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7 Best Crypto Farming Pairs in Kenya

The 7 Best Crypto Farming Pairs for Kenyans revealed. We tested the best crypto farming pairs for Kenyan Traders.

This is a complete guide to crypto farming in Kenya.

In this in-depth guide you’ll learn:

  • What is crypto farming pairs?
  • What is the difference between crypto farming and staking?
  • Which crypto farming pairs can you use with M-PESA?
  • What is defi farming?
  • Which Trading Platforms are best for beginner Kenayn Traders? 
  • Can you use Stablecoin to yield farm?
  • Which brokers offer a low minimum deposit of $5 (583 KES) to start trading?  


And lots more…

So if you’re ready to go “all in” with the best-tested crypto farming pairs

Let’s dive right in…

Updated : September 20, 2022

Best Crypto Farming Pairs in Kenya

🥇 Broker💻 Trading Platform💰 Minimum Deposit💸 Bonuses for Kenyan traders?👉 Open Account
1. HF Markets• MetaTrader 4
• MetaTrader 5
5 USD (580 KES)Yes👉 Open Account
2. AvaTrade• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
100 USD (11635,00 KES)No👉 Open Account
3. Exness• MetaTrader 4
• MetaTrader 5
• Exness Terminal
• Exness Trader App
100 USD (11635,00 KES)No👉 Open Account
4. Oanda• MetaTrader 4
• OANDA Platform
• TradingView
NoneYes👉 Open Account
5. FP Markets• MT4/5 Standard
Account
• MetaTrader 4 Islamic Raw
• MetaTrader 5 Islamic Raw
• MT4/5 Islamic Raw Account
80 USD (8700 KES)No👉 Open Account
6. Pepperstone• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
150 USD (17 494 KES)No👉 Open Account
7. XM• MetaTrader 4
• MetaTrader 5
• XM Mobile App
5 USD (580 KES)Yes👉 Open Account
8. FBS• MetaTrader 4
• MetaTrader 5
• XM Mobile App
1 USD (116 KES)No👉 Open Account
9. Tickmill• MetaTrader 4
• MetaTrader 5
100 USD (11635 KES)No👉 Open Account
10. OctaFX• MetaTrader 4
• MetaTrader 5
100 USD (11635 KES)No👉 Open Account

7 Best Crypto Farming Pairs in Kenya (Updated 2022)

  1. HF Markets – Overall, Best Trading Platform for Kenyan Traders 
  2. AvaTrade – Best VIX75 Platform in Kenya
  3. Exness – Best MetaTrader4/MT4 Trading Platform
  4. Oanda – Best ECN Forex Platform
  5. FP Markets – Best Sign-Up Bonus for Kenyan Traders
  6. Pepperstone – Best STP Forex Platform
  7. XM – Best NDD Forex Broker in Kenya
  8. FBS – Best Minimum Deposit Forex Platform
  9. Tickmill – Best Forex Platform for Beginner Traders
  10. OctaFX – Best Trading App Platform in Kenya

What is Crypto Farming?

👉 Yield farming is a system in which users may deposit cryptocurrency into a liquidity pool. This pool contains other cryptocurrency users seeking financial profits. These profits are made from interest collected by lending the pooled cryptocurrency.

 

👉 Yield farms are decentralized financial investment instruments that use smart contracts. For investors placing a premium on bold returns, yield farms could provide more than 100% interest rates.

 

👉 When yield farming, a liquidity pool must be supplemented with two coins by providing liquidity to a decentralized exchange. These are known as yield farming pairings, and liquidity pools utilize them to facilitate the exchange of one cryptocurrency for another.

1. Harvest Finance

Harvest Finance

Protocol TVL

👉 Harvest currently has a TVL of $38,771,342.87.

 

Protocol Overview

👉 Harvest Finance (FARM) is an aggregator of yields from many chains. This innovative methodology streamlines essential procedures for yield farmers, facilitating DeFi (decentralized financing).

 

👉 Collectively, the network’s members pool their resources over a distributed network using multi-chain smart contracts that route users’ deposits to the pools offering the greatest annual percentage yields.

 

👉 Harvest Finance was developed primarily to lessen the time and effort needed for DeFi farming. Staking is a lot like farming in a lot of ways. A smart contract requirement is a liquidity, and tokens are given to Kenyans as a reward for their efforts.

