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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.
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.
Bitcoin is legal in Haiti, and its citizens are free to buy, sell, and own Bitcoin.
There aren't a ton of exchanges that support Haitian investors, but there are several excellent options for Haitians nonetheless.
Coinmama is one of the best exchanges in Haiti, and works in almost all countries. Other mainstream exchanges (Coinmama included) require identity verification before trading.
LocalBitcoins is a better idea for Haitians that don't want to reveal their identity. LocalBitcoins matches buyers and sellers on the blockchain, both in Haiti and around the world, facilitating private Bitcoin payments.
Make sure you follow LocalBitcoin's rules, so you don't run into any thieves. On that note, the importance of protecting your investment cannot be overstated. Centralized exchanges know hackers and thieves all too well - storing your Bitcoins on a cold storage hardware wallet like the Ledger Nano X is the best way to protect them.
The value of the Bitcoin awarded for mining, minus the cost of electricity to mine, equals your profitability margin. Unfortunately, most miners end up on the losing end of the equation with negative margins.
Mining with hardware that's not just powerful but efficient as well is one of the best ways to maximize profitability. The idea is maximizing hash rate while minimizing power consumption.
But even more important is the price of electricity.
Mining in a country with cheap electricity is vital for the health and profitability of a mining operation, especially with Bitcoin's block difficulty on the rise.
You can use the most efficient miner in the world, but if you're paying $1.00 per kWh, you'll never turn a profit.
Haiti is an island nation in the Caribbean, a region known for its high electricity prices. Most countries in the Caribbean rely on importing oil for their electricity, Haiti included. As a consequence, electricity prices in Haiti are high, coming in at approximately $0.33 per kWh.
Considering most Bitcoin mining operations are located in countries with cheap electricity - $0.06 per kWh or less - mining in Haiti is not an option. At least, if you want any hope of mining profitably.
Even with the best mining hardware on the market today, you'd lose close to $10,000 per year mining Bitcoin in Haiti. After buying the expensive mining hardware and paying for electricity - not to mention other fees you'll encounter along the way - Bitcoin mining isn't profitable.
If you want to acquire Bitcoin as quickly and efficiently as possible, buying it directly from an exchange is your best bet.