Buy Bitcoin in Egypt; Getting your hands on Bitcoin nowadays is a piece of cake, and the same goes for people in Egypt. It’s all pretty straightforward.
People buy Bitcoin for a bunch of reasons. Some want to invest and make money, hoping the value goes up. Others like the idea of a digital form of money that’s not controlled by any government. It’s kinda like having a virtual wallet. Plus, some see it as the future of money and want to be part of the tech wave.
Buying Bitcoin in Egypt is actually pretty doable. Here’s how you can go about it:
- Get a Wallet: First things first, you’ll need a digital wallet. It’s like your online piggy bank for Bitcoin. There are different types, like mobile apps or web-based wallets.
- Find an Exchange: Look for a platform that lets you buy Bitcoin. There are a bunch out there, so do a little research to find one that suits you.
- Sign Up: Create an account on the exchange. You’ll need to provide some basic info, kinda like setting up any other online account.
- Verify Your Identity: This step is for security reasons. You might need to share some documents to prove you’re you.
- Deposit Money: Time to put in some Egyptian pounds. Most exchanges accept local currency, so you can use it to buy Bitcoin.
- Place Your Order: Once you’ve got money in your exchange account, you can place an order to buy Bitcoin. You can decide how much you want and at what price.
- Confirmation: When your order goes through, you’ll see the Bitcoin in your wallet.
Which Bitcoin Wallet is Available in Egypt?
Setting up a Bitcoin wallet in Egypt is a breeze. You don’t need to be a tech guru to do it. Think of a Bitcoin wallet like a digital pocket to store your Bitcoin. There are several types of Bitcoin wallet available in Egypt.
- Mobile Wallets: Mobile wallets are like having your Bitcoin on your phone. They’re super handy for quick transactions. Just download a mobile wallet app, set it up, and you’re good to go. They’re perfect if you’re on the move and want easy access to your Bitcoin. The ones that are widely used are Trust Wallet and Metamask.
- Web Wallets: Web wallets are like using an online banking platform but for Bitcoin. You access them through a web browser, so you don’t need to download anything. Blockchain.com and Exodus are popular options.
- Desktop Wallets: These wallets are software you install on your computer. They give you more control over your Bitcoin but might need a bit more tech knowledge. They’re a good option if you want your Bitcoin to be more secure and don’t mind managing it from your computer.
- Hardware Wallets: These are like secure vaults for your Bitcoin. They’re physical devices you can connect to your computer or phone. Hardware wallets are considered one of the safest options because they keep your Bitcoin offline. Trezor is a popular option.
Is there Bitcoin ATM in Egypt?
You can find Bitcoin ATMs in Egypt. Just like regular ATMs dispense cash, Bitcoin ATMs allow you to buy or sell Bitcoin using cash or your credit/debit card. These special ATMs are like a bridge between the digital world of Bitcoin and the physical world of money. Bitcoin ATMs provide an easy way for people in Egypt to get into the world of cryptocurrencies.
Bitcoin ATM Location in Egypt
There’s a Bitcoin ATM right at the Cairo Travel Center in Cairo. This machine lets you buy different cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Dash (DASH,) Monero (XMR), and Tether (USDT).
Selling Bitcoin for Naira
Selling Bitcoin for Naira is a process that allows you to exchange your Bitcoin holdings for Naira, just like converting one currency to another. There are several platforms that allows you do this. Cardvest has gained popularity among Nigerians due to their favorable Bitcoin rates. This platform is appreciated for offering competitive rates that attract sellers looking to get the best value for their Bitcoin.
To start selling your bitcoin using Cardvest, you have two options: visit their website at cardvest.ng or download their mobile application from your app store.
Once you’ve chosen your preferred platform and signed up for an account, log in to access your dashboard.
Within your account dashboard, you’ll easily spot the “sell coin” icon. For instance, if you’re looking to trade Bitcoin, click on this icon and input the amount you want to sell in dollars. The rate calculator will convert this sum to Naira, giving you a clear idea of its value.
Upon clicking “sell coin now,” Cardvest’s system will provide you with a unique Bitcoin wallet address. Your next step involves sending your Bitcoin to this address. Depending on the amount of Bitcoin you transfer, your account will be credited accordingly.
Rest assured, the process doesn’t take long. In a matter of minutes, your transaction will be verified, and your account will be credited with the corresponding Naira value.