 

👉 However, there are no lockup periods in farming, unlike staking. Since your money is not bound up, there is no guaranteed payoff. That is why it is crucial to keep an eye on several pools so you can locate the ones that pay the most.

 

👉 To maximize their profits, farmers often transfer between pools. If executed properly, it has the potential to outperform staking in terms of profitability. Although it requires more work,

 

👉 Those without an in-depth familiarity with the DeFi industry were the only ones who adopted the technique due to its manual labour and general inconvenience. Harvest Finance completely transforms the game by doing away with tedious tasks.

 

👉 The maximum possible yield is farmed automatically by the protocol, which does this by transferring monies across farming pools. Harvest Finance also contributes to addressing the market’s lack of interoperability. Several other DeFi ecosystems function independently currently.

 

👉 The multi-chain method used by Harvest Finance serves as a connector between Ethereum, Binance Smart Chain, and Polygon, three of the most popular cryptocurrency networks.

 

👉 Given that the protocol tracks more than a hundred farms at once, this approach vastly enhances the platform’s usability.

 

👉 The investment strategy of Harvest Finance is designed to increase profits. The protocol can achieve its goal because it aggregates the resources of its users to reduce transaction costs. The more people are part of the network, the more benefits it will have.

 

👉 The developers redistribute DEX and agricultural fees back into the local economy. Investors in the profit-sharing pools who have paid these fees will get buybacks and awards. In addition, the governance system allows the community to sanction network expenses.

 

Liquidity Pool and Pairs

💻 Pool📊 Pair💵 TVL﹪ TVL % Total💰 Impermanent Loss🗓 APY Daily/Yearly
DAI VaultDAI$14m37.22%High• Yearly: 4.41%
• Daily: 0.01%
USDT VaultUSDT$11m30.66%Low• Yearly: 3.78%
• Daily: 0.01%
USDC VaultUSDC$8m22.93%Low• Yearly: 3.34%
• Daily: 0.01%
CRVRENWBTC VaultCRV-RENBTC$2m5.33%Low• Yearly: 0.37%
• Daily: 0.00%
WETH VaultWETH$1m2.78%None• Yearly: 1.23%
• Daily: 0.00%
WBTC VaultWBTC$419k1.08%Low• Yearly: 1.49%
• Daily: 0.00%

2. Curve Finance

Curve Finance

Protocol TVL

👉 Curve Finance currently has a TVL of $1,854,776,987.44.

 

Protocol Overview

👉 Curve Finance is a state-of-the-art, decentralized cryptocurrency exchange that facilitates trades with little slippage and significant liquidity. The exchange was founded a few years ago and is based out of Switzerland.

 

👉 Curve Finance’s unusual aesthetic may cause certain users to take notice. If, on the other hand, you are a big admirer of the past and like delving into familiar ideas, this will not be an issue. Stablecoins are the primary emphasis of Curve Finance, which has drawn people from around the globe looking for low-risk possibilities.

 

👉 The Swiss-based site operates as one of the leading DeFi exchanges by volume and has gathered enormous liquidity in little over a year since its inception.

 

👉 The project is particularly notable for its one-of-a-kind aesthetic, a vintage aesthetic that has been warmly received and judged attractive by the locals.

 

👉 With its continued growth and increasing liquidity, Curve is quickly becoming one of the most popular DeFi options, attracting new users daily. The website is also a place to make money and invest in the market.

 

👉 It is easy for users to link their crypto wallets to the exchange and start trading or investing right away. However, before utilizing the site, Kenyans must learn the fundamentals of liquidity pools. Otherwise, the ideas on the market might be muddled.

 

Liquidity Pool and Pairs

💻 Pool📊 Pair💵 TVL﹪ TVL % Total💰 Impermanent Loss🗓 APY Daily/Yearly
renBTCrenBTC-wBTC$517m27.90%Low• Yearly: 1.76%
• Daily: 0.00%
hBTChBTC-wBTC$480m25.88%Low• Yearly: 6.83%
• Daily: 0.02%
sBTCrenBTC-wBTC-sBTC$425m22.92%Low• Yearly: 2.11%
• Daily: 0.01%
sUSDDAI-USDC-USDT-sUSD$199m10.75%Low• Yearly: 14.67%
• Daily: 0.04%
CompoundDAI-USDC$142m7.71%Low• Yearly: 11.33%
• Daily: 0.03%
bUSDDAI-USDC-USDT-BUSD$89m4.83%Low• Yearly: 7.25%
• Daily: 0.02%

2. Venus

Venus

Protocol TVL

👉 The Total Value Locked in Venus is $2,327,906,556.90.

