How does Bitcoin work in Kenya?

As Bitcoin adoption increases and more investors flock to this revolutionary asset, it's crucial to ensure you know how to buy Bitcoin with the lowest possible fees and highest security standards. Binance P2P makes it easy to buy and sell Bitcoin and other cryptocurrencies in Kenya. You can convert your KES into BTC in a fast, easy, and secure way without paying fees. If you want to start making money trading Bitcoin, keep reading this step by step guide.

First, you'll need to register on Binance. You can do this on your computer by visiting Binance.com or downloading the Binance Desktop Client, or using our intuitive and straightforward Binance App for iOS or Android. To buy Bitcoin with KES, you need to complete level 2 identity verification (Know Your Customer - KYC), which will increase account security and increase your daily withdrawal limits.

How to buy and sell Bitcoin in Kenya?

One of the significant advantages of Binance P2P is that you can trade wherever and whenever you need it because it is available on the Binance App. Here is how to buy and sell Bitcoin step by step on Binance P2P using the App.

To exchange Bitcoin, visit: bitcoin to visa

Buy Bitcoin with Kenyan shilling

Step 1: Specify the search criteria.

1. Open the Binance App and select “P2P Trading.”
2. Click the Buy tab and select BTC.
3. Click the filter icon at the top right of your screen and select the Bank payment method and the KES currency to buy the crypto. Then, tap “Confirm.”

Step 2: Select the best offer.

1. Now you’ll see a list of offers where you can pick the one that works best for you.
2. Enter the amount of BTC you wish to purchase or the amount of KES you want to spend.
3. Transfer the money directly to the seller based on the seller’s payment information provided within the payment time limit. You can use the chatbox to communicate with the seller.
4. Make sure that you send the money to the seller and tap on “Transfer“ next.

Step 3: Receive your Bitcoin.

1. Tap on Confirm. Please do not click Confirm if you have not made any transactions. Doing that will violate the P2P User Transaction Policy.
2. The status will change to “To be released.”
3. Congratulations! You have completed a trade and get your Bitcoin!

Sell Bitcoin with Kenyan shilling

The best way to cash out your Bitcoins is Binance P2P because you can choose among multiple buyers, and there’s no withdrawal limit on P2P. Remember, as we said at the beginning of this guide, you need to complete your account verification. Follow the next three easy steps to sell your Bitcoins.

Step 1: Specify the search criteria.

1. Open the Binance App. Click “P2P Trading”.
2. Choose the Sell tab and the BTC crypto. Then select the filter icon at the top-right part of your screen.
3. Select the Bank payment method and the KES currency to sell the crypto. Then, tap Confirm.

Step 2: Start trading.

1. Choose the offer that works best for you and click on Buy.
2. Enter the quantity you want to sell, select a payment method, and click on Sell BTC.
3. Wait to get the payment in KES in your Bank account. You can use the chatbox to communicate with the buyer.

Step 3: Receive your Kenyan shilling.

1. After you confirm the receipt of money from the buyer, tap Release BTC.
2. Tap on Confirm to release the crypto to the buyer’s account.
3. Congratulations, you have cashed out your Bitcoin.