With the thousands of Bitcoin buyers in Cameroon, it’s not strange to hear people requesting for the cheapest way to go about. We’ll recommend the Binance cryptocurrency exchange platform for those seeking the cheapest way to buy Bitcoin in Cameroon. Established back in 2017, this cryptocurrency exchange has been a major innovation in the digital financial world. It is geared towards crypto-to-crypto trading.
Binance offers an impressive range of Cryptos and Altcoins such as BTC, ETH, LTC, BNB and many more. Note that BNB is Binance’s own crypto. All these Cryptos and Altcoins offered by Binance for trading come at very competitive fees. That’s why it will be a mistake to omit Binance when talking of the cheapest way to buy Bitcoin in Cameroon.
How to buy Crypto through the Binance Fiat Gateway
With Binance, you can quickly and easily buy Bitcoin with cash, as well as other cryptocurrencies that are offered on its platform. This service allows you to use your credit card to directly purchase Bitcoin, Ethereum, Litecoin, Bitcoin cash, Ethereum Classic, IOTA, Dash, Bitcoin Gold, EOS, Monero, OmiseGo, Neo, and Ripple by using US Dollars or Euro.
It is also possible to use your US Dollars and convert them into stablecoins such as TrueUSD (TUSD) or Paxos (PAX). Upon purchasing crypto on the Binance platform, you can instantly use them to trade for any of the 150+ digital currencies offered on 450+ trading pairs on Binance.
Binance Fees and Charges
Binance offers trading at highly competitive fees. Perhaps this is the reason why it is considered the largest cryptocurrency exchange in the world. On average, the fee at Binance for each trade is 0.1%. Those who pay this fee using a Binance token obtain a discount of 50% on the trading fee.
Withdrawal fee at Binance depends on the cryptocurrency in question. That is, there are different withdrawal fees associated to the different cryptocurrencies in existence.
Binance Pros and Cons
- Competitive fees
- Wide selection of cryptocurrencies
- IOTA available for trading
- Advanced trading platforms
- No live chat or phone support
- Does not specify which countries are supported