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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.
Rain is a crypto exchange focused on serving UAE, Saudi Arabia, Bahrain, Oman and Kuwait. They offer 24/7 support and meet all CCSS requirements as a crypto custodian and is licensed by the Central Bank of Bahrain as a Crypto Asset Brokerage.
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.
BitOasis is a Bitcoin platform serving the Middle East. Customers can buy bitcoin via bank transfer or cash deposit in the United Arab Emirates, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain. UAE clients may also deposit funds via exchange houses.
BitFils is a Bitcoin broker in Kuwait. You can buy bitcoin online quickly, using a debit card.
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 in Kuwait is in a tricky situation. The Kuwaiti government banned financial institutions from trading Bitcoin during its run in late 2017 due to high volatility, and Bitcoin is not legal tender in the country.
However, Bitcoin is legal for residents of the country as a whole. Citizens are allowed to buy and sell cryptocurrency without restrictions from supported exchanges like BitOasis.
BitOasis is a cryptocurrency exchange that focuses on serving the Middle East. Based in Dubai, it's one of the best exchanges for residents of the Middle East thanks to its low fees and security.
Still, you shouldn't trust an exchange with your Bitcoin. Not because they'll steal it, but because centralized exchanges are vulnerable to theft from hackers.
The best way to store and protect your investment is with a hardware wallet like the Ledger Nano S or the Trezor. Storing your Bitcoin on a form of cold storage will prevent hackers from stealing your private key.
Once you have your wallet situation figured out, buying Bitcoin in Kuwait is simple. Select one of the exchanges above, and verify your identity if necessary. Connect your fiat payment method and trade away.
Unlike most other countries, Bitcoin mining in Kuwait can be profitable with the newest Bitcoin mining hardware.
Kuwait enjoys some of the lowest electricity prices in the world, sitting at just 0.008 Kuwaiti Dinars per kWh ($0.026), which is lower than in most countries worldwide.
Considering electricity prices are one of the leading factors in determining Bitcoin mining profitability, mining operations need to make use of cheap electricity to remain profitable.
If you want to mine Bitcoin in Kuwait with one of Bitmain's newest pieces of mining hardware like the Antminer S19, you'll earn an average of $3,467 per year, per miner.
The S19 has an excellent hash rate to power consumption ratio, hashing at 95 TH/s, and drawing 3250 watts from the wall.
To calculate your mining profitability, check out our profitability calculator tool.
However, Bitcoin mining is best suited for tech-savvy individuals only. It requires a significant upfront investment of time, money, and energy.
For those that wish to acquire Bitcoin as soon as possible, buying it directly from an exchange is your best bet.
Still, if you were to mine Bitcoin anywhere in the world, it's hard to beat Kuwait's electricity prices. They're even lower than China's, which is home to some of the largest Bitcoin mining farms in the world.