How To Buy Bitcoin in Lebanon?
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Easiest and cheapest ways to buy crypto in Lebanon
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Lebanon is a bit harder than in some other countries so we have compiled a list of exchanges where Lebanese can buy bitcoin.
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
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
Longevity on the crypto market – highly respected exchange
Over 90 cryptocurrencies
Advanced trading and staking services
Fees are fairly high compared to its main competitors
No derivates or futures trading
Best Bitcoin Wallets in Lebanon
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
Read also:
- How To Buy Bitcoin in Israel?
- How To Buy Bitcoin in Brazil?
- How To Buy Bitcoin in Ethiopia?
- How To Buy Bitcoin in Mongolia?
Crypto.com
Ease of Use – Easy Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, CAD, and 10+ more
Crypto.com was founded in 2016 with the sole aim of making cryptocurrencies more accessible for everyday use in the financial world.
More info +
It was known initially as Monaco Technologies but swapped to Crypto.com in July 2018. It wasn’t long for it to show that it meant business as it raised $26.7M in a token sale in June 2017 after being accepted into Supercharger, a leading FinTech accelerator. With a built-in exchange, an intuitive mobile app, prepaid VISA cards, and an increasing number of supported cryptocurrencies Crypto.com has established itself as a popular name in the cryptocurrency world.
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
It accepts both fiat and cryptocurrencies
Mobile App (iOS and Android)
It provides other financial services like crypto loans, crypto staking, DeFi, etc., depending on your country
It offers tax support
The customer support could do better
Fiat withdrawals take too long
You need to have 50,000,000 CRO (its native token) to benefit from its highest fee discount
CoinSmart
Ease of Use – Easy Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – CAD
CoinSmart is a crypto exchange that was launched back in 2018 by Justin Hartzman and Jeremy Koven. The main purpose of launching the exchange was to make crypto more accessible to the common person in all parts of the world.
More info +
Deposit fees:
0 – 6 % Withdrawal fees:
1% ($15 Minimum) Trading fees:
0.20% for a single trade and 0.40% for double trade Payment Methods:
Interac E-transfer, Bank draft, SEPA, Wire transfer, Credit card, Debit card, Simplex, and Crypto assets Supported fiat:
CAD
It is regulated
The user-friendly, simple-to-use interface
Easy and fast deposit and withdrawal process
Customer support is on a decent level
A low number of supported cryptocurrencies
No advanced features such as staking, lending, borrowing, or margin trading
Not available in the US
Frequently asked questions about buying Bitcoin in Lebanon
A cryptocurrency machine is installed at Phillips 66 in Lebanon. You can buy BTC, ETH, LTC, DOGE, DASH for USD here. Phillips 66 is located in Lebanon.
While it warned the public of risks of bitcoins, and that they are not legal tender, bitcoins are still accepted by small businesses and merchants. The government of Lebanon has issued a warning discouraging the use of bitcoin and other similar systems.
Changelly accepts users from any country in the world.
Buying Bitcoin with cash isn’t as hard as it seems. One way you can buy Bitcoin with cash is peer-to-peer meaning, you can find someone locally to buy from in-person. This requires a bit more work than most people would enjoy. The other more convenient and less invasive way is to buy Bitcoin with cash at a Bitcoin ATM.
Yes, Kraken is available in Lebanon.
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