Best MT4 Broker
with the Lowest Fees

FREE Video
Trading Tutorials

$100 Minimum
Deposit

Accepts Kenyan
Traders

Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here
7 Best Bitcoin Trading Platforms in Kenya

7 Best Bitcoin Trading Platforms in Kenya

The 7 Best Bitcoin Trading Platforms in Kenya for Kenyans revealed. We tested the best Bitcoin Trading Platforms for Kenyan Traders.

This is a complete guide to Best Bitcoin Trading Platforms in Kenya.

In this in-depth guide you’ll learn:

  • What is a Best Bitcoin Trading Platforms?
  • Which forex traders offer the best Bitcoin trading platforms for Kenyan traders?
  • Which Bitcoin Trading Platforms can you use with M-PESA?
  • How to compare the Best Bitcoin Trading Platforms against each other. 
  • Which Bitcoin Trading Platforms 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 Bitcoin trading platforms 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 Bitcoin Trading Platforms

Let’s dive right in…

10 Best Forex Brokers in Kenya

#1

$100

Minimum Deposit

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#2

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#3

CySEC, FSA, FCA, FSC, FSCA, CMA

$10

#4

FSA, CySEC, FSCA, FSC

$1

#5

FSC, DFSA, CySEC, ASIC, CMA

$5

#6

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#7

FSCA, FSC, FSA

$10

#8

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

#2

$100

Minimum Deposit

#3

$10

Minimum Deposit

#4

$1

Minimum Deposit

#5

$5

Minimum Deposit

#6

$0

Minimum Deposit

#7

$10

Minimum Deposit

#8

$10

Minimum Deposit

#9

$5

Minimum Deposit

#10

$5

Minimum Deposit

Updated : March 3, 2023

7 Best Bitcoin Trading Platforms in Kenya (Updated 2024)

  1. Kraken
  2. Gemini
  3. Binance
  4. Coinbase
  5. FTX
  6. KuCoin
  7. Bitfinex

What are Bitcoin Trading Platforms and Exchanges?

👉 These are platforms that facilitate the trade of Bitcoin and connect buyers and sellers. Traders can purchase and sell Bitcoin using a market order or a limit order, much like on a regular stock exchange.

 

👉 When a trader uses a market order, the exchange is permitted to sell the coins at the best available rate on the online market.

 

👉 Platforms for Bitcoin trading connect buyers and sellers, and traders can place market or limit orders to purchase or sell Bitcoin, just like on a regular stock exchange. Choosing a market order gives the trader permission to trade the coins at the best price on the online market.

1. Kraken

Kraken

Overview

👉 Kraken is one of the more seasoned crypto exchanges on the market, having been founded only two years after Bitcoin. Although age is not necessarily an indicator of quality, Kraken provides a platform with top-notch security.

 

👉 Kraken is an exchange for cryptocurrencies where Bitcoin and Ethereum may be purchased and sold. Kraken is one of the oldest Bitcoin exchanges that offer the buying, selling, and trading of more than 197 different currencies at affordable exchange rates.

 

👉 Notable is that it supports both spot trading at current market prices and Bitcoin futures trading. Kraken’s superior security, reduced trading costs, and variety of accessible cryptocurrencies make it a suitable option for both novice and experienced cryptocurrency investors.

 

👉 The goal is to prevent losing major portions of your investment capital to spot trading costs by not becoming a novice for too long. Under the basic edition of Kraken, the trading charge for stablecoins is 0.9% and the trading fee for all other cryptocurrencies is 1.5%.

 

👉 More seasoned crypto investors may be eager to use Kraken’s variety of currencies. Users may use the stake and margin services. Investors get access to margin trading in addition to the coins accessible to everyone.

 

👉 This sort of trading is a hazardous form of investing that enables you to use your current assets as collateral to borrow money to finance acquisitions. Margin can provide exponentially bigger returns, but it also exposes you to margin calls, which can result in enormous losses if prices collapse abruptly.

