How to Buy Bitcoin and Crypto in Rwanda
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
Trading Bitcoin and other cryptocurrencies can be a great way to invest and potentially make a profit. However, it’s important to note that cryptocurrencies are highly volatile and can fluctuate in value rapidly, so it’s important to approach cryptocurrency trading with caution and do your research before investing.
Here are the steps to buy Bitcoin and other cryptocurrencies in Rwanda:
Choose a cryptocurrency exchange: There are many cryptocurrency exchanges available, but not all of them support trading in Rwanda. Some popular options include Binance, Coinbase, and Paxful.
Create an account: Once you’ve chosen an exchange, create an account by providing your personal information and verifying your identity. This process may vary depending on the exchange you choose.
Add funds to your account: After your account is created, you’ll need to add funds to it before you can buy any cryptocurrencies. Some exchanges support Rwandan francs (RWF), while others only support buying cryptocurrencies with other cryptocurrencies or with USD or other fiat currencies.
Buy Bitcoin or other cryptocurrencies: Once you have funds in your account, you can buy Bitcoin or other cryptocurrencies by placing an order on the exchange. You can usually place a market order to buy at the current market price or a limit order to buy at a specific price.
Store your cryptocurrencies: After you’ve bought Bitcoin or other cryptocurrencies, it’s important to store them securely. Some exchanges offer built-in wallets where you can store your cryptocurrencies, but it’s generally safer to transfer your cryptocurrencies to a hardware wallet or software wallet that you control.
It’s important to note that cryptocurrency regulations and laws can vary by country, so it’s important to stay informed and comply with any relevant regulations in Rwanda.
Additionally, it’s important to do your own research and consider your own risk tolerance before investing in cryptocurrencies. Cryptocurrency trading can be highly risky, and it’s possible to lose all of your invested funds.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.
Buy Bitcoin and Crypto through Poloniex
- Poloniex is a cryptocurrency exchange founded by Tristan D’Agosta in January 2014. In February of 2018, it was acquired by Circle for an estimated $400M, and subsequently “spun out” in October 2019. In November 2019, Justin Sun, founder of Tron, revealed that he led the acquisition of the “spin out”.