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7 Best Ethereum Trading Platforms in Kenya

7 Best Ethereum Trading Platforms in Kenya

The 7 Best Ethereum Trading Platforms in Kenya revealed. We tested and verified the best Ethereum Trading Platforms for Kenyan Traders.

This is a complete list of Ethereum Trading Platforms in Kenya.

In this in-depth guide you’ll learn:

  • What is an Ethereum Trading Platform?
  • What is the best crypto trading platform in Kenya?
  • Where can you buy Ethereum as a Kenyan trader?
  • How to compare Ethereum Trading Platforms against each other?
  • How and can I trade Bitcoin with $5 (602 KES)?
  • Which brokers offer a signup bonus on a $5 (602 KES) deposit?


And lots more…

So if you’re ready to go “all in” with the best-tested Ethereum Trading Platforms in Kenya…

Let’s dive right in…

Updated : September 30, 2022

7 Best Ethereum Trading Platforms in Kenya (Updated 2022)

  1. OKX
  2. KuCoin
  3. Binance
  4. Bittrex
  5. CEX.io
  6. Bitfinex
  7. Poloniex

What is a Crypto Trading Platform?

👉 Crypto-trading platforms are platforms that facilitate the exchange of one digital currency for another. It may also include the exchange of digital money for fiat cash. In the last few years, the cryptocurrency industry has seen the rise of new trading platforms.

 

👉 Nonetheless, not all trading platforms function on the same quality premise. Several types of crypto trading platforms could assist you in understanding how cryptocurrency trading works.

 

👉 A cryptocurrency trading platform permits peer-to-peer transactions. They compare your purchasing and selling prices with other users’ orders. Once the sums match, the exchange occurs.

1. OKX

OKX

Overview

👉 In 2014, the OKEx cryptocurrency exchange was established in Hong Kong under the moniker OKEx. It belongs to the same category as one of the first platforms on the OKCoin market. The platform formally relocated to Malta in 2018.

 

👉 More than 800 trading items and about 30 fiat currencies are available to market participants on OKX. Simultaneously, the website allows crypto trading and futures trading utilizing Bitcoin, Ethereum, Litecoin, XRP, and other virtual assets.

 

👉 In January 2022, OKEx formally announced the company’s rebranding and name change to OKX. The rebranding changed the design of the cryptocurrency exchange, and the brand’s future was subsequently amended.

 

👉 In addition, the corporation reported considerable success in 2021. There is now a unified account system, currency conversion, and a new distributed ledger technology platform for making your own token.

 

👉 OKX has become one of the world’s leading digital asset exchanges. It is one of the world’s largest trading platforms because of its extensive coin portfolio, high trading volume, and cheap fees.

 

👉 The exchange is recognized as one of the greatest locations to trade cryptocurrencies. However, since it does not natively offer fiat cash, it might not be ideal for beginning users.

 

👉 On the other hand, enrolling for OKX is simple and provides users with access to a range of tools, like crypto earn and NFTs. OKX is accessible through its website, desktop client for macOS and Windows, and mobile application for iOS and Android devices.

 

👉 In addition, desktop software is available for download through the OKX website. At the same time, mobile applications may be found in their respective app stores.

 

👉 OKX has several distinguishing characteristics, the first of which is its extensive selection of tradable crypto coins and tokens. The unique and well-stocked platform reduces the likelihood that you will need to visit another exchange to locate the desired commodity.

 

👉 The Earn program enables users to generate passive income via staking, yield farming, and lending, among other methods. The Earn program is also supplemented by OKExChain, which gives users access to decentralized money.

 

👉 Creating an account takes less than five minutes if you want to finance it with a cryptocurrency deposit, and sign-up is quite simple.

 

Criteria

💻 Platform Criteriaℹ️ Information
Exchange LocationBelize
Exchange Score6.1
Market Ranking#17
Average Trading Volume (24h)$1,107,953,179
Average Liquidity488 BTC
Average Regular Visitors (Weekly)1,643,498
Number of Coins819
Number of Trading Pairs617
Fiat Currency SupportedYes
Cybersecurity ScoreA
Penetration Test Done?Yes
Proof of Funds?Yes
Bug Bounty?Yes
Twitter Followers1,590,899
Alexa Rank#2367

 

Pros and Cons

✔️ Pros❌ Cons
OKX has low trading fees of 0.1%.There is low liquidity on some cryptocurrency coins.
Kenyans can use high interest staking opportunities to earn passive income.There are some mixed reviews on the exchange.
Traders can easily buy Shiba Inu using a bank account, digital wallet, or bank card.

