Dec 14, · CryptoTrader is an automated trading in bitcoins in kenya South Africa cloud-based crypto trading bot. Some traders take screenshots, others keep an Excel file, and some write old-fashioned books. One of the most important points of a successful strategy is that you invest a small percentage of your overall account balance in every trade. Oct 19, · Trading with Bitcoins in Kenya started in late A Bitcoin is virtual money that is used to purchase products and pay for services online. Bitcoins can be converted into hard cash at any time to be used offline. The conversion of bitcoins to local currency fetch a good return as compared to a forex exchange. Jun 18, · In Kenya, you can buy the coins through the Blockchain Association of Kenya and digital assets online using brokers. You will send them money via your credit card or bank transfer and they will send you bitcoins in exchange.
Bitcoins trading in kenyaKenya second largest bitcoin trader in Africa
Similarly, when you download an application, you access its copy and not the original. This means that most information on the internet is a copy of the original. However, for the cryptocurrency technology, this is different as its value is determined by a guarantee when its handed to you as the other party cannot remain with his copy of it.
For this reason, Blockchain technology makes it possible for one to send another one bitcoin and not retain a copy; hence, the bitcoin advantage. The advantage with bitcoin is that our money gets to increase in a short span of time.
For instance, if you deposit sh , in your bank account in January and let it untouched for one year, you will earn a small amount of interest, and in December it is possible that the amount will still be the same.
Bitcoin value can increase within a short time, and when you invest in it, you can make a few million in just some months. Tripling or doubling your cash in months is no small thing; hence, yes, bitcoin investment is worthwhile. However, you should also beware that the price might drop. It is currently rallying back to its highest points. Bitcoin is mined. As confusing as this statement is, in theory, one requires a computer and some mining software. Nevertheless, since bitcoin is supposed to mimic the physical world, it behaves just like a mineral which upon its discovery, in the first few months, it will be found all over the place and can be collected even on the ground surface.
As time goes on, the mineral becomes exhausted, and one has to dig deeper and deeper to find it. Therefore as it is, it is hard to mine bitcoin as you will need a time machine to take you back to when it was discovered.
With more bitcoin traders, it is difficult to mine bitcoin as you will need special computers to do this as the standard computers cannot hack this task due to their design capacity. Because it is nearly impossible to mine bitcoin, the option available to many is to buy it. You will need a Blockchain wallet before you can buy bitcoin. A bitcoin wallet is an app permitting the user to store, send and receive digital assets.
There are numerous options to choose from available both on android and apple store. These include Blockchain, mycelium, Exodus, and coinomi. However, buying of bitcoin in Kenya is challenging as there are only two ways that cater to Kenyans. These include Blockchain Association of Kenya and digital assets online.
Most of the other options sell bitcoin above its market value, and others that accept Kenyans require much document verification. Once you have bitcoin in your wallet, you can perform various bitcoin businesses. There has been a steady increase in traded bitcoins from January to August , with August seeing an all-year high in trading Interest in virtual currencies has been rising across the African continent, especially in Kenya. Crypto-currencies are virtual money that can be used to pay for things in the real world, such as a hotel room, food or even a house.
Kenya second largest bitcoin trader in Africa. Register Sign In. Connect With Us. The country has traded a total of 5, bitcoins between In Summary.
Image: FILE. Kenya has traded a total of 5, bitcoins between August witnessed the highest volume of Kenya shillings trading Sh