We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
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.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Rain is a crypto exchange focused on serving UAE, Saudi Arabia, Bahrain, Oman and Kuwait. They offer 24/7 support and meet all CCSS requirements as a crypto custodian and is licensed by the Central Bank of Bahrain as a Crypto Asset Brokerage.
This is an ad. We may receive compensation when you use Rain. Please visit Rain for its exact pricing terms.
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.
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.
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.
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%.
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!
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.