PRESS RELEASE. In the face of the generally negative attitude of financial regulators towards digital assets, P2P marketplaces have become the platforms of choice across Africa. As a world leader in P2P cryptocurrency exchange, Kenya has caught the eye of many P2P exchange service providers. Bitpapa is one of them, and it recently entered the Kenyan crypto market.
As a global P2P marketplace operating worldwide, Bitpapa has been offering cryptocurrency trading services since 2018, it’s only a matter of time before it enters the highly lucrative Kenyan cryptocurrency market. .
Thanks to Bitpapa, users can now exchange their Bitcoin (Ethereum, TON, Monero and USDT) for Kenyan shilling in a safe and secure P2P environment through a website, mobile app or Telegram bot (unique among crypto trading platforms).
There is the ease of convenience for users through a simple registration with an email address. No identity verification is required or confirmation with a phone number. Users can start trading immediately after activating their account by following a link sent to their email address. There are no limits to the amount a user can trade daily, even if it remains unverified.
On the Bitpapa platform, there is a policy that dictates the fair and equal treatment of all account users. Friendly and knowledgeable support staff are available 24/7 to help with any issues or questions.
The marketplace always protects transactions on the platform, whether the user is the buyer or the seller. When a user buys a cryptocurrency, Bitpapa can assure them that the seller will go through with it. Purchased cryptocurrency is locked in escrow, preventing malicious traders from scamming a user. If the seller does not release the coins once paid, a user can initiate a dispute and then the marketplace intervenes.
For sellers, parts are only released after receipt of payment, and the burden of proof is on the buyer. Therefore, the buyer must prove that he transferred the payment to the seller in accordance with the details provided.
A transaction is either completed and the counterparties receive their due, or it is canceled without anyone losing anything.
It is not uncommon to use P2P marketplaces as money transfer services. Internal transfers on Bitpapa are instant and free, and a user can use them to send coins from one user to another. All wallet addresses remain the same – Bitpapa knows which one belongs to the market and automatically distinguishes between internal and external addresses.
In addition, with the powerful Telegram bot, users can create Bitpapa codes and give them to their friends or customers. People can then redeem these codes on Bitpapa to top up their balance on the platform at no cost.
Now that Bitpapa is launched in Kenya, the competition in this market is intensifying. Cryptocurrencies have excited Kenyan users around the world, and Bitpapa aims to be their go-to platform for crypto exchanges and transactions.
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