How to Buy and Sell Bitcoins in Kenya with Bitzlato
The cryptocurrency exchange is a replica of traditional foreign sales but with many risks. The field faces a lot of restrictions, and the operation fees are prohibitive. However, traders who are still interested can still navigate through the limits. Peer to Peer Exchange or P2P technology is one of the authentic solutions where traders exchange crypto coins affordably and conveniently. Bitzlato is a go to P2P crypto trading platform.
Notably, Africa is one of the top crypto markets with a lot of potential. Its market’s significant potential has led to the creation of crypto trading avenues for new players. Bitzlato launched its operation in Kenya, and one can now Buy and Sell Bitcoins in Kenya within 5 Minutes.
Bitzlato Launches in Africa with Kenya being the first market
Bitzlato is a Hong-Kong based peer to peer crypto platform that was established in 2015. It has over 2 million users now, with daily transactions amounting to more than $1,500,000. The users carry out an average of 9 thousand transactions daily.
It’s one of the leading crypto trading platforms in the cryptocurrency market offering P2P transaction services. Peer To Peer, commonly known as P2P, refers to a decentralized network where two individuals transact on the particular platform they are registered in.
Bitzlato platform is a site of choice for crypto traders looking for platforms supporting various currencies. Bitzlato supports different cryptocurrencies, unlike most of the other P2P crypto trading platforms. You will always find the money you want to trade – bitcoins, USDT, DASH, Ether, among others.
What are the main products with Bitzlato
Bitzlato has grown significantly, and it’s offering P2P services, exchange platforms, a mining pool, and a reliable wallet.
The platform mainly offers peer to peer trading services to users. Its site is a simple and convenient place where crypto enthusiasts can trade cryptocurrency.
Bitzlato Roll Out in Kenya
Bitzlato, the P2P crypto trading platform founded in Hong Kong, is excited about its launch in Kenya, one of the top countries in crypto trading. New users are getting welcome prizes. Also, the operator is running a referral program where the existing traders are rewarded for referring new members.
Through the platform, users can conveniently sell or buy digital assets. It’s now one of the leading Peer to Peer Bitcoin Exchanges in Kenya.
Notably, Bitzlato management is considering opening more new crypto markets in Africa. Also, they are looking for partnerships to establish lasting relationships with coin traders.
The crypto service provider is offering Bitcoin Exchange with minimal fees in Kenya. Users can sell bitcoin conveniently on the Bitzlato platform using the local mobile money transaction platform M-pesa. They can conveniently trade various types of digital assets.
Since crypto traders do not require third parties to open and operate a Bitzlato account, the platform will remain one of the top crypto p2p venues in Kenya and beyond.
Why it is Better to Buy Bitcoins in Kenya with Bitzlato
Apart from the Bitzlato P2P platforms, there are alternative ways of buying digital assets. These methods include:
Centralized exchanges. Some people use centralized exchanges such as Coinbase and Binance, among others. There are a few challenges of using centralized exchanges, such as prone to cyber threats and users pay high transaction fees.
Face to face or direct online transactions. It’s possible to buy or sell cryptocurrency directly online or face to face. This method is quite risky. The trader’s security is threatened since one can be attacked. Also, one can lose money to scammers. The technique is a bit expensive and inconveniencing when one must travel long distances to meet potential clients.
The challenges faced by traders using any of the above alternatives are why the P2P platforms have gained popularity within a few years. People are looking for solutions to the challenges they have faced. This fact explains why p2p media such as Bitzlato have penetrated and become popular in the Kenyan market.
But, of all the p2p platforms available, let’s look at the reasons you should pick Bitzlato as the best choice over the rest.
Benefits of Trading with Bitzlato in Kenya and Beyond
Provision of escrow. Bitzlato protects its users by ensuring the seller’s deposit is held during the exchange period.
In case a conflict arises during the exchange, the user support team will investigate and hand over the coins to the deserving party.
Does not demand user verification. Bitzlato platform has a straightforward account opening and verification process.
To start trading crypto on the Bitzlato platform, one does not need tedious verification. However, users are encouraged to build their credibility by verifying their accounts.
