Oct 15, · Visit Local Bitcoin website and Create an account: allcryptocoins.de On the top menu of the website click signup for free then create account. Check your email to confirm your registration details Select the kind of trader that meets you ability. Some traders limit selling of. Additionally, How to trade Bitcoin in kenya, bitcoin exchanges, where bitcoins are traded for traditional currencies, may be required by law to collect personal accumulation. To intensify commercial enterprise privacy, fat-soluble vitamin new bitcoin speech tail end be generated for each transaction. To trade Bitcoin Online in Kenya: Sign up with a broker that offers Bitcoin – you need an experienced and regulated broker which you can trust with your money. One such broker which offers returns of up to 92% of your invested amount in Kenya is Olymp Trade.
How to trade bitcoin in kenyaHere are 2 Easy Ways to Trade Bitcoin in Kenya. - Joon Online
All you need is to create a bitcoin account online as illustrated below, look for GENUINE Kenyan Bitcoin sellers, purchase your bitcoin using mpesa wallet and receive them in your app account. Bitcoin is a digital currency that is used to purchase products and pay for services online. Having Bitcoins is like having cash in the internet though you can convert them to solid cash anytime. In Kenya, Bitcoins are not commonly used so they are suitable for traders who engage in online business for instance, they can be used for buying products online.
So, only deal with people you trust. There are various application and websites that you can use to buy and sell bitcoins in Kenya. In this case, i am going to use LocalBitcoins. With LocalBitcoins you can buy Bitcoins through mpesa or bank. Below is how to go about it;.
Be aware of phishing attempts! Recommendation : Paxful is another great alternative of LocalBitcoins for Kenyans that we do recommend. It also allows selling and buying bitcoins through Mpesa. Read how paxful works. You can also comment below for any Question and We Will reply to you. Thank you for subscribing. Apart from buying and selling bitcoins which other charges will a prudent investor incur before receiving profits from this investment.
Know the current prices so that you are not ripped off. Go ahead to look for sellers from trusted sites such as localbitcoins. You just log into your Bitcoin wallet, go to Receive, and copy the unique receive wallet address and send it to the seller to transfer Bitcoin into your wallet. You can then send them the agreed amount in Kenya Shillings via common payment methods such as M-Pesa, Bank transfers, and others which you agree.
Store Bitcoin in Bitcoin wallet and Back them up — once you receive Bitcoin from various sources into your wallet, your only option is to store them until the right time to sell. While storing them in your wallet, you also need to back the wallet important keys in a secure offline location such as flash discs or prints. You do not want to be logged out of your own wallet and lose access to millions worth of Bitcoins, do you?
Then consider backing up your Bitcoins safely. Sell Bitcoin at higher prices — in your market research, you projected when the price of Bitcoin would peak. When that time comes and the current price is something you can make a reasonable profit out of, you are then going to sell your Bitcoin. Look for interested buyers at trusted sites like localbitcoins.
This method of trading Bitcoin is risky though. Beware of scammers with fishy intentions. Bitcoin, just like other currencies, have their exchange values listed on the asset market. There, you can stake amounts of money to make predictions of price rises and falls of Bitcoin.
You make profits if your forecasts turn out correct. This method of trading Bitcoin is secure, fast, and reliable. Do you believe in the future of crypto? Then it is time to make money trading Bitcoin in Kenya. Start trading. Start Trading. Kenn Omollo is an investment writer and a business management consultant at Joon. Reach him at — kenn joon. See author's posts.