 

Features and Information

💻 Platform Criteriaℹ️ Information
📊 Exchange Score7.5
📈 Market Ranking#4
⏰ Average Trading Volume (24h)US$420,174,800
💧 Average Liquidity722 BTC
👥 Average Regular Visitors (Weekly)1,619,546
💻 Markets Offered602
✅ Coin Offering197
✔️ Fiat Currency SupportedUSD, EUR, GBP, and several others

 

Pros and Cons

✔️ Pros ❌ Cons
Kraken is popular because of sophisticated features such as margin trading and stakingKraken only accepts a few fiat currencies
There are prompt customer support channels offeredThere 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

2. Gemini

Gemini

Overview

👉 Gemini was created in 2015 as a cryptocurrency trading platform with many buying and selling options, catering to both novice investors and experienced traders.

 

👉 If you are looking for a sleek, straightforward, and safe cryptocurrency exchange, Gemini may be a good option. Gemini facilitates the purchase, sale, and storage of Bitcoin and other cryptocurrencies.

 

👉 Gemini is the first worldwide accredited SOC 1 Type 2 and SOC 2 Type 2 Bitcoin exchange. Gemini is one of the top cryptocurrency exchanges in the U.S., and it has its own cryptocurrency, the Gemini dollar.

 

👉 It facilitates the purchase, sale, and storage of Bitcoin and other cryptocurrencies. Gemini is a cryptocurrency exchange that enables trading in over 100 cryptocurrencies and has several unique features. In addition, the Gemini platform is accessible through the website and a mobile application.

 

👉 Gemini stores the bulk of Bitcoin in its offline cold storage facility. Since cold storage servers are not linked to the internet, they cannot be hacked.

 

👉 Gemini stores a tiny amount of cryptocurrency in an online hot wallet, which is also insured. As they are kept online, the coins saved in the hot wallet are easily accessible.

 

👉 The assets of Hot Wallet are covered against losses resulting from security breaches, fraudulent bank transfers, employee theft, etc. Gemini Earn, Gemini Pay, Gemini Wallet, and other offerings enable investors to access a more unified environment than other exchanges may provide.

 

👉 Whenever you purchase or sell cryptocurrency on Gemini, you will incur both a convenience and a transaction fee. These costs are the same whether you purchase via Gemini’s website or mobile app. Both will be presented as your “quoted price” before completing your purchase.

 

Features and Information

💻 Platform Criteriaℹ️ Information
📊 Exchange Score6.7
📈 Market Ranking#10
⏰ Average Trading Volume (24h)US$58,357,669
💧 Average Liquidity632 BTC
👥 Average Regular Visitors (Weekly)387,411
💻 Markets Offered126
✅ Coin Offering102
✔️ Fiat Currency SupportedUSD, GBP, EUR, and others

 

Pros and Cons

✔️ Pros ❌ Cons
Gemini is known for its robust security measuresIn terms of market prices, Gemini’s fees are remarkably high
There are over 100 cryptocurrencies that can be tradedThe 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

3. Binance

Binance

Overview

👉 Binance is one of the biggest cryptocurrency exchanges in the world, offering minimal costs, access to hundreds of coins, and complex tools for expert investors. Binance, a cryptocurrency exchange founded in 2017 by Changpeng Zhao, has its own cryptocurrency called Binance Coin.

 

👉 Binance allows customers to buy cryptocurrencies directly using fiat currency or a credit card. Binance is accessible through its website, desktop client, and mobile app. Binance’s trading costs are the lowest of any major exchange.

 

👉 Both buyers and sellers pay a 0.1% charge, and this can be reduced if your 30-day trading volume exceeds 50 Bitcoin (BTC) or if you have more than 50 Binance Coin (BNB) in your Binance account.

 

👉 Aside from the network cost, it is always free to deposit assets into your Binance account. Binance’s withdrawal costs differ based on the asset being withdrawn. In addition, minimum withdrawal amounts apply.

 

👉 Binance provides a variety of passive income opportunities with varying degrees of risk. You can easily earn 30% or more APR on some cryptocurrencies via its staking program, or you can place assets in a flexible savings account for lower but more stable rates.

 

👉 The site offers more betting possibilities and bigger pay-outs than many other exchanges. Binance facilitates the setting of limit orders to purchase or sell cryptocurrencies at a fixed price.

 

👉 Binance also has a “convert” option for novice users and a sophisticated trading interface with graphing capabilities for skilled traders. Its Bitcoin futures feature allows users to guess whether the Bitcoin price will increase or decrease.

