Platforms to buy cryptocurrencies Kenya 2022
          

How to choose a convenient and high-quality crypto platform? To understand all the diversity that the modern crypto services market offers, we will determine the main points that distinguish a high-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;
  • safety.

Below we look at how the best cryptocurrency exchanges in the world work.

The best exchanges for cryptocurrency

The best cryptocurrency exchange platform is usually an all-in-one source, often combining the functions of an exchange, cryptocurrency wallet and trading platform. 

The major cryptocurrency exchanges offer customers a huge selection of cryptocurrencies, 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 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 cyber security standards to protect their clients' funds.

Read the functionality, features and terms of use of the cryptocurrency exchange carefully before you start trading;

Coinbase

Customers around the world are becoming familiar with cryptocurrencies and, thanks to Coinbase, are beginning to dominate the field.

About 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 receive 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, and a mobile version of the software has been developed.

Go to Coinbase and enjoy the benefits of one of the most advanced and trusted cryptocurrency platforms in the world!

Binance

Binance is the leading cryptocurrency exchange by trading volume, trusted by millions of users worldwide!

Binance satisfies with low fees and a wide range of products, including spot trading, derivatives of cryptocurrencies, the ability to make money with mining and staking, and easy and fast conversion of fiat currencies into cryptocurrencies 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 mobile app wallet - a wallet that allows you to store and manage cryptocurrencies wherever you are.

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

Kraken

Kraken, a cryptocurrency 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 sources, ranking first in terms of trading volume in BTC / EUR pairs and seventh in terms of daily turnover. The company has gained great popularity because it pays great attention to service quality and security issues. Today, thanks to this, it enjoys an almost impeccable reputation among users in Europe and America.

Kraken is the first cryptocurrency exchange to display price and sales data on a Bloomberg terminal, and is the first company of its kind to pass a proof-of-concept audit for its cash reserves. The exchange partners with the 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 coins that have gained prominence: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, there is support for fiat money (US dollar, yen, Canadian dollar, etc.) on the site. Kraken offers up to 5x leverage, low rollover rates, professional trading interface, advanced API access.

Kraken is a complex operation, but with a simple interface so that even a beginner can navigate through the resources. Try it out and use the platform - it may be your ideal platform.

Bittrex

Bittrex exchange is a platform for buying and selling cryptocurrencies and token assets with its own trading terminal and support for third-party terminals. Bitcoin, Ethereum, Tether, Cardano, XRP and other cryptocurrencies are traded on the exchange. Fiats are represented by euros and U.S. 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 referral program, no investment programs. There is no basic exchange verification, only comprehensive KYC type verification. All major deposit options are available, including MC and Visa cards. The way the cryptocurrency is stored 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 wallet for cryptocurrency and fiat currency, and of demo accounts and training programs.

Bitmex

Currently, the Bitmex cryptocurrency exchange is one of the market leaders in terms of trading volume. The platform allows you to buy and sell contracts for virtual assets, combined with margin trading on BitMEX (leveraged).

BitMEX allows users to trade futures in 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 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) feature that can be used to automate work on the platform. It can be found in your user account.

Bitfinex

Bitfinex exchange is the leading cryptocurrency exchange for experienced traders from 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 fiat and digital asset transactions. On the platform, users can exchange Bitcoin and other leading cryptocurrencies for USD and BTC. There are also cross-charges when one altcoin can be exchanged for another. The company has its own trading terminal with a mobile app for margin trading; it has leverage of up to 1:10 (up to 1:100 for derivatives).

There are six basic types of trading on a cryptocurrency exchange: exchange, margin, OTC, paper trading, derivatives and margin hedging.

Localbitcoins

LocalBitcoins is a popular cryptocurrency exchange that offers the ability to quickly withdraw funds and profitably exchange coins for fiat currencies.

Local Bitcoins was founded in Finland in 2012. The project aims to unite people and the economy in places where the regular banking system cannot be used to buy cryptocurrency.

Voordelen van LocalBitcoins cryptocurrency exchange:

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

Cons and reviews of the LocalBitcoins cryptocurrency exchange:

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

Poloniex

The Poloniex exchange is considered one of the most popular platforms to trade cryptocurrencies.