2. KuCoin

KuCoin

Overview

👉 The exchange started accepting customers in the middle of 2017, although its founders have been involved with blockchain projects since 2011. KuCoin’s foundational technology was developed in 2013, but it required years of refinement to become the successful platform it is today.

 

👉 Currently, the company’s central office may be found in Seychelles. However, it has been said that the company employs around 300 employees worldwide.

 

👉 In 2019, KuCoin underwent significant upgrades to its platform. When Platform 2.0 was implemented in February, it took on its present look. The upgrade included additional features, including an advanced order type and an application programming interface.

 

👉 Now known as KuCoin Futures, KuCoin first launched in June under KuMEX. The exchange also allowed margin trading with 10x leverage later in the year.

 

👉 To strengthen its compliance efforts, KuCoin began working with blockchain analytics and monitoring business Chainalysis in June 2020.

 

👉 The partnership with Chainalysis allows KuCoin to provide some of the most competitive fees in the market for trading cryptocurrencies. In addition, the price is straightforward and uncomplicated.

 

👉 The flat rate of 0.1% applies to all trades. However, you may get a deeper discount on trading fees based on the number of trades you have made over the last 30 days or the number of KuCoin Shares (KCS) you possess.

 

👉 Also, you may cover some of your KCS Pay trading fees with KCS tokens. The exchange also has a special scheme for big institutional investors to reduce their trading fees. For futures contracts, KuCoin Futures offers flexible financing fees.

 

👉 As it adjusts to the prevailing financing rates, the USD/USDT loan rate may move in either direction.

 

👉 This change implies that under normal market circumstances, the funding cost of KuCoin perpetual futures will be $0, down from the existing difference of 0.030% between the base currency and the quote currency of the funding rate.

 

Criteria

💻 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

3. Binance

Binance

Overview

👉 Binance is a famous cryptocurrency exchange offering various commodities, including Ethereum. In addition, Binance also offers Bitcoin futures and options, a cryptocurrency derivative that uses leverage.

 

👉 Binance also offers P2P exchanges and savings accounts where you may earn interest on your Ethereum holdings.

 

👉 Binance’s fees and commission structure are often praised for being among the lowest in the industry. Binance fees start at only 0.1% each slide and could go much lower based on your trading volume and Binance Coin balance (BNB).

 

👉 When the asset library is further sliced and diced, crypto-to-crypto markets make up most asset pairings. To clarify, this means trading one digital currency for another. The fact that Bitcoin and Tether may be traded together in the BTC/USDT pair is evidence of this.

 

👉 About $50 billion has been traded here in the last 24 hours, making Binance its largest trading platform. Importantly, you may only use digital currency to fund your Binance account if you are trading with cryptocurrencies.

 

👉 For instance, the BTC/ETH exchange makes it simple to trade Bitcoin for Ethereum. However, crypto-to-cryptocurrency pairings are not sufficient to buy Bitcoin using fiat currency.

 

👉 Binance’s many fiat markets make it possible to trade digital assets with any currency. However, Bitcoin/US Dollar and Ethereum/US Dollar in dollar-denominated markets see the greatest action.

 

👉 But other fiat currencies like the British pound, the Euro, and the Australian dollar might also be used to acquire digital assets.

 

Criteria

💻 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. Bittrex

Bittrex

Overview

👉 In operation since 2014, Bittrex is an excellent alternative for busy traders seeking cheap costs and various order types. Bittrex is a globally renowned crypto platform that facilitates the buying, selling, and trading more than 706 cryptocurrencies.

 

👉 Kenyans can take advantage of cheap costs, a variety of order kinds, and an array of security safeguards to safeguard their assets. Bittrex’s extensive features may satisfy the requirements of most cryptocurrency investors, although its costs are not the lowest accessible.

 

👉 Non-specialist users should know that Bittrex’s immediate purchase platform might incur spread costs that render it uncompetitive. At the same time, experienced traders may choose more complex alternatives, such as leveraged trading.

 

👉 Bittrex, like many other cryptocurrency exchanges, bases its fee structure on the maker/taker paradigm.

