Compare your Top 3 Bitcoin Exchanges
Choose Provider 1:
Choose Provider 2:
Choose Provider 3:
Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
US Friendly!
88 88
Pro
  • Low fees
  • Excellent liquidity in both USD and EUR markets
  • Margin and futures trading supported
  • Only exchange platform selected to support investigation into Mt. Gox's stolen Bitcoins
Contra
  • Sometimes has uptime problems when market gets hot.
  • Verifications take time.
  • Unlike many other Bitcoin exchange platforms, it does not work as crypto wallet.
  • Although it is not solely a Bitcoin exchange for US, Kraken has a lot of restrictions for a wide range of countries, specially for credit card purchases.
Has been hacked? No Fees
Deposit Fees:
10 USD for FedWire (Silvergate) 5 USD for FedWire (Synapse) 10 USD for SWIFT (Silvergate Bank) 3 USD for SWIFT (Bank Frick) 3 EUR for SWIFT (Bank Frick) 1.25 CAD + 0.25% of the transaction for In-person cash or debit (Canada Post) 1.5% of the transaction for Interac e-Transfer 3 CAD for SWIFT (Bank Frick) 21 GBP for CHAPS (ClearJunction) 3 GBP for SWIFT (Bank Frick) 0.75 CHF for SIC (Bank Frick) 0.75 CHF for SWIFT (Bank Frick)
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 5x
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Anonymous, No KYC
80 80
Pro
  • 2FA ensures security
  • High leverage (up to 100x Cryptocurrencies, up to 1000x Forex)
  • No KYC required
Contra
  • Not widely known yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.001%-0.05%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 1000x
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All in One
80 80
Pro
  • Very low fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Customer support lacks phone
  • Has been hacked one time (but compensated their users)
  • Different domains for US and the rest of the world
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.012% - 0.10%
Security Ok Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 20x
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80 80
Pro
  • “Real” Decentralized Exchange
  • Anonymous
  • Account creation is fast and very easy (not required to complete KYC/AML)
  • Accepts Fiat payments
Contra
  • In Business only since 2016
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
Yes
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? None
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90 90
Pro
  • Fast account creation
  • Real-time auditing
  • High leverage
Contra
  • Only Bitcoin and Ethereum trading
  • Not user-friendly
  • Website design is confusing
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Depends
Trading Fees:
-0.01%-0.05%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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High Volume
76 76
Pro
  • High liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative, paid back all the losses from the hack (!)
Contra
  • Not a transparent company
  • Has been hacked multiple times
  • Controversial connection to Tether
Has been hacked? Yes Fees
Deposit Fees:
No (only for FIAT)
Withdrawal Fees:
Yes
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 10x
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Buy w. Credit Card
80 80
Pro
  • Reliable order execution
  • Wire Transfer & Credit Cards
  • Instant buy option of coins
Contra
  • Premium on prices
  • Support’s canned responses
  • Verification process is a bit demanding
Has been hacked? Yes, hacked in 2013 Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.25%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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80 80
Pro
  • Easy account creation
  • No minimum deposit
  • Awesome interactive website
Contra
  • Unregulated
  • Some negative reviews
Has been hacked? Yes (2016, but only email system) Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
No
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 500x
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84 84
Pro
  • Safe and decentralized trading
  • Arbitrators
  • 2-out-of-3 multisig security in trades
  • Wide selection of FIAT and Crypto Currencies
Contra
  • They need more aggressive advertising
  • More active development
  • They need to team up with other companies
  • High fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.001% - 0.009%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • using Meta Trader 5
  • lot of different coins are supported
  • leverage up to 20x
Contra
  • very new exchange with no real track record
  • only crypto deposits are available
  • can be confusing for newbies
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Miner fee
Trading Fees:
0,2%
Security High Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 20x
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Great for Credit Card
82 82
Pro
  • A lot of different payment method
  • Strict security standards
  • Trustpilot reviews
Contra
  • Verification needeed for full access
  • Some US states are not supported
Has been hacked? No Fees
Deposit Fees:
Yes (for Credit Card Payments)
Withdrawal Fees:
Yes
Trading Fees:
N/A
Security Trading
Futures? No
Derivatives? No
Margin Trading? No
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Anonymous P2P
90 90
Pro
  • Many coins and payment methods supported
  • Multi-blockchain P2P exchange
  • Transparency about company background
Contra
  • Reliability of service is depending on the sellers on the platform
  • Too many options to choose from can paralyze users
  • High crypto prices
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
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86 86
Pro
  • No fees
  • No KYC or registration
  • Quick execution
  • Advance Cash is supported to cash out crypto
Contra
  • Higher cryptocurrency prices
  • Too less information in the FAQ section
  • No fiat payment option
  • Limited number of supported coins
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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88 88
Pro
  • Low fees
  • Futures trading options
  • Leverage up to 100x
Contra
  • Lack of real user experience online
  • No social media activity (Twitter suspended)
  • Users from the US are excluded
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.005%-0.060%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Great for EUR/USD
82 82
Pro
  • Has not been hacked
  • Great to buy Bitcoin / Ethereum with FIAT
  • Easy to use exchange interface
Contra
  • No trading platform
  • KYC needed
Has been hacked? No Fees
Deposit Fees:
No (for min. deposits)
Withdrawal Fees:
Yes
Trading Fees:
0.05%-0.15%
