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7 Best Crypto Day Trading Platforms in Kenya

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

This is a complete guide to Crypto Day Trading Platforms in Kenya.

In this in-depth guide you’ll learn:

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

Let’s dive right in…

Updated : September 22, 2022

7 Best Crypto Day Trading Platforms in Kenya

🥇 Broker✔️ Crypto Day Trading Platform?💻 Kenyan Shilling Account?👉 Open Account
1. CoinbaseYesYes👉 Open Account
2. Capital.comYesYes👉 Open Account
3. AvaTradeYesYes👉 Open Account
4. Crypto.comYesNo👉 Open Account
5. PionexYesNo👉 Open Account
6. eToroYesNo👉 Open Account
7. Forex.comYesYes👉 Open Account

7 Best Crypto Day Trading Platforms in Kenya (Updated 2022)

  1. Coinbase – Overall, Best Crypto Day Trading Platform in Kenya
  2. Capital.com – Top NDD Forex Broker 
  3. AvaTrade – Best Islamic/Swap-Free Crypto Broker in Kenya
  4. Crypto.com – Verified Crypto Broker for Beginner Traders
  5. Pionex – Top STP Crypto Broker in Kenya 
  6. eToro – Best Social Crypto Trading Broker
  7. FOREX.com – Top Low Minimum Deposit Crypto Broker

What is Crypto Day Trading?

👉 The practice of buying and selling digital assets within the same trading day is known as crypto day trading.

 

👉 Day trading is a type of intraday trading that is a high-risk endeavour that is made feasible by the specific volatility and liquidity seen in the cryptocurrency markets. Day trading involves buying and selling cryptocurrencies in a single trading session that can last a few minutes or hours.

1. Coinbase

Coinbase

Overview

👉 Day trading cryptocurrency and generating steady earnings are difficult tasks. Subsequently, Coinbase could be the greatest platform for your skill set if you are just starting in this industry.

 

👉 Coinbase has been providing cryptocurrency trading services since 2012, and beginner traders are the main users of its platform. This is attributable to the fact that opening an account just takes a few minutes and you do not need a large investment amount to get started.

 

👉 Moreover, Coinbase provides a variety of payment options that make it simple to deposit US dollars if you do not have any cryptocurrency on hand to support your trading activities. This covers payments made with a debit/credit card, PayPal, and an ACH transaction for a few 3.99%.

 

👉 Deposits under $200 are subject to additional charges. However, once your Coinbase account is filled, you will have access to more than 209 of the most popular cryptocurrencies.

 

👉 At Coinbase, every single cryptocurrency asset is exchanged against the USD spot market. Here, spreads are competitive and there is a lot of liquidity. With a 1.99% per side trading cost, Coinbase is the most expensive day trading cryptocurrency website on this list.

 

👉 Since the fee is levied when you enter and leave the market, you must generate a profit of at least 2.98% on each deal to cover your trading costs.

 

👉 Although traders with little to no expertise often utilize the platform, Coinbase Pro was just introduced to seasoned investors.

 

👉 This includes new markets, like crypto-cross pairings, as well as more sophisticated tools and charting capabilities. Additionally, like Crypto.com, Coinbase Pro has a maker/taker pricing system, which results in cheaper costs. Along with a safe cryptocurrency wallet, Coinbase also provides mobile trading software for iOS and Android users.

 

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

2. Capital.com

Overall Rating

Min Deposit

USD 20 / 2330 KES

Regulators

CYSEC, ASIC, FCA and NBRB licence Seychelles coming soon

Trading Desk

Market maker

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Capital.com is an additional well-known cryptocurrency day trading platform that is perfect for novice traders. To establish an account and begin crypto day trading, a minimum deposit of $20 is required, equivalent to 2,300 KES.

 

👉 In addition to being able to trade on other asset classes like equities, currencies, and commodities, the broker has one of the biggest cryptocurrency holdings.

