10 Best Exchanges to Buy Bitcoin in Uganda (2020)

This post is for all the crypto lovers in Uganda! I will be showing the top 10 best platform to buy bitcoin in Uganda

Ugandans are presently dipped in the world of crypto. In fact, there has been an exponential day-to-day user growth of bitcoin in the country.

I curated a neatly-filtered list of 10 best exchanges in Uganda.

The list comprises the names of well reputable Bitcoin exchanges across the world.

So, if you are ready…let’s go find this list


Post Summary

This post will be summarized in the sub-headings below;

  1. 10 Best Exchanges in Uganda
  2. Which is the Best?
  3. The State of Bitcoin in Uganda
  4. Conclusion

Now, let’s get to the main business.


10 Best Bitcoin Exchanges in Uganda

I did a review of more than 20 Bitcoin exchanges in Uganda to come up with this list.

The list is not arranged in a particular order.

Binance
Binance
4.9 Star Rating
Luno
luno
4.9 Star Rating
Coinbase
4.9 Star Rating
Remitano
Remitano Logo
4.9 Star Rating
Paxful
PAXFUL
4.6 Star Rating
Localbitcoin
LocalBitcoins
4.5 Star Rating
Huobi
HUOBI LOGO
4.8 Star Rating
Coming Soon
Kraken
Kraken Logo
4.8 Star Rating
Coming Soon
Okcoin
OKcoin
4.9 Star Rating
Coming Soon
Bitpesa
Bitpesa
4.5 Star Rating
Coming Soon
Visit Site

Now…legoooo!

1. Luno

Luno was founded in Singapore in 2013 as Bitx but rebranded to Luno in 2017, when the company’s popularity grew exponentially.

The exchange, when compared with other bitcoin exchanges, has the best friendly user- interface.

If you are a crypto lover in Uganda but still new to the world of crypto, then, you must make your first crypto purchase from Luno.

Exchange TypeBroker & Trading
Services– Trading Platform
– Instant Buy and Sell
– Wallet
Payment Methods– For Uganda:
Bank Transfer
– Other users:
Dependent on your country
Supported Fiat– Ugandan Shillings (UGX)
– South African Rand (ZAR)
– Nigeria Naira (NGN)
– Zambian Kwacha (ZMW) +5
Supported CryptosBTC, BCH, ETH, LTC, XRP
Fees– Maker Fee…………….0.00%
– Taker Fee……………..0.15 – 0.25%
– Deposit Fee………… 0.00%
– Withdrawal Fee……UGX 2,000.00
Read ReviewVisit Website

2. Binance

Binance is a good exchange to buy bitcoin in Uganda.

As at the time of this post, it is the largest crypto exchange in the entire world by trade volume.

Binance offers a lot of services with a plethora of tokens.

The sole owner of this exchange is a young man known as Changpeng Zhao.

He founded this exchange in the year 2017 but the popularity of this exchange has since then grown like a wildfire.

On June 28, 2018, Binance extended its footprint to Africa and established Binance Uganda as an arm of Binance and listed the Ugandan Shillings (UGX) on its exchange.

Ever since then, Ugandans can now buy BTC, ETH, BNB and five other cryptos.

Exchange TypeBroker & Trading
ServicesOver 10 services
including; 
– Instant Buy/Sell
– P2P
– OTC Trading
– Trust Wallet
Payment Methods Bank Transfer
– Credit/Debit card
– All supported cryptos
Supported Fiat– UGX
– ZAR
– NGN and 51 0thers
Supported CryptoOver 100 cryptocurrencies
including;
– BTC, ETH, XRP,
– MTL,BNB,LTC,BCH etc.
FeesTrading fees – 0.1%
Read ReviewOfficial Website

3. Coinbase

Coinbase logo

Coinbase is a fully regulated and licensed crypto exchange located in San Francisco.

It is one of the oldest and biggest bitcoin broker in the World.

The exchange started up in 2012; providing only brokerage services but added additional services like Coinbase Pro, etc. some years later.

Exchange TypeBroker
Services– Buy/Sell
– Coinbase Pro
– Coinbase Prime
– Wallet
– Commerce
– Coinbase Earn
Payment Methods– For Ugandans:
Credit/Debit Card
– Other Users:
Dependent on your country
Supported CryptoOver 10 cryptocurrencies
including;
– BTC, ETH, XRP, BCH,
– EOS, XLM, TXZ, USDC etc.
FeesBuy/Sell Fee
Spread – 0.50
Coinbase Fee: $0.99 – $2.99
Read ReviewVisit Website

4. Remitano

Remitano is a peer-to-peer exchange with a wonderful user interface.

it is the safest peer-to-peer exchange anyone can trade bitcoin when compared to other peer-to-peer exchanges.

