Does Africa buy and sell of Crypto on the increase?

[gabbie2010]

Bircoin is penetrating into African market gradually there are lot of Africans that trade bitcoin using localbitcoin although awareness about bitcoin has been at the lowest ebb due to lack of basic infrastructure  especially electricity meanwhile most African leaders had kicked against crytos by making announcement through their respective central bank official nevertheless bitcoin has come to stay and more Africans will adopt it for daily needs.

[timmydakolo2]

I think Africans are embracing the crypto market really good because i see lots of push for the crypto market in the area
and people really using it to create more market opportunities for the region.

Do you think there is a reason why Africans really strong play for crypto market?

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tell me what you think

Cryptocurrency is something many countries are taking part in today, I could remember when some countries was against it, now Africa is definitely don't want to slide behind the trend because Cryptocurrency is really making its way in the community.

[fibrolit]

In Africa,in many countries,as well as in Asia, there is a very high level of inflation and low confidence in national currencies. It is not surprising that people are trying to go into cryptocurrency.

[maxreish]

I remembered China also have a numerous trader and investors, not only in Africa. Though, we can noy deny tbe fact that they have also a contribution when buying and selling bitcoin and other crypto coins, but the effect of price may increase or decrease because of the whales that arr residing not only in Africa but in some other countries.

[doycku]

I remembered China also have a numerous trader and investors, not only in Africa. Though, we can noy deny tbe fact that they have also a contribution when buying and selling bitcoin and other crypto coins, but the effect of price may increase or decrease because of the whales that arr residing not only in Africa but in some other countries.

The fact is that over the past year I have several times observed quite good projects that were originally from Africa and identified in Eastern states. Thus, I believe that the influence of cryptocurrency applies to all categories of countries. Well, including any wealth. But I want to say that in the fraud and in the bad development of the project, these strange have not yet been noticed.

[Bitcoin_Arena]

The focus shouldn't be only on Africa.
How about South America? In Countries like Cambodia, Panama? I think we need all of them to get aboard
We have lots of countries in Asia and even some parts of Europe where using crypto is still a dream to come true.

[Lpim01]

The focus shouldn't be only on Africa.
How about South America? In Countries like Cambodia, Panama? I think we need all of them to get aboard
We have lots of countries in Asia and even some parts of Europe where using crypto is still a dream to come true.

Yes, a lot of countries adopting crypto and used blockchain technology and knowing Africa's financial capabilities of their people it may a hindrance to adopt the system. In some cases that their people won't be able to take part of this cause they'll be not their priority. Though they'll have desired to invest in crypto but they have that lack of financial support and also lack of knowledge.

[Bitcoin_Arena]

Yes, a lot of countries adopting crypto and used blockchain technology and knowing Africa's financial capabilities of their people it may a hindrance to adopt the system. In some cases that their people won't be able to take part of this cause they'll be not their priority. Though they'll have desired to invest in crypto but they have that lack of financial support and also lack of knowledge.

One does not need financial support to join the crypto movement. All one has to do is start using cryptocurrencies for services and stop over relaying on fiat.
For example one can open a restaurant to accepts cryptocurrencies as payment too. When customers come, they pay you in cryptos too.

But the major challenge is sensitizing people in remote areas about how the blockchain and cryptocurrencies work. I still feel the whole idea is very technical for a layman to understand and use.

[richminded]

In Africa,in many countries,as well as in Asia, there is a very high level of inflation and low confidence in national currencies. It is not surprising that people are trying to go into cryptocurrency.

That can be a good reason to buy aside from the profit that we can get. We know African is not good in terms of financially so people there are trying to be more resourceful, and cryptocurrency is one of their choice. For sure they are investing since its not illegal to own great coins, that’s the best decision for them.

[hipSter]

Lets speak honestly. Africa has never been a place of innovations (at least last thousand of years). And at the age of globalization it finally gets the same possibility to make some innovations as western countries have.
So it'd better not to miss this chance.

[crzy]

Lets speak honestly. Africa has never been a place of innovations (at least last thousand of years). And at the age of globalization it finally gets the same possibility to make some innovations as western countries have.
So it'd better not to miss this chance.

I agree on this one even on their cities we can’t see any new technologies aside from the big businesses their, so its really good for their people to fully adopt cryptocurrency and accept the change this is the only way for them to be better. If they will not adopt right now, there might be no other way for them to grow.

[omonuyak]

At remitano were I trade I do see alot of daily increases in cryptocurrencies activities from Africa. I think many people from Africa are becoming aware of bitcoin and blockchain technology and there are really investing in it.

