Cryptocurrency platforms Kenya 2022
How to choose a suitable and high-quality crypto platform? In order to understand all the diversity offered by the modern market of cryptographic 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;
Below, we take a 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 operator, a cryptocurrency exchange and a trading platform.
The largest cryptocurrency exchanges offer their clients 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 additional convenience is the mobile version of the program, which is usually not inferior to the functionality of the desktop version of Cryptocurrency and is much more convenient than it.
Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the best cybersecurity standards to protect their clients' funds.
Customers around the world are learning about cryptocurrencies and starting to master the field thanks to Coinbase.
Around 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 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 enjoy the benefits of one of the most reliable and advanced crypto platforms in the world!
Binance is the leading cryptocurrency exchange in terms of trading volume and has the trust of millions of users worldwide!
Binance impresses with low fees and a wide range of products, including spot trading, cryptocurrency derivatives, the ability to earn money with mining and staking, and to convert fiat currencies to cryptocurrencies and vice versa easily and quickly.
O 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 Trusted Wallet mobile app - a wallet that lets you store and manage cryptocurrencies wherever you are.
Binance is a very good choice for both beginners and experienced traders.
Kraken, a cryptocurrency exchange that has been successfully operating on the market since 2011, is now one of the most popular forex trading platforms among English-speaking traders around the world. Kraken is among the top ten similar resources and ranks first in terms of trading volume of the pair BTC / EUR 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. Therefore, the company now enjoys an almost impeccable reputation among users in Europe and America.
Kraken is the first cryptocurrency exchange to publish prices and sales data on the Bloomberg terminal and the first to undergo an audit that proves it has cash reserves. The exchange cooperates with the first cryptocurrency bank, one of the leading platforms on the market, which is constantly developing and offers a convenient and functional service.
Besides the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., recognized coins are also available on the exchange: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the site supports fiat currencies (US dollar, yen, Canadian dollar, etc.). Kraken offers up to 5x leverage, low renewal fees, 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 might be your ideal platform.
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 this exchange. Fiat currencies are represented by euros and US dollars. The trading terminal comes in a web version for PC and a mobile app for iOS and Android. There is a single-tier referral program, and there is no investment program. There is no basic exchange verification, only extensive KYC verification. There are all major options for depositing funds, 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 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 portfolio of cryptocurrencies and fiat currencies, as well as demo accounts and training programs.
Currently, the cryptocurrency exchange Bitmex is one of the market leaders in terms of trading volume. The platform allows you to buy and sell contracts with virtual assets in combination with margin trading on BitMEX (with leverage).
BitMEX offers users the opportunity to trade futures contracts on Bitcoin, BitcoinCash, Cardano, Ethereum, Litecoin, Ripple and EOS. The most liquid instruments are the XBT/USD contract with unlimited maturity.
When trading on BitMEX, you can open positions not only to buy, but also to sell an asset. In other words, you can 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) function that allows you to automate the work on the platform. It is located in the user account.
Bitfinex exchange is the leading cryptocurrency exchange for experienced traders 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 transactions in fiat and digital assets. On the platform, users can trade Bitcoin and other major cryptocurrencies against 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 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 cryptocurrency exchanges: exchange, margin, OTC, paper trading, derivatives, and margin collateral.
LocalBitcoins is a popular cryptocurrency exchange that offers the possibility to quickly withdraw money and exchange coins for fiat currency for a profit.
Local Bitcoins was founded in Finland in 2012. The project aims to bring people and business together in places where the usual banking system cannot be used to buy cryptocurrencies.
Advantages of 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.
Poloniex exchange is considered one of the most popular platforms for trading cryptocurrencies.
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 of America. The company's activities are not supervised by regulators, 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 increased fees to compensate affected users for their losses.
Currently, Poloniex offers the possibility to work with more than 120 cryptocurrencies, use leverage of 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). The graphical interface allows you to use tools and indicators for a better experience.
