East Africans and Kenyans are credited as early and fast adopters of new technology such as mobile money. Now, they too seem pretty excited by one of the hottest technologies in the past 3 years, cryptocurrency technology.
Unfortunately, access to cryptocurrencies from Kenya and Uganda and Tanzania has been limited. No one has built an online exchange service for us, one that is built for our needs.
Well, that was true until Pesamill Africa launched their services a few weeks ago to fill this void.
If you have been thinking about cryptocurrency and struggling with access to cryptocurrency from your home country, here are 9 reasons why Pesamill Africa is the best exchange for you.
1. An African Exchange, Built by Africans for Africans
Brian Ngugi, a Kenyan lawyer by profession, noticed that East Africans were paying up to 40% higher prices for Bitcoin than everyone else in the world. He decided to do something about it, by building a local cryptocurrency exchange with the help of a team of young talented Africans.
2. Fair Pricing Policy
The prices of cryptocurrencies on Pesamill are marked to market. This means the price of Bitcoin or Ethereum on Pesamill is the same as any exchange around the world.
Before Pesamill, East Africans were paying upto 40% higher prices than normal for lack of options. Now, you do not need to pay more just because you are African.
3. Access to All Cryptocurrencies You need
The top 5 most popular cryptocurrencies in the world are available to buy and sell on Pesamill exchange. These are Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple.
Up until now, East Africans could only access Bitcoin. But now, thanks to Pesamill, you can have your pick from the best options.
4. Smooth Sign Up Process
It only takes 5 minutes to open an account with Pesamill and start buying or selling cryptocurrencies. All you need is your local ID for the KYC process and within no time, you will set up and ready. Brian and the team at pesamill had to balance being compliant with Africa’s KYC (Know Your Customer) and AML (Anti-Money Laundering) policy while still maintaining a smooth customer onboarding process.
5. User-Friendly
you sign up, the first thing, you will notice is the user-friendly experience on both the web and mobile apps. Not all of us who are interested in cryptocurrencies are tech savvy. So the experience on Pesamill is designed for all mwananchi and wanjiku. Whether you are a banker or a hustler or in biashara. Pesamill wants every African to have an equal shot at access to cryptocurrencies.
6. Supports Local Payment Options
On Pesamill, you can make deposits and withdrawals in your local currency such as Kenya Shillings. What’s more, you can use local payment options such as Mpesa, Airtel, Pesalink, Bank and Debit card.
You no longer have to suffer the hassle of sending money abroad by converting it to foreign currency and waiting for days to make a deposit or withdrawal.
Pesamill allows you to connect to their exchange with the local payment options that we use everyday.
7. Peer to peer marketplace and exchange services
Pesamill’s marketplace allows individuals to sell or buy from other verified buyers or sellers on its online peer to peer marketplace. There is no fee charged for such trades by Pesamill, and you get to keep all your profit.
If however, you are looking for a quick trade, then Pesamill’s exchange service is available for you as another option.
Pesamill combines both exchange services and marketplace services under one roof to give you more options on how you would like to buy, sell or trade your cryptocurrencies. The first of its kind in Africa.
8. Top Notch Security
Pesamill recognizes the importance of security in the cryptocurrency industry. So they hired the best security firm from the United States to test its systems for any weaknesses.
Pesamill guarantees that your funds are protected at all times. Their security team continually works with ethical white hats to test their firewalls against attacks.
You can rest easy and trade knowing that your funds are safe.
9. 24/7 Customer Support
In case you are having any trouble on the exchange, you can reach out to the team at Pesamil at any time. They are always open to customer feedback and inquiries with a 24/7 round the clock support team
In fact, Brian the founder welcomes feedback and criticisms from their users and how they can improve your experience.
10. Flexibility
Pesamill is flexible. You can access Pesamill from any of your favourite devices whether it is at home or office on your computer or on the go via your mobile phone. You can trade cryptocurrencies whenever you need to, wherever you are.
Now that you are up to speed on Pesamill, its time for the final step.
If you have never dipped your toe into the world of cryptocurrencies or have only heard about, now is your chance. Head over to Pesamill.africa or go to your google play store, sign up and get started with as little as 500 Kes.
Be part of this ground breaking technology tthat is shaping the future of Africa.
