Best platform to buy bitcoin Kenya 2022
How to choose a convenient and quality crypto platform? To understand all the variety that the current cryptocurrency services market offers, 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;
Next, we look at how the world's best cryptocurrency exchanges work.
The best exchanges for cryptocurrency
The best cryptocurrency exchange platform is usually an all-in-one source, often combining the functions of an exchanger, cryptocurrency wallet and trading platform.
Large cryptocurrency exchanges offer customers a huge selection of cryptocurrencies, low transaction fees and no deposit fees, low deposit and withdrawal limits, and convenient settlement options.
An added convenience is the mobile version of the software, which is usually as functional as the desktop version of the crypto exchange, and much more convenient than the desktop version.
Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the best computer security standards to protect their customers' money.
Customers around the world are becoming familiar with cryptocurrency and beginning to dominate the field, thanks to Coinbase.
Some 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 cryptocurrency.
What does the platform offer? By becoming a Coinbase user, you will 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 strong 24/7 technical support. A mobile version of the software has been developed.
Visit Coinbase and enjoy the benefits of one of the world's most trusted and advanced crypto platforms!
Binance is the leading cryptocurrency exchange by trading volume, trusted by millions of users worldwide!
Binance pleases with low fees and a wide range of offerings, including spot trading, crypto-derivatives, the ability to earn from mining and staking, and the ability to quickly and easily convert fiat currency into 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 also offers a fast and secure mobile wallet - a wallet that allows you to store and manage cryptocurrencies wherever you are.
Binance is really a good choice for both the novice and the experienced trader.
Kraken, a cryptocurrency exchange that has been successfully operating in 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 such sources, ranking first in terms of BTC/EUR trading volume and seventh in terms of daily turnover. The company has gained a lot of popularity because of its focus on quality of service and security issues. As a result, today it has an almost impeccable reputation among users from Europe and America.
Kraken is the first cryptocurrency exchange to display quotes and sales data on the Bloomberg terminal, and the first such company to pass the cash reserve test. The exchange is a partner of the first cryptocurrency bank, one of the leading platforms on the market, which is constantly evolving to provide a convenient and functional service.
In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., they are also available on the exchange. The coins that have gained fame are also available on the exchange: e.g. Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the site has support for fiat money (US dollar, yen, Canadian dollar, etc.). Kraken offers up to 5x leverage, low position transfer fees, professional trading interface, advanced API access.
Kraken is a sophisticated operation, but with a simple interface, so even a beginner will be able to navigate through the resource. Give it a try and you may find it a fun platform - perhaps it is your ideal platform.
Bittrex is a platform for buying and selling cryptocurrency and tokens, with its own trading terminal and support for third-party terminals. The exchange trades Bitcoin, Ethereum, Tether, Cardano, XRP and other cryptocurrencies. Fiat is available in euros and US dollars. The trading terminal comes in the form of a web version for PCs and a mobile app for iOS and Android. There is a one-tier referral program, no investment programs. There is no basic exchange verification, only advanced KYC-type verification. There are all basic deposit options, including MC and Visa cards. The method of storing cryptocurrency is cool, and 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.
Disadvantages include the lack of cryptocurrencies and fiat currencies, and demo accounts and training programs.
Bitmex is currently one of the market leaders in terms of trading volume. The platform allows you to buy and sell virtual asset contracts in conjunction with margin trading on BitMEX (leveraged).
BitMEX allows users to trade futures contracts for Bitcoin, BitcoinCash, Cardano, Ethereum, Litecoin, Ripple and EOS. The most liquid instruments are the perpetual XBT / USD contracts.
When you trade on BitMEX, you can open positions not only to buy, but also to sell the asset. In other words, on BitMEX you can 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 can be used to automate work on the platform. It can be found in the user account.
Bitfinex is the leading cryptocurrency exchange for sophisticated 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. Users can exchange Bitcoin and other leading cryptocurrencies for USD and BTC on the platform. 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; leverage is up to 1:10 (up to 1: 100 for derivatives).
There are six main types of trading in crypto exchanges: exchange trading, margin trading, OTC trading, paper trading, derivatives and margin securities.
LocalBitcoins is a popular cryptocurrency exchange that offers quick withdrawals and profitable exchanges of coins against fiat currencies.
Local Bitcoins was founded in Finland in 2012. The project aims to connect people and economies in places where the conventional banking system cannot be used to buy cryptocurrency.
The benefits of cryptocurrency exchange LocalBitcoins:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Cons and reviews of cryptocurrency exchange LocalBitcoins:
- Payment with other cryptocurrencies.
- Lack of official support for mobile devices.
Poloniex is considered one of the most popular platforms for trading cryptocurrency.
The platform offers access to a wide range of altcoins. It is one of the largest exchanges in terms of daily trading volume.
