How to Buy Cryptocurrency in Ethiopia
Buying cryptocurrency in Ethiopia
As far as cryptocurrency regulation goes, Ethiopia’s regulators are yet to make their opinion of them public. Despite this, various experts gathered in Addis Ababa in order to review a new version of the UN Economic Commission for Africa (UNECA) report in November 2017. This report aspires to explore circumstances for use of blockchain technology in Africa. Of course, like with any new form of technology, blockchain is facing various barriers and obstacles that need to be understood and overcome in order for Africa to take advantage. East African Ethiopia is one of the latest nations to show interest in Blockchain technology. Thanks to the state’s signing of a memorandum of understanding (MOU) with a cryptocurrency startup Cardano, Blockchain technology will be utilized in agriculture. Furthermore, Cardano’s CEO, Charles Hoskinson, announced via Twitter that thismove will also focus on offering and providing training for developers on how to use Blockchain.
As of 20/03/2021
These exchanges all accept customers from Ethiopia. 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
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 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