Best crypto platforms in Africa
Africa has been publicizing cryptocurrency and blockchain technology for quite a while now. Many countries of Africa have adopted technology and has a growing crypto market. In fact, Bitcoins is now considered as an alternative medium of trade and investment in many countries in Africa. In this article we have listed few trusted cryptocurrency exchanges in Africa.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
Binance offers over a hundred coins, many trading pairs as well as unique features and services such as staking, DeFi farming and more. What makes Binance unique for Nigerians is that it has a localized presence in Nigeria.
Nigeria users can access naira (NGN) trading pairs, and at the moment, the exchange supports two NGN trading pairs, BTC/NGN and USDT/NGN. In February 2021, Binance added the NGN FIAT/NBN trading pair to its P2P trading platform in Nigeria as well.
Binance also offers Android and iOS devices mobile apps, with the apps offering an optimized trading experience.
Bundle, an Africa-focused social payments app for cash and cryptocurrencies, backed by Binance has launched in Nigeria. Founded by Yele Bademosi, formerly a director at Binance Labs, Bundle allows users to request, send, and receive cash or crypto from their peers.
We make it easy and fun to make payments with cash as well as cryptocurrencies like Bitcoin, Ether, BUSD and BNB. Bundle is safe, fast, fun and free.
With Bundle, you can send money to anyone on your contact list for FREE, as long as they have the Bundle App. RIP unnecessary Bank Charges.
Bundle is a fun social payments app for cash or crypto. Not only do we make it easy to send cash like Naira (NGN), we also make it easy to send crypto such as Bitcoin.
What can you do with Bundle Africa?
_ Send and Receive cash or crypto instantly.
_Send cash or crypto to your contacts not on Bundle.
_ Buy and sell crypto.
_ Withdraw and deposit crypto.
Remitano is an online platform that provides an escrowed P2P crypto marketplace that supports the buying and selling of cryptos. The platform allows users to buy and sell cryptos with either crypto or fiat currencies.
You can trade both Bitcoin and Ethereum through a wide variety of payment methods. You can buy cryptocurrency through USD or fiat currency and exchange them for Bitcoins. Its Escrow account facilitates peer-to-peer service for its users. Remitano charges a fee of 1% for the taker and there are no maker charges. Remitano supports more than 30 countries by far and the app can be easily downloaded you’re your mobile phone from Google and Apple app stores.
Paxful is another popular peer-to-peer bitcoin trading platform that is accessible to Africans. The platform enables users to buy, sell, spend, and accept bitcoin.
Trading on Paxful takes place online via live chat while transactions are handled with secure Escrow. The platform is available in Nigeria, South Africa, Kenya, Mozambique, Mauritius, Algeria, Egypt, Rwanda, among other African nations.
The platform provides 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 globally and is thus able to provide decent liquidy for bitcoin traders.
LocalBitcoins is a peer-to-peer Bitcoin exchange market. This decentralized market allows the exchange of their local currencies for bitcoins. The site clearly enlists the current exchange rates in the platform. People who wish to buy bitcoins can buy them through online banking or trade directly through cash by personally meeting their traders. Users have escrow accounts to safeguard the transactions.
LocalBitcoins focuses on bringing people together in one platform through online trading especially in countries where there is a lack of traditional banking industry.
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.
Quidax is one of Africa’s leading cryptocurrency exchanges that enables investors to buy and sell Bitcoin (BTC), Tether (USDT), Ether (ETH), and other cryptocurrencies using local currency.
The exchange opened its doors in 2018 and has become particularly popular among bitcoin traders in Nigeria due to launching with the naira (NGN) as its first supported fiat currency. More local fiat currencies will follow soon
Currently, the exchange enables investors to buy, sell, and hold BTC, USDT, ETH, TRX, LTC, DASH, and XRP. Moreover, the exchange also has an iOS and Android app.
Use the link below to get your Binance account which is free of charge.
To buy Cryptocurrency in Binance you can click the link below
P2P Buy/Sell https://p2p.binance.com/en?ref=36687617
Twitter
https://twitter.com/BinanceAfrica
Instagram
https://www.instagram.com/binanceafrica
Telegram
Nigerian Telegram community (https://t.me/binancenigeria)
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