Living in Kenya and seeking a good exchange to buy/sell bitcoin? This post got you covered.
Here, I described the 10 best exchanges where you can buy/sell bitcoin in Kenya.
These exchanges were selected after a careful review of the exchanges available to Kenyans.
You will never go wrong if you picked from my list.
If you are ready, let’s get started!
Post Summary
A click on any subheading above will unveil its details.
Enjoy your read!
10 Best Bitcoin Exchanges in Kenya
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1. Belfrics
Belfrics is the first exchange on my list of best bitcoin exchanges in Kenya.
It was founded in 2014 by Praveen Kumaar. The exchange has its headquarters at Malaysia with branches in over 10 countries including Kenya.
Belfrics is regulated by the Labuan Financial Services Authority. This makes it a safe place to trade bitcoin.
In addition to individual transactions, you can also create an account for your business on Belfrics.
This will enable your customers to pay for products or services in bitcoin.
Belfrics allows you to buy Bitcoin using your local currency. And the exchange has a mobile app that is compatible with android and apple devices.
| Exchange Type | Trading |
| Services | – Buy/Sell – Markets – Wallets |
| Payment Methods | – Bank transfer – Cash deposit – Paypal |
| Currencies | BTC, ETH, LTC, XRP, BCH, BEL, KSH, NGN, etc. |
| Pros | – Low Fees – Fast Payments |
| Con | Poor user interface |
| Official Website |
2. Remitano
Another bitcoin exchange available to Kenyans is Remitano, an exchange that is renowned for its very effective P2P feature.
It is a very safe platform, where you can buy/sell bitcoin.
The services of the exchange are superb including wallet, affiliate program, P2P, and games. It supports 16 cryptos: 5 altcoins in addition to Bitcoin in P2P, and 10 altcoins in Invest.
Also, the user interface of the exchange is excellent!
Founded in 2016, Remitano is currently used by 58 countries.
| Exchange Type | P2P |
| Services | – Wallet – P2P – Invest |
| Currencies | BTC, BCH, ETH, LTC, XRP, KES, USD, NGN, etc. |
| Payment Methods | – Bank transfer – Debit/Credit card – Cryptocurrencies |
| Pros | – Solid User Interface – 24/7 Live Chat support – Safe and Secure |
| Con | High Transaction fee |
| Read Review | Official Website |
3. Pursa
We have here another excellent exchange where you can buy/sell bitcoin in Kenya.
Pursa exchange was launched by Mbuh Jude in September 2018. He is also the CEO/Founder of the GlobexCam Group. The company is located in Cameroon.
Impressively, this exchange allows you to buy and sell Bitcoin using any payment method that you prefer.
Talk about AirtelTigo Cash, Bank Transfer, Bitcoin Debit Card, Bitcoin Prepaid Card, Cash, Cash Deposit, Debit Card, International Wire Transfer, Mobile Money, and many others.
Also, the exchange supports over 230 countries including Kenya, Ghana, Cameroon, Nigeria, and Chad.
| Exchange Type | P2P |
| Services | – Buy/Sell – Wallet |
| Currencies | BTC, USD, XAF, GHS, KES, UGX, RWF, ZMW, NGN, etc. |
| Payment methods | Several |
| Pros | – many payment methods – supports many countries – instant buy/sell (no registration needed) |
| Con | Supports only BTC |
| Official website |
4. Coinbase
The next exchange on my list of best bitcoin exchanges in Kenya is Coinbase. It is located in San Francisco, California.
Coinbase was launched in 2012. And presently, it has over 30+ million customers worldwide.
You can buy/sell in Coinbase using your local currency. Also, the exchange has a mobile app that makes transactions a lot easier.
