Easiest and cheapest ways to buy crypto in Madagascar
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Madagascar is a bit harder than in some other countries so we have compiled a list of exchanges where Madagascar citizens can buy bitcoin.
👛 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 $10 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 – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Cex.io is one of the older centralized cryptocurrency exchanges that is still going strong, adding new coins and features to its trading platform every month. Founded in 2013, this exchange is one of the oldest Bitcoin exchanges. Cex.io is based in London, UK.
Cex.io is a global exchange that is available in over 180 countries and is registered with FinCEN. The platform follows AML (anti-money laundering) and KYC (know your customer) policies and offers a range of services including fiat to crypto purchases, spot trading, margin trading, staking, leverage, lending, and savings.
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, JPY
Changelly offers a platform to sell, store, and trade cryptocurrencies. As a decentralized exchange (DEX), it empowers users to trade directly from their personal wallets, eliminating the need for any intermediaries. This positions Changelly as a peer-to-peer platform, facilitating direct cryptocurrency trades between users.
Changelly was founded in 2013 in Prague, Czech Republic, by the same guys who established MinerGate, one of the largest mining pools that exist today, so it’s a reliable company. Within a year Changelly has managed to attract over 100,000 users, which is really impressive. Changelly reached the 1,000,000 users milestone in April 2017, which shows how popular this cryptocurrency exchange website is becoming in such a short span of time.
Features of Changelly: Diverse Cryptocurrency Selection: Changelly boasts support for over 1,500 cryptocurrencies, encompassing popular ones like Bitcoin, Ethereum, and Litecoin. Wallet-to-Wallet Trading: The platform allows users to trade directly from their individual wallets, ensuring a secure and transparent trading experience without the involvement of third parties. Instant Exchange: Changelly offers real-time exchanges between various cryptocurrencies. It employs a sophisticated algorithm to ascertain the most favorable exchange rate for every transaction. Intuitive User Interface: Designed with user experience in mind, Changelly’s interface is straightforward and easy to use. It offers comprehensive details about each transaction, including its status, the amount involved, and the executed rate.
⚡️ Deposit fees: Changelly does not have set fees due to the volatility of cryptocurrencies ⚡️ Withdrawal fees: None ⚡️ Trading fees: 0.25% ⚡️ Payment Methods: Debit Card, Credit Card ⚡️ Supported fiat: USD, EUR, GBP
Wide range of cryptocurrencies Low crypto-to-crypto exchange fees Easy to use
Not regulated in the U.S. High fiat-to-crypto rates Limited payment options
Best Bitcoin Wallets in Madagascar
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.
But, which bitcoin wallet is available in this country?
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 – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
Kraken has been a dominant force since its inception in 2011. The platform is a hub for trading a diverse range of over 220 digital assets, with popular names like Bitcoin, Ethereum, and Cardano leading the pack. Kraken’s reputation for top-tier security measures is well-earned, ensuring a safe trading environment for its users.
Its reach is truly global, with availability spanning across many countries, though a few like Iraq and New York are left out. Kraken is also user-centric, offering a multitude of payment methods and accommodating various fiat currencies for transactions. For those with a penchant for advanced trading, Kraken provides a suite of sophisticated tools.
⚡️ 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 Longevity on the crypto market – highly respected exchange Over 90 cryptocurrencies Advanced trading and staking services
Fees are fairly high compared to its main competitors No derivates or futures trading
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Coinmama is one of the oldest exchanges in the cryptocurrency world, having been established in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. The company’s headquarters are located in Slovakia and Ireland.
Coinmama is an exchange that serves over 1.5 million users in over 150 countries and has a team of over 40 employees. Its user-friendly interface makes it an ideal choice for those new to cryptocurrency. When you buy coins through Coinmama, they are transferred directly to your own non-custodial wallet, rather than being held in Coinmama’s own 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 – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD + more
Paxful is “the Uber of the Bitcoin”. It is a crypto exchange based in the US that has over 200 employees. Paxful was launched back in 2015 so it has been around for quite some time now. The founders of Paxful are Artur Schaback and Ray Youssef.
The headquarters of the company is in NY, US. Paxful offers a simple, easy way to buy crypto assets. Moreover, if you would like to spread the word about Paxful while generating a 2% revenue from any amount bought, there is Paxful’s affiliate program called “virtual kiosk”.
⚡️ 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
An incredible number of payment methods Easy-to-use platform Available in more than 180 countries Security is on a high level
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
LocalBitcoins is one of the largest peer-to-peer service platforms on the crypto market. It was launched in 2012 in Finland and was founded by Nikolaus Kangas. Since then, LocalBitcoins has achieved enormous growth, which led to it becoming the leading marketplace for Bitcoin exchange services. The only currency LocalBitcoins supports is Bitcoin.
The feature that makes LocalBitcoins unique is the direct contact between users. Most exchanges match sellers and buyers manually without the possibility of communicating directly. Users from all around the world can meet and trade Bitcoins through a fairly simple process. This is why LocalBitcoins is considered to be the “Craigslist” of Bitcoin. The platform is accessible worldwide, precisely in 248 countries.
However, services of LocalBitcoins aren’t available in Washington and New York. Features such as futures trading, derivatives, margin trading, short selling, or any other option aren’t supported. This is because LocalBitcoins doesn’t work as a traditional trading platform.
Frequently asked questions about buying Bitcoin in Madagascar
How do I buy bitcoins in Madagascar❓
You can buy Bitcoin in Madagascar on any of the exchanges mentioned in this article.
Is Bitcoin available in Madagascar❓
Yes, You can buy Bitcoin in Madagascar on any of the exchanges mentioned in this article.
Is Coinbase available in Madagascar❓
No, Coinbase is not available in Madagascar.
Where can I buy Madagascar crypto❓
Go to CoinMarketCap and search for Madagascar. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase Madagascar as well as the currencies you can use to obtain it.
How are regular people making returns of as much as 70% in a year with no risk? By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.
As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge.
Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!