0% fees on transactions. Where can I buy bitcoins cheap in Kenya? That’s a common question crypto trader ask when they realize other platforms are charging high prices. Paying the high fees, even without third parties in the process, makes users keep looking for affordable platforms to trade on.
Bitzlato is the cheapest bitcoin seller in Kenya. It’s an affordable platform to trade on for both buyers and sellers. Users sell through the platform without paying a penny when using another user’s adverts. In case you want to create your advert, still, the charges are reasonably low, you only pay 0.5% per advert.
Attractive affiliate program. The affiliate program is quite profitable since one can receive a commission of up to 100% of the amount paid by the affiliates. One can easily create a passive income channel.
Importantly, every time a trader you have invited through your link transacts; you earn a prize. If an affiliate creates an advert, you get 8% of the fees. When an affiliate responds to an advert, you get 32% of the fees.
Notably, the affiliates’ income is deposited onto your wallet immediately after the affiliate has joined the site.
Regular promotions. During weekends or holidays, traders enjoy trading at 0% commission regardless of using another trader’s advert or creating their own.
On Wednesday’s traders trading on the platform that day get a cryptocurrency withdrawal voucher.
To get the opportunity to qualify to receive the voucher, one has to fulfill head conditions;
- Use the Bitzlato to complete successful online crypt transactions.
- You have to complete the transaction to qualify for the voucher any time on Wednesdays.
Notably, you qualify for the award regardless of the type of currency and the amount you used. Also, it doesn’t matter the number of traders who will trade on Wednesdays. The vouchers are available for every user who meets the conditions.
Note the withdrawal voucher is not added on the same day but the following day.
Safety. Hackers and cybercriminals are always alert to detect loopholes in different online platforms. P2P platforms are some of the most targeted by hackers. Bitzlato is committed to guaranteeing their platform users of safety.
Bitzlato meets all the online security requirements and standards. During the few years of operation, the Bitzlato platform has not faced any form of cybercrime insecurity.
The crypto trading operator ensures regular auditing of the accounts for transparency. Also, to ensure cyber threats are detected early and addressed, the platform carries out constant network scans. Essentially, the system backs up the user’s data to ensure there is no critical data loss.
Also, as one of the overall online safety measures, all user data and passwords are encrypted. No third party has access to the customers’ data.
However, online transactions are prone to fraud, and you should always be alert to protect yourself from being scammed. Never share your details with strangers. Also, always follow the given advice. Don’t provide any sensitive information that may get your accounts compromised or shared with strangers.
Stability of transactions. The cryptocurrency market is quite volatile, and users may be worried about the value of their digital assets depreciating. Bitzlato allows its users to change their held funds to their preferred and more stable crypto such as USDT.
Multiple payment options. There are various channels of money account users can use for their convenience of sending money to anywhere in the world. One can even use the locally available money transfer options such as Mpesa.
You can learn how to buy bitcoins with MPESA, Equitel, KCB, CBA Loop, Chipper Cash, etc. Even as a newbie, you quickly know how to buy bitcoins with Mpesa.
It all depends on where you are and the method of payment you would like to use.
Real-time exchange options. Bitzlato provides real-time cryptocurrency exchange options. Users looking for opportunities to trade coins in Realtime can access the service on the Bitzlato platform.
The platform keeps a fraction of its digital assets online to allow for instant transactions. A considerable percentage of the assets are held in cold wallets.
Gift codes reward program. How to earn promotional rewards with Bitzlato
Open a Bitzlato account via this link
After logging in to your new account, you will find a referral link in your profile settings.
You can share that link with your friends.
To attract your targeted invitees, you can create a gift code. You determine the amount of cryptocurrency you would like to offer.
The person who clicks on the shared link first and follows the simple steps to saving the gift code receives the pledge amount immediately.
The following is a simple breakdown of how the reward program works:
When you sign up for the first time, $5 in BTC is credited into your account. Any new users opening an invoice via your share link get $5 for each new user.
Also, when the new users deposit minimum crypto of 0.001 BTC, you get $5.
Lastly, when the new user registered via your referral link completes a transaction, regardless of the amount, you get $5.
That’s a total of $20 you get by merely getting one referral after you have signed up. Therefore, you can earn a substantial amount of money if you keep looking for more willing new members. The new members only need to go a step further and complete a transaction for you to earn.
