5 Best Bitcoin Exchanges for Africans

5 Best Bitcoin Exchanges for Africans

As an African, that’s interested in investing in cryptocurency it is important to know what options are available when it comes to selecting which cryptocurrency exchange to us. Here is a list of the top 7 cryptocurrency exchanges in Africa along with their features and the sign up process.

Quidax

First on our list is Quidax. It is an African focused cryptocurrency exchange that allows users to buy and sell crypto with fiat (your local currency example: Naira, Rand, Cedis or Kenyan shilling). The platform currently has moved that 8 trading pairs i.e crypto to crypto and your local currency to crypto.

The platform is easy to use for both learners about to dive into the world of crypto and the old boys (existing crypto traders).

Quidax has what you call an instant exchange and a full order book exchange. An instant exchange allows you to buy crypto quickly and at the prevailing market price. While an order book exchange is one that allows you to trade with other people by matching orders.

Features

  • Safety of Funds/security
  • 24 hours of Customer Support
  • Multiple trading pairs
  • Instant withdrawal to your local bank account
  • Fiat support (buy crypto with naira)
  • Fund Wallets with card or cash options
  • 2-factor authentication

Steps to buy Bitcoin on Quidax

  • Sign up
  • Verify email and identity
  • Deposit fiat to your fiat wallet on Quidax (i.e. naira/rand/cedis)
  • Buy the cryptocurrency you want. For beginners, we recommend using the instant exchange

Paxful

Paxful is a P2P (peer-to-peer, person to person) trading platform that allows you to trade just one cryptocurrency, Bitcoin. The platform enables users to buy, sell, spend, and accept bitcoin.

Buying and Selling on Paxful happens via chat and transactions are done using escrow. The platform is available in Nigeria, South Africa, Kenya and a couple of other African nations.

It provides several payment methods including bank transfer, Western Union, PayPal MoneyGram, amongst others.

Paxful Features

  • Multiple Deposits options
  • Escrow Service
  • Customer Support

Steps to buy Bitcoin on Paxful

  • Sign up for a free account and wallet on Paxful. You can also begin by clicking browse bitcoin offers before creating an account.
  • Confirm your email address and your phone number then enter the basic information required.
  • Improve your account’s security by adding two-factor authentication.
  • To buy bitcoin from the platform, enter your preferred amount and then select a currency and payment method. Once done, search for an offer and execute the trade using your preferred payment option.
  • Once completed, you will receive your BTC in your wallet on Paxful

Remitano

Remitano is another P2P Bitcoin exchange that provides an escrowed marketplace where people can buy and sell crypto but only Bitcoin.

Remitano features:

  • An easy-to-use interface
  • 24/7 customer support
  • Low transaction fees
  • Track buy and sell Bitcoin at the most reasonable buy and sell offer rate

Steps to buy Bitcoin on Remitano:

  • Register for a free account on by typing your email address and following the prompt.
  • Click on your profile to submit your phone number and to upload the required KYC documents.
  • Add two-factor authentication to make your account secure.
  • Once you are done, search for advertisements under the buy/sell BTC section.
  • Once the trade is completed, you will receive value in your Remitano wallet

Naira Ex

NairaEx is a Nigerian-based Bitcoin exchange where you can buy and sell bitcoin. The trading duration takes up to 4-hours

Features

  • Buy Bitcoin with Naira
  • Users can calculate the price to buy or sell Bitcoin using Naira (NGN)
  • Create Buy/sell Bitcoin orders
  • Withdrawal to a Nigerian bank account

Steps to buy Bitcoin on Remitano:

  • Create a free account
  • Verify your email
  • Click on the prompt to verify your account
  • Fill the requested information and send your government-issued (Driver’s license, Voters ID, National Identity Card or Passport) Email everything at hello@nairaex.com.

iCE3X

iCE3X (or iceCUBED exchange) is a South African cryptocurrency exchange that launched in December 2013.

The exchange is suited for the frequent trader, hence a newbie would likely experience a couple of hiccups in using it. It is also limited in scope due to its regional nature.

Features

  • Deposit is via bank transfer
  • Adequate Customer support
  • Mobile friendly design
  • Strong customer support

Steps to buy Bitcoin on iCE3X

  • Click here and fill out the form
  • Verify your email
  • Make a deposit
  • In 2 hours the team at Ice3x will enable trading for you
  • To withdraw funds from your iCE3X account you need to verify your ID  by submitting an ID document or passport, recent bank statement (showing your address, account number and branch code). Within 6 hours the team will approve for you to withdraw from your account.

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