3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (2024)

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Buying bitcoin and cryptocurrencies in Zimbabwe

3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (1)

Buying bitcoin and other cryptocurrencies in Zimbabwe is a simple process and usually takes less than 10 minutes to get fully setup.

The first step is to register with a platform, app or exchange and complete a Know Your Customer (KYC) process.

3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (2)

The exchange you choose will be interoperable with most devices, desktop and mobile, and will allow you to withdraw to your own personal hardware wallet.

here are also several options available for buying and selling without verification on P2P exchanges, although they are much less user-friendly and are recommended for more advanced users.

Requirements to buy cryptocurrency in Zimbabwe

Before purchasing, there are a couple of important things you'll need to prepare:

  • A passport, national identity card, or driver’s to complete the KYC process.
  • A private and secure internet connection, public WiFi is not recommended as it may pose security problems.
  • A mobile phone to verify your identity using two-factor authentication (2FA).
  • A bank account or credit card you can use to make fiat currency deposits to purchase cryptocurrencies.
  • A crypto wallet to store your assets. Almost all exchanges will offer built-in wallets, but it is important to withdraw your crypto to your own personal cold wallet for optimal security.

Steps to Buy Cryptocurrency in Zimbabwe

1. Create an account with an exchange

Zimbabwe has 3 trusted exchanges available for you to sign up for, with the most popular being Kraken and Coinmama, which account for a combined 12,800,000 active users.

3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (3)3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (4)

Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies.

Exchanges will differ by fees, security, payment methods, and other features, so explore the "info" tab on the exchanges listed above to find which one is the right fit for you.

The platform you end up choosing will depend on your preferences and the cryptocurrencies and payment methods they support.

Also it's important to note that you can always sign up to other exchanges later.

2. Complete the KYC verification process

After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process. This is an unavoidable legal requirement for almost all exchanges in Zimbabwe.

To complete this step you will need your photo ID readily available to take pictures of both the front and back sides of the document.

In most cases your verification will be approved instantly and at most can take 1-2 days.

3. Make a fiat deposit

To begin buying bitcoin and other cryptocurrencies you will need to link a bank account or credit card to the exchange.

Some of the payment methods provided by Kraken and Coinmama are: Electronic Funds Transfer, Bank Transfer (SEPA), Wire Transfer.

Depending on the payment method, it could take anywhere from a couple of minutes to days for the funds to arrive at the exchange.

4. Buy cryptocurrency

3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (5)

Once your account has been funded, you are ready to buy your first bitcoin. It's important to note that you do not need to buy a full bitcoin.

Most exchanges will let you buy as little as a few dollars worth of bitcoin, or any other cryptocurrency.

5. Send your bitcoin to a personal wallet

3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (6)

Once you've purchased bitcoin or your cryptocurrency of choice it's important to withdraw it to your own secure personal wallet.

Leaving your coins on an exchange poses a security risk as many exchanges are targets for hackers to steal user funds. Storing your own coins on your personal hardware wallet mitigates that risk.

Frequently Asked Questions

?What is the best exchange to buy bitcoin from in Zimbabwe?

There are 3 trusted exchanges operating in Zimbabwe with the mostpopular being Kraken , Coinmama , and Changelly.

You can review each of these exchanges and find best exchange that works for you. Bitrawr ranksexchanges in Zimbabwe based on fees, users, and security while giving placement preferenceto exchanges located in Zimbabwe or specifically catering to users in Zimbabwe.

?Can you buy bitcoin anonymously in Zimbabwe?

Yes, you can buy bitcoin safely and anonymously by using P2P (Peer to peer) exchanges like Bisq, Paxful and LocalSwap.

?Can you buy bitcoin in Zimbabwe using debit or credit cards?

Most of the exchanges operating in Zimbabwe have debit/credit card payment optionsavailable. Remember that this requires completing KYC.

?Should I leave my bitcoin on an exchange after buying?

No! For complete custody of your Bitcoin or other cryptocurrencies it is recommended to store them in ahardware wallet as it keeps private keys safe and entirely offline.

?Can you buy bitcoin using cash in Zimbabwe?

Bitcoin ATMs are an excellent way to buy bitcoin using cash and offer little to no requirements forKYC. ATMs are commonly located inside of convenience stores, shops, restaurants, malls or airports. Findone near you using our ATM map.

?Can you buy bitcoin futures in Zimbabwe ?

Yes, popular Bitcoin futures exchanges like Binance, Bitmex, and Deribit enable users to long or short BTC with up to 100xleverage.

3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023) (2024)

FAQs

3 Best Exchanges To Buy Bitcoin in Zimbabwe (2023)? ›

There are 4 trusted exchanges operating in Zimbabwe with the most popular being Binance , Kraken , and OKX.

