How to Start a Bitcoin Business in Kenya

ByTristram Ouma

Mar 27, 2023
How to Start a Bitcoin Business in Kenya

Last updated on March 2nd, 2024 at 05:40 pm

Bitcoin is a digital currency that has gained widespread popularity in recent years. Starting a Bitcoin business in Kenya can be a lucrative opportunity, given the increasing demand for digital currencies. In this guide, we will provide you with a step-by-step approach to starting a Bitcoin business in Kenya.

Starting Cost Breakdown

Cost ComponentDescriptionEstimated Cost
Licensing and RegistrationRegister your business and obtain necessary licenses from regulatory authoritiesKES 50,000
Equipment and InfrastructurePurchase necessary hardware and software for your Bitcoin businessKES 500,000
Marketing and PromotionPromote your business through various marketing channelsKES 100,000
Operational CostsRent, salaries, utilities, and other expensesKES 200,000
TotalKES 850,000

Also Checkout: How to Start Hearse Business in Kenya


Choose a location that is easily accessible and visible to your target audience. You can consider setting up your Bitcoin enterprise in major cities such as Nairobi, Mombasa, or Kisumu.


To start a Bitcoin business in Kenya, you need to fulfill the following requirements:

  1. Register your business with the Registrar of Companies.
  2. Obtain a business permit from your local county government.
  3. Obtain necessary licenses from regulatory authorities such as the Central Bank of Kenya.
  4. Hire skilled employees who are knowledgeable about Bitcoin and blockchain technology.
  5. Purchase necessary hardware and software for your Bitcoin enterprise.
  6. Develop a user-friendly platform for your customers to buy and sell Bitcoins.

Market size

The market size for Bitcoin in Kenya is rapidly growing, with more and more people using digital currencies for various transactions. As of 2021, Kenya had over 5,000 Bitcoin users, and the number is expected to increase in the coming years.

Earnings per day

The earnings per day for a Bitcoin business in Kenya depend on various factors such as the volume of transactions, the fees charged, and the operational costs. On average, a Bitcoin business in Kenya can earn between KES 50,000 to KES 100,000 per day.

Pros and Cons

Here are the pros and cons of starting a Bitcoin enterprise in Kenya:


  1. High demand for Bitcoin services in Kenya.
  2. Opportunity for growth and expansion.
  3. High earnings potential.


  1. High level of competition.
  2. Regulatory uncertainty.
  3. Volatility in the cryptocurrency market.

In conclusion, starting a Bitcoin business in Kenya can be a profitable venture if you plan well and execute your strategies effectively. With the right resources, staff, and location, you could be on your way to building a successful Bitcoin enterprise in Kenya.

Also Checkout: How to Start a General Shop Business in Kenya