Best Crypto Brokers In Kenya

Best Crypto Brokers In Kenya

7 best Kenya-based crypto exchanges, reviewed

  1. eToro. Best for beginners, copy-trading & demo-account.
  2. Skilling. Best app for mobile trading.
  3. Binance. Best crypto platform for trading altcoins.
  4. AvaTrade. Best regulated broker for secure trading.
  5. Exness.
  6. OKX.
  7. Coinbase.

What is the best platform to buy cryptocurrency in Kenya?

There are 4 trusted exchanges operating in Kenya with the most popular being Binance , Kraken , and Coinmama. You can review each of these exchanges and find best exchange that works for you.

Which cryptocurrency is most traded in Kenya?

Kenya ranks sixth globally in terms of the adoption of cryptocurrencies, according to the Chainalysis 2021 Global Crypto Adoption Index. Kenya had the largest volume in Africa in 2020, coming second only to Nigeria, with Bitcoin trades totaling approximately 6.48 billion Kenya shillings (Insight, 2021).

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.

Is Binance legal in Kenya?

It’s important to always follow the recommended safety guidelines and take measures to protect your funds and personal information when trading on Binance P2P. Binance is not licensed to carry on business in Kenya and does not intend to obtain any regulatory authorisations in Kenya.