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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 Jordan
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Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
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eToro- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk.
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.
Coinmama Popular Buy Bitcoin Read Review
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.
We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
eToro Popular Buy Bitcoin Read Review
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.
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.
We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.
- Offers unique copy trading feature
- Trusted echange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
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 Popular 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
Mycelium Local Trader Buy Bitcoin
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.
- Easy and cheap way to buy bitcoins with cash
- Private way to buy bitcoins, no personal information required beyond cellphone number
- Users in sparsely populated areas will have trouble finding sellers
How to Buy Bitcoin in Jordan
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.
Popular exchanges like Coinmama and eToro are available in Jordan, both of which require identity verification prior to purchase.
For those with privacy concerns, LocalBitcoins is probably your best bet, as Jordan doesn't have any Bitcoin ATMs within its borders thanks to their harsh policies.
Bitcoin ATMs are typically the most private way to buy Bitcoin, but LocalBitcoins is a good substitute. LocalBitcoins matches buyers and sellers on the Bitcoin network so they can trade with each other using Escrow, instead of buying from a centralized exchange, which is essentially a huge Bitcoin broker.
If you decide to use LocalBitcoins, make sure to follow their policies and be careful, as the platform is known to have some scammers. As long as you follow LocalBitcoins' procedures, you'll be okay.
It's also essential to store your Bitcoin in a hardware wallet like the Ledger Nano X, safe from theft, and cybercriminals. Storing your Bitcoin in an exchange wallet is a bad idea, as centralized exchanges are vulnerable to attack.
Bitcoin Mining in Jordan
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.
