3 Best Bitcoin Exchanges for African Customers
Bitcoin is the first kind of money which has benefits of both electronic as well as physical money. It was the first illustration of cryptocurrencies, No single institution controls the bitcoin network. This means bitcoin is robust and it’s truly global.
A small number of new bitcoins percolate out every hour and will persistently reach a rate of 21 million. This makes bitcoin rare and precious. 1 BTC is further divided into 100,000,000 SATOSHI, enough for the circulation of bitcoins. It enables micro transactions that traditional electronic money cannot. However, bitcoin transactions cannot be reversed, unlike electronic fiat transactions.
In 2017, Bitcoin exploded in African countries. Africans see Bitcoin as a safe refuge from state arbitrariness and possible expropriation. Mostly supported in Zimbabwe, Kenya, and Sudan, the interest in Bitcoin increased with the political anxieties.
Want to learn how to trade Bitcoins, but no idea where to start? A Bitcoin wallet is quite a necessity to store your digital currency. Above than this, if you can earn handsome profits from your digital wallets then this is a great bonus.
Where to find Bitcoins?
Let’s see further advancement in the field of digital payments. If you’re talking about inventions then today’s world requires to carry out fast transactions. This is where Bitcoin comes in handy. You need to figure out the best bitcoin exchanges, https://learnbonds.com/best-bitcoin-exchanges, to ensure reliable bitcoin trading.
You can find bitcoins from any of these sections.
- Cryptocurrency exchange, fiat money for bitcoins, or satoshis.
- Bitcoin ATM where you can change bitcoins or cash for another cryptocurrency.
- Online services where you can find a seller who will help you trade bitcoins i.e. convert PayPal to bitcoin online.
- Bitcoin apps where you could sell a product or service for bitcoins.
This is just an overview of trading bitcoins. Below you can find 3 Best Bitcoin Exchanges for African Customers:
Coinbase – Buy & Sell Bitcoin, Crypto Wallet
The largest cryptocurrency exchange, it supports customers in 55 countries worldwide. Coinbase allows you to trade cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and so on with user-friendly app and web platform.
The genuine installment of cryptocurrencies into your Coinbase account is free. Coinbase then charges a 1.50% fee per trade. Get all time updates and features that help you build your knowledge, portfolio, and buys and price alarms. Keep track of your cryptocurrency, their dashboard features allow you to see prices and the value of your assets.
PROS
- Highly liquidity and buying limits.
- Easy for newbies to buy bitcoin.
- Instant buy is accessible with a credit card.
CONS
- Limited payment methods
- Track users’ sale attempts.
- Time-consuming
Binance – Bitcoin Trading & Crypto Margin Trading
Binance provides a variety of crypto wallet. All major crypto like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripples, Litecoin, Basic Attention Token, 0x, Zcash, and many other altcoins.
It also supports many languages for the feasibility of users. Furthermore, it applies very low fees of 0.05% per trade. News from CoinDesk, Telegraph adds in your news feed. Track the latest Bitcoin trends before you invest in Bitcoin and other altcoins.
| PROS | CONS |
|
Buggy platform.
Slow customer support. No support for fiat. |
BitMEX: Transaction Mining and Margin Trading
BitMAX is primarily a trading exchange for Bitcoin and altcoins. 60 altcoins can be traded against BTC, ETH or USDT. Besides this platform offers margin trading with up to 10-fold leverage, depending on the respective trading pair.
Transaction Mining, as they call it, is a unique and clever strategy to get traders to trade on BitMAX. Regular traders enjoy a growing BTMX wallet, they occasionally get additional benefits such as more coin gifts in the form of AIRDROPS. Synchronize currency pairs set with the exchange server. Bet notified about all purchases.
