Get 3 TOP exchanges in Rwanda were you can Buy and Sell bitcoin in security
BUYBIT
Bybit, founded in 2018, has rapidly become one of the world’s most popular cryptocurrency exchanges. With over 15 million users across 160 countries
BINANCE
With over 205 million users, Binance is the most widely used Bitcoin exchange in Rwanda. It's very simple to use and lets you purchase and sell Bitcoin with a variety of payment options.
KRAKEN
Another trustworthy exchange with millions of users worldwide is Kraken. It provides a large selection of cryptocurrencies, including Bitcoin, and is simple to use.
Buying Cryptocurrency in Republic of Rwanda Today
There are a few crucial things you should do before making the purchase:
To finish the KYC process, present a passport, national identity card, or driver's license.
While public WiFi can't provide a private and secure internet connection, it is not advised to use due to potential security risks.
A smartphone to use two-factor authentication (2FA) to confirm your identity.
A credit card or bank account with which you can fund your cryptocurrency purchases with fiat money. Or you can also use lokal currency to buy und sell in case of P2P Binance. Some Exchanges accept mobile money.
A cryptocurrency wallet to hold your holdings.
Although almost all exchanges come with built-in wallets, for maximum protection, you should withdraw your cryptocurrency to a cold wallet of your own.
How to Purchase Bitcoin in Republic of Rwanda
1. Register for an exchange account
You can register for any of the three reliable exchanges offered in Rwanda, the most well-liked ones being Kraken and Binance.
Both exchanges are thought to be user-friendly for beginners and provide a range of cryptocurrency options along with several deposit options.
Examine the "info" tab on the exchanges mentioned above to determine which one is the best fit for you. Exchanges vary in terms of costs, security, payment options, and other features.
Your final decision regarding the platform will be based on your preferences as well as the cryptocurrencies and payment methods that it accepts.
It's also crucial to remember that you can always register for additional exchanges at a later time.
2. Finish the procedure of KYC verification
As part of the Know Your Customer (KYC) procedure, you will be required to authenticate your identity and address after registering with an exchange. Nearly all exchanges in Rwanda are legally required to comply with this rule.
You must have your photo ID on hand in order to take images of the document's front and back in order to finish this stage.
Your verification will typically be accepted right away; it might take as little as one or two days at most.
3. Deposit fiat money
You must link a bank account, credit card, or your mobile number to the exchange in order to start purchasing bitcoin and other cryptocurrencies.
Binance, Buybit and Kraken accept a number of payment methods, including bank account, debit card, credit card, Airtel money and wire transfer.
The time it takes for the money to reach the exchange could range from a few minutes to several days, depending on the method of payment.
4. By Bitcoin
When the funds in your account are available, you can purchase your first bitcoin. It's crucial to remember that purchasing an entire bitcoin is not necessary.
You may purchase bitcoin or any other cryptocurrency for as low as a few dollars on the majority of exchanges.
Frequently Asked Questions: Buying Bitcoin in Rwanda
%20(38).png)
.png)