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 US. The company's operations are not controlled by any regulatory body, like most companies in the cryptocurrency space.

In March 2014, Poloniex suffered a major hacker attack. About 12% of the bitcoin held on the exchange was stolen. The company then raised fees to compensate affected users.

Poloniex already offers the ability 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 application (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 through social media and through the interface, which is a great option that not all exchanges offer. In addition, they have strengthened security to provide a more secure environment.

Kucoin

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

The project team wants to create a trading platform that stands out from the competition thanks to its user-centric approach. For example, the exchange offers a lucrative bonus program and 24-hour support and operability.

It often adds coins before they even appear on competing platforms. The site provides a list of cryptocurrencies that are preparing to go public in the near future.

KuCoin Shares (KCS) tokens allow trading under more favorable conditions. A similar system is used on the cryptocurrency exchange Binance. KCS tokens are a decentralized cryptocurrency 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, including commission income, lower transaction fees and access to other special services.

The platform has basic analytics, charts, indicators. You can top up your account balance with debit cards, cryptocurrencies 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 cryptocurrency exchange that specializes in the sale and purchase of bitcoin and other cryptocurrencies. Bitpanda.com is a fully automated platform: once a payment is confirmed, bitcoins and other cryptocurrencies are automatically sent to buyers. Bitpanda (formerly known as Coinimal) is a cryptocurrency startup platform based in Vienna. So far, the company offers buybacks of Dash, Litecoin, Bitcoin, Bitcoin Cash and Ethereum.

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

You can buy more than 50 different cryptocurrencies on the exchange, including Ethereum and Ripple. It accepts several fiat currencies, including Swiss francs and Turkish liras, 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. Best 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 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 the reach of 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 incredibly easy. Try using this popular feature - it takes no more than two minutes to register.

Coinmama

Coinmama began 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.

Cryptocurrency cannot be stored in this function. All funds are immediately sent to the customer's portfolio address.

Coinmama offers you a number 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 for fiat currencies (dollars and euros).

There are several commissions in the stock market. The first is 5.5%, this is already included in the price the investor sees. If you use a credit or debit card, there are also processing fees. 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 app).

Coinmama is not an exchange in the usual sense of the word. Unlike regular cryptocurrency exchanges, you can only buy currency here. The lack of an integrated portfolio means that all the assets you buy must be immediately transferred to the address you provide. But on the other hand, this makes the project more secure, as this way you do not risk losing your funds in case of a hacker raid.

Hitbtc

The Hitbtc platform, founded in 2013, now offers state-of-the-art trading tools (with an API that enables trading robots). Moreover, it allows you to trade more than 500 digital assets and the most traded cryptocurrencies in the world (more than 800 compatible pairs).

This platform also offers corporate accounts and various security systems, so your money is optimally protected.

The site is in the top 30 exchanges for cryptocurrency, and thus remains quite competitive. The project was able to achieve such results thanks to the offer of a large number of currency pairs and good functionality. The site offers trading tools of high quality, presented in a convenient format and suitable for both beginners and professional traders.

The HitBTC cryptocurrency exchange is a great way to buy and trade cryptocurrencies.

Paxful

The Paxful platform allows you to exchange fiat money for digital assets peer-to-peer and make money by joining an automated payment service and getting referrals.

Paxful Cryptocurrency Exchange was founded in 2014. Today, the site allows you to exchange digital assets for fiat in 400 ways, and it works with almost all national currencies.

The platform allows you to buy or sell Bitcoin (BTC) cryptocurrency. The incoming money can be withdrawn to a bank account in any country; by transferring money; electronic money; by redeeming for iTunes gift cards, Amazon; redeeming for many other cryptocurrencies; 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 vendors. Paxful offers significant advantages in such a competitive market and both buyers and sellers can negotiate fair terms.

They also offer a mobile app, which is a virtual wallet with a user-friendly graphical user interface that allows you to exchange, receive and send bitcoin.

Determine your goals when investing in cryptocurrencies, and based on the tools and features you need, choose the right source for you.

We wish you great success in the cryptocurrency market!

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