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What are the popular payment methods for buying bitcoin in Egypt?

avatarBuddyJayDec 25, 2021 · 3 years ago3 answers

I am interested in buying bitcoin in Egypt and I would like to know what are the popular payment methods available for this purpose. Can you provide me with some information on the payment methods commonly used in Egypt to buy bitcoin?

What are the popular payment methods for buying bitcoin in Egypt?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One of the popular payment methods for buying bitcoin in Egypt is through bank transfers. Many cryptocurrency exchanges in Egypt allow users to deposit Egyptian pounds into their accounts through bank transfers, which can then be used to purchase bitcoin. This method is convenient for those who have a bank account and prefer to use traditional banking channels for their transactions.
  • avatarDec 25, 2021 · 3 years ago
    Another popular payment method for buying bitcoin in Egypt is through cash deposits. Some cryptocurrency exchanges in Egypt allow users to make cash deposits at designated locations, which are then converted into bitcoin and credited to the user's account. This method is suitable for those who prefer to make transactions in cash and do not have a bank account.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, one of the popular payment methods for buying bitcoin in Egypt is through credit/debit card payments. Users can link their credit or debit cards to their BYDFi accounts and use them to purchase bitcoin. This method offers convenience and allows users to make instant transactions without the need for bank transfers or cash deposits.