How To Buy Bitcoin With Mobile Money In Uganda

How To Buy Bitcoin With Mobile Money In Uganda

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Follow the instructions by the payment processor to complete the transaction. If the transaction goes through, your deposit will be created into your account.
To get started, you have to register on Binance. Use our referral link to get a 20% discount on trading fees.
Mobile money in Uganda is as old as the existence of bitcoin. It has been a little over ten years since mobile money was introduced in Uganda. Since then, the payment method has become the go-to for many in the Eastern African country.

Step By Step Guide: Buy Bitcoin With Mobile Money In Uganda on Binance

Binance is one of the best options for buying bitcoin with mobile money in Uganda. The biggest cryptocurrency exchange in the world enabled direct mobile money deposits from Uganda in 2020.
Did you know, you can buy bitcoin with mobile money in Uganda? This makes it possible for the over 20 million mobile money subscribers to purchase bitcoin.
Aside from that, it is one of the best ways to purchase bitcoin in Uganda. Have you ever used Binance to purchase bitcoin in Uganda? Let us know how it went in the comment section below.

  1. Sign up on Binance.
  2. Go to your wallet and search for ‘Ugandan Shillings (UGX)’ 
  3. Click on deposit
  4. Enter your payment details and complete the transaction
  5. Go to the ‘Buy Crypto” tab and select ‘Cash Balance.’

Step #1 – Sign up on Binance

You can complete the KYC process with a government-issued ID card like a passport or driver’s license. Now that you have an account, you are ready to buy bitcoin with mobile money in Uganda.
More articles on Binance:
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.

Step #2 – Make a deposit via Mobile Money

BUY BITCOIN ON BINANCE
You can purchase bitcoin with mobile money in Uganda using the steps below:
You can sign up with your telephone/email. The next thing will be to verify your email/phone. Binance requires you to verify your identity too.

Step #3 – Purchase Bitcoin

The post How To Buy Bitcoin With Mobile Money In Uganda appeared first on BlockNewsAfrica.
Next, you have to enter the amount of shillings (UGX) you want to spend on buying bitcoin. Click on ‘Buy BTC’ to proceed.
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Since it is a popular payment method, many people ask if they can transfer funds from mobile money to Bitcoin in Uganda. The answer to that question is yes, and we show you how in this article.

Bottom Line

On the web app, click on ‘Buy Crypto’ on the navigation bar and select ‘Cash Balance’ in the dropdown menu. Select your fiat currency on the new page. In this case, you will select Ugandan Shillings (UGX) since you are buying from Uganda.
Here is a quick summary of the steps involved:
Buying bitcoin with mobile money in Uganda is simple on Binance. It comes with a 3% deposit fee every time you add cash to your wallet. You have to deposit Ugandan shillings via mobile money on Binance. To do this, go to your wallet. Search for ‘UGX’ and click deposit when Ugandan shillings pops up.
You can buy bitcoin with mobile via the web app or mobile or desktop application.

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Select the mobile money option as your deposit method. At the time of writing, mobile money is the only method available, so it is selected by default. Enter the amount of money you want to deposit and click continue.
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