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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.
- Popular Exchanges to Buy Bitcoin & Crypto in Haiti
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Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
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
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 Haiti
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.
Bitcoin Mining in Haiti
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.
