Finance

Top 5 Bitcoin Hubs in Africa in 2020

Paul Petersen

You will be amazed to know the fact that cryptocurrency adoption in Africa is making some important advances. And because of the introduction of crypto ownership, the trade volume is also reaching its new height. On a survey, it was found that the main reason why Africa has become a Bitcoin hub is that they have a young population full of digital mind and approach. On the other hand, they have also witnessed currency failure as well as frequent monetary crises in the past. This is one of the main reasons why you will find that most people buy bitcoin Uganda. Mentioned below are the top 5 Bitcoin hubs in Africa in 2020.

  • Nigeria

One cannot deny the fact that Nigeria has dominated the continent’s trade volume. Moreover, you will be shocked to know that almost eleven percent of the cryptocurrency owner belongs to Nigeria. This figure indicates a high trade that undergoes over there. 

  • South Africa

Among the connected citizens. While talking about the bitcoin nodes, it was found that out of ten thousand nodes only twenty of them are located in Africa. And it will not be wrong to say that South Africa accounts for a higher P2P trading market. 

  • Uganda

It has been found that purchasing bitcoin in Uganda is very easy. So, if you want then you can easily buy bitcoin Uganda without much trouble. Additionally, you will find it amazing to know that there are lots of exchanges present in Uganda and this is the main reason why this country has to turn out to be a Bitcoin hub in 2020.

  • Kenya

The Kenyan trade has seen some of the recent spikes because of the local bitcoin trade between the BTC as well as the Kenyan shilling. These are some of the reasons why Kenya has an increased volume of trade across the country. While Kenya has advised discretion on the use of cryptocurrency without actively banning them.

  • Ghana

Even though the cryptocurrency is not regulated in the West African nation but you will find that there is a significant use across the nation. If you also have any desire to purchase bitcoin in Ghana then all that you need to do is log into the BFX account and execute your transaction. 

To be specific cryptocurrency is not an investment but only a global means of payment. Moreover, because of the extensive use of cryptocurrencies across the African continent lot of its financial issues are solved.