Cryptocurrency adoption in Cameroon has gained speed over the years, driven by increasing digital consciousness, financial inclusion, and economic factors that render crypto a more practical choice compared to traditional banking.
While early adoption was blighted by regulatory ambiguity, the government has stepped in to clarify how it views digital assets, leading to a more structured market. Cryptocurrency exchanges today act as a linchpin to facilitate safe and seamless transactions, allowing people and businesses to be part of the global economy.
In this article, we review the best cryptocurrency exchange in Cameroon in 2025 in terms of security, regulatory compliance, user experience, and value to investors and traders
Key Takeaways
- Crypto adoption in Cameroon has increased significantly due to financial need and technological advancement.
- Government regulations have provided a formal structure to exchanges, which has helped to boost confidence in the market.
- UEEx is the best crypto exchange in 2025 as it prioritizes security, simplicity, and regulation.
| Exchange | Trading Fees | Best For | Max Leverage | Available Assets | Fiat Support | Security Features | Unique Features |
| UEEx | 0.09% Maker/Taker (spot);0.08-0.10% Maker/Taker (margin) | Traders looking to diversify their portfolio with crypto and stocks, all in one platform. | 200x | 300+ | USD, EUR, more | Distributed cold storage, Access control with IP and wallet whitelisting, Proof of Reserve, Unique sending addresses, Two-factor authentication, and regular updates to wallet software. | UE Coin Miner app, copy trading, Advanced trading tools, Tree-Graph consensus mechanism, Unlimited receiving addresses. |
| Coinbase | 0.00% 0.40% (Maker)0.05% 0.60% (Taker) | Beginners and investors seeking a user-friendly platform | 20x | 150+ | USD, EUR | Cold storage, Multi-factor Authentication (MFA), encryption, 48 hrs waiting period, AI-behavioral analytics, Biometric security, Transport Layer Security (TLS), AES-256 encryption | Educational resources, recurring buy feature, staking, and wallet integration |
| AvaTrade | Variable spreads (spread incorporated into quoted rates; not an additional charge) | Forex and CFD traders are looking to trade crypto alongside other asset classes. | 400x | 1,200+ (forex, crypto, stocks, commodities) | USD, EUR | AvaProtect, Guaranteed negative balance protection, Segregated client money, McAfee Secure (HackerSafe), WebTrust compliance, Embedded True-Site identity assurance seal, 256-bit SSL encryption | Comprehensive educational tools, Risk management systems, Duplitrade, AvaSocial. Market Trends (live feeds and social trends). |
| Bitget | 0.1% for Maker/Taker (spot); 0.02% (maker), 0.06% (taker) (Futures) | Futures and spot trading enthusiasts. | 125x | 150+ | USD, EUR | Multi-signature wallets, cold storage | Copy trading, advanced trading features,Launchpad, savings, and earnAffiliate/referral program. |
| Exness | 0% commission for standard accounts; Fees may be variable depending on market conditions and account type. | Forex and crypto traders prioritize ultra-high leverage and advanced tools. | 2000x | 100+ | USD, EUR | Negative balance protection, segregated funds, Vulnerability scans and penetration tests, 3D Secure verification, DDoS protection, Web Application Firewall (WAF) | Offers instant withdrawals, MT4/MT5 platforms, Robust analytics, Exness VPS, Trading calculator, Flexible leverage options, Instant withdrawals, Ultra-fast execution |
| Kraken | Maker: 0.25%–0%, Taker: 0.4%–0.1% (Spot)Maker: 0.02%–0%, Taker: 0.05%–0.01% (Futures) | Security-conscious traders seeking staking, NFTs, and advanced trading. | 50x | 200+ | USD, EUR, XAF | FINTRAC registration, SOC 2 compliance, Crypto infrastructure is placed in secure cages under 24/7 surveillance by armed guards, Two-factor authentication, PGP encryption | NFT marketplace, Staking services, Advanced charting tools, OTC trading services, Real-time market data, Advanced API integration, Low latency trading |
UEEx – Best Overall
Summary: UEEx is a cryptocurrency exchange designed to support both new and experienced traders in Cameroon.
It provides access to over 300 cryptocurrencies, including Bitcoin, Ethereum, altcoins, and emerging tokens.
A key feature of UEEx is the UE Coin Miner Telegram App, which allows users to mine UE Coin, the platform’s native token. Holding UE Coins provides multiple benefits, such as trading fee discounts, staking rewards, and governance rights.
