Bitcoin is the new wave of digital currencies. It is the first and still the most successful cryptocurrency in the world. In Egypt, the purchase of bitcoin with local currencies is alive and well because the venture is profitable. Buying Bitcoin in Egypt is easy if you can find a good and reliable exchange platform. The best exchange platform for crypto trading in Egypt is Binance. You can follow the steps below to buy Bitcoin from any crypto exchange in Egypt.
- Sign up by creating an account with an exchange platform that supports Bitcoin.
- Open a crypto investment account with the exchange platform.
- Deposit fiat currency into the account.
- Proceed to buy Bitcoin from the platform by selecting Bitcoin.
- Once the transaction is fulfilled, the broker issues proof of purchase and collects a commission.
Which bitcoin wallet is available in Egypt?
After buying Bitcoin from an exchange, it is a good security measure to withdraw it to a non-custodial wallet that gives you full control, privacy, and security of your Bitcoin. There are several types of Bitcoin wallets available in Egypt. They are discussed below.
Mobile Wallet: As the name implies, mobile wallets are crypto wallets you can access with your mobile phone. These wallets give you access to perform transactions with your Bitcoin; there are mobile bank apps for Bitcoin. Examples of mobile wallets are Zengo, Trust Wallet, Coinbase Wallet, and MetaMask.
Hardware Wallet: They are considered one of the most secure crypto wallets. They are physical devices where you store your cryptocurrency. You can connect it to your computer to access your cryptocurrency. Popular examples of hardware wallets are Ledger and Trezor.
Desktop Wallets: These wallets are software applications that you install on your computer. They offer greater control over your Bitcoin but may require more technical expertise. They are an excellent choice if you prioritize enhanced security for your Bitcoin and are comfortable managing it directly from your computer.
Is Trust Wallet available in Egypt?
Fortunately for Egyptians, Trust Wallet is available in Egypt. Trust Wallet is a non-custodial mobile cryptocurrency wallet owned by Binance. With this wallet, you can control all your electronic assets, including cryptocurrencies, stablecoins, meme coins, and NFTs.
The platform supports over 65 blockchains and stores over 4.5 million crypto assets. If you trade crypto with Binance, you might want to open a trust wallet account to easily store your assets after purchase. Trust Wallet allows secure storage, sending, and receiving over 9 million tokens. The platform has an intuitive and user-friendly user interface that makes it easy for anyone to navigate. Over the years, Trust Wallet has garnered over 60 million users worldwide because of the amount of value it has added to the crypto community.
Does Luno work in Egypt?
Luno is another popular crypto exchange platform. Unfortunately, its operations have been restricted in Egypt due to government restrictions. Platforms like Bitcoin can buy, sell, and exchange cryptocurrencies in Egypt.
Buy Bitcoin in Egypt: Is there a Bitcoin ATM in Egypt?
Yes, there’s one Bitcoin ATM in Egypt. With your Bitcoin ATM, you can perform crypto transactions in real-time without an internet connection. Bitcoin ATMs allow crypto traders to communicate with various exchange platforms without stress.
Bitcoin ATM location in Egypt?
The location of the Bitcoin ATM in Egypt is at Cairo Travel Center in Cairo. You can buy Bitcoin in Egypt and also BCH, ETH, LTC, DOGE, DASH, XMR, and USDT for USD here.
These coins are also supported: Marscoin (MARS), USDC (USDC), DAI (DAI), Uniswap (UNI), Chainlink (LINK), AAVE (AAVE), Cardano (ADA), Decentraland (MANA), Illuvium (ILV), The Sandbox (SAND), Aavegotchi (GHST), Axie Infinity (AXS), Shiba Inu (SHIB).
The machine is so automated that you cannot withdraw more than $300 in your first transaction. However, after successful registration, the daily limit is $29,500 per user/day.
Is Binance legal in Egypt?
Yes, Binance is legal in Egypt. You must download the app, create an account, verify your account, and start trading.
Best platform to trade crypto for money in Nigeria
The best platform to trade cryptocurrency for money in Nigeria is Astro Africa. Astro Africa is a user-centric exchange platform that makes crypto trading easy for Nigerian traders. It doesn’t matter where you are in Nigeria; as long as your Astro Africa app is downloaded, you can easily trade Bitcoin for naira and get paid instantly. Visit our website right now or download the apps to create an account and start selling crypto for money at the best rates now.
