Best platforms to buy cryptocurrencies 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 crypto 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;
  • safety.

Next, we'll look at how the best cryptocurrency exchanges in the world work.

The best cryptocurrency exchanges

The best cryptocurrency platform is usually an all-in-one resource that often combines the functions of an exchange, a cryptocurrency wallet, and a trading platform.

The major 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.

Another convenience is the mobile version of the program, which is generally not inferior to the functionality of the desktop version of the cryptocurrency exchange and is much more convenient than the desktop version.

Reliability is the most important characteristic of a crypto exchange. Modern platforms use the best computer security standards to protect their customers' funds.

Carefully check the functionality, features, and terms of use of a cryptocurrency exchange before you start trading.

Coinbase

Customers around the world are becoming familiar with cryptocurrencies and, thanks to Coinbase, are beginning to dominate the field.

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 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 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 reliable and advanced cryptocurrency platforms in the world.

Binance

Binance is the leading cryptocurrency exchange by trading volume, trusted by millions of users worldwide.

Binance impresses with low fees and a wide range of products, including spot trading, crypto derivatives, the ability to make money from mining and staking, and to easily and quickly convert fiat currencies into cryptocurrencies and vice versa.

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 advantages, Binance offers a fast and secure mobile app, Trust Wallet, a wallet that allows you to store and manage cryptocurrencies wherever you are.

Binance is a very good option for both novice and experienced traders.

Kraken

Kraken, a cryptocurrency exchange that has been successfully operating on the market since 2011, is now one of the most popular cryptocurrency trading platforms among English-speaking traders worldwide. Kraken is among the top ten comparable resources, ranking first in terms of trading volume for the BTC / EUR pair and seventh in terms of daily trading volume. The company has gained great popularity because it pays great attention to service quality and security issues. As a result, it now enjoys an almost impeccable reputation among users in Europe and America.

Kraken is the first cryptocurrency exchange to display prices and sales data on Bloomberg's terminal, and is the first company of its kind to undergo an audit to prove its 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 the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., recognized currencies are also available on the exchange: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the website supports fiat money (US dollar, Yen, Canadian dollar, etc.). Kraken offers up to 5x leverage, low rollover fees, a professional trading interface and advanced API access.

Kraken is a complex operation, but a simple interface, so even a beginner can navigate the resource. Try it out and enjoy the platform - it can be your ideal platform.

Bittrex

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. Cryptocurrencies are displayed in euros and US dollars. 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 verification on the exchange, only enhanced KYC-type verification. There are all the major options for depositing funds, including MC and Visa cards. The cryptocurrency storage method is cool, and the site uses the latest protocols to protect user data. 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.

The disadvantages include the lack of a cryptocurrency and a fiat currency wallet, as well as demo accounts and training programs.

Bitmex

Currently, 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 (leveraged).

BitMEX offers users the opportunity to trade futures contracts on Bitcoin, BitcoinCash, Cardano, Ethereum, Litecoin, Ripple, and EOS. The most liquid instruments are XBT/USD contracts with unlimited expiration.

When trading on BitMEX, you can not only open positions to buy an asset, but also to sell it. This means that you can make money with BitMEX 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) function that allows you to automate work on the platform. You can find this function in your user account.

Bitfinex

The 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 and digital assets. On the platform, users can exchange Bitcoin and other major cryptocurrencies for USD and BTC. Cross exchange rates 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 main types of trading on the cryptocurrency exchange: exchange, margin, OTC, paper trading, derivatives, and margin collateral.

Localbitcoins

LocalBitcoins is a popular cryptocurrency exchange that offers the opportunity to withdraw money quickly and exchange coins for fiat currencies for profit.

Local Bitcoins was founded in Finland in 2012. The project aims to bring together people and businesses in places where the usual banking system cannot be used to buy cryptocurrencies.

Advantages of the LocalBitcoins cryptocurrency exchange:

  • Cash trading.
  • Support for many payment methods.
  • Trading volume.
  • Referral program.
  • Bitcoin wallet with free use.

Disadvantages and ratings of LocalBitcoins crypto-exchange:

  • Payment with other cryptocurrencies.
  • Lack of official support for mobile devices. 

Poloniex

The Poloniex exchange is considered one of the most popular platforms for trading cryptocurrencies.

