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How to Buy Bitcoin in Brunei?

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Easiest and cheapest ways to buy crypto in Brunei

Getting bitcoins in Brunei is not an easy task as not all popular crypto exchanges are available to Brunei citizens. This is a current list of bitcoin exchanges that allow users from Brunei to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Established & high liquidity

How to Buy Bitcoin in Brunei?

Binance

👛 Ease of Use – Medium
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB

Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the world’s largest centralized cryptocurrencies exchange. Originally from Hong Kong and now from the small European island of Malta, this exchange was founded in July 2017, and it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).

More info +

On Binance, you can buy, sell, and trade a large number of cryptos with low fees. Two Factor Authentication, cold storage, and multi-sig wallets provide Binance users excellent security. It is considered one of the most secure cryptocurrencies exchange in the crypto sphere. Binance supports spot trading, margin trading, P2P trading, futures, earn (locked savings, fixed savings, yield farming, and DeFi staking), mining, and staking pools. You can trade more than 350 cryptos and over 1300 trading pairs.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Vary from crypto to crypto
⚡ Trading fees:
0.1%
⚡ Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
⚡ Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

  Low fees
  High liquidity
  Lite and Pro version
350+ cryptos and 20+ fiat currencies

Not accessible to U.S. users
Hacked in 2019

Regulated & high liquidity

How to Buy Bitcoin in Brunei?

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.

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Currently, 4 million users in over 170 countries worldwide use Kraken’s services (excluding Washington and New York in the U.S). Kraken is registered under FinCEN in the United States.  Besides buying and selling crypto, this exchange also supports margin trading, OTC trading, market, and stop-loss limit order, staking, limit, futures, take profit market order, and more. It is an easy-to-use exchange and an ideal platform for secure, safe, and fast transactions.

⚡ Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
⚡ Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD)
⚡ Trading fees:
Maker: 0.16%Taker: 0.28%
⚡ Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
⚡ Supported fiat:
USD, EUR, GBP, JPY, CAD

  Available almost worldwide
  High security
  Over 90 cryptocurrencies
Various payment methods

Fees slightly above the industry average
No tax support

Regulated & high liquidity

How to Buy Bitcoin in Brunei?

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

If you would like to talk about one of the oldest exchanges in the crypto world then Coinmama is for sure the one. The exchange was launched in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. Slovakia is the country where you will find Coinmama’s headquarters.

More info +

Coinmama has over 2 million users and is operating in more than 150 countries. The company has over 40 employees. It offers a user-friendly and simple interface which makes it suitable for complete beginners.

⚡ Deposit fees:
0 – 5 %
⚡ Withdrawal fees:
None
⚡ Trading fees:
2.9 – 3.9 %
⚡ Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
⚡ Supported fiat:
USD, EUR, GBP, CAD, AUD

  Beginner-friendly interface
  Available almost worldwide
  Various ways to deposit
Simple to use
No withdrawal fee

No mobile app and no staking
No phone number for customer support

Best Bitcoin Wallets in Brunei

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile


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Bottom Line

ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

Cons

No major flaws

Exodus
Exodus
Desktop


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Bottom Line

Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

Cons

Not completely open source

Ledger Nano X
Ledger Nano X
Hardware


Visit Now

Bottom Line

Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Cons

Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity

How to Buy Bitcoin in Brunei?

Paybis

👛 Ease of Use – Easy
👛 Trading Fees – Average
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

Paybis is a cryptocurrency exchange based in Scotland and in the UK. It was launched back in 2014 so it has longevity on the crypto market. The exchange has offices in Glasgow, as well as in Riga, Latvia.

More info +

Paybis is suitable for users who want long-term investments and has a larger user base. It is available in more than 180 countries in the world, including the US. Paybis supports around 40 crypto assets. The main focus of the exchange is on Round-the-clock support, Worldwide access, Fast security checks, high-level security, and Instant payouts. The exchange is regulated by the Financial Conduct Authority under (FCA), UK’s tier-1 regulatory body.

