https://ift.tt/2AG7bVQ To Buy Bitcoin in Bangladesh?

How To Buy Bitcoin in Bangladesh?

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Easiest and cheapest ways to buy crypto in Bangladesh

Getting bitcoins in Bangladesh is not an easy task as not all popular crypto exchanges are available to citizens of Bangladesh. This is a current list of bitcoin exchanges that allow users from Bangladesh 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 Bangladesh?

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 +

There are various reasons why Binance became so popular so quickly with the main ones being a professional attitude, friendly and transparent CEO, low trading fees, and the large number of cryptocurrencies supported by the platform. In fact, the number of cryptocurrencies supported is over 350 and Binance is supported in over 60 countries. The founder of the exchange is Changpeng Zhao. Binance’s headquarters are in Hong Kong, HK.

⚡ 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

Regulated & high liquidity

How To Buy Bitcoin in Bangladesh?

eToro

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

eToro is one of the leading crypto exchange platforms that offer its users social and copy trading. This platform was founded in 2007 in Cyprus and has amassed more than 20 million users in 140 different countries. As of lately, the US has joined the list of supported countries as well.

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Although the US joined the list, these users can only trade cryptos on eToro. On the other hand, other supported countries have nine ways to trade. These include Stocks, Commodities, Forex, Indices, Social Trading, CFDs, ETF, Index-Based Funds, and Cryptocurrencies.

⚡ 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

  “Virtual Hub” feature
  It is regulated
  Several security measures
Easy-to-use

Few available cryptos
Scalping isn’t enabled

Regulated & high liquidity

How To Buy Bitcoin in Bangladesh?

Kraken

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

If we are talking about the “big three” in the crypto exchanges world, then Kraken definitely joins Coinbase and Binance to be a part of it.

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Kraken has millions of active users, international markets, and strategic investors on board. It was launched back in 2011 so it is one of the oldest crypto exchanges in the world. Headquarters are in San Francisco, California, U.S. The founder and the CEO of the company is Jesse Powell.

⚡ 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 Bangladesh

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 & Established

How To Buy Bitcoin in Bangladesh?

Coinbase

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

Founded in 2013 in London, UK, and with over 4 million users, Cex.io is among the oldest cryptocurrency exchange platforms on the market. On Cex.io, you can buy, sell, trade, and store over 100 cryptocurrencies.

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This centralized exchange supports fiat to crypto purchases, margin trading, spot trading, staking, lending, leverage, and savings. It has more than 100 cryptocurrencies available for trade and over 220 trading pairs. Today, Cex.io is available in more than 180 countries around the globe (including the U.S.). Cex.io applies AML and KYC policies, and it is registered with The Financial Crimes Enforcement Network (FinCEN).

⚡ 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
  Well Established Company
  Mobile App (Android and iOS)
Great support

Lower liquidity than other exchanges
Extensive Verification Process

Regulated & high liquidity

How To Buy Bitcoin in Bangladesh?

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

Established & high liquidity

paxful

Paxful

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

Paxful is “the Uber of the Bitcoin”. It is a crypto exchange based in the US that has over 200 employees. Paxful was launched back in 2015 so it has been around for quite some time now. The founders of Paxful are Artur Schaback and Ray Youssef.

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The headquarters of the company is in NY, US. Paxful offers a simple, easy way to buy crypto assets. Moreover, if you would like to spread the word about Paxful while generating a 2% revenue from any amount bought, there is Paxful’s affiliate program called “virtual kiosk”.

⚡ 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

  An incredible number of payment methods
  Easy-to-use platform
Available in more than 180 countries
Security is on a high level

No trading features
It is not regulated

Frequently asked questions about buying Bitcoin in Bangladesh

Is Bitcoin available in Bangladesh❓

Bangladesh, like a few other countries, has explicitly banned the usage of Bitcoin and other crypto-currencies in Bangladesh.

Is there PayPal in Bangladesh❓

PayPal is not currently available in Bangladesh. However, Xoom, a PayPal service, has been live in Bangladesh since November 2015. Through Xoom, people in the U.S. can send money to loved ones by depositing money to leading banks in the country.

Are Bitcoins Haram❓

According to the fatwa, the use of Bitcoin and other such coins for investment and payment is considered haram. The volatility of currencies such as Bitcoin and such makes it haram.

Can I use Binance in Bangladesh❓

Yes, you can. Binance has added support for the Bangladeshi (BDT).

Is eToro available in Bangladesh❓

Yes, eToro is available in Bangladesh.

Does Bangladesh have Bitcoin ATM❓

Unfortunately, there is no bitcoin ATM we know of in Bangladesh

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

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