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

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.

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

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

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).

For suggestions, corrections or additions, feel free to send a message reply to @KenyaCoin on Twitter.

Curated Bitcoin and other cryptocurrency news as it relates to Kenya.

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