How To Buy Bitcoin in Nepal?
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Easiest and cheapest ways to buy crypto in Nepal
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Nepal is a bit harder than in some other countries so we have compiled a list of exchanges where Nepalis can buy bitcoin.
Binance
Fees – Low
Verification – 1 Day
Reputation – Trusted
Supported fiat – USD, EUR, GBP, AUD, RUB
Binance is widely considered the largest cryptocurrency exchange in the world. It was launched in July of 2017 and in a short period of time became the exchange with the largest 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
High liquidity
It supports a large number of crypto assets
Widely considered the largest crypto platform
Various advanced features and services
One of the lowest fees among top exchanges
Not available in the US
Not fully registered
Hacked in 2019
Paxful
Fees – Average
Verification – 1 Day
Reputation – Trusted
Supported fiat – USD, EUR, GBP, CAD, AUD + more
Founded back in 2015, with its headquarters in New York, United States, a cryptocurrency exchange platform Paxful offers its services to nearly 5 million users around the globe.
More info +
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
Safe Escrow trading
Various payment methods
Responsive support forum
Support for a large number of fiat currencies
A bit higher fees
A lot of scammers
Crypto.com
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.
More info +
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
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 Ireland?
- How To Buy Bitcoin in Turkey?
- How To Buy Bitcoin in Tanzania?
- How To Buy Bitcoin in Qatar?
Deposit fees:
Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10
Withdrawal fees:
SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25
Trading fees:
Fees vary
Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer,
Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more
An easy way for new users to purchase Bitcoin
More than 100 cryptocurrencies to choose from
A regulated and trustworthy company
High liquidity and purchasing limits
Confusing fee composition
Higher than usual fees
LocalBitcoins
Fees – Low
Verification – 1 Day
Reputation – Trusted
Supported fiat – USD, EUR, GBP, and more
Founded in 2012 in Finland by Nikolaus Kangas, LocalBitcoins represents one of the largest P2P (peer-to-peer) marketplaces online. Nicknamed as the “Craigslist” of Bitcoin, users can communicate and trade directly on the platform with one another. Bitcoin is the only currency supported by LocalBitcoins.
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)
Various payment options
One of the oldest P2P crypto exchanges
Accessible worldwide
High liquidity
Many scammers join the platform
Fees are higher than usual
Coinbase
Fees – High
Verification – 1 Day
Reputation – Trusted
Supported fiat – USD, EUR, GBP, RUB
Cex.io is one of the older centralized cryptocurrency exchanges that is still going strong, adding new coins and features to its trading platform every month. Founded in 2013, this exchange is one of the oldest Bitcoin exchanges. Cex.io is based in London, UK.
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
Regulated and licensed
Over 4 million users worldwide
Fast support
Various payment options
Just 4 fiat currencies are available
Extensive Verification Process
Frequently asked questions about buying Bitcoin in Nepal
Yes, it is. You can use some of the exchanges mentioned in this article to buy your first Bitcoin.
No, you can’t. You’ll have to use dedicated Bitcoin exchanges in order to buy Bitcoins.
Cryptocurrency trading and mining are punishable as they are illegal in the country, the Nepal Rastra Bank (NRB) remarked in а recently published warning titled “Cryptocurrency transactions are illegal.” Cryptocurrency trading and mining and encouraging illegal activities are punishable as per existing laws.
PayPal is one of the most preferable, easiest, and largest online payment processors around the world. PayPal’s entire business model is premised on facilitating safe transactions while offering a gigantic amount of features. But the global service provider Paypal is still not in direct use in Nepal.
Here’s how to invest in Bitcoin, in 5 easy steps:
1. Join a Bitcoin Exchange.
2. Get a Bitcoin Wallet.
3. Connect Your Wallet to a Bank Account.
4. Place Your Bitcoin Order.
5. Manage Your Bitcoin Investments.
You can buy a fraction of a Bitcoin. For instance, you can buy Bitcoin for Rs 100 or Rs 1,000.
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