The 5 Best Crypto-to-Cash Platforms in Africa: Reviewed 2025

Crypto has become part of everyday life across Africa, but turning it into cash you can spend has been annoying for many people trying to make crypto part of their daily budgeting, investment and spending approach. Up until now, it’s quite common to be waiting hours for confirmations, dealing with people who disappear halfway through a trade, or watching rates change while you're trying to complete a transaction. It’s not fun, which sounds odd when this breakthrough new technology is supposed to increase convenience and not reduce it.

Luckily, there are now platforms built to solve this, and some of them have gotten quite reliable over the years.

That’s why below are five of the more reliable options for converting crypto to cash in Africa right now, and we’ve reviewed what each selling point is for your own convenience. They all do things a bit differently, so what works depends on what you need. Let’s get started:

Best For Instant Automation: Prestmit

Prestmit is different than most, because if you value convenience, you’ll be delighted to know how automatic the process is. To use an example - your crypto hits your Prestmit wallet, the system picks it up from the blockchain, and cash drops into your account without you doing anything. This means there's no waiting for someone to approve it, no chat support to chase down, and also no wondering when it'll process.

Most platforms say they're fast, but still need someone clicking buttons on the other end to approve or validate certain somes, but Pestmit makes that process much easier. This is because you go from crypto to cash in the same second, and it's in your bank account right away, as it’s been designed to avoid such unnecessary delays.

The interface is simple too and offers the relevant information easily and within as few menus as possible. For that reason, over a million people in Nigeria and Ghana use it daily, including freelancers getting paid in Bitcoin, traders moving USDT and people selling gift cards. On top of that, you can trade over 50 types of gift cards, pay bills, buy airtime and data at a discount, and get eSIMs for traveling. It's all in one place, which is helpful if you're juggling different digital transactions.

Best For Trading Volume: Luno

Luno has been around for years and operates across multiple African countries. They're one of the bigger names, which means there's enough liquidity to handle large transactions and trades won’t case the price to begin moving around too much. If you're cashing out large amounts regularly, that's worth considering.

The platform is regulated in several countries, so there's oversight involved. The app is straightforward, and you can either buy instantly or set limit orders if you want more control over pricing. If you’re new to crypto handling, there's also a learning section in the app.

Fees can add up, though, and withdrawals to your bank account take longer compared to newer platforms which, again, can be frustrating. If you're someone who values brand recognition and regulation for the added trust, it's a decent choice.

Best For Peer-to-Peer Trading: Paxful

Paxful focuses on peer-to-peer trades, so you're buying and selling directly with other people. This gives you more flexibility with payment methods and sometimes better rates if you're willing to shop around for the right offer, though it will take someone with a keen eye to maximize the opportunity.

The variety of payment options is pretty wide too, with bank transfers, mobile money, gift cards, and plenty of other methods, depending on what works for you and whoever you're trading with. Paxful holds the crypto in escrow until both sides confirm the trade is done, which adds some protection so you can feel relaxed.

The downside is that peer-to-peer trading takes more effort. You can expect to continually look offers, message people, and sometimes deal with traders who take forever or don't follow through. It's not as smooth as automated platforms, but if you want control and options, it's there.

Best For Low Fees: Quidax

Quidax is one of the more affordable options in Nigeria. Their fees are kept quite low, which matters if you're trading often but don’t want to feel penalized for it, and they also do instant Naira withdrawal, which can be good if you’re budgeting through crypto too.

The platform is also helpful for multiple cryptocurrencies, and the interface is clean enough to learn as a new user without much instruction. Quidax also has a savings feature where you can earn interest on crypto you're holding, which is nice if you're not cashing everything out immediately.

Customer support is responsive, and there's a decent community of users who seem happy with it.

Best For Multiple Payment Options: Binance P2P

Binance P2P brings the scale of the world's largest crypto exchange to Africa, as it has in multiple other countries round the world. The peer-to-peer platform has a huge amount of traders built over years, so you can usually find someone willing to trade at any hour with whatever payment method you need.

Binance uses verification to filter out poor traders, and their escrow protects both sides so it’s considered one of the more reliable platforms. You also get access to the full Binance ecosystem of tools, so if you want to trade different coins or use more advanced tools, it's all available.

Just keep in mind that the learning curve is steeper compared to platforms built just for African users, and the number of options can be quite intense if you're new. Because of the brand recognition it’ still the platform most people trade with, although some of the above options can be better for the measures we listed.

With the above platforms, you’ll no doubt find the best cryptocurrency platform for trading in Africa and beyond. No matter your preference, giving yourself further financial options by investing in these emerging platforms can be a fantastic idea.