 

👉 There are several cryptocurrencies available, including Bitcoin, Ethereum, Ripple, Litecoin, and EOS. Capital.com is authorized and regulated by the NBRB, FCA and CySEC, ensuring that your money is secure and protected.

 

👉 On a highly user-friendly web-based trading platform, you could trade a wide range of instruments without paying any commissions as the fees are included in the spread.

 

👉 While the platform is user-friendly, it also includes many other functions, such as news, sentiment indicators, and technical analysis tools.

 

👉 You can also register a demo account or a free account with no deposit or withdrawal fees, allowing you to test the day trading crypto service for yourself.

 

Pros and Cons

✔️ Pros❌ Cons
Capital.com is a well-regulated broker that reports excellent user experienceUnited States clients are not accepted
Capital.com offers a proprietary platform, mobile trading apps, and MetaTrader 4There are restrictions on leverage ratios
There is a transparent fee structure with tight spreads, commission-free trading, and a reasonable overnight fee chargeThe spreads are marked-up
Offers thematic investments and Capital.com TV
The broker accepts all trading strategies including algorithmic trading, mobile trading, scalping, and others
Offers a decent selection of deposit methods and withdrawal options including bank wire transfer, bank transfer, and electronic payment processors
Currency conversion fees are not charged and there is a selection of base currencies
There is a decent selection of educational content offered
The proprietary platform offers charting tools and several other features
Regulatory protection is guaranteed through several regulatory bodies
There is a selection of instruments from a wide range of asset classes
Capital.com offers helpful customer service 24/7 and there is a lot of customer feedback reflecting a positive experience with the broker

3. AvaTrade

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

Overview

👉 AvaTrade is another well-regarded cryptocurrency day trading broker and powerful day trading platform. In addition to being authorized and regulated by six worldwide agencies, they provide a variety of crypto trading options and platforms.

 

👉 You could, for instance, access a CFD trading account, an options account option, an Islamic swap-free account, and a professional account option.

 

👉 Traders gain access to AvaSocial, a mobile copy trading application, to mimic the moves of other successful traders.

 

👉 Experienced Kenyan traders like MetaTrader 4 and 5 as their third-party trading platform of choice. After connecting it to AvaTrade, you will have access to sophisticated price charts, technical indicators, and sketching tools, among others.

 

👉 AvaTrade is one of the leading MT4 and MT5 crypto brokers. In addition to being regulated in six different countries, the platform intends to go public later this year. AvaTrade provides an extensive selection of crypto CFDs, many of which have narrow spreads.

 

👉 In addition, AvaTrade does not charge commissions, as do most of the finest crypto-trading platforms reviewed today.

 

👉 AvaTrade provides a day trading simulator if you like to practice trading cryptocurrencies with MT4 and MT5. This simulates real-world crypto market circumstances, albeit with paper trading money.

 

Pros and Cons

✔️ Pros❌ Cons
AvaTrade is well-regulated in several jurisdictionsThere are no variable spreads
There are more than 1,250 trading instruments available across financial marketsThere is only one retail and one professional account
There are several useful trading tools offered to advanced tradersThere are inactivity fees charged on dormant accounts
There is a choice between innovative and powerful trading platformsThere are currency conversion fees that may apply
AvaTrade offers competitive trading conditions to Kenyan tradersThere is no KES-denominated account or local deposit and withdrawal options for Kenyans
There is an Islamic account option and a demo account
AvaTrade is trusted and has won several awards since its inception
There are several trading strategies that traders can use, and they have access to social trading opportunities

4. Crypto.com

Crypto.com

Overview

👉 This platform, which launched in 2016, is well-liked by traders of all skill levels and financial means. You will get access to more than 222 cryptocurrencies, representing a superb mix of major and mid-sized projects.

 

👉 In addition, the maker/taker pricing system used by Crypto.com is especially advantageous for Kenyan crypto day traders. Market makers assist cryptocurrency exchanges with liquidity, subsequently, they get more appealing fees.

 

👉 As a crypto day trading beginner, you will be categorized as a market taker. Consequently, you will pay a maximum commission rate of 0.4% for each side traded.

