8 Best Crypto Exchanges In Botswana

Here’s something you may not realize: the cryptocurrency exchange you choose matters. Your choice will impact how profitable your trades are, how easily you can buy and sell coins, and whether you can use it in Botswana at all.

Fortunately, I've been investing in crypto for more than 9 years, and I frequently update my list of the top platforms below. So if you’re looking for a safe and secure crypto exchange that’s easy to use, supports the Botswana pula, and is compatible with the biggest financial institutions in Botswana, you’ve come to the right place.

Here are my top picks for the best crypto exchanges Botswana has to offer.

1. Capital – Best Overall

Zero Fees

Trading fees: 0% Supports: 100+ coins Customer support: Excellent Trusted by millions.

★★★★★ Rated 4.9/5

Capital allows users to trade crypto alongside stocks, commodities, forex, market indices, ETFs and more—all without any trading fees. It supports 100+ cryptocurrencies, and users can trade with 2x leverage on crypto (up to 500x leverage on other assets).

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), making the overall cost of using the platform (0% trading commissions + 0.1% – 0.3% spreads) very low. It has a fully functional desktop platform, a well-rated mobile app (4.7/5 on Android and iOS), and an excellent demo account where you can practice trading with real assets in real time.

Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is part of the reason Capital’s customer support team receives such positive reviews.

Deposits and withdrawals are always free with Capital, and you’ll never pay trading commissions regardless of whether you place spot orders or limit orders. Capital is ISO 27001 certified for meeting robust information security standards, making it an extremely safe platform to trade with.

The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now. If you sign up using my referral link, though, you can skip the waitlist and start trading immediately.

I’ve personally used Capital for more than 4 years, and based on my experiences and those of millions of other users, I can’t recommend it highly enough. 

Features

• Zero trading commissions
• Tight spreads (0.1% – 0.3%) 
• Supports 100+ cryptocurrencies
• Allows up to 500x leverage (2x leverage on crypto)
• Fully functional demo account for paper trading
• Free deposits and withdrawals via debit/credit cards, bank transfer, POLi, PayPal, Apple Pay, etc.
• Dedicated account manager you can reach at any time
• Excellent desktop trading platform
• Well-rated mobile app (4.7/5 on both Apple and Google)
• Licensed by the Australian Securities and Investments Commission (ASIC)
• ISO 27001-certified for meeting extremely high information security standards

Cost

• Trading fees: 0%
• Spreads: 0.1% – 0.3%
• Deposits & Withdrawals: Free

Signup Bonus

Skip the waitlist and have your account approved immediately by using my referral link below.

Best For

Investors looking for the best overall crypto trading experience with no trading commissions.

2. Okcoin

Launched in 2013, Okcoin is a California-based American exchange with over 100,000 crypto investors across 190+ countries. It supports 70+ crypto assets, including the biggest like Bitcoin and Ethereum, but also altcoins and lesser-known blockchain protocols.

Okcoin doesn’t charge trading fees – instead, it uses a volume-based fee system, where makers are charged 0.1% – 0.0% (based on the last 30-day trading volume) and takers are charged 0.2% – 0.02%, also based on volume. 

Okcoin is available worldwide and supports SEPA payment deposits in Europe and electronic fund transfers (using the ACH network) in the U.S. One of Okcoin’s best features is its staking platform, where investors can lock in one of the supported cryptos (for a fixed term) and earn up to 17% APY, depending on the asset (10% for BTC).

Fiat deposits using debit cards are on the high side – you can end up paying up 3.99%, so it’s recommended, whenever possible, that you use a different deposit method. Okcoin is licensed in the US and registered with the Financial Crimes Enforcement Network (FinCEN).

Features

• Supports 70+ cryptocurrencies
• Quick verification process
• Set up automatic purchases using dollar-cost averaging
• Available on Android (4.1/5 rating) and iOS (4/5 rating)
• Okcoin Earn (Up to 10% APY on BTC deposits)

Cost

• Trading Fees: Free
• Spread: 1% – 1.5%
• Maker’s Fees: From 0.1% to 0.0% (based on trading volume)
• Taker’s Fees: From 0.2% to 0.02% (based on trading volume)
• Debit Card Deposit Fees: 3.99%

4. Pursa

Pursa is different than most crypto exchanges on this list. It is a Cameroon-based peer-to-peer (P2P) cryptocurrency exchange that was founded in 2017 by Mbuh Jude, with the goal to release a fully decentralized trading platform. When you use Pursa you don’t make any deposit to the platform – you actually trade directly with the buyer. 