 

👉 Additionally, Binance offers leveraged tokens, which allow users to quadruple their bets in each currency. Leverage trading is dangerous since it may magnify losses and, in certain instances, force traders to lose their whole position.

 

Features and Information

💻 Platform Criteriaℹ️ Information
📊 Exchange Score9.9
📈 Market Ranking#1
⏰ Average Trading Volume (24h)US$15,948,394,708
💧 Average Liquidity854 BTC
👥 Average Regular Visitors (Weekly)20 million+
💻 Markets Offered1,684
✅ Coin Offering393
✔️ Fiat Currency Supported46 including USD, AUD, AED, etc.

 

Pros and Cons

✔️ Pros ❌ Cons
Binance has a simplified sign-up processThe withdrawal fees can be expensive
Support is given for credit and debit card purchasesBinance has a history of hacking events
Free deposits are offered
The trade execution is lightning-fast
Binance offers lucrative on-site staking

4. Coinbase

Coinbase

Overview

👉 Coinbase offers a straightforward and simplified interface that makes it simple to buy, sell, trade, and transfer Bitcoin, Ether, and a range of other cryptocurrencies. As a publicly traded corporation, it is among the most established, well-capitalized, and popular Bitcoin trading platforms.

 

👉 Nonetheless, trading costs are greater and more difficult than on other exchanges. We believe the platform’s simplicity and ease of use are worth the extra costs only if you intend to conduct occasional and minor transactions.

 

👉 Coinbase claims that it has never lost customer cash and that it stores 98% of its crypto assets in offline cold storage. The FDIC insures Coinbase account balances in US currency, and Coinbase has a $320 million private insurance coverage for any crypto assets it controls.

 

👉 Coinbase’s first-quarter financial report raised eyebrows with a new disclaimer noting that custodial cryptocurrencies might be used to pay off creditors in the event of bankruptcy.

 

👉 Unlike other crypto exchanges, Coinbase provides live phone service in addition to email support, which may provide new crypto investors with an extra degree of confidence.

 

👉 There is also a library of well-written and useful material for beginners. Except for Hawaii, Coinbase is accessible to residents of all US states.

 

👉 For spot trades (real-time cryptocurrency transactions), Coinbase charges between $0.99 and $2.99 for trades up to $200, and a flat 1.49% fee for trading over $200, and in addition, Coinbase imposes a 0.5% “spread” fee.

 

👉 Using a debit card to purchase cryptocurrency incurs a large 3.99% cost. However, funding your Coinbase account with an ACH transfer is free, while a deposit by wire transfer costs $10.

 

👉 The advanced version of the platform, Coinbase Pro, operating on a separate app and website, has cheaper costs but a less intuitive design that is not suitable for novices.

 

Features and Information

💻 Platform Criteriaℹ️ Information
📊 Exchange Score7.9
📈 Market Ranking#3
⏰ Average Trading Volume (24h)US$ 1,625,080,393
💧 Average Liquidity681 BTC
👥 Average Regular Visitors (Weekly)1.9 million+
💻 Markets Offered573
✅ Coin Offering209
✔️ Fiat Currency SupportedUSD, EUR, GBP

 

Pros and Cons

✔️ Pros ❌ Cons
Coinbase is a beginner-friendly optionTransaction fees are extremely high
Supports a range of crypto assetsThere have been reports of issues with customer support
Traders can easily earn on their holdingsThere 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. FTX

FTX

Overview

👉 FTX is a cryptocurrency exchange that focuses on trading and offers a vast array of products, including derivatives, options, volatility products, and leveraged tokens.

 

👉 The FTX platform provides several features that experienced traders and professional trading organizations will find helpful, while also providing spot trading that beginners in the cryptocurrency market would find useful.

 

👉 The cryptocurrency exchange went live in May 2019, and it gives its customers access to a wide variety of innovative trading instruments, including over 280 currencies, Bitcoin options, over 45 leveraged tokens, 20 perpetual swaps, MOVE contracts, and more.

 

👉 The exchange also offers access to conventional spot trading and enables transactions in fiat currency and a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and a few stablecoins.

