Best cryptocurrency exchange Kenya 2022
How to choose a convenient and high-quality crypto platform? In order to understand all the variety offered by the modern market of crypto services, let's define the main points that distinguish a quality and reliable 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;
Below we will look at how the best cryptocurrency exchanges in the world work.
Best exchanges for cryptocurrencies
The best cryptocurrency platform is usually a multifunctional resource, which often combines the functions of an exchange, cryptocurrency wallet and trading platform.
Major cryptocurrency exchanges offer their customers a huge selection of cryptocurrencies, low commissions for 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 in general is not inferior in functionality to the desktop version of the crypto exchange and even much more convenient than the latter.
Reliability is the most important characteristic of a cryptocurrency exchange. Modern platforms use the best standards of computer security to protect their clients' funds.
Customers from all over the world are learning about cryptocurrencies and starting to master them thanks to Coinbase.
About 73 million verified users, 10,000 organizations and 185,000 system partners from more than 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 get 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 out-of-the-box solutions for businesses and developers, free training and strong 24/7 technical support. A mobile version of the program has been developed.
Visit Coinbase and enjoy the benefits of one of the most reliable and advanced crypto platforms in the world!
Binance is the leading cryptocurrency exchange in terms of trading volume, trusted by millions of users around the world!
Binance impresses with low commissions and a wide range of offers, including spot trading, crypto derivatives, the ability to earn from mining and stacking, and the ability to easily and quickly convert fiat currencies to cryptocurrencies 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 Trust Wallet mobile app, a wallet that allows you to store and manage cryptocurrencies wherever you are.
Binance is a really good choice for beginners and experienced traders alike.
Kraken, a cryptocurrency exchange that has been successfully operating in the market since 2011, is now one of the most popular coin trading platforms among English-speaking traders around the world. Kraken is in the top 10 of such sources, ranking first in terms of BTC / EUR pair trading volume and seventh in terms of daily turnover. The company has gained a lot of popularity due to its focus on quality of service and security issues. As a result, it now enjoys an almost flawless reputation among users in Europe and America.
Kraken is the first cryptocurrency exchange to display price and sales data on the Bloomberg terminal, and the first company to be audited to prove it has cash reserves. The exchange is a partner of the first cryptocurrency bank, one of the leading platforms in the market, which is constantly developing and offers a convenient and functional service.
In addition to popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., exchange-traded coins are also available: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the site supports fiat money (U.S. dollar, yen, Canadian dollar, etc.). Kraken offers up to 5x leverage, low rollover fees, professional trading interface and advanced API access.
Kraken is a complex operation, but it has a simple user interface so even a beginner can navigate it. Give it a try and you can benefit from this platform - it might be your ideal platform.
Bittrex exchange is a platform for buying and selling cryptocurrencies and tokenized 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. Fiat is presented in euros and U.S. dollars. The trading terminal takes the form of a web version for PCs and a mobile app for iOS and Android. There is a single-tier recommendation program, there are no investment programs. There is no basic exchange verification, only KYC due diligence. There are all basic deposit options, including MC and Visa cards. The method of cryptocurrency storage is cold, the site uses the latest protocols to protect user data. 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 cryptocurrencies and fiat currencies, as well as demo accounts and training programs.
Bitmex crypto exchange is currently one of the market leaders in terms of trading volume. The platform allows you to buy and sell virtual asset contracts combined 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 perpetual XBT / USD contracts.
When trading on BitMEX, you can open positions not only to buy an asset but also to sell it. This means that with BitMEX there is an opportunity to make money not only in a rising market but also in a falling market.
The maximum leverage for Bitcoin is 100x, for other digital currencies it is lower.
BitMEX also has an API (Application Programming Interface) feature that allows you to automate your work on the platform. You can find this in your user account.
Bitfinex is the leading cryptocurrency exchange for experienced traders from all over 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 exchange Bitcoin and other leading cryptocurrencies for U.S. dollars and BTC. There are also cross rates where one altcoin can be exchanged for another. The company has its own trading terminal with a mobile app for margin trading; it offers leverage up to 1:10 (up to 1: 100 for derivatives).
There are six main types of crypto trading: exchange, margin, OTC, paper trading, derivatives and margin collateral.
LocalBitcoins is a popular cryptocurrency exchange that offers the ability to quickly withdraw money and exchange coins for fiat currencies at a profit.
Local Bitcoins was founded in Finland in 2012. The project aims to connect people and the economy in places where the conventional banking system cannot be used to buy cryptocurrencies.
The benefits of the cryptocurrency exchange LocalBitcoins:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Disadvantages and ratings of LocalBitcoins cryptocurrency 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 daily bitcoin trading volume.
Poloniex was founded in the United States in 2014. The company's activity is not controlled by the regulator, like most companies in the cryptocurrency sector.
