In this guide, you will discover the best bitcoin exchanges for Africans to buy bitcoin, and other cryptocurrencies, using local currency in Coindirect is a new cryptocurrency trading platform that is currently available in 24 countries including Kenya, Nigeria, and South Africa. In addition, the peer-to-peer exchange offers Escrow-protected transactions with transparent fees.
LocalBitcoins is the most popular peer-to-peer bitcoin exchange in the world. It allows users to securely buy and sell BTC. 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.
Traders with a high feedback score and level of trust are likely to conduct more trades on the platform. On the platform, users can buy bitcoin, ethereum, litecoin, and ripple. Also, Luno offers a learning portal where users can learn about cryptocurrencies. The cryptocurrency exchange allows users to make payments in their local currencies.
Note that payment methods could differ from country to country. 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 Paxful marketplace has 1. The exchange opened its doors in 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. Moreover, the exchange also has an iOS and Android app. The platform is available in Nigeria, Kenya, and South Africa, among other countries. Remitano has an easy-to-use interface, which makes buying and selling BTC on the platform fast and simple. Supported payment methods include bank transfers and mobile money transactions such as M-Pesa in Kenya.
Connect with us. Coindirect Coindirect is a new cryptocurrency trading platform that is currently available in 24 countries including Kenya, Nigeria, and South Africa. How to buy bitcoin on Coindirect: Open coindirect. Create an account by signing up for free. You will also need to fill out your personal details. For cash withdrawals, add a bank account. You will also need to add a payment method for peer-to-peer payments.
Click on wallets to buy or receive BTC. There is also the fact that cryptocurrency can be used by criminals to funnel funds. Countries such as Bangladesh, Ecuador and Kyrgyzstan believe the risks outweigh the gains and have banned Bitcoin as well as initial coin offerings or ICOs, which are used by start-ups to evade the demand for capital by banks and other financing institutions. Those guidelines could be a slippery slope to regulation. Also, poor power supply in many countries continues to impede the internet access on which cryptocurrency largely depends.
Despite some analysts likening Bitcoin and other cryptocurrencies to a Ponzi scheme, many Africans are taking the risk to invest in them. Other experts, such as Mr. Darko, believe Africa should warmly embrace the innovation. Skip to main content. Get the free mobile apps Get the latest news from us on our apps. Welcome to the United Nations. Toggle navigation Language:. Africa Renewal. Africa could be the next frontier for cryptocurrency Get monthly e-newsletter. Africa could be the next frontier for cryptocurrency.
Experts say conditions on the continent are great for virtual currency. From Africa Renewal:. April - July Pavithra Rao. Bitcoin spreads That African governments are not now regulating cryptocurrency may be a factor spurring its growth on the continent; however, there is no guarantee that governments will not change their current mindset. Also in this issue. Cover Story.
African youth demand a seat at the table. By Busani Bafana. Africa Watch. By Africa Renewal. Youth Leadership. The hashtag revolution gaining ground. By Eleni Mourdoukoutas. Nurturing young leaders. By Franck Kuwonu. Youth can be agents of positive change. By Zipporah Musau. Youth Profile. Raphael Obonyo: From poverty to the pinnacles of power. By Raphael Obonyo. By Gayane Alikhanyan. Gwendolyn Myers: A peace advocate.
The Binance DEX is a decentralized platform where users can not only buy and sell binance coins but also use BNB to convert other cryptocurrencies from one to another. This has made the Binance DEX the biggest cryptocurrency exchange on the planet by volume and has helped fuel the popularity of the digital asset. Most importantly, the Binance DEX offers a discount to users who pay transaction fees on the exchange with BNB -- a smart strategy that keeps users on the platform and helps sustain Binance Coin's growth.
The past year brought extreme upheaval within the entertainment industry, leaving it ripe for disruption. This is exactly the sort of opportunity the founders of Tron must have been hoping for when they built a decentralized, blockchain-based platform for sharing content. Whereas many of the biggest entertainment companies in the world profit from gathering and selling data about their users, using Tron leaves no such footprints behind. While it protects users, Tron also allows creators to monetize their content directly via Tronix, Tron's form of cryptocurrency.
The platform has gained fame and notoriety in equal measure over the last few years due to the antics of Tron Foundation founder Justin Sun, but no matter how you feel about him, it's undeniable that Tron is an ambitious idea -- and while it isn't going to overthrow Netflix ticker: NFLX tomorrow, it is an excellent speculative investment.
The Ethereum platform is predicated on smart contracts, or agreements between two parties on a blockchain network with the transaction recorded in blocks of data. The problem is that these transactions can only occur on a platform like Ethereum, and they need some way to draw real-world data into the platform in order to execute smart contracts when certain conditions are met. The solution is data providers called oracles, and while several crypto platforms have created ways for oracles to retrieve data for their network, Chainlink has come up with a reputation system that guarantees the data is accurate, ensuring the validity of smart contracts.
