Best platform to buy cryptocurrencies Kenya 2022
How to choose a practical and high-quality crypto platform? To understand the diversity of the modern crypto services market, we will define the main points that distinguish a high-quality and reliable source:
- 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;
Here is an examination of how the best cryptocurrency exchanges in the world work.
The best exchanges for cryptocurrency
The best trading platform for cryptocurrencies is usually a multi-functional resource, often combining the functions of an exchange, a crypto exchange and a trading platform.
The largest cryptocurrency exchanges offer 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 added convenience is the mobile version of the program, which is mostly on par with and much more practical than the desktop version of the cryptocurrency.
Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the highest standards of computer security to protect their clients' funds.
Customers from around the world are becoming familiar with cryptocurrencies and are beginning to learn about them through 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 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 benefit from one of the most reliable and advanced cryptocurrency platforms in the world!
Binance is the leading exchange for cryptocurrencies in terms of trading volume, and millions of users worldwide trust it!
Binance impresses with low fees and a wide range of products, including spot trading, derivatives of cryptocurrencies, the ability to make money with mining and staking, and to easily and quickly convert fiat currencies 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 offers a fast and secure Trust Wallet mobile app - a wallet that allows you to store and manage cryptocurrencies anywhere.
Binance is really a good choice for beginners and experienced traders.
Kraken, an exchange for cryptocurrencies that has been successfully on the market since 2011, is now one of the most popular platforms for trading coins among English-speaking traders around the world. Kraken is among the top ten similar sources, ranking first in terms of trading volume of the BTC / EUR pair and seventh in terms of daily turnover. The company gained great popularity because it pays great attention to service quality and security issues. This has led to it now enjoying an almost impeccable reputation among users in Europe and America.
Kraken is the first cryptocurrency exchange to display quotes and sales data on the Bloomberg Terminal, and is the first company of its kind to have undergone an audit showing that it has cash reserves. The exchange partners with the first cryptobank, one of the leading platforms on the market, which is constantly evolving and offers a practical and functional service.
In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., recognized coins are also available on the exchange: e.g., Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the website supports fiat currencies (US dollar, yen, Canadian dollar, etc.). Kraken offers up to 5x leverage, low renewal fees, a professional trading interface and advanced API access.
Kraken is a complicated operation, but a simple interface, so even a beginner can navigate through the source. Give it a try and you may find you like it - maybe this is your ideal platform.
The 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 is offered as a web version for a PC and as a mobile application for iOS and Android. There is a one-way recommendation program, there is no investment program. There is no basic exchange verification, only comprehensive KYC verification. There are all the popular options for depositing money, including MC and Visa cards. The method of storing cryptocurrencies is cool and the site uses the latest protocols to protect the user's 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.
Disadvantages include the lack of a portfolio for cryptocurrencies and fiat currencies, and of 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 conjunction with margin trading on BitMEX (leveraged).
BitMEX allows users to trade futures contracts on Bitcoin, BitcoinCash, Cardano, Ethereum, Litecoin, Ripple and EOS. The most liquid instruments are the perpetual contract XBT/USD.
When you trade on BitMEX, you can open positions not only to buy, but also to sell an asset. In other words, it is possible to make money with BitMEX not only in a growing market, but also in a shrinking 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 is located in the user account.
The Bitfinex exchange is the leading cryptocurrency exchange for experienced traders from around the world, and one of the best exchanges in terms of awareness and trading volume. The platform serves almost every country in the world and supports the trading of fiat and digital assets. On the platform, users can trade Bitcoin and other leading 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 application 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: Trading, Margin, OTC, Paper Trading, Derivatives and Margin Protection.
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 unite people and the economy in places where the usual banking system cannot be used to buy cryptocurrencies.
Benefits of the LocalBitcoins cryptocurrency exchange:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Disadvantages and criticisms of the cryptocurrency exchange LocalBitcoins :
- Payment with other cryptocurrencies.