⚡ Deposit fees:
Free (there is a transaction fee – 2.49%)
⚡ Withdrawal fees:
Free
⚡ Trading fees:
0.99 – 2.49 %
⚡ Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller.
⚡ Supported fiat:
USD, EUR, GBP, and 40+ more

  A lot of payment methods and fiat currencies supported
  It is regulated
  The longevity of the crypto market
Easy-to-use interface

The number of supported cryptocurrencies could be higher
No advanced trading features 

Established & high liquidity

paxful

Paxful

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD + more

Founded back in 2015, with its headquarters in New York, United States, a cryptocurrency exchange platform Paxful offers its services to nearly 5 million users around the globe.

More info +

Being one of the longest-lasting P2P Bitcoin exchanges, Paxful offers its users a straightforward and easy-to-use platform where they can buy, sell and trade supported crypto fast. When it comes to supported cryptocurrencies, Paxful supports only 3: Bitcoin, Ethereum, and Tether USD. However, the volume of Bitcoin trading is very high. On the other hand, Paxful supports a stunning amount of fiat currencies, more than 140 different ones.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
0.5% – 5%
⚡ Trading fees:
No buyer fee, seller fee varies from 0.5% to 5%
⚡ Payment Methods:
Over 350 payment methods are available
⚡ Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more

  Safe Escrow trading
  Various payment methods
Responsive support forum
Support for a large number of fiat currencies

A bit higher fees
A lot of scammers

Established & high liquidity

Localbitcoins

LocalBitcoins

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

When we talk about the largest peer-to-peer crypto platforms, LocalBitcoins is probably the first exchange that comes to mind. It is one of the oldest online marketplaces where you can buy and sell Bitcoin. LocalBitcoins is based in Helsinki, Finland.

More info +

Jeremiah Kangas founded LocalBitcoins in 2012. The platform is truly worldwide since it operates in more than 240 countries. We can define LocalBitcoins as a peer-to-peer system that connects buyers and sellers in the local area. First, users post ads on the platform. They need to state in those ads their payment methods and exchange rates for buying or selling Bitcoins. Then, others users reply to ads so that the transaction can be finally made.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Free
⚡ Trading fees:
1%
⚡ Payment Methods:
SEPA, Wire Transfer, Paypal, WeChat, MoneyGram, Credit Card, Debit Card, etc.
⚡ Supported fiat:
USD, EUR, GBP, RUB, and more (most currencies)

  Available in all countries
  The longevity on the crypto market
  A great number of payment methods

A face-to-face meeting might be annoying
KYC is mandatory

Regulated & high liquidity

How to Buy Bitcoin in Brunei?

Crypto.com

👛 Ease of Use – Easy
👛 Fees – Medium
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, and 10+ more

Crypto.com is a prominent cryptocurrency exchange with support for a range of crypto assets and blockchain-related products.

More info +

Users can buy, sell, and trade an extensive list of currencies, and enjoy relatively low trading fees. Additionally, the company offers cryptocurrency credit cards, a decentralized exchange, a standalone crypto wallet, and an NFT marketplace. It also allows users to stake their crypto, or hold it in a Crypto.com wallet for a set period, to earn up to 14.5% interest.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Vary from coin to coin
⚡ Trading fees:
0.04% – 0.2 %
⚡ Payment Methods:
Credit card, Cryptocurrency, PayPal, Wise, SEPA
⚡ Supported fiat:
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR, and more

  An extensive list of supported cryptocurrencies
  Transparent, competitive fees with discounts available
  Support for an ecosystem of cryptocurrency products

Higher fees unless you hold and use CRO
Poor customer support
Trading fee discounts can be confusing to navigate

Frequently asked questions about buying Bitcoin in Brunei

Where can I buy Bitcoin in Brunei❓

You can buy Bitcoin in Brunei on any of the exchanges mentioned in this article.

Is Bitcoin legal in Brunei❓

Bitcoin and cryptocurrency are not legal tender in Brunei Darussalam and are not regulated by AMBD (Brunei Monetary Authority).

Can Brunei use Binance❓

Yes, Binance is available in Brunei.

How do beginners buy bitcoins❓

1. Join a Bitcoin Exchange. First, you’ll need to determine where you want to make a Bitcoin purchase.
2. Get a Bitcoin Wallet. When you purchase a coin, it’s stored in a “wallet,” which is where all your cryptocurrency is stored.
3. Connect Your Wallet to a Bank Account.
4. Place Your Bitcoin Order.
5. Manage Your Bitcoin Investments.

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