What is the best site to buy Bitcoin in Zimbabwe? ›

Bitmama is the best cryptocurrency trading platform to buy and sell bitcoin in zimbabwe using local currency in a secure way.

What are the top 3 crypto exchanges? ›

Currently, the 3 largest cryptocurrency exchanges are Binance, HTX, and OKX. Total tracked crypto exchange reserves currently stands at $197 Billion. Trust Score is a rating algorithm developed by CoinGecko to evaluate the legitimacy of an exchange's trading volume.

Which exchange is best for buying Bitcoin? ›

Best Crypto Exchanges and Apps of July 2024
  • Best for Low Fees and Best for Experienced Traders: Kraken.
  • Best for Beginners: Coinbase.
  • Best Mobile App: Crypto.com.
  • Best For Security: Gemini.
  • Best for Altcoins: BitMart.
  • Best for Bitcoin: Cash App.
  • Best Decentralized Exchange: Bisq.

How to buy bitcoins in Zimbabwe using EcoCash? ›

How to Buy Bitcoin with EcoCash
  1. Establish a NoOnes Account. Your initial step is to create an account on NoOnes and secure your free digital wallet. ...
  2. Set your Preferences and Explore Offers. ...
  3. Select an Offer. ...
  4. Initiate the Trade. ...
  5. Acquire your BTC.

How much is Zimbabwe currency to bitcoin? ›

1 ZWL = 0.000000047 BTC Jul 20, 2024 12:49 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

Can I use bitcoin in Zimbabwe? ›

The Reserve Bank of Zimbabwe has not authorised or licensed any person or entity or exchange for the issuance, sale, purchase, exchange or investment in any virtual currencies/coins/tokens in Zimbabwe.

Which bitcoin exchange is safest? ›

Kraken has been around for a while now, and is well known — and loved — by many crypto traders around the world. The exchange supports more than 230 cryptocurrencies and boasts arguably the safest digital ecosystem for trading your crypto.

Where is the safest place to buy Bitcoin? ›

Coinbase: Safest Way To Buy Bitcoin. Gemini: Best Bitcoin Exchange For All 50 States. Kraken: Most Established Bitcoin Exchange. Nexo: Best for Daily Payments.

Which exchange has the lowest fees in crypto? ›

Of all the crypto exchanges included in this list, Crypto.com has the lowest trading fees. Is Binance or Coinbase better? Whether Binance or Coinbase is better comes down to your personal preference. Arguably, Binance has lower trading fees and a better range of extra services.

What is the best currency to buy Bitcoin? ›

Top Fiat Currencies for Bitcoin Trades
  1. U.S. Dollar (USD) The American dollar currently ranked first on the list of fiat currencies trading Bitcoin, with 83.67% of the market share. ...
  2. 2. Japanese Yen (JPY) ...
  3. Korean Won (KRW) ...
  4. Euro (EUR)

What exchange holds the most Bitcoin? ›

Crypto exchanges are some of the companies holding the most Bitcoin, including:
  • Binance. Binance is the leading crypto exchange worldwide by trading volume, and it holds the most Bitcoin. ...
  • Coinbase. ...
  • Bitfinex. ...
  • Grayscale: Bitcoin Trust (GBTC) ...
  • BlackRock: iShares Bitcoin Trust (IBIT) ...
  • Fidelity: Wise Origin Bitcoin Fund (FBTC)
May 2, 2024

What is the easiest way to buy Bitcoin? ›

Visit a cryptocurrency exchange website. Create an account and verify your identity as required. Follow the website's instructions to buy your bitcoin (BTC) or other digital asset. Your bitcoin will appear in your exchange account.

Is Coinbase available in Zimbabwe? ›

Unfortunately, Coinbase does not open Crypto Trading accounts for residents in Zimbabwe.

Does yellow card work in Zimbabwe? ›

With active customers in Nigeria, Botswana, South Africa, and Zimbabwe and several million USD in monthly volume, Yellow Card is one of the largest crypto exchanges in the regions.

Is there any bitcoin machine in Zimbabwe? ›

As of April 2023, according to CoinATMRadar, there are only 27 Bitcoin ATMs in Africa. 21 in South Africa, 2 in Nigeria, 1 in Kenya, 1 in Djibouti, 1 in Botswana, and 1 in Zimbabwe.

Where is the best bitcoin purchase site? ›

Compare the best platforms to buy Bitcoin
OfferCommissions
CoinbaseTrading platform and crypto selection
Gemini ExchangeInvesting simplicity
RobinhoodDiversified investing needs
eToroSocially-driven investing
1 more row
Jun 23, 2024

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