Cryptocurrency trading platforms Kenya 2022
          

How to choose a convenient and quality crypto platform? To understand all the diversity offered by the modern crypto services market, 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 an all-in-one 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 in principle is not inferior in functionality to the desktop version of cryptoexchange, and is much more convenient than it.

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

Please read carefully the features, characteristics 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 dominate 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, and a mobile version of the software has been developed.

Please visit Coinbase and enjoy the benefits of one of the most advanced and reliable 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 satisfies with low fees and a wide range of products, including spot trading, crypto-currency derivatives, the ability to make money in mining and staking, and quick and easy conversion of fiat currencies to crypto-currencies and vice versa.

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 wallet on the mobile app - one that allows you to store and manage cryptocurrencies wherever you are.

Binance is a very good choice for both beginners and experienced traders.

Kraken

Kraken, a crypto-currency exchange that has been successfully operating in the market since 2011, is currently one of the most popular currency trading platforms among English-speaking traders worldwide. 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, thanks to this, it enjoys 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 is the first of its kind to pass a proof-of-concept audit for its liquidity reserves. 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 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, professional trading interface, advanced API access.

Kraken is a complex operation but a simple interface, so even a beginner can navigate the resources. Feel free to try it and use the platform - it could be your ideal platform.

Bittrex

The Bittrex exchange is a platform for buying and selling cryptocurrencies and tokens 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 application for iOS and Android. There is a single-level guidance program, no investment programs. There is no basic stock market verification, only extensive KYC verification. All major deposit options are available, including MC and Visa cards. The way the crypto currency is stored is cool, the site uses the latest protocols to protect user data. The 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.

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 contracts for 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 perpetual contract.

When trading on BitMEX, you can open positions not only to buy, but also to sell assets. In other words, it is possible to 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 currencies 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

The Bitfinex exchange is the leading crypto-currency exchange for experienced traders around the world 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. On the platform, users can exchange bitcoin and other leading crypto-currencies for 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 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 the ability to withdraw money quickly and profitably exchange coins for fiat currency.

Local Bitcoins was founded in 2012 in Finland. The project aims to unite people and the economy in places where the regular 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

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 currency trading volume.

Poloniex was founded in 2014 in the United States. The company's operations are not controlled by any regulatory body, like most companies in the crypto-currency space.

In March 2014, Poloniex suffered a major hacker attack. Approximately 12% of the bitcoins held on the exchange were stolen. The company then increased fees to be able to compensate affected users.

Poloniex already offers the ability to work with over 120 crypto-currencies, leverage 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 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 stands out from the competition with its user-centric approach. For example, the exchange offers a lucrative bonus program as well as 24-hour support and operability.

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

KuCoin Shares (KCS) tokens allow trading under more favorable conditions. 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 transaction fees and access to other special services.

The platform has basic analysis, charts, indicators. You can top up your account balance from debit cards, crypto-currencies and e-wallets. These methods are also available for withdrawal. 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 (previously known as Coinimal) is a Vienna-based crypto-currency startup platform. To date, the company offers redemption of Dash, Litecoin, Bitcoin, Bitcoin Cash and Ethereum.

Bitpanda is available in over 54 countries with various payment options (although fees may apply when depositing certain cryptocurrencies). In addition, it offers customer support via major social media, email and phone.

You can buy over 50 different crypto-currencies on the exchange, including Ethereum and Ripple. It accepts a variety of fiat currencies, including 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. Top adopters receive a number of benefits, the most notable of which is a 20% discount on premiums and trading fees.

It has 1.2 million users and daily sales 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 - the probability of website failure 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 using this popular feature - registration will take no more than two minutes.

Coinmama

Coinmama started its operations in 2013. It is registered in Slovakia, but its owner is 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 convenient and customer-oriented for its users.

Crypto-currencies cannot be stored in this function. All funds are immediately sent to the client's wallet address.

Coinmama offers you a number of important 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%, which is already included in the price the investor sees. If you use a credit or debit card, there is also a processing fee. That's 5%. In addition, commissions may be charged by the card-issuing bank.

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

Coinmama is not an exchange in the usual sense. Unlike normal 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 it more secure, as it eliminates the risk of losing your funds in case of a hacker invasion.

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 compatible pairs).

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

The site ranks in the top 30 crypto-currency exchanges, thus remaining very competitive. The project was able to achieve such 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 beginners 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 an automated payment service and getting referrals.

The crypto-currency exchange Paxful was founded in 2014. Today, the site offers you 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 the crypto-currency Bitcoin (BTC). Incoming funds can be withdrawn to a bank account in any country; by money transfer; by e-currency; by exchanging for iTunes, Amazon gift cards; by exchanging for many other crypto-currencies; by paying for purchases in stores (the last option is still under development).

It currently has nearly 5 million users and has developed a program that targets 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. It is a virtual wallet with a user-friendly graphical interface that allows you to exchange, receive and send bitcoins.

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

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

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