 

👉 However, if you trade greater sums, you can take advantage of even cheaper charges. If you trade more than $50,000 in 30 days, for example, your fee is decreased to 0.15% for each side.

 

👉 In addition, customers who own CRO tokens, the digital asset backed by Crypto.com, are eligible for further fee discounts. Another feature that most crypto day traders like about Crypto.com is that the website makes it simple to deposit and withdraw funds.

 

👉 If you cannot deposit money through cryptocurrency, for example, the site offers debit and credit card purchases. In addition, bank transfers are supported.

 

👉 Thus, you could take your gains from day trading cryptocurrencies promptly using an ATM, which is a benefit for Kenyans in Nairobi, which features a Bitcoin ATM. The site also provides leveraged financial solutions, which could also be of interest to more experienced traders.

 

👉 In addition to the ability to day trade crypto with up to 10x leverage, you will also have access to perpetual futures. And lastly, if you are seeking a platform that provides sophisticated tools and charting capabilities for crypto day trading, Crypto.com is one of the best options.

 

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.

5. Pionex

Pionex

Overview

👉 Pionex is a cryptocurrency exchange that enables traders to trade cryptocurrencies with the assistance of trading bots. Investors may automate their trading activities by using Pionex.

 

👉 Users have access to twelve distinct trading bots, all of which are provided at no cost to them. Since of this, investing bots will allow you to cut down on the amount of time spent frequently watching the market because your approach will be automated.

 

👉 The DCA bot is one of the options available from the trading robot’s bots, and it is particularly useful for traders who want to carry out buy orders at predetermined intervals.

 

👉 The bot will not make use of the current market price to execute its purchase orders, but it will make use of it to execute its buy orders. It is a flexible option that can be customized to intervals of ten minutes, one hour, one week, or one month, making it suitable for all Kenyan users.

 

👉 The convenience of Pionex’s availability is one of the product’s most appealing qualities. Through the usage of the built application, the robot has shown that it is approachable to the average user. Their mobile app and its PC equivalent have the same set of functionality.

 

👉 In addition, the ease of use of the platform makes it practical for novice investors or investors who have limited free time. This is because the platform can be configured in a short amount of time, and it provides users with access to real-time market data and pricing.

 

👉 In addition, you could find some solace in the fact that Pionex has an MSB (Money Services Business) license that the Financial Crimes Enforcement Network has in the past bestowed upon them.

 

Pros and Cons

✔️ Pros❌ Cons
There are several trading bots to choose from.Pionex does not support fiat deposits.
Pionex has an innovative app that is easy to set up and use.
The platform is both safe and exceptionally reliable.
There are affordable fees charged on all transactions.
Pionex is one of the best crypto day trading platforms for Kenyan beginners who are still finding their feet.

6. eToro

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.

Overview

👉 First, and most crucially, this well-known trading platform is strictly regulated. In addition to having a complete license with the FCA, ASIC, and CySEC, eToro is also approved and registered with the FINRA.

 

👉 This implies that traders in the United States and throughout the globe can use eToro securely. eToro offers the ability to purchase and sell 18 of the most popular cryptocurrencies.

 

👉 This includes Bitcoin, EOS, BCH, Ethereum, Solana, XRP, Cardano, Binance Coin, and more cryptocurrencies. Depending on your area, you could also be allowed to trade cryptocurrency derivatives.

 

👉 Because of market demand, eToro is always adding new digital currencies to its list of supported cryptocurrencies. In terms of ownership, you will be purchasing your selected cryptocurrency outright, so you can hang on to it for as long as you choose.

 

👉 However, you must also consider how you want to store your newly acquired digital currency on eToro.

 

👉 When it comes to costs, eToro is a commission-free platform for crypto day trading. This means you can join and quit the market without incurring any expenses. Registration is free, and USD-denominated payment options are also free.

 

👉 However, you will be charged a nominal 0.5% FX conversion fee. eToro is also the greatest platform for crypto day trading since its user interface includes passive investing features. This includes a CryptoPortfolio, which is a basket of several digital currencies that are weighted differently.

