How to Buy Ethereum in Uganda: Top 3 Exchanges

Ether is the second most valuable cryptocurrency after bitcoin and a popular buy among crypto investors. If you’re looking to buy Ethereum in Uganda, here are three exchanges you can use.

Luno

Luno is one of the biggest platforms for trading cryptocurrencies in Africa. It is available in over 40 countries including Uganda, Nigeria, and South Africa.

Luno provides a platform for crypto traders to buy and sell crypto with different payment methods. These traders have access to different cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. Ugandans can buy Ethereum on this platform using the Ugandan shilling (UGX).

There is an in-built cryptocurrency wallet with which clients buy and sell cryptocurrency. The wallet also allows people to monitor their transactions. Luno takes a commission on all transactions.

Asides from offering trading services, Luno also offers other services to make the journey of people into cryptocurrency easier. These services include a learning portal. Luno’s learning portal allows both newbies and others with varying levels of experience to get a deeper understanding of how cryptocurrency works.

To use Luno, all you have to do is register on their site through a web browser or their app. Then, you can deposit money in your fiat currency (UGX) and use it to buy Ethereum in Uganda.

To buy Ethereum on Luno Uganda, follow the steps below:

• Visit https://www.luno.com or download the Luno Android or iOS app.
• Create an account. You will receive a cryptocurrency and local currency wallet.
• Verify your identity through the KYC process.
• Deposit money in your local currency wallet.
• Click “Buy Ethereum” to make your purchase and follow the prompts.
• After a few minutes, you will have Ethereum in your crypto wallet. You can store it there or transfer it to another wallet.

Remitano

Remitano is a peer-to-peer cryptocurrency exchange platform that is available in most African countries. It supports over 30 countries including Uganda. It serves as a marketplace that facilitates crypto exchange safely. Users can buy and sell cryptocurrencies with both fiat and other cryptocurrencies through a secure system called Escrow. This system protects the buyer of the cryptocurrency from paying for their coins and not receiving them from the seller. Ugandans can buy Ethereum on this platform using the Ugandan shilling (UGX).

The platform accepts payment by either bank transfer or in cryptocurrencies. Supported cryptocurrencies include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple’s XRP, and Tether.

To buy Ethereum on Remitano Uganda, follow the steps below:

• Register on Remitano or Sign in if you already have an account.
• On the main page (P2P Exchange tab), choose Buy now.
• Enter the amount you want to buy and choose a suitable payment method.
• Once you have filled those, a list of people on the platform willing to sell to you with your preferred payment method would be listed.
• You can search through to find the most suitable offers for you.
• Before picking an offer, make sure you take notice of the rating and reputation of the person on the other side of the deal.
• Select the offer that suits you the most.
• Once you send the seller your payment, confirm on the exchange that you have paid.
• The seller would go on to validate the payment and release the Ethereum.
• The ETH is transferred to your wallet in minutes.

Binusu.com

Binusu is a local peer-to-peer exchange available for all Ugandans. You can buy and sell Bitcoin and Ethereum for cash on this exchange. Though not as popular as Remitano and Luno, Binusu has the local appeal for many users.

To exchange some of your Uganda shillings for crypto, take these steps:

• Register or Sign in to your account at https://binusu.com to start a transaction.
• For new users, simply follow the instructions on the website to use the platform. The platform would request your name, National ID number, email address, and phone number.
• Verification on your account takes about 10 minutes.
• Specify the amount in UGX or ETH you would like to exchange. You would see the equivalent value you will receive instantly.
• Click on Exchange Now to confirm your Ethereum order.

To securely store your ETH, check out our guide to the best Ethereum wallets.