Best Bitcoin Exchange for Chad

Chad is not so much a normal tourist destination, but rather a country for explorers and adventurous travellers. The still untouched and wild nature makes Chad so attractive. The breathtaking landscape can be experienced not only in the Zakouma National Park, but also outside. In the national park the whole animal world of Africa is represented by monkeys, elephants up to giraffes and lions, which one should not miss.

Besides the scenic beauties like Lake Chad and Emi Koussi, which is the highest mountain in the country, the Sahara also shows its most beautiful side. In the Ennedi Plateau there is a huge complex of sandstone. Due to wind and weather it is subject to constant change and rock paintings can also be found here. If one goes on a journey to the adventurous Chad, one should plan this well in advance. Vaccinations, valid identity documents, but also the travel cash belong to it. Where one can withdraw money in Chad, which means of payment are accepted and which is the national currency, can be seen in the following article.

CFA-Franc BEAC (XAF) – the national currency in Chad

Overview Banknotes Chad CFA franc BEACIn Chad, the CFA franc is the national currency and thus the official means of payment.

CFA-Franc is available in coins and banknotes, the denominations of which are shown in the table below:

• Coins: 1, 2, 5, 10, 25, 50, 100, 500 CFA franc
• Notes: 500, 1000, 2000, 5000, 10,000 CFA francs

The national currency may be imported without restriction, but is limited to a maximum amount of 25,000 CFA francs upon export. Foreign currency is subject to a declaration obligation upon import. The export is limited to the amount declared upon import, minus the amounts exchanged.

Changing money in Chad

There is no need to worry about a previous exchange into the local currency at your local bank. Euro or US Dollar can easily be exchanged in Chad. One should be aware that the US dollar will achieve a worse exchange rate when exchanged into the local currency. It is also advisable to exchange the US dollar for the national currency only if necessary. A re-exchange is also possible outside the CFA franc zone, but you will get a worse exchange rate.

Banks in Chad are usually open from Monday to Thursday between 07:00 and 13:00, Friday from 07:00 to 10:30 and Saturday from 07:00 to 13:00. It is recommended that you take sufficient cash with you when travelling in the surrounding area.

Cashing traveller’s cheques in Chad

Although traveller’s cheques are returned worldwide, they are recommended as a complementary means of payment in the travel fund. The advantage is that they are replaced immediately in the event of a loss. There are a few banks in the capital N’Djamen where travellers’ cheques can be cashed. If you take traveller’s cheques with you as an additional means of payment, they should preferably be issued in euros or US dollars.

Cashless payment in Chad

Cashless payment is not very widespread in Chad. Apart from some luxury hotels, Visa and Mastercard are rarely accepted and then only in the capital. Therefore, it is important to always take enough cash with you in order to be able to pay the bill in cash in case of an emergency.

If the credit card is used for cashless payment, one should know that a foreign assignment fee of between 1 and 4 % is added for this. If you are unsure how high the foreign assignment fee for your card is, you can contact the credit card institute before you start your journey or take a look at the contract documents again. There you will find all the binding information and the exact amount of the extra foreign assignment fee.

Withdraw money in Chad by EC card

There are ATMs in Chad, but they do not always work and do not accept EC cards. Therefore, it is advisable to take a credit card, preferably a visa, with you when travelling to Chad. This can not only be used for cashless payments, but also for withdrawing money in Chad. If you also use the right credit card, you can withdraw money free of charge in Chad. All information about this can be found in the next section. The EC card can, however, be useful for travel preparations.

You should pay attention as soon as you use a non-bank ATM. These are often charged a fee, which can be between 5 and 10 euros depending on the bank. If you travel to Chad outside Europe, V-Pay cardholders should also buy an alternative means of payment. It is not possible to withdraw cash outside Europe with a V-Pay card. It is also advisable to take a credit card with you.

Withdrawing money in Chad by credit card

Although there are ATMs in Chad, they often do not accept cash cards from abroad. If you are in the capital N’Djamena, you can withdraw money from the main bank with your Visa credit card at the counter. You should always make sure that you have sufficient cash in your travel fund, as it is difficult to obtain cash outside the capital. During the travel preparations it is recommended to have a look at the contract documents. Here you can see the amount of the fee for the foreign assignment. It is calculated as a percentage of the withdrawal amount and is often between 1 and 4%.

In general, a credit card should never be missing from a travel kit because it is accepted far more often than an EC card, whether for online bookings, cashless payments or withdrawing money. The following list contains banks that provide a travel credit card free of charge. They can also be used to withdraw cash free of charge from German third-party banks.

After submitting the application, you should allow about two weeks for the new credit card to arrive in your mailbox. If you want to use your new credit card to start your journey, you should consider applying in good time.

Security in dealing with money in Chad

If you observe the general safety precautions when withdrawing money in Chad, you can enjoy a carefree trip through the African country. This includes above all the hidden input of the secret number. If you also carry the PIN with you, it should under no circumstances be kept together with the corresponding card.

If one detects the loss of a money card or even the entire travel cash, immediate action is required to protect oneself from financial damage. To do this, contact the blocking emergency call directly, which blocks the lost card directly. The number can be reached via the following link. The 24-hour availability of the emergency call makes it possible to have the cards blocked at any time of the day or night.