10 Best Exchanges to Buy Bitcoin in Cameroon (2021)
In this post, you will find the exchanges to buy bitcoin in Cameroon at the cheapest rate.
Cameroonians have been seeking reputable exchanges to buy bitcoin. Hence, I decided to shed light on this request.
I have conducted my analysis on over 15 bitcoin exchanges available in Cameroon to come up with the list of this 10 credible best.
If you are ready to check out these exchanges… let’s dive right in!
Post Summary
These are the subheadings that I will be discussing in this post;
- 10 Best Exchanges to Buy Bitcoin in Cameroon
- Which is the Best?
- Conclusion
Let’s get started!
10 Best Exchanges to Buy Bitcoin in Cameroon
I arranged this list considering the exchanges that are located in Cameroon and those that currently support XAF.
There you have my list!
1. Pursa
This exchange is acclaimed as the best bitcoin exchange in Cameroon.
Pursa is a peer-to-peer marketplace to buy and sell bitcoin using a wide range of payments methods.
The exchange is based in Cameroon and it was founded in 2017 by Mbuh Jude.
Pursa has a wonderful user interface that makes it easy for a newbie to navigate easily through the platform.
Moreso, the customer support channel on Telegram is very interactive.
2. Paxful
Paxful was founded in 2015 and it is popularly known as the “Uber of Bitcoins”.
This exchange provides users with an intuitive experience when buying or selling bitcoins with over 300 payment methods.
It is the greatest competitor of Localbitcoins; a peer- to- peer exchange just likes Paxful.
Paxful is a superb exchange; however, you need to keep your eyes open to avoid scam bitcoin sellers on the platform.
You can find other paxful features on the table below;
3. LocalBitcoins
LocalBitcoins was founded as the first peer-to-peer exchange in 2012.
This exchange allows you to purchase bitcoin with over 60 payment methods.
It is a very popular exchange that has been tested and trusted by millions of users around the globe.
However, one needs to keep an eye on scam bitcoin sellers while using this exchange.
4. Remitano
Remitano is a cryptocurrency exchange that functions just like other peer-to-peer exchanges discussed above.
It was founded in 2016 by Babylon Solutions Limited in Seychelles.
Remitano is a bitcoin exchange with an outstanding user interface and 24hrs customer support.
It is the best secure P2P platform when compared to others.
5. Vertex
Vertex is a peer-to-peer marketplace for buying and selling cryptocurrencies with 25 payment methods.
The exchange was founded in 2018 by Alessandro Pecorelli, and it is headquartered in London.
Vertex is currently available in 200 countries and about 1000 cryptocurencies can be exchanged on this platform.
6. Binance
Binance is the world’s largest cryptocurrency exchange by trade volume.
It was founded by Changpeng Zhao in 2017 yet its popularity and use case has been a force to reckon with.
This exchange offers a plethora of services and avails users the opportunity to buy bitcoins at a lesser transaction fee.
Binance supports the trade of over 400 cryptocurrencies in over 180 countries.
7. Coinbase
Coinbase is one of the oldest and biggest exchanges that you can find around the world.
It was founded by Brian Armstrong in 2012 as a broker exchange; however, it now offers a lot of trading services.
Coinbase is one of the easiest ways for Cameroonians to buy their first bitcoin.
One of the awesome things about this exchange is that it takes customers security seriously; Coinbase insures all the funds that you have in your Coinbase Wallet.
In other words, if Coinbase security is breached, the insurance agency would pay all the stolen customers’ funds.
8. CEX.IO
CEX.IO is a multi-functional cryptocurrency exchange that was founded in 2013.
It first operated as a bitcoin exchange and as one of the popular cloud mining platforms to exist around 2014.
However, the services that this platform solely provides today focuses on cryptocurrency exchange.
CEX.IO is trusted by millions of users. It is one of the best exchanges to buy bitcoins in Cameroon and the rest of the world.
This exchange is registered and Licensed with FinCEN; an agency in the United State that safeguards Public funds.
9. Coinmama
Coinmama is one of the top crypto exchanges offering bitcoin brokerage service.
It was founded in 2013 and has support for over 150 countries.
As at the time of this post, Coinmama has over 2 million active users.
The exchange is a non-custodial exchange, and it is a superb place to buy your bitcoins instantly.
10. Changelly
Changelly is a non- custodial instant cryptocurrency exchange that was founded in 2015 by the Minergate (a crypto mining pool).
It is an exchange that connects users to a third-party platform to provide them with the best experience for buying and exchanging cryptocurrencies seamlessly.
Changelly functioned as an exchange that aids users to swap their crypto for another; however, the exchange upgraded its services this year (2020).
The services added include; a Fiat-to-Crypto Marketplace; where users buy bitcoin and altcoins with 4 payment methods from different payment processors.
Changelly has also launched its trading platform dubbed Changelly Pro.
These exchanges that I have listed above are undoubtedly the best places you can buy and trade cryptocurrencies with the utmost good experience.
If you want to know the overall best exchange in this list, then, let’s check out the subheading below.
Which is the Best Exchange to Buy Bitcoin in Cameroon?
Determing the best exchange to buy bitcoin depends on individual use case.
For Instance: the best exchange for you at the moment should be determined after considering these factors below;
- Motive – Am I buying – to trade, store, or shop?
- The supported cryptocurrencies – does the exchange have the coin I want to buy?
- Payment Methods – Is the available payment method convenient for me?
- Fees – How much is the fee on this exchange when compared with other exchanges?
- Security and the Volume you would like to trade.
Let’s say I want to buy bitcoin instantly at an affordable price; I will choose either Changelly, Coinbase or Coinmama depending on the most convenient one.
However, I will choose among Pursa, Paxful, Localbitcoins, Vertex, and Remitano, if I want to buy a large amount of bitcoin using a peer-to-peer system.
Inversely, If I want to trade my bitcoin against altcoins, then, I will go to Changelly Pro, Binance, or CEX.IO depending on my choice.
Conclusion
Bitcoin in Cameroon is still in its starting point, but cryptocurrency awareness may skyrocket to success in this country.
This is the end of this post! I hope you enjoyed it?
Having walked you through this list, it is about time I got a reply from you.
So tell me;
Have you made up your mind on the exchange to buy your bitcoins from this list?
Are there other exchanges that you think I have missed out?
Put down your comments below and please do share this post by clicking on the share buttons.
Cheers!
P.S
If you want to learn how to trade cryptocurrencies profitably, we developed a perfect course to help you master Cryptocurrency Trading.
Go to www.ctmastery.com to enrol.
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