It has never been easier to buy Bitcoin in Kuwait. Today, some of the most popular cryptocurrency providers globally operate in this country, giving you easy and cost-effective access to Bitcoin and a variety of other digital assets.
This guide explores the top platforms you can use to buy Bitcoin in Kuwait – based on fees, regulation, user-friendliness, and other features.
We also discuss the benefits of investing in Bitcoin and the different ways you can purchase this cryptocurrency online.
For those who are new to the cryptocurrency space, it is best to use a beginner-friendly platform like eToro. This broker is regulated on multiple fronts and allows you to buy Bitcoin in Kuwait cost-effectively.
Follow these steps to invest in Bitcoin right now via eToro.
As is clear from the above quickfire guide, it is very simple to buy Bitcoin in Kuwait via eToro.
However, before you proceed, we encourage you to read our guide in full to understand the potential advantages and risks of investing in Bitcoin.
Before you buy Bitcoin in Kuwait, you first need to figure out which platform you want to use to make the investment.
With Bitcoin scam sites on the rise, it is imperative that you find a secure provider – one that takes the safety of your assets seriously.
Below, we introduce you to the best providers in Kuwait that give you access to Bitcoin.
eToro is one of the most popular platforms preferred by both beginners and experienced investors to buy Bitcoin in Kuwait. It features a swift account opening process, low fees, and a user-friendly interface. eToro supports over 60 digital currencies and lets you buy and sell at just 1%.
You can start investing in Bitcoin through eToro with as little as $10. This means that you don’t have to spare thousands of Kuwait dinars to purchase this cryptocurrency. Instead, you can buy a fraction of Bitcoin with ease, at an amount that works best for you.
Moreover, you also have multiple payment methods at your disposal – from credit/debit cards and e-wallets to bank and wire transfers.
eToro is an innovative platform that lets you mirror other traders with successful track records. In other words, you can copy the positions opened and closed by other traders, move-by-move, in your portfolio. And if you wish to diversify into other digital currencies, you can do so easily by investing in a crypto Smart Portfolio.
These Smart Portfolios operate like ETFs – but instead of stocks, you will have a basket of cryptocurrencies. eToro’s financial experts handpick the crypto assets and regularly rebalance the portfolio to make it optimal to current market conditions. In this way, you can capitalize on the crypto market passively.
eToro also provides a free digital wallet to store your Bitcoin and other cryptocurrencies. This is a custodial wallet and as such, you don’t have to concern yourself with any private keys. Moreover, this way, it is easier for you to track the value of your investment or even sell your Bitcoin – directly from your eToro account.
Perhaps most importantly, eToro is also our top pick due to the high level of regulation it offers. The broker is regulated by multiple financial bodies – namely the SEC (US), FCA (UK), CySEC (Cyprus), and ASIC (Australia). The platform also comes with a wide offering of educational resources and a free demo account that you can use to learn the ropes of crypto trading.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Crypto.com is one of the best places to buy Bitcoin in Kuwait – especially if you want to do more than just hold your BTC tokens in a wallet. It allows you to not only purchase cryptocurrencies at low fees but also to earn a passive income on your digital assets. For Bitcoin, Crypto.com offers an APY of up to 6%.
Crypto.com also supports interest-earning accounts for over 30 other cryptocurrencies – including stablecoins. You also have the option to lock in your assets or set up a flexible account, so that you can access your Bitcoin any time you want.
Should you prefer to hold your tokens in a non-custodial storage facility, the Crypto.com DeFi wallet will likely be of interest to you.
In order to buy Bitcoin in Kuwait via this platform, you will have to download the Crypto.com app. As such, this provider works out best for those who wish to purchase or trade Bitcoin on the go. The platform also features a web-based crypto exchange that supports margin trading.
In terms of payment methods, Crypto.com accepts Visa and Mastercard to facilitate instant purchases. This stands at a fee of 2.99%. However, if you wish to reduce this fee, you can also choose to exchange another cryptocurrency for Bitcoin – for just 0.40%.
