There are several exchanges in the crypto community that offer users the opportunity to trade bitcoin in exchange for fiat or altcoins, but not all of these exchanges are eligible to use here in Africa. Some cryptocurrency exchanges such as US-based Coinbase and Gemini are restricted to particular geographical areas and can, therefore, not be used in Africa.
In this article, you will find five international cryptocurrency exchanges you can conveniently use in Africa to trade altcoins. It is also important to note that to use any of these exchanges outlined below you must use bitcoin as your base currency, which means to be able to trade you must first buy and transfer bitcoin into your account.
Poloniex is one of the most reputable cryptocurrency exchanges in the world. Located in Delaware, USA, this cryptocurrency exchange uses bitcoin as its base currency with over other 75+ cryptocurrency pairs to trade. Poloniex has a slick design with a clean, easy-to-navigate user interface that can quickly be understood by newbie traders. This trading platform also offers some advance option such as margin trading and lending.
Bittrex has been able to develop its exchange to become one of the most sought after trading platforms among cryptocurrency traders. It offers a broad selection of tradable altcoins including new coins that have just entered the cryptocurrency market. Bittrex is also based in the US and can be suitably used here in Africa. They have good customer support as well as high security levels.
Located in New Zealand, Cryptopia is a three in one platform, a marketplace where you can buy or sell anything in exchange for cryptocurrency, a mining pool, and an exchange for cryptocurrency trading. Major altcoins are listed on this exchange platform but many of the other altcoins listed are relatively new.
Bleutrade is one of the more overlooked cryptocurrency exchanges that you can use in Africa. It started its operation in 2014 and offers a wide array of altcoins to trade against. Bitcoin, as well as other altcoins can be traded against each other. Bleutrade is a good alternative if the coin you want to trade is not listed in any of the above exchanges.
Nova Exchange is yet another cryptocurrency exchange that can be a used here in Africa. The exchange platform is based in Sweden and it has three main base currencies (Bitcoin, Litecoin, and Aricoin) that you can trade against a wide array of altcoins. The exchange supports over 100 tradeable cryptocurrency pairs.