Platforms to invest in cryptocurrencies Kenya 2022
How to choose a convenient and quality crypto platform? To understand all the diversity that the modern market of cryptographic services offers, we will determine the key points that distinguish a reliable and quality 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;
Below we look at how the best cryptocurrency exchanges in the world work.
The best exchanges for cryptocurrencies
The best cryptocurrency exchange platform is usually an all-in-one resource, often combining the functions of an exchange, a cryptocurrency exchange, and a trading platform.
The major 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 additional convenience is the mobile version of the program, which is generally not inferior to the functionality of the desktop version of cryptocurrency, and is 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 learning about cryptocurrencies and starting to dominate the field thanks to Coinbase.
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 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 is trusted by millions of users worldwide!
Binance appeals for its low fees and wide range of offerings, including spot trading, cryptocurrency derivatives, the ability to make money through mining and staking, and to easily and quickly convert fiat currency 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 Trust Wallet mobile app - a wallet that allows you to store and manage cryptocurrencies wherever you are.
Binance is a very good choice for both novice and experienced traders.
Kraken, a cryptocurrency exchange that has been successfully operating on the market since 2011, is now one of the most popular currency trading platforms among English-speaking traders around the world. 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 trading volume. 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 publish price and sales data on the Bloomberg terminal, and is the first company of its kind to undergo an audit that shows it has cash reserves. The exchange cooperates with the first cryptocurrency bank, one of the leading platforms on the market, which is constantly evolving and provides a convenient and functional service.
In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., recognized currencies 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 it has a simple interface so that even a beginner can navigate through it. Try it out and you may enjoy the platform - it may be your ideal platform.
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 cryptocurrencies are traded on the exchange. Fiat currencies are represented by euros and US dollars. The trading terminal comes in a web version for a PC and a mobile app for iOS and Android. There is a one-level routing program, there is no investment program. There is no basic exchange verification, only a comprehensive KYC verification. There are all the major options for depositing money, 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 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.
The disadvantages are the lack of a cryptocurrency and fiat currency portfolio, and of 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 combination 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 XBT/USD perpetual contract.
When trading on BitMEX, you can open positions not only to buy, but also to sell an asset. In other words, it is possible to make money with 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) function that can be used to automate work on the platform. It is located in the user's account.
The Bitfinex exchange is the leading cryptocurrency exchange for experienced traders worldwide, and one of the best exchanges in terms of knowledge 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 for USD and BTC. There is also cross-trading, where 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 main types of trading on the cryptocurrency exchange: exchange, margin, OTC, paper trading, derivatives, and margin collateral.
LocalBitcoins is a popular cryptocurrency exchange that offers the opportunity to withdraw money quickly and trade coins for fiat currency profitably.
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 LocalBitcoins cryptocurrency exchange:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Disadvantages and criticisms of the LocalBitcoins cryptocurrency exchange :
- 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 range of altcoins. It is one of the largest exchanges in terms of daily bitcoin volume traded.
Poloniex was founded in the United States in 2014. The company's activities are not monitored by any regulator, 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 fees to be able to compensate affected users for their losses.
Currently, Poloniex offers the opportunity to work with over 120 cryptocurrencies, with leverage up to 1:100, and convert them into 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 an interface, an interesting option that not all exchanges offer. In addition, they have increased security to provide a safer environment.
KuCoin is a Hong Kong-based cryptocurrency exchange that launched in September 2017.
The project team aims to create a trading platform that distinguishes itself favorably from its competitors by putting the user first. For example, the exchange offers a lucrative bonus program, and operational and ongoing support.
It frequently adds coins before they even appear on competing platforms. The site provides a list of cryptocurrencies that are getting ready to be listed in the near future.
KuCoin Shares (KCS) allow trading on more favorable terms. A similar system is used in the 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. KCS holders enjoy a number of benefits, such as commission income, lower transaction costs, and access to other special services.
The platform has basic analysis, charts, indicators. You can 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 payment is confirmed, bitcoins and other cryptocurrencies are automatically sent to buyers. Bitpanda (formerly known as Coinimal) is a Vienna-based cryptocurrency startup. 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, email, and phone calls.
On the exchange, you can buy over 50 different cryptoassets, including Ethereum and Ripple. It accepts several fiat currencies, including the Swiss franc and Turkish lira, making it one of the most diverse exchanges out there.
Bitpanda also has its own currency - BEST - which can be used to pay exchange fees. Best adopters receive several benefits, the most notable of which is a 20% discount on premiums and exchange rates.
It has 1.2 million users and a daily turnover 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 risk of a site going down is extremely low. In addition, all your communications with the site are encrypted using Secure Socket Layer technology.
The Bitpanda interface makes buying and selling cryptocurrencies extremely easy. Try using this popular resource - registration takes no more than two minutes.
Coinmama started its operations 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 to its users its convenience and customer orientation.
Cryptocurrencies cannot be stored at this source. All funds are immediately sent to the customer's wallet 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 opportunity to buy currencies 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 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 (no mobile app at the moment).
Coinmama is not an exchange in the usual sense of the word. Unlike normal crypto exchanges, you can only buy coins. The lack of an integrated wallet means that all goods purchased by you must be immediately transferred to the address you provided. But on the other hand, it makes the project more secure, as this eliminates the risk of losing funds in the event of a hack.
The Hitbtc platform was founded in 2013 and currently offers a source for high-tech trading (with an API to allow trading bots). In addition, it allows you to trade over 500 digital assets and the world's most traded cryptocurrencies (over 800 compatible pairs).
The platform also offers company accounts and various security systems, so that your money is optimally protected.
The site is in the top 30 cryptocurrency exchanges, and thus remains quite competitive. It was able to achieve such results thanks to the offer of a large number of currency pairs and good features. The service offers high-quality trading instruments, presented in a convenient format and suitable for both novice and professional traders.
The HitBTC crypto exchange is a good way to buy and trade cryptocurrencies.
The Paxful platform allows you to exchange fiat money for digital assets in Peer-to-Peer mode and earn money by connecting to an automated payment service and attracting referrals.
Paxful was founded in 2014. Today, the site lets you exchange digital goods for fiat in 400 ways, and works with almost all national currencies.
The platform offers the possibility to buy or sell the cryptocurrency Bitcoin (BTC). You can withdraw the received money to a bank account in any country; by bank transfer; with electronic currency; by exchange for iTunes, Amazon gift cards; by exchange for many other cryptocurrencies; by payment for in-store purchases (the last option is still under development).
It now has almost 5 million users and has developed a program aimed at bitcoin suppliers. 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, which is a virtual wallet with a user-friendly graphical user 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 you need.
We wish you good luck in the cryptocurrency market!