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Ethiopia is growing in bitcoin usage and is home to many Bitcoin ATMs.

Here are the 11 best exchanges in Ethiopia to buy bitcoin.

Need a reliable bitcoin wallet? Have a look at our wallets page.

Kraken

Kraken Homepage

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Website:kraken.com
CEO:Jesse Powell
Headquarters:San Francisco, California
Founders:Jesse Powell
Founded:2011
Customer service:Knowledge Base

Kraken is the world's largest Bitcoin exchange in terms of both total volume and liquidity and accepts almost every type of bank or wire transfer as a funding method.

Kraken Pro provides individual investors with real-time trading and charting tools.

Kraken accepts deposits in USD, EUR, CAD, GBP, JPY, and CHF.

Pros

  • Respectable reputation
  • Global support
  • Reliable customer support
  • Tiered verification
  • Affordable fees

Cons

  • Few payment methods
  • Sophisticated UI

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Coinmama

Coinmama Homepage

Rating

Website:coinmama.com
CEO:Asaph Schulman
Headquarters:Israel
Founders:Asaph Schulman, Nimrod Gruber, Martin Koelbaek, Guy Ben-Yossef, Yaki Oliel
Founded:2013
Customer service:Knowledge Base
More information:Read Review

Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.

Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY.

Pros

  • Available worldwide
  • High purchasing limits
  • Dependable and trustworthy
  • Excellent leadership and customer support
  • Fast and secure transactions

Cons

  • High fees when purchasing with a credit card or debit card
  • Delay in processing time

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Paybis

Paybis Homepage
Rating:

Website:paybis.com
CEO:Innokenty Isers
Headquarters:Glasgow, United Kingdom
Founders:Innokenty Isers, Konstantin Vasilenko and Arturs Markevics
Founded:2014
Customer service:Knowledge Base

Paybis is a digital and cryptocurrency exchange that specializes in fast and reliable transactions while providing a large number of payment options.

Paybis accepts deposits in USD, EUR, CAD, GBP, and JPY.

Pros

  • Large purchasing limits
  • Wide range of payment options
  • Intuitive and user-friendly interface
  • Global support
  • 24/7 Multilingual customer service

Cons

  • Bank transfers can take 1 to 5 days to complete
  • Above-average fees

ReputationFeesPrivacyLimits
ExcellentHighHighHigh

Binance

Binance Homepage

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Website:binance.com
CEO:Changpeng Zhao
Headquarters:Malta, European Union
Founders:Changpeng Zhao, Yi He
Founded:2017
Customer service:Knowledge Base

Binance is one of the best exchanges for experienced traders who are looking for a premier cryptocurrency marketplace to perform real-time trades.

With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform.

Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.

Pros

  • Trustworthy management
  • High volume exchange
  • Low fees
  • A large number of cryptocurrency pairs
  • Global support

Cons

  • Few payment options

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Paxful

Paxful Homepage

Rating

Website:paxful.com
CEO:Ray Youssef
Headquarters:New York, New York
Founders:Ray Youssef, Artur Schaback
Founded:2015
Customer service:Knowledge Base
More information:Read Review

Paxful is a person-to-person marketplace that supports over 300 payment methods.

Paxful gives vendors the ability to create offers in all currencies.

Pros

  • Escrow system
  • Security
  • Diverse payment methods
  • Simple user interface (UI)
  • Wide variety of sellers

Cons

  • Buyers and sellers are at risk of being scammed

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

LocalBitcoins

LocalBitcoins Homepage

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Website:localbitcoins.com
CEO:Sebastian Sonntag
Headquarters:Helsinki, Finland
Founders:Nicholas Kangas, Jeremias Kangas
Founded:2012
Customer service:Knowledge Base
More information:Read Review

LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.

LocalBitcoins gives vendors the ability to create offers in all currencies.

Pros

  • Available in every country of the world
  • A diverse selection of buyers and sellers
  • Supports many payment methods
  • Buyers get their bitcoins fast
  • Private

Cons

  • Lack of cryptocurrency diversity
  • Both sellers and buyers have a chance of being scammed.

