Because of the Bitcoin restrictions in most of the leading African countries, exchanges such as Binance, OKX, HitBtc, and the rest are not very popular in Africa; the most popular platforms are p2p exchanges such as Paxful, localbitcoin, and the rest. Binance may be the world's largest cryptocurrency exchange in terms of trading volume, but it is not the most popular in Africa. Right now, there are more Nigerians on Paxful than on Binance.
Some people may not use exchanges like Binance because they want to use ads for P2P trading, this is easy on Paxful, even someone that just registered can display ads on Paxful (correct me if wrong) unlike Binance that you will need to have to make 20 P2P trades before you can do that (that can be frustrating to some Nigerians). But there are many Nigerians on those exchanges, especially Binance and Huobi.
Another reason why P2P platforms such as Paxful and LocalBitcoins are more popular in Africa than Binance is that P2P vendors on Binance are charged 0.2% 0.5% on each transaction, which is why most vendors charge N100 for VAT charges.
Weldone everyone abeg I one make a request, as of now many people dey believe say the Altcoin season go lap for Crypto market soon, although I no dey believe in speculations, I gats the plan for anything, so I one request say make we share our Altcoins experience, the way we choose altcoin, anyone that has giving us financial heart ache and those that put smile on our faces.
I no many of us go benefit from this kind talk.
If you want to invest in altcoins, you should avoid Twitter crypto influencers and YouTube influencers because the majority of them are paid to hype shitcoins. The most promising altcoins to invest in for the long term are blockchain coins and multi-chain tokens. This is the best time to invest in altcoins, and I'm holding some of the best tokens/coins that I believe will skyrocket in the next 2-3 years: #ADA, #ONE, #MATIC, #SPELL, #AVAX, #LUNA, #CAKE. If you hodl these coins now, they will do well in the next 2-3 years.
Meme and Gamefi tokens are the best options for a short-term investment.