Over the years, Africans have increasingly become more interested in digital currency. Among other things, it has served as an alternate source of income for most people. This is due to the fact that trading and cryptocurrency investment are both freely accessible, do not require a lot of money to begin and have the potential to yield high returns.
Economists have also predicted that cryptocurrency will help in the development of the continent.
Despite the numerous benefits of cryptocurrencies, there are some drawbacks to be aware of.
Sanctions and Consequences
Bitcoin has no geographical limitations because it is a digital currency managed by blockchain technology that can operate independently of any country’s policies.
However, because most African governments are wary of crypto’s decentralized nature, transactions in numerous countries have been prohibited. In 2021, the Central Bank of Nigeria (CBN) penalized local banks for allegedly facilitating cryptocurrency transactions or accounts related to cryptocurrencies.
Despite the fact that Nigeria has the sixth-largest amount of cryptocurrency transactions in the world, ranking above the United States according to Chainalysis, the CBN still took action against cryptocurrencies.
As a result, the use of exchanges and other platforms for crypto transactions is increasing as people now prefer digital currencies to fiat money.
When selecting a platform, however, it is critical to keep safety in mind. It’s also critical to use the appropriate platform, one that not only facilitates but also empowers your cryptocurrency journey. The Bitmama App is the platform to use.
Now let us tell you why Bitmama App is so special:
Crypto beyond trading
As Africa’s first #cryptobeyondtrading platform, we aim to to make crypto a mainstream payment option for both crypto and non-crypto natives. This is why we have decided to explore the many use-cases of crypto in everyday life. A big part of this is our crypto virtual cards that allows you to immediately pay for things like groceries, taxis, and even airtime with cryptocurrency. Isn’t it cool? We agree with you.
Bitmama Earners Program
How does making more money sound? Bitmama allows you to earn by helping us onboard new users from your network. It is as simple as sharing a referral code/link to your friends and family!
The goal is to reward everyone who contributes to spreading the news about Bitmama exchange via our Refer and Win program.
Crypto updates
Bitmama allows you to receive real-time alerts and information about cryptocurrency trading in your inbox. Once you activate the “crypto price alert” in your Bitmama app, you will begin to get updates on changes in the prices of cryptocurrencies listed on the Bitmama app. This will enable you to make informed decisions with your crypto portfolio.
Buy crypto, pay later
Yes, you read it right! It’s amazing that you can collect loans without collateral from our platform to buy cryptos. We are the first in Africa to launch this feature.
Here’s how it works:
The loan period is for 30 days or longer with a monthly interest rate of 15%. You can buy BTC, ETH and CELO with this loan and it’s currently available in Nigeria, Ghana and Kenya.
All Bitmama users including first time users can access this loan. You can get a maximum of $50 for your first request. Your limit can increase overtime depending on how diligent you’re with repayment.
A safe crypto environment
Bitmama is an easy and secure place to keep your bitcoins. We take precautions to ensure that your Bitcoin is as safe as possible.
Furthermore, the Bitmama app functions as your safe crypto mobile wallet, allowing you to make purchases and send crypto to anyone who accepts it, such as friends or online stores.
All funds are stored offline, fully away from the internet, to maintain security. Your money is safe on our site since all accounts are two-step verified and we employ the most up-to-date encryption methods.
Versatility and ease of usage
Bitmama makes buying and selling crypto extremely simple. The buying and selling process is super easy once you’ve connected your bank account or other source.
In addition to the straightforward transaction method, there is a peer-to-peer trading feature that allows you to search for and trade with anyone wishing to buy or sell right on our app.
We’re also versatile because we keep improving and creating better features for our users.
Customer support
Bitmama is a people first platform. Our customer support professionals are always accessible to cater to your demands because we care so much about your interests when using crypto. We make you feel heard by resolving any difficulties you may have on our platform as quickly as possible.
We have gone a step further to create crypto-specific educational resources exclusively for you. Our newsletters, market insights, crypto news, and blog will undoubtedly help you navigate your crypto journey easily, whether you’re a newbie or an expert.
You can sign up for our newsletters here, as well as follow us on all of our social media channels and read our blog posts.