 

👉 FTX seeks to serve both retail and institutional traders and offers a variety of goods and services geared at more committed traders.

 

👉 The site also offers an over-the-counter (OTC) option for those interested in making big crypto transactions, while the mobile app is ideal for those who want to monitor their accounts on the move.

 

👉 As an emerging platform for trading crypto derivatives, FTX has been drawing customers at an astounding pace by offering a vast selection of innovative trading products.

 

👉 Additionally, the exchange has been the first to introduce several novel trading products, such as leveraged tokens and MOVE contracts, which have helped to distinguish FTX.

 

👉 The team caters to both retail and institutional traders and offers good trading features such as minimal fees and narrow spreads, as well as an OTC desk, robust customer care assistance, TradingView charts, and mobile applications for IOS and Android.

 

👉 FTX also offers innovative MOVE contracts, which function as futures and expire based on the amount BTC moves in a certain time (daily, weekly, or quarterly).

 

👉 This enables account users to speculate on Bitcoin’s movement and profit regardless of direction. With MOVE contracts, the primary determinant of a contract’s value is the total volatility of the BTC price over a certain time.

 

Features and Information

💻 Platform Criteriaℹ️ Information
📊 Exchange Score8.1
📈 Market Ranking#2
⏰ Average Trading Volume (24h)US$1,650,286,393
💧 Average Liquidity731 BTC
👥 Average Regular Visitors (Weekly)4,775,720
💻 Markets Offered420
✅ Coin Offering285
✔️ Fiat Currency SupportedUSD, EUR, GBP, and several others

 

Pros and Cons

✔️ Pros ❌ Cons
The platform is known for its competitively low feesWithdrawal fees are extremely high
Staking is available on the platformThere is no live chat support offered
There is an innovative mobile app on iOS and Android for Kenyans
There is an NFT marketplace offered
FTX donates 1% of all fees to different charities globally

6. KuCoin

KuCoin

Overview

👉 KuCoin is a cryptocurrency exchange founded in 2017 and located in Seychelles. Since its inception, it has become one of the greatest worldwide exchanges in terms of trading volume, with over 10 million members and a presence in over 200 countries.

 

👉 Kenyan KuCoin users can easily access their accounts through a website or mobile applications for Android and iOS. Its desktop website and mobile applications provide a wealth of features and functions.

 

👉 Once connected to KuCoin on a PC or mobile device, users may browse markets, purchase cryptocurrencies, trade cryptocurrencies, and more. The platform offers market, limit, stop-limit, and stop-market order types.

 

👉 Margin, futures, and peer-to-peer trading are also offered, which can be advantageous to Kenyans. In addition, KuCoin allows staking and has recently launched a Trading Bot tool to streamline the trading process, functioning as a Robo-advisor for your Bitcoin portfolio.

 

👉 KuCoin’s maker/taker fee structure is tiered, with trading charges ranging from 0.0125% to 0.1% dependent on your tier level. In comparison to its rivals, who could charge up to 0.50% for every transaction, its fees are quite cheap.

 

👉 Kenyans can also get trading fee savings depending on the amount of KuCoin Token (KCS) they own. In addition to trading costs, KuCoin imposes withdrawal fees, which vary per asset and are subject to change depending on market performance.

 

👉 This exchange accepts free deposits, but it is crucial to note that KuCoin provides limited fiat deposit possibilities at this moment.

 

Features and Information

💻 Platform Criteriaℹ️ Information
📊 Exchange Score7.3
📈 Market Ranking#5
⏰ Average Trading Volume (24h)$655,628,354
💧 Average Liquidity554 BTC
👥 Average Regular Visitors (Weekly)2,864,323
💻 Markets Offered1,354
✅ Coin Offering727
✔️ Fiat Currency Supported47 including USD, AED, and others

 

Pros and Cons

✔️ Pros ❌ Cons
Kenyans can easily earn interest on their crypto through KuCoinThere are some poor user reviews on KuCoin
There is a wide selection of tradable coins
The fees charged are competitive
Over 47 fiat currencies are supported

7. Bitfinex

Bitfinex

Overview

👉 Bitfinex is a reputable cryptocurrency exchange geared for traders with experience. This exchange provides several complex features, cheap fees, and support for more than 170 coins. Bitfinex was launched in 2012, making it one of the oldest accessible cryptocurrency exchanges.