This exchange was founded in 2016 and it is currently used by 58 countries.

Exchange TypeP2P
Services– Wallet
– P2P
– Invest
Payment Methods– Mobile Money Transfer
– Bank Transfer
– Other users;
(dependent on country)
Supported FiatSupports over 25 fiats
Supported Cryptos– For P2P
Over 5 cryptos including;
BTC, ETH, LTC, XRP etc
– For Invest
Over 5 cryptos including;
EOS, BNB, ADA, TZX etc.
FeesMaker fee……..1%
Taker fee………0.00%
Read ReviewVisit Site

Moving on to the fifth name on the list!

5. Paxful

Paxful

Paxful is peer-to-peer crypto exchange founded in 2015 by Ray Youssef and Arthur Schabacks.

It allows buyers from different parts of the world to connect to multiple sellers using over 300 payment methods.

Paxful is being regarded as the ‘Uber of Bitcoin’ because of the ease it brings to the purchase and sales of BTC.

Exchange TypeP2P
Services– P2P Exchange
– Wallet and others
Payment MethodsOver 300 payment methods
including;
– Giftcards
– Bank transfer,
– Debit/Credit Card etc.
Supported FiatAny fiat currency
Supported CryptoBitcoin
Fees– Sell Bitcoin……..0.5%——3%
– Buy Bitcoin……..0%
Read ReviewOfficial Website

6. Localbitcoins


Localbitcoins is another good exchange that you can buy bitcoin of any amount using about 30 payment methods.

Founded in 2012; is a peer to peer exchange just like Remitano and Paxful.

LocalBitcoins is the greatest rivalry of Paxful and has about 500 payment methods available.

Exchange TypeP2P (OTC)
ServicesBuy/Sell Bitcoin
Payment MethodsOver 25 payment methods
including;
– Bank Transfer
– Moneygram
– Neteller etc.
Supported FiatOver 150 fiat currencies
including;
– ZAR
– UGX
– AUD
– CAD, etc
Supported CryptoBitcoin
Fees0.5%-1%
Read ReviewOfficial Website

7. Huobi

Huobi is a crypto exchange founded in 2013.

As at the time of this post, it ranks 2nd in the list of “Top Cryptocurrency Spot Exchanges” by Coinmarketcap.

More so, the exchange provides you with a handful of services and makes it very easy for you to navigate through its platform.

Find other Huobi features in the table below;

Exchange TypeTrading Platform
Services– Buy Crypto
(Buy/Sell,P2P Market)
– Spot Trading
– Derivatives
– Wealth Management
Payment MethodsOver 10 payment
methods including;
– PayNow
– Alipay
– Western Union etc.
Supported Fiat– USD
-EUR
Supported CryptoOver 50 cryptos,
Fees– Spot Fee
Maker: 0.2%….0.0097%
Taker: 0.2%…..0.0193%
Click here to view others.
Review Coming SoonVisit Site

8. Kraken

Kraken, Crypto Exchange in Uganda

Kraken is a crypto exchange founded by Jesse Powell in 2011 and is based in San Francisco, US.

The exchange is one of the oldest bitcoin exchanges that is secure, reliable.

It is popularly known as the exchange with the highest Euro trading volume.

Kraken has a very strong support system and is very cautious of its user’s security.

However, unlike the traditional exchanges, Kraken only offers advanced trading features for crypto experts.

Exchange TypeTrading Platform
Services– Funding Options
– Margin Trading
– Staking
– OTC
Payment MethodsWorldwide – Swift
Supported FiatUSD, CAD, EUR, JPY
Supported Cryptos34 Cryptocurrencies
including;
BTC, BCH, ADA,
ETH, DAI etc.
FeesMaker Fee: 0.16%…0.00%

9. OKCoin

OKcoin, Crypto Exchange in Uganda

OKCoin is a global crypto exchange that was founded by Star Xu; who happens also to be the owner of a solid reputable exchange OKEX.

This exchange was founded in 2013 in Beijing, China but it is currently headquartered in San Francisco.

OKCoin allows you to swap two fiat currencies for over 15 cryptocurrencies.

The platform is tested and trusted by millions of users. it uses an anti-fraud technology to secure users’ accounts and funds from hackers.

Whether as a beginner or expert, this exchange provides you with a simple and easy experience in the crypto trading.

