Best cryptocurrency exchanges Kenya 2022
How to choose a convenient and high-quality cryptocurrency platform? In order to understand all the diversity offered by the modern market of cryptocurrency services, we will define the main points that distinguish a high-quality and reliable resource, 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 see how the best cryptocurrency exchanges in the world work.
The best cryptocurrency exchanges
The best cryptocurrency exchange platform is usually a multifunctional resource, which usually combines the functions of exchange, cryptocurrency wallet and trading platform.
Leading cryptocurrency exchanges offer customers a huge selection of cryptocurrencies, low buy/sell commissions and no deposit fees, low deposit and withdrawal limits and convenient settlement options.
An additional facility is the mobile version of the program, which in principle is not inferior in functionality to the desktop version of the cryptocurrency exchange, and is much more convenient than the latter.
Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the best IT security standards to protect their clients' funds.
Please read carefully the features, specifications and conditions of use of the cryptocurrency exchange before you start trading.
Customers around the world are learning about cryptocurrencies and, thanks to Coinbase, are beginning to master the field.
Approximately 73 million verified users, 10,000 organizations and 185,000 system partners from over 100 countries trust Coinbase and use our platform to invest, spend, save, earn and use cryptocurrencies easily and securely.
What does the platform offer? By becoming a Coinbase user, you will enjoy the following advantages:
- 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 companies and developers, free training and powerful 24/7 technical support. A mobile version of the software has been developed.
Visit Coinbase and enjoy the benefits of one of the most reliable and advanced cryptocurrency platforms in the world.
Binance is the leading cryptocurrency exchange in terms of trading volume and is trusted by millions of users worldwide.
Binance benefits from low commissions and a wide range of products, including spot trading, cryptocurrency derivatives, the ability to earn money through mining and staking, as well as quick and easy conversion from 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 advantages, Binance offers a fast and secure mobile application Trust Wallet, a wallet that allows you to store and manage cryptocurrencies wherever you are.
Binance is a very good choice for both beginners and experienced traders.
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 among the top ten similar resources, ranking first in terms of trading volume of the BTC / EUR pair and seventh in terms of daily turnover. The company has gained great popularity due to the fact that it pays great attention to the quality of service and security issues. As a result, the company now enjoys an almost impeccable reputation among users in Europe and America.
Kraken is the first cryptocurrency exchange to display quotes and sales data on a Bloomberg terminal and is the first company of its kind to pass an audit on cash reserves. The exchange is partnered with the first cryptocurrency bank, one of the leading platforms in the market, which is constantly evolving to offer a convenient and functional service.
In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., the exchange also offers coins that have gained recognition: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the site supports fiat currency (US dollar, yen, Canadian dollar, etc.). Kraken offers up to 5x leverage, low rollover rates, professional trading interface and advanced API access.
Kraken is a complex operation, but a simple interface, so even a beginner can navigate the resources. Try it and use the platform: it could 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 the exchange. The fiat currencies are represented by euros and US dollars. The trading terminal in the form of a web version for PC and a mobile app for iOS and Android. There is a single-level referral program, no investment program. There is no basic stock exchange verification, but an extensive KYC type. There are all major deposit options, including MC and Visa cards. The cryptocurrency storage method is cold, the site uses the latest protocols to protect user data. The benefits of the platform include:
- 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.
Disadvantages include the lack of a portfolio of cryptocurrencies and fiat currencies, as well as demo accounts and training programs.
Currently, the Bitmex cryptocurrency exchange 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 offers users the possibility 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 open positions not only to buy, but also to sell assets. This means that it is possible to make money on BitMEX not only in a bull market, but also in a bear market.
The maximum leverage for bitcoin is 100x, for other digital currencies it is lower.
BitMEX also has an API (application programming interface) that can be used to automate work on the platform. You can find it in your user account.
Bitfinex exchange is the leading cryptocurrency exchange for experienced traders worldwide and one of the leading exchanges in terms of recognition and trading volume. The platform serves almost every country in the world and supports transactions in both fiat currency and digital assets. On the platform, users can exchange bitcoin and other major cryptocurrencies for USD and BTC. Cross-currency fees are also available, 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 of up to 1:10 (up to 1:100 for derivatives).
There are six basic types of transactions on a cryptocurrency exchange: exchange, margin, OTC, paper trading, derivatives and margin hedging.
LocalBitcoins is a popular cryptocurrency exchange that offers you the ability to withdraw money quickly and profitably by exchanging coins for fiat currency.
Local Bitcoins was founded in 2012 in Finland. The project aims to bring people and the economy together in places where the usual banking system cannot be used to buy cryptocurrencies.
Advantages of LocalBitcoins cryptocurrency exchange:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Cons and reviews of LocalBitcoins cryptocurrency exchange :
- Payment with other cryptocurrencies.
- Lack of official support for mobile devices.
Poloniex exchange is considered to be one of the most popular platforms for cryptocurrency trading.
The platform provides 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 2014 in the United States. The company's operations are not controlled by any regulator, like most companies in the cryptocurrency space.
In March 2014, Poloniex suffered a major hacker attack. Around 12% of the bitcoins stored on the exchange were stolen. Following the incident, the company increased fees in order to compensate affected users.