It is also possible to bring down the trading commission by holding CRO tokens in your Crypto.com wallet. CRO is the native digital token of the Crypto.com ecosystem. You can also use this token to boost your APY from your crypto-earning accounts.
Another beneficial product offered by Crypto.com is its Visa card. This allows you to spend your Bitcoin anywhere that Visa cards are accepted. You will also be able to receive cashback rewards whenever you spend crypto online or offline.
Cryptoassets are a highly volatile unregulated investment product.
Next up, we have Coinbase – a US-based cryptocurrency exchange that operates globally. Coinbase has a diverse portfolio of crypto-related products such as Visa cards, savings accounts, and more. You can even access a non-custodial digital wallet to hold your BTC coins for the long term while controlling your private keys.
The platform features several beginner-friendly methods to buy Bitcoin in Kuwait. You can either choose to connect your bank account, or instantly purchase Bitcoin with a credit or debit card. However, the latter will incur 3.99% in fees.
If you would rather swap another cryptocurrency for Bitcoin, you can do so via Coinbase’s exchange. However, once again, at a 1.49% commission – the trading fee here is high. As you can imagine, you will be able to use less-expensive platforms such as eToro or Crypto.com for the same level of convenience.
With that being said, Coinbase offers access to a wide selection of cryptocurrencies. You can use this platform to buy over 150 digital assets – and as such, Coinbase might appeal to those who want to build a well-diversified crypto portfolio. Moreover, advanced traders might also like to explore Coinbase Pro – which has in-built technical indicators and more trading options.
Cryptoassets are a highly volatile unregulated investment product.
Binance is one of the leading cryptocurrency platforms globally – with the exchange operating in over 100 countries including Kuwait. This provider is perhaps best for those who seek high liquidity alongside low fees. This is because Binance offers one of the lowest commissions for crypto trading.
The platform follows a maker-taker fee structure, and the most you will pay to trade Bitcoin is 0.10%. Moreover, you can buy BNB tokens and hold them in your Binance wallet to further reduce your fees. If you wish to buy Bitcoin with the Kuwait dinar, Binance accepts credit/debit card payments. This averages a cost of 2%.
Binance also features a P2P marketplace that you can use to buy Bitcoin from other sellers on the platform. It is also possible to link your bank account to Binance and fund your Bitcoin purchases directly. Since this provider has an in-built secure digital wallet, you will not have to worry about the safety of the cryptocurrencies that you hold in your Binance portfolio.
Binance is highly preferred by investors and traders for its wide offering of cryptocurrencies. After all, it features one of the most extensive libraries for digital assets – with over 600 tokens available to trade. Binance also has several other products, including savings accounts, staking, crypto loans, and more.
Cryptoassets are a highly volatile unregulated investment product.
Paxful is a P2P cryptocurrency platform that connects buyers to sellers. In other words, instead of buying Bitcoin in Kuwait directly from a broker or a provider, you will be purchasing BTC coins from other users.
To ensure transparency and security, Paxful makes sure that the funds from the seller are held in escrow – until the transaction is completed. The standout feature of this provider is that it integrates with over 350 payment methods.
The list ranges from some of the most common modes of payment, such as bank transfers and credit/debit cards to an extensive selection of e-wallets. Paxful even accepts gift cards and settlements through the likes of Moneygram and Amazon Cash.
However, as you can imagine, your choice of the payment method will ultimately come down to the seller that you buy Bitcoin from. To choose the right seller, Paxful categorizes the vendors on its platform based on reviews from other buyers.
You can filter vendors based on location, type of payment, and the amount you wish to invest. Nevertheless, if you choose Paxful to buy Bitcoin in Kuwait, we urge you to choose only a verified vendor. If in doubt, it is always best to go for a regulated broker like eToro.
