In this post, you will find the 10 Best Bitcoin Exchanges where you can buy and sell Bitcoin in Tanzania.
As a Tanzanian seeking a good exchange to buy and sell Bitcoin, you will find this post very helpful.
I did my research on several exchanges before selecting these 10.
You will never go wrong if you pick from my list.
Let’s jump right in!
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10 Best Bitcoin Exchanges in Tanzania
1. Remitano
Top on my list of best Bitcoin exchanges in Tanzania is Remitano.
This exchange is renowned for its efficient P2P feature.
It is a very safe platform, where you can buy/sell bitcoin.
The exchange provides excellent services including a wallet, an affiliate program, P2P, and games.
It supports 16 cryptos: 5 altcoins in addition to Bitcoin in P2P, and 10 altcoins in Invest.
Also, the user interface of the exchange is superb!
Founded in 2016, Remitano is currently used by 58 countries.
| Exchange Type | P2P |
| Services | – Wallet – P2P – Invest |
| Currencies | BTC, BCH, ETH, LTC, XRP, TZS, USD, NGN, etc. |
| Payment Methods | – Bank transfer – Debit/Credit card – Cryptocurrencies |
| Pros | – Solid User Interface – 24/7 Live Chat – Safe and Secure |
| Con | Limited payment methods |
| Read Review | Official Website |
2. Yellow Card
The 2nd exchange on my list is Yellow Card. It was founded by Chris Maurice in 2019.
Yellow Card is registered in the USA (FinCEN) and has its headquarters in Lagos State, Nigeria.
This exchange allows users to perform transactions using their local bank accounts.
Additionally, Tanzanians can earn more from Yellow Card if they sign up as merchants.
As a merchant, you can buy and sell bitcoins to clients as well as receive payment for goods and services in bitcoins.
| Exchange Type | Broker |
| Services | – Buy/Sell Bitcoin – BTC Wallet – Bitcoin Merchant |
| Currencies | BTC, NGN, USD, TZS, etc. |
| Payment Methods | – Cash – Bank Transfer – Debit Card |
| Pros | – Good customer support – User-friendly interface |
| Con | Supports only BTC |
| Read Review | Official Website |
4. Bitpesa
Bitpesa is one of the popular crypto exchanges where you can buy/sell bitcoin in Tanzania.
The company was founded by Elizabeth Rossiello in 2013. It is based in Nairobi, Kenya.
BitPesa functions both as a Bitcoin exchange and as a payment platform.
You can buy any amount of Bitcoin from this platform using your mobile money account.
This exchange also facilitates business transactions between Tanzanians and their partners in other countries like China and the UAE.
| Exchange Type | Broker |
| Services | – Payment Gateway – Buy Bitcoin |
| Currencies | UGX, NGN, GHS, TZS, BTC |
| Payment Methods | – Bank Transfer – Mobile Money – Airtel Mobile Account – Paga account – Debit Card |
| Pros | – User friendly interface – Different payment options |
| Cons | – Unstable Fees – BTC is the only supported crypto |
| Official Website |
5. Bit2Me
Bit2Me is another Bitcoin exchange where Tanzanians can buy/sell Bitcoin.
It was founded in 2014 and is based in Spain.
This exchange offers very cool services like Real Estate OTC, Commerce, Converter, Crypto Academy, etc.
Bit2Me allows you to buy Bitcoin using your local fiat. There are also convenient payment options.
| Exchange Type | Broker |
| Services | – OTC – Wallet – Swap – Mobile App, ETC. |
| Payment Methods | – Bank transfer – Debit/Credit card – Cash Deposit |
| Currencies | NGN, EUR, TZS, GHS, BTC, BCH, ETH, LTC, XRP, etc. |
| Pros | – Excellent services – Supports many cryptos |
| Con | Poor customer support |
| Official Website |
6. Bybit
Bybit is a cryptocurrency derivatives exchange that was founded in March 2018 by Ben Zhou.
The Exchange was built on customer-centric values, providing professional, smart, intuitive, and innovative online trading and mining.
Additionally, there is a staking service for retail and institutional clients around the world.
The exchange trading site works as a subsidiary under Bybit Fintech Limited which is registered in the British Virgin Islands.
Tanzanians can buy Bitcoin from the Bybit P2P trading platform.
| Exchange Type | Broker |
| Services | – OTC – Wallet – Trading – Mobile App, etc. |
| Payment Methods | – Bank transfer – Debit/Credit card – And more |
| Currencies | NGN, EUR, TZS, GHS, BTC, BCH, ETH, LTC, XRP, etc. |
| Pros | – Excellent services – Supports many cryptos |
| Con | Requires KYC |
| Read Review | Official Website |
7. Bitget
Launched in 2018, Bitget is a cryptocurrency exchange based in Singapore.
The exchange started up as a “Spot Exchange,” but it has expanded to include derivatives, which marked its noticeable success.
