There are so many exchanges that are available for you in Cotonou; if you wish to start accumulating bitcoin as soon as possible.

But what you will find in this post is a list of “10 bitcoin exchanges in Cotonou” that are equal to none.

If you want to get the full review of the “10 best exchanges in Cotonou” then you must read this article till the end.

Ready to go? Let’s dive right in!

Post Summary

Let’s take a look at the sub-topics that I will be discussing in this post;

1. 10 Best Exchanges in Cotonou (Benin Republic)
2. Which is the Best?
3. Conclusion

Have a happy reading time!

10 Best Exchanges to Buy/Sell Bitcoin in Cotonou (Benin Republic)

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1. Localbitcoins

LocalBitcoins founded in 2012 by Jeremias Kangas has its headquarter in Finland.

It is the first P2P exchange and is one of the largest P2P bitcoin marketplaces in the world.

The company serves users from more than 240 countries including; Benin republic.

One of the reasons that this platform is good for you is that it allows you to buy bitcoin with your local currency using over 30 payment methods.

2. Paxful

Paxful  is one of the best exchanges where you can buy/sell bitcoin in Cotonou.

It is a P2P exchange that lets you buy and sell bitcoins using over 300 payment method.

It was founded in 2015 by Ray Youssef and Arthur Schaback and headquartered in the USA.

The exchange serves users from around the globe.

If you wish to buy bitcoin with e-currencies (Neteller, Paypal, Perfect money) or Gift Cards (Amazon, iTunes, Google, etc) then I will encourage you to use this exchange.

3. Pursa

Pursa is a peer-to-peer marketplace to buy and sell bitcoin using a wide range of payments methods.

The exchange is based in Cameroon and it was founded in 2017 by Mbuh Jude.

Pursa has a wonderful user interface that makes it easy for a newbie to navigate easily through the platform.

Moreover, it supports customer from everywhere in world.

4. Binance

Thinking of exchanging your Bitcoin for other crypto coins? Binance is the place to go.

Binance is the world’s largest cryptocurrency exchange by trade volume.

It was founded by Changpeng Zhao in 2017 yet its popularity and use case has been a force to reckon with.

This exchange offers a plethora of services and avails users the opportunity to buy bitcoins at a lesser transaction fee.

Binance supports the trade of over 400 cryptocurrencies in over 180 countries.

5. Coinbase

Coinbase is one of the oldest and biggest exchanges that you can find around the world.

It was founded by Brian Armstrong in 2012 as a broker exchange; however, it now offers a lot of trading services.

You can buy/sell in Coinbase using your local currency. Also, the exchange has a mobile app that makes transactions a lot easier.

This exchange is known for its offline storage and high-class security. Coinbase allows you to store as many crypto assets as possible.

6. Vertex

Vertex is a peer-to-peer marketplace for buying and selling cryptocurrencies with 25 payment methods.

The exchange was founded in 2018 by Alessandro Pecorelli, and it is headquartered in London.

Vertex is currently available in 200 countries, and about 1000 cryptocurrencies can be exchanged on this platform.

7. CEX.IO

CEX.IO is a multi-functional cryptocurrency exchange that was founded in 2013.

It first operated as a bitcoin exchange and as one of the popular cloud mining platforms to exist around 2014.

However, the services that this platform solely provides today focuses on the cryptocurrency exchange.

CEX.IO is trusted by millions of users. It is one of the best exchanges to buy bitcoins in Cotonou and the rest of the world.

This exchange is registered and licensed with FinCEN; an agency in the United State that safeguards public funds.

8. Changelly

Changelly is a non-custodial instant cryptocurrency exchange that was founded in 2015 by Minergate (a crypto mining pool).

It is an exchange that connects users to a third-party platform to provide them with the best experience for buying and exchanging cryptocurrencies seamlessly.

Changelly functioned as an exchange that aids users to swap their crypto for another; however, the exchange upgraded its services this year (2020).

The services added include; a Fiat-to-Crypto Marketplace; where users buy bitcoin and altcoins with 4 payment methods from different payment processors.

Changelly has also launched its trading platform dubbed Changelly Pro.

9. Bittrex

Bittrex is one of the very secure US based crypto exchange founded in 2013.

It is a crypto trading platform that allows you to trade crypto with both fiat and crypto.

Bittrex is well praised for providing a solid and fast exchange that supports over 400 cryptocurrencies and about 284 trading pairs.

Far from that, the team behind Bittrex has a wealth of knowledge and years of experience in the security and cybercriminal space.

Despite so many years of its existence, the exchange has not experienced any form of a security breach.

10. Spectrocoin

Spectrocoin is a UK based crypto exchange and payment gateway founded in 2013.

Although Spectrocoin launched as a crypto exchange, it soon began to upgrade its services a year later.

Currently, the exchange now provides; payment gateway services, mobile wallet app, cards, blockchain explorer etc.

It has also launched “Bankera” it’s own trading platform in 2018, where users can trade 8 cryptocurrencies with 7 trade pair.

Spectrocoin is one of the exchanges that can boast of an excellent review from its users on Trustpilot.

Moreover, its UI is very simple; users can easily navigate through the different services provided by the exchange.

Which is the Best?

Each of the exchanges that I gave you above is well-reputed, and all has its own unique feature.

If you want to know the best exchange to choose after reading this post, then, let’s look at these 6 factors together;

Factors to put into consideration before choosing a bitcoin exchange;

• Motive – Am I buying – to trade, store, or shop?
• The supported cryptocurrencies – does the exchange have the coin I want to buy?
• Payment Methods – Is the available payment method convenient for me?
• Fees – How much is the fee on this exchange when compared with other exchanges?
• Security and the Volume you would like to trade.
• Transaction Speed

From my perspective;

Pursa and Vertex should be your go-to exchange because it gives you the option of buying bitcoin and other cryptos with ( XOF, CFA).

Choosing either Spectrocoin or Coinbase is a good option too because they allow you to buy and store a bulk of bitcoin without difficulty.

Nonetheless, going for any of these exchanges; Binance, Changelly, CEX.IO and Bittrex is perfect if you want to perform advanced trading.

But if you want to sell/buy bitcoins for e-currencies like Neteller, Paypal, etc. you should then go for Paxful or LocalBitcoins.

If this is clearly understood, let’s go to the next section and wrap up this review.

Conclusion

I have come to the end of this review. I hope you enjoyed it?

Now I will like to hear from you.

Which of these exchange will you sign up with?

Have you been using any of these exchanges – what is your experience so far?

Are there other exchanges that you think I missed out?

Put down your comments below and please do share this post by clicking on the share buttons.

Cheers!

PS: If you want to learn how to trade cryptocurrencies profitably, then enroll for our Crypto Trading Mastery Course by going to www.ctmastery.com. You can also join our Telegram community at https://t.me/ctmastery

Also read;

• The Best 10 Exchanges to Buy Bitcoin in South Africa
• 10 Best Exchanges to Buy Bitcoin in Uganda (2020)
• Top 10 Exchanges To Buy Bitcoin in Nigeria (2020)
• 10 Best Exchanges To Buy/Sell Bitcoin in Ghana (2020)
• 10 Best Exchanges to Buy Bitcoin in Cameroon (2020)