This exchange is known for its offline storage and high class security. Coinbase allows you to store as many crypto assets as possible. Cool, right?
| Exchange Type | Broker |
| Services | – Buy/Sell – Coinbase Pro – Coinbase Prime – Wallet – Commerce – Coinbase Earn |
| Currencies | BTC, ETH, XRP, BCH, USD, EUR, GBP, JPY, KES, etc. |
| Payment methods | – Debit Card – Wire transfer – PayPal |
| Pros | – Supports many countries and currencies – Very secure |
| Con | Transactions may be delayed |
| Read Review | Official Website |
5. Paxful
Paxful was founded in 2015 by Ray Youssef. It is based in the USA.
This exchange has over 300 available payment options for purchasing bitcoin. Can you believe it?
You can also sell gift cards, Neteller, and Webmoney for bitcoins on this exchange.
Amazingly, Paxful has a charity outreach, where they have sponsored a good number of community projects in Africa.
It is one of the best exchanges where you can buy/sell bitcoin in Kenya.
| Exchange Type | P2P |
| Services | – P2P – Wallet – Buy/sell |
| Currencies | BTC, USD, EUR, GHS, NGN, KES, etc. |
| Payment methods | Several |
| Pros | – Many payment methods – Cross country P2P trades |
| Cons | – Supports only BTC – Poor customer support |
| Read Review | Official Website |
6. Binance
Here’s another good bitcoin exchange that supports Kenya. Binance was founded by Changpeng Zhao in 2017.
Thinking of exchanging your Bitcoin for other crypto coins? Binance is the place to go. This platform allows you to trade over 500 cryptocurrency pairs. So cool!
Additionally, deposits and withdrawals are instant on Binance. Other services provided by the exchange are broker, cloud, charity, academy, and blockchain projects.
| Exchange Type | Broker | Trading | P2P |
| Services | – Wallet – Instant Buy/Sell – Trading, etc |
| Currencies | BTC, BCH, ETH, LTC, USD, EUR, NGN, etc. |
| Payment methods | – Credit/debit cards – Bank transfer – Cash deposit – M-Pesa |
| Pros | – Solid user interface – Instant payment & withdrawal – Responsive support – Low trading fee |
| Con | The vast number of services can be overwhelming |
| Read Review | Official Website |
7. CoinGate
The 7th bitcoin exchange on my list is CoinGate. It supports many countries including Kenya.
CoinGate was created in 2014 by Dmitrijus Borisenka to provide cryptocurrency payment processing services for both individuals and businesses.
This exchange allows you to set up different cryptocurrency payment options for your website or physical store including web PoS application, API integration and official plugins.
Also, CoinGate supports other cryptocurrencies in addition to bitcoin.
| Exchange Type | Trading |
| Services | – Merchant services – Instant Buy/Sell |
| Currencies | BTC, BCH, ETH, LTC, USD, EUR, etc. |
| Payment Methods | – Credit/debit cards – SEPA bank transfer – Mobile balance |
| Pros | – supports many currencies – Low trading fee – Very secure – Great customer support |
| Con | Supports limited fiat |
| Official website |
8. CEX.IO
CEX.IO is also one of the best bitcoin exchanges in Kenya. It was launched in 2013.
In the beginning, CEX.IO was a Bitcoin mining pool but it has since transitioned to the exchange model.
This platform is properly licensed, making it safe for Kenyans to buy/sell bitcoin.
Presently, CEX.IO can boast of 3 million+ users in about 99% of the globe.
Here, you can buy bitcoin using your local currency. CEX.IO also allows you to exchange bitcoin for other cryptos.
And it has a mobile app that makes transactions easier.
| Exchange Type | Broker/Trading |
| Services | – Instant Buy – CEX.IO Broker – CEX.IO Exchange – Staking |
| Payment Methods | – VISA/Master Cards – SWIFT – SEPA – ACH |
| Currencies | BTC, ETH, LTC, BCH, USD, EUR, KES, and more. |
| Pros | – Transactions are very fast – Very secure |
| Con | High card fees |
| Read Review | Official Website |
9. LocalBitcoins
Here’s another bitcoin exchange available for Kenyans. LocalBitcoins was created in 2012 by Jeremias Kangas.
