How To Buy Bitcoin in Kuwait?
https://ift.tt/LCARihW
Easiest and cheapest ways to buy crypto in Kuwait
Getting bitcoins in Kuwait is not an easy task as not all popular crypto exchanges are available to Kuwaiti citizens. This is a current list of bitcoin exchanges that allow users from Kuwait to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
Deposit fees:
N/A Withdrawal fees:
0.0005 BTC Trading fees:
0.25% – 0.50% Payment Methods:
Credit Card, Debit Card Supported fiat:
AED
Debit card deposits for 6 Middle East countries
Perfect if you want to trade in AED
Fiat deposits and withdrawals only available for six nations
No live chat or telephone support
Not regulated
Deposit fees:
Free Withdrawal fees:
Bank fiat withdrawal in Bahrain: $0
International bank fiat withdrawal via SWIFT: $10 or equivalent in local currency
BTC withdrawal: .0001 BTC ETH, LTC, XRP withdrawal: $0 Trading fees:
1.5% for bank buy/sell on brokerage
4% for card buy on brokerage
OTC desk – depends on size and currency Payment Methods:
SWIFT FAWRI FAWRI+ Debit Card, Credit Card, MADA KNET BENEFIT Supported fiat:
SAR, BHD, AED, OMR, KWD, USD, EUR
Buy bitcoin easily in the Middle East
High limits and liquidity available
Shari’a Compliant
Only available in Bahrain, Kuwait, Oman, Saudi Arabia, and UAE
eToro
Ease of Use – Easy Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP + more
eToro is a crypto exchange platform mostly popular for its advanced copy trading feature. Aside from being extremely reliable, eToro is also one of the oldest exchanges in the community; it was launched in 2007 with headquarters in Cyprus.
More info +
Deposit fees:
Free Withdrawal fees:
$5 Trading fees:
0.75 % – 4.9 % spread depending on the cryptocurrency Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) Supported fiat:
USD, EUR, GBP, and 20+ more
Unique features such as Social Trading and “Virtual Hub”
Simple interface
Competitive fees
The minimum trade amount is very low
There aren’t many supported cryptocurrencies
American citizens can only trade cryptos on the platform
Binance
Ease of Use – Medium Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, AUD, RUB
Binance was launched back in July of 2017 and very quickly became the world’s largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
More info +
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
The largest cryptocurrency platform
Various advanced services and features
Low fees and high liquidity
A large number of cryptocurrencies supported
Not fully registered
Hacked in 2019
Best Bitcoin Wallets in Kuwait
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.
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Kraken
Ease of Use – Easy Fees – Average Verification – 2-3 Days Reputation – Trusted Supported fiat – USD, EUR, GBP, JPY, CAD
Kraken is one of the largest cryptocurrency exchanges. It has been around for a very long time since it was launched back in 2011. In fact, Kraken is a part of crypto exchanges “big three” alongside Binance and Coinbase. It has millions of users around the world with strategic investors and the international market behind it.
More info +
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
Advanced trading and staking features
It has been active on the crypto market for a very long time
It has a good reputation
Advanced trading and staking services
Fees are fairly high
No derivates or futures trading
Cex.io
Ease of Use – Easy Fees – High Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, RUB
Cex.io is considered one of the oldest exchanges in the crypto world. It was launched in 2013. It started as a Bitcoin exchange and cloud mining provider, but today it is a global multi-functional crypto platform with over 4 million users.
More info +
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
Reputation is high
Longevity on the crypto market
Over 4 million users
Advanced features such as spot trading, margin trading, staking as a service, crypto loans, and savings accounts
Extensive Verification Process to Increase Purchasing Limits
Coinmama
Ease of Use – Easy Fees – High Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, CAD, AUD
Coinamma is one of the oldest cryptocurrency exchanges since it was launched back in 2013. The headquarters of the company is in Slovakia and its founders are Laurence Newman, Nimrod Gruber, and Ilan Schuster.
More info +
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
Simple, user-friendly interface
Various ways to deposit such as bank transfers or via credit card
Suitable for beginners
No withdrawal fee
Available in almost all countries
No mobile app and no staking
No phone number for customer support
Deposit fees:
Changelly does not have set fees due to the volatility of cryptocurrencies Withdrawal fees:
None Trading fees:
0.25% Payment Methods:
Debit Card, Credit Card Supported fiat:
USD, EUR, GBP
Wide range of cryptocurrencies
Low crypto-to-crypto exchange fees
Easy to use
Not regulated in the U.S.
High fiat-to-crypto rates
Limited payment options
Frequently asked questions about buying Bitcoin in Kuwait
1. Open the Rain app on your phone.
2. Click on Buy at the bottom of the page.
3. Select KWD account.
4. Select ETH account.
5. Enter the amount you would like to buy. Click Continue. You can either enter the value in KWD (e.g. KWD 100) or ETH (e.g. ETH 0.5).
Cryptocurrencies do not meet Sharia standards as a form of currency. However, Sharia loans experts assert that cryptocurrencies may still have a place in the Islamic financial sector if they are traded as a commodity or digital asset, as long as they meet requirements and display a clear benefit.
The Kuwaiti government banned financial institutions from trading Bitcoin during its run in late 2017 due to high volatility, and Bitcoin is not legal tender in the country.
There are currently no Bitcoin ATMs in Kuwait.
Yes. Bitcoin as of today is not regulated by any entity in Kuwait. And there are no laws that prohibit buying, selling, trading, using, storing Bitcoin.
The post How To Buy Bitcoin in Kuwait? appeared first on CaptainAltcoin.
Cryptocurrency
