Top 8 Locally Based Brokers
8 Best Apps for Cryptocurrency Trading in Kenya
The 8 Best Apps for Cryptocurrency Trading in Kenya revealed. We tested the best forex trading platforms for Kenyan Traders.
This is a complete guide to Apps for Cryptocurrency Trading in Kenya.
In this in-depth guide you’ll learn:
- What is a App for Cryptocurrency Trading?
- Which forex traders offer the best Apps for Cryptocurrency Trading for Kenyan traders?
- Which Apps for Cryptocurrency Trading can you use with M-PESA?
- How to compare the Apps for Cryptocurrency Trading against each other.
- Which Apps are best for beginner Kenayn Traders?
- Which brokers offer a sign-up bonus for first-time traders in Kenya?
- Which brokers offer a low minimum deposit of $5 (583 KES) to start trading?
- Which apps offer a mobile app on IOS and Android for Kenyan Traders?
And lots more…
So if you’re ready to go “all in” with the best-tested Apps for Cryptocurrency Trading…
Let’s dive right in…
- Louis Schoeman
8 Best Apps for Cryptocurrency Trading in Kenya
| 🥇 Broker | ✔️ IOS Compatible? | ✔️ Android Compatible? | 💰 Kenyan Shilling Account? | 👉 Open Account |
| 1. eToro | Yes | Yes | Yes | 👉 Open Account |
| 2. Bittrex | Yes | Yes | No | 👉 Open Account |
| 3. Binance | Yes | Yes | No | 👉 Open Account |
| 4. Coinbase | Yes | Yes | Yes | 👉 Open Account |
| 5. Uphold | Yes | Yes | Yes | 👉 Open Account |
| 6. Kraken | Yes | Yes | No | 👉 Open Account |
| 7. Crypto.com | Yes | Yes | No | 👉 Open Account |
| 8. Gemini | Yes | Yes | No | 👉 Open Account |
What are Crypto Trading Apps?
👉 A crypto trading app is a mobile application that is designed to provide Kenyans access to the cryptocurrency market from the palm of their hand.
👉 Several brokers and exchanges offer powerful proprietary trading software and many now include a crypto trading app to reach a larger market share in Kenya and the world.
👉 Crypto trading apps are comprehensive and often include several functions such as account registration and management, deposit and withdrawal options, market analysis, watchlists, customized alerts, charting capabilities, and more.
1. eToro
Overall Rating
- 4.8/5
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overview
👉 In terms of cryptocurrency, eToro is a 100% crypto broker (at least for American traders, though others can trade stocks). The eToro app, which is compatible with both iOS and Android, connects traders to a plethora of different markets.
👉 The top ten digital assets by market cap are included, along with many more. You can buy and sell 63 different cryptocurrencies on eToro, including several that are not available on other brokerage applications like Tezos, Uniswap, and Polygon.
👉 The app does not take a cut of your total purchase price as some others do but instead adds a flat spread markup of 1% no matter what cryptocurrency you buy.
👉 In addition to supporting a broad number of crypto assets, eToro also allows deposits from a wide variety of payment methods, such as wire transfer, debit/credit card, and PayPal.
Fees
➡️ Commission-free
➡️ Mark-up of 1%
Coins offered
👉 eToro offers more than 63 coins that can be bought and sold, including popular names such as Bitcoin, Ethereum, Dogecoin, and more.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| eToro has a strict and solid regulatory framework | There are limitations on leverage for retail traders |
| Client fund safety is guaranteed and there is consumer protection offered | There is a limited selection of retail investor accounts |
| eToro offers commission-free trading | Fixed spreads are not offered |
| There are over 2,000 complex instruments that can be traded | The spreads are not the tightest |
| The broker offers several trading opportunities and a social trading feature | There is a high minimum deposit on the Islamic Account |
| There is an award-winning proprietary platform offered | There is an inactivity fee charged on dormant accounts |
| eToro offers 24/6 dedicated customer services | |
| eToro offers a demo account and an Islamic Account | |
| Algorithmic trading and margin trading supported | |
| Real time quotes are offered alongside a wide range of benefits | |
| The mobile app is secure and features robust security such as two-factor authentication | |
| The app can be used as a wallet app for digital currencies | |
| Offers several resources that help traders make improved financial decisions with confidence | |
| Offers several helpful tools and services as a solid basis for investment decision along with investment advice | |
| Provides access to several popular cryptocurrencies that can be traded and crypto staking services | |
| There is a comprehensive portfolio management service and popular investor program offered |
2. Bittrex
Overview
👉 Bittrex is a popular cryptocurrency exchange due to its ease of use and cheap fee rates, especially for high-volume traders. Commissions range from 0.25% to 0.35% for trades totalling less than $50,000 per month but drop precipitously over that level.
