How to Buy and sale bitcoin securely in Cameroon.

 How to buy bitcoin or sale bitcoin in Cameroon without being scammed.

 

According to Wikipedia, 

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.

Bitcoin has grown in use rapidly ever since it was lunched in 2009. Being a global currency, bitcoins have been used in almost all countries in the world today not excluding Cameroon, many people get excited when they get of bitcoins, because they feel it is a source of income which can make them rich, but in reality bitcoin is just another currency like the France CFa.

never the less they are several methods you can use to earn money with bitcoins, we will not go through that in this video, our focus here is to learn how to buy and sale bitcoin online without loosing your bitcoins or money into the hands of scammers.

How to Buy bitcoin without being scammed.  

 

There are few sites where you can safely buy bitcoin from in Cameroon in small quantity, using methods such as mobile money. If you have a bank card and wish to buy in large amount, then there are torns of sites where you can buy bitcoin from.

But in case you want to buy just a small amount of bitcoin then there I will list with you the 2 sites I have used myself, and carried out successful trades with. 

The 2 sites are Paxful and Local Bitcoins , with these sites you will find other users who are willing to sale bitcoin. When you get to the site you will find a list of traders from Cameroon, there are a few aspect you should look for in a trader when buying bitcoins from Paxful and Local Bitcoins which I will list below.

1. you will find the sellers name and when the trader was last seen on pax, what you should take note      of here is the time last seen, always open trade with people who are seen just now or recently just            seen

2.  Here you will find at the top the payment methods you can use to purchase bitcoin from that trader, for example there is MTN mobile money, Orange Money, Money gram, western union, and many other payment methods available.

Under the payment method you will find some restrictions that are not allowed by the trader.

3. That shows the trade limit of the trader, always chose a trader who can trade within the amount of money you have.

4. And finally there you will find the traders rate per bitcoin, what this means is if the trader was to sale you 1 BTC that is the rate at which he will sale you 1 BTC. this part is also important, always look for a trader who offers 1 BTC at a low rate.

Buying bitcoin is less secured than selling bitcoin so you should always look at remarks from the trader, another aspect you can also use to ensure your trader is secured is his number of successful trades, on the picture above, the +89 in green beside traders name signifies the amount of successful trades carried out by that trader. 

How to sale Bitcoins on Paxful or Local Bitcoin in cameroon.

1. Here you will find at the top the vendors name, just below it the number of successful trades, and the last seen period.

2. Here you will find the Method the vendor is willing to use to purchase your bitcoins.

3. You will find the trade speed here, that is the highest amount of time the vendor will use to complete trade.

4. Another important section, here you will find at the top the rate per BTC the vendor is willing to buy, always look for a vendor who buys at a high rate. Bellow it you will find the selling limit, always choose a vendor who lies between your limit.

Final words.

As mentioned earlier selling bitcoins is always much safer than buying because when selling bitcoins the vendor sends you the money before you release the bitcoins, whereas in buying bitcoin you send the money first before the trader releases the bitcoins.

And we've come to the end of this article, if you have any further questions you can leave them in the comment section below or if you need to learn more on something you prefer to speak to me direcly you can message me on WhatsApp by  clicking the button bellow.