What is a Bitcoin?
Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.
It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.
Best Bitcoin Brokers In Kenya
A well-regulated broker, Avatrade provides a reliable, user-friendly environment for trading cryptocurrency on its innovative mobile app – AvaTradeGO. AvatradeGO allows traders to view their trades at a glance, create watchlists, and view live prices and charts. It also allows traders to trade on more than 250 instruments, including 8 cryptocurrencies on its mobile app.
Avatrade supports cryptocurrency trading 24/7, which means that traders can operate on the weekend. Furthermore, unlike many other brokers that restrict clients by only allowing crypto to crypto trading, Avatrade clients can trade cryptos against Fiat currencies (USD, EUR, and JPY). Lastly, Avatrade offers some of the lowest trading costs on cryptocurrencies, but leverage is limited to 20:1.
There are three main advantages of trading crypto with HFM: Leverage of up 1:50 is available on the most popular pairs (such as BTC/USD and ETH/USD) and unlike Forex trading cryptocurrency can be traded 24 hours a day seven days a week.
Finally, both the BTC/USD and the BTC/EUR are available on HFM’s dedicated copy trading account, HFCopy. This is particularly good for traders who are new to the cryptocurrency market, which is notoriously volatile. Copying more experienced crypto-traders allows beginners to understand the risks of trading these markets while making a profit.
A well-regulated Australian broker, Eightcap offers low-cost trading on a broad range of cryptocurrency pairs on the MT4 and MT5 trading platforms. With over 250 cryptocurrencies, Eightcap has one of the largest sets of crypto pairs in the industry, including crypto-crosses and crypto indices.
Eightcap also boasts some of the tightest crypto spreads, with Bitcoin at 12 USD per coin and Ethereum at 0.45 USD per coin. Additionally, leverage is higher than many other cryptocurrency brokers, up to 20:1, where clients can open trading accounts with a 100 USD minimum deposit.
Admirals, formerly known as Admiral Markets, is an Australian broker offering trading on a wide range of assets, including 40+ Forex pairs, 32 cryptocurrency CFDs, metals, energies, commodities, indices, shares, ETFs, and bonds.
Cryptocurrency trading is offered on both the MT4 and MT5 trading platforms, but traders can only choose between four crypto pairs on MT4. For the full range of 32 cryptocurrencies, traders must use MT5. Cryptocurrency assets include 22 cryptocurrency pairs crossed with Fiat currencies and 10 cryptocurrency cross pairs. The minimum deposit on the trading accounts is 100 EUR/GPB/AUD, leverage on crypto is up to 2:1, and trading is open 24/7 on pairs with EUR and digital crosses.
A well-regulated market maker, BDSwiss offers 20 cryptocurrency pairs available for trading, including Bitcoin, Litecoin, Ripple, and Ethereum. No commissions are charged, and BDSwiss offers leverage of up to 5:1. With a broad range of other tradable assets on three live accounts, BDSwiss offers full support for MT4, MT5, and its bespoke BDSwiss Webtrader application, featuring an extensive set of analysis tools and advanced charting.
The BDSwiss Trading academy and its associated market analysis materials are the best in the industry. Curated by a team of renowned market analysts and professional traders that provide 24/5 market news coverage, it is well-recognised by the global industry and its research team is often featured in world-leading publications and financial news outlets.
Is Kenya allowed to buy Bitcoin?
You can buy bitcoin from anywhere in the world, including in Kenya. All you need to do is research the best platforms to buy bitcoins in Kenya to avoid scams.
Which platform to use for Bitcoin in Kenya?
The best crypto exchange for beginners in Kenya is Capital, followed by Kraken. Both are ideal for beginners because they verify accounts instantly, have easy-to-use trading platforms, and provide great customer support in case you need any help along the way.
How can I buy Bitcoins instantly in Kenya?
To buy Bitcoin on Remitano, first sign up for an account at Remitano.com, select a seller from the available list, input the amount of BTC, and pay the price in Kenyan Shilling via instant bank transfer. Your Remitano wallet will be funded once the seller confirms receipt of funds.