 

Protocol Overview

👉 Venus Protocol (Venus) is an algorithm-based money market system designed to add decentralized finance (DeFi)-based lending and a credit system to the Binance Smart Chain (BSC).

 

👉 Instantaneous 3-second transactions and nominal fees are the two key technologies that offer Venus an advantage over the Binance Smart Chain. Unfortunately, cryptocurrency markets have a reputation for being exceedingly volatile and turbulent.

 

👉 Innovative protocols of instantaneous transactions and negligible costs could tremendously benefit people.

 

👉 Venus’s on-chain decentralized lending marketplace paves the way for borderless stablecoins to operate via an irreversible money market protocol. Swipe Wallet established the money market and synthetic stablecoin platform in 2021.

 

👉 Despite being developed entirely on the Binance Smart Chain, the protocol’s architecture is based on Compound and MakerDAO, which are incorporated into the Venus platform and offer the benefits of both systems.

 

👉 Moreover, the Venus Protocol has its own native governance token (XVS), which gives community members influence over the protocol’s governance.

 

👉 Traders could utilize the BEP-20-based token to vote on alterations such as adding additional collateral types, modifying parameters, and coordinating product development.

 

👉 Kenyans can make use of the following platform features:

➡️ Borrow cryptocurrencies and stablecoins quickly and without a credit check.

➡️ Provide cryptocurrencies and stablecoins and receive a variable annual percentage yield (APY) in return for providing liquidity to a protocol backed by over-collateralized assets.

➡️ Utilize the provided collateral to issue stablecoins (VAI) that may be spent at more than 60 million locations worldwide utilizing the Swipe platform and others.

➡️ The system is governed by its native currency, the Venus Token (XVS), which acts as a governance token and is meant to be distributed fairly to the community after launch.

 

Liquidity Pool and Pairs

💻 Pool📊 Pair💵 TVL﹪ TVL % Total💰 Impermanent Loss🗓 APY Daily/Yearly
vBTC-BTCB Lending vBTC-BTCB $726m31.19%None• Yearly: 0.62%
• Daily: 0.00%
vUSDT-USDT LendingvUSDT-USDT$388m16.67%None• Yearly: 1.59%
• Daily: 0.00%
vETH-ETH lendingvETH-ETH$364m15.68%None• Yearly: 0.75%
• Daily: 0.00%
vBNB-BNB LendingvBNB-BNB$252m10.83%None• Yearly: 5.72%
• Daily: 0.02%
vBUSD-BUSD lendingvBUSD-BUSD$238m10.24%None• Yearly: 1.86%
• Daily: 0.01%
vUSDC-USDC lendingvUSDC-USDC$126m5.44%None• Yearly: 2.22%
• Daily: 0.01%

4. Swerve Finance

Protocol TVL

👉 Swerve Finance currently has a TVL of $25,852,843.68.

 

Protocol Overview

👉 Swerve Finance (Cryptocurrency) is a community-owned and -governed fork of Curve Finance, an unaudited DeFi exchange liquidity pool on Ethereum. Stablecoin trading is made possible through the Curve Finance platform, built on blockchain technology.

 

👉 The primary benefit it offers is that dealing with stablecoins results in just a little amount of slippage, which increases the profit margin for liquidity providers.

 

👉 The platform’s decentralized autonomous organization (DAO) facilitates the voting system for Curve’s decentralized government. Michael Egorov, the platform’s originator, has more than fifty percent of the voting power, resulting in the creation of Swerve, a platform owned by the community.

 

👉 Some of the prominent features of Swerve include:

➡️ No fake-out deployment

➡️ No problematic pre-mining

➡️ No founder holds a majority of the governance vote

➡️ No questionable team proposals

➡️ No 30% allocation to “shareholders”

➡️ No team allocation

➡️ No decades-long distribution

 

👉 It consists of an essential 33,000,000 supply that holders control entirely, the community of liquidity providers, and users. ySWRV tokens can be staked in the Swerve DAO to generate $SWRV if the holder provides liquidity to Swerve.

 

👉 Swerve features a single pool that supports prominent stablecoins, including DAI, TUSD, USDT, and USDC. Note that the protocol’s DAO is responsible for establishing new pools.

