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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.
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.
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.
BitcoinCambodia.co is a broker that uses LocalBitcoins. They make buying and selling bitcoins in Cambodia easy and secure. You can pay with cash in Phnom Penh, or online via MoneyGram, PayGo Wallet, WING Cash Xpress, or ABA Bank Transfer.
Bitcoin Cambodia was the first Bitcoin exchange established in Cambodia. You can create an account and buy in person with USD, via WING Cash Xpress.
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%.
Cambodia has adopted strict cryptocurrency regulations, restricting any of its citizens or businesses from trading Bitcoin and other tokens without first obtaining a license.
The National Bank of Cambodia (NBC), along with a few other Cambodian branches of government, announced the regulation back in 2018. Under the law, anyone trading cryptocurrencies without a proper license will be "penalized following applicable laws."
Citizens of Cambodia can also use LocalBitcoins to facilitate exchanges with others on the network, both in Cambodia and abroad. LocalBitcoins is more private than other exchanges because it doesn't require you to infringe on your privacy. Be careful with LocalBitcoins, though, and follow their rules to make sure you're not scammed.
Before you buy Bitcoin from any of the above exchanges, make sure you have a secure hardware wallet to protect your coins, like the Ledger Nano S or the Trezor. Otherwise, your investment is vulnerable to theft.
From there, you can sign up with any of the exchanges above (provided you have the appropriate license) and buy Bitcoin.
Most people opt to buy Bitcoin directly from an exchange or another peer on the network (and rightly so), although more tech-savvy individuals may opt to mine their Bitcoin instead.
Mining is performed by a tiny fraction of those on the network. It takes place mostly in countries like China, where electricity is cheap. The majority of Bitcoin's hash rate originates in China, where extensive mining farms operate at scale.
However, anyone can mine Bitcoin, including Cambodian citizens. Whether or not it's a good idea to mine Bitcoin, is another story.
One of the largest factors used to determine Bitcoin mining profitability is electricity cost. If you mine more Bitcoin than you pay in electricity, you're profitable. That's why keeping electricity costs as low as possible is crucial for mining profitability.
Citizens of Cambodia pay roughly 610 Cambodian Riels ($0.151) per kWh, which is a bit higher than the United States average electricity cost.
According to our profitability calculator, you'd lose several thousand US dollars per year, even with the best Bitcoin mining hardware. For those who want to acquire Bitcoin quickly and easily, buying it from an exchange that is available in Cambodia is your best bet.