👉 Additionally, Bittrex does not impose any fees on US Dollar or Automated Clearing House (ACH) deposits or withdrawals.
👉 Bittrex’s selection of over 330 different cryptocurrencies for trading is enough to please even the most ardent crypto fans. Bitcoin, Ethereum, and Dogecoin are all included, along with a slew of other, less well-known cryptocurrencies.
👉 When deciding on a cryptocurrency exchange, it is crucial to ensure that your funds are kept safe. Thankfully, Bittrex is top-notch in this regard.
👉 Bittrex was formed by three computer security experts who saw the need for a secure cryptocurrency exchange. This marketplace takes various precautions to safeguard its customers’ money, including:
➡️ Fund Insurance
➡️ Coins are kept in cold storage offline
➡️ Kenyans can easily set up approved withdrawal addresses linked to their account.
Fees
➡️ The fees that Kenyans can expect are from 0.35% and the higher the trading volume, the more these fees are reduced.
Coins offered
👉 Bittrex offers over 330 coins, and this will include popular coins such as Bitcoin, Ethereum, Dogecoin, XRP, Litecoin, and countless others.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Bittrex is a highly secure exchange with an excellent crypto asset collection. | Bittrex’s customer support receives many bad reviews. |
| The fees are low, and they decrease as trading volumes increase. | Navigation of the crypto exchange could be challenging for beginners. |
| Kenyans can access a range of advanced trading tools along with educational material. |
3. Binance
Overview
👉 Binance is a top cryptocurrency exchange because of how cheap its transactions are.
👉 There is a flat cost of 0.10%for traders who have transacted less than $50,000 in the last 30 days, and further reductions in fees for higher volume traders. There is also a 25% reduction in trading costs if you pay using Binance’s native currency, BNB.
👉 If you want to trade the most popular coins, you should not experience any problem doing so at Binance, where you can also trade 393 cryptocurrencies.
Fees
➡️ Binance charges 0.10% per transaction, which is reduced for high-volume traders.
➡️ There is a 25% discount when traders pay their fees using the native token BNB.
Coins offered
👉 Binance offers a wide range of coins including the popular Bitcoin, Ethereum, XRP, Cardano, Solana, Dogecoin, and many others.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Binance has a simplified sign-up process | The withdrawal fees can be expensive |
| Support is given for credit and debit card purchases | Binance has a history of hacking events |
| Free deposits are offered | |
| The trade execution is lightning-fast | |
| Binance offers lucrative on-site staking |
4. Coinbase
Overview
👉 Coinbase is a specialist cryptocurrency exchange that permits the trading of 209 digital currencies as of the most recent count. This range will certainly satisfy your crypto craving, since it contains most of the popular currencies, including Bitcoin.
👉 Unfortunately, Coinbase has lately obscured the fee structure on its website, making it more difficult to determine how much you will pay to trade.
👉 When visible, the pricing structure was, to say the least, convoluted. You would pay a spread markup of around 0.5% plus a transaction charge based on the transaction amount and financing source.
👉 Fees for Coinbase Pro begin at 0.6% for transactions under $10,000, reduce to 0.15% for up to $100,000 in volume, and then continue to decrease.
👉 Coinbase’s Advanced Trade plan, which includes features like in-depth technical analysis and greater security, is priced for users with higher transaction volumes and higher risk tolerance.
👉 Coinbase Pro will be discontinued in the fourth quarter of 2023, and its capabilities will be migrated to Advanced Trade.
Fees
➡️ The fees that Kenyans can expect are 1.99% on Coinbase and 0% – 0.60% on Coinbase Pro.
➡️ There is a $2 account minimum.