 

👉 Orders are classified as either makers, which increases exchange liquidity, or takers, which decreases exchange liquidity. As maker orders boost market liquidity, they often incur a smaller charge than taker orders.

 

👉 It is hard to predict whether a given transaction will increase or decrease liquidity. Therefore, you will not know whether you are paying a maker or a taker charge until the order is executed.

 

👉 Bittrex offers volume discounts that minimize transaction costs depending on your 30-day trading volume. In short, the more you trade, the lower your fees, but you must trade tens of thousands of dollars’ worth of cryptocurrency monthly to qualify.

 

👉 The trading experience on Bittrex is simple. Users can easily access their trading dashboard through a desktop or the Bittrex mobile app, which is compatible with Android and iOS.

 

👉 The “Instant Buy/Sell” function on the desktop interface makes it easy to buy or sell Ethereum immediately. To achieve this, Kenyans can use a debit card, bank account, or Bittrex account balance.

 

👉 In addition to a basic trading experience, Bittrex provides customers with a real-time snapshot of the accessible markets.

 

👉 Additionally, complex order types like stop, stop limit, trailing stop, and the platform supports laddered orders. By staking ADA on Bittrex, those interested in staking may earn up to 5.5% in Cardano (ADA) pay-outs.

 

Criteria

💻 Platform Criteriaℹ️ Information
Exchange LocationUnited States
Exchange Score5.8
Market Ranking#20
Average Trading Volume (24h)$20,803,291
Average Liquidity434 BTC
Average Regular Visitors (Weekly)123,614
Number of Coins706
Number of Trading Pairs361
Fiat Currency SupportedYes, USD
Cybersecurity ScoreAA
Penetration Test Done?Yes
Proof of Funds?Yes
Bug Bounty?Yes
Twitter Followers1,000,515
Alexa Rank#13441

 

Pros and Cons

✔️ Pros❌ Cons
Bittrex is a highly secure exchange with an excellent crypto asset collection.Bittrex’s customer support receives many bad reviews.
The fees are low, and they decrease as trading volumes increase.Navigation of the crypto exchange could be challenging for beginners.
Kenyans can access a range of advanced trading tools along with educational material.

5. CEX.io

CEX.io

Overview

👉 CEX.io is a cryptocurrency exchange website established in 2013. CEX.io enables you to purchase, sell, and keep Ethereum in your account.

 

👉 In addition, the exchange account allows Kenyans to perform transactions involving fiat currency and cryptocurrency using card payments and bank transfers.

 

👉 This London-based cryptocurrency exchange handles more than 220 digital currencies and tokens, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Uniswap (UNI).

 

👉 Late in 2016, in response to the shutdown of GHash.IO due to a lack of profitability, CEX.io ceased cloud mining. Instead, the business turned its attention to constructing a worldwide network of bitcoin exchanges.

 

👉 CEX.io has evolved into a reputable cryptocurrency exchange that serves a user base of more than 4 million. Its many offerings serve all users, Traders, and Businesses.

 

👉 CEX.io has different sections, and under the “Everyone” features, Kenyans will find a digital currency wallet, stakeable exchanges, and a cryptocurrency lending platform.

 

👉 Spot trading, margin trading, and the exchange’s mobile app for on-the-go trading are advantageous to “traders.” In addition, CEX.io PRIME, which offers institutional-grade crypto trading services, is now available to “Businesses.”

 

👉 Commission-free margin trading is available on CEX.io’s CEX.io Broker platform. In addition, the company accepts credit cards from consumers in a few European countries.

 

👉 By establishing an anti-fraud mechanism, CEX.io assures the security of its users while they trade on its platform. The platform is PCI DDS and GDPR compliant (GDP).

 

👉 Complete data encryption and hot and cold storage techniques safeguard your cash. CEX.io also provides two-factor authentication, which protects accounts from unwanted access and ensures that only authorized users can log in.