- Lack of official support for mobile devices.
The Poloniex exchange is considered one of the most popular platforms to trade cryptocurrencies.
The platform offers access to a wide range of altcoins. It is one of the largest exchanges in terms of daily trading volume in Bitcoins.
Poloniex was founded in the US in 2014. The company's operations are not controlled by any of the regulatory bodies, like most companies in the cryptocurrency sector.
In March 2014, Poloniex was hit by a major hacker attack. About 12% of Bitcoins held on the exchange were stolen. Afterwards, the company raised fees to compensate for the losses of affected users.
Currently, Poloniex offers the ability to work with more than 120 cryptocurrencies, to use leverage of up to 1:100 and to convert them into fiat currency.
The investment platform offers 2 versions: WebTrader and a mobile application (for iOS and Android operating systems). The graphical user 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 tightened security measures to provide a safer environment.
KuCoin is a Hong Kong-based cryptocurrency exchange that launched in September 2017.
The project team aims to create a trading platform that positively differentiates itself from its competitors by putting the user first. For example, the exchange offers a lucrative bonus program and ongoing operational support.
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) 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. Holders of KCS tokens 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. It is possible to supplement the account balance with debit cards, cryptocurrencies and electronic 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: once the payment is confirmed, the Bitcoins and other cryptocurrencies are automatically sent to the buyers. Bitpanda (formerly known as Coinimal) is a Vienna-based cryptocurrency startup. 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 certain cryptocurrencies). It 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 out there.
Bitpanda also has its own currency - BEST - which can be used to pay exchange fees. Best adopters enjoy several benefits, the most notable being a 20% discount on premiums and exchange fees.
It has 1.2 million users and a daily trading volume of $12 million.
Bitpanda uses cold storage. The funds are stored offline in AML5-compatible wallets. Because they are not connected to the Internet, the funds remain safe from hackers.
The company's servers are protected against DDoS attacks - the chances of the website crashing are extremely 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 using this popular resource - registration 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 worldwide. In the course of its activity, the exchange has proven its convenience and customer orientation towards its users.
It is not possible to store cryptocurrencies on this source. All funds are immediately sent to the address of the client's portfolio.
Coinmama offers you a range of major tradable 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 the opportunity to buy coins against 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 an administration fee. It comes to 5%. In addition, the bank issuing the card may charge a fee.
The platform is accessible online (currently there is no mobile application).
Coinmama is not an exchange in the usual sense of the word. Unlike the usual crypto exchanges, you can only buy currency here. The lack of an integrated portfolio means that all the assets you buy must be immediately transferred to the address you provide. On the other hand, it is also more secure, as the risk of losing money to hackers is no longer present.
The Hitbtc platform was founded in 2013 and currently offers a means to trade with cutting-edge technology (with an API to enable trading robots). You can also trade in 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 that ensure the highest protection of your money.
The website is among the top 30 exchanges for cryptocurrencies, which makes it quite competitive. The project was able to achieve these results because it offers a large number of currency pairs and good features. The service offers high-quality trading tools presented in a convenient format, 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 make money by connecting an automated payment service and attracting referrals.
The Paxful cryptocurrency exchange was founded in 2014. Today the site offers you 400 ways to exchange digital assets for fiat, and works with almost all national currencies.
The platform offers the opportunity to buy or sell the cryptocurrency Bitcoin (BTC). You can withdraw the received money to a bank account in any country; via cash transfer; via electronic money; via redeem for iTunes, Amazon gift cards; redeem for many other cryptocurrencies; pay for purchases in stores (the last option is still under development).
It now has nearly 5 million users and has developed a program that caters to Bitcoin sellers. Paxful offers significant advantages in such a competitive market, and both buyers and sellers can trade on fair terms.
They also offer a mobile app, a virtual wallet with a user-friendly graphical interface that allows you to trade, 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 great success in the cryptocurrency market!