Many individuals have heard of cryptocurrencies but they don't know how to get one, well, In this article i am going to explain in details what cryptocurrencies are, how to buy and sell them and give reviews on the most trusted site to buy and sell Cryptocurrencies mainly Bitcoin Cash in Africa.
Basic Things you Should know About Bitcoin Cash.
Bitcoin Cash is simply a virtual peer -peer mode of payment. It is a fork of Bitcoin. Cryptocurrencies were first introduced by satoshi Nakamoto. You can check out the history about cryptocurrencies here if you are new to Crypto.
https://en.m.wikipedia.org/wiki/Cryptocurrency
Bitcoin Cash is a cryptocurrency,currently at a price of 252.77$ . Bitcoin Cash is much convenient than Bitcoin because it's transaction fees are very less as compared to Bitcoins .
How Can I Get Bitcoin Cash?
The most common legit ways of earning Bitcoin Cash is by;
●Buying.
●Get paid in Bitcoin Cash.
●Trading.
●Faucets.
https://read.cash/@Liteliger/top-5-bitcoin-cash-faucets-ced3e1b3
You can read about the top 5 Bitcoin Cash Faucets in the link provided.
What Do you Need To Buy Bitcoin Cash?
Bitcoin Cash Wallet: A crypto wallet is an application software that allows individuals to keep their cryptocurrencies,send or recieve cryptocurrencies in their own will. Therefore you will will need a Bitcoin Cash wallet to buy Bitcoin Cash since Without it,there is no particular address to send your Bitcoin Cash to. And even you will be asked a Bitcoin Cash wallet Address Before you Complete a Purchase.
A Quick Review On The Top Three (3) Trusted Platforms To Buy Bitcoin Cash In Africa.
The top
five (5) Platforms to buy Bitcoin Cash in Africa are;
●LUNO
●REMITANO
●BELFRICS
Luno
Luno is a popular exchange platform which allows it's users to buy and sell Bitcoin Cash at ease. This platform also features other Cryptocurrencies like Bitcoin(BTC),Ethereum (ETH) .
Luno is currently working in four(4) African Countries which includes ; South Africa, Uganda, Nigeria and Zambia . Luno features an exchange platform ,brokage platform and also an inbuilt wallet to allows it's users to store cryptocurrencies safely. This makes it easier to buy and sell Bitcoin Cash efficiently.
Due to Luno's amasing fearures, it is now part of the top 20 Bitcoin exchanges curated by Cryptocompare.(https://www.cryptocompare.com/exchanges/#/overview)
How Can I Buy Bitcoin Cash On Luno?
There are many payment options in Luno which includes Cash deposit, Bank transfer and credit/debit cards.
Follow the steps below to buy Bitcoin Cash on Luno .
1. Create an account/ sign up at Luno.(https://www.luno.com/en/signup)
2. Verify your ID (identity) with your ID card, phone number and house address.
3. Make a deposit via credit card/ bank transfer.
4. Buy your Bitcoin Cash via brokage platforms or you can place an order on the exchange platform.
5. After order is successful, you will recieve your Bitcoin Cash into your inbuilt wallet or you can choose to transfer to other wallet of your choice.
Remitano
Remitano is a peer-to-peer cryptocurrency marketplace. The platform allows you to buy Bitcoin Cash and other cryptocurrencies by making available traders in your locality who wants to either buy or sell Bitcoin Cash, Bitcoin, and many other cryptocurrencies.
Remitano is owned by Babylon Solution Limited in Seychelles. Remitano is accessible in Ghana, Kenya, Namibia, South Africa, Zimbabwe, Cote de Voire, Tanzania and Uganda.
How Does It work?
Remitano basically links Cryptocurrency buyers and sellers around your locality to enable them undertake trading activities among themselves. You do not buy Bitcoin Cash from the company but rather traders around you who want exactly oppostie of what you want. For instance, if you want to buy Bitcoin Cash, Remitano connects you to someone who wants to sell Bitcoin Cash. In otherwords,Remitano serves as a mediator.
How to buy Bitcoin Cash On Remitano?
Step 1: Register or sign up on reminato.com (https://remitano.com/bch/gh) or you can also use the app version.
Step 2:Verify your account with your phone number and email. Provide your national ID to complete KYC requirement.
Step 3: Swipe through the various orders to Buy Bitcoin Cash and Select one that suits you. Place your own order if the provided orders at that moment does not suite you.
Step 4: Complete payment through mobile money transactions, bank transfer and many other modes of payment.
Step 5: You will recieve your Bitcoin Cash to your inbuilt wallets address after the trade is completely successful.
NB: I intentionally made mention of Remitano as many as i can. Check the spelling, it is Remitano and not Reminato.
Belfrics
Belfrics allows you to buy Bitcoin Cash, Bitcoin and other cryptocurrencies in twelve (12) countries including Nigeria,Kenya and Tanzania.
Belfrics is regulated by the Labuan Financial Services Authority in Malaysia.
It is a multi-cryptocurrency and digital asset trading platform which features many Cryptocurrencies like; Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple(XRP), Litecoin(LTC) and Belrium(BEL).
You can deposit funds into your Belfrics account through Bank transfer and Credit/Debit Cards. The most amazing part of belfrics is that they charge you only 0.50 percent fee of every complete transaction.
How Can I Buy Bitcoin Cash On BelFrics?
Step 1: Sign up at belfrics.com. (https://belfrics.io/#/signin)
Step 2: Use your national ID to complete you KYC requirement.
Step 3: Fund your account via Bank or Credit card transfer.
Step 4: Place your order on the exchange platform.
Step 5: Once order is completely successful, you will get your Bitcoin Cash in your wallet.
Let me know if this was helpful.
Thank you for reading.
Cryptoboygh ( addoeric745@gmail.com)
Very well written post! Keep doing what you are doing, waiting for new blogs :)