Learn how to easily convert Bitcoin to Ugandan Shillings (UGX) using the Bitnob app. Follow this guide for secure and affordable Bitcoin-to-UGX conversions.
Like many African countries, Uganda has witnessed a growing and gradual interest in Bitcoin and other digital currencies as alternatives to popular financial systems. One of Bitcoin's key advantages is its ability to facilitate fast and secure cross-border transactions. For users in Uganda, Bitcoin offers a convenient way to access the global financial ecosystem and can be used to send or receive money, invest, or even make purchases online.
However, many people face the challenge of converting Bitcoin into local currency. This is where Bitnob comes in. Bitnob is a user-friendly mobile app designed to facilitate sending and receiving money across various African countries and making online payments. It also bridges the gap between Bitcoin and local currencies, making it easier for Ugandans to exchange Bitcoin for Ugandan Shillings (UGX).
In this article, we will walk you through the process of converting Bitcoin to Ugandan Shillings using the Bitnob app, arming you with enough information to make the process seamless and efficient. Let’s dive into it.
Bitnob: Converting Bitcoin to Ugandan Shillings (UGX)
Converting Bitcoin into Ugandan Shillings (UGX) has become easy with the help of the Bitnob app. By now, you know that Bitnob is an application that allows individuals to easily buy, sell, and convert Bitcoin into some local currencies such as the Naira, Ghana Cedis, Kenya Shillings, Cephas, Ugandan Shillings, etc. providing a seamless way for users in African currencies to interact with digital currencies. So, let’s say you're looking to convert your Bitcoin to Ugandan Shillings (UGX) using the Bitnob app, this step-by-step guide will walk you through the entire process.
The first step before converting your Bitcoin to Ugandan Shillings is to sell your Bitcoin so the value can be deposited into your USD wallet. To sell your Bitcoin on the Bitnob app, follow the steps below:
- Tap “Actions” at the bottom of your app's home page
- Tap "Actions"
- Tap "Sell Bitcoin’’
- Input the amount you want to sell in USD
- Tap "Continue"
- Input a transaction note to help you remember your transaction
- Tap "Next"
- Crosscheck the transaction summary for any correction
- Tap “Complete BTC sale”
- Congratulations! You have successfully sold some bitcoins
Once this transaction is successful, your BTC wallet will be debited, and your USD wallet will be credited.
The next step is to convert the money deposited into your USD wallet to Uganda shillings.
- Still in the Quick Links section, tap “Withdraw”.
- Choose Ugandan Shillings (UGX) as the preferred local currency account number to which you want to withdraw. (P.S., you must have added this account number to your Bitnob account).
- Fill out the amount in USD or your preferred local currency—you will get the equivalent of both either way.
- Initiate your withdrawal by tapping “Confirm” and entering your PIN.
- Your converted Bitcoin which was deposited to your USD account has just been sent to your preferred account in Ugandan Shillings.
In Conclusion,
It doesn’t end there with Bitnob. This means that you can convert your Bitcoin to more than just Ugandan shillings(UGX). Other local currencies include GHS, NGN, KES, RWF, CFA, etc.. Whether you're an investor, a freelancer, or someone receiving Bitcoin as a form of payment, Bitnob makes it easy to convert your Bitcoin into cash and use it in everyday transactions.
If you read to this point and do not have the Bitnob App, you can download it here and start on your journey to financial freedom.