https://ift.tt/xBybeV4 To Buy Bitcoin in Nepal?

How To Buy Bitcoin in Nepal?

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Easiest and cheapest ways to buy crypto in Nepal

No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Nepal is a bit harder than in some other countries so we have compiled a list of exchanges where Nepalis can buy bitcoin.

Established & high liquidity

How To Buy Bitcoin in Nepal?

Binance

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

Binance is widely considered the largest cryptocurrency exchange in the world. It was launched in July of 2017 and in a short period of time became the exchange with the largest trading volume with more than $1 billion on a daily basis.

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How did Binance become so big so quickly? There are various reasons – low trading fees, professional attitude, the large number of cryptocurrencies supported by the platform, and friendly and transparent CEO. Some of the features available on Binance are Earn (locked and fixed savings, DeFi staking, and yield farming), Pool (join their mining and staking pools and earn rewards for keeping your chosen blockchains safe), Liquid swap, Liquidity pools, Automated trading bots, spot trading, futures and margin trading, and P2P trading.

⚡ 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

  High liquidity
  It supports a large number of crypto assets
  Widely considered the largest crypto platform
Various advanced features and services
One of the lowest fees among top exchanges

Not available in the US
Not fully registered
Hacked in 2019

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.

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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

Regulated & high liquidity

How To Buy Bitcoin in Nepal?

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.

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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

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


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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

coinbase

Coinbase

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – EUR, USD, and 50+ more

Coinbase is one of the well-known, established, and trusted cryptocurrency exchanges. It was founded back in 2012, with its headquarters in San Francisco.

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Coinbase offers its services in over 100 different countries around the world and has more than 60 million registered users. It offers its users more than 100 cryptocurrencies to choose from. Additionally, well above 400 trading pairs are offered on the Coinbase exchange. Furthermore, there is also a mobile app that is supported on Android as well as IOS.

⚡ Deposit fees:
Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10
⚡ Withdrawal fees:
SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25
⚡ Trading fees:
Fees vary
⚡ Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer,
⚡ Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more

  An easy way for new users to purchase Bitcoin
  More than 100 cryptocurrencies to choose from
  A regulated and trustworthy company
High liquidity and purchasing limits

Confusing fee composition
Higher than usual fees

Established & high liquidity

Localbitcoins

LocalBitcoins

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

Founded in 2012 in Finland by Nikolaus Kangas, LocalBitcoins represents one of the largest P2P (peer-to-peer) marketplaces online. Nicknamed as the “Craigslist” of Bitcoin, users can communicate and trade directly on the platform with one another. Bitcoin is the only currency supported by LocalBitcoins.

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The numerous security measures (Escrow, Reputation System, etc.) make the platform a safe and reliable Bitcoin trading place. LocalBitcoins doesn’t use the usual brokerage business model. Instead, as a P2P network, it works by connecting sellers and buyers that are located in the same area. You post an ad on the website and state the exchange rate and the desired payment method. Users in the local area can reply to the advertisement and arrange a meet-up either online or in person. The whole process is pretty straightforward.

⚡ 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)

  Various payment options
  One of the oldest P2P crypto exchanges
  Accessible worldwide
High liquidity

Many scammers join the platform
Fees are higher than usual

Regulated & high liquidity

How To Buy Bitcoin in Nepal?

Coinbase

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

Cex.io is one of the older centralized cryptocurrency exchanges that is still going strong, adding new coins and features to its trading platform every month. Founded in 2013, this exchange is one of the oldest Bitcoin exchanges. Cex.io is based in London, UK.

More info +

Today, Cex.io is available in more than 180 countries around the globe. It is registered with FinCEN, and it applies AML (anti-money laundering) and KYC (know your customer) policies. Cex.io supports fiat to crypto purchases, spot trading, margin trading, staking, leverage, lending, and savings.

⚡ Deposit fees:
 0 – 3.99 %
⚡ Withdrawal fees:
0 – 3 %
⚡ Trading fees:
0 – 0.25 %
⚡ Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
⚡ Supported fiat:
USD, EUR, GBP, RUB

  Regulated and licensed
  Over 4 million users worldwide
  Fast support
Various payment options

Just 4 fiat currencies are available
Extensive Verification Process

Frequently asked questions about buying Bitcoin in Nepal

Is Bitcoin available in Nepal❓

Yes, it is. You can use some of the exchanges mentioned in this article to buy your first Bitcoin.

Can I buy Bitcoin from my bank in Nepal❓

No, you can’t. You’ll have to use dedicated Bitcoin exchanges in order to buy Bitcoins.

Is buying crypto legal in Nepal❓

Cryptocurrency trading and mining are punishable as they are illegal in the country, the Nepal Rastra Bank (NRB) remarked in а recently published warning titled “Cryptocurrency transactions are illegal.” Cryptocurrency trading and mining and encouraging illegal activities are punishable as per existing laws.

Is PayPal available in Nepal❓

PayPal is one of the most preferable, easiest, and largest online payment processors around the world. PayPal’s entire business model is premised on facilitating safe transactions while offering a gigantic amount of features. But the global service provider Paypal is still not in direct use in Nepal.

How do beginners invest in Bitcoins❓

Here’s how to invest in Bitcoin, in 5 easy steps:
1. Join a Bitcoin Exchange.
2. Get a Bitcoin Wallet.
3. Connect Your Wallet to a Bank Account.
4. Place Your Bitcoin Order.
5. Manage Your Bitcoin Investments.

Can I buy Bitcoin for 1000 rupees❓

You can buy a fraction of a Bitcoin. For instance, you can buy Bitcoin for Rs 100 or Rs 1,000.

The post How To Buy Bitcoin in Nepal? appeared first on CaptainAltcoin.

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