Best Altcoins to Trade and Invest in Cameroon (and How to Start on Obiex)

Table of Contents

• What Are Altcoins?
• Why Trade and Invest in Altcoins in Cameroon?
• Best Altcoins to Trade and Invest in Cameroon
  • Ethereum (ETH)
  • Binance Coin (BNB)
  • Cardano (ADA)
  • Solana (SOL)
  • Polkadot (DOT)
  • Ripple (XRP)
  • Litecoin (LTC)
  • Chainlink (LINK)
  • Stellar (XLM)
  • Dogecoin (DOGE)
• How to Make Money with Altcoins in Cameroon
• How to Start Trading Altcoins on Obiex
• To Recap
• FAQs

Cryptocurrency adoption is increasing in Cameroon, and more people are looking for profitable ways to trade and invest in digital assets. 

You don’t need to invest in Bitcoin to make substantial profits in cryptocurrency. Altcoins also offer great investment opportunities. 

In this article, we will provide you with a list of the best altcoins to trade and invest in Cameroon and how to start trading them on Obiex.

What Are Altcoins?

Altcoins, derived from the term “alternative coins”, refer to any cryptocurrency other than Bitcoin. 

These coins offer different functionalities, such as smart contracts, fast transactions, and lower fees. 

Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Polkadot (DOT) are all popular examples of altcoins.

Best Altcoins to Trade and Invest in Cameroon

1. Ethereum (ETH):

Ethereum is a leading cryptocurrency that has gained significant attention worldwide, including in Cameroon. 

Beyond being a digital currency, Ethereum is a platform for decentralised applications (dApps), enabling developers to build and deploy smart contracts—self-executing contracts with the terms directly written into code. 

This functionality has positioned Ethereum at the forefront of innovations like decentralised finance (DeFi) and non-fungible tokens (NFTs).

2. Binance Coin (BNB):

BNB is the native token of the Binance Exchange, one of the largest crypto exchanges in the world. 

It is used for transaction fees, trading, and payment purposes, making it a top altcoin for investors in Cameroon.

3. Cardano (ADA):

Cardano is a blockchain platform focused on scalability and sustainability. It offers low transaction fees and energy-efficient solutions, attracting long-term investors.

In Cameroon, ADA adoption has faced challenges due to the lack of exchanges supporting easy transfers to local currency or mobile money platforms. However, with Obiex providing trade options between ADA and XAF, this is no longer a problem.

4. Solana (SOL):

Solana is a high-speed blockchain with low transaction costs, making it ideal for developers and traders. Its growing ecosystem makes it a promising investment.

One of Solana's standout features is its ability to process transactions at high speed. The network can handle thousands of transactions per second (TPS), significantly more than many other blockchains. This high throughput ensures that transactions are confirmed quickly, enhancing user experience.

5. Polkadot (DOT):

Polkadot is a blockchain platform designed to connect multiple blockchains into a unified network, allowing them to work together seamlessly. 

This interoperability enables different blockchains to share information and features, enhancing their capabilities. 

Polkadot aims to create a decentralised web where independent blockchains can exchange information and transactions in a reliable manner. This innovation makes it a popular altcoin for long-term investment.

6. Ripple (XRP):

With growing interest in digital finance in Cameroon, especially as mobile money becomes more widely used, cryptocurrencies like Ripple are seen as viable alternatives for cross-border payments. 

In addition, many people in Cameroon are looking for better ways to send money to family members abroad or make payments to international merchants. 

XRP’s fast transaction speed and low fees can be very beneficial in such scenarios, making it an ideal option for Cameroonian users who want to trade crypto.

7. Litecoin (LTC):

Litecoin’s popularity in Cameroon has been steadily increasing due to its speed and low fees. 

In a country where financial inclusion is still growing, Litecoin offers a reliable way to conduct digital transactions, especially for people in rural areas who may not have access to traditional banking services. 

With Obiex supporting Litecoin trades, it becomes even easier for Cameroonians to trade and invest in Litecoin with the Central African CFA franc (XAF) on the platform.

8. Chainlink (LINK):

Chainlink has become popular worldwide for its real-world use cases, and Cameroon is no exception. 

As the digital economy grows in Cameroon, with more people getting involved in cryptocurrency, there is a need for reliable data in decentralised applications (dApps). 

Chainlink provides the infrastructure needed for smart contracts to operate securely, which makes it a solid investment choice for Cameroonian investors. 

As Cameroon’s blockchain ecosystem continues to expand, Chainlink’s potential to provide cross-chain data solutions places it as one of the top altcoins to watch in 2025.

9. Stellar (XLM):

Stellar (XLM) is a great option for trading and investing in Cameroon because it has a fast, efficient network that allows for affordable transactions. 

Many people need to send money across borders to family or businesses in other countries from Cameroon. Stellar helps solve this problem by reducing the fees typically associated with traditional money transfer services. 

As digital currencies continue to gain traction globally, Stellar’s reputation for speed and reliability is also growing. If you are looking to buy crypto in Cameroon, Stellar (XLM) offers a great opportunity for both short-term trading and long-term investment.

10. Dogecoin (DOGE):

Dogecoin (DOGE) is a cryptocurrency that started as a fun and light-hearted project but has grown into one of the most recognised altcoins in the market.

Dogecoin stands out due to its lower entry cost compared to other cryptocurrencies like Bitcoin. This makes it an attractive option for those looking to invest in crypto without having to spend large sums. 

