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Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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.
This is an ad. We may receive compensation when you use Rain. Please visit Rain for its exact pricing terms.
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.
Cryptoassets are highly volatile. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
BitOasis is a digital currency platform serving the MENA region. Customers can buy bitcoin via wire transfer or credit/debit card in the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Egypt, Morocco, Jordan and Bahrain. UAE clients may also deposit funds via exchange houses.
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.
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.
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%.
BitFils is a Bitcoin broker in Kuwait. You can buy bitcoin online quickly, using a debit card.
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.
In May of 2021, the Central Bank of Kuwait (CBK) issued a statement warning the public about the volatility in cryptocurrency markets, reminding them that cryptos are not considered "real currency" that is regulated by state authorities, such as banks or monetary institutions."
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!
There are three main types of Bitcoin wallet and all of them are supported in Kuwait:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.
Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Kuwait that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.
Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.
About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.
Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Kuwait that allow you to buy litecoin and other crypto assets for good exchange rates.
As of September of 2020, we could find no exchange hacks or significant scams affecting Kuwait or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Kuwait.
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 $593 per year, per miner.
The S19 has an excellent hash rate to power consumption ratio, hashing at 95 TH/s, and drawing 3,250 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.
Coinbase ONLY allows crypto-to-crypto conversions for Kuwaiti residents as of September of 2020.
There are currently no Bitcoin ATMs in Kuwait.
You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.What is the price of Bitcoin in Kuwait?
Bitcoin prices are changing every second.
The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.
Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has EUR 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.