There are several ways to buy bitcoin (BTC) in Uganda as the cryptocurrency ecosystem is seeing significant development in the East African state. As a result, you may feel overwhelmed by all the bitcoin exchange options you have.
In this guide, you will discover how you can buy bitcoin (BTC) in Uganda on the country’s most reputable Ugandan Shilling (UGX) to Bitcoin (BTC) exchange platforms.
The ultimate exchange for buying bitcoin (BTC) with Ugandan Shilling (UGX) may vary depending on your needs. Meanwhile, there are general features to look out for on various Ugandan bitcoin exchanges to make the right decision. These include the accepted payment options, fees, and trading limits.
On the other hand, you will need a bitcoin wallet before you purchase bitcoin from any exchange. If you haven’t installed a bitcoin wallet yet, check out our article on the best bitcoin wallets.
Best Exchanges To Buy Bitcoin (BTC) In Uganda
Luno
Luno is one of the most popular cryptocurrency exchanges in the world. Similarly, Luno has created a niche in developing markets and recently added Uganda to the list of supported countries.
The exchange has a positive reputation as a good platform for buying bitcoin (BTC) in Uganda. In terms of deposit methods, Luno allows you to fund your wallet through bank transfers that come at no cost.
The South Africa founded exchange offers 0 percent fees when you place an order. Market takers pay a fee between 0 percent to 1 percent depending on the fiat currency used.
Luno offers an easy to use platform for buying bitcoin with Ugandan Shilling (UGX). It’s intuitive user interface and low fee structure makes it a good candidate for new users looking to purchase bitcoin.
SpectroCoin
SpectroCoin is a known bitcoin exchange brand. The Lithuania-based company recently made it possible to buy bitcoin (BTC) in Uganda directly. SpectroCoin users can now deposit Ugandan shilling (UGX) through credit cards, VPAY, SEPA, Perfect Money, Skrill, and Payeer.
Further, SeptroCoin allows Ugandan bitcoin users to buy mobile airtime with bitcoin. You can buy airtime for Airtel, Warid, Uganda Telecom, Smart Uganda and MTN respectively.
BitPesa (BFX)
BitPesa is a cryptocurrency brand most popular in Kenya. In Uganda, BitPesa allows you to buy bitcoins with your mobile money account on MyBFX.co.
The Kenyan based digital exchange was founded in 2013 by American Elizabeth Rossiello and later joined by co-founder and fellow American Charlene Chen.
BitPesa recently rebranded to AZA after raising $15 million from the Development Bank of Southern Africa (DBSA).
Binsusu
Binsusu is a Ugandan based bitcoin exchange that enables Ugandan traders to buy bitcoin with the Ugandan shilling (UGX). This exchange has been around for a while, making it one of the most popular local exchanges in Uganda.
Currently, the exchange allows you to deposit through Airtel Money or MTN Mobile Money.
Peer-to-Peer Platforms
Paxful
Paxful is another peer-to-peer trading platform where you can buy bitcoin in Uganda from a range of local bitcoin traders.
After signing up, select a seller who offers the amount of bitcoin you are willing to buy and then, begin your purchase order. You will see the trade details on the left side of your screen with a chat option on the right to converse with the seller throughout the transaction process.
Once the transaction is complete, the bitcoin will arrive in your Paxful wallet.
LocalBitcoins
LocalBitcoins is the world’s leading peer-to-peer exchange. The platform provides services to Ugandans interested in buying bitcoin.
To purchase bitcoin, click on a seller with your preferred purchasing price or range on the homepage, review the seller’s terms and if comfortable, go ahead and make the purchase with your chosen payment method. This platform also requires an account and the verification of your details to purchase bitcoin.
Remitano
Remitano is a peer-to-peer bitcoin exchange that enables you to buy bitcoin (BTC) in Uganda.
To get started, register an account with your email address, Google, or Facebook. Once you have registered your account, scroll through the list of bitcoin sellers and choose one with your preferred price. You will note that there is a maximum amount of bitcoin that you can buy from each seller. So, keep that in mind when taking your pick.
Also, you will choose whether you want the seller to deposit your bitcoin in the Remitano wallet or a different one. Then, you can make your transaction.
Bitcoin ATMs in Uganda
A Bitcoin ATM is much like the traditional ATM that dispenses fiat currencies where you use your debit card to withdraw cash. However, in bitcoin or cryptocurrency terms you withdraw bitcoins.
Bitcoin ATMs have several advantages over traditional exchanges. For instance, bitcoin purchases via bitcoin ATMs are anonymous and near-instant.
You can also buy bitcoin (BTC) in Uganda with Bitcoin ATMs. According to CoinATMRadar, there is 1 bitcoin atm in Kampala, Uganda.
If you want to learn more about bitcoin, check out our guides on bitcoin and join our Telegram channel to stay up to date with developments in Uganda and Africa.