Once an oracle's data is verified, they are paid with Link, Chainlink's cryptocurrency of choice. This system builds confidence in the platform, and the growing popularity of decentralized finance, or DeFi, helps make Link a contender for the best cryptocurrency. Stephen Curry reacts to Philadelphia 76ers guard Seth Curry's historic stat line.
Trade talks seem to be heating up. Tom Brady jokingly devised a master plan to earn himself and his Bucs teammates a few extra bucks from Super Bowl 55, according his QB coach. Brady and Mahomes were mic'd up for their postgame chat. With five quarterbacks going in Round 1, it could be a wild ride early in the NFL draft.
Cowher paid tribute to his friend and mentor, Marty Schottenheimer, via a message on Twitter. Jeremy Maclin retired two years ago, but the former Eagles wideout hasn't been sitting around. By Adam Hermann. Tyrrell Hatton said Bryson DeChambeau would be "very brave" if he attempted to drive Bay Hill's par-5 sixth in competition. Alex Bowman and William Byron swept the front row Wednesday night in qualifying for the Daytona , giving Hendrick its 14th pole and sixth in the last seven years.
Rick Hendrick's engine-building wing has seven straight poles because it powers Ricky Stenhouse Jr. The 49ers could use some help with their defensive backs. Tom Brady reacted on Twitter to the viral of him getting off a boat at the Buccaneer's Super Bowl championship parade Wednesday. Mike Jones Jr. Washington's cheerleaders retained attorneys in August.
The new policy, which was first reported by the Athletic, makes Dallas the first team to forgo playing the anthem at home games. The Mavericks played their first ten regular-season home games without the anthem and without fans.
Fans were invited to a game for the first time on Monday, with the team allowing 1, vaccinated essential workers to attend games for free. NBA commissioner Adam Silver said in December that the rule would not be strictly enforced this season.
The rule was also not strictly enforced at the end of the season when a number of players chose to kneel during the anthem to show solidarity with the Black Lives Matter movement. Cuban has been outspoken in his support of the movement, saying in June that he would kneel with players during the anthem. Read full article. Africa's growing diaspora has also jumped on the cryptocurrency bandwagon to send remittances across borders more cheaply.
But there are some cryptocurrencies that allow [people to] practically send money back to Africa for free. One popular service is the remittance company BitPesa, based in Kenya's capital Nairobi. BitPesa uses Bitcoin as a medium for international money transfers. This avoids bank fees and also skips the cost of converting money into different currencies.
The very nature of cryptocurrency means prices are volatile to begin with. Virtual currencies remain unregulated in most African countries and their legal status is often unclear, meaning there is no safety net to compensate for loss of funds. Darko warns that anyone looking to trade in cryptocurrency should tread carefully and educate themselves before starting.
Crypto appears a bit complex for a lot of people, while in truth crypto is actually very simple if you take your time to understand it. Cryptocurrency marketers like Akyaw warns that people with little experience in new technologies are most at risk of falling victim to an increasing number of crypto-scams, or investing in the wrong markets.
Young Africans are often tech-savvy and looking to make money, making them more likely to venture into the world of cryptocurrency. Some African countries are scrambling to create new laws to prepare for a possible future where cryptocurrency is the norm. Read more: Afrofuturism: Between science fiction and reality in Africa.
Other cryptocurrency hotspots like South Africa and Kenya aren't far behind. South Africa's top financial regulators, including the South African Reserve Bank, released a policy paper in April with recommendations for the regulation of cryptocurrency. Meanwhile, Kenya is set to experiment with a digital tax from January , possibly opening the door to more crypto regulation. While it's still too early to say how widely adopted cryptocurrency will become in Africa, cryptocurrency marketer Akyaw believes it's something young Africans should consider looking into.
Gas stations in Zimbabwe's capital Harare have run out of fuel amid a mounting economic crisis and people are stocking up on food. President Robert Mugabe blames social media as Privilege Musvanhiri reports. Got an opinion about the stories making headlines? International SMS charges apply.
Please make sure to include your name and your country. We will sample your texts in our show. More info OK. Wrong language? Change it here DW. COM has chosen English as your language setting. COM in 30 languages. Deutsche Welle. Audiotrainer Deutschtrainer Die Bienenretter. Africa Africa's quiet cryptocurrency revolution Cryptocurrency transactions in Africa are growing rapidly.
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|Tsv bettingen spielplan hamburg||These higher percentages are attributed to inefficient and uncompetitive banking markets — and are reliant on legacy financial communications systems such as SWIFT. President Robert Mugabe blames social media as Privilege Musvanhiri reports. Considering that a large number of Africans still use Facebook in Africa, the announcement of Libra has helped the concept of cryptocurrencies gain popularity in Africa. Once completed, you will receive your BTC in your wallet on Paxful. This has made the Binance DEX the biggest cryptocurrency exchange on the planet by volume and has helped fuel the popularity of the digital asset. Would love your thoughts, please comment.|
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