How To Buy Bitcoin in The Dominican Republic?
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Easiest and cheapest ways to buy crypto in The Dominican Republic
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in The Dominican Republic is a bit harder than in some other countries so we have compiled a list of exchanges where Dominican Republican citizens can buy bitcoin.

eToro





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.
More info +
Deposit fees:
Free Withdrawal fees:
$5 Trading fees:
0.75 % β 4.9 % spread depending on the cryptocurrency Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) Supported fiat:
USD, EUR, GBP, and 20+ more
Β βVirtual Hubβ feature
Β It is regulated
Β Several security measures
Easy-to-use
Few available cryptos
Scalping isnβt enabled

Binance





Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the worldβs 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 +
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
Β Low fees
Β High liquidity
Β Lite and Pro version
350+ cryptos and 20+ fiat currencies
Not accessible to U.S. users
Hacked in 2019

Cex.io





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.
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Deposit fees:
Β 0 β 3.99 % Withdrawal fees:
0 β 3 % Trading fees:
0 β 0.25 % Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments Supported fiat:
USD, EUR, GBP, RUB
Β Reputation is high
Β Longevity on the crypto market
Β 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
Best Bitcoin Wallets in The Dominican Republic
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.
ZenGoΒ 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
ElectrumΒ 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 XΒ 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 Washington?
- How To Buy Bitcoin in West Virginia?
- How To Buy Bitcoin in Wisconsin?
- How To Buy Bitcoin in Wyoming?

Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free) Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β 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
Β Available almost worldwide
Β Longevity on the crypto market β highly respected exchange
Β Over 90 cryptocurrencies
Advanced trading and staking services
Fees are fairly high compared to its main competitors
No derivates or futures trading

Coinmama





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 Coinmamaβs headquarters.
More info +
Deposit fees:
0 β 5 % Withdrawal fees:
None Trading fees:
2.9 β 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
Β Beginner-friendly interface
Β Available almost worldwide
Β Various ways to deposit
Simple to use
No withdrawal fee
No mobile app and no staking
No phone number for customer support

Paybis





Paybis is a cryptocurrency exchange that offers a safe, secure, stable, and easy to use platform to its users from when it was founded back in 2014.
More info +
Deposit fees:
Free Withdrawal fees:
Free Trading fees:
0.99 β 2.49 % Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller. Supported fiat:
USD, EUR, GBP, and 40+ more
Β Super easy to use
Β Excellent customer support
Β A great resource for crypto education
Transparent fees and fast transactions
A limited number of supported crypto assets
A bit higher trading fees

Paxful





Paxful is βthe Uber of the Bitcoinβ. 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.
More info +
Deposit fees:
Free Withdrawal fees:
0.5% β 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
Β An incredible number of payment methods
Β 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 The Dominican Republic

It states that the only legal means of payment in the country was and will be the national currency, andΒ the legalization of cryptocurrency will not be carried out. Citizens can carry out all transactions at their own risk, but they are not prohibited.

There areΒ 20Β Bitcoin ATMs throughout the Dominican Republic; most of them are concentrated in strategic points for tourists: Santo Domingo (capital), BΓ‘varo and Punta Cana (main tourist destination in the country) and Santiago de los Caballeros

Yes, LocalBitcoin exchange is available in the Dominican Republic.

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