 

Criteria

💻 Platform Criteriaℹ️ Information
Exchange LocationUnited Kingdom
Exchange Score4
Market Ranking#86
Average Trading Volume (24h)$3,019,600
Average Liquidity496 BTC
Average Regular Visitors (Weekly)253,868
Number of Coins228
Number of Trading Pairs114
Fiat Currency SupportedYes
Cybersecurity ScoreDDD
Penetration Test Done?No
Proof of Funds?Yes
Bug Bounty?No
Twitter Followers127,215
Alexa Rank#21102

 

Pros and Cons

✔️ Pros❌ Cons
BDSwiss is one of the trusted forex brokers with a high trust score that provides client protectionThere are high minimum deposits on more premium accounts
There are commission-free options offeredFixed spreads are not offered
There are competitive conditions with tight spreads and low commissionsThere are some regional restrictions applied to some countries
BDSwiss has a large client base spread across the globeThe raw spreads are not the tightest
There are more than 250 CFDs to trade and several financial assets and classesBDSwiss does not offer a deposit bonus or any other initiative
BDSwiss offers a high maximum leverage ratio up to 1:1000Does not offer a specific Kenyan client or terminal
Accepts electronic payments from Skrill, Neteller, and other trusted methodsCurrency conversion fees are charged
Offers a powerful proprietary trading platform along with MetaTrader 4 and 5There is an inactivity fee charged on dormant accounts
There is a massive selection of educational material and trading tools, covering all aspects of tradingWithdrawal fee applied on the bank wire withdrawal option for certain amounts
Provides advanced charting tools and analytical material There are no Kenyan Naira deposits allowed and there is no NGN account offered
Deposit fees are not charged on deposit methodsThere is no desktop version of the proprietary trading platform
Offers a demo account and Islamic Account
BDSwiss offers a decent range of payment methods
There is a choice between dynamic retail investor accounts

6. Bitfinex

Bitfinex

Overview

👉 Bitfinex was created in 2012, making it one of the earliest cryptocurrency exchanges. This exchange, designed for professional and institutional traders, has some of the greatest BTC/USDT volume in the business, partly due to the 100x leverage it provides traders.

 

👉 Bitfinex features various order types, leverage trading, and over-the-counter (OTC) trading. Unique features make Bitfinex a suitable platform for experienced traders seeking sophisticated options and cheap costs.

 

👉 Bitfinex was the victim of two high-profile attacks in May 2015 and August 2016 while providing customers with sophisticated security measures, including two-factor authentication (2FA) and IP address tracking.

 

👉 In response, the exchange refunded the stolen monies, having learned from prior breaches, and strengthened its security.

 

👉 Bitfinex prioritizes security despite its centralized architecture since it provides greater security measures for users and takes more security procedures than other exchanges.

 

👉 Kenyans could also use Universal 2nd Factor (U2F) authentication, which requires them to log in with an extra physical device such as a USB stick. Additionally, a geographically dispersed multi-signature mechanism keeps 99.5% of customer money in cold storage.

 

👉 Bitfinex is surprisingly user-friendly for a platform that solely caters to professional traders. It offers a simple, straightforward, logical dashboard and a mobile application (Android & iOS).

 

👉 There is a graph depicting the value of the chosen currency at the top, a sidebar with an order form and the user’s balances, and boxes displaying Bitfinex’s order book, incoming transactions, and the user’s order history at the bottom.

 

👉 In addition, the interface is extremely configurable and equipped with extensive charting capabilities that combine TradingView charts.

 

Criteria

💻 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

7. Poloniex

Poloniex

Overview

👉 Poloniex may seem to be the perfect cryptocurrency exchange for all investors. This platform’s low trading costs and extensive cryptocurrency selection make it an intriguing alternative.

 

👉 In addition, it provides margin trading products, cryptocurrency loans, and several trading platforms for buying and selling the extensive list of supported currencies.

 

👉 The Poloniex cryptocurrency trading platform is legally and officially accessible and trade-wise available to most countries, except for a handful.

 

👉 The United States, Cuba, Iran, North Korea, Sudan, and Syria are among the nations whose inhabitants and people are prohibited from using Poloniex for trading and exchange. In the first quarter of 2018, a firm known as M/s. Circle bought Poloniex.

 

👉 Circle company’s purchase of Poloniex marked the beginning of its metamorphosis into one of the first fully regulated digital currency exchanges globally.

 

👉 The Poloniex platform has a simple, streamlined, and user-friendly design, along with the trading view charting tool. These features make it a trading exchange that is an ideal starting place for novice traders and those with more trading experience.

 

👉 This platform’s registration and verification processes are basic and straightforward, so Kenyans can join and begin trading in minutes.

