How To Buy Bitcoin in Zambia?
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Easiest and cheapest ways to buy crypto in 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.
Binance
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 from Hong Kong and now from the small European island of Malta, this exchange was founded in July 2017, and it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).
More info +
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
Not accessible to U.S. users
Hacked in 2019
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)
Supports only BTC
Kraken
Ease of Use – Easy Fees – Average Verification – 2-3 Days Reputation – Trusted Supported fiat – USD, EUR, GBP, JPY, CAD
Kraken is one of the largest cryptocurrency exchanges. It has been around for a very long time since it was launched back in 2011. In fact, Kraken is a part of crypto exchanges “big three” alongside Binance and Coinbase. It has millions of users around the world with strategic investors and the international market behind it.
More info +
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.
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Albania?
- How To Buy Bitcoin in Bangladesh?
- How To Buy Bitcoin in Jamaica?
- How To Buy Bitcoin in Kenya?
Coinbase
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.
More info +
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
No future or margin trading
Fees are fairly high
Luno
Ease of Use – Medium Fees – Average Verification – 2-3 days Reputation – Trusted Supported fiat – EUR, IDR, MYR, NGN, ZAR, ZMW, USD
Previously known as BitX, Luno was founded in 2013 in South Africa.
More info +
Deposit fees:
Fees vary by currency Withdrawal fees:
Fees vary by payment method Trading fees:
0.20% Payment Methods:
Bank Transfer (SEPA), Credit Card, Debit Card, Cash Electronic Funds Transfer, Interbank GIRO, Interbank Funds Transfer Supported fiat:
EUR, IDR, MYR, NGN, ZAR, ZMW, USD
Beginner-friendly crypto trading
Offers interest on crypto savings
Secure storage
Not available for U.S. customers
Small selection of cryptocurrencies
Coinbase
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.
More info +
Deposit fees:
0 – 3.99 % Withdrawal fees:
0 – 3 % Trading fees:
0 – 0.25 % Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments Supported fiat:
USD, EUR, GBP, RUB
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
You can use Ledger Nano X when it comes to hardware wallets, and Coinbase Wallet when it comes to non-custodial wallets.
1. Go to the App Store (iOS) or Google Play store (Android).
2. Search and download Coinomi.
3. Open the app and write down your 24-words recovery phrase. …
4. Set a strong password.
5. Add bitcoin to your wallet.
6. Use your receiving address to receive bitcoin.
Yes, Luno is available 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.
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.
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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