Cryptocurrency platforms Kenya 2022
          

How to choose a convenient and quality crypto-currency platform? To understand all the variety offered by the current market of crypto-currency services, we will identify the main points that distinguish a 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.

Below we take a look at how the world's best crypto-currency exchanges work.

The best crypto-currency exchanges

The best crypto-currency exchange platform is usually a multi-functional resource, often combining the functions of an exchange, a crypto-currency wallet and a trading platform.

Leading crypto-currency exchanges offer customers a huge selection of crypto-currencies, low buy/sell fees and no deposit fees, low deposit and withdrawal limits and convenient settlement options.

An additional feature is the mobile version of the software, which is basically as functional as the desktop version of the crypto-currency exchange, and far superior in terms of convenience.

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

Please familiarize yourself with the functionality, features and terms of use of the crypto-currency exchange before you start trading.

Coinbase

Customers from all over the world are learning about crypto-currencies and, thanks to Coinbase, beginning to embrace the field.

Some 73 million verified users, 10,000 organizations and 185,000 system partners from over 100 countries trust Coinbase and use our platform to invest, spend, save, earn and use cryptocurrencies easily and securely.

What does the platform offer? By becoming a Coinbase user, you will benefit from the following advantages

  • 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 one of the most reliable and advanced crypto-currency platforms in the world!

Binance

Binance is the leading crypto-currency exchange in terms of trading volume, and is trusted by millions of users worldwide!

Binance boasts low commissions and a wide range of products, including spot trading, crypto-currency derivatives, the ability to make money through mining and betting, and quick and easy conversion from fiat currencies to crypto-currencies 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 benefits, Binance offers a fast and secure Trust Wallet mobile app, a wallet that allows you to store and manage crypto-currencies wherever you are.

Binance is a great choice for beginners and experienced traders.

Kraken

Kraken, a crypto-currency exchange that has been successfully operating in the market since 2011, is now one of the most popular coin exchange platforms among English-speaking traders around the world. Kraken is one of the top ten resources of its kind, ranking first in terms of BTC/EUR exchange volume and seventh in terms of daily turnover. The company has gained popularity due to its emphasis on quality of service and security issues. As a result, it now enjoys an almost impeccable reputation among users in Europe and America.

Kraken is the first crypto-currency exchange to post quotes and sales data on the Bloomberg terminal, and the first company of its kind to be audited for its cash reserves. The exchange has partnered with First Cryptocurrency Bank, one of the leading platforms in the market, which is constantly evolving to provide a convenient and functional service.

In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple etc., the exchange also offers the coins that have gained recognition: 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 position transfer fees, professional trading interface, advanced API access.

Kraken is a sophisticated operation, but a simple interface, so even a beginner will be able to navigate the resources. Try using this platform - it could be your ideal platform.

Bittrex

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 crypto-currencies are traded on the exchange. Fiat is available in euros and US dollars. The trading terminal comes in the form of a web version for PC and a mobile app for iOS and Android. There is a single level reference program, no investment program. There is no basic stock market verification, only an advanced type of KYC. There are all basic deposit options, including MC and Visa cards. The method of storing crypto-currencies is cold, and 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.

Disadvantages include the lack of wallets for crypto and fiat currency, as well as demo accounts and training programs.

Bitmex

The crypto-currency exchange 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 combination with margin trading on BitMEX (leveraged trading).

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 contracts.

When you trade on BitMEX, you can open positions not only to buy but also to sell assets. This means that you can make money on BitMEX not only in a rising market but also in a falling market.

The maximum leverage for bitcoin is 100x, for other digital coins it is lower.

BitMEX also has an API (application programming interface) that can be used to automate work on the platform. It can be found in your user account.

Bitfinex

Bitfinex is the leading crypto-currency 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 currency and digital assets. Users can exchange bitcoin and other major crypto-currencies for U.S. dollars and BTC on the platform. There are also cross-quotes, where one altcoin can be exchanged for another. The company has its own trading terminal with a mobile app for margin trading; leverage up to 1:10 (up to 1:100 for derivatives).

There are six main types of crypto-currency trading: exchange trading, margin trading, over-the-counter trading, paper trading, derivatives and margin hedging.

Localbitcoins

LocalBitcoins is a popular crypto-currency exchange that allows you to withdraw money quickly and exchange coins for fiat currency at a profit.

Local Bitcoins was founded in 2012 in Finland. The project aims to connect people and economies in places where the conventional banking system cannot be used to buy crypto-currencies.

Benefits of LocalBitcoins crypto-currency exchange:

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

Cons and Criticisms of CryptoCurrency Exchange LocalBitcoins:

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

Poloniex

Poloniex is considered one of the most popular crypto-currency trading platforms.