 

👉 Consequently, the community may vote to introduce new pools. However, swerve, unlike other DeFi platforms, does not allow smart wallets permitting participation in its voting by projects such as Yearn.finance and other DeFi-based smart contracts.

 

Liquidity Pool and Pairs

💻 Pool📊 Pair💵 TVL﹪ TVL % Total💰 Impermanent Loss🗓 APY Daily/Yearly
swUSDDAI-USDC-USDT-TUSD$25m100%Low• Yearly: 62.47%
• Daily: 0.17%

5. SushiSwap

SushiSwap

Protocol TVL

👉 The TVL for SushiSwap currently is $466,433,728.25.

 

Protocol Overview

👉 SushiSwap is an Ethereum-based decentralized exchange (DEX) and automated market maker (AMM) that utilizes global liquidity pools to build unique markets for any pair of assets and employs an automated liquidity protocol as its trading strategy.

 

👉 Ethereum is the second largest blockchain by market capitalization after Bitcoin. Within the next year, it is transitioning to an upgraded platform version that uses Proof of Stake (PoS).

 

👉 There are a variety of platforms based on the Ethereum blockchain, and each has different admission requirements and may need distinct levels of technical expertise to navigate.

 

👉 The SushiSwap Token (SUSHI) administers the decentralized exchange and is rewarded to individuals that provide liquidity to the pools. In addition, there are other opportunities to lend and borrow assets at variable interest rates.

 

👉 In addition, one of the most notable aspects of SushiSwap is the platform’s Japanese restaurant motif, which is alluded to in the platform’s name.

 

👉 Suppose this is a user’s first interaction with a decentralized exchange (DEX). In that case, this theming may assist in sugar-coating — or, in this instance, soy-sauce-coat — the daunting parts of learning how to utilize decentralized crypto.

 

👉 In addition to the platform’s distinctive aesthetic, SushiSwap does a fantastic job explaining difficult crypto jargon by employing names like “BentoBox” and “Kashi” — and by including other useful tools and information.

 

👉 For instance, some exchanges may use common words such as Automated Money Maker (AMM), which might confuse novice customers.

 

👉 On the other hand, Sushi provides innovative, easy-to-understand resources, such as instructional articles for engaging with its AMMs, even for individuals with no industry experience.

 

👉 Sushi has designed a one-of-a-kind rewards system and game theory principles that attract people to their platform and keep them actively involved. In addition, it helps satisfy the platform’s demand for liquidity, which is the free movement of value inside the exchange.

 

👉 For instance, users may stake their SUSHI (SushiSwap’s native currency) at the SushiBar in exchange for xSUSHI tokens rather than paying direct liquidity fees to pools, earning a 0.25% per-trade rebate depending on their contribution to the pool.

 

👉 This is a significant advantage since holders of xSUSHI tokens earn the remaining 0.05% of transaction costs when utilizing SushiSwap, with returns proportionate to the number of tokens held.

 

Liquidity Pool and Pairs

💻 Pool📊 Pair💵 TVL﹪ TVL % Total💰 Impermanent Loss🗓 APY Daily/Yearly
Circle SnailUSDC-ETH$206m44.18%High• Yearly: 3.95%
• Daily: 0.01%
Tether TurtleUSDT-ETH$74m15.90%High• Yearly: 11.71%
• Daily: 0.03%
Sushi Party!SUSHI-ETH$67m14.45%High• Yearly: 4.24%
• Daily: 0.01%
Donald DAIDAI-ETH$45m9.71%High• Yearly: 1.72%
• Daily: 0.00%
Compound TruffleYFI-ETH$17m3.76%High• Yearly: 1.35%
• Daily: 0.00%
YFI WhaleYFI-ETH$15m3.42%High• Yearly:17.73%
• Daily: 0.05%
CRV CrocodileCRV-ETH$11m2.43%High• Yearly: 2.38%
• Daily: 0.01%
Toadie MarineLINK-ETH$10m2.32%High• Yearly: 3.22%
• Daily: 0.01%
REN Rhinoren-ETH$10m2.22%High• Yearly: 1.25%
• Daily: 0.00%

6. ForTube

ForTube

Protocol TVL

👉 The overall TVL of ForTube is currently $22,788,623.00.

 

Protocol Overview

👉 The ForTube platform is an open financial service protocol that The Force Protocol created. This protocol is dedicated to bringing programmable, inclusive, inventive, and secure features to modern-day banking.

