Major cryptocurrency exchanges Kenya 2022
How to choose a convenient and quality cryptocurrency platform? To understand the diversity offered by the modern crypto services market, let's define the main points that distinguish a quality and reliable 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;
Next, we look at how the world's best cryptocurrency exchanges work.
The best exchanges for cryptocurrencies
The best platform for exchanging cryptocurrencies is usually an all-in-one resource, often combining the functions of an exchanger, a wallet for cryptocurrencies and a trading platform.
The largest 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 added convenience is the mobile version of the program, which is generally not inferior to the functionality of the desktop version of cryptoexchange, and much more convenient than that.
Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the best IT security standards to protect their customers' money.
Customers around the world are becoming familiar with cryptocurrencies and beginning to dominate the field thanks to Coinbase.
About 73 million verified users, 10,000 organizations and 185,000 system partners from more than 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 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 currency platforms in the world!
Binance is the leading cryptocurrency exchange in terms of trading volume, and is trusted by millions of users worldwide!
Binance pleases with low fees and a wide range of offerings, including spot trading, crypto-derivatives, the ability to make money with mining and staking, and to easily and quickly convert fiat currency into crypto-currency 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 benefits, Binance also offers a fast and secure mobile wallet - one that allows you to store and manage cryptocurrencies wherever you are.
Binance is really a good choice for both novice and experienced traders.
Kraken, a crypto currency exchange that has been successfully operating in the market since 2011, is now one of the most popular platforms for currency trading among English-speaking traders worldwide. Kraken is among the top ten similar sources, 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 because it pays great attention to service quality and security issues. As a result, the company now has an almost impeccable reputation among users in Europe and America.
Kraken is the first cryptocurrency exchange to post quotes and sales data on the Bloomberg terminal, and is the first company of its kind to undergo a proof-of-concept audit to certify that it has cash reserves. The exchange partners with the leading cryptocurrency bank, one of the market's leading platforms, which is constantly evolving, providing a convenient and functional service.
In addition to 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 cost, professional trading interface, advanced API access.
Kraken is a complex operation, but a simple interface, so even a novice can navigate through the source. Give it a try and you may appreciate the platform - it may be your ideal platform.
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 cryptocurrencies are traded on the exchange. The fiat currency is represented by euros and US dollars. Trading terminal in the form of a web version for a PC and a mobile app for iOS and Android. There is a one-level referral program, no investment program. There are no basic exchange controls, only comprehensive KYC controls. There are all major deposit options, including MC and Visa cards. The method of storing cryptocurrencies is cool, the site uses the latest protocols to protect the user's 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.
Disadvantages include the lack of a portfolio of crypto 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 virtual asset contracts in conjunction with margin trading on BitMEX (leveraged).
BitMEX allows users to trade futures contracts on Bitcoin, BitcoinCash, Cardano, Ethereum, Litecoin, Ripple and EOS. The most liquid instruments are the perpetual contract XBT/USD.
When you trade 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 on 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) feature that can be used to automate work on the platform. It can be found in the user account.
The Bitfinex exchange is the leading cryptocurrency exchange for experienced traders around the world, and one of the leading exchanges in terms of awareness 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 cryptocurrencies for USD and BTC. There are also cross trades, 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 trading on the crypto-currency exchange: exchange, margin, OTC, paper trading, derivatives and margin guarantee.
LocalBitcoins is a popular cryptocurrency exchange that offers the ability to quickly withdraw money and cost-effectively exchange coins for fiat currency.
Local Bitcoins was founded in Finland in 2012. The project aims to unite people and the economy in places where the usual banking system cannot be used to buy cryptocurrencies.
Advantages of the LocalBitcoins crypto currency 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.
The Poloniex exchange is considered one of the most popular platforms for trading cryptocurrencies.
The platform provides access to a wide variety of altcoins. It is one of the largest exchanges in terms of daily 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 space.
In March 2014, Poloniex was hit by a major hacker attack. About 12% of the bitcoins held on the exchange were stolen. After this, the company raised rates to compensate affected users for their losses.
Currently, Poloniex offers the ability to work with over 120 cryptocurrencies, with up to 1:100 leverage, and convert to fiat currency.
