Thursday 4 January 2018

How to buy Bitcoin in Zimbabwe

Zimbabwe is a complicated market for bitcoin because the currency is distorted by premiums charged on bonded notes and bank balances to get actual United States Dollars. This results in a currency premeum , not price premeum on the Bitcoin.

There is only one known exchange in Zimbabwe, which is Golix where bitcoins are readily available although at a steep price. Prices are usually 60% above the international prices and do not instantly adjust to world price changes.  I will highlight in pictures

To register on golix exchange,
1 visit www.golix.com
This page will show up after connection



2. Sign up and verify your email and phone number

Use your email to sign up



3. Deposit your account using Ecocash or Local Bank Account

4. Place a buy order that match ask prices

5. When prices match your golix Bitcoin wallet is credited with Bitcoin

No comments:

Post a Comment

Whats next for Zimbabwean Cryptocurrency investors and users ?

RBZ directive for banks to end their relationship with cryptocurrency exchanges in May 2018 turned on a panic mode in the market. Many in...