How to Buy Cryptocurrency in Cote d Ivoire

Buying cryptocurrency in Cote d Ivoire

Buying cryptocurrency in Cote d IvoireAs one of the members of the UEMOA, otherwise known as the eight-country West African Economic and Monetary Union, the central bank of Cte d'Ivoire is also the Central Bank of West African States or BCEAO. Some earlier reports claim that the BCEAO were engaged in launching the regional digital currency, called the eCFA. In April 2017, such statements were denied by the BCEAO, claiming that they're currently not considering the option of creating such a currency in any of its counterparts. The government of Cte d'Ivoire is yet to make any kind of statement or to express its opinion regarding cryptocurrencies and the subject of their legality. Therefore, the country's attitude toward cryptocurrencies remains quite vague. However, blockchain technology was used in a project involving agriculture, more particularly the cocoa sector, in order to create a solution to fight fraud and encourage ethical production in Cte d'Ivoire
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Cote d Ivoire. 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

Bitfinex

Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.

Pros
  • Very low trading fees
  • Large range of coins and trading pairs
  • High liquidity
Cons
  • Slow account verification
  • Two major hacks
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Kucoin

Founded in 2017, KuCoin has already managed to establish itself as “The People’s Exchange.” With 200+ cryptocurrencies and more than 400 markets, it has become one of the hubs for cryptocurrency trading.

Pros
  • Vast selection of altcoins
  • Ability to stake & earn crypto yields
  • Robust security features
  • No forced KYC checks
Cons
  • No fiat currency deposits
  • Trading volume is low

Changelly

Changelly allows you to trade cryptocurrency without registration or verifying the identity through KYC. Being a non-custodial exchange, Changelly doesn’t require you to keep any deposits. The platform also works as a fiat-to-crypto gateway.

Pros
  • Non-custodial exchange
  • Great way to switch altcoins
  • Doesn’t require extensive KYC
  • 2FA security and high exchange limit
Cons
  • A high transaction fee of 0.5%
  • Unclear owners
  • Sometimes their service is quite slow
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