Best cryptocurrency exchange Kenya 2022
How to choose a convenient and high-quality crypto platform? In order to understand all the diversity that the modern market of cryptographic services offers, we will determine the main points that distinguish a reliable and high-quality source, namely:
- functionality of the platform. Some resources have a limited set of services, while others offer you a large number of additional features. Focus on your own needs, and make your choice, having previously familiarized yourself with the proposed set of operations;
- the size of the commission. Visit the "Pricing" section to evaluate the possibility of using the resource based on your personal financial condition;
- the presence of a crypto wallet;
- the presence of a mobile application of the program, the convenience of the interface of the versions of the program used;
Next, we will look at how the best crypto exchanges in the world work.
The best exchanges for cryptocurrencies
The best cryptocurrency platform is usually an all-in-one resource that often combines the functions of an exchange, a crypto wallet, and a trading platform.
The major cryptocurrency exchanges offer their customers a huge selection of cryptocurrencies, low commissions on buy/sell transactions and no deposit fees, low deposit and withdrawal limits, and convenient settlement options.
An additional convenience is the mobile version of the program, which is generally not inferior to the functionality of the desktop version of the crypto exchange and is even much more convenient than the latter.
Reliability is the most important characteristic of a crypto exchange. Modern platforms use the best computer security standards to protect their clients' funds.
Customers around the world are becoming familiar with cryptocurrencies and are beginning to master them thanks to Coinbase.
About 73 million verified users, 10,000 organizations and 185,000 system partners from over 100 countries trust Coinbase and use our platform to easily and securely invest, spend, save, earn and use cryptocurrencies.
What does this platform offer? When you become a Coinbase user, you receive the following benefits:
- The ability to carry out transactions for the purchase, sale and exchange of cryptocurrency. More than 16 well-known cryptocurrencies are available on the platform.
- Best standalone crypto wallet Coinbase Wallet. It is a self-contained wallet where you have complete control over your cryptocurrency, keys and data. There is now a single, reliable repository for cryptocurrency and rare NFTs.
- Coinbase card. You can pay with cryptocurrency or USD wherever Visa debit cards are accepted. The card does not have an annual service fee and registration fee, in addition, it has a cashback of up to 4% on each purchase.
- The ability to borrow funds. Get cash by taking out a loan from Coinbase without having to sell bitcoins. The platform does not charge any fees, there is no credit check, and the annual rate at the time of writing is only 8%.
Coinbase also offers turnkey solutions for businesses and developers, free training and powerful 24/7 technical support. A mobile version of the program has been developed.
Visit Coinbase and enjoy the benefits of one of the most trusted and advanced crypto platforms in the world!
Binance is the leading cryptocurrency exchange by trading volume, trusted by millions of users worldwide!
Binance impresses with low rates and a wide range of offerings, including spot trading, crypto derivatives, the ability to make money from mining and staking, and to convert fiat currencies into cryptocurrencies easily and quickly and vice versa.
- More than 150 cryptocurrencies available for exchange and the most popular for buying and selling. By registering on the resource, you will be able to operate with popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Chainlink (Link), Tezos (XTZ), Cardano (ADA), Binance Coin (BNB).
- The ability to quickly and easily convert crypto to fiat and vice versa using a Binance Visa card. With a Binance card, you can use Bitcoin or BNB to pay for purchases in tens of millions of merchants around the world, while receiving cashback.
- P2P trading without commissions.
- Fiat deposit.
- Possibility to borrow on spot, margin or futures.
- Earnings from staking and mining, as well as the ability to earn interest on cryptoassets with Binance Savings.
In addition to these benefits, Binance offers a fast and secure mobile wallet - a wallet that allows you to store and manage cryptocurrencies wherever you are.
Binance is a very good choice for both novice and experienced traders.
Kraken, a cryptocurrency exchange that has been successfully operating on the market since 2011, is now one of the most popular platforms for currency trading among English-speaking traders around the world. Kraken is among the top ten similar sources, ranked first in terms of trading volume of the BTC / EUR pair and seventh in terms of daily trading volume. The company has gained great popularity because it pays great attention to service quality and security issues. As a result, it now enjoys an almost impeccable reputation among users from Europe and America.
Kraken is the first cryptocurrency exchange to display price and sales data on Bloomberg's terminal, and the first company to undergo an audit to prove it has cash reserves. The exchange is a partner of the first cryptocurrency bank, one of the leading platforms on the market, which is constantly developing and offering a convenient and functional service.
In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., coins that have gained recognition on the stock exchange are also available: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the website supports fiat money (US dollar, Yen, Canadian dollar, etc.). Kraken offers up to 5x leverage, low rollover fees, a professional trading interface and advanced API access.
