Best Bitcoin App In Kenya

What is a Bitcoin App?

Bitcoin is a decentralized digital currency. Bitcoin transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain.

The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto

Best Bitcoin App In Kenya

1. LocalBitcoins:

LocalBitcoins is a peer-to-peer crypto trading platform based in Finland. It allows people to place ads for buying and selling bitcoins on the platform while they give their trading terms and conditions, choose a payment method, and set their rates. 

2. Paxful:

Paxful is another reliable P2P crypto trading platform where you can buy and sell Bitcoin among peers. 

This platform allows users to advertise their bitcoin and set their price and terms of the trade, including payment method. Transactions on Paxful are secure by the escrow system and its high-security protocol.

Additionally, there are no extra fees for buying bitcoins on Paxful. 

3. Binance:

I’m sure you have often heard about the Binance crypto trading platform. It is unarguably the biggest crypto exchange platform in the world, with more than 1 million trades daily. 

Binance holds the record for the highest number of active users, liquidity, and web traffic, according to the CoinMarketCap cryptocurrency portal. 

The platform also invented its native crypto coin called the Binance coin. 

4. Bitzlato:

It was formally known as ChangeBots before it was renamed Bitzlato. It is a modern and user-friendly peer-to-peer (P2P) crypto exchange in Russia. The platform allows users to trade some crypto. I’m using Bitcoin at zero commissions and intermediaries. 

Bitzlato is also available as a regular exchange that supports over twenty crypto-to-crypto exchanges, allowing users to exchange their crypto at low rates.

5. Remitano:

Remitano is an escrowed peer-to-peer crypto platform where users can buy and sell crypto with crypto or fiat currency.

The platform offers users a secure environment to connect and facilitate their exchange. Users can fix their trade terms and conditions, payment methods, and rates.

6. Luno:

Luno is an online crypto trading platform that makes crypto trading easy and fun. The Luno platform has a small coin selection and few features, but it lives up to its motto, which says cryptocurrency is for everyone. 

Luno has a unique, simple, and friendly user interface, making it appealing to users.

7. Bitpesa:

Bitpesa is another crypto platform you will love to buy Bitcoin from. It uses blockchain to lower the cost of businesses and increase their speed within and outside sub-Saharan Africa. 

Bitpesa offers services to dozens of African bank networks and mobile money operators. This covers Kenya, Nigeria, Uganda, Tanzania, DRC and Senegal.

8. Coindirect:

Coindirect is a P2P marketplace and crypto exchange where people can easily and seamlessly buy and sell cryptocurrencies.

The platform seeks to leave the legacy of being the finest portal service for all traders by ensuring the quick and seamless trading of cryptocurrencies and tokens.

More than thirty digital currencies are listed on the platform, including XMR, EOS, IOTA, ETH, BTC, and TRON.

9. BuyCoins Africa:

This platform is another good crypto marketplace where you can buy Bitcoin. 

BuyCoins platform supports major cryptocurrencies like Bitcoin, Ethereum, Litecoin, USD Coin, and USD Tether.

You can buy Bitcoin through the platform’s P2P service or directly from the platform. 

You can also download the mobile app available on both Android and iOS.

10. Yellow Card:

Yellow Card is another good crypto exchange in which you can easily buy or sell supported cryptocurrencies with your local currency.

The only supported cryptocurrencies on Yellow Card are BTC, ETH, and USDT.

Users are assured of the safety of their assets on this platform through a digital wallet that can be used to securely send, receive, and store digital assets. 

Which bitcoin app works in Kenya?

Kenya has 4 trusted exchanges available for you to sign up for, with the most popular being Binance and Kraken, which account for a combined 99,000,000 active users. After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.

Which banks in Kenya accept Bitcoin?

Domestic and international money transfer services in Kenya are regulated by the Central Bank of Kenya Act and other legislation.

In this regard, no entity is currently licensed to offer money remittance services and products in Kenya using virtual currency such as Bitcoin.

How do I buy Bitcoins in local bitcoin Kenya?

How to Buy Bitcoin

  1. Register. Register an account with LocalBitcoins
  2. Search for advertisements. Go to the main page and in the search box fill in the form with the amount you want to buy in your currency, your location, and choose a payment method.
  3. Select an advertisement.
  4. Pay the seller.
  5. Mark payment complete.

Does Kenya invest in Bitcoin?

Kenya is the leading African country amongst 10 countries globally in terms of cryptocurrency holdings and blockchain- related transactions.