How and Where to Buy Ethereum ETH in Cameroon in 2024

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Price Ethereum Ethereum

3 644.13 $ ▼-5.64%

The rapid development of blockchains and the world of cryptocurrencies and their decentralized nature are making them increasingly accessible worldwide. That's why it's quite easy to buy Ethereum in Cameroon nowadays.

Within the entire crypto market, the largest and most important exchange is Binance. Its market volume is much higher than the second largest exchange, and yet it has never had any major security issues. Therefore, buying Ethereum is safe on Binance.

To invest in Ethereum in Cameroon through Binance, simply follow these steps:

How to Buy Ethereum ETH in Cameroon with Binance

  1. Register on Binance

    2. It's very easy, you only need an email and a password. You can do it through this link.

    Anti-money laundering and anti-terrorism laws in many countries require exchanges to request personal information from their users, such as a selfie or photos of the ID. This process is known as Know Your Customer or KYC. If you want to avoid giving this type of information, we recommend reading the article about exchanges without KYC.

  2. Deposit FIAT money into your account. You can do this via bank transfer or credit or debit card.

    3. For this, go to the "Wallets" menu, click on the "Deposit" button, and finally on the "Fiat" tab. Binance has more than 25 different FIAT currencies in which you can make your deposit.

  3. Open an order to buy ETH.

    4. You can do this in the "Markets" menu. In the search engine, enter the ticker of the cryptocurrency (ETH in this case) and buy Ethereum on the "Buy ETH" button.

    Not all cryptocurrencies have a pair with FIAT currencies. When you search for the ticker, the currencies you can exchange them for will appear. If your FIAT currency is not among them, you will have to take an intermediate step: Exchange the FIAT for one of the currencies on the list. Normally these intermediate currencies are BUSD or USDT. They are a type of cryptocurrency called stablecoins whose value is always 1:1 against the dollar. That is: You will not lose money in this intermediate transaction. You will only have to pay the commissions, which in the case of Binance are very low, only 0.1%.

  4. When your order is executed, you will have Ethereum in your Binance wallet. Enjoy your cryptocurrencies!

Another alternative to buy Ethereum in Cameroon is Nominex. Buying cryptocurrencies on Nominex is the same as doing it on Binance since it is an official broker of the latter. That is, it has all the liquidity and pairs that Binance has, but with a couple of advantages over it:

  1. It has lower fees and you can even pay 0% for each swap. How? We explain it in the article "How to buy cryptocurrencies without paying fees".
  2. It is an exchange without KYC. That is, to operate on the platform you only need an email and a password.

However, Binance is not the only one. There are many other similar and equally secure exchanges in the market. Some of our recommendations for buying ETH in Cameroon are:

  • Coinmama is often one of our first recommendations, why? Because it is a non-custodial exchange. This means you can buy ETH directly with your wallet and not be exposed to hacks or exchange closures, as happened with FTX. You can register through this link.
  • Bitget offers a great advantage over its competitors as it is the only commission-free exchange in its spot market. It does have commissions, although very low, in its futures market, but this product is intended for professional traders. You can buy ETH from the "Buy cryptos" tab, under the "Third-party payments" button. Register through this link to buy Ethereum without commissions. If you are curious, you can read the article about exchanges without commissions
  • Coinmetro gives away $10 in its XCM token just for depositing $50 in any currency, but only if you register with this link. For example, if you want to buy $50 of ETH. In Coinmetro, you can deposit the $50 to buy Ethereum and thus receive $10 in XCM which you can also sell to buy more ETH. This way, the average purchase price will be much lower than the market price at that time.
  • Nexo is another great option for acquiring Ethereum. It is the platform with the best returns in its staking system. The biggest advantage is that when you make a purchase on Nexo, it actually searches among all the largest exchanges in the market to see where it is cheapest and makes the transaction there (all without the user realizing anything). This, added to the cashback on its commissions and its free crypto withdrawals (they pay the network costs), makes it one of the best options for saving with your cryptocurrencies. If you register through our link, you will receive a $25 bonus in BTC for just depositing $100 in any currency and keeping it for at least one month. Register in Nexo here.
  • Gate.io is another of the large exchanges for its low commissions and its large number of cryptocurrencies. In addition, if you register with this link, you will enjoy a 10% discount on commissions forever and $30 for depositing a minimum of 0.05 BTC in any currency.
  • KuCoin será seguramente una de las mejores plataformas para comprar ETH debido a sus bajas comisiones y a su amplio abanico de criptomonedas disponibles. Sin embargo, en su plataforma no puedes comprar criptomonedas con tarjeta bancaria. Si aún así quieres probar KuCoin, tiene un 5% de descuento en comisiones para siempre si te registras a través de este enlace.
  • Huobi es uno de los mayores exchanges del mercado, con una amplia gama de criptomonedas. Puedes comprar Ethereum en Cameroon a través de Huobi si te registras aquí.
  • Coinbase: Un exchange que cotiza en el Nasdaq que se caracteriza por su usabilidad. Tal vez la manera más fácil de comprar Ethereum. Recuerda que Coinbase te regala 10$ si te registras a través de este enlace y realizas una primera compra superior a 100$. Actualmente Coinbase no tiene ninguna oferta de bienvenida vigente.