In this guide, we explore the top cryptocurrency exchanges tailored for African users, focusing on low fees, local support, and market-specific features. Whether you're a beginner or an experienced trader, choosing the right platform is crucial for a seamless crypto trading experience in Africa.
Key Features of Top Crypto Exchanges for Africa
| Platform | Key Highlights |
|---|---|
| Binance | Largest exchange by volume, low fees (0.10%), supports NGN/ZAR/KES. |
| Poloniex | Altcoin-focused, 0.125% maker fees, P2P trading. |
| ChainEX | South African-based, 0% maker fees, ZAR support. |
| Paxful | P2P platform, 1% seller fee, 300+ payment methods. |
| Luno | Beginner-friendly, 0% maker fees, supports NGN/ZAR/UGX. |
| Remitano | Escrow-protected P2P, 1% seller fee, local currency support. |
| Kraken | High security, 0.16% maker fees, available in Nigeria/Kenya. |
| SwissBorg | Premium membership perks, 1.49% standard fee. |
| Crypto.com | Visa card rewards, 0.075% fees, staking options. |
| Bitget | Futures trading (0.02% maker fees), BGB token discounts. |
1. Binance
Best for liquidity and versatility
- Fees: 0.10% spot trading, discounts with BNB.
- Local Support: NGN, ZAR, KES deposits.
- Features: Spot/futures trading, P2P, savings.
👉 Explore Binance’s African market tools
2. Poloniex
Top for altcoin traders
- Fees: 0.125% maker, 0.25% taker.
- Local Support: Limited fiat onramps.
- Features: Margin trading, lending.
3. ChainEX
South Africa’s leading exchange
- Fees: 0% maker, 0.25% taker.
- Local Support: ZAR bank transfers.
- Features: Futures trading, mobile app.
4. Paxful
Best P2P platform
- Fees: 1% seller fee, free for buyers.
- Local Support: M-Pesa, Chipper Cash.
- Features: Escrow, gift card trading.
5. Luno
Ideal for beginners
- Fees: 0% maker, 0.10% taker.
- Local Support: NGN/ZAR/UGX.
- Features: Recurring buys, savings.
FAQs
Q: Which exchange has the lowest fees in Africa?
A: Binance and ChainEX offer 0% maker fees, while Bitget provides 0.02% for futures.
Q: Can I trade with local currencies?
A: Yes! Binance (NGN/ZAR), Luno (UGX), and Paxful support African fiat.
Q: Is P2P trading safe?
A: Platforms like Paxful and Remitano use escrow to secure transactions.
👉 Compare all exchanges side-by-side
Conclusion
For low fees and local support, Binance and Luno excel. Paxful dominates P2P, while Bitget suits futures traders. Prioritize platforms with robust African currency support and security features.
Last updated: June 2024