Kraken is a complex operation, but it has a simple user interface, so that even a beginner can find their way around it. Try it out and you can benefit from the platform - it can be your ideal platform.
The Bittrex exchange is a platform for buying and selling cryptocurrencies and token assets with its own trading terminal and support for third-party terminals. Bitcoin, Ethereum, Tether, Cardano, XRP and other cryptocurrencies are traded on this exchange. Fiats are represented by euros and US dollars. The trading terminal takes the form of a web version for the PC and a mobile app for iOS and Android. There is a one-level recommendation program, no investment programs. There is no basic exchange check, just a full KYC check. There are all the major options for deposits, including MC and Visa cards. The cryptocurrency storage method is cool, the site uses the latest protocols to protect user data. The advantages of the platform are:
- Convenient interface.
- Fast verification.
- Simple trading process.
- Large selection of cryptocurrencies.
- Fast deposits and withdrawals.
- Customized trading platform.
- Availability for work in most countries of the world.
- One of the safest trading platforms in the world.
- The exchange operates within the framework of EU and Liechtenstein legislation.
The disadvantages include the lack of a crypto wallet and fiat currencies, as well as demo accounts and training programs.
Currently, the crypto exchange Bitmex is one of the market leaders in terms of trading volume. The platform allows you to buy and sell virtual asset contracts in combination with margin trading on BitMEX (with leverage).
BitMEX allows users to trade futures contracts on Bitcoin, BitcoinCash, Cardano, Ethereum, Litecoin, Ripple, and EOS. The most liquid instruments are the XBT / USD Perpetual Contract.
When trading on BitMEX, you can not only open positions to buy an asset, but also to sell it. This means that there is a way to make money with BitMEX, not only in a growing market, but also in a falling one.
The maximum leverage for Bitcoin is 100x, for other digital currencies it is lower.
BitMEX also has an API (Application Programming Interface) function that allows you to automate work on the platform. You can find this in your user account.
The Bitfinex exchange is the leading cryptocurrency exchange for experienced traders around the world and one of the leading exchanges in terms of awareness and trading volume. The platform serves almost every country in the world and supports transactions in fiat and digital assets. On the platform, users can trade Bitcoin and other major cryptocurrencies for USD and BTC. There are also cross loads when one altcoin can be exchanged for another. The company has its own trading terminal with a mobile app for margin trading; it offers leverage of up to 1:10 (up to 1: 100 for derivatives).
There are six main types of trading on the crypto exchange: exchange, margin, OTC, paper trading, derivatives, and margin collateral.
LocalBitcoins is a popular crypto exchange that offers the opportunity to quickly withdraw money and exchange coins for fiat currencies for profit.
Local Bitcoins was founded in Finland in 2012. The project aims to unite people and the economy in places where the usual banking system cannot be used to buy cryptocurrencies.
Advantages of the LocalBitcoins crypto exchange:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Disadvantages and ratings of the LocalBitcoins crypto exchange:
- Payment with other cryptocurrencies.
- Lack of official support for mobile devices.
The Poloniex exchange is considered one of the most popular cryptocurrency trading platforms.
The platform offers access to a wide range of altcoins. It is one of the largest exchanges in terms of bitcoin volume traded daily.
Poloniex was founded in the United States in 2014. The company's activities are not controlled by a regulatory authority, like most companies in the cryptocurrency sector.
In March 2014, Poloniex was hit by a major hacker attack. About 12% of the Bitcoins held on the exchange were stolen. Subsequently, the company raised fees to compensate affected users for their losses.
Currently, Poloniex offers the possibility to work with more than 120 cryptocurrencies, with a leverage of up to 1: 100, and convert them into fiat currency.
The investment platform offers 2 versions: WebTrader and a mobile application (for iOS and Android operating systems). Through the graphical interface, you can use tools and indicators for a better trading experience.
Poloniex also offers technical support through social media and an interface, a great option that not all exchanges offer. In addition, they have strengthened security measures to create a safer environment.
KuCoin is a Hong Kong-based cryptocurrency exchange that launched in September 2017.
The project team set itself the goal of creating a trading platform that stands out from the competition and puts the user at the center. For example, the exchange offers a lucrative bonus program and round-the-clock operational support.
It often adds coins before they even appear on competing platforms. The site offers a list of cryptocurrencies that are getting ready for a listing soon.
KuCoin (KCS) shares allow trading on more favorable terms. A similar system is used in the cryptocurrency exchange silo. KCS tokens are a decentralized cryptocurrency issued on the Ethereum blockchain (ERC 20 tokens).
