What is a Bitcoin Wallet?
A cryptocurrency wallet is a device, physical medium, program, or service that stores the public and/or private keys for cryptocurrency transactions.
In addition to this basic function of storing the keys, a cryptocurrency wallet more often offers the functionality of encrypting and/or signing information.
Best Bitcoin Wallet In Kenya
1. Coinbase Wallet- A Perfect Bitcoin Wallet for Beginners.
Coinbase Wallet is the official wallet of the cryptocurrency exchange Coinbase. It is a hot wallet that stores your private keys on a server.
It’s perfect for beginners because it’s easy to use and has various features, including a built-in exchange. You can buy, sell, and store your cryptocurrencies all in one place.
Coinbase offers a variety of features, including a built-in exchange, a sophisticated trading platform, and support for popular altcoins.
The Coinbase mobile app is available for both Android and iOS. It’s simple to use and allows you to purchase, trade, and exchange cryptocurrencies on the move.
2. ZenGo Wallet – Best for Simplicity and security:
ZenGo is a Bitcoin & cryptocurrency wallet that offers the simplest and easiest way to buy, sell, send, receive, and store your cryptocurrencies.
There are no complicated addresses or seed phrases to remember. Instead, your account is protected by cutting-edge encryption and unique personal facial biometrics.
This means your personal information is safe and secure, and you can be confident that your funds are protected.
3. eToro Wallet – Best Overal:
eToro is a one-stop shop for all your cryptocurrency needs. With over 5 million users worldwide, it’s one of the most popular cryptocurrency wallets.
eToro allows you to develop and implement your investment strategy on the platform.
The user-friendly experience coupled with a deep data set is fantastic for new or inexperienced traders, as visiting the website or app isn’t necessary.
4. Exodus Wallet – Best for Beginners:
Exodus is one of the most popular cryptocurrency wallets, with over 2 million users worldwide. And it’s no wonder – Exodus is one of the most accessible wallets, especially for beginners.
Exodus’s intuitive and straightforward interface makes it easy to manage your cryptocurrency portfolio. It also offers a built-in exchange to trade cryptocurrencies directly from your wallet.
Exodus Wallet also offers support for hardware wallets such as Trezor and Ledger. This means that your private keys are stored offline and are well-protected against hacking.
Exodus supports over 100 cryptocurrencies, including popular coins like Bitcoin, Ethereum, Litecoin, and Monero. And with its 24/7 customer support, you can rest assured that help is always available if you need it.
5. Trust Wallet – User-Friendliness & Ease Of Use:
Trust Wallet is an iOS and Android wallet for ERC20 tokens and the Ethereum blockchain.
The Trust Wallet app is developed by the Binance team, one of the largest cryptocurrency exchanges in the world.
The Trust Wallet interface is very user-friendly and easy to use. There are no complicated features or options, making it an excellent choice for beginners.
The Trust Wallet app is available for both Android and iOS.
6. Mycelium Wallet – Best for Advanced Users:
Mycelium is a hot wallet that stores your private keys on a server. It’s an excellent choice for advanced users looking for an easy-to-use yet powerful cryptocurrency wallet.
Mycelium supports many cryptocurrencies, including popular ones such as Bitcoin, Ethereum, Litecoin, etc.
It also has an excellent mobile app available for both Android and iOS.
7. BitGo Cryptocurrency Wallet – Best for Security:
BitGo is a cryptocurrency wallet that offers industry-leading security features. It is one of the few wallets that support multiple signatures, making it ideal for storing large amounts of bitcoins.
BitGo also offers two-factor authentication and other security features, making it one of the most secure wallets available.
The BitGo mobile app is available on Android and iOS.
8. Ledger Nano S – Best Hardware Wallet:
Ledger Nano S is a hardware wallet that stores your private keys on a physical device. It’s one of the most popular and well-reviewed hardware wallets.
The Ledger Nano S supports a wide range of cryptocurrencies and comes with built-in support for ShapeShift, which allows you to exchange one cryptocurrency for another without leaving the wallet.
The device is easy to use and comes with a user-friendly interface. It’s also one of the most secure wallets available, making it an excellent choice for storing ample bitcoins.
9. Trezor Model T – Best for Security & Ease Of Use:
The Trezor Model T is one of the most user-friendly cryptocurrency wallets with a sleek, minimalist design and an intuitive user interface. But don’t let its simplicity fool you – the Trezor Model T is a powerful device with unmatched security features.
The Trezor Model T supports over 1,000 cryptocurrencies, making it one of the most versatile wallets. And with its built-in touchscreen display, you can quickly view your transaction history and verify all outgoing transactions.
The Trezor Model T is your wallet if security is your top priority.
10. Electrum – Best for Advanced Users:
If you’re looking for a wallet with advanced features and customization options, look no further than Electrum.
Electrum is a free and open-source software wallet that offers advanced security features. It is one of the most popular cryptocurrency wallets on the market, packed with features that allow you to tailor your experience.
For example, you can choose which server to connect to, set custom transaction fees, and even enable two-factor authentication for an extra layer of security.
Which Bitcoin app works in Kenya?
Paxful is one of the best ways to get your hands on BTC. Buy Bitcoin in Kenya cheaply, enjoy zero transaction fees, and use over 450 ways to pay – including bank transfers, M-Pesa, Chipper Cash, and PayPal.
Is Bitcoin legal in Kenya?
Currently, the Kenyan government does not recognize crypto as a legal tender, and has in the past sternly warned that they are unregulated, highly speculative, and volatile, which puts them at great risk of losing value.
How much does a bitcoin cost in Kenya?
Right now, 1 Bitcoin is worth about KES 3,741,910.34.
How many people own bitcoin in Kenya?
Roughly 8.5% of the Kenyan population or 4.25 million people own cryptocurrencies, ranking the nation fifth in the world in global adoption of crypto, according to a report by the United Nations.