How To Buy Bitcoin In Malawi In 3 Easy Steps With Kwacha

Since the Covid-19 pandemic, there has been a sharp rise in the popularity of cryptocurrencies. Africans have come to use cryptocurrencies as an investment, a payment method, a saving alternative and much more.

With crypto adoption spreading rapidly, there has been an increased demand for crypto in Malawi as Malawians seek to enjoy the several benefits of cryptocurrencies. Malawi ranks among the top nations in Africa for crypto adoption.

Given how widely adopted bitcoin is, it doesn't come as a shock that now more than ever, Malawians are interested in the advantages of cryptocurrencies and how they may begin trading bitcoin.

Why buy bitcoin in Malawi?

Bitcoin has several use cases for Malawians, and as such, crypto adoption and use are on a sharp increase in Malawi. Here are a few reasons why Malawians buy bitcoin: 

1. Protection against inflation:
   Compared to the rest of the globe, such as the United States and Europe, currencies in Africa’s fast-expanding areas are particularly volatile. The use of cryptocurrencies is the most effective method of avoiding the falling value of the Kwacha. 
   Africa is particularly susceptible to the global inflation of fiat money, which makes its local currency unstable. Cryptocurrency provides the most purchasing power for people who are concerned about the declining purchasing power of the native Malawi Kwacha.
2. Cross-border payments:
   With cryptocurrencies, you can escape the difficulties and expenses of cross-border transactions. Bitcoin allows you to send money instantaneously and at the cheapest rate. 
3. Investment:
   Bitcoin’s initial price was $0.0008, and since then, it has risen to an all-time high of $68,000. Many Malawians buy bitcoin because of its growth potential and earn a profit from price gains. 

Read Also: How To Send Money From Botswana To South Africa With Yellow Pay

How to buy bitcoin in Malawi on Yellow Card

Now that you are more aware of the benefits of cryptocurrencies, it's time to start your crypto journey. That is, buying bitcoin. However, although buying bitcoin is easy, you must ensure you choose the right crypto exchanges. There are several crypto exchanges out there, but you need to prioritise one with the best security mechanisms, user experience, and cheap rates that allow you to buy crypto with your local currency. 

Not all crypto exchanges allow you to buy bitcoin with Kwacha in Malawi; some may require you to convert to another currency, e.g. dollars, before purchasing bitcoin. With a crypto exchange like Yellow Card, you get the best security, customer service, and a user-friendly interface that allows you to buy bitcoin in Kwacha at the best rates. 

Here’s how to buy bitcoin in 3 easy steps on Yellow Card:

• Sign up on the Yellow Card app. 
  Signing up on Yellow Card is completely free, and you can easily get started by signing up on the website at Yellowcard.io or downloading the mobile app available on the Google play store or App store.
• Fund your wallet with Kwacha
  Select the deposit option and fund your wallet with Kwacha. You can fund your wallet via either manual bank deposits or bank transfers to our Standard Bank account.
•  Buy Bitcoin
  Once you complete the deposit, you can easily buy bitcoin with kwacha from your dashboard. Select “Buy Bitcoin” and enter the amount you want to buy. Confirm your order and buy bitcoin. Once completed, your bitcoin will reflect instantly in your wallet.
  
  That’s all! You have successfully purchased bitcoin; you can also sell, send and receive bitcoin easily on Yellow Card.  Remember that the funds in your wallet are yours alone, and you can withdraw them whenever you want. 

How to sell bitcoin and withdraw kwacha in Malawi

Here’s how to sell bitcoin and withdraw Kwacha on Yellow Card. 

1. Sign in on your Yellow Card account.
2. Select “Sell Bitcoin” from your dashboard 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 

Yellow Card will pay the equivalence in cash proportionate to the bitcoin sold; you can then withdraw your kwacha to your bank account. Very simple, you’ll agree.

Conclusion

Bitcoin has several potential many of which remain untapped. With bitcoin, you can escape the limitations of traditional payment systems. With a secure and trusted crypto journey, you can easily get started on your crypto journey. Yellow Card allows you to buy bitcoin with Kwacha and easily sell, send and receive bitcoin. 

You don’t need to worry about security with Yellow Card. Yellow Card’s wallet is protected with world-class security mechanisms to guarantee your safety and the security of your assets. That’s not all! You enjoy the cheapest rate on your Yellow Card wallet with the best customer service to guide you on your crypto journey. 

Don’t get left behind in the crypto revolution! Get started with your crypto adventure today. 

Buy Bitcoin with Kwacha