As of 2025, cryptocurrency in Kenya has come a long way, with several exchanges standing out as favorites among traders. But are they really worth the hype?
In this guide, we’ll break down the top crypto platforms in Kenya and what makes them unique. If you’re new to crypto, don’t worry—we’ve got you covered! Check out our crypto trading for beginners guide to learn the basics of crypto exchanges and the different types out there. At the end of this reading, you will be one step closer to achieving financial freedom through crypto trading in Kenya.
1. Binance
Binance stands out as a global leader in cryptocurrency exchanges and by far the biggest in Kenya, offering Kenyan traders access to a vast array of digital currencies. The platform is renowned for its competitive fees and advanced trading tools, including futures and margin trading.
On its launch in Kenya, Binance guaranteed its users 0% fees on P2P trades. A factor that greatly led to its massive adoption. Additionally, Binance provides a robust mobile app, ensuring traders can manage their portfolios on the go. The mobile app is also beginner-friendly by being able to adjust its interface based on the user’s knowledge of the crypto space. Read more about our Binance in Kenya review
2. Coinbase
Coinbase is one of the leading crypto platforms in Kenya, known for its beginner-friendly interface and seamless trading experience. Whether you’re new to crypto or a seasoned trader, Coinbase makes buying, selling, and storing digital assets easy. The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many altcoins, allowing users to diversify their portfolios.
Coinbase announced a move to officially join the Kenyan market in 2024 and had plans to partner with local mobile wallet M-Pesa to ensure convenience for the Kenyan traders. However, with the uncertainties involving cryptocurrency regulation in Kenya, the deal is yet to materialize.
3. Bybit
Bybit has gained traction among Kenyan traders due to its competitive trading conditions, including futures fees starting from 0.02% and leverage options up to 100x. The platform supports over 600 cryptocurrencies, providing a diverse trading environment.
Bybit also offers instant deposits and withdrawals, enhancing the overall user experience. One factor that sets them apart is their low minimum deposits and withdrawals. For as low as 200 Kshs, you can buy and deposit crypto assets into your Bybit wallet.
4. OKX
OKX is recognized for its extensive selection of over 329 cryptocurrencies and competitive fee structure, with spot taker fees at 0.1% and maker fees at 0.08%. The platform caters to both novice and experienced traders, offering a range of trading options and tools.
5. Busha
Busha is a Nigerian platform tailored for the Kenyan market, allowing users to buy, sell, and trade cryptocurrencies directly with Kenyan Shillings (KES). The exchange emphasizes simplicity and security, featuring 24/7 human customer support and zero-fee trading options. Busha supports a variety of assets, enabling traders to manage their portfolios efficiently.
A summary of the best crypto platforms in Kenya
| Exchange | Key Features | Supported Cryptocurrencies | Fees | Website |
|---|---|---|---|---|
| Binance | Global platform with advanced trading tools, including futures and margin trading; robust mobile app for on-the-go management. Arguably the best crypto platform in Kenya | Over 350 cryptocurrencies and virtual tokens | Competitive fees. | binance.com |
| Coinbase | User-friendly interface suitable for beginners and experienced traders; strong security measures like two-factor authentication and cold storage; educational resources available. | Wide range of cryptocurrencies. | Not specified. | coinbase.com |
| Bybit | Competitive trading conditions with futures fees starting from 0.02% and leverage up to 100x; supports over 600 cryptocurrencies; instant deposits and withdrawals. | Over 600 cryptocurrencies. | Futures fees from 0.02%. | bybit.com |
| OKX | Extensive selection of over 329 cryptocurrencies; competitive fee structure with spot taker fees at 0.1% and maker fees at 0.08%; caters to both novice and experienced traders. | Over 329 cryptocurrencies. | Spot taker fees at 0.1%, maker fees at 0.08%. | okx.com |
| Busha | Tailored for the Kenyan market; allows trading directly with Kenyan Shillings (KES); emphasizes simplicity and security with 24/7 human customer support; zero-fee trading options. | Variety of assets. | Zero-fee trading options. | busha.co |
Factors To Consider Before Choosing Your Crypto Exchange Platform
When selecting a cryptocurrency exchange platform in Kenya, it’s essential to evaluate several key factors to ensure a secure and efficient trading experience.
Security measures: Reputable exchanges implement robust protocols such as two-factor authentication (2FA), cold storage for digital assets, and compliance with global security standards to safeguard user funds.
Fee structure: These include trading and withdrawal fees. These can significantly impact your investment returns. The ease of depositing and withdrawing funds is another crucial aspect; platforms that support local payment methods like M-Pesa offer greater convenience for Kenyan users.
Supported cryptocurrencies: This will ensure the exchange aligns with your investment interests. Some platforms will launch a crypto coin too late when their prices have already stabilized or dropped. This might be a missed investment opportunity. A perfect example is the famous Trump coin. Binance listed the coin on 18th January, while Bybit listed the crypto coin on 21st January.
Is cryptocurrency legal in Kenya?
As of now, cryptocurrencies are not recognized as legal tender in Kenya and remain unregulated. The Central Bank of Kenya (CBK) has issued warnings about the speculative nature of digital currencies, advising the public to exercise caution. The VASP bill of 2025, however, aims at regulating cryptocurrency in Kenya.
Which crypto exchange is best in Kenya?
When selecting an exchange, consider factors like security, fees, customer support, user base, and the range of supported cryptocurrencies. Binance is the best crypto exchange in Kenya. It has a large Kenyan user base, 0% fees on P2P transactions, and it is beginner-friendly.
How Do I Withdraw Cryptocurrency in Kenya?
Withdrawing cryptocurrency in Kenya typically involves converting digital assets into Kenyan shillings (KES) through a crypto exchange and transferring the funds to your bank account or mobile money wallet. Platforms like Binance and Yellow Card facilitate these transactions, allowing users to sell their crypto and withdraw KES instantly via M-Pesa.
Conclusion
Cryptocurrency trading in Kenya is growing fast, and choosing the right crypto platform can make all the difference. Whether you’re a beginner or an experienced trader, finding a reliable exchange that suits your needs is key.
Take your time, do your research, and always trade wisely. And if you’re just getting started, don’t forget to check out our beginner’s guide and training to make your crypto journey smoother.