Coins offered
👉 Coinbase offers over 209 different coins which include the Top 10 according to market capitalization such as Bitcoin, Litecoin, Ethereum, Solana, Cardano, and others.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Coinbase is a beginner-friendly option | Transaction fees are extremely high |
| Supports a range of crypto assets | There have been reports of issues with customer support |
| Traders can easily earn on their holdings | There is a limited selection of altcoins that can be exchanged |
| Coinbase Pro offers lower fees | |
| Coinbase is one of the largest platforms in the industry and has robust security |
5. Uphold
Overview
👉 Uphold is a cryptocurrency platform that provides a vast array of financial goods and services to consumers in 184+ countries. It enables users to buy, sell, and exchange over 100 cryptocurrencies and other assets.
👉 Uphold provides a unique financial experience that distinguishes it from other cryptocurrency exchanges.
👉 Users may also acquire U.S. stocks and precious metals in addition to cryptocurrencies. Additionally, the platform enables you to trade between currencies without having to convert your assets back to cash.
👉 In addition to a unique trading experience, Uphold provides consumers with a cashback debit card that enables them to make payments using the platform’s assets.
👉 Kenyans could, for instance, opt to pay with crypto or fiat cash. In addition, Kenyans can easily trade on Uphold’s desktop platform or mobile applications, which are accessible for both Android and iOS.
👉 The user interface is straightforward for novice traders, giving it a viable alternative for individuals just starting started with cryptocurrencies.
Fees
➡️ Uphold does not charge commissions.
➡️ Uphold charges spreads from 0.8% to 1.2% for the most widely traded cryptocurrencies and much more for those with lesser liquidity. When market volatility is high, spread costs may rise.
➡️ For individual accounts, both deposits and withdrawals are free.
➡️ Withdrawing to an external wallet could incur crypto network costs. However, this is standard across all service providers.
Coins offered
👉 Uphold supports the buying, selling, and trading of approximately one hundred different currencies. The cryptocurrency market currently includes Bitcoin, MIOTA, XLM, XRP, Bitcoin, Litecoin, Ethereum, and more.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Kenyans can easily buy and trade several instruments across asset classes including crypto, equities, and precious metals. | There is a limited number of digital assets offered. While 100 is a decent amount, other exchanges offer many more options. |
| Uphold has an extremely transparent fee schedule. | There are no advanced trading features offered such as advanced charting. |
6. Kraken
Overview
👉 Kraken is a cryptocurrency trading platform that was established in San Francisco in 2011. It has now expanded to other locations across the globe. It serves users from all around the globe, including the United States.
👉 Kraken facilitates low-cost bitcoin trading for both retail and institutional customers. Kraken is a leading cryptocurrency exchange that facilitates the buying, selling, and exchange of dozens of different cryptocurrencies, including Bitcoin and Ethereum.
👉 Kraken is a cryptocurrency exchange where you can buy and sell digital currency at market prices as well as utilize more high-risk items like margin accounts and futures trading.
👉 Kraken is an excellent option for newcomers because of the wide variety of currencies it supports and the minimal fees it charges.
👉 Because the exchange supports the Kraken Instant Buy platform, buying and selling are simplified. Kraken Pro, which is aimed at more sophisticated users, offers reduced fees of 0.16% for makers and 0.26% for takers for transactions of $50,000 or less.
Fees
➡️ Kraken charges transaction fees of 0.9% for stablecoins.
➡️ Transaction fees on other coins are 1.5%.
➡️ Kraken Pro charges minimized maker fees of 0.16% and taker fees of 0.26% for transactions up to $50,000.
Coins offered
👉 Kraken offers over 197 different coins that include Cardano, XRP, Uniswap, Sushi, Solana, Ethereum, Bitcoin, and more.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Kraken is popular because of sophisticated features such as margin trading and staking | Kraken only accepts a few fiat currencies |
| There are prompt customer support channels offered | There have been past reports regarding hacked accounts |
| There are low Bitcoin withdrawal fees | |
| There is a massive range of educational resources | |
| Kraken is known for its high liquidity and robust security |
7. Crypto.com
Overview
👉 Trading, investing, staking, wallets, NFTs, and more are all possible on Crypto.com, an exchange for digital currencies. More than 222 different currencies could be traded here with low costs and with discounts for large Crypto.com Coin holders (CRO).
👉 It could be an excellent option for individuals who want to accomplish a lot with their cryptocurrency because of the extensive ecosystem of crypto-related items that supports it.