UEEx emphasizes security, implementing distributed cold storage, unique transaction addresses, two-factor authentication (2FA), and Proof of Reserve (PoR) verification to ensure asset transparency.
For trading, the platform offers AI-powered tools, copy trading for beginners, and professional charting software. Leverage up to 200x is available for margin traders, making it suitable for those seeking higher exposure to the market.
Pros:
- 300+ cryptocurrencies available for trading
- UE Coin mining via Telegram App for staking and fee discounts
- AI-powered trading tools and copy trading for beginners
- Proof of Reserve (PoR) verification for fund transparency
- Low trading fees: 0.08% for spot trading, 0.09% for margin trading
- Security features include cold wallet storage and 2FA
- Leverage up to 200x for experienced margin traders
- 24/7 multilingual customer support
Cons:
- Limited fiat withdrawal options may affect Cameroonian traders
- Advanced trading features may require a learning curve for beginners
Fees:
- Spot Trading: Maker/taker Fee is 0.09%.
- Margin Trading: Maker/taker Fee is 0.10%.
- Deposit Fees: Free for most crypto deposits.
- Withdrawal Fees: Free for internal transfer; variable for external transfer and fiat withdrawal.
Coinbase – A Beginner-Friendly Exchange for Cameroon Traders
Summary: Coinbase is a globally recognized cryptocurrency exchange known for its strong security measures, regulatory compliance, and easy-to-use interface.
Coinbase is ideal for beginners, offering educational resources on crypto trading, staking, and risk management. Security remains a priority, with features such as cold storage, fraud monitoring, and two-factor authentication (2FA).
For professional traders, Coinbase Advanced Trade provides lower fees, advanced order types, and enhanced trading tools. Beyond trading, Coinbase supports staking for passive income, NFT marketplace access, and DeFi integrations. Users can trade over 100 cryptocurrencies with multiple funding options, including bank transfers, credit/debit cards, and PayPal.
Pros:
- Beginner-friendly interface for seamless trading
- Cold storage, fraud monitoring, and 2FA for asset security
- Regulatory compliance ensures a trustworthy trading environment
- 100+ cryptocurrencies available for trading, investing, and staking
- Multiple payment methods, including PayPal and bank transfers
- Extensive educational content for new traders
- Staking rewards for Ethereum, Solana, and other supported assets
- NFT marketplace and DeFi integrations
Cons:
- Higher fees compared to competitors, especially for small transactions
- No direct support for the Central African CFA franc (XAF)
- Basic platform lacks advanced tools, requiring an upgrade to Advanced Trade
- Customer support response times may be slow during peak trading hours
- Some features (staking, NFTs) may be restricted based on regional regulations
Fees:
- Spot Trading: 1.49% for buying/selling, though this may vary depending on transaction volume.
- Coinbase Pro (Advanced Trading): Maker fees: Start from 0.00% to 0.40%, based on 30-day trading volume. Taker fees: Start from 0.05% to 0.60%, depending on the same volume criteria. Discounts apply for higher trading tiers.
- Stablepair Trading: Maker fee: 0.00%. Taker fees: Range from 0.10 bps (Tier 1) to 0.45 bps (general users).
- Deposit Fees: ACH: Free. Wire (USD): $10 per deposit. SEPA (EUR): €0.15 per deposit. SWIFT (GBP): Free
- Withdrawal Fees: ACH (USD): Free. Wire (USD): $25 per withdrawal. SEPA (EUR): Free. SWIFT (GBP): £1 per withdrawal.
- Crypto Withdrawals: Fees are based on network conditions at the time of withdrawal.
- USDC to USD Conversion Fees: Conversions under $40M in 30 days: 0%. Over $40M: Tiered fees from 0.05% to 0.30%, depending on the conversion volume.
- Miner Fees: Fees are dynamically calculated based on network congestion and disclosed at the time of the transaction. This fee structure is ideal for both beginner and advanced traders, offering flexible options for fiat and crypto transactions.
Avatrade – A Multi-Asset Trading Platform for Crypto, Forex, and CFDs in Cameroon
Summary: AvaTrade is a globally regulated trading platform that allows Cameroonian traders to access cryptocurrencies, forex, contracts for difference (CFDs), stocks, commodities, and indices.
The platform is designed for both beginners and advanced traders, offering access to MetaTrader 4/5, AvaTradeGO, and WebTrader.
The platform incorporates risk management tools, including stop-loss orders, negative balance protection, and customizable leverage. AvaTrade also provides educational resources on technical analysis, automated trading, and market strategies.
