If you have been asking yourself questions like: “How do I buy Bitcoin in Zimbabwe?,” “Can I use Ecocash to buy Bitcoin?,“ and “Which credible exchanges are there in Zimbabwe where I can buy Bitcoin?" then you have arrived at just the right page. In this article I am going to show you the best way to buy bitcoin in Zimbabwe or to exchange your bitcoin for USD.
What you need to buy bitcoin
In order to buy bitcoin, you will need a bitcoin wallet. A bitcoin wallet is a device or service that stores your bitcoin such as BlueWallet and Muun wallet.
Can I use Ecocash to buy bitcoin?
Yes you can buy bitcoin using Ecocash in Zimbabwe using the peer to peer method from bitcoin exchanges in Zimbabwe.
Bitcoin exchanges to buy bitcoin Zimbabwe
There are a few bitcoin exchanges in Zimbabwe where you can buy or sell bitcoin.
Many crypto exchanges offer bitcoin and altcoins (cryptocurrencies other than bitcoin). We strongly advise you to ignore altcoins offered and focus on bitcoin. Some altcoins are created to quickly enrich the founders and many people have lost money after they vanished because of lack of interest or for being scams.
Here are sites where you can buy bitcoin in Zimbabwe.
Spectrocoin is a bitcoin exchange where you buy bitcoin using your credit card, but there are limitations on how much you can buy.
SpectroCoin offers a number of payment methods that can be used to top up your account and buy bitcoin, which include credit or debit cards, and bank transfers. Available payment options vary by country.
How to buy bitcoin with Spectrocoin Zimbabwe
If you don’t have a SpectroCoin account yet, you need to sign up. After completing the registration, you will receive a confirmation email. If you do not receive the email confirmation immediately, please check your Spam/Junk box.
Once your account is created, you can top up your with supported fiat currency or cryptocurrency and start buying bitcoin. Check out the full details here.
You can use LocalBitcoins to buy bitcoin online in Zimbabwe. LocalBitcoins is a peer to peer platform, which means it connects buyers and sellers to transact directly.
How to buy bitcoin with LocalBitcoins Zimbabwe
To buy bitcoin in Zimbabwe with LocalBitcoins, you need to register a free account with LocalBitcoins. You will get a free "custodial bitcoin wallet."
Custodial wallets are wallet whose private keys are held by a third party like a bitcoin exchanges. We strongly advise you to use non custodial bitcoin wallets such as Muun wallet.
You then need to search for advertisements from bitcoin sellers by indicating on the LocalBitcoins website the amount you want to buy in your currency, your location and choose a payment method. If you’re not sure how you want to pay, choose "All online offers" as your payment method. The site will list bitcoin traders available in Zimbabwe.
Being peer to peer, LocalBitcoins has many payment methods including Western Union, which is a popular money transfer service in Zimbabwe. To buy bitcoin in Zimbabwe with Western Union, you need to make a deposit via Western Union. Please check the monthly limits and daily limits on western. Last time I used this method it was around $500.00 per transaction and maximum of $1500.00 usd per month.
Upload the proof of payment that you made to Western Union and also give the seller the MTCN Number. Once the seller collects the money from Western Union, they will confirm and LocalBitcoins will release the bitcoins to you wallet.
Paxful is a peer to peer bitcoin marketplace, which is available in Zimbabwe. The marketplace offers a number of payment methods for your purchases including Mukuru and EcoCash.
We understand the economic difficulties the country is facing, and that is why we’ve made it effortless for the everyday Zimbabwean to buy Bitcoin instantly and at the lowest possible price. Experience zero fees when purchasing BTC from vendors in and out of the country. Don’t have a bank account? Don’t sweat it as you can choose from over 300 modes of payment to pay for your cryptocurrency including gift cards, Skrill, and Western Union. – Paxful
Other Platforms to Buy Bitcoin in Zimbabwe
Other platforms that you can use to buy bitcoin in Zimbabwe are the following:
Final Thoughts on How to Buy Bitcoin in Zimbabwe
Peer to peer remains one of the best and easiest way to buy and exchange bitcoin in Zimbabwe. However, with peer to peer exchanges, you need to be extra careful when making transactions so you don’t lose your money. Do your due diligence to find trusted and verified users. You can do this by looking at their profile to see comments/reviews made by other users who have dealt with the specific buyer.
Recently, the messaging app, Telegram, introduced a service for buying, sending and receiving bitcoin on its plaform. Read our comprehensive review of how to buy bitcoin with Telegram in Zimbabwe.
There are many scams around the world including Zimbabwe involving bitcoin so you should always be extra careful. Don’t send money directly to a person that you don’t know to buy bitcoin.
- How to Buy Bitcoin with Telegram in Zimbabwe
- Miss Aurra: Bitcoin Empowers Zimbabweans
- Bitcoin Adoption in Zimbabwe 2022
This is a guest post by Blessed Chapwanya. Opinions expressed are entirely their own and do not necessarily reflect those of Bitcoin for Fairness (BFF). Any post regarding a product or service is not necessarily an endorsement from Bitcoin for Fairness.