If you send more/less BTC, it will be refunded back to your address less network fees. 7 rows · Seller Payment method Price / BTC Limits; Dokello (+; %) Other online payment: . Coinbase is one of the most trusted places to send and receive Bitcoins in Uganda and the world at large. It is one of the largest platforms that I recommend you to join. You can trade a number of cryptocurrencies on the platform including Bitcoin, Ethereum, XRP, USDT, Bitcoin Cash, Litecoin .
Bitcoin traders in ugandaTop 7 Ways To Buy Bitcoin (BTC) In Uganda in - BlockNewsAfrica
The verification process on Kraken is secure and simplified for all customers. Kraken accepts all forms of bank transfers for deposits and withdrawals. SWIFT international wire transfer deposits are free. Skip to content Uganda. Pros Respectable reputation Global support Reliable customer support Tiered verification Affordable fees.
Cons Few payment methods Sophisticated UI. Pros Available worldwide High purchasing limits Dependable and trustworthy Excellent leadership and customer support Fast and secure transactions.
Cons High fees when purchasing with a credit card or debit card Delay in processing time. Pros Established reputation User-friendly interface High liquidity Large purchasing limits Strong security.
Cons Support takes time to respond Slow bank transfers. Pros Trustworthy management High volume exchange Low fees A large number of cryptocurrency pairs Global support.
Cons Buyers and sellers are at risk of being scammed. Pros Available in every country of the world A diverse selection of buyers and sellers Supports many payment methods Buyers get their bitcoins fast Private. Cons Lack of cryptocurrency diversity Both sellers and buyers have a chance of being scammed. Pros Respectable reputation Supported globally No registration required Privacy Perfect for advanced traders.
Cons Few payment methods Not suitable for beginners. Pros Many cryptocurrencies and payment methods supported High liquidity Trustworthy management Good customer support. Pros Easily accessible Convenient Fun to use Physical kiosk with receipt and customer service. Cons Distance to travel Higher fees than most exchanges.
Search the website Hit enter to search or ESC to close. Read Review. The partner asked not to be named, due to safety concerns related to managing large quantities of cash. Further, the prospective Ugandan users are still undergoing the know-your-customer KYC onboarding process, verifying their government-issued IDs. Binance was historically known for only requiring an email address to trade crypto-to-crypto.
Previously, Ugandans who wanted to trade crypto were mostly reliant on peer-to-peer exchanges like LocalBitcoins or nearby services such as the Zimbabwean exchange Golix. Since Binance Uganda opened, Rugunda said, several other global exchanges have started contacting local regulators. A national census revealed nearly 10 percent of Ugandan households received remittance from neighboring Kenya, only a few percentage points below the most popular remittance sources in Europe, Sweden and Germany.
But these transfers carry high conversion fees, creating demand for alternatives. Other factors driving cryptocurrency adoption in Uganda are rampant unemployment beyond the agricultural industry and demand for imported products, Rugunda said.
Meanwhile, the International Labour Office estimated in that almost 15 percent of working-age Ugandans under 30 were unemployed, plus nearly 49 percent who were employed only had irregular or temporary work. As such, many are becoming self-employed.
This harkens to similar factors noted by cryptocurrency advocates in the Palestinian territories , where educated young people look online for opportunities to earn, shop with, and trade crypto when white-collar jobs are scarce.
In fact, Ugandan royal Prince Kudra Kalema is currently spearheading an energy project with the crypto startup Wala , which already has thousands of Ugandan mobile app users.