Regulated by multiple financial authorities, AvaTrade ensures secure transactions and compliance with international trading laws.
Pros:
- Multi-asset trading (crypto, forex, stocks, CFDs, commodities)
- Various trading platforms, including MetaTrader 4/5 and AvaTradeGO mobile app
- Risk management tools, such as stop-loss and negative balance protection
- Regulated by multiple financial authorities for security and transparency
- Educational resources on automated trading and market analysis
Cons:
- Limited support for direct XAF transactions, requiring conversions to USD or EUR
- Inactivity fees for dormant accounts
- Fewer cryptocurrency options compared to dedicated crypto exchanges
Fees:
- Cryptocurrency Spreads: Vary by cryptocurrency pair; for example, the Bitcoin spread starts at $35.
- Deposit Fees: AvaTrade does not charge deposit fees.
- Withdrawal Fees: Withdrawals are generally free but may depend on the withdrawal amount and method used.
- Inactivity Fee: $50 charged after 3 consecutive months of account inactivity.
- Overnight Premium (Financing Rate): Charged when holding a position after the “Overnight Funding Time”; varies by instrument.
- Administration Fee: $100 charged annually after 12 months of inactivity.
Bitget – A High-Leverage Trading Platform for Cameroonian Traders
Summary: Bitget is a cryptocurrency exchange offering spot and futures trading with advanced security features and high leverage options.
Bitget is known for its copy trading feature, which allows traders to replicate successful strategies from experienced investors.
The platform’s security is reinforced with multi-signature wallets and cold storage to protect user funds. Bitget supports leverage up to 125x, making it suitable for those seeking high-risk, high-reward trading strategies. In addition, the platform balances beginner-friendly tools with professional-grade features, ensuring usability for all trader levels.
Pros:
- 150+ cryptocurrencies available for trading
- Leverage up to 125x for futures traders
- Copy trading feature with two modes: diverse follow and smart copy
- Multi-signature wallets and cold storage for asset protection
- User-friendly interface designed for both beginners and advanced traders.
Cons:
- Smaller cryptocurrency selection compared to major exchanges
- No direct support for the Central African CFA franc (XAF)
- High-leverage trading may require additional KYC verification for some users
Fees:
- Spot Trading: Maker fee: 0% to 0.25%; Taker fee: 0.10% to 0.40% (Fees decrease with higher 30-day trading volumes)
- Margin Trading: Maker fee: 0% to 0.02%; Taker fee: 0.01% to 0.05% (Rollover Fee: Applied every 4 hours, varies by asset (e.g., Bitcoin: 0.01%))
- Deposit Fees: Cryptocurrency: Free for most assets; Fiat: Fees vary depending on the payment method (e.g., SEPA: €1, FedWire: $0-$10).
- Withdrawal Fees: Cryptocurrency: Variable depending on asset (e.g., Bitcoin: 0.00002 BTC); Fiat: Varies by method (e.g., SWIFT: €5, ACH: Free or $4)
Exness – Multi-Asset Trading for Cameroonian Investors
Summary: Exness is a trading platform that provides access to cryptocurrencies, forex, stocks, and CFDs, making it a versatile choice for traders in Cameroon.
Exness offers tight spreads, real-time execution, and advanced trading platforms such as MetaTrader 4/5 and proprietary mobile apps.
The platform is known for low trading fees, transparency, and multiple payment methods, including e-wallets and bank transfers. Leverage up to 1:2000 is available, catering to traders seeking higher exposure.
Pros:
- Wide asset selection, including crypto, forex, and CFDs
- Ultra-low spreads, starting from 0.0 pips
- Multiple payment methods, including e-wallets and bank transfers
- Leverage up to 1:2000 for flexible trading strategies
- User-friendly platforms, with advanced charting and risk management tools
Cons:
- Fewer cryptocurrency options compared to dedicated crypto exchanges
- No direct support for XAF, requiring conversion to USD or EUR
- High leverage may increase risks for inexperienced traders.
Fees:
- Cryptocurrency Fees: Spreads start from 0.0 to 616.95 points, with commissions ranging from $0.20 to $45.18, depending on the asset and trading account type.
- Indices Fees: Spreads range from 0.0 to 22.9 pips, with asset-dependent commissions between $0.50 and $2.25.
- Deposit Fees: None. Exness does not charge for deposits, but currency conversion fees may apply if the deposit currency differs from the account’s base currency.
- Withdrawal Fees: None. Exness covers third-party processing fees, ensuring withdrawals are free. Currency conversion charges may still apply.
