If you are look to buy or sell bitcoins in Kenya. Then one of the easiest ways is though Mpesa. All you need is to create a bitcoin account online, look for GENUINE Kenyan Bitcoin sellers, purchase your bitcoin using mpesa and receive them in your app account. Below is a simple guide on how to join, buy, use and benefit of investing in Bitcoins.

The two concepts powering Bitcoin’s popularity
This steadfast belief in the Bitcoin protocol is based on two simple concepts. They may seem trivial at first glance, but when these two points are understood, it is possible to understand how a currency, which is not backed by any government, could achieve such a meteoric rise.

Those two concepts are:

There are only 21 million bitcoin.
You cannot create a better Bitcoin.

How to Buy Bitcoins in Kenya through Mpesa

There are various application and websites that you can use to buy and sell bitcoins in Kenya. In this case, i am going to use LocalBitcoins. With LocalBitcoins you can buy Bitcoins through mpesa or bank.

Below is how to go about it;

Visit Local Bitcoin website and Create an account: https://localbitcoins.com/country/KE
On the top menu of the website click signup for free then create account.
Check your email to confirm your registration details
Select the kind of trader that meets you ability. Some traders limit selling of Bitcoins to Ksh. 500 others to Ksh. 20,000. Also, ensure to check on the seller’s reputation before buying. Only trade with sellers with a Feedback score of 100%.
After trusting the seller, click on Buy Bitcoins online from (his/her name) to buy.
You will be directed to a page that shows the terms and conditions of the trader.
Carefully read his/her the terms and conditions (they are normally short)
After agreeing the terms Enter the amount you wish to Buy in Kenyan Shillings and you will be able to see how many bitcoins you will get for the same.
Make Mpesa Payment
Confirm payment and you will receive the Bitcoins from the seller.
You are done!
NOTE: Always take note of the seller’s reputation. Be aware of phishing attempts!

What Challenges Does Bitcoin Solve?

Currency can and will be manipulated and respectively inflated by the respective governments to react to such situations. Bitcoin is different altogether – no single person is ever able to change the protocol and subsequently inflate supply. This makes it the number one choice if you want to stop inflation from eroding your wealth.

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