Bitcoin is a significant tool for gaining economic and civilian power in countries where the regime is corrupt and the economy is stuck behind. It is therefore not surprising that Bitcoin and Crypto are in very high demand in Africa.
One of the side effects that highlights the high demand for Bitcoin in Africa is the fact that its exchange rate on local stock exchanges is times tens of percent higher than its average rate.
Nowadays you can find a good selection of Crypto exchanges and trading platforms in the continent. Here are some popular choices:
Bitmari is one of the leading bitcoin exchanges in Africa, with fast transaction time and reasonable fees. It even supports a Bitcoin wallet. Bitmari services Zimbabwe and other parts of Africa and supports various African languages such as Shona Ndebele, Wolof, Swahii, Tswana, Zulu and more.
country: South Africa
CM Trading is a forex service that operates from Johannesburg but offers its services to other countries. It is considered an advanced platform and features mobile trading. It offers MetaTrader 4 and Sirix that are familiar to forex traders. The exchange has a minimum deposit of $250 and funding options are credit cards, bank wire transfers and Skrill.
country: South Africa
CryptoChange is an online cryptocurrency exchange, operating since 2016. It offers a wide variety of currencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash and more.
You can fund your account from South African Banks through direct bank transfer.
The exchange has a Know your Customer (KYC) and an Anti-Money Laundering (AML) policy. You will be asked to send identification documents and utility bills.
BitPesa is digital crypto and foreign-exchange payment platform, located in Nairobi. It allows users to send and collect business payments between Africa and the rest of the world. The platform is used by importers and exporters across Africa. Transfers are performed over the bitcoin network and users can send and receive payments in multiple currencies, including African currencies.
Payplux is a Ghana crypto exchange platform that provides services across Africa to companies and individuals; including payment solutions. It partners with several banks and mobile wallets. You can buy and sell Bitcoin, Litecoin and Ether.
Golix is a cryptocurrency exchange based in Zimbabwe. Golix offers buying cryptocurrencies with Fiat and also has its own Ethereum token “GLX”.
Trezor or Ledger. Click here to read our Guide to Bitcoin and Altcoins wallets 2019.