Zambia has emerged as a country with growing interest in digital assets. This comprehensive guide will explore the ins and outs of how to buy Bitcoin in Zambia, the best Bitcoin wallet in Zambia, and how to do a crypto pay investment in the country.
One of the most common questions we encounter is, “Does Luno work in Zambia?” and “Can Zambia use the Luno wallet?” This article aims to answer these questions and more, providing a detailed overview of the Luno platform and its functionality within Zambia.
Getting bitcoins in Zambia is not an easy task as not all popular crypto exchanges are available to Zambian citizens. This is a current list of bitcoin exchanges that allow users from Zambia to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
Quick summary – How to buy Bitcoin and Crypto in Zambia?
Binance is the world’s largest centralized cryptocurrencies exchange with over 30 million users worldwide and more than $15 billion in daily trading volume. It supports users from 60+ countries (excluding the U.S).
Pursa 🌍
Pursa exchange was launched by Mbuh Jude in September 2018. The company is located in Cameroon. It supports various fiat currencies including GHS, KES, UGX, RWF, ZMW, NGN.
Kraken is one of the largest cryptocurrency exchanges. It was launched back in 2011 and is a part of crypto exchanges “big three” alongside Binance and Coinbase.
Cex.io was founded in 2013 in London, UK, and has over 4 million users. It supports over 100 cryptocurrencies and various fiat currencies including USD, EUR, GBP, RUB.
👛 Ease of Use – Medium 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the world’s largest centralized cryptocurrencies exchange. Originally launched in 2017 in Hong Kong, the platform is still unregulated, it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).
On Binance, you can buy, sell, and trade a large number of cryptos with low fees. Two Factor Authentication, cold storage, and multi-sig wallets provide Binance users excellent security. It is considered one of the most secure cryptocurrencies exchange in the crypto sphere. Binance supports spot trading, margin trading, P2P trading, futures, earn (locked savings, fixed savings, yield farming, and DeFi staking), mining, and staking pools. You can trade more than 350 cryptos and over 1300 trading pairs.
⚡️ 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
Low fees High liquidity Lite and Pro version 350+ cryptos and 20+ fiat currencies
Impressively, this exchange allows you to buy and sell Bitcoin using any payment method that you prefer. Also, the exchange supports over 230 countries including Kenya, Ghana, Cameroon, Nigeria, and Chad.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: None ⚡️ Trading fees: N/A ⚡️ Payment Methods: EUR Bank Transfer, MasterCard, MTN Mobile Money, Orange Money, US Bank Transfer, or VISA ⚡️ Supported fiat: USD, XAF, GHS, KES, UGX, RWF, ZMW, NGN
Various payment methods Supports many countries instant buy/sell (no registration needed)
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
As a pioneering cryptocurrency exchange, Kraken has been at the forefront of the crypto revolution since 2011. Its platform is a gateway to a vast array of over 220 digital assets, including market leaders like Bitcoin, Ethereum, and emerging players like Cardano. Security is a hallmark of Kraken, making it a trusted choice for traders worldwide.
Its global presence is commendable, serving users in a multitude of countries, with a few exceptions like Cuba and North Korea. In terms of flexibility, Kraken shines, offering users a wide spectrum of payment options and facilitating transactions in a variety of fiat currencies. Moreover, advanced traders can tap into specialized features to enhance their trading experience.
⚡️ 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
Advanced trading and staking features It has been active on the crypto market for a very long time It has a good reputation Advanced trading and staking services
Fees are fairly high No derivates or futures trading
Best Bitcoin Wallets in Zambia
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 – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – EUR, USD, and 50+ more
If we want to mention the biggest cryptocurrency exchanges in the world, Coinbase is most likely the first name that comes to our mind. Coinbase is a very powerful crypto platform, especially in the US.
In total, it has over 60 million users around the world which is a remarkable number. The headquarters of Coinbase is in San Francisco, California. Coinbase is not only a typical exchange, but it also offers a cryptocurrency wallet, so we can safely say it is a suitable place for crypto investors.
⚡️ 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
Very large user base and extremely popular Debit card available A variety of fiat currencies supported Over 100 cryptocurrencies supported
Luno serves upcoming markets that lack local cryptocurrency exchanges and as such has a strong presence in presence in South Africa, Singapore, Nigeria, Malaysia, and Indonesia.
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Founded in 2013 in London, UK, and with over 4 million users, Cex.io is among the oldest cryptocurrency exchange platforms on the market. On Cex.io, you can buy, sell, trade, and store over 100 cryptocurrencies.
This centralized exchange supports fiat to crypto purchases, margin trading, spot trading, staking, lending, leverage, and savings. It has more than 100 cryptocurrencies available for trade and over 220 trading pairs. Today, Cex.io is available in more than 180 countries around the globe (including the U.S.). Cex.io applies AML and KYC policies, and it is registered with The Financial Crimes Enforcement Network (FinCEN).
Regulated and licensed Well Established Company Mobile App (Android and iOS) Great support
Lower liquidity than other exchanges Extensive Verification Process
Frequently asked questions about buying Bitcoin in Zambia
Which bitcoin wallet is accepted in Zambia❓
You can use Ledger Nano X when it comes to hardware wallets, and Coinbase Wallet when it comes to non-custodial wallets.
Does Luno work in Zambia❓
Yes, Luno is available in Zambia.
Where can I sell bitcoin in Zambia❓
Pursa is the best place to buy and sell bitcoin instantly in Zambia with Airtel Money, EUR Bank Transfer, MasterCard, Mobile Money, MTN, US Bank Transfer, or VISA.
Is PayPal available in Zambia❓
Xoom, PayPal’s money transfer service, announced that its customers can now send money transfers directly to mobile wallets in Zambia and other key markets across Africa.
Is bitcoin legal in Zambia❓
While cryptocurrencies have some monetary characteristics, such as being used as a means of payment on a person-to-person basis, cryptocurrencies are not legal tender in Zambia. Consequently, any and all activities related to the buying, trading, or usage of cryptocurrencies are performed at the owner’s risk.
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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.
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