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
In Coinbase simple to use APIs
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
2) 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
3) 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
4. 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
5) 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
6) Nexo
THE WHAT?
You can receive daily payments of up to 18 percent 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
7)1inch
THE WHAT?
1inch Exchange is a radical new decentralized exchange platform that’s actually two things in one:
Decentralized exchange platform
Decentralized exchange aggregatorWhat’s the difference, you ask? 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
here Aggregating, in this case, means 1inch searches the pairs you’re trading across all available exchanges for the absolute best prices possible
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
8) 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
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
Additionally, LocalBitcoins offers a web wallet through which you can send and receive Bitcoin payments
10. 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 percent to 5%, depending on the currency
REFERENCE
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.
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