How to Buy Bitcoin in Kenya.
We found 6 trusted online cryptocurrency exchanges operating in Kenya including Kraken, FTX, and CEX.io.
We may receive compensation when you click certain products. Before getting started, an important disclosure.
Most Popular Bitcoin Exchanges in Kenya.
Kraken is the most popular Bitcoin
exchange in Kenya with 6,000,000 users.
FTX allows buying and selling Bitcoin with 6 forms of payment.
CEX.io accepts users and payments from 178 countries.
With millions of active users, an international market, and strategic investors on board, Kraken, joins Coinbase and Binance to become the big three cryptocurrency exchanges in the global market.
With millions of active users, an international market, and strategic investors on board, Kraken, joins Coinbase and Binance to become the big three cryptocurrency exchanges in the global market. Kraken provides cryptocurrency to fiat trading and provides price information to Bloomberg Terminal. In February 2019, Kraken announced that it had raised $100 million in a direct offering to its largest customers at a $4 billion valuation.
EUR SEPA Deposit (Free) - EEA countries only USD Bank Wire Deposit ($5 USD) - US only EUR Bank Wire Deposit (€10) - outside US only USD Bank Wire Deposit ($10 USD) - outside US only JPY Bank deposit (Free, ¥5,000 deposit minimum) - Japan only CAD Wire Deposit (Free)
Cryptocurrency: Fees vary EUR SEPA Withdrawal (€0.09) - EEA countries only USD Bank Wire Withdrawal ($5 USD) - US only USD Bank Wire Withdrawal ($60 USD) - outside US only EUR Bank Wire Withdrawal (€60) - outside US only JPY Bank withdrawal (¥20) - Japan only CAD EFT Withdrawal ($10 CAD)
Kraken is considered one of the safest bitcoin exchanges around. The platform provides cryptography-verified proof of reserve audits. These audits verify the total amount of cryptocurrency held by Kraken. The company appears to be well-capitalized and very safe to use.
Launched in 2019, FTX is one of the fastest growing centralized cryptocurrency exchanges that supports more than 300 digital assets and advanced features like margin and futures trading, derivatives, options, and leveraged tokens.
Launched in 2019, FTX is one of the fastest growing centralized cryptocurrency
exchanges that supports more than 300 digital assets and advanced features like margin and futures trading, derivatives, options, and leveraged tokens.
There are no fees on deposits and withdrawals, except for ETH, ERC-20 tokens, or small BTC withdrawals.
FTX is a regulated company and holds licenses in all districts in which it operates. It is also a VC backed company with over $400 million in funding. Cash held in FTX.US wallets is FDIC insured up to $250,000.
Cex.io started in 2013 as a Bitcoin exchange and cloud mining provider which has since become a multi-functional exchange, trusted by over half a million users.
Cex.io started in 2013 as a Bitcoin exchange and cloud mining provider which has since become a multi-functional exchange, trusted by over half a million users. The exchange has developed a multi-level account system with an individual approach to each customer, from Bitcoin beginners to institutional traders. Worldwide coverage, multiple payment options, and 24/7 support are accompanied by time-proven platform stability that guarantees the safety of assets and data.
VISA/Mastercard: * USD - 2.99% * GBP - 2.99% * EUR - 2.99% * RUB - 5% + ₽ 15.57 Bank Transfer: None SEPA: None.
CEX is authorized as an MSB by FinCEN and has a Level 2 PCI DSS data security clearance. CEX shows a required level of security and due diligence for storage, processing and transmission of payment card data.
Best Bitcoin Wallets for Kenya.
After buying bitcoin from an exchange, it's important to withdraw to your own non-custodial wallet for security, privacy, bitcoin
and to have full control over your bitcoin.
Coinbase is an easy iOS & Android crypto and NFT wallet. Buy, sell, and self-custody directly from the app.
Ledger Nano X is a secure hardware wallet that connects to your computer via USB.
Electrum is a popular desktop Bitcoin wallet which is compatible with Windows, Mac, and Linux.
Coinmama is a leading cryptocurrency exchange that allows you to buy and sell bitcoin and other cryptocurrencies with a credit card and/or bank transfers.
Coinmama is a leading cryptocurrency exchange that allows you to buy and sell bitcoin and other cryptocurrencies with a credit card and/or bank transfers. Since its foundation in 2013, it has grown to serve over 2 million customers across 188 countries and today has over 40 employees. Coinmama is a really simple exchange, which makes a perfect platform for safe, secure and quick transactions.
Coinmama is considered a reputable platform for btc bitcoin purchases.
Within 8 months of launching in July 2017, Binance quickly skyrocketed into the world's largest cryptocurrency exchange by trading volume, processing more than $1 billion on a daily basis.
Within 8 months of launching in July 2017, Binance quickly skyrocketed into the world's largest cryptocurrency exchange by trading volume, processing more than $1 billion on a daily basis. It’s rise to popularity can be attributed to the impressive number of cryptocurrencies they offer, professional attitude, friendly and transparent CEO, and low trading fees.
Binance is considered a safe cryptocurrency exchange. Binance provides 2-factor authentication and offers both multi signature wallets and cold storage options.
Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card.
Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card. All this is done through a convenient and clean user-interface and a quick registration via email or social media account. Changelly’s conversion mechanism is integrated into some of the biggest cryptocurrency platforms such as Poloniex, Bittrex, and Binance. There are no geographical restrictions to the service that Changelly provides, so it can be accessed from anywhere in the world.
Changelly does not have set fees due to the volatility of cryptocurrencies. By not having fixed fees on trades, Changelly avoids being accountable for risk and volatility. Additionally, without fixed rates, Changelly is able to charge lower commission fees.
Changelly offers two-factor authentication and an HTTPS security protocol. No user funds are stored by Changelly as all coins sent are processed to be exchanged and transferred to user wallets.
Buying bitcoin and cryptocurrencies in Kenya.
Buying bitcoin and other cryptocurrencies in Kenya is a simple process and usually takes less than 10 minutes to get fully setup.
The first step is to register with a platform, app or exchange and complete a Know Your Customer (KYC) process.
The exchange you choose will be interoperable with most devices, desktop and mobile, and will allow you to withdraw to your own personal hardware wallet.
here are also several options available for buying and selling without verification on P2P exchanges, although they are much less user-friendly and are recommended for more advanced users.
Requirements to buy cryptocurrency in Kenya.
Before purchasing, there are a couple of important things you'll need to prepare:
A passport, national identity card, or driver’s to complete the KYC process. A private and secure internet connection, public WiFi is not recommended as it may pose security problems. A mobile phone to verify your identity using two-factor Binance authentication (2FA). A bank account or credit card you can use to make fiat currency deposits to purchase cryptocurrencies. A crypto wallet to store your assets.