How to Buy Cryptocurrency in Cape Verde

Buying cryptocurrency in Cape Verde

Buying cryptocurrency in Cape VerdeThe Bank of Cape Verde hasn't made any form of statement or expressed its official opinion on cryptocurrencies and blockchain technology related businesses and services, as well as their legal status. As a matter of fact, neither has the Government of Cape Verde. Regarding the actual use of Bitcoin or any other form of cryptocurrency in this country, not much is known. Contrary to a moderately high rate of fixed Internet penetration, reaching almost 50%, along with the fact that the Cape Verdean currency, known as Escudo, has been devalued for over 20% in relation to USD in the past ten years, the local population of Cape Verde doesn't seem too thrilled or particularly invested in any sort of cryptocurrency business. But as more new digital assets start to emerge, slowly becoming more popular with investors all around the globe, the situation is most likely to change for the better
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Cape Verde. 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

eToro

An Israeli fintech startup well known as a social trading broker, eToro has now over 10 million users worldwide. If you want to trade CFDs of most popular stocks, gold, shares or commodities as well as some crypto eToro is an interesting choice.

Pros
  • Fully regulated financial institution
  • Free stock and ETF trading
  • Ability to follow expert traders
Cons
  • Fees (spreads) are high
  • Only USD as base currency
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