Kraken – Best for Security-conscious Traders
Summary: Kraken is a US-based cryptocurrency exchange known for its security, regulatory compliance, and deep liquidity.
Kraken offers over 200 cryptocurrencies, staking services, and futures trading. The platform enforces strict security measures, including cold storage, two-factor authentication (2FA), and encryption protocols. Traders can access futures, margin trading, and advanced order types with competitive fees. Kraken also supports staking, allowing Cameroonian traders to earn rewards on idle crypto assets.
Pros:
- 200+ cryptocurrencies available for trading
- High liquidity and competitive fees for seamless transactions
- Staking options for earning rewards on holdings
- Advanced trading instruments, including futures and margin trading
- Strong security protocols, with cold storage and 2FA
Cons:
- No direct support for XAF, requiring conversions to other currencies
- Complex interface may be challenging for beginners
- Bank deposits and withdrawals may experience delays due to financial regulations
Fees:
- Spot Trading Fees (Kraken Pro): Maker Fees: 0.25% (for trading volume $0–$50,000). As low as 0% (for $10,000,000+ trading volume). Taker Fees: 0.40% (for trading volume $0–$50,000). As low as 0.1% (for $10,000,000+ trading volume).
- Futures Trading Fees: Maker Fees: 0.02%–0%. Taker Fees: 0.05%–0.01%.
- Margin Trading Fees: Opening Fee: 0.02%–0.1% (varies by asset). Rollover Fee: 0.02% (every 4 hours).
- Stablecoin and FX Pair Fees: Maker Fees: 0.2% (for $0–$50,000 trading volume). 0% (for $100,000,000+ trading volume). Taker Fees: 0.2% (for $0–$50,000 trading volume). 0.001% (for $100,000,000+ trading volume).
- NFT Trading Fees: Transaction Fee: 2%.
- NFT Withdrawal Fees: Ethereum (ETH): 0.01 ETH; Solana (SOL): 0.02 SOL; Polygon (MATIC): 0.5 MATIC.
- Instant Buy Fees (Credit/Debit Card): Credit card fees vary depending on the transaction size and type. Minimum purchase amount: $10 (USD).
- Fiat Deposit Fees (Bank Transfer): Deposit fees depend on location and payment method: SWIFT (Bank Frick): USD: $3; EUR: €3; CAD: $3; GBP: £3; CHF: £0.75
- Crypto Deposits: Most are free, except for specific assets like Terra Classic and TerraUSD Classic, which incur a 0.5% tax burn fee.
- Kraken Fiat Withdrawal Fees: The minimum withdrawal is $1–$150, and the fees range from $0 to $35, depending on the method. EUR: The minimum withdrawal is from €1 to €150, and the fees range from € 0 to €35.
- Crypto Withdrawals: Fees are set by the asset type. Example: Bitcoin (BTC): Minimum withdrawal: 0.0004 BTC, Fee: 0.0002 BTC. Ethereum (ETH): Minimum withdrawal: 0.005 ETH, Fee: 0.001 ETH.
Why Use a Crypto Exchange in Cameroon?
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Cryptocurrency exchanges are becoming increasingly popular in Cameroon as more people realize the benefits of digital currencies. Here are reasons why you should use a crypto exchange in Cameroon:
Access to Global Financial Markets
Cryptocurrency exchanges provide Cameroonians with a gateway to the global financial system, where they can exchange digital currencies like Bitcoin, Ethereum, and other virtual currencies that are not subject to any economy or country.
Lower Transaction Costs for Remittances
Remittance services have historically been very expensive to send money to Cameroon. Cryptocurrencies offer a cheaper, faster alternative. Through a crypto exchange, Cameroonians can send and receive money from abroad at a fraction of the cost, ideal for families who rely on remittances.
Financial Inclusion for the Unbanked
Most of Cameroon’s population lack access to traditional banking services. Crypto exchanges provide an alternative way to store, send, and receive money. Anyone is able to create a crypto wallet using just a smartphone and an internet connection and own digital currencies, therefore promoting financial inclusion.
Protection Against Inflation
Bitcoin and other cryptocurrencies are decentralized and have a limited supply, hence serving as a hedge against currency devaluation and inflation. Cryptocurrencies are a way of preserving wealth and providing security for Cameroonians concerned about the stability of the Cameroonian franc (XAF).
24/7 Trading Opportunities
Cryptocurrency exchanges are open 24/7, meaning that users can trade whenever they desire. This is perfect for Cameroonians who wish to trade or invest after working hours, giving them greater chances to profit from market movement.
