There are so many exchanges that are available for you in Cotonou; if you wish to start accumulating Bitcoin as soon as possible.

But what you will find in this post is a list of “10 Bitcoin exchanges in Cotonou” that are equal to none.

If you want to get the full review of the “10 best exchanges in Cotonou” then you must read this article till the end.

Ready to go? Let’s dive right in!

Post Summary

Let’s take a look at the sub-topics that I will be discussing in this post;

1. 10 Best Exchanges in Cotonou (Benin Republic)
2. Which is the Best?
3. Conclusion

Have a happy reading time!

10 Best Exchanges to Buy/Sell Bitcoin in Cotonou (Benin Republic)

1. Bybit

Bybit is the first exchange on my list.

Founded in 2018, it is one of the leading exchanges.

At the time of writing, it is ranked No. 2 among the top derivative exchanges by Coinmarketcap.

Bybit records over $8 billion in 24-hour volume trading and over $3 billion in total assets.

It also publishes its proof of reserve for everyone to see—kind of a way to verify its credibility in managing users’ funds.

Bybit does not support XOF. However, crypto enthusiasts in Contonuo can buy Bitcoin from Bybit’s P2P with Neteller and other e-currencies.

They also have the option to buy Bitcoin on Bybit P2P with USD through payment gateways such as ChipperCash and Paypal.

Furthermore, they can also trade crypto and participate in the Earn product by sending coins from their wallet to Bybit.

2. Gate.io

Launched in 2017, Gate.io is one of the leading exchanges in the industry.

The exchange boasts a wide range of trading pairs and a robust security system.

Gate.io is a platform that caters to users from various parts of the world, and it is noteworthy that it has garnered a user base of more than 9 million.

Residents of Cotonuo can buy Bitcoin and other cryptocurrencies with their local currency on Gate.io using the “Buy Bitcoin” options available: Credit Card, Bank Transfer and P2P, trading.

3. Pursa

Pursa is a peer-to-peer marketplace to buy and sell Bitcoin using a wide range of payment methods.

The exchange is based in Cameroon and it was founded in 2017 by Mbuh Jude.

Pursa has a wonderful user interface that makes it easy for a newbie to navigate easily through the platform.

Moreover, it supports customers from everywhere in the world.

4. Binance

Thinking of exchanging your Bitcoin for other crypto coins? Binance is the place to go.

Binance is the world’s largest cryptocurrency exchange by trade volume.

It was founded by Changpeng Zhao in 2017, yet its popularity and use case has been a force to be reckoned with.

This exchange offers a plethora of services, gives users the opportunity to buy bitcoins at a lower transaction fee, and supports over 400 cryptocurrencies.

Interestingly, Binance allows residents in Cotonou and Benin Republic to buy Bitcoin and crypto with their local currency on Binance P2P.

5. Coinbase

Coinbase, founded by Brian Armstrong in 2012, is a popular cryptocurrency exchange.

The exchange is available in over 50 countries, including the Benin Republic.

To buy Bitcoin or other crypto, users can click on the “Buy/Sell” tab on their Coinbase dashboard to proceed.

It is worth noting that Cotonuo residents can buy crypto on Coinbase with a credit or debit card and that the exchange does not support P2P.

6. Kucoin

KuCoin is an excellent choice for anyone looking to buy Bitcoin and other cryptocurrencies.

The exchange was founded in 2017 and has been gaining traction in recent years.

Kucoin offers a wide range of cryptocurrencies and trading pairs, making it a popular choice among investors.

Moreover, it is suitable for both beginners and experienced traders.

Kucoin supports Benin. However, it does not yet support the XOF currency.

Residents in Cotonuo can consider KuCoin if they can pay with foreign currencies like USD through the P2P, or have crypto that they wish to transfer to the exchange for trading.

7. CEX.IO

CEX.IO is a multi-functional cryptocurrency exchange founded in 2013.

It first operated as a Bitcoin exchange and as one of the popular cloud mining platforms to exist around 2014.

CEX.IO is trusted by millions of users. It is one of the best exchanges to buy bitcoins in Cotonou and the rest of the world.

This exchange is registered and licenced with FinCEN, an agency in the United States that safeguards public funds.

8. Changelly

Changelly is a non-custodial instant cryptocurrency exchange that was founded in 2015 by Minergate (a crypto mining pool).

It is an exchange that connects users to a third-party platform to provide them with the best experience for buying and exchanging cryptocurrencies seamlessly.

Changelly functioned as an exchange that aids users in swapping their crypto for another; however, the exchange upgraded its services this year (2020).

The services added include a Fiat-to-Crypto Marketplace, which will allow users to buy crypto with their local currencies including XOF.

Changelly has also launched its trading platform, dubbed Changelly Pro.

9. Bittrex

Bittrex is one of the very secure US-based crypto exchanges founded in 2013.

It is a crypto trading platform that allows you to trade crypto with both fiat and crypto.

Bittrex is well-praised for providing a solid and fast exchange that supports over 400 cryptocurrencies and about 284 trading pairs.

Far from that, the team behind Bittrex has a wealth of knowledge and years of experience in the security and cybercriminal spaces.

Despite so many years of its existence, the exchange has not experienced any form of security breach.

While Bittrex does not support XOF, residents of Cotonou can trade crypto on the platform with other cryptocurrencies.

10. SpectroCoin

Spectrocoin is a UK-based crypto exchange and payment gateway founded in 2013.

Although Spectrocoin launched as a crypto exchange, it soon began to upgrade its services a year later.

Currently, the exchange provides payment gateway services, mobile wallet apps, cards, a blockchain explorer, etc.

It also launched “Bankera,” its own trading platform, in 2018, where users can trade 8 cryptocurrencies with 7 trade pairs.

Spectrocoin is one of the exchanges that can boast of an excellent review from its users on Trustpilot.

Moreover, its UI is very simple; users can easily navigate through the different services provided by the exchange.

Which is the Best?

Factors to put into consideration before choosing a Bitcoin exchange;

• Motive – Am I buying – to trade, store, or shop?
• The supported cryptocurrencies – does the exchange have the coin I want to buy?
• Payment Methods – Is the available payment method convenient for me?
• Fees – How much is the fee on this exchange when compared with other exchanges?
• Security and the Volume you would like to trade.
• Transaction Speed

Each of the exchanges that I gave you above is well-reputed, and all have their own unique feature.

I suggest you take into account the aforementioned factors before making a choice.

Let’s wrap it up, shall we?

Conclusion

I have come to the end of this review. I hope you enjoyed it.

Now I would like to hear from you.

Which of these exchanges will you sign up with?

Have you used any of these exchanges? Tell us about your experience.

Are there other exchanges that you think I missed out on?

Put down your comments below, and please share this post by clicking on the share buttons

Cheers!

PS: If you want to learn how to trade cryptocurrencies profitably, then enrol for our Crypto Trading Mastery Course by going to www.ctmastery.com. You can also join our Telegram community at https://t.me/ctmastery

Also, read;

• The Best 10 Exchanges to Buy Bitcoin in South Africa
• 10 Best Exchanges to Buy Bitcoin in Uganda (2020)
• Top 10 Exchanges To Buy Bitcoin in Nigeria (2020)
• 10 Best Exchanges To Buy/Sell Bitcoin in Ghana (2020)
• 10 Best Exchanges to Buy Bitcoin in Cameroon (2020)