A Step-by-Step-Guide on how to buy Bitcoin in Ethiopia
Sign up to Coinmama
Use the following button for signing up at Coinmama.
Use an email address, choose a username, and use a secure, strong password.
The infrastructure and website of Coinmama is secure and fast, so you're personal data is kept safe.
Verification of your identity
In order to buy BTC with EUR or USD, you’ll need to provide your country, date of birth, name and phone number as well as additional support documents which verify your personal identity.
The supporting documents are a valid ID, like National identity card (front + back), Passport or Drivers license and sometimes as well Proof of Residence Document like Utility bill(water, electricity, gas, internet, phone), Insurance statement, Residence certificate or Tax document.
Such an verfication of identity is there to forbid identity theft or fraud.
Start buying BTC by depositing EUR or USD
Staking your account with fiat currencies, like USD or EUR for exchanging can be done in a number of ways, including SWIFT, SEPA and domestic wire transfers or creditcard.
The variant you select will be based on your location and preference.
Once your fiat currency arrives in your account, that amount will be converted to BTC.
With your account you will as well have access to charting tools, advanced order types, leveraged trading and 24-hour global client support.
For buying Bitcoin you will also need to have a wallet.
Congrats! You have successfully purchased and safed Bitcoin in Ethiopia.