KCS tokens can be purchased directly on the KuCoin exchange. KCS holders enjoy a number of benefits, such as commission income, reduced trading commissions, and access to other special services.
The platform offers basic analysis, charts, and indicators. You can top up the account balance with debit cards, cryptocurrencies, and e-wallets. These methods are also available for withdrawals. In addition to the affiliate program (payments for referrals), the website offers unique contests with cash prizes.
Bitpanda is an Austrian cryptocurrency exchange that specializes in buying and selling Bitcoins and other cryptocurrencies. Bitpanda.com is a fully automated platform: as soon as payment is confirmed, Bitcoins and other cryptocurrencies are automatically sent to buyers. Bitpanda (formerly known as Coinimal) is a cryptocurrency company based in Vienna. So far, the company has offered to buy Dash, Litecoin, Bitcoin, Bitcoin Cash, and Ethereum.
Bitpanda is available in over 54 countries and offers a variety of payment options (although fees may apply when depositing some cryptocurrencies). It also offers customer support via major social media, email, and phone.
You can buy over 50 different cryptoassets on the exchange, including Ethereum and Ripple. It accepts several fiat currencies, including Swiss francs and Turkish lira, making it one of the most versatile exchanges on the market.
Bitpanda also has its own currency - BEST - which you can use to pay fees on the exchange. "Best adopters" receive various benefits, the most notable of which is a 20% discount on premiums and trading fees.
It has 1.2 million users and has a daily turnover of $12 million.
Bitpanda uses cold storage. The funds are stored offline in AML5-compliant wallets. Since they are not connected to the Internet, the funds remain safe from hackers.
The company's servers are protected against DDoS attacks - the risk of a website crash is extremely low. In addition, all communication from you to the site is encrypted using Secure Socket Layer technology.
Bitpanda's interface makes it extremely easy to buy and sell cryptocurrencies. Try out this popular feature - registration takes no more than two minutes.
Coinmama started its operations in 2013. It is registered in Slovakia, but is owned by New Bit Ventures, which has its headquarters in Israel. At the same time, the exchange itself operates worldwide. During its operation, the exchange has proven its convenience and customer orientation for its users.
It is not possible to store cryptocurrencies on this source. All funds are sent immediately to the customer's wallet address.
Coinmama offers you a range of major tradable currencies to buy and/or sell, such as: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA. ), Qtum (QTUM), Ethereum Classic (ETC), Tezos (XTZ), and Eos (EOS).
The exchange offers the possibility to buy currencies against fiat currencies (dollars and euros).
There are several commissions in the stock market. The first is 5.5%, which is already included in the price that the investor sees. If you use a credit or debit card, there is also a handling fee. This is 5%. The bank that issues the card may also charge fees.
The platform is accessible online (currently no mobile app).
Coinmama is not an exchange in the usual sense of the word. Unlike the usual crypto exchanges, you can only buy coins here. The lack of an integrated wallet means that all funds you buy have to be transferred immediately to the address you specify. On the other hand, this makes the project more secure, as the risk of losing money in the event of a hacker invasion is eliminated.
Founded in 2013, the Hitbtc platform currently offers a high-tech exchange source (with an API that enables robot trading). You can also trade over 500 digital assets and the world's most traded cryptocurrencies (over 800 compatible pairs).
This platform also offers corporate accounts and various security systems so that your money is optimally protected.
The site is among the top 30 cryptocurrency exchanges and therefore remains very competitive. It has managed to achieve these results thanks to the offer of a large number of currency pairs and good functionality. The service offers high-quality trading tools presented in a convenient format, suitable for beginners and professionals alike.
The HitBTC cryptocurrency exchange is a good way to buy and trade cryptocurrencies.
On the Paxful platform, you can exchange fiat money for digital assets and earn money by connecting to an automated payment service and collecting referrals.
Paxful was founded in 2014. Today, you can exchange digital assets for fiat money in 400 ways on the website, and it works with almost all national currencies.
The platform offers the ability to buy or sell the cryptocurrency Bitcoin (BTC). You can withdraw money to a bank account in any country; transfer cash; electronic money; convert to gift cards for iTunes and Amazon; convert to many other cryptocurrencies; pay for purchases in stores (the last option is still under development).
It now has almost 5 million users and has developed a program aimed at bitcoin sellers. Paxful offers significant advantages in such a competitive market, and both buyers and sellers can negotiate fair terms.
They also offer a mobile app, which is a virtual wallet with a user-friendly graphical interface that allows you to exchange, receive, and send bitcoins.
Determine your goals when investing in cryptocurrencies and choose the right source for you based on the tools and features you need.
We wish you good luck in the crypto market!