How To Buy Bitcoin in Trinidad and Tobago?
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Getting bitcoins in Trinidad and Tobago is not an easy task as not all popular crypto exchanges are available to Trinidad and Tobago citizens. This is a current list of bitcoin exchanges that allow users from Trinidad and Tobago to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
Binance
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, AUD, RUB
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
Kraken
Fees β Average
Verification β 2-3 Days
Reputation β Trusted
Supported fiat β USD, EUR, GBP, JPY, CAD
Kraken is one of the oldest and biggest centralized cryptocurrency exchanges on the market. It was founded in San Francisco, California, the United States, in 2011. It has over 6 million users all over the world. Kraken offers 90+ cryptocurrencies that you can buy, sell, and trade.
More info +
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 170+ countries supported
Β Never been hacked
Β Mobile App (iOS and Android)
Various payment methods
A wide range of cryptocurrencies is available
Fees slightly above the industry average
Limited customer support
Coinbase
Fees β High
Verification β 1 Day
Reputation β Trusted
Supported fiat β 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.
More info +
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 Regulated and licensed
Β Well Established Company
Β Mobile App (Android and iOS)
Great support
Lower liquidity than other exchanges
Extensive Verification Process
Best Bitcoin Wallets in Trinidad and Tobago
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 Bangladesh?
- How To Buy Bitcoin in Jamaica?
- How To Buy Bitcoin in Kenya?
- How To Buy Bitcoin in Zambia?
Coinmama
Fees β High
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, CAD, AUD
Founded in 2013 in Israel, Coinmama is one of the oldest crypto exchanges in the business. With its current headquarters in Dublin, Ireland, this centralized cryptocurrency exchange allows its users to quickly and securely buy and sell cryptocurrencies.
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 Available almost worldwide
Β Mobile App (Android and iOS)
Β Good for Beginners
Good Support
Various payment methods
A small selection of available cryptocurrencies
Medium fees
Paxful
Fees β Average
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, CAD, AUD + more
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
LocalBitcoins
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, and more
When we talk about the largest peer-to-peer crypto platforms, LocalBitcoins is probably the first exchange that comes to mind. It is one of the oldest online marketplaces where you can buy and sell Bitcoin. LocalBitcoins is based in Helsinki, Finland.
More info +
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)
Β Available in all countries
Β The longevity on the crypto market
Β A great number of payment methods
A face-to-face meeting might be annoying
KYC is mandatory
Frequently asked questions about buying Bitcoin in Trinidad and Tobago
Top payment methods in Trinidad and Tobago
1. Bank Transfer. Paxful makes it easy and secure for you to buy and hold cryptocurrency
2. PayPal. Paxful makes it easy and secure for you to buy and hold cryptocurrency
3. Wise (TransferWise)
4. Amazon Gift Card
5. OneVanilla VISA/MasterCard Gift Card
6. Steam Wallet Gift Card
Can you buy Bitcoins at a bank? No, you canβt.Β Youβll have to use dedicated Bitcoin exchanges inΒ order to buy Bitcoins.
Hereβs a quick guide for buying your first Bitcoin:
Step 1 β Get a Bitcoin wallet.
Step 2 β Locate your Bitcoin address.
Step 3 β Choose the amount of Bitcoin to buy.
Step 4 β You will be navigated to Binance, where you can enter your Bitcoin address and payment information.
Unfortunately,Β there are no Bitcoin ATMsΒ in Trinidad and Tobago as of today.
Best for Beginners: Exodus.
Best for Advanced Bitcoin Users: Electrum.
Best for Mobile Users: Mycelium.
Best Hardware Wallet: Ledger Nano X.
Best for Security: Trezor Model T.
Best Bang For Your Buck: Ledger Nano S.
The Eastern Caribbean Central Bank (ECCB), the Eastern Caribbean Securities Regulatory Commission (ECSRC), and the Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda have been made aware of the establishment of Bitcoin Automated Teller Machines (ATMs) which allow for the purchase of fractions of Bitcoin or Bitcoin Cash up to a daily limit of USD$900 (EC$2,430), at various locations in Antigua and Barbuda.
The post How To Buy Bitcoin in Trinidad and Tobago? appeared first on CaptainAltcoin.
Cryptocurrency