Where to buy cryptocurrencies Kenya 2022
How to choose a convenient and quality cryptocurrency platform? To understand all the variety offered by today's market of crypto services, let us define the key 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;
Below we will see how the best cryptocurrency exchanges in the world work.
The best exchanges to trade cryptocurrencies
The best cryptocurrency exchange platform is usually a multifunctional resource, often combining the functions of an exchanger, cryptocurrency wallet and trading platform.
Leading cryptocurrency exchanges offer customers a huge selection of cryptocurrencies, low transaction fees and no deposit fees, low deposit and withdrawal limits, and convenient settlement options.
An additional convenience is the mobile version of the software, which is often as functional as the desktop version of the crypto-exchange and far superior in terms of convenience.
Reliability is the most important feature of a cryptocurrency exchange. Modern platforms use the best IT security standards to protect their clients' funds.
Customers from all over the world are learning about cryptocurrency and becoming proficient in it thanks to Coinbase.
Some 73 million verified users, 10,000 organizations and 185,000 system partners from over 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 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 robust 24-hour 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 cryptocurrency platforms in the world.
Binance is the leading cryptocurrency exchange by trading volume, trusted by millions of users worldwide.
Binance offers low commissions and a wide range of offerings, including spot trading, crypto-derivatives, the ability to make money from mining and betting, and quick and easy conversion from fiat currencies to cryptocurrencies and vice versa.
- 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 advantages, Binance offers a fast and secure mobile application Trust Wallet, a wallet that allows you to store and manage cryptocurrencies wherever you are.
Binance is a really good option for both the beginner and the experienced trader.
Kraken, a cryptocurrency exchange that has been successfully operating in the market since 2011, is now one of the most popular cryptocurrency exchange platforms among English-speaking traders around the world. Kraken is one of the top 10 such sources, ranking first in terms of trading volume of the BTC / EUR pair and seventh in terms of daily turnover. The company has gained a lot of popularity, as it pays much attention to the quality of service and security issues. As a result, it now has an almost impeccable reputation among users in Europe and America.
Kraken is the first cryptocurrency exchange to display price and sales data on the Bloomberg terminal, and the first company of its kind to be audited to prove that it has cash reserves. The exchange is a partner of the first cryptocurrency bank, one of the leading platforms in the market, which is constantly evolving to offer a convenient and functional service.
In addition to the popular Ethereum, Bitcoin, Dash, Litecoin, Ripple, etc., there are also publicly traded currencies available: for example, Iconomi, Augur, Monero, Zcash, Bitcoin Cash. At the same time, the site supports fiat money (US dollar, yen, Canadian dollar, etc.). Kraken offers leverage up to 5 times, low position transfer rates, professional trading interface and advanced API access.
Kraken is a complex operation, but it has a simple interface, so even a beginner will be able to navigate it. Give it a try and you can benefit from this platform, it may be your ideal platform.
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 is available in euros and US dollars. The trading terminal comes in the form of a web version for PC and a mobile app for iOS and Android. There is a one-level referral program, there are no investment programs. There is no basic exchange verification, only KYC-type due diligence. There are all basic deposit options, including MC and Visa cards. The cryptocurrency storage method is cold storage and 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.
Disadvantages include the lack of cryptocurrencies and fiat currencies, as well as demo accounts and training programs.
Bitmex is currently 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 for Bitcoin, BitcoinCash, Cardano, Ethereum, Litecoin, Ripple and EOS. The most liquid instruments are the XBT/USD perpetual contracts.
When trading on BitMEX, you can open positions not only to buy but also to sell the asset. In other words, BitMEX allows you to make money 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) function that can be used to automate work on the platform. This can be found in the user account.
Bitfinex is the leading cryptocurrency exchange for experienced traders worldwide 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 fiat and digital assets. Users can exchange Bitcoin and other major cryptocurrencies for US dollars and BTC on the platform. Cross-currency fees are also available, where one altcoin can be exchanged for another. The company has its own trading terminal with a mobile app for margin trading; leverage is up to 1:10 (up to 1:100 for derivatives).
There are six main types of cryptocurrency trading: exchange trading, margin trading, OTC trading, paper trading, derivatives and margin collateral.
LocalBitcoins is a popular cryptocurrency exchange that offers fast withdrawals and cost-effective exchanges of coins for fiat currencies.
Local Bitcoins was founded in Finland in 2012. The project aims to connect people and economies in places where the conventional banking system cannot be used to buy cryptocurrencies.
The benefits of the LocalBitcoins cryptocurrency exchange:
- Cash trading.
- Support for many payment methods.
- Trading volume.
- Referral program.
- Bitcoin wallet with free use.
Disadvantages and opinions of LocalBitcoins cryptocurrency exchange:
- Payment with other cryptocurrencies.
- Lack of official support for mobile devices.
Poloniex is considered one of the most popular cryptocurrency trading platforms.