What to Ask/Consider When Choosing a Crypto Exchange in Cameroon
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Choosing a right cryptocurrency exchange is a critical decision for any trader or investor. In Cameroon, where the cryptocurrency market is growing but still under development, there is a need to evaluate exchanges extensively. The following are primary questions to ask and consider while choosing a crypto exchange in Cameroon:
Is the Exchange Regulated and Compliant?
Regulation guarantees the exchange operates within relevant legal systems and anti-money laundering (AML) and know-your-customer (KYC) regulations.
What Cryptocurrencies Are Supported?
You want to be exposed to a selection of different cryptocurrencies, including the top coins such as Bitcoin (BTC) and Ethereum (ETH), altcoins, and stablecoins.
What Are the Fees?
High fees can significantly eat into your profits, especially for frequent traders. It’s essential you understand the trading fees, deposit/withdrawal fees, and any hidden charges?
| Exchange | Spot Trading Fees (Maker/Taker) | Futures Trading Fees (Maker/Taker) | Max Leverage | Available Assets | Fiat Support |
| UEEx | 0.09% / 0.08-0.10% | 0.08-0.10% / 0.08-0.10% | 200x | 300+ | USD, EUR |
| Coinbase | 0.00%-0.40% / 0.05%-0.60% | N/A | 20x | 150+ | USD, EUR |
| AvaTrade | Variable spreads | N/A | 400x | 1,200+ | USD, EUR |
| Bitget | 0.1% / 0.02%-0.06% | 0.02% / 0.06% | 125x | 150+ | USD, EUR |
| Exness | 0% commission (variable fees) | N/A | 2000x | 100+ | USD, EUR |
| Kraken | 0.25%-0% / 0.4%-0.1% | 0.02%-0% / 0.05%-0.01% | 50x | 200+ | USD, EUR |
How Secure Is the Exchange?
Safety is crucial to protect your funds and personal information from hacks and scams. Does the platform utilize two-factor authentication (2FA) and cold storage for funds?
| Exchange | Cold Storage | Two-Factor Authentication (2FA) | Encryption | Regulatory Compliance | Other Security Features |
| UEEx | Yes | Yes | Yes | Proof of Reserve | Access control with IP and wallet whitelisting, Unique sending addresses |
| Coinbase | Yes | Yes | AES-256 | FINTRAC, SOC 2 | Multi-factor Authentication, AI-behavioral analytics, Biometric security, TLS encryption |
| AvaTrade | No | No | 256-bit SSL | WebTrust | Guaranteed negative balance protection, Segregated client money, McAfee Secure, WebTrust compliance |
| Bitget | Yes | Yes | No | No | Multi-signature wallets |
| Exness | No | No | No | No | Negative balance protection, Vulnerability scans, DDoS protection, Web Application Firewall (WAF) |
| Kraken | Yes | Yes | PGP | FINTRAC, SOC 2 | Crypto infrastructure in secure cages under 24/7 surveillance by armed guards |
How User-Friendly Is the Platform?
A user-friendly platform makes trading easier, especially for beginners. The platform must also offer sophisticated trading functionality to experienced users but remain accessible to newcomers.
What Is the Liquidity Like?
Proper liquidity will enable you to buy and sell cryptocurrencies in and out efficiently without huge price discrepancies. Know if there are enough buyers and sellers for the cryptocurrencies you would like to swap
| Exchange | Liquidity Depth | Market Spread | Order Execution Speed | Trading Volume | Slippage Risk |
| UEEx | High | Low | Fast | High | Low |
| Coinbase | High | Moderate | Moderate | High | Moderate |
| AvaTrade | Medium | Variable | Fast | Medium | Variable |
| Bitget | High | Low | Fast | High | Low |
| Exness | Medium | Variable | Fast | Medium | Variable |
| Kraken | High | Low | Fast | High | Low |
Are There Educational Resources?
Education resources help newbies learn about cryptocurrency trading and blockchain technology.
Getting Started with UEEx in Cameroon
UEEx has been designed to be easy to use, safe, and feature-rich, hence the reason why it’s such an ideal place for both beginners and expert traders from Cameroon. As a Cameroonian trader who would love to start or build your career in cryptocurrency in 2025, here is how you can sign up on UEEx and get the best out of its services
- Open and Verify Your Account
1. Visit UEEx Platform:
Visit the UEEx website or download the UEEx mobile app on your smartphone.
2. Sign up:
Sign up using your email address or phone number.