 

👉 One of the most notable characteristics of the Poloniex Exchange is that it charges the lowest cryptocurrency trading fees for many trading pairs as of the current market date.

 

Criteria

💻 Platform Criteriaℹ️ Information
Exchange LocationSeychelles
Exchange Score5.6
Market Ranking#28
Average Trading Volume (24h)$34,047,217
Average Liquidity372 BTC
Average Regular Visitors (Weekly)201,728
Number of Coins426
Number of Trading Pairs268
Fiat Currency SupportedNo
Cybersecurity ScoreC
Penetration Test Done?No
Proof of Funds?Yes
Bug Bounty?No
Twitter Followers503,431
Alexa Rank#12990

 

Pros and Cons

✔️ Pros❌ Cons
Poloniex’s top fee tier begins at 0.155%, which is quite cheap compared to other cryptocurrency exchangesYou can only place a buy and sell order with the market, limit, or stop-limit criteria on the active trading platform
Kenyans can use a simple purchase form, an active trading site, or a suitable wallet to connect to Poloniex’s decentralized exchangeExisting and former customers report unsatisfactory customer support replies
Kenyans can easily purchase and trade more than 420 different currencies at the current market ratePoloniex was hacked in 2014 and again in late 2020, with hackers stealing 12.3% of the exchange’s coins the first time and $4 million in Bitcoin (about 6% of exchange assets) the second

How to choose the Right Ethereum Trading Platform in Kenya

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

 

Regulations and Licenses

👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Kenyans must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.

 

Account Features

👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.

 

Deposits and Withdrawals

👉 Kenyans must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.

 

Range of Markets

👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Kenyans must consider what they wish to trade and what is available.

 

Customer Support

👉 Customer Support is another crucial factor and Kenyans must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.

 

Trading Platform

👉 A trading platform is the Kenyan trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.

 

Education and Research

👉 Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:

➡️ eBooks

➡️ Trading guides

➡️ Trading knowledge on leveraged products

➡️ A risk warning on complex instruments

➡️ Educational videos

 

👉 Research can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Status of International Markets

➡️ Price movements

➡️ Market sentiments

➡️ Whether there is a volatile market

➡️ Exchange Rates

➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.

The Best Ethereum Brokers in Kenya

👉 In this article we have listed the best Forex Platforms in Kenya that offer trading platforms in Kenya. We have further identified some forex brokers that offer additional services and solutions to Kenyan traders.

 

Best MetaTrader 4 / MT4 trading platform broker in Kenya

Best MetaTrader 4 / MT4 trading platform

👉 Overall, Exness is the best MetaTrader 4 / MT4 trading platform in Kenya. Exness has offices in Cyprus, the United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao.

 

👉 Exness provides a number of benefits such as low commissions, instantaneous order execution, and the opportunity to withdraw money immediately via various instant withdrawal alternatives.

 

Best MetaTrader 5 / MT5 Forex Platform broker in Kenya

Best MetaTrader 5 / MT5 Forex Platform

👉 Overall, HF Markets is the best MetaTrader 5 / MT5 trading platform in Kenya. HF Markets was previously known as HotForex. It offers a variety of pricing alternatives and account types. HF Markets has competitive fees and spreads that average 0.1 for the EUR/USD currency pair.

 

Best Forex platform for beginners in Kenya

Best Forex platform for beginners

👉 Overall, Tickmill is the best trading platform for beginners in Kenya. Tickmill is reputable and trustworthy forex and CFD broker. Tickmill is regulated by top-tier regulators like FSCA (South Africa), FCA (UK), and CySEC.

 

👉 Tickmill offers instant internet banking deposit methods and quick bank transfer withdrawals.

 

Best Minimum Deposit Forex platform in Kenya

7 Best Ethereum Trading Platforms in Kenya

👉 Overall, FBS is the best trading platform for the lowest minimum deposit in Kenya. FBS is in operation since 2009 and has evolved to become a large, reputable international forex and CFD broker. FBS offers competitive trading conditions, a range of accounts, advanced trading tools, and several other advantages to Kenyan traders.

 

Best ECN Forex platform in Kenya

Best ECN Forex platform

👉 Overall, Oanda is the best ECN platform in Kenya. Oanda gives customers access to a variety of financial products for seasoned investors.

