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Top 10 Exchanges for Buying and Selling Crypto in Africa

By TheNiftyRevolution | CrypticPedia | 18 Aug 2022


Photo by Den Harrson on Unsplash

 

 

Cryptocurrency exchanges in Africa are online platforms that act as intermediaries between buyers and sellers of digital assets. Many people think that cryptocurrencies are the way that money will operate in the future since they provide a mechanism to carry out transactions in an anonymous manner. Here are the top 10 exchanges for buying and selling Crypto in Africa.

 

  1. Gate.io

THE WHAT?

  • With over 1400 digital currencies, it is the largest global cryptocurrency exchange
  • It is considered one of the safest and most dependable worldwide cryptocurrency platforms, with over 10 million registered users
  • It is constantly listed among the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko
  • Beyond its centralized cryptocurrency exchange, Gate.io has one of the largest collections of crypto assets as well as additional services

 

2. Coinbase

THE WHAT?

  • One of the world’s most reputable and liquid cryptocurrency spot exchanges is Coinbase
  • Utilizing a dynamic fee structure for high-volume trading, obtaining the low cost of execution
  • It is simple to use APIs in Coinbase
  • To gain direct access to order placement and real-time market data, use their FIX/REST APIs and WebSocket feeds
  • PayPal, bank transfers, credit and debit cards, and other payment methods are all supported by Coinbase

 

3. Luno

THE WHAT?

  • XRP, Litecoin, Ethereum, and other digital currencies can all be traded on the well-known cryptocurrency exchange Luno in Africa
  • The exchange’s head office is in London, and it was established in 2013
  • Additionally, Luno has offices in Kenya, Ghana, Nigeria, and South Africa
  • Due to its user-friendly platform and mobile app, Luno has amassed a sizable user base in Africa

 

4. VALR

THE WHAT?

  • In its capacity as a cryptocurrency exchange, VALR links buyers and sellers of cryptocurrencies
  • The cryptocurrency exchange VALR, offers a market where buyers of cryptocurrencies can trade orders with sellers of cryptocurrencies
  • VALR is not a bank, a broker, an investment fund or advisor, or a shop
  • Be aware that VALR only offers a platform that you can use to trade on your own behalf; they are unable to ever facilitate trades on your behalf

 

5. NairaEx

THE WHAT?

  • With NairaEx you can create buy and sell orders for Perfect Money, Bitcoin, and Naira at any time with ease and speed
  • The funding and withdrawals into any Nigerian bank on the same day, the rate includes all fees
  • When sending money, expediency is crucial
  • Within a few hours, you can expect to send your money in NairaEx
  • Although the price of bitcoin fluctuates constantly, at NairaEx, the exchange rate is predetermined at the time of the transaction

 

6. Pionex

THE WHAT?

  • The top cryptocurrency exchange in the world with free trading bots
  • Pionex offers 16 trading bots, such as the Grid Trading Bot, that let you trade digital currencies like Bitcoin, Ethereum, Dogecoin, and others in a secure and automated manner
  • You can use 12 different trading bots for no extra charge
  • These bots allow you to automate your investing approach so that you don’t have to keep an eye on the market all of the time
  • Pionex offers reduced trading commissions as well as a fully functional mobile app

 

7. Nexo

THE WHAT?

  • You can receive daily payments of up to 18 % interest on your digital assets when you invest in Nexo’s high-yield Earn on Crypto suite
  • Grow your cryptocurrency wealth safely and at your own pace
  • Make seamless exchanges with no price fluctuations between 300+ market pairs
  • After transferring assets to your Nexo account, you can borrow money right away thanks to Instant Crypto Credit Lines from Nexo
  • Rates begin at 0% APR with no credit checks and small minimum payments
  • Their industry-recognized custodians and the top compliance authorities guarantee the security of the assets held in your Nexo account for up to $775M

 

8.1inch

THE WHAT?

  • 1inch Exchange is a radical new decentralized exchange platform that’s actually two things in one:
    -Decentralized exchange platform
    -Decentralized exchange aggregator
  • The DEX platform side of 1inch refers to how you can easily buy and sell cryptocurrencies on the exchange using a format similar to Uniswap
  • It’s the DEX aggregator component that sets 1inch Exchange apart from its rivals
  • 1inch works by aggregating the liquidity across popular DEXes like Uniswap, Sushi, Balancer, Bancor, and others
  • When it comes time to complete the trade, 1inch splits your order and spreads it across several exchanges and at last, you experience the trade as a single transaction on the user end

 

9. Binance

THE WHAT?

  • Binance is a cryptocurrency exchange that allows users to trade digital currencies online
  • It accepts the majority of the most widely traded cryptocurrencies
  • Traders can save their electronic funds in Binance’s crypto wallet
  • Users can earn interest or deal with cryptocurrency using the exchange’s support services

 

10. LocalBitcoins

THE WHAT?

  • People from various nations can exchange their local money for bitcoins at LocalBitcoins
  • Users can create advertisements on LocalBitcoins with their choice of payment method and exchange rate for buying and selling bitcoins to and from other users
  • Responding to these advertisements initiates a trade chat and turns on escrow protection
  • By keeping the bitcoins secure until the payment has been made and the seller releases the bitcoins to the buyer, escrow serves to protect both the buyer and the seller
  • LocalBitcoins offers a web wallet through which you can send and receive Bitcoin payments

 

11. Paxful

THE WHAT?

  • Biometric data is provided by users as part of the verification process, which increases transaction security
  • Paxful charges fixed costs for a variety of tasks, but buying cryptocurrency is always free
  • Sellers must pay a fee ranging from 0.5 % to 5%, depending on the currency

   

REFERENCE:

  1. https://nasonga.com/cryptocurrency-exchanges/
  2. https://sourceforge.net/software/cryptocurrency-exchanges/africa/

 

DISCLOSURE:

None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.

Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, “Change is the only constant,” so if anything sounds old or off, please holler on the socials or comment here so everyone stays peeled.

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TheNiftyRevolution
TheNiftyRevolution

Hi, I'm Mo and I'm an entrepreneur passionate about crypto, NFTs, and the blockchain. This publication aims to educate the masses on adopting Web 3.0 early before it's too late :) I'm here to write, if it takes off, thanks a lot fam, if not thanks still


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