 

👉 ForTube Bond and ForTube Bank are the key offerings on the ForTube platform. In addition, ForTube provides its services on the Ethereum, Binance Smart Chain (BSC), Polygon, and OEC blockchains.

 

👉 ForTube is a public blockchain-powered financial platform with the mission of “practicing inclusive finance” and “providing suitable and effective financial services to all people throughout the globe.”

 

👉 The Force Protocol has divided its emphasis into three decentralized finance (DeFi) technological components: the fundamental component, the extended component, and the financial component referred to as “The Force.”

 

👉 These components seek to answer the difficulties Ethereum-based DApp developers and consumers face.

 

👉 By adding these components, the team hopes to address contract updates, fixed data structure, delayed on-chain interaction, bad user interface, lack of requisite infrastructure, and security challenges.

 

👉 The team at ForTube intends to use ‘The Force Protocol’ to bring blockchain technology to the conventional bond markets.

 

👉 Bond issuance often necessitates several institutional requirements, including regulatory bodies, underwriter auditors, attorneys, ratings, custody, registration, and settlement.

 

👉 The ForTube team intends to revolutionize this procedure by adding The Force Protocol. ForTube Bond is now accessible on Ethereum and Binance Smart Chain.

 

👉 These bonds have been dubbed “crypto bonds” and are equipped with the full suite of solutions required to mimic traditional bond markets, including credit ratings, bond issuance, bond liquidation, and bond trading.

 

👉 The ForTube platform offers bond securities with substantial rewards and manageable risks to investors. Investors holding USDT, DAI, USDC, and other stablecoins may easily invest in bonds.

 

👉 Overcollateralized crypto assets will be used to secure bond products, and liquidators will immediately sell non-performing assets to safeguard investors’ rights. In addition, ForTube has developed its own crypto digital money deposit and borrowing system, with a design that adheres to the ideals.

 

👉 This is accomplished by putting smart contracts on blockchain technology, which enables users to deposit, withdraw, borrow, and pay. Like most other lending and borrowing protocols, customers earn interest by depositing cryptocurrency on their platforms.

 

Liquidity Pool and Pairs

💻 Pool📊 Pair💵 TVL﹪ TVL % Total💰 Impermanent Loss🗓 APY Daily/Yearly
USDT VaultUSDT$9m42.07%None• Yearly: 3.46%
• Daily: 0.01%
FOR VaultFOR$5m22.37%None• Yearly: 5.19%
• Daily: 0.01%
ETH VaultETH$3m13.94%None• Yearly: 1.30%
• Daily: 0.00%
HBTC VaultHBTC$1m8.51%None• Yearly: 1.30%
• Daily: 0.00%
USDC VaultUSDC$1m6.00%None• Yearly: 3.46%
• Daily: 0.01%
BUSD VaultBUSD$1m4.83%None• Yearly: 3.46%
• Daily: 0.01%
WBTC VaultWBTC$218k4.83%None• Yearly: 1.30%
• Daily: 0.00%
DAI VaultDAI$152k0.96%None• Yearly: 3.46%
• Daily: 0.01%
YFII VaultYFII$99k0.67%None• Yearly: 0.26%
• Daily: 0.00%
YYDAI+YUSDC+YUSDT+YTUSD VaultyyDAI+yUSDC+ yUSDT+yTUSD$48k0.44%None• Yearly: 3.46%
• Daily:0.01%

7. HodlTree

HodlTree

Protocol TVL

👉 HodlTree has a total TVL of $651,654.03.

 

Protocol Overview

👉 HodlTree is a lending protocol of the second generation. The ultimate purpose of the protocol is to upgrade the present architecture and enable lenders to get much more attractive interest rates (from 8 to 20%+ APY) for cryptocurrencies, while borrowers can borrow for free.

 

👉 The HodlTree does this using the following strategy for collateral placement. First, 80% of borrowers’ collaterals are put in modules that generate interest rates, while the other 20% are kept in a reserve pool for quick use.

 

👉 In addition, 80% of unused lender funds are put in interest rate-generating modules, while the remaining 20% are retained in a reserve pool for rapid lending. HTRE coin is the ERC-20 native token of the HodlTree Protocol.

 

👉 HTRE tokens enable community participation in governance. After the launch of the mainnet, HTRE token holders will discuss, propose, and vote on any protocol modifications.

 

👉 When Kenyans want to submit a proposal to a vote, they must stake at least 3% of all tokens. At least 20% of all holders must vote to approve a proposal. Each HTRE token represents a single vote.

