Hey @anita, it would be great if you can help me with my Africa-related issue. Are there direct and liquid markets to buy BTC with currencies from african countries? F.e. exchanges with ZWL/BTC or CDF/BTC trading pairs.

Also, how do I find out the unofficial rate people are exchanging their Fiat currencies against USD, as countries with high inflation usually have foreign currency controls. So the official rate is different to the unofficial rate.

Localbitcoins isn't really reliable.

@anita The problem is, that Bisq doesn't allow trades with a price deviation of 50% of the BTC price of a currency. So it can happen that Bisq Price Nodes fedge a fake price, determined by a central bank, and no one wants to trade because of the low BTC price.

See this issue:

Thanks for your help!

@XBT regarding currency pairs I don't know, would need to research that too.
The p2p market price you won't find that except directly in the WhatsApp, FB trading groups where people meet. at least I don't know, where to find it otherwise.

Thanks, then it might be better to lift the price deviation rule for these currencies, as there is no reliable source.
We'll look into that.

Sign in to participate in the conversation
Bitcoin Mastodon

Bitcoin Maston Instance