The investment 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 through social media and an interface, an excellent option that not all exchanges offer. In addition, they have increased security to provide a more secure environment.
KuCoin is a Hong Kong-based cryptocurrency exchange that launched in September 2017.
The project team aims to create a trading platform that favourably distinguishes itself from its competitors through its user focus. For example, the exchange offers a lucrative bonus program, as well as operational support and 24-hour assistance.
It often adds coins before they even appear on competing platforms. The site provides a list of cryptocurrencies that are preparing to be listed in the near future.
KuCoin Shares (KCS) allow trading on more favorable terms. A similar system is used on the Binance 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. Holders of KCS tokens enjoy a number of benefits, including commission income, reduced trading costs and access to other special services.
The platform has basic analytics, charts and indicators. It is possible to supplement 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 is an Austrian cryptocurrency exchange that specializes in the sale and purchase of bitcoins and other cryptocurrencies. Bitpanda.com is a fully automated platform: once the payment is confirmed, bitcoins and other cryptocurrencies are automatically sent to the buyers. Bitpanda (formerly known as Coinimal) is a Vienna-based cryptocurrency company. So far, the company has offered purchases of Dash, Litecoin, Bitcoin, Bitcoin Cash and Ethereum.
Bitpanda is available in over 54 countries, with a variety of payment options (although fees may be charged when depositing certain cryptocurrencies). In addition, it offers customer support via major social media, emails and phone calls.
On the exchange, you can buy more than 50 different cryptoassets, 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 its own currency - BEST - which can be used to pay fees on the exchange. Top adopters receive several benefits, the most notable of which is a 20% discount on premiums and trading fees.
It has 1.2 million users and daily revenue 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 hackers.
The company's servers are protected against DDoS attacks - the chances of the website going down are extremely low. In addition, all your communications with the website are encrypted with Secure Socket Layer technology.
Bitpanda's interface makes buying and selling cryptocurrencies extremely easy. Give this popular feature a try - registration takes no more than two minutes.
Coinmama began its activity 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 its users its convenience and customer orientation.
It is not possible to store cryptocurrencies in this facility. All funds are immediately sent to the customer's portfolio 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 purchase of 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. This is 5%. In addition, there may be commissions charged by the bank issuing the card.
The platform is accessible online (it does not currently have a mobile application).
Coinmama is not an exchange in the usual sense of the word. Unlike regular crypto currency exchanges, you can only buy currency. The lack of a built-in wallet means that all the goods you bought must be transferred immediately to the address you provided. But on the other hand, this makes it more secure, as this fact eliminates the risk of losing money in case of a hacker raid.
The Hitbtc platform, founded in 2013, currently offers a source for trading in high technology (with an API to enable trading bots). Moreover, it allows you to trade over 500 digital assets and the world's top-rated cryptocurrencies (over 800 compatible pairs).
The platform also offers corporate accounts and various security systems, so your money is optimally protected.
The site is in the top 30 exchanges for cryptocurrencies, and remains very competitive. The project has achieved such results thanks to the offer of a large number of currency pairs and good functionality. The service offers high quality trading tools, presented in a convenient format and suitable for both novice and professional traders.
The HitBTC crypto exchange is a great way to buy and trade cryptocurrencies.
The Paxful platform allows you to exchange fiat money for digital assets on a peer-to-peer basis and make money by connecting an automated payment service and attracting referrals.
The cryptocurrency exchange paxful was founded in 2014. Today on the site you can exchange digital assets for currency in 400 ways, and it works with almost all national currencies.
The platform offers the ability to buy or sell the crypto currency Bitcoin (BTC). You can withdraw the received money to a bank account in any country; via money transfer; with e-currency; by exchange for iTunes, Amazon gift cards; exchange for many other cryptocurrencies; payment of purchases in stores (the last option is still under development).
It now has nearly 5 million users and has developed a program for Bitcoin vendors. 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, which is a virtual wallet with a user-friendly graphical interface that allows you to exchange, receive and send bitcoins.
Determine your goals when investing in cryptocurrencies, and choose the right source for you based on the tools and features needed.
We wish you great success in the cryptocurrency market!