Best cryptocurrency exchanges Kenya 2022
How to choose a convenient and quality crypto platform? To understand all the diversity offered by the modern cryptographic services market, let's 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 look at how the best cryptocurrency exchanges in the world work.
The best cryptocurrency exchanges
The best cryptocurrency exchange platform is usually an all-in-one resource, often combining the functions of an exchanger, a cryptocurrency exchange, and a trading platform.
The largest cryptocurrency exchanges offer 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, as a rule, is not inferior to the functionality of the desktop version of cryptocurrency, and is much more convenient than it.
Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the best computer security standards to protect their clients' funds.
Customers around the world are learning about cryptocurrencies and are beginning to dominate the field thanks to Coinbase.
Approximately 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? By becoming a Coinbase user, you will enjoy 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 in terms of trading volume, and is trusted by millions of users worldwide!
Binance appeals for its low fees and wide range of products, including spot trading, cryptocurrency derivatives, the ability to make money in mining and staking, and to easily and quickly convert fiat currencies into cryptocurrencies and vice versa.
The Binance is:
- 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 application of the fiduciary 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 worldwide. Kraken is among the top ten similar resources, 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 due to the fact that it pays great attention to service quality and security issues. As a result, the company now has an almost impeccable reputation among users from Europe and America.
Kraken is the first cryptocurrency exchange to publish quotes and sales data on Bloomberg's terminal, and is the first company of its kind to undergo an audit that proves it has cash reserves. The exchange partners with the first cryptocurrency bank, one of the leading platforms in the market, which is constantly evolving and providing a convenient and functional service.
In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., coins that have been recognized are also available on the exchange: 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 renewal fees, professional trading interface, advanced API access.
Kraken is a complex operation, but a simple interface, so that even a novice can navigate the resource. Give it a try and you may enjoy the platform - perhaps it is 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 the exchange. Fiat currencies are represented by euros and US dollars. The trading terminal comes in a web version for a PC and a mobile app for iOS and Android. There is a one-level referral program, there is no investment program. There is no basic verification on the exchange, only extensive KYC verification. There are all the major options for depositing funds, including MC and Visa cards. The method of storing cryptocurrencies is cold, the site uses the latest protocols to protect user data. The advantages 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.
The disadvantages include the lack of a cryptocurrency and fiat currency portfolio, as well as demo accounts and training programs.
Currently, the cryptocurrency 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 gives users the opportunity 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 an asset. In other words, you can make money with BitMEX not only in a growing market, but also in a declining market.
The maximum leverage for bitcoin is 100x, for other digital currencies it is lower.
BitMEX also has an API (application programming interface) function that can be used to automate work on the platform. This can be found in the user account.
The Bitfinex exchange is the leading cryptocurrency exchange for experienced traders worldwide and one of the best exchanges in terms of recognition 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 major cryptocurrencies for USD 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 has leverage of up to 1:10 (up to 1:100 for derivatives).
There are six main types of trading on the cryptocurrency exchange: exchange, margin, OTC, paper trading, derivatives, and margin collateral.
LocalBitcoins is a popular cryptocurrency exchange that offers the ability to quickly withdraw money and profitably exchange coins for fiat currency.
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.
Benefits of LocalBitcoins cryptocurrency exchange:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Disadvantages and criticisms of the LocalBitcoins cryptocurrency exchange :
- Payment with other cryptocurrencies.
- Lack of official support for mobile devices.
The Poloniex exchange is considered one of the most popular platforms for trading cryptocurrencies.
The platform gives access to a wide variety 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 activities are not monitored by any regulators, like most companies in the cryptocurrency space.
In March 2014, Poloniex suffered a major hacker attack. About 12% of the bitcoins held on the exchange were stolen. After that, the company raised fees in order to be able to compensate affected users for their losses.
Currently, Poloniex offers the possibility to work with over 120 cryptocurrencies, leverage up to 1:100, and convert to fiat currency.
The investment 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 through social media and an interface, an interesting option that not all exchanges offer. In addition, they have increased security to provide a more secure environment.