Bitget is unique because it offers a robust trading platform, innovative trading products, low fees, and top-notch security.
The exchange is also worth billions of dollars, and over a million people worldwide are using Bitget.
Tanzanians can buy Bitcoin from the Bitget P2P platform.
| Exchange Type | Broker |
| Services | – OTC – Wallet – Trading – Mobile App, etc. |
| Payment Methods | – Bank transfer – Debit/Credit card – And more |
| Currencies | NGN, EUR, TZS, GHS, BTC, BCH, ETH, LTC, XRP, etc. |
| Pros | – Excellent services – Supports many cryptos |
| Con | Requires KYC |
| Read Review | Official Website |
8. Gate.io
Gate.io is another crypto exchange where you can buy Bitcoin in Tanzania.
It was founded by Lin Han in 2013 as Bter.com but rebranded to Gate.io in 2017.
Also, it used to be a Chinese-based exchange providing fiat on-ramp services to users.
However, it has since shifted attention from China and has been remodelled into a full-fledged crypto exchange.
Currently, this company is headquartered in George Town, United Kingdom, and it supports users worldwide.
Gate.io is one of the largest crypto exchanges in the world by trading volume.
On this exchange; you can trade, borrow and lend crypto assets, participate in DeFi, and earn passively off your coins.
| Exchange Type | Broker |
| Services | – OTC – Wallet – Trading – Mobile App, etc. |
| Payment Methods | – Bank transfer – Debit/Credit card – And more |
| Currencies | NGN, EUR, TZS, GHS, BTC, BCH, ETH, LTC, XRP, etc. |
| Pros | – Excellent services – Supports many cryptos |
| Con | Complex UI |
| Read Review | Official Website |
9. KuCoin
KuCoin is a cryptocurrency exchange co-founded in August 2017 by Johnny Lyu.
It is based in Singapore but was originally launched in Hong Kong.
KuCoin is a trading platform but in its bid to serve its users better, it added P2P to its services in August 2021.
This is remarkable because it had a great impact on its growth as it is currently serving one in four cryptocurrency holders worldwide including Tanzanians.
KCS is the native token of the exchange that grants holders a discount on trading fees.
Additionally, KuCoin has generous profit-sharing incentives that are up to 90% of trading fees and it goes back to the KuCoin community through the KCS tokens.
| Exchange Type | Broker |
| Services | – OTC – Wallet – Trading – Mobile App, etc. |
| Payment Methods | – Bank transfer – Debit/Credit card – And more |
| Currencies | NGN, EUR, TZS, GHS, BTC, BCH, ETH, LTC, XRP, etc. |
| Pros | – Excellent services – Supports many cryptos |
| Con | Requires KYC |
| Read Review | Official Website |
10. Spectrocoin
Lastly, on this list of best Bitcoin exchanges in Tanzania is Spectrocoin.
It was co-founded by Mantas Mockevičius in 2013. The company is based in London, UK.
Spectrocoin allows users to buy, sell, and exchange Bitcoin and other cryptocurrencies.
Also, it offers users a personal VISA debit card which they can load from their wallets and then make withdrawals from ATMs.
Tanzanians can also maximize Spectrocoin’s business feature to accept Bitcoin and other cryptocurrency payments at their online or physical stores.
You can also obtain crypto-backed loans from Spectrocoin when you have the need.
| Exchange Type | Broker/Trading |
| Services | – Buy and Sell – Wallet – Loans – Business |
| Payment Methods | – Payeer – SEPA – Debit/Credit card, etc. |
| Currencies | EUR, USD, GBP, BTC, ETH, DASH, etc. |
| Pros | – Excellent interface – Superb customer service |
| Cons | – High fees – Limited fiat |
| Official Website |
Which Is The Best Of The Best?
All the exchanges described above have cool features. It is, therefore, not easy to say, which is the best among them.
However, the best exchange for you is dependent on what you want to achieve at a particular time. Look out for:
- Accepted payment options
- Price of Bitcoin
- Transaction Fees
- What you wish to do (whether to trade or store Bitcoin).
Based on the price of Bitcoin, you can buy a huge amount of Bitcoin at a very good price from Remitano.
Then, if you want to easily convert your Bitcoin to fiat and withdraw from an ATM, go for Spectrocoin.
But if your interest is an exchange where you can trade bitcoins instantly using TZS, don’t miss Yellow Card.
Conclusion
This is where we will draw the drapes on our discussion on Best Bitcoin Exchanges in Tanzania. I hope you enjoyed the read.
Now tell me:
Which of the exchanges on my list is your most preferred?
Do you know any other exchanges that should have made the list?
Let me know in the comments section right now.
Also, share this post with other Bitcoin lovers around you.
Thank you!
PS:
If you want to learn how to trade cryptocurrencies profitably, then enrol in our Crypto Trading Mastery Course by going to www.ctmastery.com. You can also join our Telegram community at https://t.me/ctmastery
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