We had a blast last week, it was a demand topic which we decided to put in a blog so others can benefit from it. Most African countries are import-dependent and one of the pains importers have is paying for their imports, it’s always costly. Cashwyre proffered a very convenient, cost-effective, and fast way to pay suppliers GLOBALLY using Cashwyre. Read more here.
Today, we will also go through a topic that is asked very often by our esteemed customers: “How to buy Bitcoin with Local currency on Cashwyre”. Today’s blog will be so precise and will reference other articles we have written that address some points in detail.
Steps on how to buy Bitcoin with Cashwyre
Step 1: Register on Cashwyre with your valid information. Go to Android store or app store to download the Cashwyre app.
Step 2: Complete your 3 steps verification in minutes. This allows you to enjoy all the services on Cashwyre without restrictions.
Step 3: Fund your Cashwyre account using any of the available options which are local currencies, Foreign Currency, and Cryptocurrency (USDT, USDC). The image below shows the Fund-wallet options available on Cashwyre. For more in-depth, read on how to fund your account, use here.
Step 4: After you have successfully funded your Cashwyre wallet using your local currency e.g. Nigerian Naira, Ghana Cedis, etc, click on the Buy button which is under the BTC Balance to buy Bitcoin. Enter the amount you wish to purchase, and proceed.
Step 5: Enter your PIN after supplying the amount of Bitcoin you want to purchase. Please note that you can supply the USD value or the Bitcoin value, and the system will do the conversion automatically. Once your correct PIN has been supplied, your Bitcoin will be instantly purchased and credited into your BTC wallet. You may choose to send the Bitcoin to an external address or have it kept in your BTC wallet.
In sending Bitcoin to an external address, care must be taken to ensure it is being sent to the correct address to prevent permanent loss of funds.
In summary, buying Bitcoin on Cashwyre is very simple and can be done in a few clicks. We have been able to walk through the easy steps necessary to buy Bitcoin using Cashwyre.