- There are many crypto exchange platforms in Africa, but which one is the best for you?
- Additionally, each crypto exchange platform has its advantages and disadvantages
- Coindirect is a peer-to-peer cryptocurrency exchange for emerging markets in Africa
There are many crypto exchange platforms in Africa, but which one is the best for you? To find the best one, consider the following questions. First, what is your trading style? Do you like to focus on one or two major coins? You may even want to choose a platform that offers a range of currencies.
After all, there are many advantages and disadvantages to each type of crypto exchange. In this article, we’ll explain what you should look for in a platform and what makes it stand out from the rest.
Coindirect
Founded in 2014, Coindirect is a peer-to-peer cryptocurrency exchange for emerging markets in Africa. Located in South Africa, it allows users to trade over 40 cryptocurrencies. Its South African arbitrage exchange allows users to profit from the price differences of various cryptocurrencies around the globe.
Moreover, Coindirect can also help you buy bitcoin from the USA and sell it in Asia. This way, you can maximize your profits from transferring cryptocurrencies across borders.
Also Read: Understanding Web 3.0 in Africa
Luno
Luno is a South African crypto exchange platform that helps its users trade cryptocurrency within a short amount of time. There is a 2% fee for trading with fiat currency, but this can be increased depending on the country you choose. Moreover, the platform places transaction limits on the total amount that can be traded. In Nigeria, for example, the transaction limit is 300 Naira and 3.6 million Naira for transactions with the instant trade functionality. top crypto exchanges for Africa
Cryptolocally
It offers a decentralized trading platform with over 50 payment methods, including local currency and popular digital currency such as Bitcoin. The company’s mission is to create a financial platform for everyone and is focused on delivering on the original mission of cryptocurrencies.
Founded in South Africa, Cryptolocally aims to bring the crypto community together to share information and experience the benefits of decentralization. In fact, the company recently acquired the Finance Bridge Academy and incorporated it into its platform. cryptocurrency exchanges Africa
Bitfxt
As the fastest-growing tech company in Africa, Bitfxt is a global exchange for cryptocurrencies. It is known for its low fees, fast withdrawals, and zero deposit fees. Additionally, Bitfxt also boasts of a rewarding affiliate program and solid international partnerships. You can even open an account for free to get started in the world of crypto. To learn more, read our Bitfxt review.
Related: Peer-to-peer Bitcoin trading.
eToroX
eToroX is among the best bets in ensuring success in crypto trading. They accept both fiat currency and cryptocurrencies and offer a variety of deposit methods, including SEPA bank transfers, SIGNET, and Simplex. A wallet is available to buy and forward cryptocurrencies.
Depositing money to an eToro account is easy. Users simply need to log in with their eToro credentials and deposit a coin using the eToro system. There is no minimum or maximum amount to deposit.
Quidax
As the first African-owned crypto exchange to be listed on CoinMarketCap, Quidax has the potential to make a big impact on the continent. The platform provides users with a convenient, secure, and transparent environment to buy, sell, and store cryptocurrencies. Users can also buy and sell crypto assets using their local currency, the Nigerian naira.
Interestingly, Quidax’s mission is to challenge the status quo in Africa’s financial landscape and remove the barriers to economic development.
In the short time, the exchange has been open for business, the company has managed to achieve over $3 billion in transaction volume in less than three years.
Easy Crypto
Easy Crypto is an unheralded South African crypto exchange. However, its influence is quickly growing. It supports many different digital currencies and allows traders to trade across trading pairs.
Traders can deposit their funds in local South African Rand (ZAR), or choose to send them to their hardware wallet. Depending on your preference, you can even use recurring order features to make automated deposits. Once you have made a deposit, Easy Crypto will send the asset to your wallet address.
In conclusion, all crypto trading sites have a click and traders will find out what works best of them by trying out a few of the above sites. After all, practice makes perfect.