Poloniex was founded in 2014 in the US. The company is not controlled by regulatory bodies, like most companies in the crypto space.
In March 2014, Poloniex was hit by a major hacking attack. About 12% of the bitcoins stored on the exchange were stolen. The company then raised fees to compensate affected users for their losses.
Poloniex currently offers the ability 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 app (for iOS and Android operating systems), with a graphical interface that allows you to use tools and indicators for a better experience.
Poloniex also offers technical support through social media and through the interface, a great feature that not all exchanges offer. In addition, they have beefed up security to provide a more secure environment.
KuCoin is a Hong Kong-based cryptocurrency exchange that launched in September 2017.
The project team aims to create a trading platform that compares favorably with competitors by being user-centric. For example, the exchange offers a lucrative bonus program, and 24/7 operational support.
It often adds coins before they even appear on competing platforms. The website provides a list of cryptocurrencies that are preparing to be listed in the near future.
KuCoin Shares (KCS) allows trading on better 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, lower transaction fees and access to other special services.
The platform has basic analytics, charts and indicators. Deposits can be made with debit cards, cryptocurrencies and e-wallets. These methods are also available for withdrawals. In addition to the affiliate program (payouts for referrals), the site offers unique contests with cash prizes.
Bitpanda is an Austrian cryptocurrency exchange that specializes in selling and buying bitcoins and other cryptocurrencies. Bitpanda.com is a fully automated platform: once a 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 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 be charged when depositing some cryptocurrencies). The company also offers customer support via major social media, email and phone calls.
On the exchange, you can buy more than 50 different crypto assets, including Ethereum and Ripple. It accepts a variety of fiat currencies, including Swiss francs and Turkish lira, making it one of the most diverse exchanges.
Bitpanda also has its own currency - BEST - which can be used to pay exchange fees. Top followers receive several benefits, the most notable of which is a 20% discount on insurance premiums and trading fees.
It has 1.2 million users and daily revenue of $12 million.
Bitpanda uses cold storage. The funds are stored offline in AML5-compliant wallets. Because they are not connected to the Internet, the funds remain safe from access by hackers.
The company's servers are protected against DDoS attacks - the chances of a website going down are very low. In addition, all your communications with the website are encrypted with Secure Socket Layer technology.
Bitpanda's interface makes buying and selling cryptocurrencies extremely easy. Try this popular feature - registering takes no more than two minutes.
Coinmama began operations in 2013. It is registered in Slovakia, but owned by New Bit Ventures, which is based in Israel. At the same time, the exchange itself operates all over the world. During its operation, the exchange has proven to be user-friendly and customer-oriented.
Cryptocurrency cannot be stored in it. All funds are immediately sent to the customer's portfolio address.
Coinmama offers you the opportunity to buy and/or sell a number of major traded currencies, 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 purchase of fiat currencies (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. It is 5%. In addition, the bank issuing the card may charge a fee.
The platform is accessible online (it does not currently have a mobile app).
Coinmama is not an exchange in the usual sense of the word. Unlike regular cryptocurrency exchanges, you can only buy currency here. The lack of a built-in wallet means that all the items you buy must be immediately transferred to the address you provide. But on the other hand, it makes the project more secure, because this fact eliminates the risk of losing funds in case of a break-in by a hacker.
The Hitbtc platform, founded in 2013, now provides a source for exchanging cutting-edge technology (with an API to power trading robots). It also lets you trade over 500 digital assets and the world's highest-rated cryptocurrencies (over 800 compatible pairs).
The platform also offers corporate accounts, as well as various security systems to ensure the highest level of protection for your funds.
It is one of the top 30 cryptocurrency exchanges and remains quite competitive. The project has achieved these results by offering a large number of currency pairs and good functionality. The service offers high quality trading tools, presented in a user-friendly format and suitable for both beginners and professional traders.
The HitBTC cryptocurrency exchange is a great 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 referrals.
The cryptocurrency exchange paxful was founded in 2014. Today, the site allows you to exchange digital assets for fiat in 400 ways, and works with almost all national currencies.
The platform offers the ability to buy or sell Bitcoin cryptocurrency (BTC). You can withdraw the received money to a bank account in any country; via money transfer; electronic money; via redeem for iTunes, Amazon gift cards; redeem for many other cryptocurrencies; pay for purchases in stores (this last option is still under development).
It now has nearly 5 million users and has developed a program that targets bitcoin vendors. Paxful offers significant advantages in such a competitive market, and both buyers and sellers can negotiate fair terms.
They also offer a mobile app, a virtual wallet with a user-friendly graphical interface that allows you to exchange, receive and send bitcoins.
Determine your goals when investing in cryptocurrency, and based on the tools and features you need, choose the right source for you.
We wish you great success in the cryptocurrency market!