3. Complete KYC Verification:
To enjoy maximum platform features (like higher deposit limits and expert trading options), complete the Know Your Customer (KYC) process.
Offer a valid identification document, for instance, your national ID card, passport, or driver’s license. This measure makes the platform safe and compliant with the rules..
- Open and Verify Your Account
UEEx does not natively accept Cameroonian francs (XAF), but you can have your account funded in two ways:
1. Deposit Cryptocurrencies:
Trade supported cryptocurrencies like Bitcoin (BTC), USDT, or other tokens directly into your UEEx wallet.
2. Conversion of XAF to USD:
- Exchange XAF to USD through local marketplaces, over-the-counter (OTC) business, or authorized currency exchanges. Then deposit the USD in your UEEx wallet.
- This permit allows you to reload your account from the most convenient method possible.
- Begin Trading and Making Money
Once your account has been funded, you can now make use of the various trading and earning options on UEEx:
- Spot Trading:
Suitable for first-time users, spot trading allows you to buy and sell popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and UEEx’s native coin, UE Coin.
- Advanced Trading:
For professional traders, UEEx offers Margin Trading, Futures, and Derivatives, catering to more sophisticated trading methods.
- Passive Income Opportunities:
Automatically grow your holdings by:
- Staking: Earn rewards by staking supported cryptocurrencies.
- UE Coin Mining: Mine UE Coins through the UE Coin Miner Telegram App.
- Yield Farming and Lending: Maximize your returns through decentralized finance (DeFi) opportunities.
- Enjoy UEEx’s Innovative Features
UEEx stands out with its innovative features to enhance your trading experience:
- UE Coin Rewards
The holders of UEEx’s native token, UE Coin, enjoy benefits like reduced trading fees, staking rewards, and governance rights, giving you a stake in the platform’s future.
- Security Features
Your funds are protected with two-factor authentication (2FA) and cold wallet storage, ensuring that no one can access them but you.
- Educational Resources
UEEx has a wealth of tutorials, guides, and market data to assist you in making informed trading decisions and hone your skills.
- Withdraw Your Funds
When it’s time to take out your funds, UEEx makes it convenient:
- Withdraw in Cryptocurrency or USD:
Withdraw your profits in cryptocurrency or USD.
- Convert USD to XAF:
Convert your USD to Cameroonian francs (XAF) via local exchanges or OTC services, if you need Cameroonian francs. This helps you withdraw your profits in your local currency easily.
Conclusion
As Cameroon navigates the complexities of cryptocurrency adoption, platforms like UEEx, Binance, and more are serving to facilitate secure and efficient digital asset transactions. Not only do these exchanges provide Cameroons with access to global financial markets but also contribute to the wider adoption and integration of cryptocurrencies into Cameroon’s financial system. With the changing regulatory environment, these platforms are likely to be at the forefront of revolutionizing the digital finance future in Cameroon.
FAQ
- What is UEEX, and why should Cameroonian traders use it?
UEEX is a registered cryptocurrency exchange that offers low fees, wide cryptocurrency support, and seamless integration with local payment methods such as mobile money. It is ideal for Cameroonian traders due to its user-friendly platform, strong security features, and 24/7 customer support.
- What is the difference between a centralized exchange (CEX) and a decentralized exchange (DEX)?
Centralized Exchange (CEX): Operated by a company (e.g., UEEX), CEXs act as middlemen between sellers and buyers. They offer high liquidity, intuitive interfaces, and support staff but require KYC authentication.
Decentralized Exchange (DEX): Operates on blockchain technology without middlemen. Traders swap directly from their own wallets, offering more anonymity but at times reduced liquidity and a steeper learning curve.
- How do I open an account on UEEX as a Cameroonian trader?
To enroll on UEEX:
1. Access the UEEX website or use the app on your phone.
2. Tap “Sign Up” and enter your email, phone, and a safe password.
3. Finish the KYC (Know Your Customer) process by uploading a supporting ID and proof of address.
4. Once verified, you are able to fund and start trading.
- What are the tax implications of crypto trading in Cameroon?
Cameroon has no tax law for cryptocurrencies as of 2025. But crypto trading gains can be taxed as capital gains tax. It is advisable to keep records of all transactions and consult a tax professional.
- What should I do if I encounter issues on UEEX
UEEX offers 24/7 customer support via live chat, email, and a helpline. In case you have any problems, you can reach their support team to get immediate help. Moreover, the site also has a detailed FAQ section and help center to cover most common queries.
