Are you a crypto newbie or do you know one? Here are the 4 simple steps of how you can buy your first crypto;
1. Choose a Crypto Exchange
We have several crypto exchanges both local and international that operate in Africa. Our favourite is binusu.com, given the simplicity, speed, on & offramps and personal experience you receive from the platform and agents. Binusu is a financial ecosystem that enables you to buy and sell Bitcoin (BTC), Ethereum(ETH), Litecoin(LTC), USDT(Tether), USDC, Celo, cUSD, BNB, BCH with bank transfer and mobile money. Always remember to use links from certified websites to avoid scams and phishing websites.
2. Register and Do KYC
Register for a binusu account and do KYC (know Your Customer). This helps the trading platform to be able to identify you with your account, avoiding bots and scams and as a way of controlling money laundering. This process will involve taking photos of your national ID and a selfie while holding your ID, The procedure may vary or be updated over time.
3. Deposit Local Currency
The most common payment methods are mobile money and bank transfer. The transfer is instantaneous and only takes a few minutes , but can sometimes take 5-10 minutes to confirm. Otherwise, once the money hits your account, you are free to trade crypto
4. Buy Crypto
- Sign in to your account at www.binusu.com to make a transaction.
- Select the crypto that you would like to buy.
- Choose the local currency of choice and enter amount.
- Click on exchange and enter address to place your order. An agent from Binusu will contact you to process the transaction.
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