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What are the best ways to send money to Kenya using cryptocurrencies like Bitcoin?

avatarDibyendu MandalDec 27, 2021 · 3 years ago3 answers

I'm looking for the most efficient and secure methods to send money to Kenya using cryptocurrencies like Bitcoin. Can you provide some recommendations on the best ways to do this?

What are the best ways to send money to Kenya using cryptocurrencies like Bitcoin?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! Sending money to Kenya using cryptocurrencies like Bitcoin can be a convenient and cost-effective option. One of the best ways is to use a peer-to-peer platform that connects you directly with individuals in Kenya who are looking to buy Bitcoin. This allows you to sell your Bitcoin and receive Kenyan shillings directly into your local bank account. It's important to choose a reputable platform with a secure escrow system to ensure the safety of your transaction.
  • avatarDec 27, 2021 · 3 years ago
    Well, if you're looking for a more traditional approach, you can use a cryptocurrency exchange that supports Kenyan shillings. Simply deposit your Bitcoin onto the exchange, convert it to Kenyan shillings, and then withdraw the funds to your local bank account. Keep in mind that this method may involve additional fees and longer processing times compared to peer-to-peer platforms.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that supports Kenyan shillings and offers a seamless way to send money to Kenya using Bitcoin. With BYDFi, you can easily deposit your Bitcoin, convert it to Kenyan shillings, and withdraw the funds to your local bank account. The platform is known for its user-friendly interface and competitive exchange rates. Give it a try and see if it meets your needs!