How to Buy Cryptocurrency in Cape Verde
Buying cryptocurrency in Cape Verde
The 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
Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options