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Buy Bitcoin in Africa

If you want to buy bitcoin in Africa your best option will most likely be to use the global peer-to-peer bitcoin exchange as it is one of the safest and most-used bitcoin exchanges in the world.

Alternatively, if you are a freelancer or a remote worker based in Africa and you are (or want to be) getting paid in bitcoin, the best place to convert your bitcoins into local currency is also through the global peer-to-peer exchange LocalBitcoins.

Buy Bitcoin in Africa

LocalBitcoins allows users to buy and sell bitcoin with local currency using bank transfers, mobile money transfers (such as M-Pesa in Kenya for example), PayPal, gift cards and even cash when dealing in person.

While caution is always advised when trading bitcoin peer-to-peer, the platform actually uses a reputational scoring system that rates traders on LocalBitcoins and, thereby, ensuring a strong degree of safety. Furthermore, it also an escrow account. So if you are selling bitcoins for local currency, you don’t release your bitcoins from your LocalBitcoins escrow account until you have received the local currency payment. Thereby sharply reducing the risk of fraudulent activities on their platform.

As bitcoin allows you to save on expensive money transfer fees (such as the 3%+ that Paypal charges), you can save money and thereby earn more when being paid in bitcoin, as opposed to in USD, when working as a freelancer or as a remote worker.