When selecting a cryptocurrency exchange, it is very important to consider factors such as supported cryptocurrencies, trading fees, security measures, user interface, and available trading features to ensure the platform aligns with your trading needs and preferences.
In 2025, several cryptocurrency exchanges operating in Africa offer competitive trading fees. Here are some notable exchanges to consider:
1. Binance
Overview: Binance is the GOAT crypto exchange and a leader in the crypto industry. Binance is known for its extensive range of digital assets, high liquidity, user-friendly tools, robust security and for its versatility.
Fees:
Spot Trading: Binance's fee structure is competitive, with maker fees at 0.1% and taker fees at the same rate. These can be further reduced to 0.075% for both if you use Binance Coin (BNB) for payment.Futures Trading: Offers even lower fees, starting at 0.02% for makers and 0.05% for takers, with a 10% discounts when using BNB.
Accessibility:
Highly accessible with local support in countries like Nigeria and South Africa, offering P2P trading and mobile apps for both iOS and Android.
Why choose Binance?
Wide selection of cryptocurrencies and trading options including futures.Strong liquidity, which is vital for executing trades at favourable prices.Educational resources and staking options for passive income.Robust security measures.
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Create a Binance Account2. Kraken
Overview: Kraken is a United States–based cryptocurrency exchange, founded in 2011. Kraken also caters more directly to the African market.
Fees:
Kraken Pro: Kraken Pro offers lower fees, with maker fees from 0% to 0.25% and taker fees from 0.1% to 0.4%
Accessibility:
Kraken accepts users from most countries worldwide, with a few exceptions based on local regulations.
3. KuCoin
Overview: Kucoin is a Seychelles-based cryptocurrency exchange. It was founded in China in 2017, but was later moved to Singapore.
Fees:
Spot Trading: Standard trading fees are 0.1% for makers and 0.1% for takers, but they can be reduced significantly for payments made using KuCoin Token.VIP users: VIP users enjoy further reductions in trading fee,
Accessibility:
KuCoin supports a broad range of countries, though users in Africa might need to navigate through less localized services
Most of the global crypto exchanges operates in Africa. However, they're some other notable exchanges that operates only in Africa:
4. Luno
Overview: Luno has been significantly involved in the African cryptocurrency market, especially in countries like Nigeria and South Africa.
Fees:
Trading Fees: Your fee is determined by your trade volume over the last 30 days, excluding the current day. Your 30-day total trade volume is calculated by our system each day at midnight, 00h00 GMT.
Accessibility:
Strong presence in Africa with local currency support like the South African Rand and Nigerian Naira, making it highly accessible for African users.
5. VALR
Overview: VALR is a cryptocurrency exchange that allows users to buy, sell, and trade digital assets. It's based in Johannesburg, South Africa, and is the country's largest cryptocurrency exchange.
Fees:
VALR has a tiered fee structure. Clients are assigned to a tier based on their 30-day rolling volume on spot and futures pairs. Clients can qualify for a specific tier through spot or futures volume; the same most favourable tier applies to both categories.
Accessibility:
Strong presence in South Africa with plans for wider African expansion.
6. Yellow Card
Overview: A Nigeria-based exchange that has expanded across Africa.
Fees:
Trading fees: Yellow card is not transparent with their trading fees unlike other platfroms. The exchange claims to have added the fee to the price of asset when buying or selling.
Accessibility:
Supports local currencies across 14 African countries, making it user-friendly for Africans wanting to trade with their native currencies.
Final Thoughts
When choosing a crypto exchange in Africa, it is crucial to consider not just the fees but also the ease of use, security, and the range of cryptocurrencies available. Binance and other exchanges offer vast selections and global reach, while local exchanges like Luno, Yellow Card and VALR cater more directly to African users with local currency support.
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