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Changelly

Changelly Homepage

Rating:

Website:changelly.com
CEO:Eric Benz
Headquarters:Malta, European Union
Founders:Konstantin Gladych, Ilya Bere
Founded:2015
Customer service:Knowledge Base
More information:Read Review

Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly.

Changelly accepts USD, EUR, and GBP for buying cryptocurrency.

Pros

  • Fast
  • Private
  • Low fees
  • High exchange limits
  • 24/7 live chat support

Cons

  • Limited payment methods

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Poloniex

Poloniex Homepage

Rating:

Website:poloniex.com
CEO:Tristan D’Agosta
Headquarters:Wilmington, Delaware
Founders:Tristan D’Agosta, Dominick Petrovski
Founded:2014
Customer service:Knowledge Base

Poloniex is ideal for those seeking a cryptocurrency trading platform with a large array of technical analysis tools.

Poloniex currently accepts deposits in USDC.

Pros

  • Hundreds of trading pairs
  • Multifunctional user interface
  • Wealth of trading and analysis tools

Cons

  • Can be complicated for beginners

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Bitsquare

Bisq Homepage

Rating:

Website:bisq.network
CEO:Manfred Karrer
Headquarters:Barcelona, Catalonia, Spain
Founders:Manfred Karrer
Founded:2014
Customer service:Knowledge Base

Bitsquare is a peer to peer exchange that allows users to buy and sell bitcoins and exchange them for other altcoins and fiat currencies.

If you value your security as a trader, then Bitsquare is the perfect bitcoin trading platform especially if you love remaining anonymous.

Bitsquare users can buy and sell bitcoin with all national fiat currencies.

Pros

  • Respectable reputation
  • Supported globally
  • No registration required
  • Privacy
  • Perfect for advanced traders

Cons

  • Few payment methods
  • Not suitable for beginners

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Huobi

Huobi Global Homepage

Rating:

Website:huobi.com
CEO:Leon Li
Headquarters:Singapore
Founders:Leon Li, Jun Du
Founded:2013
Customer service:Knowledge Base

Huobi is a global blockchain asset financial services provider with offices in Hong Kong, Korea, Japan, and the United States.

Huobi accepts deposits in USD, VND, MYR, HKD, and RMB.

Pros

  • Many cryptocurrencies and payment methods supported
  • High liquidity
  • Trustworthy management
  • Good customer support

Cons

  • Long verification process

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Bitcoin ATM

Coin ATM Radar Homepage

Rating:

Website:coinatmradar.com
CEO:Matthew Hayes
Headquarters:Bulgaria
Founders:Matthew Hayes
Founded:2014
Customer service:Knowledge Base

Finding a Bitcoin ATM is a great way to buy bitcoin instantly if you have cash on hand. There is a Bitcoin ATM in every region of the world.

Check out the Bitcoin ATM map on Coin ATM Radar to see if there is one near you.

Pros

  • Easily accessible
  • Convenient
  • Fun to use
  • Physical kiosk with receipt and customer service

Cons

  • Distance to travel
  • Higher fees than most exchanges

ReputationFeesPrivacyLimits
GreatHighLowHigh

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Looking for more ways to buy bitcoin?

Here are the most popular payment methods you can use to buy bitcoin.

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Bank Account

Credit Card

Cash

Gift Card

PayPal

Where Can I Buy Bitcoin In Ethiopia?

Customers based in any of the major cities in Ethiopia are able to buy bitcoin from any of the exchanges on this page.

  • Addis Ababa
  • Dire Dawa
  • Mek’ele
  • Gondar
  • Bahir Dar

Best Place To Buy Bitcoin In Ethiopia

With over 4 million users, Kraken is the simplest and most popular exchange for citizens in Ethiopia to buy bitcoin in high volumes. The verification process on Kraken is secure and simplified for all customers. Kraken accepts all forms of bank transfers for deposits and withdrawals. SWIFT international wire transfer deposits are free.