The widespread use of digital wallets in Cameroon also makes it easy for Cameroonians to buy, trade, and invest in Dogecoin. 

How to Make Money with Altcoins in Cameroon

• Trading: Buy and sell altcoins to profit from price movements.
• Staking: Earn passive income by locking your coins to support blockchain networks.
• Holding (HODLing): Buy altcoins and keep them long-term for potential price appreciation.
• Lending: Loan your crypto to earn interest on platforms that support lending.

Read more about how to make money with altcoins in Cameroon here.

How to Start Trading Altcoins on Obiex

Obiex supports over 30 cryptocurrencies, providing Cameroonians with numerous options for trading and investment. 

Whether you're looking to buy crypto, explore the best altcoins to trade and invest, or learn how to make money with altcoins in Cameroon, Obiex offers a user-friendly platform to meet your needs. 

Here’s how to start trading on Obiex:

1. Create Your Obiex Account:

Before you can start trading altcoins, you’ll need to create an Obiex account. This process is simple and only takes a few minutes. 

Go to the Obiex website or download the Obiex app, and click on the "Sign Up" button. 

You will need to provide your email address, create a password, and verify your email. Once your account is set up, you’re ready to begin.

2. Deposit XAF or Other Local Currency:

Once your account is created, you need to deposit funds to trade. You can buy altcoins by using the local currency, XAF (Central African CFA Franc). 

To do this, go to your Obiex account, select the "Deposit" option, and choose XAF as your deposit currency. 

You’ll be able to use various payment methods like Mobile Money (MOMO), which is very popular in Cameroon, or bank transfers to deposit funds. 

Once your deposit is confirmed, your funds will appear in your wallet.

3. Select the Altcoin You Want to Trade:

With your funds in your account, you can now choose which altcoin you want to trade. Obiex supports more than 30 cryptocurrencies, including Ethereum (ETH), Binance Coin (BNB), and Solana (SOL). 

To start trading, simply go to the "Market" section or browse through the available altcoins and pick the one that interests you. 

In the marketplace, you can filter the altcoins by market trends, price changes, or other factors.

4. Buy the Altcoin:

After selecting the altcoin, the next step is to buy it. Go to the "Buy" section, where you will be prompted to enter the amount of the altcoin you want to purchase. 

Select XAF or the currency you deposited as your payment method. Review the order details carefully, and confirm the purchase. 

Your altcoin will be transferred to your Obiex wallet once the transaction is complete.

5. Monitor Your Investment:

After purchasing the altcoin, you can monitor its price and performance in real-time through the Obiex app or website. 

Keep an eye on market fluctuations and trends to make informed decisions on when to buy or sell your altcoins. 

Obiex provides charts and price indicators to help you track your investment.

6. Sell Your Altcoin for XAF or USDT:

If you decide to sell your altcoin, simply go to the "Sell" section, select the altcoin you wish to sell, and enter the amount you want to sell. 

You can then choose XAF as your withdrawal currency, or you can convert your altcoin into USDT (Tether). 

Once the sale is completed, the funds will be available in your wallet.

7. Withdraw Your Funds:

After selling your altcoins, you may want to withdraw your funds back to your bank account or Mobile Money (MOMO) wallet. 

To do this, go to the "Withdraw" section on Obiex, select XAF as the withdrawal currency, and choose your preferred withdrawal method. 

Confirm the withdrawal, and your funds will be sent to your designated account.

8. Repeat the Process:

The more you trade, the more familiar you’ll become with the process. You can repeat these steps to buy and sell different altcoins, diversify your portfolio, and learn how to make money with altcoins in Cameroon.

To Recap

• The best altcoins to trade on Obiex are Ethereum, Binance, Cardano, Solana, Polkadot, Solana, Ripple, Litecoin, Chainlink, Stellar, and Dogecoin.
• You can make money with altcoins in Cameroon by staking, holding, trading, and lending.
• You can trade over 30 altcoins on Obiex.
• The Obiex platform provides options for Cameroonians to trade wit their local currency, XAF.

💡Sign up on Obiex to start trading and investing in altcoins today.

FAQs

Q1. What is the best altcoin to invest in Cameroon?

Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Polkadot (DOT) are some of the best altcoins.

Q2. How can I buy crypto in Cameroon?

You can buy crypto in Cameroon using platforms like Obiex via P2P transactions or direct purchases.

Q3. Is crypto trading legal in Cameroon?

While cryptocurrencies are not yet regulated, many Cameroonians actively trade and invest in digital assets.

Q4. How do I make money with altcoins in Cameroon?

You can trade, stake, hold, or lend altcoins to earn profits.

Q5. How do I buy & sell USDT with XAF in Cameroon?

Use the Obiex P2P marketplace to buy and sell USDT using XAF and local payment methods like MOMO.

Q6. Which is the best platform to trade altcoins in Cameroon?

Obiex is one of the best platforms, offering secure and easy trading services.

Q7. How do I start trading on Obiex?

Create an account, deposit funds, and start trading altcoins on the platform.

Q8. What payment methods can I use to buy crypto in Cameroon?

You can use mobile money (MOMO) and other payment options available on Obiex.

Q9. What is the safest way to store my crypto?

Use secure wallets like hardware wallets or reputable exchanges like Obiex.

Q10. Can I withdraw crypto to my bank account?

You can convert your crypto to fiat via P2P platforms and withdraw to your bank account.

Disclaimer: This article was written to provide guidance and understanding. It is not an exhaustive article and should not be taken as financial advice. Obiex will not be held liable for your investment decisions.