The exchange is based in Finland. It was designed to be an open, peer-to-peer marketplace for easy trading of bitcoin.
On this platform, you can purchase bitcoin using cash on delivery, cash via mail, PayPal, credit or debit card, Western Union, wire exchange and more.
Also, LocalBitcoins permits customers to list advertisements.
This exchange is one of the largest bitcoin P2P marketplaces in the world. A very good platform where you can buy Bitcoin in Kenya.
| Exchange Type | P2P |
| Services | – Trade – P2P – Wallet – Buy/Sell |
| Currencies | BTC, USD, EUR, GHS, NGN, KES, etc. |
| Payment methods | – Debit Card – Wire transfer – PayPal |
| Pros | – Stress-free authentication process – User-friendly for newbies – Various payment methods – Very fast |
| Cons | – Vulnerable to hackers – Small trade volumes per ad. |
| Read Review | Official Website |
10. KuBitX
And the last but not least bitcoin exchange on my list is KuBitX.
It is an excellent platform where Kenyans can buy/sell bitcoin as well as maximize other services offered by the exchange.
KuBitX provides wallets where you can store your digital assets. This exchange also enables you to carryout different transactions using one currency in any part of Africa.
And that is because the platform leverages blockchain technology to facilitate payments throughout Africa and abroad.
KuBitx was founded by Eric Annan in 2017. The exchange is legally registered in Nigeria and Zimbabwe.
It was launched in Kenya in September, 2018.
| Exchange Type | Trading |
| Services | – Trade financing – Wallet – Buy/Sell – OTC – Remittances – Staking |
| Currencies | BTC, ETH, USDT, KBX, GHS, NGN, KES, etc. |
| Payment methods | – Bank transfer – Card payments – Mobile money |
| Pros | – User-friendly interface – Very fast transactions – Excellent services – Low fees |
| Con | Limited payment methods |
| Official website |
11. Bitcoin ATM
Apart from the 10 bitcoin exchanges described above, you can also buy bitcoins from the Bitcoin ATM located at the Kenrail Towers in Nairobi.
You can make your purchase using cash. And the ATM accepts deposits in dollars and Kenya shillings.
Transactions on this ATM does not consume time, 2 minutes tops, and you are done.
Moving on, we’ll see the best of the best bitcoin exchanges in Kenya.
Keep reading!
Which Is The Best Of The Best?
Undoubtedly, all the exchanges above have their unique and impressive features. Thus, it is not easy to decide the best among them.
The best exchange for you will be determined by what you want to achieve at a particular time. You want to consider:
- Available payment options
- Bitcoin price
- Transaction speed
- Your intention (whether to trade or store Bitcoin).
Personally, Belfrics, Pursa, Binance, and KUBITX are must-haves since they support instant deposit and withdrawal in KES.
Plus, owning an account with Binance will grant you the chance to maximize arbitrage trading.
Moreover, if you are looking to buy a huge amount of Bitcoins at a very good price, you should go for Remitano.
Then, if you want to sell or buy e-currencies like Neteller, Paypal, Perfect Money, etc. for bitcoins, you should go for Paxful or LocalBitcoins depending on the one that gives you the best price.
Conclusion
This is where we will call it a wrap. I hope you enjoyed the read?
Now tell me:
Which of the exchanges from my list is your favorite?
Do you know any other exchanges that should have been included in the list?
Let me know your thoughts in the comments section right now.
Before you leave, hit those social media icons to share this post with friends.
Thank you!
PS: If you want to learn how to trade cryptocurrencies profitably, then enroll in our Crypto Trading Mastery Course by going to www.ctmastery.com. You can also join our Telegram community at https://t.me/ctmastery
Also, there is now:
– BitLipa (via m-Pesa)
– Binance P2P (via m-Pesa)
– Binance (via KES Debit Card)
I’ll check them out. Thanks for your feedback!