 

👉 If the quantity of borrowed money exceeds the user’s borrowing limit, the HodlTree protocol initiates the liquidation operation. HodlTree entices investors by liquidating their debt at a discount from its current price.

 

👉 If insufficient, the protocol will initiate the liquidation operation utilizing the decentralized aggregator Paraswap. Any user who has the lent asset could participate in the liquidation. All remaining monies after liquidation will be available for withdrawal by the Borrower.

 

Liquidity Pool and Pairs

💻 Pool📊 Pair💵 TVL﹪ TVL % Total💰 Impermanent Loss🗓 APY Daily/Yearly
HodlTree balancerHTRE-USDC$470k72.14%High• Yearly: 28.31%
• Daily: 0.08%
HodlTree UniswapHTRE-USDC$181k27.86%High• Yearly: 28.31%
• Daily: 0.08%

The Best Crypto CFD Brokers in Kenya

👉 This article lists the best brokers that provide crypto CFD trading opportunities to traders in Kenya. In addition, we have further identified the brokers that offer additional services and solutions to Kenyan traders.

 

Best MetaTrader 4 / MT4 Crypto Broker in Kenya

Overall Rating

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

on IG Group’s website

👉 Overall, IG is the best MT4 Crypto Broker in Kenya. IG is a multi-regulated MetaTrader 4 broker with a worldwide footprint. Furthermore, IG provides a variety of add-ons and indicators for MT4 that Kenyans may utilize to their benefit.

 

Best MetaTrader 5 / MT5 Crypto Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

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

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

👉 Overall, Pepperstone is the best MetaTrader 5 Crypto Broker in Kenya. Pepperstone is a well-known ECN broker that provides two trading accounts on MT5 and two additional platforms. Subsequently, Kenyans can anticipate razor-thin spreads starting at 0.0 pips and ultra-low fees each round turn.

 

Best Crypto Broker for beginners 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 Crypto broker for beginners in Kenya. In addition, AvaTrade is also a market-leading Dealing Desk broker that caters to beginner traders in Kenya.

 

👉 AvaTrade’s comprehensive teaching resources, including various manuals and tools, are available to all traders.

 

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. There is no minimum deposit required when traders open an Axi account.

 

👉 Axi enables all traders to start trading cryptocurrencies with any amount of money. In addition, Kenyans can trade crypto CFDs on Axi’s strong trading platforms.

 

Best ECN 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

on HFM (Formerly Known as Hotforex)’s website

👉 Overall, HFM is the best ECN Crypto Broker in Kenya. HFM is a MetaTrader-only broker that offers ECN and STP trading accounts.

 

👉 Therefore, Kenyans can trade EUR/USD and other key instruments such as crypto CFDs starting on 0.0 pips and with low commissions.

 

Best Islamic / Swap-Free Crypto Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FP Markets is the best Islamic / Swap-Free Crypto Broker in Kenya. FP Markets offers swap-free Raw and Standard Accounts options to Muslim traders.

 

👉 Kenyans could also open an account using MT4 or MT5 and access a broad choice of halal trading instruments.

 

Best Crypto Trading App in Kenya

👉 Overall, Trading 212 is the best Crypto Trading App in Kenya. Furthermore, trading 212 is one of the most well-known and popular trading platforms (over 14 million on iOS and Android).

 

👉 Kenyans can purchase and trade crypto CFDs quickly and affordably with Trading 212.

 

Best Kenyan Shilling Trading Account Crypto Broker in Kenya

Overall Rating

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 KES trading account Crypto Broker in Kenya. SuperForex offers STP and ECN trading accounts with several local currencies that can be used as the base currency, including KES. In addition, SuperForex offers 9 crypto CFDs to Kenyans that can be traded via MT4.

 

Best Lowest Spread Crypto Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA

Trading Desk

WebTrader

Total Pairs

70

Crypto

Yes (Availability subject to regulations)

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Plus500 is the best lowest spread Crypto Broker in Kenya. Plus500 is a reputable Market Maker broker with tight spreads and no commission fees.

 

👉 Plus500 provides a powerful custom trading platform for crypto CFDs and enables Kenyans to optimize their trading strategy with many trading tools.

 

Best NDD 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 NDD Crypto Broker in Kenya. In addition, Exness is one of the top non-dealing desk brokers in Kenya (NDD).

 

👉 Exness aggregates the best price from some leading liquidity sources, leveraging STP and ECN execution on transactions.

