In this article, I Will talk the finest crypto exchanges based on their usefulness and accessibility for African users considering the specific features these platforms possess designed for the African market – low fees, local assistance, and many other offerings.
From my experience, whether you are a novice or a seasoned trader, it is very important to pick the right exchange to have a smooth sailing experience with trading crypto in Africa.
key Points & Best Crypto Exchanges For African Users List
| Platform | Key Points |
|---|---|
| Binance | – Largest exchange by trading volume |
| – Wide range of cryptocurrencies and trading pairs | |
| – Advanced trading features and tools (Spot, Futures, Margin) | |
| – Binance Coin (BNB) for fee discounts | |
| Poloniex | – Established exchange with a focus on altcoins |
| – Offers spot trading, margin, and lending services | |
| – Low fees and a wide variety of cryptocurrencies | |
| ChainEX | – South African-based exchange with a focus on local fiat integration |
| – Provides spot and futures trading | |
| – Supports multiple local currencies and payment methods | |
| Paxful | – Peer-to-peer (P2P) trading platform |
| – Supports buying and selling crypto using over 300 payment methods | |
| – Focus on global financial inclusion and users in emerging markets | |
| Luno | – User-friendly interface suitable for beginners |
| – Focuses on supporting users in emerging markets, especially in Africa and Asia | |
| – Offers crypto buying, selling, and simple wallet services | |
| Remitano | – Peer-to-peer platform with a focus on international money transfers |
| – Offers secure trading with escrow service | |
| – Supports multiple fiat currencies and cryptocurrencies | |
| Kraken | – Well-established exchange with strong security features |
| – Offers fiat-to-crypto and crypto-to-crypto trading | |
| – Advanced trading tools and staking options | |
| SwissBorg | – Wealth management platform with a focus on user experience |
| – Offers smart yield and portfolio management services | |
| – Supports fiat on-ramps and multiple cryptocurrencies | |
| Crypto.com | – Comprehensive platform offering crypto trading, DeFi, cards, and loans |
| – Strong focus on crypto adoption through its Visa card and mobile app | |
| – Offers staking, yield generation, and NFTs | |
| Bitget | – Specializes in futures trading and crypto derivatives |
| – Strong reputation for leveraged trading and advanced tools | |
| – Global platform supporting a wide variety of trading pairs and assets |
10 Best Crypto Exchanges For African Users
1.Binance
Binance remains one of the top crypto exchanges for Africa due to its suprisingly low trading limits, regional support and many crypto options.
Founded in 2017, Binance has quickly become an industry leader, providing spot and futures trading services with maker and taker fees around 0.10%.
The exchange accepts local currencies like Nigerian Naira (NGN), South African Rand (ZAR), and Kenyan Shilling (KES), making Binance accessible to African traders.
Moreover, Binance offers local customer support, P2P trading, and multiple payment options for users across the continent.
| Feature | Details |
|---|---|
| Trading Fees | Maker and taker fees start at 0.10%, with reductions based on trading volume. |
| Local Support | Supports multiple African countries, including Nigeria and South Africa. |
| Fiat Currencies | Supports local currencies like NGN, ZAR, KES, and more. |
| Advanced Features | Futures, staking, P2P trading, and crypto savings. |
| Security | Two-factor authentication (2FA), withdrawal whitelist, and cold storage. |
| Mobile App | Full-featured app for easy access to trading and managing assets. |
2.Poloniex
Poloniex serves African customers as a trusted cryptocurrency exchange, providing low fee services and local assistance.
Founded in 2014, Poloniex has established a competitive position in the market regarding its fee structure; it charges maker and taker fees starting at 0.125% with possibilities to further reduce these fees based on trading volume.
The exchange accepts multiple African currencies from users through its P2P trading platform, which allows users to purchase and sell crypto directly via local payment methods.
In addition, Poloniex offers its customers a variety of trading options, including spot and margin trading. Given its strong customer support, it serves well the needs of African traders who want a user-friendly and low-cost trading platform.
| Feature | Details |
|---|---|
| Trading Fees | Maker fees start at 0.125%, taker fees at 0.25%. |
| Local Support | Offers P2P trading for African users, but limited local currency support. |
| Fiat Currencies | Primarily supports USD and other major fiat currencies. |
| Advanced Features | Margin trading, lending, staking. |
| Security | Two-factor authentication (2FA), insurance fund for margin trading. |
| Mobile App | Available for Android and iOS, supports full trading features. |
3.ChainEX
Founded in 2018, ChainEX is the first South African cryptocurrency exchange. The platform enables the trading of over 40 digital currencies which include Bitcoin, Ethereum, and Cardano and offers ZAR (South African Rand) as the primary fiat currency.