In March 2014, Poloniex suffered a major hacking attack. About 12% of bitcoins stored on the exchange were stolen. After that, the company increased fees to compensate affected users for their losses.
Currently, Poloniex offers the ability to work with more than 120 cryptocurrencies, with leverage up to 1: 100, and convert them into fiat currency.
The investment platform offers 2 versions: WebTrader and mobile application (for iOS and Android operating systems). Thanks to the graphical interface you can use tools and indicators for a better trading experience.
Poloniex also offers technical support through social media and the interface, a great feature that not all exchanges offer. In addition, they have strengthened security measures to create a more secure environment.
KuCoin is a Hong Kong-based cryptocurrency exchange launched in September 2017.
The project team has set a goal to create a trading platform that stands out from the competition and puts the user in the spotlight. For example, the exchange offers a lucrative bonus program and 24-hour operational support.
Often adds coins even before they appear on competing platforms. The site offers a list of cryptocurrencies that are preparing for listing in the near future.
KuCoin Shares (KCS) tokens allow trading on more favorable terms. A similar system is used on the cryptocurrency exchange Binance. KCS tokens are a decentralized cryptocurrency issued on the Ethereum blockchain (ERC 20 tokens).
KCS tokens can be purchased directly from the KuCoin exchange. KCS holders enjoy a number of benefits, such as commission income, reduced trading fees and access to other special services.
The platform offers basic analysis, charts and indicators. You can fund your account balance using debit cards, cryptocurrencies and e-wallets. These methods are also available for withdrawals. In addition to the affiliate program (payments for referrals), the site 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 startup based in Vienna. So far, the company has offered purchases of Dash, Litecoin, Bitcoin, Bitcoin Cash and Ethereum.
Bitpanda is available in more than 54 countries and offers many payment options (although fees may apply to deposits in some cryptocurrencies). It also offers customer support via major social networks, email, and phone.
You can buy more than 50 different crypto-assets on the exchange, including Ethereum and Ripple. It accepts a variety of fiat currencies, including Swiss francs and Turkish liras, making it one of the most versatile exchanges on the market.
Bitpanda also has its own currency - BEST - which you can use to pay commissions on the exchange. Best Adopters" receive various benefits, the most notable of which is a 20% discount on trading premiums and fees.
It has 1.2 million users and a daily trading volume of $12 million.
Bitpanda uses cold storage. Funds are stored offline in AML5 compliant wallets. Since they are not connected to the Internet, funds remain safe from hackers.
The company's servers are protected from DDoS attacks - the risk of crashing the site is extremely low. In addition, all your communication with the site is encrypted using Secure Socket Layer technology.
Bitpanda's interface makes buying and selling cryptocurrencies extremely easy. Try this popular resource - 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 is headquartered in Israel. At the same time, the exchange itself operates around the world. During its operation, the exchange has proved to its users its convenience and customer focus.
Cryptocurrencies cannot be stored on this source. All funds are immediately sent to the customer's wallet address.
Coinmama offers you to buy and/or sell a number of great circulating coins 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 opportunity to buy coins for fiat currencies (dollars and euros).
There are several commissions on the stock exchange. The first is 5.5%, which is already included in the price the investor sees. If you use a credit or debit card, there is also a processing fee. That's 5%. The bank issuing the card may also charge a fee.
The platform is available online (it does not currently have a mobile app).
Coinmama is not an exchange in the usual sense of the word. Unlike usual cryptocurrency exchanges, here you can only buy currencies. The absence of a built-in wallet means that all funds you buy must be immediately transferred to the address you specify. On the other hand, it makes the project more secure because this fact eliminates the risk that you will lose money in case of hacker intrusion.
Founded in 2013, the Hitbtc platform now offers a source of a high-tech exchange (with an API that allows the use of trading robots). You can also trade more than 500 digital assets and the world's most listed 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 quite competitive. It was able to achieve these results due to offering a large number of currency pairs and good functionality. The service offers high-quality trading tools presented in a convenient format suitable for both beginners and professionals.
The HitBTC cryptocurrency exchange is a good way to both buy and trade cryptocurrencies.
On the Paxful platform you can exchange fiat money into digital assets and earn money by connecting to an automated payment service and collecting referrals.
Cryptocurrency exchange Paxful was founded in 2014. Today you can exchange digital assets for fiat money on the site in 400 ways, and it works with almost all national currencies.
The platform offers the opportunity to buy or sell Bitcoin cryptocurrency (BTC). You can withdraw money to a bank account in any country; transfer cash; e-money; convert to gift cards for iTunes and Amazon; convert to many other cryptocurrencies; pay for purchases in stores (the latter option is still under development).
It now has almost 5 million users and has developed a program that targets 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 opportunities you need.
We wish you good luck on the cryptocurrency market!