What's the easiest way to buy Bitcoin in Africa in 2021?

If you are new to the bitcoin or cryptocurrency ecosystem, you should read our Bitcoin explained article and go through our list of things you need to have before you proceed with purchasing bitcoin.

For users who want to read our review of the best exchange options, you can skip this list and go to our review of the best exchange options below.

What Do I Need to Buy Bitcoin?

Bitcoin wallet: A bitcoin wallet is application software that allows you to store bitcoin. You will need a bitcoin wallet before you buy bitcoin since it is best practice for you to transfer your bitcoin from an exchange to your wallet.

You only have absolute control of your bitcoin if you have it in your wallet. To select a wallet, check out our review of the best bitcoin wallets. Further, the most secure wallets are hardware devices dedicated to storing bitcoin; you could get a Ledger Nano X or Trezor to store your coins.

Visit to zcash to paypal

Personal documents: Most jurisdictions require that exchanges collect personal data of individuals who want to purchase bitcoin. This means that to buy bitcoin in Africa, you will need a national identification card.

This will be required to complete the Know-Your-Customer (KYC) and Anti-Money Laundry (AML) procedures of various exchanges.

Bank Account, debit/credit card, or Mobile Money: You will also need to deposit funds to purchase bitcoin. Most African bitcoin exchanges accept bank account transfers or payments through mobile money and debit/credit cards.

You are required to have at least one of these accounts before you purchase bitcoin,

Bitcoin Exchange: Several bitcoin exchanges allow you to buy bitcoin in Africa. The best bitcoin exchange may differ depending on your location, payment method, and technical know-how. The rest of the article provides a list of the best trading platforms for buying bitcoin.

Here is a quick review of the top 6 ways to buy bitcoin in Africa:

Luno

Luno is a popular trading platform that is currently available in 4 African countries, including South Africa, Nigeria, Uganda, and Zambia. Luno runs a cryptocurrency exchange, brokerage platform, and wallet making it easier for new users to buy bitcoin in Africa.

The exchange platform is South African owned with offices in 5 countries, including South Africa and Nigeria. Luno also made the list of the top 20 bitcoin exchanges curated by CryptoCompare.

Paxful

Paxful is a peer-to-peer bitcoin exchange that is very popular on the African continent. As of October 2019, Paxful is now 3 million wallets strong, with over 50,000 trades every day globally.

The platform’s exponential growth has been a result of massive patronage from the continent. Paxful recorded over a 64 percent increase in trade volume from Africa in 2019.

Remitano

Remitano is another peer-to-peer cryptocurrency marketplace. The platform allows you to buy bitcoin in Africa by finding people around you who want to sell.

The platform is owned by Babylon Solutions Limited incorporated in Seychelles. Remitano is available in Ghana, Nigeria, Kenya, South Africa, Namibia, Zimbabwe, Cote de Voire, Uganda, and Tanzania.

LocalBitcoins

LocalBitcoins is a leader in peer-to-peer bitcoin trades. The platform claims to be available in all African countries, making it the platform with the most coverage on this list.

You can buy bitcoin on the platform using over 50 payment methods, including bank transfers, mobile money, and other online payment platforms, depending on your jurisdiction.

Belfrics

Belfrics is regulated by the Labuan Financial Services Authority, Malaysia. The platform allows you to buy bitcoin in 12 countries, including Nigeria, Kenya, and Tanzania.

It is a multi-feature trading platform for digital assets & cryptocurrencies, including bitcoin (BTC), ethereum (ETH), ripple (XRP), litecoin (LTC), bitcoin cash (BCH), and belrium (BEL).

Bitcoin ATMs

Bitcoin ATMs work just like standard ATMs. They allow you to buy bitcoin in Africa quickly and anonymously. Bitcoin ATMs usually don’t require ID verification, which provides an option for individuals who may not be able to provide their personal information.