More than $200 billion has been spent on buying the trillion-dollar crypto – Bitcoin in Kenya. From being a financial hub for investors to having the most skilled and expert bitcoin miners; Kenya today tops the list in having the largest supply and use of bitcoin among the traditional crypto market in Kenya.
Despite virtual currencies operating in a legal vacuum in Kenya due to the fact that they are not regulated by the central bank, there exists a number of ways to buy bitcoin easily. Among all the other useful cryptocurrencies, this trillion-dollar bitcoin is known to be the safest, reliable, and efficient crypto to buy and sell goods or services and transaction money online to any part of the world.
Kenya also has a myriad of rich crypto investors who risked their corporate jobs and chose this revolutionary source of making money swiftly and effectively. Having your bitcoin buying controlled by a few clicks is surely a blessing in a financially critical time.
For a starter, it might be hard to choose the right yet credible way to buy bitcoin today, especially a digital currency that’s not answerable to any government or official authority. Therefore, here are some convenient ways to buy bitcoin in Kenya effectively:
Blockchain wallet
We all are well-acknowledged with the fact that bitcoin works through a secure decentralized platform. Similarly, a blockchain wallet is basically a digital app to store your digital currency safely and allow you to send or receive it anytime you feel the situation favorable.
Buying through a bitcoin wallet in Kenya is considered a safe and widely used way simply by your phone at anytime and anywhere. Such as Bitpal– a highly effective bitcoin wallet that you can run easily on your android, apple, or any digital device.
Using a bitcoin wallet can be critical if you don’t do it smartly. You just need to download it and check if it’s working fine. Next, make your account on the wallet by registering with your few details and digital currency. Lastly, make sure you have a safety backup on these wallets in case you lose, forget, or mishandle your bitcoin by sending it to another location.
Bitcoin Exchanges
Like other cryptocurrencies, bitcoin can also be exchanged with the national currency of Kenya and other African currencies. This exchange with local and foreign currency helps in earning huge profits by exchanging a low-priced digital currency into an expensive or high-value traditional money or vice versa.
Today, hundreds of bitcoin exchanges are a click away to help you with your bitcoin exchange in Kenya. These include several other types of exchanges too, including:
- Merchant exchanges: It is a professional platform to buy bitcoins by exchanging your paper money. Not only is it smooth, easy, and very quick to get you started but also contains the best customer support for local and international Kenyans.
- Bitcoin services: Being a highly volatile and complicated digital currency, you would certainly need major to minor help for smooth buying of your Bitcoin. Thus, these services help with connecting you to the right bitcoin seller and navigate every possibility to ensure you buy a series of true and profitable bitcoins.
- Yellow card: This is a very helpful way to buy bitcoin in Africa without getting targeted by banks and authorities. It lends a helping hand to buy and sell your critical cryptocurrencies like bitcoin and without running into hassle or paper works.
Trading Exchanges
Bitcoin trading has acquired a spurring growth and whopping interest in Kenya for their smart strategies and successes throughout the years. Either you need to buy and sell your bitcoin or directly reach a trading exchange; make sure you only choose the protected bitcoin trading exchange that has high trading volumes and is globally recognized. Kenya has numerous trading exchanges present that offer effective transitions from one end to another in minutes only.
Conclusion:
Bitcoin is undeniably the most progressive digital asset today and buying it has become a lot easier and safe as it was years back. You can do it yourself or hire other services for this important task if necessary, bitcoin is very simple to store and flip it off at the right times.
