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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
- Popular Exchanges to Buy Bitcoin in Bahrain
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Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
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eToro- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk.
We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Coinmama Popular Buy Bitcoin Read Review
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
LocalBitcoins Popular Buy Bitcoin Read Review
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Kraken Buy Bitcoin Read Review
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
- Requires ID verification, so not private
BitOasis Popular Buy Bitcoin
BitOasis is a Bitcoin platform serving the Middle East. Customers can buy bitcoin via bank transfer or cash deposit in the United Arab Emirates, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain. UAE clients may also deposit funds via exchange houses.
- One of the best way to buy bitcoins in the countries it services
- Multi-sig security measures
- Low 0.5% flat fee on all orders
- Verification not required for amounts below $500 per week
- Above $500 per week limit, not private since identity verification is required
Bitcoin ATMs Buy Bitcoin
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
Mycelium Local Trader Buy Bitcoin
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
- Easy and cheap way to buy bitcoins with cash
- Private way to buy bitcoins, no personal information required beyond cellphone number
- Users in sparsely populated areas will have trouble finding sellers
How to Buy Bitcoin in Bahrain
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.
First, make sure you have a secure way to store your Bitcoin. Cold storage is the best way to protect your Bitcoin from theft, like the Ledger Nano S. If you leave your Bitcoin on an exchange wallet, you're asking for trouble.
Next, choose one of the exchanges above and make an account. Most of them will require you to verify your identity first, but some let you skip this step for small transactions.
If you want to work with an exchange that focuses on the Middle East, we recommend BitOasis. Based in Dubai, they're one of the best exchanges for residents of the Middle East. Thanks to their low fees and high security, BitOasis makes buying and selling Bitcoin easy.
Lastly, connect your payment method and trade away!
Bitcoin Mining in Bahrain
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.
