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2022-06-17

Cedric

Cedric G.

How to buy bitcoin in Ivory Coast

The advent of bitcoin in 2009, closely followed by other cryptocurrencies has been facing a lot of controversial opinions related to their reliability and sustainability.

As such, the legal status of bitcoin and other cryptocurrencies varies from country to country. 

While El Salvador and the Central African Republic have adopted bitcoin as legal tender on their territories, the status of bitcoin is yet to be properly defined in Ivory Coast. 

However, the absence of such legislation seems not to affect the cryptocurrency market in Ivory Coast. This is proven by the existence of several cryptocurrency exchange platforms in the country.

This article will provide three important considerations for buying bitcoin in Ivory Coast.

Choosing an exchange platform

Buying and selling bitcoin is a lucrative venture that attracts many young tech-savvy individuals, who get involved with Peer-to-Peer (P2P) trading. 

This trading model has proven to be dangerous as many scam schemes operate through them. Most often, traders who try P2P trading run the risk of being robbed of their money.

Therefore, it is important to be careful in choosing where and to who to buy or sell your bitcoin.

To be on the safe side, choose a legal exchange platform that offers the services you would otherwise get from an unknown individual.

There are numerous Cryptocurrency exchanges in Ivory Coast such as LocalBitcoin, Symlix, E-Business Center, and most recently, Yellow Card. 

Why should you trade with Yellow Card?

Yellow Card is a legal the safest platform on which you can sell and buy bitcoin, Ethereum, and USD Tether at amazing prices and fees. 

Present in over 16 African countries, Yellow Card offers fast and reliable services 24/7, with an efficient customer service team, always ready to accompany you on your crypto journey.

Apart from helping you to have control of your money, Yellow Card also provides an education platform with a wide range of articles on Cryptocurrency, Blockchain Technology, and Financial Literacy.

Exploring these articles on Yellow Card Academy will assist you in making better financial decisions and profitable investment choices today and always.

And that’s not all!

Once you sign up on Yellow Card, you automatically have access to a free bitcoin wallet that permits you to carry out your transactions from anywhere in the world.

How to buy bitcoin on Yellow Card in Ivory Coast

Follow the step below and buy your bitcoin with ease in just a few clicks.

1.     Sign up on your account.

You can sign up for a Yellow Card account on the web or by downloading the mobile app

2.     Fund your account with XOF

After you have signed up, choose a preferred payment method to fund your account with XOF. (Currently, we only have the UBA option in Ivory Coast).

3.     Buy Bitcoin

Once your account is funded, from your dashboard, select “Buy Bitcoin” and enter the amount you want to buy. 

Confirm your order and buy. Once this is done, your bitcoin will reflect instantly in your wallet.

How to sell bitcoin and withdraw XOF in Ivory Coast

  1. Sign up for the Yellow Card account on the web or by downloading the mobile app
  2. From your dashboard, select “Sell Bitcoin” and enter the amount you want to sell. 
  3. Click Review & Confirm  
  4. Confirm by clicking Sell 
  5. You have successfully sold your Bitcoin to Yellow Card 

At this point, Yellow Card will pay the equivalence in cash of bitcoin sold.

Conclusion

Though frequently criticised for its volatility, the bitcoin ecosystem in Ivory Coast appears to be a fruitful and safe shelter during economic storms.

Buying and selling bitcoin in Ivory Coast has never been made this easy. Start your journey to financial freedom and trust Yellow Card to accompany you through it.

Get started with bitcoin