The final provider to consider when learning how to buy Bitcoin in Kuwait is Rain – a trusted crypto exchange based in the Middle East. Headquartered in Bahrain, Rain enables you to purchase, sell, and store bitcoin and other cryptocurrencies, in a regulated and secure manner.
The platform is licensed by the Central Bank of Bahrain as a Category 3 Crypto-Asset Services Provider. Rain gives you access to over 50 cryptocurrencies, which include stablecoins, DeFi tokens, and more.
You will be able to purchase digital assets with a credit/debit card or connect your bank account to fund your investments. More importantly, the platform levies 0% trading fees, whether you buy Bitcoin with the Kuwait dinar or another cryptocurrency.
However, when performing any Bitcoin transactions, you will have to account for the dynamic blockchain fee. Like eToro, Rain also comes with an in-built wallet that allows you to store Bitcoin. And you will also be able to download the Rain app to your mobile phone to buy Bitcoin in Kuwait on the go.
BitOasis is a UAE-based crypto exchange that offers a reward just for signing up. New users at this exchange can get 150 AED – about $40, or 12.5 Kuwaiti dinar – when you join. Plus, you can earn an additional 500 AED bonus ($136 or 41 Kuwaiti dinar) when you refer a friend to the exchange.
BitOasis offers trading on more than 40 cryptocurrencies through both an instant buy platform and a spot trading interface. The exchange also has an over-the-counter (OTC) module where you can trade Bitcoin directly with other traders in the Middle East.
This exchange is straightforward to use and offers handy apps for iOS and Android so you can trade on the go. Spot trading fees, which start from 0.48%, are competitive with major exchanges. However, BitOasis charges a 3.99% fee when you buy Bitcoin with a credit card and there are withdrawal fees if you want to move your Bitcoin to a third-party wallet.
Being the de-facto token in the crypto space, Bitcoin has positioned itself as perhaps the most attractive digital currency of today. The value of this cryptocurrency has grown tremendously over the years, allowing early adopters to profit significantly.
All that being said, before setting out to buy Bitcoin in Kuwait, you should make sure that you fully comprehend what you are investing in, and the risks associated with this digital asset.
Whether or not you should buy Bitcoin depends on a few factors – such as the long-term outlook for your portfolio, financial situation, and appetite for risk.
Regardless of which strategy you choose, bear in mind that Bitcoin is highly volatile and as such, risky. Therefore, think about how much risk you can comfortably take before investing your hard-earned money in Bitcoin.
If you are still unsure if buying Bitcoin is right for you, the following points might help you make up your mind.
Launched in 2009, Bitcoin is the world’s first cryptocurrency. As the first mover in this market, Bitcoin has already built a growing set of infrastructure and services supporting it.
It is the most developed and longest-operating cryptocurrency, and also the most widely recognized globally.
One of the beneficial traits of this digital asset is that there will ever only be 21 million BTC coins in circulation.
This limited supply means that when the demand for Bitcoin rises in the future, this can lead to a sense of scarcity. Consequently, the price of Bitcoin could continue rising.
Over the past number of years, Bitcoin has witnessed a growing acceptance around the globe. In 2014, Overstock became one of the first big e-commerce platforms to facilitate direct Bitcoin payments. Several online merchants have followed suit since then.
Today, you can use Bitcoin to make travel bookings, international payments, purchase luxury products, and plenty more.
Furthermore, many platforms such as Crypto.com have also started offering Visa cards that allow you to spend Bitcoin by converting it into fiat currency in real-time.
As the oldest and most popular cryptocurrency, Bitcoin has a broad investor basis.
This makes Bitcoin one of the most accessible digital tokens globally.
Clearly, you will not be short of options when it comes to selling Bitcoin or generating a passive income from this cryptocurrency.
Although volatile, Bitcoin has managed to provide its investors with above-average market returns.
For instance, if you consider the S&P 500 – which tracks the top stocks in the US market – you will notice that the index grew by around 70% over the last five years.