Longer term customers with a higher trading volume can benefit from ChainEX’s competitive fee structure starting with maker fees at 0% and taker fees at 0.25%.
Supporting local payment methods improves the accessibility of the Exchange for African users. Furthermore, ChainEX streamlines trading with features such as referral programs and a mobile application which enables quick buying and selling of cryptocurrencies.
| Feature | Details |
|---|---|
| Trading Fees | Maker fees are 0%, taker fees start at 0.25%, with volume discounts. |
| Local Support | Focused on the African market, particularly South Africa. |
| Fiat Currencies | Supports ZAR and local bank transfers. |
| Advanced Features | Spot trading and futures trading. |
| Security | SSL encryption, two-factor authentication (2FA). |
| Mobile App | Limited mobile app availability, but accessible via web. |
4.Paxful
Founded in 2015, Paxful stands out as a pioneer in peer-to-peer (P2P) cryptocurrency exchanges. It was specifically built for users in Africa who needed more flexible payment options.
The platform accepts Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) and has more than 350 payment options such as M-Pesa and Chipper Cash as well as local bank transfers in NGN, ZAR, KES, and UGX.
Buyers on Paxful do not incur any fees. Sellers incur a fee of 1% on each completed trade, changing by payment method.
Withdrawals to external wallets also have capped fees, for instance $25 for Bitcoin but this depends on the amount withdrawn. With a friendly interface and potent local support, Paxful enables African users to trade cryptocurrencies in a safe and efficient manner.
| Feature | Details |
|---|---|
| Trading Fees | No fees for buyers, 1% fee for sellers on P2P trades. |
| Local Support | Extensive P2P network with local support in many African countries. |
| Fiat Currencies | Supports NGN, ZAR, KES, and many other African currencies. |
| Advanced Features | P2P trading, gift card trading, security escrow for transactions. |
| Security | Escrow protection, two-factor authentication (2FA). |
| Mobile App | Full-featured mobile app for P2P trading and transactions. |
5.Luno
Exchange cryptocurrency in Africa with Luno. The exchange offers low fees and competitive local customer service. Luno which emerged in 2013 and is case in London operates in more than 40 currencies like south Africa, Uganda, and Nigeria. Luno South Africa has a simple fee structure based on the volume of trades within a 30 day period.
For instance, maker fees in South Africa start at 0% and taker fees are at 0.1%. These fees decrease more traders entering the platform. It’s the same in Lagos too. The platform’s currency system includes ZAr, NGN and UGX which enables easy conversion.
Furthermore, Luno services African traders through various functionalities such as mobile applications, recurring buys, and other trading conveniences. Luno singlehandedly places Africa on a global scale as a leader in the crypto exchange region through its low fees, customer-centric policies, and support.
| Feature | Details |
|---|---|
| Trading Fees | Maker fees start at 0%, taker fees at 0.10%, with tiered reductions. |
| Local Support | Extensive support in Africa, including Nigeria, South Africa, and Uganda. |
| Fiat Currencies | Supports ZAR, NGN, and UGX. |
| Advanced Features | Simple buy/sell interface, recurring buys, and crypto savings. |
| Security | Two-factor authentication (2FA), cold storage for funds. |
| Mobile App | User-friendly app for easy access and management of assets. |
6.Remitano
Remitano is a P2P trading platform that focuses on an African market segment. Since its inception in 2014, it has provided its users with minimal service fees and strong support.
Like many exchanges, the platform charges a fee for every transaction, in this case, 1% for makers and 0% for takers; there are no charges for fiat deposits or withdrawals.
Remitano accepts a number of currencies in Africa such as the Nigerian Naira (NGN), the South African Rand (ZAR), the Kenyan Shilling (KES), and the Ghana Cedi (GHS) which aids in local market trading.
In addition, Remitano also provides gift card selling and buying functions as well as automated P2P trading in some African countries.
| Feature | Details |
|---|---|
| Trading Fees | 1% fee for sellers, no fee for buyers on P2P trades. |
| Local Support | Offers P2P support with many African payment methods. |
| Fiat Currencies | Supports NGN, ZAR, KES, GHS, and other local currencies. |
| Advanced Features | P2P trading, escrow services, gift card trading. |
| Security | Escrow protection, two-factor authentication (2FA). |
| Mobile App | Fully functional mobile app for P2P and exchange trading. |
7.Kraken
Kraken has become one of the most trusted cryptocurrency exchanges in Africa due to its low fees and high-level customer service.
Operating since 2011, Kraken has a maker-taker fee system with makers starting at 0.16% and takers at 0.26%. Fees improve with trading volume in the last 30 days; they can drop to 0.00% for makers and 0.10% for takers.
Kraken operates in some African nations such as Kenya, Nigeria, and Uganda, but services are not available in all regions. Their payment options like bank transfer, credit/debit cards, and digital wallets make it simple for African users.
