Crypto-trading in Kenya

Do any of you dabble in cryptocurrency? What is the best platform for trading crypto for Kenyans (especially through M-Pesa)? Na ulianza na starting capital ya pesa ngapi?

:D:D

Fanya tu sports betting yenye umezoea.

I just started purchasing. But I treat mine like stocks. So no daytrading. Very long term. The purchase price of bitcoins makes it very unprofitable to trade often. For example Coinbase charged me ~1.5 k to buy 20k of bitcoins.

If you want to day-trade coins ( something I highly discourage), register with one of the arcade U.K. spread betting sites and use their platforms. You can fund using your bank card.

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Mjamaa pia Mimi am planning to venture in cryptocurrency. Before the year ends I want to buy hardware wallet nano ledger s. Halafu ni ingie biz.

Nice buy there man. BTC is having a hell of a Bullrun right now. Bought a few thousand Satoshis so I’m getting mere pennies back, but ningekuwa na more mullah ningekuwa nikijipanguza na noti za fifty bob saa hii.
Hapo pa trading jaribu Binance. It’s quite reasonable price-wise (0.1% per trading transaction. No fees for depositing and withdrawal) coinbase is a scam kwa fees. Unaweza ata deposit fiat through MPesa. Shit’s nuts.

Isipokuwa BTC umenunua coins gani buda?

Wachana na hardware wallet for now. Tengeneza a paper wallet free of charge na ni very secure. Almost as, if not more, secure than a hardware wallet.

A little bitcoin and one called Efforce is what I have. The Efforce is not doing well. I only purchased some of my position when it started trading. I will buy more when it really dips.

Haha good luck. Huto tu-altcoins ndio tunaomosha watu.
I bought into the XRP schizo meme. Saa hii tunaona dumps kama chokosh wa Siberia.

So ni gani paper wallet poa.

Paper Wallet Guide: How to Protect Your Cryptocurrency
Unaeza some hiyo guide yote ama uruke directly hadi kwa paper wallets.

Momentum ya kuenda juu inaisha the price will fall vibaya sana if you bought it at 19k it is better you sell and get a better entry point

Which coins are you trading or recommending ?

Nah man. Ngoja kidogo tu. Bado BTC iko ATH (All Time High) na sioni ikistop until early 2021.

BTC is always a good coin to trade. Lakini saa hii bado iko ATH na itabidi ungoje ianguke kwanza. Same for Ethereum. Best bet ni altcoins. Hapo ndio high profits hutoka (high risk- high reward) Siwezi kupatia advise poa ju mi bado ni newbie but I suggest you read up on a few altcoins, find the ones you like, read up on their ‘white paper’, look at their trends, if you like the prospects, utafute Telegram channels za hizo coins ujoin discussions. Also check that coins subreddit. I hate reddit but wanakuanga na resources poa on many subjects including crypto.

BTC is always a good coin to trade. Lakini saa hii bado iko ATH na itabidi ungoje ianguke kwanza. Same for Ethereum. Best bet ni altcoins. Hapo ndio high profits hutoka (high risk- high reward) Siwezi kupatia advise poa ju mi bado ni newbie but I suggest you read up on a few altcoins, find the ones you like, read up on their ‘white paper’, look at their trends, if you like the prospects, utafute Telegram channels za hizo coins ujoin discussions. Also check that coins subreddit. I hate reddit but wanakuanga na resources poa on many subjects including crypto.
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Thanks for the info

Two months later, imegonga 60k

Overall, it’s a great time to explore crypto trading, especially with the growing community here in Kenya.

It’s super interesting to see how many peeps are getting into it. I think crypto trading can be pretty cool if you do your research and stay updated. One way to stay in the loop is by joining some of the top crypto telegram groups. They’re usually buzzing with the latest tips, trends, and advice from fellow traders.

So, answering the question in the topic, I reckon crypto trading in Kenya has a lot of potential. With more people getting smartphones and internet access, it’s becoming easier for everyone to dive in. Plus, there are so many resources available now to help beginners get started, like YouTube tutorials and online courses.

fuck you AI