M pesa bitcoin exchange rates
The Bitcoin wallet allows you to buy and use Bitcoins safely online. To Use Coinbase to buy bitcoins online, just create your account and convert your currency to Bitcoins. Receiving Bitcoins via Coinbase is free. Trucoin enables you to buy bitcoins instantly and online. You need to create a Trucoin account, add your Visa or MasterCard and then you can buy and receive Bitcoins instantly. Trucoin is one of the safest places where to buy bitcoins online: BitBargain is one of the best places where to buy Bitcoins in the UK.
The BitBargain system is secured through continuos quality checks and rules of online conduct to guarantee satisfaction for every Bitcoin seller and buyer. One of the advantages of Bitcoins technology is the speed of money transfer, and BitBargain allows you to sell online Bitcoins sellers in real time. Text message notifications ensure instant responses between sellers and buyers.
BitBargain is easy to use: Then it can take several more days up to a week for your transaction to clear. BItcoins are highly volatile, so the longer you hold them, the more risk exposure you will have to price swings.
You can instantly purchase BTC from a bank account through Coinbase if it is backed up by a credit card. Coinbase has a transaction fee of 1. However to get to MPesa you will need a second wallet. Bitwala offers free transfers to MPesa for accounts that have second tier verification, which means you have submitted proof of ID.
If I knew about this option in advance I would have provided documentation so I could go this route. In theory, you can go from your bank account to Coinbase for 1. You should be able to go from Coinbase to Bitwala in about 15 minutes, so there is a short time where you are exposed to potential price swings. At the time of this writing, Kenyan Shillings were worth about a penny on the open market.
Avoid this option if possible. It is convenient, so if you want to have this option, call your bank in advance to let them know you are travelling. Mobile Money - Using mobile money has been widely adopted in Kenya. At the time of this writing, the most widely used is MPesa offered by Safaricom. In Nairobi, most vendors have a vendor ID posted at the cash register or on the wall so you can easily send Mpesa to cover your balance.
The vendor typically absorbs the fee, the same as in the US. You can see their fee schedule here. So using MPesa is easy once you have them.