 

👉 Oanda offers quick and reliable transaction execution. Oanda’s research resources are superior to industry standards. Its user interfaces are easy to understand and it has a good track record of regulatory oversight.

 

Best Islamic / Swap-Free Forex platform in Kenya

Best Islamic / Swap-Free Forex platform

👉 Overall, BD Swiss is the best Islamic Forex Broker in Kenya. BD Swiss is a well-regulated and reputable broker with a large international clientele. BD Swiss offers a wide range of products for trading. BD Swiss also offers trading in many cryptocurrencies.

 

Best trading platform Forex Trading App in Kenya

Best trading platform Forex Trading App

👉 Overall, OctaFX has the best forex trading app for traders in Kenya. OctaFX operates from Saint Vincent and the Grenadines. OctaFX serves traders from all over the world, including those in African countries like Kenya.

 

👉 Kenyan traders can trade forex currency pairs, Index CFDs, commodities, and cryptocurrencies with OctaFX’s award-winning services from investors around the world.

 

Best Lowest Spread Forex platform in Kenya

Best Lowest Spread Forex platform

👉 Overall, Alpari is the best Low spread Forex platform in Kenya. Alpari is trustworthy and reliable as a market maker broker. Alpari is regarded as a broker with a low level of risk. Trading speeds are guaranteed to be swift. More than 2 million customers are enrolled with Alpari.

 

Best Nasdaq 100 Forex platform in Kenya

Best Nasdaq 100 Forex platform

👉 Overall, FXTM is the best Nasdaq 100 forex platform in Kenya. FXTM aims to provide the best trading conditions for traders of all levels. For the safety and security of their clients’ cash, they keep such funds in segregated accounts.

 

👉 The broker is ideal for active trading and investment opportunities for traders of all skill levels.

 

Best Volatility 75 / VIX 75 Forex platform in Kenya

Best Volatility 75 / VIX 75 Forex platform

👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 Forex Platform in Kenya. AvaTrade is trustworthy and well regulated. AvaTrade offers a single live trading account but traders have the choice to trade with either a Retail trading account or a Professional trading account.

 

Best NDD Forex platform in Kenya

Best NDD Forex platform

👉 Overall, XM is the best NDD forex platform in Kenya. XM is regulated by strict financial regulators in all relevant jurisdictions. XM offers a balanced mix of all the features that users value: security, support, ease of account funding, and withdrawal. XM charges low fees.

 

Best STP Forex platform in Kenya

Best STP Forex platform

👉 Overall, Pepperstone is the best STP Forex platform in Kenya. Pepperstone gives traders across the world access to all markets backed up by very good customer care. Pepperstone also offers modern technology, low spreads, and high-speed execution.

 

Best sign up bonus trading platform in Kenya

Best sign up bonus trading platform

👉 Overall, FP Markets is the best Sign Up bonus trading platform in Kenya. FP Markets offers stocks, indices, foreign exchange (forex), commodities, and cryptocurrencies to trade. FP Markets has a user-friendly mobile app and a variety of account types to choose from.

Conclusion

👉 Although most cryptocurrency traders will focus on Bitcoin, many investors prefer to purchase Ethereum. Kenyans can trade Ethereum on a few safe and reliable trading platforms. The platforms we have mentioned provide various trading options and charge costs that are on par with or lower than those charged by competitors.

FAQ

How can I exchange my Ethereum for cash?

On a cryptocurrency exchange that allows crypto-to-fiat currency pairings, you may convert Ethereum to cash.

 

Can I purchase Ethereum in Kenya?

Yes, traders and investors can easily purchase Ethereum in Kenya via a few crypto exchanges that welcome beginner and professional traders and investors.

 

Is Ethereum a worthwhile investment for Kenyans?

Despite the decline in cryptocurrencies, Ethereum is still a solid investment. The September upgrade to Ethereum’s consensus process from proof of work to proof of stake bodes well for the cryptocurrency, and investors are enthusiastic.

 

How can I get started with Ethereum investments in Kenya?

You can start by evaluating your trading requirements and goals. Next, you can find an Ethereum exchange that meets these criteria.

Lastly, you can start studying Ethereum’s price movements and historical prices and practicing trading tactics, then move on to purchasing.

 

Is Binance available in Kenya?

Yes, Binance operates across Africa, and it welcomes Kenyan traders.

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