9 Best Crypto Exchanges In Cameroon (Aug 2022)
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Loading... - Hermann Bille
- 16 Aug 2022
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Here’s something you may not realize: the cryptocurrency exchange you choose matters. Your choice will impact how profitable your trades are, how easily you can buy and sell coins, and whether you can use it in Cameroon at all.
Fortunately, I’ve been investing in crypto for more than 9 years, and I frequently update my list of the top platforms below. So if you’re looking for a safe and secure crypto exchange that’s easy to use, supports the Central African franc, and is compatible with the biggest financial institutions in Cameroon, you’ve come to the right place.
Here are my top picks for the best crypto exchanges Cameroon has to offer.
1. Capital – Best Overall
Capital allows users to trade crypto alongside stocks, commodities, forex, market indices, ETFs and more—all without any trading fees. It supports 100+ cryptocurrencies, and users can trade with 2x leverage on crypto (up to 500x leverage on other assets).
Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), making the overall cost of using the platform (0% trading commissions + 0.1% – 0.3% spreads) very low. It has a fully functional desktop platform, a well-rated mobile app (4.7/5 on Android and iOS), and an excellent demo account where you can practice trading with real assets in real-time.
Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is part of the reason Capital’s customer support team receives such positive reviews.
Deposits and withdrawals are always free with Capital, and you’ll never pay trading commissions regardless of whether you place spot orders or limit orders. Capital is ISO 27001 certified for meeting robust information security standards, making it an extremely safe platform to trade with.
The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now. If you sign up using my referral link, though, you can skip the waitlist and start trading immediately.
I’ve personally used Capital for more than 4 years, and based on my experiences and those of millions of other users, I can’t recommend it highly enough.
Features
Zero trading commissions
Tight spreads (0.1% – 0.3%)
Supports 100+ cryptocurrencies
Allows up to 500x leverage (2x leverage on crypto)
Fully functional demo account for paper trading
Free deposits and withdrawals via debit/credit cards, bank transfer, POLi, PayPal, Apple Pay, etc.
Dedicated account manager you can reach at any time
Excellent desktop trading platform
Well-rated mobile app (4.7/5 on both Apple and Google)
Licensed by the Australian Securities and Investments Commission (ASIC)
ISO 27001 certified for meeting extremely high information security standards
Cost
Trading fees: 0%
Spreads: 0.1% – 0.3%
Deposits & Withdrawals: Free
Signup Bonus
Skip the waitlist and have your account approved immediately by using my referral link.
Best For
Investors looking for the best overall crypto trading experience with no trading commissions.
2. Pursa
Pursa is different than most crypto exchanges on this list. It is a Cameroon-based peer-to-peer (P2p) cryptocurrency exchange that was founded in 2017 by Mbuh Jude, with the goal to release a fully decentralized trading platform. When you use Pursa you don’t make any deposit to the platform – you actually trade directly with the buyer.
Using this kind of platform has many benefits compared to regular exchanges; for starters, Pursa doesn’t charge deposit or withdrawal fees – you only pay spreads, which range from 1% – 3%, and there is no registration process. Transactions are completed instantly and anonymously and deposited directly to your wallet.
Pursa is supported in over 200 countries and has an attractive referral program: you can earn up to 20% of all sales your referee makes – with no limits. You can invite as many friends as you want. One major downside is that you can only trade Bitcoin using this platform.
Features
Supports (only) Bitcoin
No deposit or withdrawal fees
No registration needed
Instant Bitcoin deposits directly to your wallet
Completely anonymous
Attractive referral program (earn 20% of your referees’ sales)
Cost
Spreads: 1% – 3%
3. Paxful
Paxful is a New York-based cryptocurrency exchange that was first launched in 2015. Founders Ray Youssef and Artur Schaback had in mind an exchange that could bridge the gap and make crypto available for all kinds of investors. As of 2022 Paxful has over 6 million active users all around the world.
Paxful supports over 350 payment methods, making it one of the most accessible exchanges out there, and one of the top exchanges in the Southeast Asia region. Its biggest limitation is that it only supports 3 cryptocurrencies, BTC, ETH and USDT, but it makes up for it with very high liquidity and low fees.
For new investors, Paxful offers a learning platform called Paxful University, where beginners can learn all about crypto. For experienced investors, there’s a news section detailing all the major changes in the crypto market. All trades in Paxful are secured using an Escrow protocol. Read More...