 

👉 This is handled by the eToro team, so you do not have to worry about rebalancing the portfolio. Alternately, you might purchase and sell cryptocurrencies using the Copy Trading feature.

 

👉 You will, as the name suggests, imitate the trades of an experienced and established crypto trader who utilizes eToro.

 

Pros and Cons

✔️ Pros❌ Cons
eToro has a strict and solid regulatory frameworkThere are limitations on leverage for retail traders
Client fund safety is guaranteed and there is consumer protection offeredThere is a limited selection of retail investor accounts
eToro offers commission-free tradingFixed spreads are not offered
There are over 2,000 complex instruments that can be tradedThe spreads are not the tightest
The broker offers several trading opportunities and a social trading featureThere is a high minimum deposit on the Islamic Account
There is an award-winning proprietary platform offeredThere 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

7. FOREX.com

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

Overview

👉 Although FOREX.com is most known for its foreign exchange trading department, which offers more than 80 different currency pairings, this well-known broker also serves as a hub for cryptocurrency trading.

 

👉 Because cryptocurrency markets are traded as CFDs on FOREX.com, customers could go long or short and even use leverage. Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are just some of the cryptocurrencies that may be traded for US dollars.

 

👉 Additionally, you could exchange Bitcoin for other currencies such as the euro, the pound sterling, and the Australian dollar.

 

👉 When it comes to costs, FOREX.com gives you the option of selecting from a variety of account types. The account that is most suited for casual traders is the one that does not charge commissions and has decent spreads.

 

👉 If you are a trader with considerable experience, you should consider switching to the STP Pro account. This enables you to trade with the lowest commission rates and the tightest spreads available in the market.

 

Pros and Cons

✔️ Pros❌ Cons
FOREX.com is regulated in several regions globally, including the United StatesInactivity fees apply to dormant accounts
There are user-friendly platforms offeredThere is a currency conversion fee charged
FOREX.com has an execution scorecardThere is no KES-denominated account and deposit currencies are limited to USD, GBP, and EUR
There are commission-free trading accounts offeredNigerian traders cannot deposit in Naira
Direct Market Access (DMA) Account offeredThere is a limited range of funding options and no local options for Kenyans
There is a range of trading tools and educational materials
There is a dedicated market strategist provided
An active trader program is offered

How to choose the Right Crypto Day Trading Platform in Kenya

How to choose the Right Crypto Day Trading Platform in Kenya

👉 Kenyan traders must evaluate the following components of a crypto day trading platform to decide whether the broker is suited to their unique trading objectives and/or needs.

 

👉 Platforms that make it easier to purchase, sell, and trade cryptocurrencies are known as cryptocurrency exchanges.

 

👉 Cryptocurrency exchanges are not all created equal. Each trading platform is appropriate for a certain class of customers with a particular set of demands based on its kind, features, and security measures.

 

The Type of Exchange

Crypto Brokers

👉 Kenyans can easily purchase or sell straight from platforms on certain exchanges. The ideal option if you are just starting is this since it enables quick transactions.

 

👉 Because brokers are subject to regulatory oversight, you might be asked to provide personal information to authenticate your account.

 

Peer-To-Peer (P2P) Exchanges

👉 These P2P systems are favoured by Kenyans who place a high emphasis on privacy. They permit one-on-one trading partnerships where the pricing and payment options are independently decided upon by the two traders.

 

👉 Some location-based P2P exchanges just assist you in finding a venue to meet other traders. Most P2P platforms will go a step further by helping to facilitate the transaction, serving as an escrow in case of disputes, and serving as an arbiter.

 

👉 On these sites, your privacy is often highly safeguarded, but you must keep yourself and your money safe.

 

Comprehensive Trading Platforms

👉 Large groups of people are gathered on full trading platforms where they could trade among themselves, much as on a genuine stock exchange.

