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how can i buy bitcoin in kenya

how can i buy bitcoin in kenya

how can i buy bitcoin in kenya插图

Can I use Bitcoins in Kenya?

In Kenya, Bitcoins are not commonly used so they are suitable for traders who engage in online business (for instance, they can be used for buying products online). Unlike Paypal, Mobile and Digital Banks, Bitcoin is not controlled by any person or government. What Can I use Bitcoins for in Kenya.

Which companies accept bitcoin as a payment?

Some of the top companies that allow use of Bitcoin currency to purchase there products and services include ( WordPress, Microsoft , Reddit, Namechap, Expedia, Newegg, Bloomberg, Shopify, Badoo e.t.c) Find full list of companies that accept Bitcoin payments in this page. NOTE: Unlike Paypal, Bitcoin transactions cannot be reversed.

Should I buy Bitcoin or shares?

Like shares, you can acquire Bitcoins and wait for the price to rise and sell them. Bitcoin prices do Flactuate and if you are patient, you can make some pretty good money ( For instance, You can buy Bitcoins at $50 and sell them when they are going at t $100 ( read case story on Bloomberg)

Here are the top exchanges to purchase bitcoin safely in Kenya, handpicked and updated by our team

This site is free to use.
We may earn a commission if you purchase bitcoin from some of the exchanges listed. Read our full disclaimer.

Bonus Step!

Now that you finally have your precious bitcoin, it’s not a great idea to leave it on an exchange. To avoid losing your wealth in exchange hacks, move the crypto funds to your personal wallet.

4 Extremely important things to look for when choosing your exchange

There are incredibly large amounts of scammers and hackers in the crypto space, due to the decentralized nature of cryptocurrencies. It has been extremely important since day 1 to do your research before buying Bitcoin and the need for analysis is becoming more crucial every single day.

Step 1. Choose where to buy Bitcoin

A cryptocurrency exchange is a website that allows you to buy and sell cryptocurrencies. They operate similarly to stock trading platforms.

Step 2. Create an account on an exchange

Once you have selected an exchange from the table below, you can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address.

Step 3. Fund your account

To buy Bitcoin, you will first need to deposit money into your exchange account or link a credit or debit card.

Step 4. Buy Bitcoin

First things first – you don’t have to buy a whole Bitcoin. Most exchanges will let you buy as little as $10 worth, maybe even less. Simply type in how much you want to spend in KES, and let the exchange calculate the rest.

Step 5. Withdraw to wallet

Once you have purchased your Bitcoin, you should consider moving it off the exchange to your own Bitcoin wallet.

The risks of buying Bitcoin

You wouldn’t invest in shares without doing your research first, so make sure you understand some essential facts about Bitcoin before you buy:

What is Paxful exchange?

Paxful is a peer-to-peer bitcoin exchange that connects buyers and sellers in one central point. The platform also allows traders to buy bitcoin using Kenya shillings. They rate the reputation of sellers same as LocalBitcoins, thus it’s important to choose buyers with high ratings.

What is remitano bitcoin?

This company just recently entered the Kenyan market. Remitano is a peer-to-peer bitcoin exchange which allows you to buy and sell bitcoin through an escrow service. You’ll need to sign up using your email address to buy bitcoin on Remitano’s platform. After account verification, you can access a list of local buyers and sellers and place orders instantly. Remitano acts as an escrow account to ensure transactional security. Once the transaction is complete, bitcoins will appear on your Remitano wallet.

Is Bitpesa a bitcoin exchange?

Bitpesa provides a bitcoin cross-border payment platform that doubles up as a bitcoin marketplace. This company is the most established and well-funded bitcoin startup in Africa. To trade on the exchange you’ll need to register and go through the standard processes of verification. This exchange requires you upload a picture of your ID for verification. You can then buy bitcoin in Kenya shillings as yourself, a different person or a contact you’ve used before.

How many Bitcoins are there in 2019?

April 23, 2019 at 1:36 pm. According to statista, In the first quarter of 2019, there were 17.6 million Bitcoins in the world. The maximum supply limit of Bitcoin is 21 million. Reply.

What is Bitcoin used for in Kenya?

What are Bitcoins Used for in Kenya. Bitcoin is a digital currency that is used to purchase products and pay for services online. Having Bitcoins is like having cash in the internet though you can convert them to solid cash anytime. In Kenya, Bitcoins are not commonly used so they are suitable for traders who engage in online business …

Where are bitcoins stored?

Your bitcoins will be stored in your LocalBitcoins account. You can always check your bitcoin balance anytime in your account. You can also use the same account for buying and selling bitcoins.

What companies accept Bitcoin?

Some of the top companies that allow use of Bitcoin currency to purchase there products and services include ( WordPress, Microsoft , Reddit, Namechap, Expedia, Newegg, Bloomberg, Shopify, Badoo e.t.c) Find full list of companies that accept Bitcoin payments in this page.

Can you buy Bitcoin and sell them?

Like shares, you can acquire Bitcoins and wait for the price to rise and sell them. Bitcoin prices do Flactuate and if you are patient, you can make some pretty good money ( For instance, You can buy Bitcoins at $50 and sell them when they are going at t $100 ( read case story on Bloomberg)

How to create a free account on a website?

On the top menu of the website click signup for free then create account.

Can I use Bitcoin in Kenya?

In Kenya, Bitcoins are not commonly used so they are suitable for traders who engage in online business (for instance, they can be used for buying products online). Unlike Paypal, Mobile and Digital Banks, Bitcoin is not controlled by any person or government. What Can I use Bitcoins for in Kenya.

What is Coinmama exchange?

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, …

What is Coinmama trusted?

Trusted. 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 Trusted. Buy Bitcoin with Coinmama.

Why do you withdraw bitcoins after buying?

After buying bitcoin from an exchange, it’s important to withdraw to your own non-custodial wallet for security, privacy, and to have full control over your bitcoin.

When was OKcoin founded?

OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the more dominant platforms for Bitcoin trading.

Is Kraken part of Coinbase?

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.

When did CEX start?

CEX.io. 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.

Does OKcoin have SSL?

OKCoin integrates bank-level SSL security encryption. In addition, cold storage for the majority of their cryptocurrency, GSLB and distributed servers, and real-time account monitoring of deposits and withdrawals.