 

👉 This exchange, which is designed for professional and institutional traders, has some of the greatest BTC/USDT volume in the industry, in part because of the 100x leverage it gives traders.

 

👉 Bitfinex features many order types, leverage trading, and over-the-counter (OTC) trading, making it a great platform for experienced traders seeking complex options and moderate costs. The Bitfinex panel is easy to use for expert traders.

 

👉 The order form is on the left-hand sidebar, where users can also pick various marketplaces and see their balances. The user-customizable interface contains the popular charting application TradingView charts.

 

👉 Payment options for people wishing to acquire cryptocurrencies include bank transfer or wire transfer, cryptocurrency deposit, and several third-party payment processors.

 

👉 Bank transfer deposits and withdrawals are only accessible for confirmed Bitfinex accounts, and withdrawals of fiat currencies normally take up to 10 business days.

 

👉 Bitfinex is one of the few platforms that permit cryptocurrency shorting and leveraged trading tactics. In addition to the thorough portfolio monitoring capabilities provided by the Bitfinex Reporting App, these services are also available to professionals.

 

👉 Bitfinex has competitive fees, although they are not the lowest in the business. While most traders will pay between 0.1 and 0.2% for each transaction, individuals with huge trading volumes may see their costs approach zero.

 

👉 Users who trade more than $7,500,000 per month can execute maker transactions for free. Also eligible for discounts are individuals who have USDt LEO in their accounts.

 

Features and Information

💻 Platform Criteriaℹ️ Information
📊 Exchange Score7.3
📈 Market Ranking#6
⏰ Average Trading Volume (24h)$208,952,454
💧 Average Liquidity633 BTC
👥 Average Regular Visitors (Weekly)919,000
💻 Markets Offered384
✅ Coin Offering174
✔️ Fiat Currency SupportedUSD EUR, GBP

 

Pros and Cons

✔️ Pros ❌ Cons
Bitfinex is the ideal platform for professional Kenyan tradersBitfinex has been hacked twice
There is a range of advanced features and additional services offeredThe platform is not beginner-friendly
There are low fees for both trading activities and withdrawalsAccount verification can take exceptionally long
There is a decent selection of coins offered

How to choose the right Bitcoin Trading Platform in Kenya

How to choose the right Bitcoin Trading Platform in Kenya

👉 Trading cryptocurrencies is difficult. Using a cryptocurrency platform can make your life much simpler. However, since there are so many possibilities, including several that have just been for a few years, selecting the best one requires attention.

 

👉 Here are seven important considerations before Kenyans choose a crypto platform.

 

Robust Security

👉 It is no secret that cryptocurrency exchanges are prone to hacking, and one of the most well-known early exchanges, Mt. Gox, shut down in 2014 after $460 million in user funds were stolen.

 

👉 Most cryptocurrency exchanges include fundamental security measures like two-factor authentication, often employing Google Authenticator or Authy applications to provide a line of defence against phishing schemes or other forms of crypto theft.

 

👉 However, you can also keep an eye out for extra precautions. Today, more platforms enable biometric login, which verifies your identity using your smartphone’s face and fingerprint recognition.

 

👉 Major exchanges like Kraken and Gemini require you to provide government-issued documentation, such as a passport or driver’s license, when you register a new account to increase security and deter imposters.

 

👉 When you purchase or sell, alter financing levels, or make significant account adjustments like freezing your account, they also have extra layers of codes that must be validated.

 

Range of Coins

👉 Due to the rising popularity of cryptocurrencies, there are presently more than 20,000 distinct coins available.

 

👉 Make sure your exchange offers the digital assets you seek since not all exchanges do. Consider if you like a simpler or more complex menu and whether your main interests are Bitcoin, Ethereum, and the few popular DeFi tokens that power smart contracts.

 

👉 Large, well-known exchanges like Coinbase, Huobi Global, Gate.io and Kraken are excellent places to start since they provide a vast selection of currencies and tokens that can suit many Kenyan investors, from novices to seasoned traders.

 

Competitive Fees

👉 Cryptocurrency exchanges often charge a fee each time you deposit, trade, or withdraw money. Depending on the kind of transaction and your payment method, fees per trade might vary from 0% to 5%.

