Bitcoin trading 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 determine the key points that distinguish a reliable and high-quality 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;
  • safety.

Here's how the world's best cryptocurrency exchanges 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 wallet, and a trading platform.

The major 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 is generally not inferior to the functionality of the desktop version of crypto-exchange, and is much more convenient.

Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the best computer security standards to protect their clients' funds.

Please carefully review the functionality, features, and terms of use of a crypto exchange before starting any transaction.

Coinbase

Customers around the world are becoming familiar with cryptocurrency and are beginning to master it thanks to 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? 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 powerful 24-hour 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 pleases with low rates and a wide range of offerings, including spot trading, crypto derivatives, the ability to make money from mining and gambling, 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 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 the novice and the experienced trader.

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 around the world. Kraken is one of the top ten similar sources, ranking 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 because it pays great attention to service quality 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 price and sales data on Bloomberg's terminal, and is the first company of its kind to undergo an audit to prove it has cash reserves. The exchange is a partner of the first cryptocurrency bank, one of the leading platforms in the market, which is constantly evolving, providing a convenient and functional service.

In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., coins that have gained recognition on the exchange are also available: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the site 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 it has a simple interface, so that even a beginner can navigate it. Try it out and you can benefit from 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. Fiat are represented by euros and US dollars. The trading terminal takes the form of a PC web version and a mobile app for iOS and Android. There is a single level referral program, no investment programs. There is no basic exchange verification, only a comprehensive KYC-type verification. There are all the major options for depositing money, including MC and Visa cards. The cryptocurrency storage method is cool, the site uses the latest protocols to protect user 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.

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 (with leverage).

BitMEX allows users 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, there is an opportunity to make money with BitMEX, not only in a growing market, but also in a falling one.

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.

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 both fiat and digital asset transactions. On the platform, users can exchange Bitcoin and other major cryptocurrencies for USD and BTC. Cross loading is 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 has a 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 ability to quickly withdraw money and profitably exchange coins into fiat currencies.

Local Bitcoins was founded in Finland in 2012. 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 the LocalBitcoins cryptocurrency exchange:

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

Disadvantages and reviews 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 gives access to a wide variety of altcoins. It is one of the largest exchanges in terms of daily volume of bitcoin traded.

Poloniex was founded in the United States in 2014. The company's activities are not controlled by any regulator, like most companies in the crypto space.

In March 2014, Poloniex suffered a major hacking attack. About 12% of the exchange's bitcoins were stolen. Subsequently, the company raised fees to compensate affected users for their losses.

Currently, Poloniex offers the possibility to work with more than 120 cryptocurrencies, with a leverage of up to 1:100, and convert them 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 through social media and an interface, a great option that not all exchanges offer. In addition, they have beefed up security to provide a safer environment.

Kucoin

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

The project team aims to create a trading platform that compares with its competitors by focusing on the user. For example, the exchange offers a lucrative bonus program and 24-hour trading support.

It often adds coins before they appear on competing platforms. The site offers 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 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 fee income, fee reductions, and access to other special services.

The platform features basic analysis, charts, and indicators. You can top up the 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 site 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, with a wide range of payment options (although fees may be charged when depositing some cryptocurrencies). In addition, it offers customer support through major social media, email, and phone calls.

On the exchange, you can buy over 50 different cryptoassets, 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 its own currency - BEST - which can be used to pay fees on the exchange. "Best adopters" receive various benefits, the most notable of which is a 20% discount on premiums and trading fees.

It has 1.2 million users and has 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 the reach of hackers.

The company's servers are protected against DDoS attacks, so the risk of the website going down is extremely low. In addition, all your communication with the website is encrypted using Secure Socket Layer technology.

Bitpanda's interface makes buying and selling crypto extremely easy. Try using this popular feature: registration will not take more than two minutes.

Coinmama

Coinmama started operating 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 demonstrated to its users its convenience and customer orientation.

It is impossible to store cryptocurrencies at this source. All funds are immediately sent 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 the opportunity to buy coins for fiat currencies (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. If you use a credit or debit card, you will also be charged a processing fee. This is 5%. The card-issuing bank may also charge fees.

The platform is accessible online (there is no mobile application at the moment).

Coinmama is not an exchange in the usual sense of the word. Unlike the standard cryptocurrency exchange, here you can only buy coins. The lack of an integrated wallet means that all funds you buy must be transferred immediately to the address you have provided. But on the other hand this makes the project more secure, as this eliminates the risk of you losing money in case a hacker breaks into the system.

Hitbtc

The Hitbtc platform, founded in 2013, currently offers a high-tech exchange feed (with an API to enable trading robots). 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 company accounts and various security systems so that your money is optimally protected.

The site is among the top 30 cryptocurrency exchanges, so it remains quite competitive. The company has managed to achieve these results thanks to the offer of a large number of currency pairs and good functionality. The service offers high-quality trading tools, which are presented in a convenient format and are suitable for both novice and professional traders.

The HitBTC cryptocurrency exchange is a good way to buy and trade cryptocurrencies.

Paxful

The Paxful platform allows you to exchange fiat money for digital assets in Peer-to-Peer mode and earn money by connecting to an automated payment service and attracting referrals.

Paxful Cryptocurrency Exchange was founded in 2014. Today digital assets can be exchanged for fiat money on the site in 400 ways, and it works with almost all national currencies.

The platform offers the possibility to buy or sell the cryptocurrency Bitcoin (BTC). You can withdraw money to a bank account in any country; transfer cash; electronic money; exchange for iTunes, Amazon gift cards; exchange 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 suppliers. Paxful offers significant advantages in such a competitive market, and both buyers and sellers can negotiate fair terms.

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

Determine your goals when investing in cryptocurrencies and, depending on the tools and features required, choose the source that best suits you.

We wish you good luck in the cryptocurrency market.

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