The best African Cryptocurrency Exchanges in 2019

Best African cryptocurrency exchanges

2019 is the year to enter the cryptocurrency market if you haven’t already. As more institutions enter the scene (JPM coin, Facebook), it is beginning to look more realistic that cryptocurrencies are the future, hence why we have compiled this list of African cryptocurrency exchanges.

With these institutions entering the foray also comes everyday use cases for cryptocurrencies. From using cryptocurrency as a form of payment for goods/services to actually getting interest for holding crypto, we are gradually moving away from the cryptocurrency being used to just trade and invest.

These developments have led to more people exploring the use of cryptocurrency beyond personal purposes but for businesses, crypto can be used to make transactions faster and cheaper across countries and continents .

These African cryptocurrency exchanges are the ones you should consider using if you want to buy or sell cryptocurrency.

Quidax

Quidax is an African focused cryptocurrency exchange that allows users to buy and sell crypto with fiat (your local currency example: Naira, Rand, Cedis or Kenyan shilling). The platform currently has more that 8 trading pairs i.e crypto to crypto and your local currency to crypto.

The platform is easy to use for learners about to dive into the world of cryptocurrency and the old boys (existing cryptocurrency traders).

Quidax has an instant buy and sell feature and an order book exchange. The instant buy and sell feature allows users to buy crypto quickly and at the prevailing market price. While an order book exchange is one that allows you to set the price and you want to buy or sell your cryptocurrency asset.

Paxful

Paxful is a P2P (peer-to-peer, person to person) trading platform that allows you to trade just one cryptocurrency, Bitcoin. The platform enables users to buy, sell, spend, and accept bitcoin.

Buying and Selling on Paxful happens via chat and transactions are done using escrow. The platform is available in Nigeria, South Africa, Kenya and a couple of other African nations.

It provides several payment methods including bank transfer, Western Union, PayPal MoneyGram, amongst others.

Remitano

Remitano is another P2P Bitcoin exchange that provides an escrowed marketplace where people can buy and sell crypto but only Bitcoin.

Remitano features:

  • An easy-to-use interface
  • 24/7 customer support
  • Low transaction fees
  • Track buy and sell Bitcoin at the most reasonable buy and sell offer rate

Naira Ex

NairaEx is a Nigerian-based Bitcoin exchange where you can buy and sell bitcoin. The trading duration takes up to 4-hours

Features

  • Buy Bitcoin with Naira
  • Users can calculate the price to buy or sell Bitcoin using Naira (NGN)
  • Create Buy/sell Bitcoin orders
  • Withdrawal to a Nigerian bank account

iCE3X

iCE3X (or iceCUBED exchange) is a South African cryptocurrency exchange that launched in December 2013.

The exchange is suited for the frequent trader, hence a newbie would likely experience a couple of hiccups in using it. It is also limited in scope due to its regional nature.

Features

  • Deposit is via bank transfer
  • Adequate Customer support
  • Mobile friendly design
  • Strong customer support

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