Using this platform has many benefits compared to regular exchanges; for starters, Pursa doesn’t charge deposit or withdrawal fees—you only pay spreads, which range from 1% – 3%, and there's no registration process. Transactions are completed instantly and anonymously and deposited directly to your wallet.

Pursa is supported in over 200 countries and has an attractive referral program: you can earn up to 20% of all sales your referee makes – with no limits. You can invite as many friends as you want. One major downside is that you can only trade Bitcoin using this platform.

Features

• Supports (only) Bitcoin
• No deposit or withdrawal fees
• No registration needed
• Instant Bitcoin deposits directly to your wallet
• Completely anonymous
• Attractive referral program (earn 20% of your referees’ sales)

Cost

• Spreads: 1% – 3%

5. Quidax

Quidax is one of the largest crypto exchanges in Africa, and a trailblazer in the crypto industry on that continent. Headquartered in Malta, it is the first and only African crypto exchange to be listed in CoinMarketCap, the largest and most trusted source of cryptocurrency news, often cited by major players like CNBC and Bloomberg.

Quidax supports 20 cryptocurrencies and dozens of crypto pairs, and its highly-rated mobile app is available for Android (4.1/5 rating) and iOS (4.5/5 rating). It uses a maker/taker fee system and charges a flat 0.1% for makers and 0.3% for takers. Trades usually take less than 10 minutes to complete, and the signup process is instant for customers in Africa.

Since its launch in 2018, Quidax surpassed $4 billion in transactions, just in Africa, and in 2021 they launched their own native token, the QDX. The QDX token can be staked and exchanged for any other token listed on the exchange, and they have plans to add new features and functions as well as reduced fees for holders.

Some of the new features to be released include Quidax EARN (a DeFi market-aggregator), the Quidax NFT Marketplace, and a decentralized swapping platform, Quid SWAP. 

Features

• Supports 20+ cryptocurrencies
• Available on Android and iOS
• Quick sign-up process for African users
• Access to a flexible staking platform
• Trades completed in less than 10 minutes

Cost

• Maker’s Fees: 0.1%
• Taker’s Fees: 0.3%
• Instant Buy: 1%
• Deposit Fees (Crypto): Free
• Withdrawal Fees (Crypto): Depends on the crypto (0.0002 BTC for Bitcoin) 
• Deposit Fees (Naira): From 100 NGN to 2,250 NGN (based on deposit size)
• Withdrawal Fee (Naira): From 200 NGN to 5,000 NGN

6. SpectroCoin

SpectroCoin was launched in 2013 and is one of the oldest crypto exchanges. It supports 49 of the biggest cryptocurrencies, including Bitcoin (BTC), Polygon (MATIC), and Polkadot (POL). It also supports 14 of the biggest payment methods, including SEPA, Skrill, and Neteller.

SpectroCoin doesn’t charge any fees for makers – in fact, makers get paid up to 0.1% for listing their crypto in the market. Taker’s, on the other hand, pay a flat 0.1% fee for every trade. Depositing crypto is completely free, and withdrawing incurs only network fees (0.0005 BTC for Bitcoin). 

SpectroCoin supports collateralized loans with competitive APR (8.55% for BTC) and up to 75% LTV. That means you can consider other investments without ever losing your long position on crypto assets. They also released a crypto debit card, which can be topped up with fiat or crypto and is accepted anywhere Visa is.

One of SpectroCoin’s downsides is its strong ties with the BNK token – holding the tokens is a must if you want to access lower trading fees and lower APR on loans. Their fiat deposit/withdrawal fees can also be very high, going up to 5.5% depending on the payment method. 

Features

• Supports 49 cryptocurrencies
• SpectroCoin Visa Debit Card
• Crypto loans using your crypto as collateral (8.55% APR for BTC)
• Get paid for increasing liquidity in the market
• Up to 75% LTV on crypto loans
• Available in Android (3.7/5 rating) and iOS (2.9/5 rating) 

Cost

• Maker’s Fees: From 0% to -0.1% (based on BNK holdings)
• Taker’s Fees: 0.1%
• Deposit Fees (Crypto): Free
• Withdrawal Fee (Crypto): Depends on the cryptocurrency (0.0005 BTC for Bitcoin)
• Deposit Fees (Fiat): Up to 5.5% (depending on the method)
• Withdrawal Fee (Fiat): Up to 5.5% (depending on the method)

Best For

Investors who can take advantage of collateralized loans.

