Crypto & Perp Trading in Tanzania

Tanzania's regulator currently restricts parts of crypto activity.

Asset classes on Canborsa

Crypto perps

52 markets ›

Stock & pre-IPO perps

26 markets ›

Commodity perps

4 markets ›

Index perps

4 markets ›

M-Pesa PayBill funds the TZS P2P desk on MEXC, one of Tanzania's top exchanges, at zero P2P fees.

Airtel Money is part of Binance's TZS P2P payment coverage alongside M-Pesa and Mixx by Yas.

Tigo Pesa, rebranded Mixx by Yas, is a listed P2P payment method on MEXC's Tanzania TZS desk.

Binance's TZS P2P desk includes direct bank transfers to CRDB and NMB accounts alongside mobile money.

No exchange serving Tanzania accepts a direct TZS deposit into its own account.

Crypto Transfer (USDT TRC20)

funding rail

WORKS

Users buy USDT on MEXC or Binance and send it to Bybit as a TRC20 transfer.

Tanzanian banks refuse to process crypto-related card payments.

Three percent withholding tax on payments made to the owner of a digital asset. The Finance Act, 2024 (Act 6 of 2024) added sections 83B, 83C and 83D to the Income Tax Act; section 83C is headed "Withholding tax on payments to owner of digital asset", and the corresponding rate entry reads "in case of payment referred to under section 83C(1), - three percent".

Crypto trading in Tanzania is regulated.

Tanzania residents can choose from 31 platforms, including Aevo, ApeX and Aster.

For crypto traders in Tanzania: Identity verification sits on a statutory footing, because the Anti-Money Laundering (Amendment) Act, 2022 brought virtual asset service providers inside the Anti-Money Laundering Act, Chapter 423.

In Tanzania, crypto accounts can be funded using Mobile Money (M-Pesa), Mobile Money (Airtel Money) and Mobile Money (Tigo Pesa / Mixx by Yas).