After many peregrinations you have found reliable sites and the right way to earn crypto currency for what you can invest in time, energy, material and financial resources to achieve it. Now comes the question of how to withdraw your earnings so that they leave the digital world to your wallet.
The question differs depending on your banking situation: whether you have a current bank account, a savings account, access to a debit or credit card, or simply a mobile money account hosted by one of the national telephone operators.
It is therefore necessary to take into account on the one hand the banking services to which you have access and the cards linked to them and on the other hand the tools that will allow you to recover your earnings.
BANK ACCOUNTS
For bank account holders, the savings account cannot receive international transfers, so it is mandatory to have a current account. According to the information obtained from various banks in the country, access to this account requires several conditions:
The photocopy of the CNI of course
Proof of salary (work contract in some banks, in others the pay slip is accepted)
A map of your location
Water or electricity bill in your name
Deposit of at least 50.000
A large number of Cameroonians will not be able to open this type of account, given the fact that a large percentage of workers do not have a work contract and are not paid by pay slip.
THE CARDS
There are two types of cards: those that can only be used in the country and those that can be used in the country, when traveling and on the Internet.
National and international debit cards cannot be used to withdraw your winnings, so you must use credit cards to get your winnings.
Here the choice of credit card (national or international) will depend on the tool you choose to collect your winnings.
Sites and applications accessible from Cameroon
Beforehand, you should know that in order to respect the financial regulations in the West, many sites providing financial services are obliged to subject their clients to identity verification and for some to proof of the origin of their transactions in order to fight against money laundering. This procedure is commonly called KYC. I classify them in several categories:
Those whose use is subject to a tiered KYC
No KYC for cryptomoney transactions but require KYC for fiat currency transactions including in simple language selling your cryptomoney and making a withdrawal in dollars or euros
Those that require no KYC for cryptomoney transactions not exceeding a total amount they have set in dollars: KRAKEN, PAYEER, AIRTM. Between 900- 1000 dollars.
Here there are some who have set a daily limit, others a weekly limit and finally a global limit
Those who require KYC
Those requiring a more advanced KYC:
Those giving access to cryptocurrency transactions for a minimal amount without verification of his identity but which require a thorough KYC for the direct withdrawal of his earnings to his card or bank account: COINBASE, KRAKEN, AIRTM, EJARA
By simple KYC we mean the verification of identity through the presentation of identification documents such as a National Identity Card, Passport or Driving License. In general, the site just asks to film these documents and send them.
By KYC push we mean the verification of identity by presenting identification documents and proof of address such as a lease agreement, tax registration or a water or electricity subscription bill. It varies according to the sites or applications used, but it is to be deplored that some of them do not accept water and electricity bills from our services in the country because, according to them, the addressing service is not effective throughout the territory.
The case of sites and applications made in Cameroon
For the moment I only know of 2 that are in the business of depositing and withdrawing cryptomoney, which allow us to use our local bank accounts and cards, and our mobile money.
These are the EJARA application and the PAYCAM website.
Personally I have only used EJARA for the moment. I will let you know my opinion on PAYCAM when I will test it.
The case of PAYPAL
I opened a Paypal account, I was unpleasantly surprised to see that the majority of African countries can open a Paypal account and fund it to make online payments but cannot receive payments through Paypal. There are only 8 African countries that can receive money on Paypal: BOTSWANA, KENYA, MAURITIUS, MOROCCO, MOZAMBIQUE, SENEGAL, ALGERIA, EGYPT, MALAWI, SOUTH AFRICA,
I have only mentioned the sites and applications that I have used. There are so many that I can not cite them all because to do so you must first reach an amount of cryptomoney corresponding to their respective minimum receipt or withdrawal, if you know of other sites and applications that can be used with our Cameroonian realities let me know in the comments.