The FTSE 100 in the UK market saw a growth of just 0.50% during the same period.
In comparison, Bitcoin has increased in value by nearly 900% over the same timeframe. This evidently outperforms the growth demonstrated by any traditional stock market index.
Finally, as a cryptocurrency, Bitcoin is decentralized. It is not tied to any particular organization or susceptible to the whims of world governments. Put otherwise, you might choose to invest in Bitcoin in Kuwait if you seek extra privacy with your finances.
Moreover, due to its decentralized nature and limited supply, Bitcoin is also used by investors as a means to hedge against inflation.
When thinking of how to buy Bitcoin in Kuwait, you should also consider what payment methods are accessible to you.
While most platforms allow you to make Bitcoin investments by connecting your bank account, there are also more convenient choices – as we explain below:
PayPal is a global payment giant that has recently started facilitating cryptocurrency purchases. You can now buy Bitcoin and other cryptocurrencies, directly from your PayPal account.
However, buying Bitcoin in this manner comes with high fees. Moreover, PayPal does not allow you to withdraw your Bitcxoimn tokens to a private wallet.
The good news is that you can buy Bitcoin with PayPal at a regulated online exchange. For instance, eToro allows you to fund your account via e-wallets and buy Bitcoin with PayPal.
This deposit method is fee-free (except for any exchange rates), and lets you buy Bitcoin instantly. This way, you can combine the convenience of PayPal with the security provided by a regulated broker.
There is no arguing that credit and debit cards are easily the most popular way to carry out online purchases.
And as such, an increasing number of brokers and cryptocurrency exchanges also support this payment method. However, the challenge will be to find a platform that charges a low fee for credit/debit card transactions.
For instance, while Coinbase is beginner-friendly, it charges you nearly 4%. In comparison, eToro charges just 0.5% when you use a credit/debit card registered in Kuwait.
This exchange fee is charged to convert Kuwait dinar into US dollars – which comes to just 0.5%.
It is no news that cryptocurrencies like Bitcoin are known for their volatility. After humble beginnings in 2009, the digital coin crossed $1,000 in 2017. Since then, Bitcoin has hit all-time highs of around $69,000 – which it achieved in November 2021.
For those who invested in Bitcoin at the beginning of 2017, this translates to gains of 6,800%. However, Federal Reserve interest rate hikes and a tightening global economy have had implications on the wider market sentiment.
Throughout 2022, cryptocurrencies, in general, have witnessed tumultuous lows.
Bitcoin hit lows of around $26,000 in May 2022 – which is around 60% less than its all-time high back in 2021.
It is still unclear whether the price of Bitcoin will fall any further. For investors who believe that Bitcoin has a bright future ahead, this might be a great time to buy BTC in Kuwait at a relatively low entry price.
If there is one thing that you can be sure of about Bitcoin, it is that this cryptocurrency is unpredictable.
It has gone through wild pricing swings since it was launched and continues to see its value change from one second to another like any other tradable asset.
While there are many commentators that assert that Bitcoin is yet to achieve its full potential, there are others who argue that this cryptocurrency might not recover from its current slump.
The takeaway is that you cannot always rely on the past performance of Bitcoin to predict its future. Moreover, you should also avoid investing in this cryptocurrency based on price predictions.
Rather, it is best to do your own market research to arrive at a decision on when to buy Bitcoin.
There is always a certain level of risk associated with investing in Bitcoin. However, you can limit your risk exposure by being careful and employing sufficient safety measures.
Before you decide to buy Bitcoin in Kuwait – take some time to make sure that you have considered the following.
Answering these questions can give you an idea of how much risk you are taking when buying Bitcoin.
It is always best to have a clear idea of what your profit target is and how you plan to execute your investment strategy.
If you are still confused about where to buy Bitcoin in Kuwait, we would steer you in the direction of eToro.
Below, you can find a step-by-step breakdown of how to invest in Bitcoin instantly via this broker.
