How to Convert Stablecoins to Kenyan Shillings

Kenya has been making strides in digital finance globally, but is the enthusiasm in this stride complete if Kenyans face challenges with accessing digital currencies in their localities? One of these challenges is converting stablecoins to Kenyan Shillings (KES), making it hard for freelancers and entrepreneurs to efficiently access their rightful funds.

Stablecoins, especially USDT (Tether), are emerging as a game-changer, providing a smooth and cost-effective alternative for cross-border transactions. Kenya, like many other countries, is witnessing a surge in digital currency adoption, which is simplifying financial operations significantly.

Receiving Stablecoins: The Role of Bitnob

Having the knowledge of stablecoins conversions in kenya is one, another important decision to make is choosing a user-friendly platform for smooth transactions–a non-complicated platform like Bitnob.

Here’s a straightforward guide on how to receive USDT using Bitnob:

1. Login to Your Bitnob Account: Get access to a Bitnob account by downloading the app first via Appstore or PlayStore.
2. Once you are done verifying your bitnob account, Go to the homepage, and navigate to the  Quick Links section.
3. Select 'Receive': Choose the USDT option to receive stablecoins.
4. Choose Your Network: Select your preferred network (typically Tron TRC20 for lower fees).
5. Scan or Copy Wallet Address: You can either scan the QR code or copy the wallet address. Sharing the address is also an option.
6. Complete the Transaction: Once the USDT is sent, it will reflect in your Bitnob account shortly.

Converting Stablecoins to Kenyan Shillings with Bitnob

After receiving your USDT, converting it to Kenyan Shillings using Bitnob is easy. Here’s how:

1. In the Quick links section, navigate to the 'Withdraw' button
2. Select Your MPESA Account: Ensure you have linked MPESA account to your Bitnob account.
3. Enter the Amount: Specify the amount you wish to withdraw in either USD or KES. The app will show you the equivalent in both currencies.
4. Confirm and Withdraw: Confirm the details and proceed with the withdrawal. Enter your PIN to finalize the transaction.
5. Conversion Complete: Your USDT is now converted to KES and transferred to your local bank account.

Conclusion

Bitnob extends beyond just a platform for USDT conversions. It’s designed to facilitate seamless financial transactions globally for Africans. Apart from stablecoins, Bitnob supports Bitcoin, allowing users to buy, sell, and securely store their digital assets. The platform also offers virtual card services for hassle-free online payments.

Found this helpful? Download Bitnob today to get started!