7. Symlix

Symlix is a crypto marketplace where users can trade over 100 of the largest crypto assets, including Ethereum, Bitcoin, Dogecoin and BNB. It works using a very secure escrow system where crypto assets are locked before the transaction is completed – and released only when the crypto assets (or fiat) are received by the seller.

Symlix is completely free for buyers – in fact, only sellers have to pay a fee, and that is the transaction fee for listing their assets. This fee will vary with the cryptocurrency, but it’s well below 1%. Additionally, after you sign up with Symlix you will gain access to a real-time portfolio value tracker to track all your gains in one place.

Symlix supports over 100 payment methods from across the globe, and their customer support is available 24/7 to help you complete your trades. All crypto assets are stored safely in cold storage, and if you want to earn some extra crypto you can become an escrow agent and speed up transactions to earn a commission.

Features

• Supports 100+ cryptocurrencies
• Helpful customer support available 24/7
• 95% of crypto assets are stored securely in cold storage
• Over 100 payment methods
• Access to a real-time portfolio crypto value tracker

Cost

• Spreads: 1%
• Trading Fees: Free
• Maker’s Fees: 1%
• Taker’s Fees: Free

8. VALR

VALR is one of the largest crypto exchanges in South Africa, by volume. It was launched in 2019 and has since amassed over 250,000 monthly users, and 500 institutional clients. VALR supports 60 cryptocurrencies, including XRP, Bitcoin, and Ethereum.

VALR has very competitive fees, starting at 0.1% for takers and -0.01% for makers; that means you get paid for increasing liquidity in the market. They also have an attractive Rewards & Rebates program that works with referrals; when you invite friends or family to join you increase your referral level, and can get up to 15% in rebates on all trades.

VALR’s signup process is one of the quickest; they use AI technology to match a user's face and comply with Anti Money Laundering (AML) laws. VALR uses a cold storage policy coupled with Multi-Signature protocols to keep all assets secured.

Features

• Supports 60 cryptocurrencies
• Instant account verification
• 95% Cold storage policy
• Two-Factor Authentication (2FA)
• Multi-Signature security protocols
• Rewards & Rebates program

Cost

• Trading Fees: From 0.85% to 0.75%
• Maker’s Fees: -0.01% (you get paid for increasing liquidity)
• Taker’s Fees: 0.1%
• Withdrawal Fees (ZAR): R8.5
• Withdrawal Fees Instant (ZAR): R60.0
• Withdrawal Fees (Crypto): Depends on the crypto (0.002BTC for Bitcoin
• Deposit Fees (ZAR): Free
• Deposit Fees (Crypto): Free
• VALR Pay Transactions: Free

Best For

Investors looking for the most liquid exchange with the lowest fees and a strong referral program.

What To Look For In A Great Motswana Crypto Exchange

I consider many different factors in my search for the best Motswana crypto exchange. Here are just a few of the more prominent ones:

• Supported coins: The best Motswana crypto exchanges support a wide variety of coins—at least 20 or 30—including all the major coins like Bitcoin, Ethereum, and Dogecoin. Platforms that add new coins regularly tend to be more customer-focused overall, making this a strong indicator of a forward-thinking exchange.
• User interface: Choosing a platform with an easy-to-use trading interface is important, especially for beginners. If you're a seasoned crypto investor, you'll also want to look out for exchanges that offer more advanced features like advanced order types and transaction exports for tax purposes.
• Fees: All crypto exchanges charge fees (both in the form of trading commissions and bid-ask spreads), and they can vary by a wide margin. I've specifically chosen low-fee platforms here to help you maximize your profits.
• Regulation: It's much safer to trade with a well-regulated exchange than an unregulated one, especially when markets aren't moving in your favor. Depositors' insurance is another safeguard offered by some exchanges, which keeps your assets safe even if the platform itself faces liquidity issues.
• Deposit & withdrawal options: The exchange you choose should offer a variety of payment methods (bank transfers, debit/credit cards, PayPal, etc.) to ensure you can easily transfer funds in and out of your account. The more options you have, the better.
• Security: Look for an exchange that strictly enforces multiple layers of security, such as two-factor authentication and at least 95% cold storage. Additional security measures like daily offsite backups, third-party security audits, and email confirmations on transactions make your account even more secure.
• Customer support: The best crypto exchanges pride themselves on having well-trained, responsive support teams who can help users through any problems that come up. I pay particular attention to the channels each exchange offers support through, response times, the thoroughness and helpfulness of their responses, and user feedback on the customer support they've received.