👉 Crypto.com makes it easy for beginners to purchase and sell cryptocurrencies, while its costs are higher than those of other rivals.
👉 Users may safely keep their cryptocurrency in the Crypto.com DeFi wallet while also benefiting from incentives on their holdings. More than 222 different cryptocurrencies are available for trading on Crypto.com.
👉 The Crypto.com mobile app, which is compatible with both Android and iOS smartphones, serves as the service’s nerve centre. If you are used to trading stocks from your phone, you will find the process to be natural and uncomplicated.
👉 The Crypto.com app provides easy access to your holdings and a curated list of the most popular cryptocurrencies and tokens. The Crypto.com credit card, Crypto.com debit card, and the ability to exchange currencies through the mobile app are all available to you.
👉 If you want to maximize your cryptocurrency benefits, you could apply for a Crypto.com Visa Card.
Fees
➡️ Users making their first trades on Crypto.com who have not yet staked CRO will be charged 0.4% of their entire trading volume for the month if it is less than $25,000.
➡️ In the absence of CRO staking, higher-volume traders may benefit from costs as low as 0.04% as a maker or 0.1% as a taker.
➡️ If you have at least 5,000 CRO in your wallet, your trading costs will be discounted. The rate for monthly volume up to $25,000 is thereafter 0.36%. There is a discount for making a higher initial investment.
➡️ com offers inexpensive pricing due in part to the lack of per-trade fees charged by most of its rivals.
Coins offered
👉 Crypto.com offers more than 222 coins, more than most exchanges, which provides Kenyans with versatility and unlimited trading opportunities.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Crypto.com is known for charging low trading fees and for providing leveraged crypto trading up to 1:10. | The platform may be very intimidating for beginners. |
| Kenyans can easily convert their money on the platform, and it is a great option to use for crypto payments. | The coins offered on the platform are not available universally. |
| Kenyans who have holdings on the platform can earn interest from this. | There have been some complaints about customer support. |
| Crypto.com is one of the most secure platforms and offers a native coin, Cronos. | There is a limited selection of educational materials. |
8. Gemini
Overview
👉 After having trouble locating a reliable bitcoin wallet, Tyler and Cameron Winklevoss established Gemini in New York in 2014.
👉 Ever since its inception, Gemini has relied on its four pillars of success: product, security, licensing, and compliance. It seeks to gain and keep customers’ confidence by providing a trustworthy, lawful environment for trading cryptocurrencies.
👉 Gemini has a smaller selection of cryptocurrencies than larger exchanges, but it nevertheless hosts a hundred different assets. Some of the most well-known assets, as well as some lesser-known coins, are available for buying, selling, and trading on the platform.
👉 You could trade easily and quickly on the go using Gemini’s website or mobile app. Gemini’s straightforward buy/sell option and comprehensive help website are excellent features for newcomers.
👉 ActiveTrader’s high-end charting capabilities, variety of order types, and speedy trade execution make it a top choice for seasoned investors.
👉 Two-factor authentication, wallet address authorization, and the ability to examine and authorize devices used for login are just some of the usual security measures offered by Gemini.
👉 Users must complete the know-your-customer (KYC) verification procedure by uploading a government-issued picture ID to get access to the full range of trading services available on the platform.
👉 These measures are being taken to lessen the number of fraudulent transactions on Gemini. All of Gemini’s services, including account management, depositing funds, and trading cryptocurrency, are accessible through the website and native Android and iOS applications.
👉 Trading can be done on the road or at home using the company’s ActiveTrader platform, which is compatible with both desktop and mobile browsers.
👉 Managing your own Gemini account is something you will need to get used to. Although there are channels for getting help, you are responsible for learning your way around this exchange and its platforms.
Fees
➡️ Gemini’s fees are structured differently from those of most other exchanges, which typically use a maker/taker fee model with escalating rates. Transaction costs are conditional on trading volume and the kind of exchange used.
➡️ Gemini features separate pricing structures for mobile and desktop use.
➡️ There is a maximum fee of $2.99 for transactions above $50 but less than $200 and a maximum fee of 1.49% for trades of $200 or more.
➡️ Even though the costs on this exchange are laid out clearly, the underlying structure is more complex than what you may find on other exchanges. It also has higher prices than many of its rivals in the same field.
