Buy bitcoin with Mobile money

What is Mobile money?

Mobile money is a category rather than one branded scheme: a wallet held against your phone number with a licensed issuer, usually a mobile network operator or its fintech subsidiary, topped up with cash at an agent and spent from the handset. Each country licenses its own providers, so the names change at the border. The Central Bank of The Gambia names Afrimobile Money and QMoney as licensed operators, and the Bank of Tanzania supervises non-bank payment service providers under its national payment system powers. For funding an exchange account it behaves like a local bank transfer that happens to sit on a SIM, so the questions that matter are which wallet the other side accepts and what the agent charges.

Speed

Transfers inside a single wallet network land in seconds, while sending across networks or out to a bank account can take longer and is not offered everywhere.

Cost

Almost every provider charges flat fees banded by amount rather than a percentage, usually on sending and on cash out, with cash deposits at an agent often free.

Limits

Wallet balances and daily transfer ceilings are capped by the local regulator and generally rise as you complete more identity verification.

Speed and cost describe the rail itself. What an exchange adds on top varies by platform and is shown per exchange below.