Bitcoin Exchange Methods In Africa
Africa is a continent with 54 independent countries. Each country has their own political and regulatory environment and thus exchange methods available will vary from country to country.
[Updated: 12 Apr, 2021]
Angola
- YetuBit and YetuSwap [Coming Soon]
- Most BTC/AOA volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups.
Botswana
- Most BTC/BWP volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Orange Money, PayPal, Mukuru (remittance transfers), and domestic bank transfers.
Cameroon
- Bitsika (buy BTC with XAF (Central African CFA Franc) using mobile money or debit card)
- Significant BTC/XAF volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include MTN Mobile Money, PayPal, and domestic bank transfers.
Democratic Republic of the Congo (Kinshasa)
- Most BTC/CDF volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Airtel Money, Mukuru (remittance transfers), and domestic bank transfers.
Eswatini
- Most BTC/SZL volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include PayPal, Mukuru (remittance transfers), and domestic bank transfers.
Ghana
- Bitsika (buy BTC with GHS mobile money or debit card)
- Binance (buy BTC with GHS using debit card, mobile money, or Binance Cash Balance)
- KBX Wallet app (iOS, and Android) (supports stablecoins: NGNX naira Tether, GHCX cedis Tether, KBC Kubitcoin, and more)
- Significant BTC/GHS volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include MTN Mobile Money, Chipper Cash, PayPal, and domestic bank transfers.
Kenya
- Binance (buy BTC with KES using debit card, mobile money, or Binance Cash Balance)
- Naijacrypto (fund KES wallet using m-Pesa or bank transfer. Withdrawal is bank transfer only)
- Bitzuri
- BitAprica [Coming Soon — Sign up to receive notification when launched]
- bitLipa [App Offline since December, 2020. Use Telegram to coordinate withdrawals]
- Akoin / BitMinutes / Trusted Agent Network (TAN) [TAN agents will convert between cash and bitcoin]
- BitPesa (HQ is here, but they do not serve customers in Kenya)
- Most BTC/KES volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include m-Pesa, Airtel Money, Chipper Cash, Eversend, Mukuru (remittance transfers), and Domestic Bank transfers.
Lesotho
- Most BTC/LSL volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include PayPal, Mukuru (remittance transfers), and domestic bank transfers.
Malawi
- Most BTC/MWK volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Airtel Money, PayPal, Mukuru (remittance transfers), and domestic bank transfers.
Morocco
- Binance (buy BTC with MAD using , or Simplex (Third Party Payment Network))
Mozambique
- Most BTC/MZN volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include PayPal, Mukuru (remittance transfers), and domestic bank transfers.
Namibia
- Bitcoin Namibia
- Significant BTC/NAD volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include PayPal, and domestic bank transfers
Also see: South Africa exchanges, such as AltcoinTrader. You can use your Namibian bank to send NAD funds to the exchange’s ZAR account at their South African bank, and vice-versa.
Nigeria
Note — No updates to the list have been made just yet since the Feb 2021 “ban” by the Central Bank of Nigeria (CBN), and subsequent reocation of the ban. Some exchange methods in this list have changed as a result.
- SendCash Africa
- BuyCoins Africa
- Bitsika (buy BTC with NGN bank transfer or debit card)
- Luno
- Bundle
- Yellow Card
- NairaEx exchange
- GimiBits exchange
- Bigeria
- Naijacrypto
- BlockStale (bitcoin ATMs)
- BitStop (ATMs)
- Binance (buy BTC with NGN using NGN debit card, bank transfer, Binance Cash Balance, or Simplex (Third Party Payment Network). Sell BTC for NGN and withdraw via bank transfer or do a Cash Transfer to anyone’s e-mail or mobile phone number.)
- BitPesa exchange / money transfer
- Load.ng
- Roqqu
- Akoin / BitMinutes — ya, … not bitcoin, but something to be aware of
- WalletsAfrica wallet (?)
- KBX Wallet app (iOS, and Android) (supports stablecoins: NGNX naira Tether, GHCX cedis Tether, KBC Kubitcoin, and more)
- NGNT (NGN stablecoin from BuyCoins, ERC-20 token)
- NGNT (NGN stablecoin from Cowrie / Luna, on Stellar) (same symbol different coin)
- ABCD (NGN stablecoin from Bitsika of Ghana, on Binance blockchain)
- Significant BTC/NGN volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Chipper Cash, EverSend, PayPal, prepaid gift cards, and domestic bank transfers.
Rwanda
- Most BTC/RWF volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include MTN Mobile Money, Airtel-Tigo Money, Eversend, and domestic bank transfers.
South Africa
- Luno
- Valr
- OVEX
- AltcoinTrader
- ChainEX
- Binance (buy BTC with ZAR using debit card, Binance Cash Balance, or Simplex (Third Party Payment Network)) [Binance has closed their BTC/ZAR markets though]
- Bitdirect
- Hatchlet
- ArtisTurba
- Significant BTC/ZAR volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Chipper Cash, PayPal, Mukuru (remittance transfers), and domestic bank transfers.
See:
As well as:
- DZAR (ZAR stablecoin from Digital Rand)
- eZar (ZAR stablecoin on EOS?)
Also, check out ZimDAI:
Tanzania
- Most BTC/TZS volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include MTN Money, Airtel-Tigo Money, PayPal, Mukuru (remittance transfers), and domestic bank transfers.
Togo
- Bitsika (buy BTC with XOF (West African CFA Franc) using mobile money or debit card)
Uganda
- Binance (buy BTC with UGX debit card. Sell BTC for UGX and withdraw via bank transfer or mobile money.)
- Luno
- Most BTC/UGX volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Airtel Money, MTN Money, Chipper Cash, Eversend, PayPal, and domestic bank transfers.
Zambia
- Luno
- Most BTC/ZMW volume happens person-to-person (P2P), … Paxful, LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Airtel Money, MTN Money (MoMo), and domestic bank transfers.
Zimbabwe
- Most BTC/ZWL trading volume happens person-to-person (P2P), … LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Mukuru (remittance transfers), and domestic bank transfers. In Zimbabwe, some payments methods are USD, instead of the national fiat (ZWL$).
Also
There are also these other bitcoin-related entities:
- ChipperCash (Like an African Cash App. Based in U.S., operates, currently, in seven countries in Africa.), frequently used for P2P trading of bitcoin
- EverSendApp (Also kind of like an African Cash App, operates in a different set of countries in Africa), occasionally used for P2P trading of bitcoin
- Mobile money (With many operators, MTN, Airtel, Vodacom, M-Pesa, Tigo, etc, in many countries)
- BitLipa KES (A fiat wallet where funds can be sent to any other registered BitLipa user)
- Binance Cash Transfer (A fiat wallet where funds can be sent to anyone using their e-mail address or mobile phone number — NGN, GHS, KES, and ZAR)
- Zippie (Kenya & Zambia) mobile wallet with ERC-20 fiat-denominated token good for airtime)
Notice what’s missing? Exchanges in like 47 of the 54 countries. (e.g., Ethiopia, 100 million people, no easy method for trading bitcoin).
Contact
For suggestions, corrections or additions, feel free to send a message reply to @KenyaCoin on Twitter.
