Uganda is obviously not envolved into the crypto market that much and this makes a little bit hard for a newbies. It's hard in this market to cope on with, without any guidance from the already participants. I remember when I just have that thought of getting into this industry.
Self learning isn't always that easy but I was willing to learn from any possible way I could. I didn't have any friends who were doing cryptos before. So, I decided to makes the internet my friend and teachers to walk me through it all though most of the time I have figured out most of stuff in order to make sense.
As in this case, it's just about Bitcoin wallet and that's all should matters which we agreed to walk to you through it all from first step to the last step. But we decided to go beyond just best Bitcoins wallet in Uganda in article. That's all intended to give you a little clarification on what you just started.
List of the best Bitcoin wallet in Uganda.
Before we start listing these wallets down here let me make something clear to you all. The moment you type on google "Bitcoin wallet in Uganda" the most of websites that pop up in the search results almost have no clue of what work best in Uganda.
First thing we need to bare on mine to see if any of Bitcoin wallet really prioritize Uganda in this program is determined by Mobile money transaction option. Because Mobile is the most used mean of transaction in Uganda than any banking transaction in a large scale.
I know that mobile money is quite limit when it comes to how much money it can take or how make money it can deposit and withdraw which all go up 5,000,000Ugx and which is barely around $1300 to $1400 which is still a lot of money in Uganda.
So, basically throughout our list we'll show only Bitcoin wallet that have Money money inside it. Because it makes transaction easier than using a bank.
Talking about Bank it clear to see that not more of people have Bank accounts in Uganda. This is due to ongoing crisis in the country but this shouldn't be a reason to stop people people investing crypto industry.
As we're listening these wallets be sure to follow up precisely. So, you won't miss any important information regarding a particular wallets. Not every single one of these will sounds like the better wallet because they are slightly different and you'll have to choose the one you prefer.
1. Paxful
This is the first Bitcoin wallet in our list, it's literally one of the best Bitcoin wallet that you'll ever see working smoothly in Uganda. With the fact that it's convenient, we couldn't resist it from entering our chart of best Bitcoin wallet in with.
It's not only Bitcoin transaction that Paxful facilitates, it also facilitates the transaction of Ethereum and Tether which is incredible. Now you have the best choice of cryptocurrency at your fingertips which you can buy on the same platform and sell it whenever you.
Not to forget the biggest reason why you should buy buy at the moment as the market is dipping. This is like the best time to get in crypto market as a lot of successful crypto investors says.
Currently the Bitcoin prices are dipping which makes it easier for newbies to take advantage of these lows prices for a more gain later when the price rise up again. So, the point is that you need a wallet that can keep you Bitcoin safe and that's exactly what Paxful is all about
Paxful have a variety of transaction method which is how to deposit and withdraw your fund. You already know that we're more interesting in the wallet that proritize mobile money. And that is exactly what we're talking about if we say Paxful is one of the best Bitcoin wallet is Uganda.
So, it doesn't really matter if you used MTN mobile money or Airtel mobile money. All the transactions networks are available 24/7 so you have nothing to worry about.
The best thing about Paxful is that that you don't need to verify you identity in order to buy or sell your Bitcoin because they platform has been design to be transparent and fair to all the user. So your the chance of losing money of Paxful are rare.
Paxful is more like all in one platform, this means that you can buy, sell and store you cryptocurrency inside it. There are different sections on the platform which gives you a space to store your Bitcoin, Ethereum and Tether separately.
And there is a space for market, where you can go and buy or sell your cryptocurrency to other members of the Paxful community. You can download the app later after you have created your account.
2. Purse Exchange
This is one one of the best option of Bitcoin wallet in Uganda. And this works pretty well that I'm sure, if you ever give it a trial, you would love it. Again Pursa is in a good position in what they do. This platform came into the scene back in 2017 when Bitcoin wasn't this big.
They hold their ground flour almost 6 years as for the time of writing this article. The review from users in not that bad even though not a lot of users shared their experience about they app.
What makes it a lot better is the fact that all the transactions are made instantly without having to wait for 3 to 7 business days. Here they moment you buy a Bitcoin into your wallet, you get it your wallet the next second. It's a high technology programmed Bitcoin exchange platform.
Pursa Exchange is not just operating in Uganda, it's working in about 230 countries around the world which makes it too big and trustworthy. Like if all these people from different parts of the world participate in for over 5 years, why not give it a trial?!
This platform is not just a random cryptocurrency platform. It's a platform dedicated to the mighty Bitcoin allow, so here we focus on Bitcoin which makes it convince to buy and sell your Bitcoin in a very short time.
Withdrawal on Pursa Exchange is also instant, the fact that no delays encourage on this platform earn it all it success. I mean not a lot of Bitcoin exchange platform does the instant transaction in the blink of an eye.
There are 4 transaction method that one or two should be able to work for anyone. As you already know the culture, Mobile money is a must case in this article. So, we have the option of mobile money, US Bank transfer, EUR Bank transfer and Visa ou Mastercard.
The only one thing that's lacking in Pursa Exchange is the option to recieve Bitcoin from other wallet. I think this was done on purpose by the developers in order to maintain the market as they already have buy and selling market place on the app. But you can buy, sell and withdraw your fund into your mobile money anyway in Uganda.
3. Binance
This should the most exciting part of this article, the mighty Binance is featured on this article. This means that the Uganda's cryptocurrency market is now being considered in the international cryptocurrency market.
Binance is literally one of the biggest cryptocurrency wallet on planet earth. It's serving over 120,000,000 crypto traders from different parts of the world. There is no doubts that Binance is a multi billions dollars cryptocurrency exchange company.
Throughout this article we merely focused on the best Bitcoin wallet in Uganda with mobile money and that's why you haven't seen some of the big name in the crypto exchange market who are of the same status as Binance.
Such of Blockchain and Coinbase wallet are left out of this article because I know well what wallets the Uganda's cryptocurrency market needs. Unlike some of the article that pop up whenever you type "Best Bitcoin wallet in Uganda" on google.
Some of these bloggers have no idea of what work best in Uganda. They just go ahead and change the title of the article just like the "Best Bitcoin wallet in USA" is switch up to "Best Bitcoin wallet in Uganda". The don't understand that these are two different countries and people from these countries have different preference.
So, Mobile money transaction method is very vital across the nation wide of Uganda. Binance understood that and went ahead to full the Uganda's crypto traders wish of add mobile money into the system of Binance.
Binance has recently gained millions of users on the platform following their partnership with the biggest and the most famous football player in the world. I guess you already who I'm talking about here, It's Cristiano Ronaldo of course. He had a partnership with Binance few months again which made a lot of impact on the platform.
Binance is not just about Bitcoin alone, there is over 350 cryptocurrency that you're allowed to trade anytime any where in the world. But before you start trading you Bitcoin or whatever cryptocurrency on Binance, you're required to first confirmed your identity which asks for your government an authorized documents like passport, driving license or national ID.
In conclusion
In this article we have outline and talk about the best Bitcoin wallet in Uganda which support Mobile money option of transaction. We have provided you with all the relevant information you need in order to start using one of the these today. So, at this point it's all up to you to pick what's best for you.