Kraken’s security level is very high, with 95% of user funds stored in cold wallet and strong measures securing accounts. Overall, the platform is still one of the best options for traders in Africa looking for safe to use and low-cost platforms.
| Feature | Details |
|---|---|
| Trading Fees | Maker fees start at 0.16%, taker fees at 0.26%, with discounts for higher volumes. |
| Local Support | Available in select African countries, including Nigeria and Kenya. |
| Fiat Currencies | Supports EUR, USD, and several other fiat currencies. |
| Advanced Features | Margin trading, futures trading, staking, and advanced charting tools. |
| Security | Two-factor authentication (2FA), cold storage, insurance for fiat funds. |
| Mobile App | Full trading features available on iOS and Android apps. |
8.SwissBorg
SwissBorg was founded in 2017 as a low-cost African friendly crypto exchange offering subsidized fees and local service support.
Although specific maker/taker fees are not available to the public, it charges a 1.49% standard exchange fee for all its users. However, SwissBorg does offer a Premium membership with further reduced fees and other perks.
The platform supports several fiat currencies such as EUR, CHF, GBP, and USD. SwissBorg serves several other Swiss African regions like Mauritius and Seychelles.
It also has a mobile app through which users can access advanced features including the Smart Engine for optimal trade execution and the SwissBorg Earn program that allows passive income acquisition.
Although SwissBorg has fully embraced the Premium membership option, it is evident that some other competitors have lower pricing. However, for African users seeking security and ease of use, SwissBorg’s features, and support make it an attractive choice.
| Feature | Details |
|---|---|
| Trading Fees | Exchange fee of 1.49%, reduced with Premium membership. |
| Local Support | Available in several African countries, especially Mauritius. |
| Fiat Currencies | Supports EUR, CHF, GBP, and USD primarily. |
| Advanced Features | Smart Engine, SwissBorg Earn, and yield farming. |
| Security | Two-factor authentication (2FA), cold storage. |
| Mobile App | Highly rated app for managing assets and trading. |
9.Crypto.com
Crypto.com is a Singapore-based cryptocurrency exchange established in 2016. It has competitive trading fees and serves several African countries such as Nigeria, Kenya, and Egypt. The exchange uses a multi-tiered maker-taker fee system with several levels depending on the 30-day trading volume.
For example, in Tier 1 (with sub-$250,000 trading volume), the maker and taker fees are both 0.075%. Higher tiers offer reduced fees, with Tier 5 (which is over $10 million) having no fees for makers and 0.05% for taker fees. Furthermore, users can stake CRO (Crypto.com’s native token) to receive additional fee discounts.
Crypto.com supports numerous cryptocurrencies and allows staking and lending, and even offers Visa cards for spending crypto. Its mobile app enables simple asset management and trade execution. For African customers that need lower fees and more services, Crypto.com is a striking choice.
| Feature | Details |
|---|---|
| Trading Fees | Maker fees start at 0.075%, taker fees at 0.10%, with volume-based discounts. |
| Local Support | Available in many African countries, including Nigeria, Kenya, and Egypt. |
| Fiat Currencies | Supports NGN, ZAR, and other local currencies through P2P. |
| Advanced Features | Staking, crypto lending, Visa cards, and DeFi offerings. |
| Security | Two-factor authentication (2FA), cold storage, and insurance protection. |
| Mobile App | Comprehensive app for trading, staking, and managing assets. |
10.Bitget
Bitget started its operations as a cryptocurrency exchange in 2018 with special consideration for African users by providing low fees and local support.
Currently, it offers spot trading with a maker-taker fee of 0.1% and futures trading with 0.02 and 0.06% maker-taker fees respectively.
Using the Bitget token (BGB), users can pay for services and get a 20% discount on trading fees. The exchange not only supports more than 450 cryptocurrencies, it also provides P2P trading, fiat onramps and a mobile application. Although support for specific local currencies differs, Bitget can still be accessed in a number of African countries.
| Feature | Details |
|---|---|
| Trading Fees | Maker fees 0.02%, taker fees 0.06% for futures trading, 0.10% for spot trading. |
| Local Support | Available in multiple African countries with a growing user base. |
| Fiat Currencies | Limited fiat support, mainly USD and stablecoins. |
| Advanced Features | Specializes in futures trading, crypto derivatives, and margin trading. |
| Security | Two-factor authentication (2FA), cold storage for security. |
| Mobile App | Full-featured app for trading, futures, and managing positions. |
Conclusion
To conclude an African crypto exchanger, such as Binance, Luno, or even Kraken, needs to have low trading fees and strong local currency support.
Furthermore, Paxful and Remitano are great for P2P trading, which allows for easy access to crypto within the African region.
