Top Bitcoin Exchanges in Kenya
Bitcoin is a digital currency that has gained popularity in recent years. It is a decentralized currency that operates without the need for a central bank or administrator. Bitcoin transactions are recorded on a public ledger called the blockchain, which makes it a secure and transparent way to transfer funds. In Kenya, Bitcoin has become increasingly popular, and many people are looking for ways to buy it. In this article, we will discuss the top Bitcoin exchanges in Kenya and how to buy Bitcoin on these platforms.
1. Paxful
Paxful is a peer-to-peer Bitcoin marketplace that allows users to buy and sell Bitcoin with over 300 payment methods, including M-Pesa, bank transfers, and credit cards. To buy Bitcoin on Paxful, you need to create an account and verify your identity. Once your account is verified, you can search for Bitcoin sellers on the platform and choose the payment method that suits you. Paxful charges a 1% fee on all transactions.
2. Binance
Binance is a global cryptocurrency exchange that allows users to buy and sell Bitcoin and other cryptocurrencies. To buy Bitcoin on Binance, you need to create an account and verify your identity. Once your account is verified, you can deposit funds into your account using M-Pesa or bank transfer. You can then use the funds to buy Bitcoin on the platform. Binance charges a 0.1% fee on all trades.
3. LocalBitcoins
LocalBitcoins is a peer-to-peer Bitcoin marketplace that allows users to buy and sell Bitcoin with over 60 payment methods, including M-Pesa, bank transfers, and cash deposits. To buy Bitcoin on LocalBitcoins, you need to create an account and verify your identity. Once your account is verified, you can search for Bitcoin sellers on the platform and choose the payment method that suits you. LocalBitcoins charges a 1% fee on all transactions.
4. BitPesa
BitPesa is a Bitcoin exchange that allows users to buy and sell Bitcoin with M-Pesa and bank transfers. To buy Bitcoin on BitPesa, you need to create an account and verify your identity. Once your account is verified, you can deposit funds into your account using M-Pesa or bank transfer. You can then use the funds to buy Bitcoin on the platform. BitPesa charges a 1% fee on all transactions.
5. Remitano
Remitano is a peer-to-peer Bitcoin marketplace that allows users to buy and sell Bitcoin with over 40 payment methods, including M-Pesa, bank transfers, and cash deposits. To buy Bitcoin on Remitano, you need to create an account and verify your identity. Once your account is verified, you can search for Bitcoin sellers on the platform and choose the payment method that suits you. Remitano charges a 1% fee on all transactions.
In conclusion, buying Bitcoin in Kenya is easy and straightforward. There are several Bitcoin exchanges and marketplaces that allow users to buy and sell Bitcoin with different payment methods. To buy Bitcoin on these platforms, you need to create an account, verify your identity, and deposit funds into your account. Once you have funds in your account, you can buy Bitcoin on the platform. It is important to note that Bitcoin is a volatile asset, and its price can fluctuate rapidly. Therefore, it is advisable to do your research and invest wisely.