Security Excellent Trading
Futures? No
Derivatives? Yes
Margin Trading? No
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Easy to use
76 76
Pro
  • High liquidity
  • Integrated debit and credit cards
  • Newbie friendly
Contra
  • Major violations of users privacy
  • High Trading Fees for < $50k Trading / Month
  • Segwit still not supported ( = high TX fees )
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.50%-0.05%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Popular Newcomer
78 78
Pro
  • low trading fees (rebates for market makers!)
  • no KYC process
  • sign-up and deposit bonuses
Contra
  • No information about the company
  • No fiat trading option
  • New trading platform with no real social media activity
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0,025%-0,075%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? Yes, up to 100x
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86 86
Pro
  • no trading commissions
  • rewards system after open trades
  • offers to trade forex and gold too beyond crypto
Contra
  • no real online presence of the company
  • US users are not accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 50x
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Lots of Altcoins
80 80
Pro
  • User-friendly Interface
  • Security -Yobi codes (deposit codes)
  • Free Coins
Contra
  • Many Negative reviews
  • Very high withdrawal fees ( > 0.001 BTC)
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Excellent Trading
Futures?
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Good reputation
  • High volume and liquidity
  • Connections in the industry grant it additional legitimacy
  • Easy to use and quick
Contra
  • High Trading Fees if you are trading lower volumes
  • More negative comments in the recent past
Has been hacked? Yes, in January 2015 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.5%-0.10%
Security Very Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Pro
  • N/A
Contra
  • N/A
Has been hacked? No Fees
Deposit Fees:
TBD
Withdrawal Fees:
TBD
Trading Fees:
N/A
Security N/A Trading
Futures? None
Derivatives? N/A
Margin Trading? None
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80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
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68 68
Pro
  • Easy account creation
  • Online and Offline payment options
  • Easy to operate platform
Contra
  • Fees are high (3-11.9%)
  • No leveraged trading
  • No App
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
0.25%-8.75%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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72 72
Pro
  • 140+ currencies available
  • Accepts Credit Cards
  • 2FA Security
  • No verification for crypto to crypto
Contra
  • High transaction fee of 0.5%
  • Negative comments from the community
  • Still a lot to prove (a fairly new company)
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.50%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy to use website
  • Great features
Contra
  • Verification process is long
  • Focused on Argentinean market
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
$20
Trading Fees:
0.50%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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82 82
Pro
  • low commissions
  • No KYC needed for crypto only deposits / withdrawals
  • good resources on trading and cryptocurrency
  • UK phone hotline
Contra
  • no information on the company background
  • US users are restricted
  • only cryptocurrency deposits are accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up-to 50x
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Best Support
60 60
Pro
  • Superb liquidity, often the best in the world
  • Many advanced trading options
  • Low fees
Contra
  • Sometimes foreign traders have problems with verification
  • Chinese Exchange (PBoC)
Has been hacked? No Fees
Deposit Fees:
In most cases no
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 3x
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82 82
Pro
  • margin trading available in less-known altcoins too
  • option to reduce trading fees
  • native token
Contra
  • not available for US users
  • site is not completely localized for English
  • KYC is needed for withdrawal
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0,04%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 10x
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90 90
Pro
  • Almost all countries are accepted (including some parts of the US)
  • Highest buying limit
  • Good Support
Contra
  • 3% fee
  • Some scam claims
Has been hacked? No Fees
Deposit Fees:
5% credit card fee
Withdrawal Fees:
5% credit card fee
Trading Fees:
5.90%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • 2FA
  • Low Fees
  • A wide range of coins
Contra
  • No Fiat Payments
  • Leverage not available yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.025%-0.075%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up-to 50x
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Fast Support!
78 78
Pro
  • Competitive fees
  • Good security
  • Accepts many different FIAT currencies
Contra
  • Website could use some improvements
  • Doesn't keep the pace with competition
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes, 1% + 5 USD
Trading Fees:
0.00%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
82 82
Pro
  • Trade gift cards for BTC instantly
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.00%-1.00% (with gift cards up to 5%)
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
66 66
Pro
  • Federally regulated
  • Available in all 50 states of USA
  • Good liquidity and competitive fees
  • Keeps BTC in cold storage, backed by audited reserve minimum
Contra
  • No mobile apps
  • No margin trading and short selling
  • No ACH transfers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
60 60
Pro
  • Easy account creation
  • Futures and Options available
  • Phone support
Contra
  • Beta phase
  • Platform design needs to be “optimized”
  • Does not support any Fiat deposit/withdrawals
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
-0.02%-0.03%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up-to 10x
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52 52
Pro
  • Support for numerous altcoins
  • Fast deposits and withdrawals
  • Competitive fees
Contra
  • Weak liquidity for some of the coins
  • No mobile apps
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.02%-0.18%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Show more Bitcoin Exchanges