[prtty2gal2]

At remitano were I trade I do see alot of daily increases in cryptocurrencies activities from Africa. I think many people from Africa are becoming aware of bitcoin and blockchain technology and there are really investing in it.

Africans are really adopting cryptocurrency and using it a lot, most of the I.T guys in these countries are all aware of it and already broadcasting it to one or two people too. I have lots of friends in Nigeria, Ghana and Benin republic and virtually all of them have either invested in bitcoin or trading with it.

I learnt their bankers too are making lots of investment in cryptocurrency, though majority of their government and central bank are still strongly against the use of cryptocurrency believing it is a scam like one money doubling ponzi investment that really dealt with them, I think they called it MMM.

[Harlot]

Same reason as what people usually do in the crypto maket, they are here because they also want to make money just like what Koreams and Japanese people are doing they see that the risk to reward ratio is good and unlike other markets the assets in the crypto market are more affordable. Its really not about a matter of race as one way or another all countries will discover the crypto market.

[Xenrise]

I think Africans are embracing the crypto market really good because i see lots of push for the crypto market in the area
and people really using it to create more market opportunities for the region.

I believe so that more people are becoming more cryptocurrency literate nowadays and we're adding in numbers. The population of us cryptocurrency users are increasing everyday.

Do you think there is a reason why Africans really strong play for crypto market?

I think the whole world is playing its part for the stronger crypto market for the future.

for the otc buy and sell for BTC ETH EOS USDT I use otc.hbg.com it has 0% commission on all trades on the platform.

How can the platform gets commission if they are not pricing the trades?

[Supercrypt]

One thing I know so well about Africans is that the people are so fast to embrace new technologies even if the government of their countries are not in support of it, this is why I won't be surprised if we have a lot of Africans involved in crypto trading.
I have heard a lot of information about a country called Nigeria in Africa as the 3rd largest crypto traders in the world, though I don't know if this news is true because I am not from that part of the world but am just trying to make a point.

[Sonu_titu]

I think Africans are embracing the crypto market really good because i see lots of push for the crypto market in the area
and people really using it to create more market opportunities for the region.

Do you think there is a reason why Africans really strong play for crypto market?

Bitcoin in embraced my almost everyone and currently there are many places in Africa where payment are recieved in Crypto that me be one of the reason why more africans are getting into crypto.

for the otc buy and sell for BTC ETH EOS USDT I use otc.hbg.com it has 0% commission on all trades on the platform.

There are many more exchanges where you can trade 450+ altcoins. Few are Changelly, CoinSwitch, Shapeshift etc., 

[Mpamaegbu]

How did you find that? Or you just saying that because of trading platform?

Maybe there are crypto adoption but I don't think it causes the prices to increase.

I think it's a way to have more visits to that certain exchange/trading platform that the OP is including.

I hope the OP could provide a news source or something factual that could correlate to his conclusions. I'm just curious also to what extent is Africa capable of usage of crypto, I think with the majority of 35% of internet users, I think they could really apply cryptocurrency as a form of payment. The real application begins.

https://www.internetworldstats.com/stats1.htm

The OP isn't just bush-talking, it's a fact that the demand and use of cryptocurrency is on the rise in Africa. I belong to several cryptocurrency groups populated by Africans and I know how daily increase we have in members flooding these groups. Although that number dropped middle of 2018, it has picked up again now. And of course, demand sets the pace for price determination and increase. The more people use cryptocurrency, the higher price goes. That was what happened in 2017 where almost all the cryptos recorded ATH.

[niteroy]

In the African region, there are more people who simply invest in Bitcoin and Ethereum, after which they keep their coins. Trading is not very developed, more investment, because in order to trade you need to have knowledge and experience, which is not enough for people there.

[crwth]

The OP isn't just bush-talking, it's a fact that the demand and use of cryptocurrency is on the rise in Africa. I belong to several cryptocurrency groups populated by Africans and I know how daily increase we have in members flooding these groups. Although that number dropped middle of 2018, it has picked up again now. And of course, demand sets the pace for price determination and increase. The more people use cryptocurrency, the higher price goes. That was what happened in 2017 where almost all the cryptos recorded ATH.

I hope so. I think that it could really help the people in Africa and having internet connection towards the whole country would be beneficial for them. I don't know if they already have but with the things I have seen, the eyes are opening by the people. They are going to be part of something great if they continue to use crypto.