Easiest and cheapest ways to buy crypto in Cameroon
Getting bitcoins in Cameroon is not an easy task as not all popular crypto exchanges are available to Cameroon citizens. This is a current list of bitcoin exchanges that allow users from Cameroon to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
👛 Ease of Use – Medium 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Binance is widely considered the largest cryptocurrency exchange in the world. It was launched in July of 2017 and in a short period of time became the exchange with the largest trading volume with more than $1 billion on a daily basis.
How did Binance become so big so quickly? There are various reasons – low trading fees, professional attitude, the large number of cryptocurrencies supported by the platform, and friendly and transparent CEO. Some of the features available on Binance are Earn (locked and fixed savings, DeFi staking, and yield farming), Pool (join their mining and staking pools and earn rewards for keeping your chosen blockchains safe), Liquid swap, Liquidity pools, Automated trading bots, spot trading, futures and margin trading, and P2P trading.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Vary from crypto to crypto ⚡️ Trading fees: 0.1% ⚡️ Payment Methods: Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more ⚡️ Supported fiat: USD, EUR, GBP, AUD, RUB, and 15+ more
High liquidity It supports a large number of crypto assets Widely considered the largest crypto platform Various advanced features and services One of the lowest fees among top exchanges
Not available in the US Not fully registered Hacked in 2019
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.
Currently, 4 million users in over 170 countries worldwide use Kraken’s services (excluding Washington and New York in the U.S). Kraken is registered under FinCEN in the United States. Besides buying and selling crypto, this exchange also supports margin trading, OTC trading, market, and stop-loss limit order, staking, limit, futures, take profit market order, and more. It is an easy-to-use exchange and an ideal platform for secure, safe, and fast transactions.
⚡️ Deposit fees: EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free) ⚡️ Withdrawal fees: Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD) ⚡️ Trading fees: Maker: 0.16%Taker: 0.28% ⚡️ Payment Methods: Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko ⚡️ Supported fiat: USD, EUR, GBP, JPY, CAD
Available almost worldwide High security Over 90 cryptocurrencies Various payment methods
Fees slightly above the industry average No tax support
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Cex.io is one of the crypto exchanges that has been around the longest, since 2013. At first, it started only as a Bitcoin exchange and cloud mining provider, but we can now safely say Cex.io is a g global crypto platform that has over 4 million users. The reputation of the exchange seems to be very high, mainly due to its longevity on the crypto market.
Cex.io is a crypto platform with various services since it offers fiat to crypto purchases, spot trading margin trading, staking as a service, crypto loans, and savings accounts. CEX is authorized as an MSB by FinCEN and has a Level 2 PCI DSS data security clearance. The exchange shows due diligence for storage, processing, and transmission of payment cards data.
Well-established and highly appreciated It has been around for a very long time Over 4 million users Advanced trading features
Extensive Verification Process Lower liquidity when compared to main competitors
Best Bitcoin Wallets in Cameroon
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD
If you would like to talk about one of the oldest exchanges in the crypto world then Coinmama is for sure the one. The exchange was launched in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. Slovakia and Ireland are the countries where you will find Coinmama’s headquarters.
Coinmama has over 1.5 million users and is operating in more than 150 countries. The company has over 40 employees. It offers a user-friendly and simple interface which makes it suitable for complete beginners. Coinmama sends the coins you buy via their platform directly to your own non-custodial wallet, never keeps them in their wallets.
⚡️ Deposit fees: 0 – 5 % ⚡️ Withdrawal fees: None ⚡️ Trading fees: 2.9 – 3.9 % ⚡️ Payment Methods: Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill ⚡️ Supported fiat: USD, EUR, GBP, CAD, AUD
Beginner-friendly interface Available almost worldwide Various ways to deposit Simple to use No withdrawal fee
No mobile app and no staking No phone number for customer support
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
LocalBitcoins is one of the oldest P2P online marketplaces where you can buy and sell Bitcoin. It is considered the largest peer-to-peer crypto platform. LocalBitcoins is based in Helsinki, Finland.
LocalBitcoins was founded by Jeremiah Kangas in 2012. It operates in more than 240 countries worldwide. The platform is a peer-to-peer network that connects sellers with buyers in the local area. Users post ads on the platform in which they state payment methods and exchange rates for purchasing or selling Bitcoins. Then, other users reply to these ads in order to make a transaction. LocalBitcoins has a great reputation in the crypto market and it pays a lot of attention to regulations and security of the platform.
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – EUR, USD, and 50+ more
Coinbase is one of the well-known, established, and trusted cryptocurrency exchanges. It was founded back in 2012, with its headquarters in San Francisco.
Coinbase offers its services in over 100 different countries around the world and has more than 60 million registered users. It offers its users more than 100 cryptocurrencies to choose from. Additionally, well above 400 trading pairs are offered on the Coinbase exchange. Furthermore, there is also a mobile app that is supported on Android as well as IOS.
⚡️ Deposit fees: Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 ⚡️ Withdrawal fees: SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25 ⚡️ Trading fees: Fees vary ⚡️ Payment Methods: Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer, ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD, CNY & 50+ more
An easy way for new users to purchase Bitcoin More than 100 cryptocurrencies to choose from A regulated and trustworthy company High liquidity and purchasing limits
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD + more
Paxful is widely considered “the Uber” of the Bitcoin world. It is a crypto exchange that is based in the US and has over 200 employees. Paxful was launched in 2015, so it has longevity on the crypto market.
Artur Schaback and Ray Youssef are the founders of Paxful. The headquarters of the company is in NY, US. On Paxful, you can easily buy crypto with just a few clicks. Moreover, there is Paxful’s affiliate program called “virtual kiosk” where you can spread the word about the exchange while generating a 2% revenue from any amount bought.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0.5% – 5% ⚡️ Trading fees: No buyer fee, seller fee varies from 0.5% to 5% ⚡️ Payment Methods: Over 350 payment methods are available ⚡️ Supported fiat: USD, EUR, GBP, CAD, AUD, and many more
Secure and safe The longevity of the crypto market The number of payment methods is extremely high Easy-to-use platform
No trading features It is not regulated
Frequently asked questions about buying Bitcoin in Cameroon
What bitcoin wallet works in Cameroon❓
You can use Coinbase Wallet, Ledger, or Exodus in Cameroon.
Is crypto legal in Cameroon❓
Cameroon lacks appropriate regulation addressing cryptocurrency and its legal status. A 2018 study reveals the West African country hasn’t enacted any legislation regarding cryptocurrencies. The country, however, seems to be making some strides towards incorporating digital currency systems.
Does Localbitcoin work in Cameroon❓
Yes, LocalBitcoins is available in Cameroon.
Where can I buy Usdt in Cameroon❓
You can buy Tether (USDT) and Bitcoin (BTC) in Cameroon on any of the exchanges mentioned in this article.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
I am Petar and I come from a small country in South-Eastern Europe called Serbia. I am a big-time crypto enthusiast and I am proud to be a part of the project. My job with Captainaltcoin is the content editor and content writer position.
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