The advancement of technology has pushed fintech to a new level, and cryptocurrency has taken Africa alone and the world by storm. Across Africa, many investors are willing to trade bitcoins online. However, as a new dealer, you may face challenges determining which cryptocurrency exchange platform works for you.
Suppose there is a strong need to buy and sell bitcoins or even convert your hard currency to bitcoins. In that case, you need to consider many factors, including withdrawal processes, security, supported currencies and pricing. To know more about the best cryptocurrency exchange for Africans, kindly read on.
Top Cryptocurrency Exchanges in Africa
As a bitcoin dealer in Africa, there are varieties of exchange options. Nevertheless, you need to avoid fake platforms that scam new and existing dealers. To trade effectively and get maximum satisfaction in your deals, here are the top cryptocurrency exchange platforms you can use to achieve your goals.
Yellow card is the safest place to deal with bitcoins online. It is a Nigerian crypto exchange platform that allows users to trade with their local currency using a third-party agent or online through bank transfer, debit or credit card, cash or mobile money.
Unlike other exchange platforms, Yellow card does not charge any fee for buying and selling cryptocurrencies and, asides, trading bitcoins, the platform offers wallet services. In addition, because of its African origin, it supports a couple of languages, including Hausa, Igbo, Zulu, Swahili, Yoruba, Somali and Xhosa.
Below are the following features of Yellow Card
1. Increased security
2. Swift transactions
3. Great user interface
4. Mobile app available
5. Merchant services
6. Multiple payment options
7. Referral program
You can register on the Yellow card exchange platform by visiting the website at web.yellowcard.io or downloading the app on your android or iPhone devices and filling in the required details to sign up and create an account to start dealing.
Founded in 2017, Binance is one of the top cryptocurrency exchange platforms in the world. The word “Binance” is a fusion of both “Bitcoin” and “Finance”. It offers high-quality security, especially when there is an average trading volume of $3.8 billion.
The exchange platform provides crypto-to-crypto deals in over 500 cryptocurrencies, and it even has its token known as Binance Coin (BNB). In addition to this, the Binance exchange platform has one of the lowest transfer fees for the pair-to-pair exchange.
Binance renders other services that include fundraising, listing and withdrawals of cryptocurrencies. It also guides new users on the platforms in making the best trading decisions. The platform is available on major devices, including Windows, Mac, Android, iPhone and iPad.
To use trade on Binance, you need to install the app and create an account by registering with your appropriate information. Then, when Binance verifies your account on the app, you can trade with ease.
This exchange platform is a pair-to-pair marketplace that was launched in 2019. Cryptolocally allows you to buy and sell bitcoins on a platform that gives you robust security and effective transactions. The following features of Cryptolocally include:
1. Great user interface
2. Instant transactions
3. Effective security
4. Automatic calculation of trader’s reputation
5. Multiple coins support
6. Multiple payment methods
7. Referral program
In addition to this, Cryptolocally renders services that cover buying, selling of bitcoins and order creations when you cannot find a proper order to deal with. Trading fees are also affordable depending on your status as a user. It also supports a variety of coins like Ethereum, BNB, BUSD, BEP-2, and many more.
What makes it even more special in Africa is that it is supported in every country and can operate without restrictions. People can trade with Cryptolocally anywhere in the world as long as the internet is available.
To sign up and create an account on Cryptolocally, log on to cryptolocally.com and register and fill in the necessary details to complete your profile and start trading on Cryptolocally.
Finally, as a crypto dealer, you must be able to analyse the features that the exchange platforms have to offer and choose what works best for you. Nevertheless, do not limit your research to what is available on this post. Instead, look out for positive reviews and get ready to make the right choices.