What are Cryptocurrency Exchanges?
If you are new to Cryptocurrencies, you must have come across the term and asked yourself;
What are they?
Which ones are the best?
To buy and sell (trade) Cryptocurrency in Kenya, you need a Crypto Exchange. This is a platform that allows customers to trade digital assets online. There are many Cryptocurrency Exchanges in the world but the following are the most reliable for Kenyans.
List of Cryptocurrency Exchanges in Kenya
Binance Crypto Exchange
Binance is the world’s leading cryptocurrency exchange. It gives traders an easy-to-use digital platform with loads of other features. With Binance P2P, Kenyans can buy Cryptocurrencies using Mpesa. It is also very easy to sell, hold on and transfer cryptocurrencies to Crypto wallets from the Binance. Besides trading, there are many other ways to earn money on the Binance Platform through Savings, Futures, and Staking.
Coinbase is an easy-to-use, secure, and reliable online platform for trading, holding, and transferring cryptocurrency to wallets. It has been around since the early days of the Crypto world. Also, the platform has guides, resources, and tools that help HODLers trade better.
LocalBitcoins P2P is another Digital Currency Exchange (DCE) platform. On LocalBitcoins, you can trade Bitcoin and other Altcoins in Kenya in an easy, fast, and secure way.
Yellow Card is one of the most trusted crypto exchanges in Kenya. The Platform offers multiple payment options to buy and sell cryptocurrencies in Kenya including Mpesa and bank transfers.
LocalCryptos claims to be “the largest non-custodial peer-to-peer Bitcoin marketplace.” And, that “Kenya is the largest African country by trade volume on their platform.”
Paxful helps you buy and sell Bitcoins digital currencies in three easy steps.
a) Create an Account on Paxful and get verified.
b) Select a payment method (like Mpesa) and amount to use (Kshs).
c) Buy or Sell Bitcoin
Other Cryptocurrency Exchanges
There are other Digital Currency Exchange (DCE) platforms or Crypto exchanges like Kucoin, Bybit, and Kraken. The ones listed above are my favorites. However, it is always advisable to do your research (DYOR) before making any financial move. Also, Invest wisely!