Step By Step: How To Buy Bitcoin, Ether, Litecoin And Dash (Altcoins) Using Mpesa
If you’re interested in buying Bitcoin, Ether, Litecoin, or Dash (Altcoins) in Kenya using Mpesa, here’s a step-by-step guide to help you get started:
- Create a digital wallet: The first step to buying cryptocurrency is to create a digital wallet to store your coins. There are several options to choose from, such as Coinbase, Binance, and BitPesa. Pick one that supports the cryptocurrency you want to buy.
- Verify your account: After creating your digital wallet, verify your account by uploading the required documents such as a government-issued ID and proof of address.
- Link your Mpesa account: Once your account is verified, you need to link your Mpesa account to your digital wallet. To do this, go to the “Buy Crypto” section of your wallet and select Mpesa as the payment method.
- Enter the amount: After selecting Mpesa, enter the amount of cryptocurrency you want to buy in Kenyan Shillings. The exchange rate will be displayed, and you’ll know how much to pay.
- Enter your Mpesa PIN: Enter your Mpesa PIN to authorize the payment. The amount will be deducted from your Mpesa account and credited to your digital wallet.
- Receive your cryptocurrency: Once the payment is confirmed, you’ll receive your cryptocurrency in your digital wallet. You can hold on to it as an investment or use it for transactions.
It’s important to note that cryptocurrency prices can be volatile, and it’s important to do your research before investing. Also, ensure that the digital wallet you choose is reputable and secure to keep your coins safe.