a form of independence in the face of Franc CFA. There are more and more African cryptocurrencies created and more and more crypto companies in Africa.
🇬🇭 In the Bitcoin in Africa section, discover other articles:
- The 5 best platforms to buy bitcoin in Africa
- Cryptocurrencies enable the development of Africa…
- Is Africa ready for the cryptocurrency revolution yet?
- Bitcoin in Africa: the best African bitcoin companies
Also, feel free to look at possibilities to buy bitcoin in Africa depending on your country. For example, in Togo, there are " the house of Digital » which allows you to buy BTC with your mobile phone. Similarly, recently an innovation called Machankura allows you to send BTC via a simple cell phone (with USSD technology).
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
See also:
- What is the situation of Bitcoin in Cameroon?🇨🇲
- Despite the obstacles, Bitcoin is gaining momentum in Senegal 🇸🇳
- Bitcoin in Rwanda: The continent's next bitcoin hub?
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