 

👉 An order book is used by full trading exchanges to match buy and sell orders. The larger ones even provide a variety of features including customized graphs, margin trading, and unique order kinds. However, for a novice user, many of these capabilities will not be essential.

 

Security Features

👉 Because of anonymity, security is always of paramount importance when working with cryptocurrencies.

 

👉 Choosing an exchange requires the same considerations as selecting a wallet, with one key exception. Because an exchange is designed for quick and simple transactions, security must sometimes be sacrificed.

 

👉 Like wallets, reputable exchange platforms will provide two-factor authentication and/or multi-signature capabilities for your accounts. In contrast, some exchanges do not need a wallet or account, therefore this step is optional.

 

👉 Although it is widely known that cold, client-side storage is the most secure method of securing cash, this is not always achievable on an exchange. It is just too sluggish.

 

👉 A reputable exchange, however, would pool all customer cash from the whole platform and store a sizeable portion in cold storage.

 

👉 This implies that if the site is hacked, just a small portion of the cash would be lost. If you have a substantial amount of cash and want control over their safekeeping, you should take it from the exchange and store them in an offline wallet.

 

👉 A platform could handle your assets in two ways. They may either establish a fully separate account for each user, or they can create a single account with many sub-accounts. Exchanges often use single accounts with sub-accounts to expedite the processing of transactions.

 

👉 Since cryptocurrencies are still relatively new and the great bulk of the market is unregulated, you are your own insurance.

 

👉 However, as the business grows and regulation-compliant mega-sites gain traction, a variety of insurance options for your cash will become available.

 

👉 Some exchanges that adhere to government regulations and hold client money at licensed banks can provide government-backed deposit protection for their users’ fiat accounts. Even fewer exchanges have obtained third-party insurance for cryptocurrency holdings on their platform.

 

👉 Utilizing a VPN to alter your location and secure your internet connection when utilizing platforms is essential. It helps you conceal your identity from hackers and provides additional account security.

 

Overall Functionality and Features

👉 Platforms for crypto day trading that provide various features such as margin trading, complicated order types, and complex charting are only suggested for highly experienced traders with a comprehensive grasp of the crypto business.

 

👉 The simpler the exchange, the better for Kenyan novices. Another consideration relates to the fact that, regardless of your trading expertise, you must first determine if the platform can handle the transaction you need to execute.

 

👉 Each platform offers a unique mix of crypto and fiat currencies, a unique language, and a unique geographic region. Consumers in the United States should be aware that several big exchanges do not allow customers from certain states.

 

👉 Each platform’s cost structure is unique and tailored to a certain sort of user. If you are a day trader, you do not want to pay excessive transaction costs.

 

👉 However, if you merely want to purchase a little amount of cryptocurrency to store for your retirement, fees will be less significant than other features geared at regular traders.

 

👉 Another thing for Kenyans to remember is to evaluate all fees as one platform could charge excessive costs for fiat currency deposits but minimal fees for cryptocurrency transactions.

 

Overall User Experience

👉 If you are new to trading, you should choose an exchange with a straightforward interface. A platform with a highly developed or intricate interface is ideal for advanced users.

 

👉 Design and user interface could have a significant impact on the exchange platform’s navigability. Considering what other users have to say about the site may be beneficial. Test the platform’s customer care to guarantee that you will get assistance when you need it.

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

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 Crypto Broker for beginners in Kenya. More than 140 nations are represented in the sizable online trading community at eToro.

 

👉 eToro is renowned for providing novice Kenyan traders with a variety of teaching resources. Kenyans may access webinars, in-depth films, and guises that cover a variety of themes and issues.

 

Best Low Minimum Deposit Crypto Broker in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

FSA, FCA, ASIC, DFSA

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

66

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Axi is the best Low Minimum Deposit Crypto Broker in Kenya. When traders create an account with Axi, there is no set minimum deposit requirement. This enables all traders to start trading cryptocurrencies with whatever quantity with which they are comfortable.

 

Best ECN Crypto 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 Crypto Broker in Kenya. IC Markets provides zero-pip spreads and some of the industry’s highest levels of liquidity.