 

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

👉 Overall, FOREX.com is the best STP Crypto Broker in Kenya. The user-friendly trading interface at FOREX.com offers increased pricing, execution, and worldwide market access.

 

👉 Furthermore, FOREX.com focuses on foreign exchange (FX), contracts for difference (CFD), and related services.

 

Best Sign-up Bonus Broker in Kenya

Overall Rating

Min Deposit

USD 1 / 116 KES

Regulators

CySEC, FSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

4

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, InstaForex is the best sign-up bonus broker in Kenya. When traders open an account and deposit cash, InstaForex provides three incentives.

 

👉 Furthermore, a $1,000 no-deposit incentive can give Kenyans trading credit to experience the live market risk-free.

Yield Farming Strategies and Methods for Kenyans

Yield Farming Strategies and Methods for Kenyans

👉 Most yield farming strategies can operate as a passive income strategy. However, in yield farming, things change extremely quickly, so searching for a suitable strategy might feel tedious to most Kenyans.

 

👉 Kenyans need to consider the two types of arbitrary categories involved with yield farming: effortful and effortless yield farming.

 

👉 The easy method settles for on-chain prospects comparable to those most prevalent in conventional finance: slow-paced yield farming with a consistent, regular, and secure revenue inflow without constantly seeking out greater returns.

 

👉 Examples of effortless yield farming include lending, staking, farming on centralized exchanges, and liquidity provision. In addition, Kenyans can use stablecoins or several high market capitalization cryptocurrencies.

 

👉 Effortful yield farming, however, is characterized by a frenetic pace, an increased exposure to risk, and, in most cases, a mercenary attitude to capital.

 

👉 Overcoming market and technology-related risks demands skill in managing money and a certain degree of understanding. This strategy yields attractive outcomes but requires a greater investment of work and risk tolerance from the investor.

 

👉 High-quality farming includes yield farming with high-risk assets such as governance tokens and NFTs, hunting for pool 2s, and merging several services to further financialize assets.

 

👉 Those who wish to become yield farmers must understand the distinctions between the two ways and follow investment strategies that align with their financial objectives and risk tolerance.

 

Lending

👉 On decentralized money markets like Aave and Compound, investors may lend stablecoins, majors, and alt-native tokens, or they can utilize platforms to lend to approved enterprises.

 

👉 Several loan markets optimize for various asset classes and provide innumerable on-chain options. However, the more an investor strays from battle-tested applications, the greater their vigilance is required.

 

👉 In addition to selecting less popular platforms, lending volatile application tokens is another risky tactic in decentralized money exchanges.

 

👉 Suppose an investor intends to store a token expecting a price gain. In that case, they might prefer placing these assets to work rather than leaving them in their wallet, where they will be diluted by token emissions or unlocks.

 

Staking

👉 Investors holding native tokens for networks with inflationary tokenomics may find staking essential for hedging against dilution and reaping the rewards. As opposed to lending and providing liquidity, staking L1 tokens is a safer investment approach for the network’s success.

➡️ Native protocol tokens could be staked on Proof-of-Stake (PoS) blockchains to take part in chain security and earn rewards for validating blocks.

➡️ Staking ether on centralized exchanges or SaaS (staking-as-a-service) applications

➡️ Kenyans can participate in staking SOL using Lido or Marinade.

➡️ Staking the native tokens for Cosmos Ecosystem chains like Secret Network, Osmosis, and Cosmos Hub on the Keplr Wallet app (examples can be extended to every PoS chain)

➡️ Earning rewards on their deposit are all viable alternatives for investors who cannot afford to stake at the protocol level.

➡️ Staked positions can be represented in a liquid form, such as stETH from Lido, allowing investors to access their locked assets in DeFi and participate in block validation.

➡️ Wrapping stETH into wstETH, matching the amount with Wrapped Ether (WETH), and transferring it to the balancer’s wstETH-ETH pool as liquidity is a popular approach among investors since it increases their overall profits.

 

👉 Staking is locking money in exchange for financial and application-specific advantages. It is used in the context of tokens inside applications such as Illuvium’s ILV, Curve Finance’s CRV, and Balancer Finance’s BAL.

 

👉 In addition, Kenyans who do not possess stakeable ERC20 tokens but do not plan to utilize them on any other DeFi services could benefit from this mechanism.

