Learn how to get started with Bitcoin in Kenya with the Bitnob app. This guide covers everything from creating your account to managing Bitcoin safely.
Bitcoin has become incredibly popular in almost all African Countries and has reshaped the financial landscape globally. In Kenya, the adoption of digital currency, especially Bitcoin, has been on the rise, thanks to the increasing accessibility and user-friendly platforms like Bitnob. Bitcoin continues to gain mainstream acceptance as Kenyans are exploring innovative ways to take advantage of Bitcoin for investment, remittances, and even daily transactions. However, for many, getting started with Bitcoin can feel challenging. The complex nature of the digital currency, the lack of comprehensive education, and the fear of navigating a new and sometimes volatile financial system may prevent people from exploring the Bitcoin world.
But there's good news. With the Bitnob App, getting started with Bitcoin in Kenya has never been simpler. Bitnob gives you access to buy, sell, and save Bitcoin seamlessly. So, whether you are new to Bitcoin or looking to expand your Bitcoin knowledge, Bitnob offers a secure and reliable platform to help you navigate the world of Bitcoin. This article will discuss how to get started with Bitcoin in Kenya especially using the Bitnob app.
Getting Started With Bitnob
Kenya has long been at the forefront of mobile money technology with platforms transforming how people send and receive money. Now, Bitcoin offers an alternative that can further empower individuals and businesses in Kenya, and this is how to get started with the Bitnob App.
Download the Bitnob App
The first step in getting started with Bitcoin through Bitnob is downloading the app. Bitnob is available for both Android and iOS users.
Create an Account
Once the Bitnob App is downloaded and installed on your device, the next step is to create an account by signing up. Provide a valid email address and create a strong password. After doing this, verify your email address by clicking a link sent to your inbox. Then, verify your KYC as well and you’re well set up.
Fund your USD Wallet
On the Bitnob app, buying Bitcoin starts with funding your USD wallet. The money you have in your USD wallet is what you will use to buy Bitcoin on the Bitnob app.
- Step 1: Tap on “Deposit”
- Step 2: Tap on “Fund with Local Currency”
- Step 3: Enter the amount you want to fund your wallet with and tap on “Continue”.
- Step 4: Fill out the security question
- Step 5: Make payment using the payment details provided. Once payment is made tap on “I have made this payment”
Once your wallet is funded, you’re ready for the exciting part—saving Bitcoin!
How to DCA Bitcoin on the Bitnob App
Dollar-cost averaging (DCA) is an investment strategy in which an investor consistently invests a fixed amount of money into an asset at regular intervals, regardless of market fluctuations or the asset’s price. The goal of this approach is to minimize the impact of market volatility on the average cost of the investment over time. The funds in your USD account will be used to purchase Bitcoin through the Bitnob app at regular intervals.
Step 1: Tap on “more” in the quick links section and then tap on “Savings”
Step 2: Tap on “Create Savings Plan” and Select “Bitcoin Savings”. Then, give your plan a name.
Step 3: Select an amount to save. You can start with as little as $1.
Step 4: Set your savings frequency. You can choose to save every day, once a week, or once a month.
Step 5: Set a lock period for your savings. It could be 3 months, 6 months, or a year.
Step 6: Pick a start date for your savings. Then select a funding source, which is your USD wallet. Then, select Start Plan, and you're all set!
Conclusion
Whether you're looking to hedge against inflation, send money to friends abroad, or simply explore the world of Bitcoin, Bitnob offers an accessible and secure way to get started with Bitcoin in Kenya. With Bitnob, you can easily start using it for investments, remittances, or everyday transactions.
You can also easily send money to other African countries, and secure a virtual dollar card for your international transactions. Download the app now to get started.