Gate P2P supports various local fiat currencies in the African market, including NGN, GHS, ZAR, KES, XAF, XOF, TZS, and ETB, providing local users with convenient deposit and withdrawal channels.
Compared to other platforms, Gate P2P has a significant advantage in Africa with its zero fee policy and a relaxed environment where there are no trading limits for specific currencies (such as ETB), allowing African users to freely buy and sell.
01 Gate P2P Africa Map: Supported Coins and Market Coverage
According to public information and platform data, Gate P2P’s business support has covered major economies in Sub-Saharan Africa.
Currently, the platform supports a wide variety of fiat currencies in Africa, including Nigeria’s NGN, Ghana’s GHS, South Africa’s ZAR, Kenya’s KES, as well as the widely used XOF and XAF in West and Central Africa.
Except for the Ethiopian ETB, these fiat currencies support the most densely populated and highly active cryptocurrency countries and regions in Africa.
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This layout precisely meets the urgent demand of African users for cryptocurrency trading. In recent years, Africa has become one of the most vibrant and fastest-growing regions for cryptocurrency globally, with Kenya, Nigeria, South Africa, and Tanzania all ranking in the top twenty worldwide for cryptocurrency adoption.
02 Zero Fee Strategy: A Revolutionary Measure to Reduce Trading Costs
Under the industry trend where some platforms have begun to charge maker fees to P2P merchants, Gate stands out by adhering to a zero-fee policy for P2P transactions, not charging merchants any transaction fees. This strategy significantly reduces operational costs for African traders and enhances capital efficiency.
A transfer of 200 dollars typically incurs a fee of about 12.66% with traditional banks, around 5.35% with remittance companies, whereas using the Gate P2P platform can significantly reduce these fees.
Gate’s differentiated strategy has established a strong competitive advantage. In the third quarter of 2025, the number of users on the Gate platform exceeded 41 million, with a 5.7% quarter-on-quarter increase in P2P transaction conversion rates, indicating that the zero-fee strategy has a significant effect on user growth and activity.
03 Outperforming Competitors: The Unique Advantages of Gate P2P
Gate P2P’s advantages in the African market are not limited to zero fees; they also reflect the freedom of trading and the convenience of payments.
Liberation of trading limits
Currently on Gate, users can freely buy and sell without restrictions on price or quantity, which is particularly attractive to traders using ETB.
Diversification of payment methods
Gate P2P platform supports over 450 payment channels, truly achieving barrier-free fiat exchange globally.
African users can conduct transactions through commonly used local bank transfers and other payment methods, significantly lowering the entry barrier.
04 Security Assurance and Platform Ecology
In addition to the obvious cost advantages, Gate also provides multiple security protection mechanisms, including two-factor authentication (2FA), anti-phishing technology, and fund escrow services, to ensure the safety of funds for both buyers and sellers.
The total value of the platform’s reserve fund has reached 10.453 billion USD, with an excess reserve ratio of 23.09%. User assets are 100% verifiable, providing security for merchants.
The global compliance network covers more than 10 countries and regions including Lithuania and Japan, and recently obtained a VASP license in Dubai, further expanding compliance services in the Middle East. These compliance advantages provide a more stable trading environment for P2P merchants.
05 The Development of the African Cryptocurrency Market and Gate’s Layout
The cryptocurrency market in Africa not only experienced a value growth of over 1200% last year, but the adoption rate of cryptocurrency among the grassroots population in Africa is also the highest in the world.
In Africa, P2P platforms are not only a gateway for users to enter the cryptocurrency space but are also widely used for remittances and even commercial transactions.
Gate recently announced the launch of its stablecoin Gate USD (GUSD) for African institutions, aimed at providing African businesses with stable access to digital dollars for international transactions, managing liquidity, and facilitating on-chain settlements.
Gate also revealed that GUSD is being used in humanitarian pilot projects in Africa. A non-profit organization is currently conducting two GUSD-based projects in Kenya, including providing drought insurance and parametric rainfall insurance products for farmers.
Future Outlook
As Gate’s global user base surpasses 41 million and continues to grow, its P2P platform has become the industry benchmark thanks to its zero-fee policy, top-notch merchant services, and extensive fiat support.
Whether small individual merchants or large institutions, they can find a suitable growth path in the Gate P2P ecosystem – zero fees reduce operating costs, exclusive services meet personalized needs, and global compliance layout ensures transaction security. This is the core advantage that allows Gate to stand out in fierce market competition.
The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement.
Link for clients to register on Gate: HERE.
