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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.
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
LocalBitcoins 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
Best Change Buy Bitcoin
Best Change makes it possible to buy bitcoins with WebMoney, PayPal, Skrill, BTC-e codes, cash, Perfect Money, and more.
- Lists many places to buy bitcoins in Russia and nearby countries
- Does not actually sell bitcoins
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
How to Buy Bitcoin in Belarus
Despite only having a handful of exchanges available to the country, buying Bitcoin in Belarus is easy thanks to the government's Bitcoin-friendly policy.
In fact, Belarus launched a platform that allows people to buy shares, gold, and other assets using cryptocurrencies.
First thing's first:
You need to start with a hardware wallet to store your Bitcoin safely. The last thing you want to do is leave your investment on a centralized exchange where it's subject to theft.
Go with a trusted wallet like the Ledger Nano S or the Trezor to be safe.
Next, choose a Bitcoin exchange in Belarus that fits your liquidity, privacy, fees, and payment method criteria.
Most exchanges like Coinmama will require you to verify your identity before transacting on their platform.
Lastly, connect your payment method and begin trading. It's that simple!
Bitcoin Mining in Belarus
Although most people are better off buying Bitcoin directly from an exchange, more tech-savvy people may choose to mine instead.
Bitcoin mining requires an upfront investment of time, energy, and money, which may (or may not) pay off in the long run.
One of the leading factors that determine Bitcoin mining profitability is the cost of electricity in your area, and the hash rate of your mining hardware. If the value of your mined Bitcoin is more significant than your electricity cost, you're profitable.
That's why mining with cheap electricity is crucial for any mining operation. Considering Belarus' electricity price of 0.175 Belarussian Rubies per kWh ($0.07), using proper mining hardware could yield a profit.
According to our mining profitability calculator, the Antminer S19 will yield a profit of approximately $2,000 per year, per miner.
That's roughly the price of a single miner, meaning it would take a year to pay off your initial investment.
Further still, you'll have to cross your fingers and hope the S19 is still profitable one year from now, which may not be the case. Bitcoin's block difficulty is always increasing, which means miners need to upgrade their mining hardware to keep pace.
In conclusion, you're probably better off mining in a country with cheaper electricity than Belarus, like Kuwait, where electricity is roughly $0.02 per kWh. If you want to acquire Bitcoin now, buy it from an exchange or another peer on the network.
