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Degen (DEGEN) is the community token of the Degen channel on Farcaster, a decentralized social network. DEGEN started as a tipping token for rewarding quality content in the Degen Farcaster channel and has grown into a significant token on the Base L2 ecosystem. African social crypto enthusiasts can buy and sell DEGEN on Bitget and Bybit.
Crypto is in a legal grey zone in Ethiopia. The National Bank of Ethiopia (NBE) has not banned it, but has not issued formal regulation either. Millions of Ethiopians access it via P2P. Some ISPs block exchange websites — a VPN resolves this. Use reputable platforms and monitor NBE announcements for any changes.
This guide shows how to buy Degen (DEGEN) in Ethiopia using ETB on Bitget or Bybit.
✓ Network: Base (L2 Ethereum) | ✓ Withdrawal fee: ~$0.01 | ✓ Transfer time: 5-15 minutes
How to Buy Degen in Ethiopia
- Register on Bitget or Bybit and complete KYC.
- Buy USDT via P2P — Buy → USDT → ETB → pick a seller accepting CBE Birr, Telebirr, bank transfer. Fee: 0%.
- Spot swap to DEGEN — Spot → DEGEN/USDT → market buy. Instant. Fee: 0.1%.
- DEGEN is in your wallet.
Fee Breakdown
| Step | Action | Fee |
|---|---|---|
| 1 | ETB → USDT (P2P) | 0% |
| 2 | USDT → DEGEN (Spot) | 0.1% |
| Total | Buy DEGEN | ~0.1% |