Bitcoin is a decentralized digital currency. It has no central bank or single administrator for regulation. Bitcoins can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries (middlemen). Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. There are now apps to buy and trade bitcoins in Uganda.
READ: How to buy bitcoin in Uganda using mobile money
Contents
Here are the top 5 apps to buy and trade bitcoins:
#1. Binance:
Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands.
It is moderately easy to use. The fees are low. It is trusted given it has already built up a reputation as the largest exchange in the world. It has a one-day verification.
#2. Kraken:
Kraken has everything you need to buy, sell, and trade crypto. An intuitive experience from the start. The exchange provides trading between cryptocurrency and fiat currencies and provides price information to Bloomberg Terminal.
It is easy to use. The fees are average. It can be trusted. It has a 2-3 days verification period.
#3. Coinmama:
Coinmama is the leading cryptocurrency exchange platform to buy & sell crypto with a credit card, debit card or bank transfer.
It is easy to use. Thought the fees are a bit high. It has a one-day verification period. It can be trusted given that it is the leading platform with a credit card, debit card, and bank transfers.
#4. CEX.io:
CEX.IO was one of the first platforms to make fiat-to-crypto transactions accessible by offering card payments and bank transfers to the clients. It is placing a great effort into developing and maintaining robust relationships with dozens of reputable banks across the key markets.
Currently, they are providing a rich variety of trading tools for Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron, and other crypto assets. You can trade these cryptocurrencies for USD, EUR, GBP, and RUB.
They know that mobility matters. So they have enabled trading through a website, iOS and Android mobile apps, WebSocket, and REST API.
It is easy to use. It is trusted. It has a one-day verification. Though the fees are a bit high.
#5. Changelly:
Changelly is a popular cryptocurrency exchange providing the ability to instantly and seamlessly exchange over 160 coins.
Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card. It is easy to use. The fees are average. It has a one-day verification and can be trusted.
Those are the apps to buy and trade bitcoins that stand out, feel free to share any other apps you have used to trade bitcoin.