Skip to main content


With the growing awareness around Africa of bitcoin as a crypto-currency, a means of remittance and a creator of wealth, more and more people in more and more countries are looking to buy it, and asking how and where they can buy it.
Purchasing bitcoin is simple. Simply go online and do a search for “Buying and selling bitcoin in South Africa ““Buying and selling bitcoin in Kenya “Buying and selling bitcoin in Uganda ““Buying and selling bitcoin in Nigeria “ or “Buying and selling bitcoin in Ghana“ – you get the idea. 
To help you though: 
In South Africa, three of the most common (and trusted) platforms are:
In Kenya, the most common (and trusted) platforms) are:
whilst other platforms include:
In Uganda, the most common (and trusted) platforms) are:
whilst other platforms include:
 In Nigeria, the most common (and trusted) platforms) are:
whilst other platforms include:
In Ghana, the most common (and trusted) platforms) are:
whilst other platforms include:
It’s important that you do your own research, and that you buy on a platform that you’re comfortable with. The platforms listed here are a list of platforms, no more than this.
Before buying bitcoin, you need to open a free account on your choice of platform. By opening an account, you create a bitcoin wallet. You then place an order with one of the traders on the platform. Once you have paid the trader, and uploaded a proof of payment, the corresponding amount of bitcoin is sent to your bitcoin wallet. This is really how simple it is. 
The choice as to what to do with your bitcoin is then up to you.  
You could use the crypto-currency to buy goods or services (by sending BTC from your bitcoin wallet to another bitcoin wallet), you could order a Xapo (VISA) card, load your bitcoin onto it and pay for your groceries at Pick n Pay or Woolworths (in South Africa at least) or you could leave it in your wallet for a rainy day – in the hope that the price of bitcoin will increase. (In all likelihood, it will. A year ago, bitcoin was around US$350. Today, it’s over US$1 000 – so the trend is upwards for sure, although there are sure to be downward movements in price before heading higher..)
If there is one drawback to buying bitcoin from an online platform, it’s this:  
if you were to buy one bitcoin on eg you would, after a year, two years or five years, still only have one bitcoin. You would score through the price of bitcoin going up, but you would still only have one bitcoin.
(A better option would be to buy a mining contract through which bitcoin mining is done on your behalf. This would increase the number of bitcoin you hold, but more about this in a subsequent article…). The important thing is that you buy bitcoin as soon as possible. It’s a sure first step to wealth creation….in my opinion, anyway. 


Popular posts from this blog

Duncan Logan just tweeted that he's on board Electroneum

I have been a buyer and holder of bitcoin and Etherreum for a long time but this will be the first ICO I buy into--Duncan Logan.

What is Electroneum?

Electroneum (ETN) is a cryptocurrency that can be mined with a smartphone, requiring almost no technical knowledge or prior experience. This sets it apart from other cryptocurrencies (like Bitcoin) which require expensive hardware and technical know-how to mine.
Electroneum’s unique mobile mining experience allows anyone with a smartphone to earn ETN coins by letting the miner app run in the background.
It was designed specifically with mobile users in mind, thereby appealing to a potential market of 2.2 billion smartphone users around the world. Unlike other cryptocurrencies, Electroneum has a user-friendly, beginner-oriented interface that allows users to seamlessly transfer ETN coins between one another, check their balances, and mine coins.
Being a cryptocurrency, Electroneum is created, held, and spent electronically, and has no phy…

Police Bust Alleged $13 Million Crypto Pyramid Scheme

Police in China's northwestern city of Xi'An have arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that allegedly amassed 86 million yuan ($13 million) from over 13,000 people.
According to a report from local media source Huashang News, Wednesday, the scheme launched in March 28 this year after months in preparation by a primary suspect who has has the surname Zheng, as well as three other accomplices.
The report cited an investigation from the police who said the scheme used a cryptocurrency called Da Tang Coin (DTC) that is linked to DTC Holding - a firm under the suspect's control and registered in Hong Kong - to allegedly hoax potential members of the pyramid scheme.
In various promotional events in multiple cities in the country, the scheme claimed that new members can make 80,000 yuan (roughly $13,000) per day with an initial investment of $480,000 to purchase the DBTC at $0.50 per token, according to the report.
These promises of high r…

Is Bitcoin Legal?

Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it. Bitcoin has proven to be a contentious issue for regulators and law enforcers, both of which have targeted the digital currency in an attempt to control its use. We are still early on in the game, and many legal authorities are still struggling to understand the cryptocurrency, let alone make laws around it. Amid all this uncertainty, one question stands out: is bitcoin legal? The answer is, yes, depending on what you’re doing with it. Read on for our guide to the complex legal landscape surrounding bitcoin. Most of the discussion concerns the US, where many of the legal dramas are currently playing out. Alternatively, you can access our comprehensive Regulation Report for worldwide expert …