How to Buy Cryptocurrency in Botswana

Buying cryptocurrency in Botswana

Buying cryptocurrency in Botswana Botswana's geographical restraints did little to put a stop to local trading of BTC, regardless of the absence of a local cryptocurrency exchange. Bitcoin is legal in Botswana, but actually purchasing it is not an easy feat, as they're purchased on exchanges located outside the country or with in-wallet third party apps. Some natives went as far as crossing the border into South Africa in order to purchase cryptocurrencies, which shows their interest in the digital economy. The high final selling price of Bitcoin in Botswana is affected by the lack of a formal local trading platform that would help stabilize these prices. The Bank of Botswana has expressed its skepticism regarding cryptocurrencies, emphasizing the fact that it's impossible to transfer them into the local fiat unit since the Bank doesn't regulate them. However, the Bank's governor, Moses Pelaelo, didn't actually make an effort to prohibit or discourage the use of Bitcoin, allowing it to grow further
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Botswana. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below