Question 1

What crypto and Web3 products are listed in this directory?

Accepted Answer

This category includes cryptocurrency exchanges, digital wallets, blockchain-based payment platforms, stablecoin services, DeFi protocols, and Web3 infrastructure tools that operate in or serve African markets. Each listing includes details on supported coins, trading fees, security features, and regulatory status.

Question 2

Is cryptocurrency legal in Africa?

Accepted Answer

Cryptocurrency regulation varies by country. Nigeria allows crypto trading through licensed exchanges but restricts banks from processing crypto transactions. South Africa treats crypto as a financial product under FSCA oversight. Kenya and Ghana have evolving frameworks. Always check the current regulatory status in your country before using any crypto platform.

Question 3

How do Africans use cryptocurrency in everyday life?

Accepted Answer

Many Africans use crypto for cross-border remittances to avoid high fees, as a store of value against currency depreciation, and for international payments where traditional banking is limited. Stablecoins like USDT and USDC are popular for holding dollar-denominated value. Peer-to-peer trading platforms have particularly strong adoption in Nigeria and Kenya.

Question 4

What should I look for when choosing a crypto exchange in Africa?

Accepted Answer

Prioritise security features like two-factor authentication and cold storage. Check supported fiat currencies and local payment methods such as mobile money and bank transfers. Compare trading fees, withdrawal limits, and KYC requirements. User reviews on this directory can help you gauge reliability and customer support quality.

Question 5

What is the difference between centralised and decentralised crypto platforms?

Accepted Answer

Centralised exchanges (CEXs) are operated by companies that custody your funds, offer customer support, and handle compliance. Decentralised exchanges (DEXs) let you trade directly from your wallet without an intermediary, offering more privacy but requiring more technical knowledge. Both types are listed in this directory with clear labels.

Best Crypto & Web3 Products in Africa (2026)

Exion

Alloyx

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