On top of the rewards listed above, Bitzlato has fantastic features and offers crucial trading products.
Introduction of mobile trading version. Before the end of 2020, traders will get a Bitzlato mobile application. The success in implementing this plan will be a gamechanger in the P2P crypto trading world.
The mobile application will widen the accessibility of the crypto trading platform. Many people have smartphones, and any technological advance that will make services accessible on the phone is welcome. Users will conveniently sell and buy digital assets from their mobile phones.
How Does Bitzlato Work
Given the above benefits of Bitzlato, you would be interested to know how to buy and sell bitcoins in Kenya.
Typically, crypto trading is generally tricky, especially for newbies. A trader looking for an opportunity to break into the cryptocurrency market should look for simple trade ways.
However, the P2P platform is an easy to use platform where you buy or sell crypto directly. It works the same way as to direct selling; except it’s done on a controlled online platform. The trading is not limited by geographical distance. All one requires is a device with an internet connection.
Bitzlato telegram bot, one of the simplest to use peer to peer trading versions was the early introduced trading version by Bitzlato, and newcomers still find it easy to use.
When using Bitzlato, the user gets the privilege of the two options: telegram bot or the web version. Alternatively, some users prefer merging the two versions for a better experience.
Currently, many developers have integrated bots with P2P platforms enabling users to access both services on one account. Today there are eight telegram bots integrated with crypto P2P platforms – 1 Bitcoin Bots, two Stable coin bots, and 5 Altcoin bots
Bitzlato platform was developed as a Telegram bot. However, the platform did not attract many users. The developers rebranded and developed a web version in 2018. The platform is today accessible on the two interfaces. We will provide simple steps to access each version and start trading.
Below are easy to follow steps to open an account and start trading. Traders can access and transact on the platform through telegram bot or web version. Also, a user can decide to use the two interfaces by simply merging the two.
How to use Telegram version
- Launch telegram bot.
- Enter the username as @BTC_CHANGE_BOT.
- Open a Bitcoin banker, and select “Exchange BTC/KES.”
- You will receive a message. On the messages, select “my adverts.”
- If you want to buy bitcoins, you will select ” you want to buy bitcoins.”
- Click on “Electric payments” on the dialog box that appears. You will see a menu
- Select Mpesa as your preferred payment channel since you are within Kenya.
- Specify the rate you would like to buy the bitcoins. For instance: 0%, 0.5%, etc. Also, specify the range of funds you want to use to transact on the bot.
- Once you have entered all the required information, you can view the ad by clicking ” Exchange BTC/KES’?”, then click “start trading to activate the advert.
If there is a bitcoin trader selling bitcoins, then you should expect an offer.
On the other hand, if you want to sell bitcoins in the telegram, you should follow the same process whenever a buyer expresses interest in your advert and initiates the buying process by crediting funds into your wallet.
- You can release the bitcoins by selecting ” release coins to the buyer.”
- Lastly, to complete the process, you have to confirm the decision.
How to Use Bitzlato Web Version
The web version is an easy to use design which allows the users to navigate fast and easily. You can create an advert as a buyer or a seller.
The web version appearance remains the same regardless of the device you are using – whether a phone or a PC.
Below are easy to follow steps:
- Select “Create Advert.” Click in advert type.
- Select either buying or selling.
- Specify the currency you are interested in. There are various types of cryptocurrencies to choose from – Bitcoins, Dogecoin, Tether, Bitcoins Cash, among others.
- Select the Kenyan currency – KES.
- On the payment Method, choose Mpesa.
- Set a specific rate.
- Specify the minimal currency.
- Once all is set, you can click on create an Advert.
If one wants to merge the two, it’s possible to join the two platform’s versions. You can merge the web version and the telegram version. Watch the following Video.
Essentially, there are still necessary improvements to be done on the platform. To make the buying and selling process convenient, the developers should consider having a list of both buyers and sellers together with their requirements. It would be easy to pair the traders who are compatible and lessen the user’s time taken looking for a suitable buyer or seller.
In conclusion, cryptocurrency has grown fast in recent years. P2P platforms fuel the crypto trading growth, with Bitzlato being one of the leading P2P platforms changing the trading landscape. The platform continues to offer secure and easily accessible cryptocurrency trading services.