How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament.
Cryptos Narrowing Financial Exclusion Gap
Therefore, in their effort to reduce the number of people that have no access to banking services, Satoshi Nakamoto created Bitcoin, a decentralized digital currency and network that is available to anyone. Now, more than ten years later, the crypto asset has had successes in narrowing the financial exclusion gap as some financial services are now available to those lacking identification documents. is a peer-to-peer bitcoin cash (BCH) marketplace that’s available in every nation in the world.
However, the rising fees on networks such as bitcoin (BTC) or ethereum (ETH) mean the respective crypto assets may eventually become less accessible. Further, the imposition of KYC requirements by some centralized crypto exchanges or the enforcement of FATF rules means millions of individuals including many from Africa will soon be blocked from trading cryptocurrencies. traders from Kenya.
Nevertheless, some crypto exchange platforms like continue with their quest of making it possible for African users to have access to cryptocurrencies like bitcoin cash. Also, African users or traders will transact with the full confidence that the other party to the transaction will perform as agreed.’s blind escrow system ensures all parties play their part.
How to Start
So how can a prospective trader safely buy or sell bitcoin cash on The first step would be to go on and create an account. Creating an account on only requires one’s email address, a username, and a password. There is no KYC, an ID verification process, or geoblocking which often forces users from certain regions to use VPNs. Once an account has been created, the user is now ready to start trading. traders from Nigeria selling bitcoin cash (BCH).
To start trading, a prospective BCH buyer simply selects a trader from a list of sellers shown on the offers page. If the two traders agree on the sale, the transaction will proceed with the seller sending the BCH to a blind escrow account. The buyer is then expected to make the payment as agreed and once this has been received by the seller, the assets held in the escrow account will be released to the buyer. Every country in Africa is listed on’s peer-to-peer bitcoin cash (BCH) market like Nigeria, Zimbabwe, Ghana, South Africa, Kenya, and specific populated cities as well.
No Censorship
Meanwhile, because is a peer-to-peer platform, traders can agree on a payment method that satisfies both parties. Since is decentralized, there is no way even the company’s staff can censor or stop certain transactions. Like onchain bitcoin cash (BCH) transactions, exchanges between two parties should be censorship-resistant as well.
To Illustrate, BCH buyers from countries like Zimbabwe, which is blocked from accessing the global financial system, will state their preferred methods of

Post written by our friend Terence Zimwara and Syndicated from
Ledger Nano S - The secure hardware wallet

Syndicated from