How to Sell Bitcoin in Kenya with M-Pesa
Introduction
Bitcoin has become increasingly popular in Kenya as more people seek to invest and trade in cryptocurrencies. One of the biggest challenges for cryptocurrency enthusiasts is how to sell bitcoin in Kenya with M-Pesa. This article will guide you on how to sell bitcoin on CoinCola, a global OTC cryptocurrency marketplace, and exchange that provides digital trading services.
Understanding CoinCola and M-Pesa
CoinCola is an OTC cryptocurrency marketplace and exchange that provides digital trading services. The platform allows users to buy and sell cryptocurrencies using fiat currency and offers various payment methods, including M-Pesa. M-Pesa, on the other hand, is a mobile money transfer service widely used in Kenya. It allows users to send and receive money, pay bills, and buy goods and services.
How to sell bitcoin in Kenya using CoinCola and M-Pesa
1. Registering an account with CoinCola
To start selling bitcoin on CoinCola, you need to create an account on the platform. Visit the CoinCola website and click on the “register” button. Fill in the required details, including your name, email address, or phone number, and set up a strong password.
2. Verifying your account
Once you have registered, you need to verify your account by providing the required identification documents. Click on the “account verification” tab on the dashboard and follow the prompts to upload your ID and proof of address documents.
3. Depositing bitcoin into your CoinCola wallet
After verifying your account, you need to deposit bitcoin into your CoinCola wallet. Click on the “deposit” button on the dashboard and select the “bitcoin” option. You will be provided with a unique bitcoin address that you can use to transfer bitcoin from your external wallet to your CoinCola wallet.
4. Selling bitcoin for M-Pesa on CoinCola
Once you have deposited bitcoin into your CoinCola wallet, you can start selling it for M-Pesa. Click on the “sell” button on the CoinCola OTC market and select the “M-Pesa” option to find the right offer. Enter the amount of bitcoin you want to sell and the price per bitcoin. You will be required to provide your M-Pesa details, including your phone number, to complete the transaction.
5. Verifying the Trade Details
Before confirming the trade, make sure to double-check all the trade details. Make sure you are selling the right amount of Bitcoin at the right price. Also, make sure the payment method you have selected is supported by the buyer.
6. Confirming the Trade
If everything looks good, go ahead and confirm the trade. Once you confirm the payment, the Bitcoin will be transferred from your CoinCola OTC wallet to the buyer’s wallet.
7. Leaving Feedback
After the trade is complete, make sure to leave feedback for the buyer. This helps build trust in the CoinCola community and helps other users know which buyers are trustworthy.
8. Withdrawing Your Money
Once the payment is released to you, you can withdraw your money from your M-Pesa account. You can withdraw your money to your bank account or other payment methods available in Kenya.
Related: Best Site to Sell Bitcoins in Ghana and Kenya in 2023
Benefits of using CoinCola to sell bitcoin in Kenya with M-Pesa
There are several benefits to using CoinCola to sell bitcoin in Kenya with M-Pesa. Firstly, the platform offers a secure and reliable way to sell bitcoin. CoinCola has a robust security system that ensures the safety of users’ funds and data. Secondly, CoinCola offers competitive prices, ensuring that you get the best deal when selling your bitcoin. Lastly, CoinCola supports multiple payment methods, including M-Pesa, making it convenient for users in Kenya.
Conclusion
Selling Bitcoin in Kenya with M-Pesa on CoinCola.com in 2023 is a simple process. CoinCola provides a safe and convenient way to sell your Bitcoin in Kenya with M-Pesa. By following the steps outlined above, you can easily sell your Bitcoin on CoinCola and receive payment in M-Pesa. Remember to always trade with verified buyers and to leave feedback after completing a trade.
FAQs
Selling bitcoin to an existing offer is free. However, merchants who create offers will be charged a trading fee of 0.7% after the transaction is complete.
The time it takes to complete a trade on CoinCola depends on various factors, such as the payment method, the amount being traded, and the verification status of the buyer and seller. However, most trades are completed within a few hours.
Yes, you can withdraw your money to your M-Pesa account or other payment methods available in your country.
CoinCola is a global cryptocurrency marketplace that offers digital trading services. Founded in 2016, CoinCola is a trustworthy platform for buying and selling cryptocurrencies, including Bitcoin. It has strict security protocols to ensure the safety of users’ funds and accepts various payment methods, such as M-Pesa in Kenya.
Yes, CoinCola is a trusted and secure platform for buying and selling cryptocurrencies, including Bitcoin, in Kenya. Make sure to follow the necessary safety measures, such as trading with verified buyers and leaving feedback after completing a trade.
