Cryptocurrency trading platform Kenya 2022
          

How to choose a convenient and quality crypto-currency platform? In order to understand all the diversity offered by the modern market of crypto-currency 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.

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 commissions and no deposit fees, low deposit and withdrawal limits and convenient settlement options.

An additional facility is the mobile version of the program, which is basically not inferior in functionality to the desktop version of the crypto-currency exchange, and is much more convenient than the desktop version.

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 read carefully the operation, features and terms of use of the crypto-currency exchange before you start trading.

Coinbase

Customers from all over the world are becoming familiar with crypto-currencies and, thanks to Coinbase, are beginning to master the field.

Approximately 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 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 powerful 24/7 technical support. A mobile version of the software has been developed.

Visit Coinbase and enjoy the benefits of 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 benefits from low fees and a wide range of products, including spot trading, crypto-currency derivatives, the ability to make money through mining and gambling, as well as quick and easy conversion of fiat currencies into 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 mobile app, Trust Wallet, a wallet that allows you to store and manage crypto-currencies wherever you are.

Binance is a great option for both 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 crypto-currency trading platforms among English-speaking traders around the world. Kraken is among the top ten similar resources, ranking first in terms of trading volume of the BTC / EUR pair and seventh in terms of daily turnover. The company has gained great popularity due to the fact that it pays great attention to the quality of service and security issues. Today, it has an almost impeccable reputation among users in Europe and America.

Kraken is the first crypto-currency exchange to display quotes and sales data on a Bloomberg terminal and the first company of its kind to pass a cash reserve audit. The exchange is associated with the first crypto-currency 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 rollover rates, a professional trading interface and advanced API access.

Kraken is a complex operation, but a simple interface, so even a beginner can navigate the resources. Try it and use the platform: it can be your ideal platform.

Bittrex

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 crypto-currencies are traded on the exchange. The fiat currencies are represented by euros and US dollars. The 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, there is no investment program. There is no basic verification on the exchange, only an extensive type of KYC. There are all major deposit options, including MC and Visa cards. The method of storing crypto-currencies is cold, 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 a crypto-currency and fiat currency portfolio, as well as demo accounts and training programs.

Bitmex

Currently, the crypto-currency exchange Bitmex 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 offers users the ability 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 assets. This means that it is possible to make money on BitMEX not only in a bull market, but also in a bear market.

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

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

Bitfinex

Bitfinex exchange is the leading crypto-currency exchange for experienced traders worldwide and one of the best 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 crypto-currencies for USD and BTC. There is also a cross-currency fee, 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 basic types of transactions on a crypto-currency exchange: exchange, margin, OTC, paper trading, derivatives and margin hedging.

Localbitcoins

LocalBitcoins is a popular crypto-currency exchange that offers you the opportunity to withdraw money quickly and profitably by exchanging coins for fiat currency.

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

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

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

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's operations are not controlled by any regulator, like most companies in the crypto-currency space.

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

Currently, Poloniex offers the ability to work with more than 120 cryptocurrencies, leverage up to 1:100 and conversion to fiat currency.

The trading platform offers 2 versions: WebTrader and a mobile application (for iOS and Android operating systems). The graphical interface allows the use of 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 operational and ongoing support.

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

KuCoin Shares (KCS) tokens allow trading on more favorable 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 offers basic analytics, charts and indicators. Replenishment of the account balance is possible from debit cards, crypto-currencies and e-wallets. These methods are also available for withdrawal. In addition to the affiliate program (compensation for referrals), the site offers unique contests with cash prizes.

Bitpanda

Bitpanda is an Austrian crypto-currency exchange specializing in buying and selling 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 Vienna-based crypto-currency startup. To date, 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 apply when depositing certain cryptocurrencies). It also offers customer support through major social media, emails and phone calls.

This exchange allows you to buy over 50 different crypto-currencies, 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 a native currency - BEST - which can be used to pay fees on the exchange. BEST has several benefits, the most notable of which is a 20% discount on bonuses and transaction fees.

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, so the likelihood of your website going down is extremely low. In addition, all your communications with the website are encrypted using Secure Socket Layer technology.

Bitpanda's interface makes buying and selling crypto-currencies incredibly easy. Try this popular resource - it won't take you more than two minutes to sign up.

Coinmama

Coinmama started its operations in 2013. It is registered in Slovakia, but its owner is New Bit Ventures, based in Israel. At the same time, the exchange itself operates worldwide. During its operation, the exchange has proven its convenience and customer orientation to its users.

No crypto currencies can be stored in this resource. All funds are immediately transferred to the client's wallet address.

Coinmama offers a range of major trading 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 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. If a credit or debit card is used, there is also a processing fee. This is 5%. In addition, the card-issuing bank may charge a fee.

Access to the platform is online (there is currently no 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 have to be transferred immediately to the address you provide. But on the other hand, this makes the project more secure, as this fact eliminates the risk of losing your funds if a hacker gets in.

Hitbtc

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

This platform also offers corporate accounts, as well as various security systems, which guarantee the highest level of protection for your funds.

The site is among the top 30 crypto-currency exchanges, being quite competitive. The project was able to achieve these results thanks to the availability of a large number of currency pairs and good functionality. The site offers high-quality trading tools that are presented in a convenient 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 for digital assets on a peer-to-peer basis and earn money by connecting to an automated payment service and getting referrals.

The crypto-currency exchange Paxful was founded in 2014. Currently, the site allows the use of 400 forms of digital asset exchange for fiat currency 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 cash 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 currently has nearly 5 million users and has developed a program for bitcoin suppliers. Paxful offers considerable 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 an easy-to-use graphical interface, which allows you to exchange, receive and send bitcoins.

Define your goals when investing in crypto-currencies and, based on the tools and features needed, choose the right resource for you.

We wish you good luck in the crypto-currency market.

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