SEA MarketWatch

Busha: What It Is, Why It Matters, and What You Need to Know

When people talk about Busha, a crypto exchange built for African users that lets you buy and sell digital assets with local fiat currencies. Also known as Busha P2P, it's one of the few platforms in the region that lets you trade directly with other users using bank transfers, mobile money, or cash deposits. Unlike global exchanges that block African users or charge high fees, Busha was designed to work with the way people in Nigeria, Ghana, Kenya, and South Africa actually use money.

It’s not just a trading platform—it’s a bridge between traditional finance and crypto. Many users rely on Busha to convert their naira, cedi, or shilling into Bitcoin or USDT, then send it overseas for remittances or to buy goods. This makes it different from centralized exchanges like Binance or KuCoin, which often require KYC and don’t support local payment methods. Busha’s model is simpler: connect with a seller, pay via mobile money, get crypto instantly. But that simplicity comes with risks. There’s no insurance, no chargebacks, and if someone scams you, you’re on your own. That’s why many users pair Busha with trusted escrow services or stick to verified traders with high ratings.

It’s also not the only option. Platforms like Paxful, Luno, and Yellow Card offer similar services, but Busha stands out because of its mobile app, low fees, and focus on African payment networks like MTN Mobile Money and Paga. Still, it’s not regulated by any government body, and there’s no public audit of its reserves. That’s why some traders treat it like a peer-to-peer marketplace, not a bank. If you’re new to crypto in Africa, Busha can be a good starting point—but only if you know how to spot red flags: fake support accounts, pressure to pay upfront, or offers that seem too good to be true.

Below, you’ll find real reviews and deep dives into platforms like Busha, including what works, what doesn’t, and which alternatives actually deliver. Whether you’re trying to send money home, buy your first Bitcoin, or just avoid a scam, these posts cut through the noise and give you what you need to stay safe and make smart moves.

What Crypto Exchanges Are Banned in Nigeria in 2025?
By Kieran Ashdown 31 Oct 2025

What Crypto Exchanges Are Banned in Nigeria in 2025?

Nigeria no longer bans crypto exchanges outright-instead, only SEC-licensed platforms like Quidax and Busha can legally handle Naira. Unlicensed ones like Binance are restricted, not banned. Here’s what you need to know in 2025.

Read More

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