In Africa, foreign exchange transactions, which are key to the operation of businesses, are slow, tedious, and expensive. Traditionally, business owners would visit banking halls teeming with long queues, mired in bureaucracy, and weighed down by numerous limitations, but times are changing.

Baki, an exchange product developed by DeFI company Canza Finance, allows them to perform slippage-free swaps at official central bank rates, retaining value and reducing transaction costs.

Baki is primarily used for trading, allowing users to hedge on supported currencies and withdraw their profits if their predictions are correct. As a DeFi native platform, users earn fees for holding funds on the platform and get cash-back rewards when they swap currencies and mint Baki’s native token. For every swap made, users pay a 0.8% transaction fee, which is then distributed evenly between users and Baki’s treasury. With the upcoming addition of the transfer feature and the on-ramp and off-ramp of cryptocurrencies, users will be able to send money to others using Baki, who can receive it in fiat currency.

We put together this step-by-step guide to help users navigate the Baki platform efficiently and understand key features and processes.

To get started, navigate to the official Canza finance website at Canza.io. Once you're on the homepage, locate and click on the prominently displayed "Start Now" button specifically intended for accessing the Baki Exchange