We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
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.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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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%.
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The Jordanian government has taken a harsh stance on Bitcoin and other cryptocurrencies, at one point banning them entirely. However, an appeal beat the Bitcoin ban and warnings in Jordan.
Still, the government does not consider Bitcoin legal tender, warns its citizens against investing in an "unstable virtual asset," and has restricted banks from dealing with Bitcoin.
But citizens for Jordan are free to buy and sell Bitcoin from exchanges that support their country, provided they're not using the Bitcoin for any illicit purposes.
If you want to buy Bitcoin and cryptocurrency in Jordan, one of the easiest ways is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Jordan, 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.
COMPARISON
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Jordan has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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There are three main types of Bitcoin wallet and all of them are supported in Jordan:
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 Jordan or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Jordan.
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Powering loads of energy-hungry Bitcoin mining hardware can get expensive, which is why mining in a country with cheap electricity is essential. Otherwise, you'll end up spending more on power than you profit with mined Bitcoin.
Most mining operations are in countries with low electricity costs, below $0.05 per kWh on average. For comparison, the United States' average electricity cost is around $0.12 per kWh, and Jordan's is around $0.16 per kWh. That's more than three times the maximum ideal price of electricity for a profitable Bitcoin mining operation.
Even with the best mining hardware (high hash rate, lower power consumption) mining in Jordan isn't profitable. You'd probably lose several thousand dollars per year, per miner, not including startup costs (which start at several thousand dollars).
On top of that, you have to wait before you mine a single Bitcoin. Mining profitability is not what it used to be, and some mining operations are struggling to keep the lights on. Instead of losing a lot of time and money, it's best (for most people) to buy Bitcoin directly from an exchange.
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Citizens of Jordan can convert cryptocurrencies with fiat.
Unfortunately, at this time, there are no Bitcoin ATMs in Jordan.
The current price of Bitcoin in Jordan is JOD24,524.06, however this amount changes every minute, so always check the value on your local exchange.
Any exchange with a Jordanian dinar trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has JOD trading pairs for many popular coins.
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.