Poloniex also offers technical support via social media and an interface, an interesting option that not all exchanges offer. In addition, they have increased security measures to create a safer environment.
KuCoin is a Hong Kong-based cryptocurrency exchange that was founded in September 2017.
The project team is committed to creating a trading platform that positively differentiates itself from its competitors by putting the user at the center. For example, the exchange offers a lucrative bonus program as well as operational and ongoing support.
It often adds coins before they appear on competing platforms. On the website you can find a list of cryptocurrencies that are preparing to be listed in the near future.
KuCoin share tokens (KCS) allow trading at more favorable conditions. A similar system is used in the Cryptocurrency Exchange Box. KCS tokens are a decentralized cryptocurrency issued on the Ethereum blockchain (ERC 20 token).
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 offers basic analysis, charts and indicators. It is possible to replenish the account balance with debit cards, cryptocurrencies and e-wallets. These methods are also available for withdrawal. Besides 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, Bitcoins and other cryptocurrencies are automatically sent to buyers. Bitpanda (formerly known as Coinimal) is a cryptocurrency startup based in Vienna. So far, the company has offered the purchase of Dash, Litecoin, Bitcoin, Bitcoin Cash, and Ethereum.
Bitpanda is available in more than 54 countries and offers 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.
The exchange allows you to buy over 50 different cryptoassets, including Ethereum and Ripple. It accepts various fiat currencies, including the Swiss Franc and the Turkish Lira, which makes it one of the most versatile exchanges.
Bitpanda also has its own currency - BEST - which you can use to pay fees on the exchange. Best Adopters get several benefits, the most notable of which is a 20% discount on rewards and exchange fees.
It has 1.2 million users and $12 million in daily revenue.
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. Moreover, all your communication with the website is encrypted using Secure Socket Layer technology.
Bitpanda interface makes buying and selling cryptocurrencies extremely easy. Try this popular resource - registration takes no more than two minutes.
Coinmama started its activities 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 globally. During its operation, the exchange has proven its convenience and customer focus to its users.
Cryptocurrencies cannot be stored in this facility. All funds are sent immediately to the address of the customer's wallet.
Coinmama offers you a number of the 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 purchase of coins against fiat currency (dollars and euros).
There are several commissions on the stock exchange. The first is 5.5%, which is already included in the price that the investor sees. If you use a credit or debit card, there is also a processing fee. This is 5%. In addition, commissions may be charged by the card-issuing bank.
The platform is accessible online (it does not currently have a mobile app).
Coinmama is not an exchange in the usual sense. Unlike normal crypto exchanges, you can only buy coins. The lack of an integrated wallet means that all the goods you buy have to be transferred immediately to the address you specify. On the other hand, this makes the project more secure as it eliminates the risk of losing money in case of a hacker attack.
Founded in 2013, the Hitbtc platform currently offers a resource for trading with cutting-edge technology (with an API that enables bot trading). Moreover, you can trade over 500 digital assets and the world's most listed cryptocurrencies (over 800 compatible pairs).
The 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 quite competitive. The project was able to achieve such results thanks to the provision of 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 crypto exchange HitBTC is a great way to buy and trade cryptocurrencies.
On the Paxful platform, you can peer-to-peer exchange fiat money for digital assets and earn money by connecting an automated payment service and collecting referrals.
Paxful was founded in 2014. Today, the website allows you to use 400 ways to exchange digital goods for fiat, and it works with almost all national currencies.
The platform offers the possibility to buy or sell the cryptocurrency Bitcoin (BTC). You can transfer the received funds to a bank account in any country; by wire transfer; with electronic currency; by exchanging them for iTunes and Amazon gift cards; by exchanging them for many other cryptocurrencies; by paying for purchases in stores (the last option is still under development).
It now has nearly 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 app that is a virtual wallet with a user-friendly graphical 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 on the cryptocurrency market!