 

👉 The percentage that you pay often decreases as the amount of your transactions grows, and fee levels are typically dependent on your overall trading volume during a 30-day trading period.

 

Enough Liquidity

👉 Finding an exchange with liquidity – the ability to quickly convert your cash into coins, or vice versa – without incurring a significant markup, is crucial. This is particularly relevant given how quickly values fluctuate in the realm of digital assets.

 

👉 You will want to know if your purchase order is completed fast and at a price that is like the one you see quoted on your screen when the price of a coin you want to acquire is rising drastically and quickly.

 

👉 Looking at an exchange’s trade volume is the simplest method to identify this, and the larger the volume, the better.

 

👉 Additionally, you should search for a reputable exchange, which has a record of accomplishment of at least five years and goes to great lengths to demonstrate that it owns the assets it claims to hold on your behalf.

 

Find out about Insurance

👉 A cryptocurrency exchange’s first goal should always be maintaining strong digital security measures to stop hackers from stealing consumer funds.

 

👉 The excellent ones, though, will continue to maintain a sound insurance plan just in case. Nowadays, many exchanges have business crime insurance, which usually protects against dishonesty, theft, robbery, damage, and cybercrime.

 

👉 Gemini has $290 million in digital asset insurance on hand for certain losses. However, insurance differs significantly across exchanges, so it is critical to understand what they cover.

 

👉 You may find this information in the user agreement that you get upon sign-up and regularly in the FAQ sections on exchange websites.

 

Evaluate Tax Reporting

👉 Kenyans are required to file income tax returns under the Income Tax Act. Subsequently, any earnings and gains from trading or investing in cryptocurrencies, including Bitcoin, must be included in one’s taxable income for the year in which they were realized.

➡️ Therefore, to determine if tax forms will be delivered to you, you must search “crypto taxes” on the exchange’s or platform’s website or contact customer care.

The Best Bitcoin Brokers in Kenya

👉 In this article, we have listed the best brokers that offer Bitcoin trading to traders in Kenya. We have further identified the brokers that offer additional services and solutions to Kenyan traders.

 

Best MetaTrader 4 / MT4 Bitcoin Broker in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Desk

Metatrader 4 and Metatrader 5

Crypto

Yes

Total Pairs

45

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, OANDA is the best MetaTrader 4 / MT4 Bitcoin Broker in Kenya. OANDA gives customers access to a wide range of financial products, but it is best for experienced traders who want a great trading experience on their desktop.

 

👉 Even though OANDA promotes an automated engine that tries to closely track global prices, spreads are still affected by market volatility and liquidity.

 

Best MetaTrader 5 / MT5 Bitcoin Broker in Kenya

Overall Rating

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 MetaTrader 5 / MT5 Bitcoin Broker in Kenya. The MetaTrader 4 and 5 trading platforms that Tickmill gives its traders let them trade in a wide range of assets.

 

👉 Tickmill has won several high-profile awards for the quality of its services, and its low prices are well known.

 

Best Bitcoin Broker for beginners in Kenya

Overall Rating

Min Deposit

USD 50 / 5780 KES

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

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.

👉 Overall, eToro is the best Bitcoin Broker for beginners in Kenya. The large group of people who trade online at eToro come from more than 140 different countries.

 

👉 eToro is known for giving Kenyan traders who are just starting a lot of ways to learn. Kenyans can watch webinars, in-depth films, and plays that deal with a wide range of topics and issues.

 

Best Low Minimum Deposit Bitcoin Broker in Kenya

Overall Rating

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 Low Minimum Deposit Bitcoin Broker in Kenya. FBS is a licensed, low-risk broker that works all over the world and has many account types.

 

👉 This includes a starter account with no deposit and a crypto-only account with a minimum deposit of 110 KES.

 

Best ECN Bitcoin Broker in Kenya

Overall Rating

Min Deposit

USD 200 / 23120 KES

Regulators

ASIC 

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, IC Markets is the best ECN Bitcoin Broker in Kenya. IC Markets has spreads of 0 pips and some of the highest levels of liquidity in the industry.