Coins offered
👉 Gemini only offers an average number of assets of 102 coins and while this is much lower than competitors, it includes some top names including Bitcoin, Dogecoin, Ethereum, Gemini Dollar, XRP, Uniswap, and more.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Gemini is known for its robust security measures | In terms of market prices, Gemini’s fees are remarkably high |
| There are over 100 cryptocurrencies that can be traded | The exchange could be a bit confusing for complete first timers |
| There is a very user-friendly interface that will not confuse beginners | |
| There are several advanced options for expert traders | |
| Kenyans can earn up to 8% APY on their crypto balance through Gemini Earn |
How to choose the Right Crypto Trading App in Kenya
👉 Security, trading volumes, instructional materials, and the availability of the cryptocurrencies you want to purchase are just a few of the other factors to think about when deciding on the best cryptocurrency exchange for your requirements beyond costs.
Security
👉 Due to its increasing use and value, crypto has become a prime target for cybercriminals. Many tens of millions of dollars have been stolen from prominent cryptocurrency exchanges.
👉 Although victims of cryptocurrency theft are regularly compensated by exchanges, no one wants to be in that situation. By purchasing cryptocurrency from different exchanges, you may spread out your risk.
👉 Alternately, you might make it a routine to withdraw your cryptocurrency holdings from the exchange’s default wallet and store them in a separate, safe “cold” wallet.
👉 These are offline solutions, making them exceedingly difficult to breach, but you will need to remember your passcode or risk losing access to your crypto forever.
Customer Support
👉 If you are new to cryptocurrency investment, you must have access to customer care around the clock. Nobody likes to comb through pages of frequently asked questions to get assistance when money has not been deposited into their account.
Range of Coins Offered
👉 Examine the accessible cryptocurrencies on a certain exchange with care. You could be all right utilizing a cryptocurrency exchange that trades merely a few coins. But if you want to purchase a particular currency or want to invest in smaller coins, you will need an exchange with a diverse selection.
Trading Volume and Activity
👉 The supply of coins alone is insufficient if no exchanges are taking place. You should check that there is an adequate trading volume in your desired currencies to provide liquidity, allowing you to exchange your coins and dollars with ease.
👉 Low-volume marketplaces may be detrimental to sales. Slippage is when an order is placed when there is insufficient demand. You could purchase at a greater price or sell at a cheaper price than desired.
👉 If you are a skilled crypto trader, you might want to ensure that your desired exchange has the trading orders according to your specific strategy, such as limit orders, which could minimize slippage by establishing a fixed price.
The Chance to Earn Interest on Holdings
👉 Several cryptocurrency exchanges allow you to earn interest on your coins. Ensure that you comprehend and are comfortable with the method of interest generation.
👉 The exchange may lend out your funds or pay you staking fees if you agree to leave your coins unattended for a certain time.
Education and research
👉 If you are new to cryptocurrency, you should seek a user-friendly platform with a wealth of instructional materials to assist you to comprehend this complicated, fast-evolving industry. In addition, look for an app that provides charting, technical indicators, and several other useful tools.
Ease of Use
👉 As the number of individuals who want to invest in cryptocurrencies has increased, the development of cryptocurrency applications has accelerated. However, this rapid expansion has sometimes come at the expense of user-friendliness.
👉 Ensure that the app provides the functions you need, and if you have never traded before, choose user-friendly software.
Accessibility
👉 Lastly, do not assume that an exchange is accessible in your nation or state just because you can visit its website. Numerous state and federal governments are currently determining how they will legally and fiscally manage cryptocurrencies.
The Best Crypto Brokers in Kenya
👉 In this article, we have listed the best brokers that offer crypto trading to traders in Kenya. We have further identified the brokers that offer additional services and solutions to Kenyan traders.
Best Crypto Broker for beginners in Kenya
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 KES
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, IG is the best Crypto broker for beginners in Kenya. IG is a fully authorized stock brokerage firm with over 321,000 clients worldwide. IG provides a multitude of accessible and up-to-date teaching materials for novice traders.
Best Low Minimum Deposit Crypto Broker in Kenya
Overall Rating
- 4.8/5
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, HF Markets is the best Low Minimum Deposit Crypto Broker in Kenya. The HF Markets Micro Account has lower trading costs than the entry-level accounts provided by many rival brokers. Kenyans can start trading with a minimum deposit of 590 KES.