Best Bitcoin Exchange for Cameroon

Cameroon – a country where tradition meets modernity, surrounded by breathtaking nature. Unfortunately, it is also a country that is particularly shaken by political unrest and rebellion in the border areas with the Central African Republic.

In the national parks elephants, lions, giraffes, but also rare birds of Africa can be observed in their natural surroundings. The Waze National Park, which consists of savannah and a few swamps, is especially recommendable. In the Da wildlife reserve, which lies on the river of the same name, you will find one of the best protected and largest rainforest areas with its wildlife.

Another natural beauty awaits the visitor of Cameroon at the Lobé waterfalls. The water masses of the Lobé River plunge here from 20 meters into the depth directly into the Gulf of Guinea. With Lake Nyos, Cameroon offers an additional natural spectacle of which only three are world-famous. Due to volcanic activity, carbon dioxide is stored in this crater lake at depth.

Mont Cameroun, which measures 4070 metres in altitude, is the highest mountain in West Africa in Cameroon. But from the much smaller Mont Fébé, which is located near the capital Yaoundé, one also has a good view over the landscape and the city.

The topic cash supply locally and the employment possibility of payment possibilities should be clarified before each journey. Interesting facts about means of payment in Cameroon, travel credit cards, exchange possibilities in local currency, card payment, unnecessary fees, and their saving, as well as some safety-relevant references are summarized in the following sections.

CFA Franc BEAC (XAF) – the local currency

Overview Banknotes CFA-Franc BEAC CameroonThe Franc de la Coopération Financière en Afrique Centrale, or CFA-Franc BEAC for short, is the national currency and therefore the official means of payment in Cameroon. The national currency is available in coins and banknotes as shown in the table below:

  • Coins: 1, 2, 5, 10, 25, 50, 100, 500 CFA-Francs BEAC
  • Notes: 500, 1000, 2000, 5000, 10,000 CFA francs BEAC

The national currency is limited to 20,000 CFA francs BEAC for tourism purposes and 450,000 CFA francs BEAC for import and export for business stays. Foreign currency, on the other hand, may be imported without restriction, but is subject to a declaration obligation. The export is limited to the amount declared upon import into Cameroon, minus the amounts exchanged.

Changing money in Cameroon

In larger cities of Cameroon, there are enough exchange offices and banks available to exchange money in the local currency, while outside the city it is often difficult to exchange money. Euro is exchanged without any problems, which is why there is no need to exchange it into the local currency at your local bank beforehand. It is advisable to take small denominations of euros with you to Cameroon and only exchange them as required, as a return exchange outside Cameroon is often only possible at a high exchange rate loss.

An exchange of other currencies, with the exception of the Euro, into the national currency is also subject to a high exchange rate loss. The redemption and exchange receipts should be kept in order to be able to present them on departure if required.

Banks in Cameroon are usually open from Mon – Fri between 07:30 and 12:30, sometimes until 15:00. Normally an exchange of money is carried out without charges. An exchange on the street is strongly discouraged. There often one cheats, by changing despite allegedly tempting offers to a substantially worse course.

Cashing traveller’s cheques in Cameroon

Traveler’s cheques are only advisable to take with you for security reasons, other means of payment such as a credit card is more effective for travel to Cameroon, it can be used more widely, and ideally, if you use a free traveler’s credit card, it is even free of charge. Because, depending on the bank, up to 5% fees are charged for cashing traveler’s cheques.