 

👉 Kenyans can trade more than 2,000 financial items with the confidence that low latency connections and the most recent trading technologies are available

 

Best Islamic / Swap-Free Crypto 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 Crypto Broker in Kenya. As one of the top Dealing Desk brokers that offers Muslim traders an Islamic account, AvaTrade also offers halal trading across several different markets.

 

👉 In addition, no additional commissions or administrative fees are paid to Muslim traders while utilizing this account to trade over 1,260 instruments.

 

Best Crypto Trading App in Kenya

Overall Rating

Min Deposit

11,500 KES / $100

Regulators

IFC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, AMarkets is the best crypto trading app in Kenya. Over 350,000 traders use AMarkets, which are dispersed throughout many different nations. AMarkets provides top-notch services together with a cutting-edge customized trading program.

 

👉 Kenyans may use the trading app to access a variety of crypto assets that can be traded, manage their whole account, and monitor real-time quotations and open positions in trades.

 

Best KES Trading Account Crypto Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

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 KES trading account Crypto Broker in Kenya. The top multi-currency broker, Exness, offers trading accounts with a variety of currency denominations.

 

👉 Through the MetaTrader platform and innovative trading software, Exness gives Kenyan traders access to cryptocurrency trading.

 

Best Lowest Spread Crypto Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, HF Markets is the best lowest spread Crypto Broker in Kenya. Kenyan traders can choose from a wide selection of crypto trading assets at low spreads thanks to HF Markets.

 

👉 Kenyans can also access in-depth market analyses and a few other helpful resources to hone their trading techniques.

 

Best NDD Crypto 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 Crypto Broker in Kenya. Markets.com is a well-known NDD broker that offers traders more than 2,200 trading options and is subject to regulatory oversight.

 

👉 Markets.com can provide some of the lowest spreads and costs due to its business practices and execution.

 

Best STP Crypto 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

on Forex.com’s website

👉 Overall, FOREX.com is the best STP Crypto Broker in Kenya. With access to the worldwide market, our user-friendly trading platform offers improved pricing and execution. Foreign exchange (FX), contracts for difference (CFD), and related services are prominently featured on FOREX.com.

 

Best Sign-up Bonus Crypto Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 584 KES

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

👉 Overall, XM is the best sign-up bonus Crypto Broker in Kenya. When Kenyans sign up for a live account for the first time, XM gives them a $30 welcome incentive.

 

👉 Kenyans can utilize this credit to trade more than 1,000 different securities and investigate the XM-offered crypto assets.

Conclusion

👉 Day trading cryptocurrencies might be quite rewarding. To benefit from the advantages of the crypto-verse, day traders use intraday crypto trading tactics, and they are likely to close their holdings before the day is out.

 

👉 But to succeed, one must do more than just develop trading discipline and use a proven day trading technique for cryptocurrencies. Given the rise in fraudsters and fraudulent exchanges in the crypto market, Kenyans must choose the appropriate crypto day trading exchange carefully.

Frequently Asked Questions

 

Which Crypto day trading platform is used the most in Kenya?

Coinbase is the crypto day trading that is used the most by Kenyan traders

 

Is AvaTrade available in Kenya for crypto day trading?

Yes, Avatrade platform is available in Kenya for crypto day trading
 

Which crypto is the best for day trading?

Cryptocurrency with high volatility, large volume, and liquidity are the best for day trading including Bitcoin, MATIC, Ethereum, XRP, Binance Coin, and Solana.

 

What is the best time for crypto day trading?

The best time for crypto day trading is from 08h00 – 16h00 local time as this is usually the time that drives the highest trade volume.

 

How do I become a crypto day trader?

To become a profitable day trader, one must be well-versed in the market, trading strategies, the best times to trade, and cryptocurrencies overall.

Open a trading account on a crypto day trading exchange that fits your day trading requirements and start learning about cryptocurrency day trading. Once you are ready, register a demo account, and practise trading before you risk real money.

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