Best ECN Crypto Broker in Kenya
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11560 KES
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Tickmill is the best ECN Crypto broker in Kenya. Tickmill, a reputable ECN broker, delivers the quickest transaction execution at the most affordable prices. Kenyans may pick from a variety of flexible account types and convenient payment options for quick and easy account funding.
Best Islamic / Swap-Free Crypto Broker in Kenya
Overall Rating
- 4.5/5
Min Deposit
USD 1 / 116 KES
Regulators
IFSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, SuperForex is the best Islamic / Swap-Free Crypto broker in Kenya. SuperForex provides Islamic accounts to Kenyan Muslim traders.
👉 Traders can also access Managed Accounts via SuperForex Bank, and Crypto Copy facilitates social trading.
Best Kenyan Shilling Trading Account Crypto Broker in Kenya
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 1156 KES
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Exness is the best Kenyan Shilling trading account Crypto broker in Kenya. Exness provides Kenyans with a selection of account options and the option to open a KES-denominated account.
👉 Kenyans can also expect competitive trading conditions on crypto, along with access to MT4, MT5, and the Exness’ proprietary app.
Best Lowest Spread Crypto Broker in Kenya
Overall Rating
- 4.7/5
Total Pairs
60+ ECN pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, ACY Securities is the best lowest spread Crypto broker in Kenya. ACY Securities provides zero-pip spreads on more than 1,800 tradable assets and offers zero-pip spreads to Kenyans.
👉 There are STP and NDD trade execution methods involved, and ACY Securities provides an abundance of social trading options through Finlogix.
Best NDD Crypto Broker in Kenya
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11560 KES
Regulators
CySec, ASIC, FCA, BVI FSC, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5, Markets.com propietary platform
Crypto
Yes
Total Pairs
67
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Markets.com is the best NDD Crypto broker in Kenya. Markets.com is a popular NDD broker that offers Kenyan traders user-friendly trading software and a variety of handy trading tools.
👉 Kenyans have access to a variety of financing alternatives, and novices will discover several trading tips and tutorials to help them get started.
Best STP Crypto Broker in Kenya
Overall Rating
- 4.6/5
Min Deposit
USD 5 / 578 KES
Regulators
FCA UK
Trading Desk
None
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, OctaFX is the best STP Crypto broker in Kenya. OctaFX is a favourite among scalpers who could pick between STP and ECN pricing due to its quick transaction executions. OctaFX’s copy trading services have a minimum initial commitment requirement and are open to anybody.
Best Sign-up Bonus Broker in Kenya
Overall Rating
- 4.7/5
Min Deposit
USD 1 / 116 KES
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (16 373 KESFind out More)
Account Activation Time
24 Hours
👉 Overall, FBS is the best sign-up bonus broker in Kenya. FBS is renowned for having some of the finest sign-up incentives for new traders and has widespread popularity in Africa. FBS gives Kenyan crypto traders a dedicated crypto account with attractive spreads.
Conclusion
👉 Trading digital currencies is an alternate approach to earning a passive income from anywhere in the world. Most Kenyan users can easily trade cryptocurrencies on their mobile applications since all they need is a mobile device connected to the internet.
👉 However, the cryptocurrency industry is fraught with scams, and therefore Kenyans must ensure that they select a quality trading app that has superior security measures, a range of features, education, many coins, easy deposit and withdrawal options, and superior customer support.
FAQ
How can I get crypto in Kenya?
You can purchase cryptocurrency from a cryptocurrency exchange such as Coinbase, Kraken, Binance, and several others available to Kenyans.
Which crypto wallet is the best for Kenya?
The Coinbase and Crypto.com native wallets are some of the most secure wallets for Kenyans.
Does Coinbase accept M-Pesa?
No, Coinbase does not currently accept M-Pesa.
How can I make money on crypto?
You can make money from buying crypto at a low price and selling it once it has appreciated. You can also earn interest from your holdings on some exchanges.
Another way for you to earn money is by staking your holdings, allowing you to be rewarded for providing liquidity to an exchange.
When I buy crypto, where does the money go?
If you buy cryptocurrency from a crypto exchange, the money that you paid for the digital asset will go to them.
If you buy from another trader, the money will go to them and if there is an intermediary facilitating the exchange, a portion of what you paid for the crypto will go to them.