KuCoin is a Hong Kong-based cryptocurrency exchange launched in September 2017.
The project team strives to create a trading platform that stands out favorably from its competitors by focusing on the user. For example, the exchange offers a lucrative bonus program, as well as operational and ongoing support.
It often adds coins before they even appear on competing platforms. On the site, you will find a list of cryptocurrencies that are getting ready to be listed in the near future.
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 fees, and access to other special services.
The platform has basic analysis, charts, indicators. You can replenish your account balance from debit cards, cryptocurrencies, and e-wallets. These methods are also available for withdrawal. 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 the sale and purchase of bitcoins and other cryptocurrencies. Bitpanda.com is a fully automated platform: as soon as the payment is confirmed, the bitcoins and other cryptocurrencies are automatically sent to the buyers. Bitpanda (formerly known as Coinimal) is a cryptocurrency company based in Vienna. So far, the company has offered purchases of 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). In addition, it offers customer support via major social media, email, and phone calls.
The exchange allows you to buy over 50 different cryptoassets, including Ethereum and Ripple. It accepts several fiat currencies, including the Swiss franc and Turkish lira, making it one of the most diverse exchanges around.
Bitpanda also has a native currency - BEST - which can be used to pay fees on the exchange. The biggest adopters receive several benefits, the most notable of which is a 20% discount on premiums and exchange fees.
It has 1.2 million users and 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 probability of a site crash is extremely low. In addition, all your communications with the site are encrypted using Secure Socket Layer technology.
Bitpanda's interface makes it extremely easy to buy and sell cryptocurrencies. Try using this popular feature - registration will not take more than two minutes.
Coinmama started its activities in 2013. It is registered in Slovakia, but is owned by New Bit Ventures, which is based in Israel. At the same time, the exchange itself operates worldwide. During its operation, the exchange has proven to its users its convenience and its customer focus.
It is not possible to store cryptocurrencies on this feature. All funds are immediately sent to the customer's wallet address.
Coinmama offers you a range of major 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).
Foreign exchange offers the purchase of currencies against fiat currency (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. When you use a credit or debit card, there is also a processing fee. This is 5%. In addition, commissions can be charged by the card-issuing bank.
The platform is accessible online (it does not have a mobile app at the moment).
Coinmama is not an exchange in the usual sense. Unlike normal crypto exchanges, you can only buy coins. The lack of a built-in wallet means that all the goods you have purchased have to be transferred immediately to the address you have provided. But on the other hand, it makes the project more secure, since this fact eliminates the risk of funds being lost in the event of a hacker intrusion.
Founded in 2013, the Hitbtc platform currently offers a resource for cutting-edge technology exchange (with an API to enable trading bots). In addition, it allows you to trade over 500 digital assets and the world's most traded cryptocurrencies (over 800 compatible pairs).
The platform also offers corporate accounts and various security systems, ensuring the highest level of protection for your funds.
The site is in the top 30 cryptocurrency exchanges, thus remaining quite competitive. The project managed to achieve such results thanks to the provision of a large number of currency pairs and good features. The service 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 in Peer-to-Peer mode and earn money by connecting an automated payment service and attracting referrals.
Paxful was founded in 2014. Today, the site allows you to use 400 ways to exchange digital goods for fiat and works with almost all national currencies.
The platform offers the possibility to buy or sell the cryptocurrency Bitcoin (BTC). You can withdraw the funds received to a bank account in any country; by cash transfer; by electronic currency; by exchange for iTunes, Amazon gift cards; by exchange for many other cryptocurrencies; by payment for in-store purchases (the last option is still under development).
It now has almost 5 million users and has developed a program aimed at bitcoin suppliers. Paxful offers considerable advantages in such a competitive market, and both buyers and sellers can negotiate on fair terms.
They also offer a mobile application, which is a virtual wallet with a user-friendly graphical interface, allowing you to exchange, receive and send bitcoins.
Define your goals when investing in cryptocurrencies, and based on the tools and features you need, choose the right resource for you.
We wish you good luck in the cryptocurrency market!