 

👉 Kenyans can trade more than 2,000 financial items with the knowledge that they have access to low-latency connections and the latest trading technologies.

 

Best Islamic / Swap-Free Bitcoin Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, AvaTrade is the best Islamic / Swap-Free Bitcoin Broker in Kenya. AvaTrade is one of the best Dealing Desk brokers that gives Muslim traders an Islamic account. It also lets you trade halal in a few different markets.

 

👉 Also, Muslim traders who use this account to trade over 1,260 instruments do not have to pay any extra commissions or administrative fees.

 

Best Crypto Trading App in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

CMA, CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5, HFM Trading App 

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, HF Markets is the best crypto trading app in Kenya. HF Markets lets you trade more than 1,000 CFDs through the MT4 and MT5 mobile trading apps.

 

👉 HFM also has an innovative app for iOS and Android that can be used to keep track of your profile and trades and look at the markets.

 

Best KES Trading Account Bitcoin Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

👉 Overall, Exness is the best KES trading account Bitcoin Broker in Kenya. Exness, the best multi-currency broker in Kenya, lets you open trading accounts in several different currencies.

 

👉 Exness lets Kenyan traders trade cryptocurrencies by giving them access to the MetaTrader platform and new trading software.

 

Best Lowest Spread Bitcoin Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, CySEC, FSCA, CMA

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FP Markets is the best lowest spread Bitcoin Broker in Kenya. The ECN pricing method that FP Markets uses makes sure that cryptocurrency traders in Kenya get the best prices. Most of the time, MetaTrader’s trading fees are lower than those of other brokers.

 

Best NDD Bitcoin Broker in Kenya

Overall Rating

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 Bitcoin Broker in Kenya. Markets.com is a well-known non-dealing desk (NDD) broker that gives traders more than 2,200 ways to trade and is regulated.

 

👉 Attributable to its broker type (ECN and STP) and how it executes trades, Markets.com can offer some of the lowest spreads and costs.

 

Best STP Bitcoin Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11615 KES

Regulators

CySEC, FCA

Trading Desk

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FOREX.com is the best STP Bitcoin Broker in Kenya. With access to the whole world’s market, our trading platform is easy to use and offers better pricing and execution. FOREX.com gives a lot of attention to foreign exchange (FX), contracts for difference (CFD), and related services.

 

Best Sign-up Bonus Bitcoin Broker in Kenya

7 Best Bitcoin Trading Platforms in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

Not Regulated

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, MTrading is the best sign-up bonus Bitcoin Broker in Kenya. MTrading is one of the best brokers that offer no-deposit bonuses and full trading services to Kenyans.

 

👉 Kenyans who sign up for the first time can choose from three different account types. Kenyans can get a 30% welcome bonus without depositing once their account has been verified. This will give them credit that they can use to trade the markets without risk.

Conclusion

👉 Many crypto traders purchase and sell Bitcoin, Dogecoin, Ethereum, and other cryptocurrencies on crypto platforms.

 

👉 In their purest and most decentralized form, cryptocurrencies are difficult to acquire and use, and crypto exchanges facilitate the trading of all types of crypto tokens and currencies.

 

👉 The finest crypto exchanges will store your crypto assets safely, provide you with complete control over your assets, and make buying, selling, sending, receiving, and exchanging crypto easy and inexpensive.

FAQ

Which Bitcoin Platform in Kenya is the Safest?

Coinbase is currently the safest in terms of high-volume trading. In addition, 99% of client funds are kept in cold storage, one of the safest storage options in the industry.

How do I exchange Bitcoin?

You must decide on a third-party exchange according to your own trading needs and objectives. Sign up and complete the verification process, deposit fiat or crypto into your wallet or account, and start trading.

What is the minimum amount to invest in Bitcoin?

There is no specified amount as you need not buy whole units of Bitcoin, you can buy fractions according to your budget.

Can Bitcoin be converted to cash?

Yes, if you want to sell your BTC for cash, you may do so on your chosen exchange if the option for crypto-to-fiat is offered. Otherwise, you must find an exchange that allows this.

Who controls Bitcoin’s price?

The rules of supply and demand apply to Bitcoin just like they do to any other market. No single person or any group of people can control the price of Bitcoin.

9.5/10 - (21 votes)