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 activities are not controlled by any regulatory authority, like most cryptocurrency companies.

In March 2014, Poloniex was the victim of a major hacker attack. About 12% of the Bitcoins held on the exchange were stolen. As a result, the company raised fees to compensate affected users for their losses.

Currently, Poloniex offers the possibility to work with more than 120 cryptocurrencies, use leverage up to 1:100 and convert into 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 through an interface, a great option that not all exchanges offer. They have also strengthened security measures to create a safer environment.

Kucoin

KuCoin is a Hong Kong-based cryptocurrency exchange founded in September 2017.

The project team strives to create a trading platform that positively differentiates itself from the competition through its user focus. For example, the exchange offers a lucrative bonus program as well as round-the-clock operational support.

It often adds coins even before they appear on competing platforms. On the website you will find a list of cryptocurrencies that are preparing to be listed in the near future.

KuCoin (KCS) shares allow trading on more favorable terms. A similar system is used in Binance's cryptocurrency exchange. 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 analytics, charts and indicators. You can replenish your account balance with debit cards, cryptocurrencies, and e-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

Bitpanda is an Austrian cryptocurrency exchange that specializes in buying and selling Bitcoins and other cryptocurrencies. Bitpanda.com is a fully automated platform: once 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 to buy Dash, Litecoin, Bitcoin, Bitcoin Cash, and Ethereum.

Bitpanda is available in over 54 countries and offers a wide range of payment options (although fees may apply when depositing some cryptocurrencies). In addition, Bitpanda offers customer support through all major social networks, email, and phone.

You can buy over 50 different cryptoassets on the exchange, including Ethereum and Ripple. It accepts several fiat currencies, including the Swiss franc and Turkish lira, making it one of the most versatile exchanges on the market.

Bitpanda also has its own currency - BEST - which you can use to pay fees on the exchange. Best Adopters receive several benefits, the most notable of which is a 20% discount on premiums and trading 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 website going down is extremely low. In addition, all communication from you to the site is encrypted using Secure Socket Layer technology.

Bitpanda's interface makes it extremely easy to buy and sell cryptocurrencies. Try using this popular feature: registration takes no more than two minutes.

Coinmama

Coinmama started its operations 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 its convenience and customer orientation for its users.

It is not possible to store cryptocurrencies on this feature. All funds are sent immediately to the customer's wallet address.

Coinmama offers you a range of major tradable 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).

The exchange offers to buy currencies 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 that the investor sees. If you use a credit or debit card, there are also processing fees. It is 5%. The card-issuing bank may also charge fees.

Access to the platform is online (currently there is no mobile application).

Coinmama is not an exchange in the usual sense of the word. Unlike regular cryptocurrency exchanges, you can only buy coins here. The lack of an integrated wallet means that any assets you buy must be transferred immediately to the address you provide. On the other hand, this makes it more secure, as this fact eliminates the risk of losing money in the event of a hacker intrusion.

Hitbtc

Founded in 2013, the Hitbtc platform currently offers a state-of-the-art trading feature (with an API that allows trading bots). It also allows you to trade over 500 digital assets and the world's most traded cryptocurrencies (over 800 supported pairs).

This platform also offers corporate accounts and various security systems that ensure the highest level of protection for your funds.

The site is among the top 30 cryptocurrency exchanges and thus remains very competitive. The project managed to achieve these results thanks to the provision of 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 buy and trade cryptocurrencies.

Paxful

On the Paxful platform, you can exchange fiat money for digital assets in peer-to-peer mode and earn money by connecting an automated payment service and collecting referrals.

Paxful Cryptocurrency Exchange was founded in 2014. Currently, you can use 400 ways to exchange digital assets for fiat currencies on the website, and it 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; transfer money; electronic money; exchange them for iTunes, Amazon gift cards; exchange them for many other cryptocurrencies; pay for in-store purchases (this last option is still under development).

It now has almost 5 million users and has developed a program aimed at Bitcoin sellers. Paxful offers significant advantages in such a competitive market, and both buyers and sellers can negotiate on fair terms.

They also offer a mobile application, a virtual wallet with an easy-to-use graphical user interface that allows you to exchange, receive, and send bitcoins.

Define your goals when investing in cryptocurrencies and choose the right resource for you based on the tools and features you need.

We wish you good luck in the cryptocurrency market.

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