What is Bitcoin?
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.”
Every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake.
That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system.
Places To Buy Bitcoin In Kenya
Yellow Card Financial Kenya | Buy and Sell Bitcoin in Kenya
Service options: Online appointments · On-site services
Address: Nairobi, Kenya
Hours: Open 24 hours
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
- Register. Register an account with LocalBitcoins.
- 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.
- Select an advertisement.
- Pay the seller
- Mark payment complete.
Which of the Bitcoin wallet Kenya is using?
eToro is our top pick for the best crypto wallet in 2022. It’s a multi-asset platform allows you to buy, sell, and store cryptocurrencies and trade other assets such as stocks, ETFs, etc.
Is Coinbase available in Kenya?
Yes, Coinbase is available in Kenya, and remains one of the world’s most popular peer-to-peer exchanges for crypto. You can find more info on this crypto marketplace in our step-by-step guide on exchanges above.