Buy Bitcoins In Uganda With BitPesa

Buy Bitcoins In Uganda With BitPesa
Image credit: Bitpesa
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This is a simple how-to on buying bitcoins in Uganda using MTN Mobile Money or Airtel Mobile Money.

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BitPesa is an online platform that fosters electronic payments in and outside Africa, but in this blog piece we are guiding a user who wants to transfer Ugandan shillings on their MTN or Airtel money accounts into bitcoins with BitPesa.

Make sure that you have an account with BitPesa. If you don’t have an account, Go To https://www.mybfx.co and create an account. You will receive an email immediately to confirm your account and Log in.

Before we delve into this blog, here is something you must put in mind.

1 Bitcoin equals UGX 14,257,419.18

Contents

Step 1: Log in to your BitPesa Account

Go to www.mybfx.co

Step 2: Exchange the money from UGX to Bitcoins

In the “You sell” field choose UGX and in the “Recipient gets” field choose BTC.

Enter the amount of UGX you would like to sell or amount of BTC you would like to send. Then Click NEXT.

Step 3: Select the recipient

In case someone is not saved in your contact list, you can add them as a new recipient or selecting one from your saved list. Click NEXT.

STEP 4: Enter Mobile number you’re using to pay

Enter the mobile money number you’re going to use to pay.

When you do this, a message containing a payment prompt will be sent to your phone as soon as you complete the final step (STEP 5). This will require you to input your Mobile Money pin.

STEP 5: Confirm all the details and SEND

When you click next after step 4, all the details you input will be displayed and the final step is clicking CONFIRM AND PAY.

After this step, the Bitcoins will be transferred to the recipients account.