In Summary

Choosing the best cryptocurrency exchange in Botswana isn’t easy, given all the options out there and the different features each of them offers. As an avid crypto investor myself, I diligently keep up with the movements of the top exchanges in Botswana, and have made my selections below based on years of research and personal experience.

Capital is the favorite among knowledgeable Motswana crypto investors, both for its high level of security and for its ease of use. Capital's fees are also extremely low, so if you’re looking for a secure, cost-effective way to buy and sell crypto in Botswana, I can’t recommend Capital highly enough.

Best Crypto Exchange Botswana FAQs

Which Motswana crypto exchange has the lowest fees?

The Motswana crypto exchange with the lowest fees is generally Capital, depending on the specific crypto assets you're trading. In most cases, Capital will be the cheapest option.

What’s the best crypto wallet in Botswana?

The best crypto wallet is the Ledger Nano S hardware wallet. It is the best way to keep your private keys secure and, more importantly, offline. All Ledger wallets are certified by the French National Agency of Security and are among the safest and most cost-efficient wallets out there, and they support 1,200+ crypto assets, coins, and tokens.

What’s the best altcoin exchange in Botswana?

The best altcoin exchange in Botswana is one of Capital or Okcoin. Both of them support a wide variety of cryptocurrencies and regularly add more of the altcoins Motswana investors are looking for.

What is the safest crypto wallet in Botswana?

The Ledger Nano S is the safest wallet available today. All Ledger wallets far exceed industry standards for security: they use tamper-resistant Certified Secure Element (SE) with Common Criteria (CC) EAL5+ chips on their nanodevices, which means your private key stays on the secure chip. It also has a proprietary operating system called Blockchain Open Ledger Operating System (BOLOS) that's successfully undergone audits from the French National Agency of Security, many other government agencies, as well as regular audits from independent security organizations. 

What’s the safest crypto exchange in Botswana?

The safest cryptocurrency exchange in Botswana is Capital. They strictly enforce bank-level security protocols, run on servers in secure locations around the world, and undergo frequent financial and security audits to ensure all of their users’ assets are completely safe. They also have some of the lowest fees of any platform in Botswana and are known for being a reputable, trustworthy exchange.

How Can I Sell Bitcoin In Botswana?

There are several different ways to sell Bitcoin in Botswana, though the easiest is to sell it directly from the crypto wallet or exchange that you’re holding it on. Remember to be cautious whenever you transfer coins between wallets, since blockchain transactions are irreversible.

What crypto exchange is best for beginners in Botswana?

The best crypto exchange for beginners in Botswana is generally Capital. They're ideal for beginners because they verify accounts instantly, have easy-to-use trading platforms, and provide great customer support in case you need any help along the way.

Is cryptocurrency legal in Botswana?

Yes, cryptocurrency is legal in Botswana, and you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Botswana, which means the Motswana government and Motswana businesses are not legally obligated to accept it as payment for goods and services.

What’s the best crypto app in Botswana?

The best crypto app in Botswana is Capital. Its mobile app is very easy to use, has a nice, modern interface, and has very good ratings and reviews on both the Apple App Store and the Google Play Store.

What is the best crypto exchange for day trading in Botswana?

The best crypto exchange for day trading in Botswana is Capital, since it has low trading fees, tight spreads, and its prices update multiple times per second, giving day traders an upper hand over the rest of the market.

Can the Motswana government track cryptocurrency?

Yes. Just like in places like China, India, Hong Kong and Germany, the Motswana tax authorities can track cryptocurrency trades and transactions—and not only when your digital assets interact with real-world institutions like banks. Some exchanges in Botswana are required by law to provide the government with information about their users’ transactions, including purchase price, purchase date, sale value, and all associated KYC data. If your tax returns don’t match the data the government receives from these exchanges, you may receive a fine.