Best Cryptocurrency Apps to Use in Kenya
The cryptocurrency phenomenon has taken the world by storm in recent years, with exponential growth. Whether it's Bitcoin, Ethereum, Ripple, or another altcoin, it's impossible to deny the significance of these currencies in the future of how we buy and sell goods and services. So, if you want to be ahead of the curve and invest in cryptocurrencies before they become more mainstream, you should download one of these cryptocurrency apps in Kenya now! Here are our recommendations for the best cryptocurrency apps available in Kenya right now.
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If you want to trade cryptocurrencies on a centralized exchange, Binance is probably your best bet. Users have access to a comprehensive set of trading tools, as well as multiple order types and margin trading. Binance is also one of the few cryptocurrency exchanges that provides mobile apps. Although it is based in China and currently only supports English, it has some of the most advanced security features in its market.
Users must still create an account on their website, but they are not required to store any information on their servers or give up any data by using Binance services. Instead, all sensitive data is encrypted and stored locally on the device of each user. This makes gaining access to accounts much more difficult for hackers. Another advantage of Binance is that their fees are relatively low when compared to other exchanges.
There are no deposit fees for cryptocurrency deposits, but there is a small fee for deposits in fiat currency, such as converting USD to cryptocurrency. The withdrawal fee varies depending on the coin and whether or not it is a popular coin. Bitcoin is typically less expensive than other currencies. According to their FAQ page, Binance, like other centralized exchanges, does not currently allow margin trading, but we expect them to introduce these features in the future once they have established themselves as a reputable platform in the crypto space.
This app simplifies the purchase, sale, and storage of Bitcoin. Its in-app crypto-to-fiat conversion rate calculator is one of its most useful features. Luno can help you figure out exactly how much fiat currency you'll need to spend whenever you want to buy something with your digital coins. This can come in handy when trying to pay a bill or settle up at an ATM.
The app also includes price trend charts so you can quickly determine whether buying or selling cryptocurrency is better for your wallet. Another outstanding feature of Luno is its security protocols, which ensure the safety and security of all transactions. With so many recent hacks making headlines, online safety is a top priority for any app that deals with money.
There's no reason to risk losing everything because someone gained access to your account. Luno uses Google Authenticator as a second layer of authentication, which is another security must-have in addition to strong encryption protocols. Overall, if you live in Kenya and want an easy way to start trading cryptocurrency, Luno should be at the top of your list.
This is a popular cryptocurrency exchange in Kenya. With a few taps on their phones, users can trade Bitcoin, Ethereum, and several other cryptocurrencies. The app itself has an easy-to-use interface and numerous features, such as a news feed and price charts for your favorite cryptocurrencies. It also has direct access to CEX's order books and displays live orders.
You can even buy coins by simply entering your phone number. CEX.io is by far one of Kenya's best cryptocurrency apps right now because it provides direct access to some of the most popular assets available, as well as an easy-to-use interface that makes purchasing cryptocurrency easier than ever.
You don't even need to leave your house or have any trading experience; all you need to do is enter how much money you want to spend and then confirm a purchase. CEX.io will send you tokens within 10 minutes or less if you send money from your bank account or credit card. Then you can either hold onto them until they rise in value or sell them right away if you believe they will rise soon. The app is compatible with Android and iOS devices.
Find out more about cryptocurrency exchanges. Determine how many crypto coins you can purchase using your country's fiat currency. Choose from hundreds of crypto coins and digital tokens, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, and others. Real-time price data for over 2000 cryptocurrencies is available. Examine exchange rates to see if there are any arbitrage opportunities between cryptocurrencies.
This app will allow you to keep track of such arbitrage opportunities very easily so that you can exploit them quickly before they disappear. You will also be able to track all your transactions across all exchanges in one place, as well as view their balances at any given time. You can also send payments directly from within the app using several popular cryptocurrencies.
It has a built-in QR scanner allowing you to pay for things with Bitcoin or other supported currencies by just scanning a QR code. There are no deposit or withdrawal fees either making it one of few free peer-to-peer trading platforms available today. With its simple user interface, Kraken offers a seamless experience when managing multiple accounts while still providing advanced charting tools and real-time market data feeds all within reach of traders’ fingertips!
By far, Changelly is one of the best cryptocurrency web-based services that allow you to buy any supported coin i.e., it supports over 100 coins. The platform charges a 5% fee for all transactions, which is relatively low compared to other exchanges. More importantly, its mobile app works smoothly and allows you to trade on the go.
This comes in handy when traveling abroad and don’t have easy access to your laptop. So, if you are interested in buying cryptocurrencies, definitely give Changelly a shot! And remember, it only takes about 10 minutes to sign up!
It is regarded as one of the most rapidly growing cryptocurrency trading platforms. Coinmama is one of the top ten cryptocurrency exchanges by volume, with $400 million in monthly transactions and over 3 million registered users from nearly 200 countries. Many Kenyans use it to purchase bitcoin for local payments such as airtime or to save for retirement.
It’s also an easy entry point for new crypto users who are just looking to dip their toes into digital currency without too much risk. It accepts payment via credit card or debit card both with additional fees but its exchange rate is among some of the lowest in Africa. You can purchase up to $5,000 worth of bitcoins daily. The company is based in Israel but has spread its wings across Africa, Asia, and South America.
Final Thoughts
To summarize, if you live in Kenya and are interested in cryptocurrency, I hope you find some value in these apps. While their administrators work hard every day to improve them, there may be something missing that you believe deserves to be mentioned. We'd like to know about it! Please leave a comment below and tell us which cryptocurrency apps you recommend to Kenyans. We'll include it if we can find it!
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