The first step to take is to visit eToro and create a user account.
To do that, you will be asked to provide your email address, before assigning a username and password that you want to use. You can then click on the ‘Create Account’ button to proceed.
eToro will then ask you to confirm your email address. In the next step, you will also have to provide some personal information – such as your full name, and contact details.
After you have created your account, you will need to gather your proof of identity (POI) and proof of address (POA) to complete the KYC process on eToro.
You can take a photo of these documents or scan them using the eToro app.
The POI document can be your password, national ID card, or driver’s license. For POA, eToro accepts bank/credit card statements, tax letters, and utility bills containing your address that are no older than three months.
The verification process is quick, as long as you submit the required documents clearly.
Once eToro has verified your identity, you can proceed to make a deposit into your account. When choosing a payment method, you will have the option to connect your bank account, or transfer funds via your debit or credit card.
eToro has also partnered with e-wallets such as PayPal and Skrill to let you buy Bitcoin instantly in Kuwait.
As we noted earlier, Kuwait residents need to make a minimum first-time deposit of $1,000 (approximately 300KD). For any subsequent deposits, you only have to meet the minimum requirement of $50 (around 15KD).
The deposit fee amounts to an exchange rate of 0.5% to convert your Kuwait dinars to US dollars.
To find the BTC investment page, go to the search bar towards the top of the screen and type in ‘Bitcoin’.
When you see Bitcoin appear, tap on ‘Trade’.
In the order box, you can type in the amount you wish to invest in Bitcoin. The minimum trade size required is only $10 (around 3KD).
To buy Bitcoin right away – click on the ‘Open Trade’ button.
After completing your purchase, Bitcoin will be added to your eToro portfolio. As we discussed above, you should have a clear investment strategy at this point.
eToro will add the proceeds to your account balance when the transaction is completed.
On the other hand, if you move your Bitcoin to another wallet, you will have to go through an additional step of transferring your tokens back to eToro. This can be time-consuming and will also cost you some network fees.
Bitcoin might be the first choice for many investors looking to dabble in cryptocurrency. As our guide covered, if you are looking to buy Bitcoin in Kuwait, there are plenty of platforms available.
However, it is important to pick the right platform for the job – one that appeals to your requirements and offers you secure access to cryptocurrencies.
If you want to buy Bitcoin in Kuwait safely and cost-effectively – eToro should be your go-to platform. It lets you create an account and invest in Bitcoin in under 10 minutes. Best of all, fees at eToro are super low and the platform accepts debit/credit cards.
Cryptoassets are a highly volatile unregulated investment product.
Yes, you can buy Bitcoin in Kuwait via a regulated broker like eToro or Crypto.com.
To buy Bitcoin in Kuwait, you need to create an account with a cryptocurrency platform. You can then fund your account and purchase Bitcoin in a matter of minutes.
eToro offers one of the most secure Bitcoin wallets in Kuwait. However, if you prefer non-custodial storage, you can also check out Crypto.com’s DeFi wallet.
Bitcoin is a popular cryptocurrency that has historically generated high returns for its investors. While this asset has many benefits, Bitcoin is also highly volatile and risky. Therefore, you should consider your financial standing and investment strategy before deciding on whether or not Bitcoin is a good choice for your portfolio.
Yes, Binance now lets you buy Bitcoin in Kuwait.
The minimum investment required to buy Bitcoin in Kuwait will vary from one exchange or broker to another. On eToro, you only need $10 (around 3KD) to buy Bitcoin.
The best place to buy cryptocurrency in Kuwait is the regulated broker eToro. This platform gives you access to over 60 cryptocurrencies and offers support for multiple payment methods.
This article was written for Business 2 Community by Kane Pepi.
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Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain. Expert niche subjects include asset valuation and analysis, portfolio management, and the prevention of financial crime. Kane is particularly skilled in explaining complex financial topics in a user-friendly… View full profile ›
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