Exchange TypeTrading Platform
Services– Spot Trading
– Margin Trading
Payment MethodsBank Transfer, Fastpay etc
Supported FiatUSD, EUR.
Supported CryptosOver 15 cryptocurrencies
including;
BTC, LTC, ETH, etc
FeesMaker fee….0.10%….0.01%
Taker fee…..0.20%….0.03%
Read ReviewVisit Website

10. Bitpesa

Bitpesa, A Crypto Exchange in Uganda

Bitpesa is one of the popular crypto exchanges to buy bitcoin in Uganda.

The company was founded by Elizabeth Rossiello in 2013.

This platform happens to be the first blockchain company to be licensed by the UK’s Financial Conduct Authority.

It functions as a bitcoin exchange and as well as a payment platform focusing on African countries.

You can buy any amount of Bitcoin on this platform using mobile money account when you go to MyBFX.co.

Exchange TypeBroker
Services– Payment Gateway
– Buy Bitcoin
Payment Methods– Bank Transfer
– Mobile Money
– Transfer LONG
Supported Fiat– UGX
– NGN
– GHc
– TZs
Supported CryptosBitcoin
FeesUnstable

11. Bitcoin ATMs

Bitcoin TM in Uganda

Ugandans can now buy bitcoin from the Bitcoin ATM available in Kampala!

Bitcoin ATM is a machine that allows you to buy bitcoin physically with UGX (cash).

It is just like the traditional ATM that you know, however, it functions differently.

If you want to buy using a Bitcoin ATM, you will have to put in your money inside the machine in order to get bitcoin in your BTC wallet.

Now that we have gotten the complete list of the best bitcoin exchanges in Uganda, let’s go and find out which is the best.


Which is the Best Bitcoin Exchange to Buy Bitcoin in Uganda?

There are no hard and fast rules to finding out the best exchange on my list.

This is because I have given you the names of high profile and secured exchanges with the best services and offers.

However, each of these exchanges have its own features and unique use case.

So, in order to find the exchange that is best suitable for you, you will have to consider these;

  • 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 does the fee compare with that of the other exchanges?
  • Security and the Volume you would like to trade.

Using myself as an example;

Binance, Coinbase, and Luno will be the best option for me if I want to buy bitcoin instantly as they give you the best experience for crypto purchase.

Binance, OKcoin, Kraken, and Huobi for me are the best exchange to trade bitcoin in Uganda as they provide the best trading tools for trading profitably.

Remitano, Paxful, and LocalBitcoins on the other hand allow you to buy a huge amount of bitcoin at a very good stable price.

That said…lets look at the next subheading.


The State of Bitcoin in Uganda

Bitcoin is currently revolutionizing the financial status of Ugandans.

Crypto trading is blooming and very soon enough Bitcoin could become a wonted financial autonomy for an average citizen.

As a matter of fact, an average youth of 20 has already started stacking bitcoin in his wallet and selling them for a profit.

The reason for this spike can very much be attributed to the very high record of unemployment- more than 70% of Ugandan youths are unemployed.

Moreover, the majority of those employed end up in a low salary fee income and this totally redirects their interest into crypto trading.

The traditional banks are not helping to smoothen things at all as their transaction fee are very high and a total rip-off.

In fact, the majority of Ugandans are unbanked.

Talking of making a cross-border remittance, the Western Union and MoneyGram sweeps the people of their money and it is never in no way fast.

In the light of these deficiencies, bitcoin has revamped the remittance market and is bringing food and smiles in the table and faces of Ugandans.

As of today, the country is popularly known as one of the most crypto-friendly countries in Africa.


Bitcoin Exchanges in Uganda|Conclusion

This is it for the list of “Top Ten Exchange” available in Uganda!

If you have carefully followed this list, you would have noticed that the list contains the name of highy creditable exchanges.

Yes, I am very positive that it does!

So, having given you the list of the ten best exchanges in Uganda and the state of bitcoin in Uganda, I am optimistically expecting a reply from you.

Alright, here we go…

Have you used any of these exchanges? What was your experience?

For the newbies – Did this post boost your motivation to buy bitcoin from any of the listed exchanges?

Finally, considering the state of cryptos in Uganda presently, do you see them thriving in the country in future years?

I hope to see your comments below and please do not forget to click on the share buttons.

Cheers!


P.S
If you want to learn how to trade cryptocurrencies profitably, we developed a perfect course to help you master Cryptocurrency Trading.
Go to www.ctmastery.com to enrol.


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Paschaline Anagor

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