 

Liquidity Provision

👉 Kenyans could boost the capital efficiency of decentralized exchanges by lending their assets to them, and in return, they would get a cut of the trading earnings earned on those assets.

 

👉 Although there is a wide range of risk in the realm of liquidity provision, from the most secure havens in DeFi (stablecoin pools) to the most possibilities on the market, it is also home to the tactics with the greatest financial upside potential.

 

👉 Some options that Kenyans have in terms of Liquidity Provision are:

➡️ Liquidity provision for EVM-compatible chains and L2-based AMMs like Uniswap and Sushiswap

➡️ Alternatively, you might engage in yield farming on option services like Hegic, Opyn, and Dopex or provide liquidity to CLOB DEXs such as dYdX and Injective Chain.

➡️ Another common tactic is to deposit stablecoins and other important assets like ETH, stETH, BTC, and WBTC to StableSwap, like Curve Finance, as liquidity in exchange for trading incentives. The ecosystem added additional phases in this method that Curve Finance spawned. For example, Kenyans can stake their LP tokens, which reflect their lending position, on services like Convex Finance or the yveCRV vault on Yearn Finance to boost their returns.

 

NFTs

👉 Although it is a new market, NFT-Fi provides investors with a few passive return-generating instruments, including:

➡️ Staking the NFT for fungible tokens is a systematic method of earning. Several projects use both NFTs and fungible tokens in their tokenomics.

➡️ Another widespread potential for holders of NFTs is to increase the liquidity of vaults by depositing their assets on NFT lending platforms such as NFTX, where they would get a return on their investments.

 

Automated Strategies

👉 Certain DeFi services offer investors automated fund management based on specified, smart contract-executed methods. Here are some instances:

➡️ Kenyans could automate the execution of more complicated farming tactics by using a service to generate yields, such as Yearn Finance on Ethereum or Yield Yak on Avalanche.

➡️ Kenyans can use an automated platform for option strategies such as Ribbon Finance, Katana, and Friktion.

➡️ Referring to automated liquidity management systems like Arrakis Finance and Gamma Finance for delivering liquidity to next-generation AMMs (such as Uniswap V3) and having these platforms manage the position.

 

Hunting for Pool 2s

👉 More advanced users often look for pool 2 incentives with profitable (occasionally absurd) returns.

 

👉 This is a highly competitive and predatory zone sometimes referred to as the PvP portion of cryptocurrency since, in certain situations, it emulates a Ponzi scheme in which the program’s primary goal is to reward the early players with eventual exit liquidity.

 

👉 New apps attract money with three, four, and often ten-digit or more APYs given in their application token. Some pool 2s are sustainable, but others are like hay fires, blazing magnificently for a brief period before the incentives run out.

 

👉 To be regarded as a viable farming plan, they demand considerable risk analysis, active monitoring, and extraordinary adaptability from the investor.

Conclusion

👉 Yield farming is popular because cryptocurrency investors want exposure to their preferred assets while collecting income. However, smart contract failures, frauds, and temporary losses have cost crypto investors hundreds of millions of dollars.

 

👉 Therefore, Kenyans must be wary of absurdly high-interest projections and always do due diligence on DeFi sites before investing.

FAQ

Is crypto yield farming profitable for Kenyans?

Yield farming has a high potential reward for Kenyans and an exceedingly high chance of failure.

 

Is crypto farming legal in Kenya?

Yield farming involves crypto, and while this is not prohibited in Kenya, regulators warn against the risks involved with digital currencies.

 

Is staking and yield farming the same?

There are distinct differences between staking and yield farming. Staking can mean anything from locking up a cryptocurrency, for instance, ADA, to become a validator node on the Cardano blockchain.

In contrast to yield farming, where a DeFi protocol receives liquidity in return for yield. Farmers strive to maximize their profits on investments and may often transfer between pools to do so.

 

How do yield farmers make money?

In yield farming, investors migrate their tokens and coins to the platforms paying the greatest APYs, weekly or even daily.

 

Is yield farming crypto halal?

For yield farming to be halal, the tokens must comply with sharia, and the return must not be guaranteed. In addition, yield farmers must have the ability to either gain or lose liquidity.

In addition, the yield farmer must receive a specific number of tokens that are not guaranteed, and which can be recalled later.

Conclusion

👉 Now it is your turn to participate:

➡️ What inspired you to start trading forex?

➡️ What have your experiences been in trading forex?

➡️ Which risk management strategy can you share with other traders?

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, all financial markets feature a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

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