How To Buy Bitcoin In Kenya
Embedded Files
Protect your digital assets with 🔐 Ledger Nano X, the ultimate hardware wallet designed for maximum security 🛡️ and ease of use 🚀
Get 4 TOP exchanges in Kenya were you can Buy and Sell bitcoin in security.
By Michel Akili Last updated: September 18, 2024 7 Min Read
BINANCE
MEXC
BUYBIT
KUCOIN
Binance
With over 205 million users, Binance is the most widely used Bitcoin exchange in Kenya. It's very simple to use and lets you purchase and sell Bitcoin with a variety of payment options.
MEXC
MEXC Exchange has gained significant popularity in Kenya due to its robust security measures, wide range of supported cryptocurrencies, and user-friendly interface. MEXC’s acceptance of local payment methods, including M-PESA, further contributes to its prominence in the crypto community.
Buybit
Bybit, founded in 2018, has rapidly become one of the world’s most popular cryptocurrency exchanges. With over 15 million users across 160 countries, Bybit offers a wide range of features, including spot trading for over 1,200 digital assets and access to more than 200 futures contracts with up to 100x leverage.
KUCOIN
KuCoin is a global cryptocurrency exchange that offers spot, futures, margin, and leveraged trading for over 700 coins. With low fees, high security, and 24/7 customer service, it provides a platform for users to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. You can start trading with as little as $1 on KuCoin. If you’re interested, you can sign in to KuCoin and explore their services. They also have a mobile app available on Google Play for convenient trading.
Buying Cryptocurrency in Republic of Kenya Today
Conditions to purchase cryptocurrencies in Kenya
There are a few crucial things you should do before making the purchase:
To finish the KYC process, present a passport, national identity card, or driver's license.
While public WiFi can't provide a private and secure internet connection, it is not advised to use due to potential security risks.
A smartphone to use two-factor authentication (2FA) to confirm your identity.
A credit card or bank account with which you can fund your cryptocurrency purchases with fiat money. Or you can also use lokal currency to buy und sell in case of P2P Binance, MEXC and Kucoin.
A cryptocurrency wallet to hold your holdings.
Although almost all exchanges come with built-in wallets, for maximum protection, you should withdraw your cryptocurrency to a cold wallet of your own.
How to Purchase Bitcoin in Kenya
1. Register for an exchange account.
You can register for any of the four reliable exchanges offered in Kenya, the most well-liked ones being Binance and Kucoin.
Both exchanges are thought to be user-friendly for beginners and provide a range of cryptocurrency options along with several deposit options.
Examine the "info" tab on the exchanges mentioned above to determine which one is the best fit for you. Exchanges vary in terms of costs, security, payment options, and other features.
Your final decision regarding the platform will be based on your preferences as well as the cryptocurrencies and payment methods that it accepts.
It's also crucial to remember that you can always register for additional exchanges at a later time.
2. Finish the procedure of KYC verification.
As part of the Know Your Customer (KYC) procedure, you will be required to authenticate your identity and address after registering with an exchange. Nearly all exchanges in Kenya are legally required to comply with this rule.
You must have your photo ID on hand in order to take images of the document's front and back in order to finish this stage.
Your verification will typically be accepted right away; it might take as little as one or two days at most.
3. Deposit fiat money.
You must link a bank account, credit card, or your mobile number to the exchange in order to start purchasing bitcoin and other cryptocurrencies.
Binance, Kucoin and Mexc accept a number of payment methods, including bank account, debit card, credit card, Airtel money, M-Pesa and wire transfer.
The time it takes for the money to reach the exchange could range from a few minutes to several days, depending on the method of payment.
4. By Bitcoin
When the funds in your account are available, you can purchase your first bitcoin. It's crucial to remember that purchasing an entire bitcoin is not necessary.
You may purchase bitcoin or any other cryptocurrency for as low as a few dollars on the majority of exchanges.
Google Sites
Report abuse