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 the United States in 2014. The company is not controlled by any regulator, like most companies in the cryptocurrency space.
In March 2014, Poloniex suffered a major hacking attack. About 12% of the bitcoins stored on the exchange were stolen. The company then raised fees to compensate affected users for their losses.
Poloniex currently offers the possibility to work with more than 120 cryptocurrencies, with a leverage of up to 1:100, and to convert them into fiat currency.
The trading platform offers 2 versions: WebTrader and a mobile application (for iOS and Android operating systems), a graphical interface that allows you to use tools and indicators for a better experience.
Poloniex also offers technical support through social networks and interface, a great feature that not all exchanges offer. In addition, they have beefed up security to provide a safer environment.
KuCoin is a Hong Kong-based cryptocurrency exchange launched in September 2017.
The project team aims to create a trading platform that compares with that of competitors by focusing on the user. For example, the exchange offers a lucrative bonus program and 24-hour trading support.
It often adds coins before they appear on competing platforms. The website offers a list of cryptocurrencies that are preparing to be listed in the near future.
KuCoin Shares (KCS) tokens allow trading under better 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, reduced trading fees and access to other special services.
The platform features basic analytics, charts and indicators. Deposits can be made via 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 specializing in the sale and purchase of bitcoins and other cryptocurrencies. Bitpanda.com is a fully automated platform: as soon as a payment is confirmed, bitcoins and other cryptocurrencies are automatically sent to the buyers. Bitpanda (formerly known as Coinimal) is a Vienna-based cryptocurrency startup. So far, the company has offered to buy Dash, Litecoin, Bitcoin, Bitcoin Cash and Ethereum.
Bitpanda is available in over 54 countries, with a wide variety of payment options (although fees may apply when depositing in some cryptocurrencies). The company also offers customer support through major social networks, email and phone calls.
You can buy more than 50 different cryptoassets on the exchange, including Ethereum and Ripple. It accepts a wide variety of fiat currencies, including Swiss francs and Turkish lira, making it one of the most diversified exchanges.
Bitpanda also has its own currency - BEST - which can be used to pay exchange rates. "BEST supporters" receive several advantages, the most notable of which is a 20% discount on premiums and trading fees.
It has 1.2 million users and a daily trading volume of US$12 million.
Bitpanda uses cold storage. Funds are stored offline in AML5-compliant wallets. Because they are not connected to the Internet, funds remain safe from hacker access.
The company's servers are protected against DDoS attacks, so the risk of the website going down is extremely low. In addition, all your communication with the website is encrypted using Secure Socket Layer technology.
Bitpanda's interface makes buying and selling cryptocurrencies extremely easy. Try this popular resource - it takes no more than two minutes to sign up.
Coinmama started operations in 2013. It is registered in Slovakia but is owned by Israel-based New Bit Ventures. At the same time, the exchange itself operates worldwide. During its operation, the exchange has proven to be user-friendly and customer-oriented.
Cryptocurrencies cannot be stored in this source. All funds are sent immediately to the client's wallet address.
Coinmama offers you to buy and/or sell a range of major coins in circulation 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 possibility of buying coins for fiat currencies (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, you will also be charged a processing fee. This is 5%. The card issuing bank may also charge fees.
The platform is available online (it does not currently have a mobile application).
Coinmama is not an exchange in the usual sense of the word. Unlike standard cryptocurrency exchanges, here you can only buy currencies. The lack of a built-in wallet means that any funds you buy have to be immediately transferred to the address you specify. But on the other hand, it makes the project more secure, as this fact eliminates the risk of losing money in case a hacker breaks in.
Hitbtc platform, founded in 2013, is now a source of high-tech exchanges (with an API to feed trading robots). It also allows you to trade over 500 digital assets and the world's most traded cryptocurrencies (over 800 supported pairs).
The platform also offers company accounts and various security systems so that your money is optimally protected.
It is one of the top 30 cryptocurrency exchanges and therefore remains quite competitive. It has been able to achieve these results because it offers a large number of currency pairs and good functionality. The service offers high-quality trading tools, which are presented in a user-friendly format and are suitable for both novice and professional traders.
The HitBTC cryptocurrency 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 referrals.
The Paxful cryptocurrency exchange was founded in 2014. Today digital assets can be exchanged for fiat assets on the site in 400 ways, and it works with almost all national currencies.
The platform offers the opportunity to buy or sell the cryptocurrency Bitcoin (BTC). You can withdraw money to a bank account in any country; transfer cash; e-money; exchange it for iTunes, Amazon gift cards; exchange it for many other cryptocurrencies; pay for purchases in stores (the latter option is still under development).
It now has nearly 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 fair terms.
They also offer a mobile application, which is a virtual wallet with an easy-to-use graphical interface that allows you to exchange, receive and send bitcoins.
Determine your goals when investing in cryptocurrencies and, depending on the tools and opportunities you need, choose the right source for you.
We wish you the best of luck in the cryptocurrency market.