How to buy local Bitcoin Kenya
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A couple of years back, no one knew about Bitcoin. Even now, few understand it. Bitcoin is a digital currency that is gaining more and more popularity. In this post, I will show you how to buy bitcoins in Kenya from Localbitcoins site. On this site, buyers and local bitcoin kenya can trade bitcoin, with the added benefit of an escrow service. Mpesa, because of its convenience, is the most common method. Register on LocalBitcoins Kenya.
Once you register, check your email and verify the email address you signed up with. Please note that there are limits. On LocalBitcoins, local bitcoin kenya seller has a reputation rating. This is a great way to protect yourself against scammers and to help you determine the trustworthiness of the seller. If you have deemed the seller to be trustworthy, you can proceed with the trade.
Click BUY to buy your bitcoins. The seller will then release the bitcoins to your localbitcoins wallet. I am not endorsing BitMaste as a seller. However, Local bitcoin kenya have transacted twice with him, and on both occasions, experienced no hitches whatsoever. There are many other good sellers on the platform.
What is Bitcoin anyway? Should You Buy Bitcoins In ? So how do you move your bitcoins, from the LocalBitcoins to a wallet you own, such as the Mycelium wallet? On the right side of your LocalBitcoins home page, click on the bitcoin amount. Enter the Mycelium address which consists of 34 characters.
So there you have it. Go on and buy yourself some bitcoins from LocalBitcoinsKenya! That is great stuff. What is the least and maximum amount to start with buying bitcoins. Can one get daily earnings? It all depends on your funds so you want to invest your money cautiously and wisely. As for the minimum, if you check LocalBitcoinsKenya traders, you will see that there are traders who can sell you bitcoins worth even Kes 1, I have already subscribed to Blockchain do i need to also subscribe to LocalBitcoins Kenya in order to buy or sale Bitcoins.
This is so informative. Where do i get the current trades if I decide to be selling like every week or daily? You can also check it out on coindesk. Hi Sheeroh advice me on this.
One thing Lucy, is that you cannot predict the market. Today, Bitcoin may be going up only for it to go down tomorrow. So it all depends on how local bitcoin kenya market is doing. It also depends local bitcoin kenya how much you invest. Someone who buys bitcoins local bitcoin kenya Kes 10, cannot make the same local bitcoin kenya with someone who buys bitcoins worth KesWith the latter, a small price change will lead to a good profit.
Thanks alot for the good local bitcoin kenya on bitcoins. I have money on my mpesa how do i go about it to buy bitcoins. Just as I have elaborated in the blog post.
Thanks sheero clearly and understood, But am just curious on following this question below:. Thkns fr the info, snds like trading shares. Would you advice smn to get into it as a longterm or short term investment? Hey Edwina, Just local bitcoin kenya with shares, it depends. Some people prefer to trade bitcoins actively, buying and selling shares with even a slight price change.
Others prefer a more long-term view, and therefore buy bitcoins and hold for a while, say a year or more, and afterwards sell. You can buy goods with bitcoin, trade bitcoin and invest in bitcoin. I have always been thinking of investing in bitcoins but I always thought that I would need a whole lot of money to buy one bitcoin and it might be risky. Thanks again Sheeroh for sharing your knowledge with us.
You can trade bitcoins. Buy low and sell when the price increases. For example, there are plenty of sellers on LocalBitcoins. Or you can buy and hold. Thanks sheeroh for the info, i have always wondered how this is done but from your explanation it is much informative, looking forward to give it a trial with your assistance.
It is not complicated at all. I thought it was when I first heard of this process, but when I followed the instructions, I was pleasantly surprised at the ease of it! Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Register on LocalBitcoins Kenya Registration is free. A few things to take note of: You can enable two-factor authentication on the site.
This will further protect your account from hackers. Read more about two-factor authentication on LocalBitcoin. It is highly recommended that you keep your bitcoins in a wallet in which you have control, such as the Mycelium wallet local bitcoin kenya IOS and Android wallet local bitcoin kenya rather than keeping them in the localbitcoins wallet.
You can download this wallet from the Google Playstore. Phishing sites are real. That will direct you to your LocalBitcoins wallet. Hey, I local bitcoin kenya already subscribed to Blockchain do i need to also subscribe to LocalBitcoins Kenya in order to buy or sale Bitcoins. Thanks sheero clearly and understood, But am just curious on following this question below: Happy to have demystified this for local bitcoin kenya Do you have a bitcoin ewallet which i hear is where you store bitcoins electronically…?
I use the Mycelium wallet…Just download it from the Play Store. This is a good read. Comments are welcomed and encouraged on this blog, But they should be relevant to the post topic and useful to the readers.
Cancel reply Your email address will not be local bitcoin kenya. My name is Sheeroh. I started this journey local bitcoin kenya in Fast forward toand here I am. I'm a transcriber, blogger and Top Rated freelancer on Upwork. I so enjoy being an online freelancer, as there is always something more to learn local bitcoin kenya discover. The tips, suggestions, and posts here can help anyone, whether you live in Kenya, Canada, Malaysia, Russia, or anywhere else.
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