Which is your best app to trade Crypto? Choosing the right cryptocurrency wallet and exchange in 2021 to purchase Bitcoin (BTC), Dogecoin, Ethereum (ETH), and other cryptos can be a daunting, overwhelming and stressful process. After all, there are thousands of ads everywhere of dozens of these cryptocurrency exchanges claiming to be the best of the best.
There are numerous factors to consider when choosing a cryptocurrency exchange and while some can be subjective in importance, many of these are the same for everyone trading and investing in crypto.
What to consider when choosing a cryptocurrency exchange in 2021
Here are a few fundamental factors that you should consider when choosing the right cryptocurrency exchange for yourself:
- Region and restrictions
- Low transaction fees;
- Customer support;
- Ease of use and UI;
- Volume and liquidity.
My Best Apps to Trade Crypto in Kenya 2021
Binance was founded in 2017 with a strong focus on altcoin trading. Binance offers over 100 different trading pairs between different cryptocurrencies. It offers plenty of fiat-crypto pairs as well.
Binance Region: Binance launched support for M-Pesa payments for P2P trading in 2020. You can buy Bitcoin in Kenya through Binance P2P and pay using M-Pesa, a leading payments service provider in the country. Aside from BTC, you can also buy Ethereum, USDT, BNB, BUSD, and EOS at zero transaction fees.
Binance Fees: You can also buy crypto with a card at 3.5pc per transaction or 10 USD, whichever is higher. Using Binance’s native cryptocurrency, BNB lowers fees by 25pc.
Also Read: How Scammers Steal Your Crypto on Binance
Volume and liquidity: s of April 2021, Binance dominates the global exchange space, making up a significant portion of crypto trading volume daily.
Customer support: Binance Africa has an available support team on almost all platforms.
Ease of use and UI: While it is clunky at times, the Binance app UI is smooth and easy to use with tutorials on how to do everything available within the app.
Which is your best app to trade Crypto? Leave a comment down below