If you do not want to do without traveller’s cheques, we recommend American Express traveller’s cheques made out in euros. However, they should only be carried to Cameroon as an additional means of payment. A combination of cash, an EC card and at least one credit card makes sense in order to be flexible in all payment situations and Plan B-capable for emergencies.

Cashless payment in Cameroon

The option of cashless payment is basically possible in Cameroon, but mainly in hotels. Even in larger cities there is sometimes the opportunity to pay bills with your credit card. The Visa Card enjoys the highest acceptance. Nevertheless, one should not rely exclusively on the card payment in Cameroon and carry a corresponding amount of cash. EC cards with the Maestro or Cirrus symbol are only accepted to a limited extent for cashless payment. For each card payment, the credit card institute or house bank charges a foreign assignment fee. In order to find out the exact amount, you should contact the responsible institution before you start your journey.

The more cost-effective way to save the foreign assignment fee is to pay the bills directly in cash in local currency and first withdraw the required amount of cash at the ATM with a so-called travel credit card.

Withdraw money in Cameroon with an EC card

In all cities you can find suitable ATMs where you can also withdraw money with EC cards. It is important to know that the machines do not always function properly, are not sufficiently maintained or are not regularly refilled. Before travelling to more rural regions, it makes sense to withdraw sufficient cash in local currency in advance so that there is no financial bottleneck locally. When withdrawing money, it is important that the EC card bears the Maestro or Cirrus symbol.

V-Pay cards do not work in Cameroon for withdrawing money or for cashless payments. It is therefore advisable for V-Pay cardholders to carry at least one EC or credit card with them prior to travel.

When withdrawing money in Cameroon using the EC card, please note that the responsible house bank charges a foreign assignment fee. Depending on the bank, this varies between 5 and 10 euros and is charged per withdrawal. The more often an ATM is used, the faster the total fee increases. An economical alternative to circumventing these costs is here the travel credit card. Detailed information about it follows in the next section.

Withdraw money in Cameroon by credit card

With the help of a credit card, you can easily withdraw money in local currency in Cameroon after finding a functioning ATM. These can be found especially in the larger cities. One should always keep in mind in Cameroon that credit cards are accepted by the ATMs, but that many ATMs are out of order or can be empty. For this reason, it is advisable to always withdraw enough cash. When travelling to the more rural areas of Cameroon, it is also advisable to take sufficient cash with you.

With the common credit cards, the responsible credit card institute charges a foreign assignment fee for each withdrawal of money. This is usually between 1 and 4% of the total amount withdrawn. This fee can develop into an undesirable high cost factor in the course of the trip. However, in addition to conventional credit cards, there are so-called travel credit cards on the market which enable you to withdraw money free of charge in Cameroon and worldwide. The following link lists the banks that offer a free travel credit card.

Up to two weeks processing time should be expected, therefore it is advisable to apply for the card in good time before departure.

Cash withdrawal security in Cameroon

An official partial travel warning has been in force for Cameroon since 2015: the border areas to the Central African Republic in particular are considered unsafe due to rebel attacks. There are over 20 documented cases of kidnapping of foreigners. Depending on the destination and intention of the trip to Cameroon, you should definitely contact the Federal Foreign Office or the German Consulate on the spot. Unfortunately, Cameroon is also one of the countries with a high crime rate, regardless of the political explosiveness. Therefore, when travelling to Cameroon, special care should be taken when handling cash and valuables. Theft, especially in larger cities and tourist areas, is not uncommon.

It is advisable to carry a minimum amount of cash with you and distribute it among several bags. Even if finding a functioning ATM in Cameroon is a matter of luck, one should try to avoid dark alleys or inanimate places in order to safely withdraw money in local currency.

Otherwise, when withdrawing money in Cameroon, the usual rules apply as they do everywhere else: it is essential to ensure that the PIN is entered in a concealed manner and that the PIN and associated card are stored separately; the withdrawn money should be stowed away immediately and not carried around visibly for others. Unused cash, valuables or travel documents should be kept in the hotel safe. Regular checks of the credit card statement or bank statements can immediately reveal any misuse.

If the card is lost or stolen despite observing the security instructions, you should contact the blocking emergency service without delay and have the card blocked. The number of the blocking emergency call can be reached via the following link. This international blocking emergency call can be reached at any time of the day, any day of the week.