How to Buy Cryptocurrency in Rwanda

Buying cryptocurrency in Rwanda

Buying cryptocurrency in Rwanda Despite the growing popularity of cryptocurrencies, certain governments are skeptical when it comes to accepting them as legal payment methods. Such attitudes are understandable, considering the volatile nature of cryptocurrencies and their long track records of illegal transactions and scams. This is also a major concern for Rwanda�s central bank. So, it�s only expected for Rwanda to investigate the details and benefits of developing a stable and regulated cryptocurrency. According to BNN Bloomberg�s report, the National Bank of Rwanda (NBR) is looking into research on digital currencies conducted by the Royal Bank of Canada, De Nederlandsche Bank (DNB) and the Monetary Authority of Singapore. Peace Masozera Uwase, the Financial Stability director-general, reportedly stated that conversion is a major concern for the central bank. Several months before this report, the central bank had issued a warning about cryptocurrency scams, listing several known scams within the country and providing investment protection tips.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Rwanda. 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

Open a Bybit Account

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.

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