Oct 15, · Buying and selling Bitcoins in Kenya though Mpesa has never been this easy. 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. Dec 15, · Kenya has traded a total of 5, bitcoins between This makes Kenya one of the biggest bitcoin trading countries in the world, beating other . LocalCryptos is a person-to-person crypto marketplace with over , users in countries, including Kenya. It only takes one minute to get started.
Bitcoins trade in kenyaHow to Invest in Bitcoin and Cryptocurrencies in Kenya
The blockchain is the technology behind the bitcoin creation having done much research in its invention because, by design, the internet is known to share data. In most cases, when you receive an email, the sender remains with the original, and you get the copy. 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. 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 Digital tokens are held in online wallets, and can be sent anonymously between users.
The lows and lows of shilling in Amina ,can we discuss more ,would like to know more about Bitcoin. Thanks very much. Am very much interested in this Bitcoin investment but I fear loosing cz am not so very familiar with the stuff, could someone take me through pls?
I would like to be explained physically,I prefer an office somewhere where I can meet the person to help me. Am very much interested…but i need.. Introduction to blockchain will be helpful for me. The very most important thing is to make sure that you get the basics right from the very onset and source your information about Bitcoins and other Crypto Currency Coins from reliable sources. Back in I wrote two detailed articles about Bitcoins in the Kenyan context to Help Wananchi understand 2 basic concerns that I see most people in Kenya struggle with in regards to trading Bitcoin in Kenya.
They are;. How to withdraw Bitcoins to MPesa. Any Kenyan equiped with this basic information will have enough knowledge to navigate their first Bitcoin Purchase and Bitcoin Sale and be able to do it on their own. Buying and Selling of Bitcoins in Kenya does not require any third party intervention or getting someone to do it on your behalf. I was not all that into it but i wanted to give it a try.. I made this decision early this month after I got to meet my old time friend who lives in Ohio , he was looking all fresh and nice..
Send them an email and you will be glad you did. I got this friend of mine from phoenix who introduced me to bitcoin business. Can i get a kenyan expert who can help me nagivate through the whole process? I am supposed to receive in the next 4days. I already have my Bitcoin wallet and traded the worth with an online company. I will surely come back to let you know if it worked. Hello wananchi..
Today as opposed to last 3 or so years.. All you is a start up capital and an android phone with enough bundles then you will be good to go. If you learn the basics and you would wish to make more money through risky venture of bitcoin, you may need to learn about bitcoin futures trading. Though very risky but with good guidance and risk management you can make enough for your daily living.
If you need further guidance, text me on Am much interested in bitcoin investment,please explain me more about it and how i can invest in it. From my previous experience its not that easy to get back a lost it stolen bitcoin because these scammers are very smart and they will cover their tracks but if you manage to find a trustworthy and reliable Recovery company, I said trustworthy and reliable because many scammers are out there disguising as Recovery agents and will only take your money without recovering your bitcoin, I was a victim of such myself after loosing my bitcoin to an investment scam I sort for help and I met few recovery agents and was scammed by a particular one again.
Luckily for me I was referred to a company on telegram. They Recovered my stolen bitcoin after risking a token to their Recovery program. It was worth it in the end.
Always stay updated and keep track of the current and previous Bitcoin Price trends before you Buy or Sell Bitcoin.
Your email address will not be published. Only four short years ago, he was grappling with uncertainty after being forced to drop out of college due to financial constraints. Kenya is currently among the top three gambling markets in Africa, with this industry becoming…. Filing tax reports is often met with many dramas, with most individuals not knowing how to go about it.