How to Buy Bitcoin in Kenya: A Step-by-step Guide
It's about time you learnt of the latest investment opportunity that is sweeping across Africa. Bitcoin, cryptocurrency and blockchain technology are giving Nigerians more opportunities to make their money work for them than ever before. Gone are the days where people relied on banks or other traditional investments to grow their wealth - now they can buy bitcoin in Kenya and watch it multiply!
Section 1: What is Bitcoin?
Bitcoin is the best-known form of cryptocurrency, a form of digital currency in which transactions can be made without the need for banks, governments or a central authority. Digital currency is issued and controlled by its creators, who use encryption techniques to verify and record every transaction, called 'mining', that takes place. Bitcoin mining involves verifying new transactions, keeping track of and rewriting transactions that have been changed, and updating the public ledger known as the 'blockchain'. This system has become more efficient in the years since Bitcoin was created, and it has become possible to more easily mine the cryptocurrency.
Section 2: What are the Benefits of Buying Bitcoin?
Buying bitcoin directly from a broker is not difficult.
Why should you buy Bitcoin in Kenya?
Bitcoin is just like any other currency and the price of one coin today is worth more than the value of all the gold ever mined. But unlike any other currency, Bitcoin is an online cryptocurrency with no physical backing.
There are a number of reasons why it is called a "global currency" - no-one in the world can print more of it and everyone can hold onto it. Bitcoin is also highly secure as it can only be altered in three ways.
Change the amount of coins you have - a single coin can be split into two, ten, or a hundred.
Increase the number of coins you have - a transaction fee will change the number of coins you have.
Stop getting new coins by the computer, the server or the device you are using.
How to buy Bitcoin in Kenya
To buy bitcoin in Kenya, simply visit any of these online bitcoin exchanges.
Bear, XBT24, Unocoin, My Bitcoin Wallet, Coingecko
That's it! There you have it!
Never stop growing your wealth
WATCH YOUR NET WORTH GO UP!
Investing in Bitcoin in Kenya
Online exchanges that support bitcoin trading are coming up in large numbers across the country. Visit a local stockbroker to see how it's done or visit a cryptocurrency exchange like Bit Xchange Kenya. Bitcoin trading in Kenya is as simple as it comes.
1. Sign up for a cryptocurrency exchange and purchase bitcoin
On the Bitcoin Kenya exchange, choose the category which matches your level of knowledge and experience. You can purchase Bitcoin from your current online broker account.
The platform allows you to choose your preferred currency, ranging from dollars to Kenyan shillings, and to view your available trading pairs. You can also pay for your order using your personal Kenyan bank transfer, money order or PayPal account.
Africa is still in the early stages of the digital currency revolution but already it is pioneering technological change. Within the next few years, Bitcoin and other cryptocurrency will evolve from being useful merely to more than just currency into a 'wide net of applications,' like the World Wide Web. Kenya is a trailblazer in financial technology (fintech) and will continue to help African investors navigate this new wave of digital currencies.
If you want to learn more about Bitcoin or start investing in Kenya, visit our website! We'd love to help!