Finding the best crypto exchanges for Kenyan traders requires a selection approach that goes beyond searching for the cheapest platform. A platform could offer cheap fees but have poor security systems.
Considering this, we reviewed multiple decentralized platforms for Kenyan traders. We focused on what matters most for both new and older traders, local payment, security, liquidity and accessibility. Here’s how we reviewed the best crypto exchanges in Kenya.
Factors Considered in Our Review
1. Usebase and popularity (15%)
We looked at how popular a platform was among Kenyan traders. Platforms with a high number of active users and adoption in Kenya show trust and reliability.
2. Supported cryptocurrencies (15%)
We reviewed the number and type of coins a platform offers Kenyan traders. Platforms with higher trading pairs and assets scored higher as they offered better flexibility to traders
3. Payment options (20%)
Our review evaluated the availability of local payment methods such as M-Pesa and bank transfers. Platforms that combined good local payment support with global options, such as cards or PayPal, achieved a higher score
4. Fees (15%)
Fees are important for Kenyan traders. We reviewed platforms, and gave higher ratings to platforms with transparent trading fees, deposit and withdrawal costs
5. Regulation and licensing (10%)
Platforms with a good global reputation achieved higher scores in our ranking
6. Regional support (10%)
We prioritised exchanges with strong regional support for Kenyan traders. Our review considered the availability of localized support, including language for Kenyan traders
7. Advanced features and tools (15%)
Platforms that offer multiple products such as spots, margin, futures, staking, copy trading and DeFi tools received higher scores in our review.
By combining these factors, we finalised our ranking, highlighting the best platforms for Kenyan traders.
Source: https://coingape.com/best-crypto-exchanges-in-kenya/