Currently, Poloniex offers the possibility to work with more than 120 cryptocurrencies, leverage up to 1:100 and conversion to fiat currency.
The trading platform offers 2 versions: WebTrader and a mobile application (for iOS and Android operating systems). The graphical interface allows you to use tools and indicators for a better experience.
Poloniex also offers technical support via social media and interface, which is a great option that not all exchanges offer. In addition, they have improved security to provide a more secure environment.
KuCoin is a Hong Kong-based cryptocurrency exchange launched in September 2017.
The project team aims to create a trading platform that distinguishes itself from the competition by being user-oriented. For example, the exchange offers a lucrative bonus program as well as round-the-clock operational support.
It often adds coins before they appear on competing platforms. On the site, you will find a list of cryptocurrencies that are preparing to launch on the exchange 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 on the KuCoin exchange. KCS holders enjoy a number of benefits, including commission income, reduced trading fees and access to other special services.
The platform has basic analytics, charts and indicators. Account balance replenishment is possible from debit cards, cryptocurrencies and e-wallets. These methods are also available for withdrawal. In addition to the affiliate program (pay for referrals), the site offers unique contests with cash prizes.
Bitpanda is an Austrian cryptocurrency exchange specialized in buying and selling bitcoin and other cryptocurrencies. Bitpanda.com is a fully automated platform: as soon as a payment is confirmed, bitcoins and other cryptocurrencies are automatically sent to the buyers. Bitpanda (formerly known as Coinimal) is a Vienna-based cryptocurrency startup. To date, the company has offered to buy Dash, Litecoin, Bitcoin, Bitcoin Cash and Ethereum.
Bitpanda is available in over 54 countries with a variety of payment options (although fees may apply when depositing certain cryptocurrencies). It also offers customer support through major social networks, email and phone calls.
This exchange allows you to buy more than 50 different cryptocurrencies, including Ethereum and Ripple. It accepts several fiat currencies, such as the Swiss Franc and Turkish Lira, making it one of the most diverse exchanges.
Bitpanda also has a native currency - BEST - which can be used to pay fees on the exchange. BEST has several advantages, the most notable of which is a 20% discount on premiums and trading fees.
It has 1.2 million users and a daily trading volume of US$12 million.
Bitpanda uses cold storage. Funds are stored offline in AML5-compliant wallets. Because they are not connected to the Internet, funds remain safe from hackers.
The company's servers are protected against DDoS attacks: the probability of your website going down is extremely low. In addition, all your communications with the website are encrypted using Secure Socket Layer technology.
Bitpanda's interface makes buying and selling cryptocurrencies incredibly easy. Try this popular resource - registration will take you no more than two minutes.
Coinmama started its activities in 2013. It is registered in Slovakia, but its owner is New Bit Ventures, based in Israel. At the same time, the exchange itself operates worldwide. During its operation, the exchange has proven its convenience and customer orientation to its users.
No cryptocurrencies can be stored on this resource. All funds are immediately transferred to the client's wallet address.
Coinmama offers a range of major coins 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 to buy coins against fiat currency (dollars and euros).
There are several commissions in the stock market. The first is 5.5% and is already included in the price the investor sees. If you use a credit or debit card, there is also a processing fee. This is 5%. In addition, the card issuing bank may charge fees.
The platform is accessible online (there is currently no mobile application).
Coinmama is not an exchange in the usual sense. Unlike standard cryptocurrency exchanges, here you can only buy currency. The lack of a built-in wallet means that any assets you buy have to be immediately transferred to the address you provide. But on the other hand, this makes the project more secure, as it eliminates the risk of losing your funds if a hacker gets in.
Founded in 2013, the Hitbtc platform today offers state-of-the-art trading resources (with an API that enables trading bots). In addition, it allows you to trade more than 500 digital assets and the world's most traded cryptocurrencies (more than 800 supported pairs).
The platform also offers corporate accounts and various security systems, which guarantee the highest level of protection for your funds.
The site is among the top 30 cryptocurrency exchanges, being very competitive. The project has been able to achieve such results thanks to the provision of a large number of currency pairs and good functionality. The site offers high-quality trading tools that are presented in a convenient format and are suitable for both novice and professional traders.
The HitBTC crypto-exchange is a good way to buy and trade cryptocurrencies.
The Paxful platform allows you to exchange fiat money for digital assets on a peer-to-peer basis and earn money by connecting to an automated payment service and obtaining referrals.
Paxful cryptocurrency exchange was founded in 2014. Currently, the site allows using 400 forms of exchange of digital assets for currencies and works with almost all national currencies.
The platform offers you the possibility to buy or sell the cryptocurrency Bitcoin (BTC). You can withdraw the received funds to a bank account in any country; by bank transfer; by e-currency; by exchange of iTunes, Amazon gift cards; by exchange of many other cryptocurrencies; by payment for in-store purchases (the latter option is still under development).
It currently has almost 5 million users and has developed a Bitcoin vendor program. Paxful offers considerable advantages in such a competitive market and both buyers and sellers can trade on fair terms.
They also offer a mobile application. This is a virtual wallet with an easy-to-use graphical interface that allows you to exchange, receive and send bitcoins.
Define your goals when investing in cryptocurrencies and, depending on the necessary tools and features, choose the right resource for you.
We wish you good luck in the cryptocurrency market.