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Bahrain is one of the most crypto-friendly countries in the Middle East. They've approved more than 30 companies for their regulatory sandbox, many of which have become cryptocurrency exchanges or Bitcoin ATMs.

Thanks to the Central Bank of Bahrain's (CBB) crypto-friendly attitude, buying and selling Bitcoin in Bahrain is easy.

One of the easiest ways to purchase BItcoin in Bahrain is using one of the exchanges listed above. As of September of 2021, there are unfortunately no Bitcoin ATMs in Bahrain.

Manama - the capital of Bahrain

There are several exchanges offering Bitcoin in Bahrain, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

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Bahrain has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

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There are three main types of Bitcoin wallet and all of them are supported in Bahrain:

• Software (desktop or mobile - iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Bahrain that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

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Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

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Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Bahrain that allow you to buy litecoin and other crypto assets for good exchange rates.

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bahrain.bitcoin - fraudulent crypto exchange in Bahrain

In January of 2020, the Central Bank of Bahrain issued a warning to its citizens anunlicensed excahnge called 'bahrain.bitcoin'> The warning included screenshots of its instagram account claiming to be a licensed trading platform in Bahrain.

The CBB advised citizens to check the authenticity of financial institutions on its website before investing any sum of money.

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For most people, buying Bitcoin directly from an exchange or a peer is the best and fastest way to acquire Bitcoin.

Mining requires a large upfront investment of time, money, and energy (no pun intended). Unfortauntely, given the current price of Bitcoin and block difficulty, mining isn't profitable.

Electricity is one of the leading factors of Bitcoin mining profitability, or any other cryptocurrency for that matter.

If the value of the tokens you're mining is greater than the cost of electricity, your mining operation will be profitable.

Unfortunately, the mining gold rush has ended, and profitably mining isn't feasible anymore for the average Joe.

Bahrain has electricity prices compared to the likes of China and India. It is less than half that of the United States.

So, if you are going to start mining, it wouldn't be a terrible idea to do it in Bahrain, thanks to their low energy costs.

But even with cheap electricity and the best mining hardware you'll have a tough time earning money.

Mining Bitcoin will require a significant upfront cost, and you most likely won't see a return on your investment. You'll spend more money on power than you'll earn in Bitcoin. Check out our Bitcoin mining calculator if you want to determine your expected margins.

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Does Coinbase work in Bahrain?

Citizens of Bahrain can use Coinbase to convert cryptocurrencies with other cryptocurrencies.

Where Can I Find a Bitcoin ATM in Bahrain?

Unfortunately, at this time, there are no Bitcoin ATMs in Bahrain.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Bahrain?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Bahrain?

Any exchange with a Bahraini dinar trading pair will allow you to sell your Bitcoin for fiat currency. Rain has BHD trading pairs for many popular coins.

As of January of 2021, there are unfortunately no Bitcoin ATMs in Bahrain.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.