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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.
Paybis Buy Now Paybis is a popular & cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.
Kraken Buy Now 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. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins.
LocalBitcoins Buy Now 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.
Bitcoin ATMs Buy Now 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%.
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.
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.
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Haiti has a predominantly agricultural and a free-market economy, based mostly on trade with the United States. In recent years, Haiti has developed a vibrant export sector, producing Android-based tablets and current sensors and transformers. Two of the notable disadvanteges in Haiti are its vulnerability to natural disasters and poor education system.
The status of Bitcoin in Haiti is still controversial. It is largely unclear what stance the Central Bank of Haiti has on Bitcoin, though it did declare at the Haiti Tech Summit that it will be lauching its own digital currency.
If you still want to Buy some Bitcoin or other crypto in haiti, one of the easiest ways to do so is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Haiti, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.
Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.
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LocalBitcoins is another option for Haitians who want to pay with cash. LocalBitcoins matches buyers and sellers on its website, both in Haiti and around the world, facilitating peer-to-peer Bitcoin payments.
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Haiti has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
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There are three main types of Bitcoin wallet and all of them are supported in Haiti:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.
Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
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As of January of 2021, we could find no exchange hacks or significant scams affecting Haiti or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Haiti.
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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.
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Coinbase does NOT support customers in Haiti as of September of 2020.
At this time, there are no Bitcoin ATMs in Haiti.
The current price of Bitcoin in Haiti is HTG2,661,993.99, however this amount changes every minute, so always check the value on your local exchange.
Any exchange with a Haitian gourde trading pair will allow you to sell your Bitcoin for fiat currency. Coinmama has HTG trading pairs for many popular coins.
As of January of 2021, there are unfortunately no Bitcoin ATMs in Haiti.
LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
You could also use a service like eGifter to sell your Bitcoin for gift cards.
Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.
He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.
To learn more about Jordan, see his full bio.
