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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.
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 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.
eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.
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.
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.
SatoshiTango is a South American Bitcoin exchange. Users in Brazil, Colombia, Chile, Peru, Uruguay, Argentina, Costa Rica, Ecuador, El Salvador, Honduras, Panama and Nicaragua can use SatoshiTango to buy bitcoin.
Payment methods include bank transfer, bank wire, cash deposit in Buenos Aires or through a coupons from PagoFacil, RapiPago, BaproPagos, CobroExpress or ProvinciaPagos.
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%.
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.
Costa Rica does not consider Bitcoin legal tender like most nations, but it's legal for Costa Rican citizens to buy and sell the digital currency.
However, both of those exchanges (and many others) require identity verification before purchase, which ruins the privacy aspect of Bitcoin, one of its founding principles.
Luckily, Costa Rica has two Bitcoin ATMs, which are typically the most private way to buy Bitcoin. They don't require any identity verification, and they're easy to use.
LocalBitcoins is another popular, private way to buy Bitcoin. The platform matches you with other buyers and sellers – both in Costa Rica and abroad – facilitating peer to peer transactions on the blockchain without identity verification.
You should protect your investment, regardless of your exchange of choice. Centralized exchanges are subject to hackers and thieves stealing your Bitcoin, which is why you shouldn't leave your coins in an exchange wallet.
Instead, buying a hardware wallet like the Ledger Nano X is the best way to protect your investment. Cold storage is the only way to guard your private key, ensuring the safety of your Bitcoin.
Being one of the leading factors in Bitcoin mining profitability, it's important to keep electricity costs as low as possible.
Central America has modest electricity prices, on average totaling $0.13 per kWh. For comparison, the United States' average electricity price is $0.12.
However, Costa Rica's average electricity cost is well above the average, coming in at $0.18 per kWh. The ordinary mining operation pays less than $0.05 per kWh to remain profitable, a price only found in some regions of the world.
Costa Rica's electricity cost isn't high compared to other nations around the world, especially in Europe and the Caribbean. But, it's still far too high for profitable Bitcoin mining.
In fact, according to our Bitcoin mining profitability calculator, you'd probably lose several thousand dollars per year, per miner, on top of your initial investment (a few thousand dollars minimum).
If you want to acquire Bitcoin, buying it directly from an exchange, Bitcoin ATM or another peer on the network via LocalBitcoins is the best and fastest way. Mining is hard, usually not profitable, and time-consuming.