The platform provides 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 2014 in the United States. The company is not controlled by any regulator, like most companies in the crypto-currency space.

In March 2014, Poloniex suffered a major hacking attack. Approximately 12% of the bitcoins stored on the exchange were stolen. After the incident, the company increased fees to be able to compensate affected users.

Poloniex currently offers the ability to work with over 120 cryptocurrencies, leverage of up to 1:100 and conversion 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 via social media and interface, which is a great option that not all exchanges offer. In addition, they have enhanced security to provide a more secure environment.

Kucoin

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

The project team aims to create a trading platform that distinguishes itself from the competition by its user orientation. For example, the exchange offers a lucrative bonus program, as well as fast and permanent support.

It often adds coins before they even appear on competing platforms. On the website, you can find a list of crypto-currencies that are preparing to launch on the exchange in the near future.

KuCoin Shares (KCS) tokens allow trading on better terms. A similar system is used on the crypto-currency exchange Binance. KCS tokens are a decentralized crypto-currency 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. Deposits can be made from debit cards, crypto-currencies and e-wallets. These methods are also available for withdrawals. In addition to the affiliate program (payment for referrals), the site offers unique contests with cash prizes.

Bitpanda

Bitpanda is an Austrian crypto-currency exchange specializing in the sale and purchase of bitcoin and other crypto-currencies. Bitpanda.com is a fully automated platform: as soon as a payment is confirmed, bitcoins and other crypto-currencies are automatically sent to the buyers. Bitpanda (formerly known as Coinimal) is a crypto-currency startup based in Vienna. To date, the company has offered to buy 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). It also offers customer support via major social media, email and phone calls.

This exchange allows you to buy over 50 different crypto-currencies, including Ethereum and Ripple. It accepts several fiat currencies, including the Swiss franc and Turkish lira, making it one of the most diverse exchanges.

Bitpanda also has a native currency - BEST - that can be used to pay for trading fees. BEST has several benefits, the most notable of which is a 20% discount on trading premiums and commissions.

It has 1.2 million users and a daily trading volume of $12 million.

Bitpanda uses cold storage. 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 - there is very little chance of your site going down. In addition, all your communications with the site are encrypted using Secure Socket Layer technology.

Bitpanda's interface makes buying and selling crypto-currencies incredibly easy. Try this popular resource - it takes no more than two minutes to sign up.

Coinmama

Coinmama began 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 to be user-friendly and customer-oriented for its users.

Crypto-currencies cannot be stored on this resource. All funds are immediately transferred to the client's wallet address.

Coinmama offers a number of great 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 to buy coins against fiat currency (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. When you use a credit or debit card, there is also a processing fee. This is 5%. In addition, there may be a fee charged by the bank that issued the card.

The platform is accessible online (it does not currently have a mobile application).

Coinmama is not an exchange in the usual sense. Unlike standard crypto-currency exchanges, you can only buy currency here. The lack of a built-in wallet means that any assets you buy must be immediately transferred to the address you specify. But on the other hand, this makes it more secure, as this fact eliminates the risk of losing your funds in case of a hacker intrusion.

Hitbtc

Founded in 2013, the Hitbtc platform today offers state-of-the-art trading resources (with an API that allows the use of trading bots). It also allows you to trade over 500 digital assets and the world's most traded crypto-currencies (over 800 compatible pairs).

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

It is among the top 30 crypto-currency exchanges and remains quite competitive. It has been able to achieve these results by providing a large number of currency pairs and good functionality. The site provides high-quality trading tools, which are presented in a user-friendly format and are suitable for both novice and professional traders.

HitBTC crypto currency exchange is a good way to buy and trade crypto currencies.

Paxful

The Paxful platform allows you to exchange fiat money into peer-to-peer digital assets and earn money by connecting an automated payment service and receiving referrals.

The crypto-currency exchange Paxful was founded in 2014. Today, the site allows you to use 400 ways to exchange digital assets for currencies and works with almost every national currency.

The platform gives you the opportunity to buy or sell Bitcoin (BTC) crypto-currency. You can withdraw the received funds to a bank account in any country; by money transfer; by e-currency; by exchanging iTunes, Amazon gift cards; by exchanging many other crypto-currencies; by paying for purchases in stores (this last option is still under development).

It now has nearly 5 million users and has developed a program targeting bitcoin suppliers. Paxful offers significant advantages in such a competitive market, and both buyers and sellers can trade on fair terms.

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

Define your cryptocurrency investment goals and choose the right resource for you based on the tools and opportunities you need.

We wish you the best of luck in the crypto-currency market!

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