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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.
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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.
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.
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.
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.
Laos has issued several warnings to its citizens about using cryptocurrencies. Laos has also banned all banks and financial institutions from involving themselves in the world of cryptocurrency.
Laos doesn't have any Bitcoin ATMs, either, which are the most private way to buy Bitcoin. Mainstream exchanges require identity verification before purchase. If this breach of privacy is a problem for you, LocalBitcoins is another good option.
LocalBitcoins facilitates payments between peers on the network without requiring identity verification. You may trade with someone else in Laos, or across the globe. Either way, it's a great way to buy Bitcoin privately in Laos. Just make sure to follow the rules, so you don't get scammed.
Speaking of scams, using a cold storage hardware wallet is the only way to safeguard your private key from thieves who want to steal your Bitcoin. Leaving your investment on a centralized Bitcoin exchange is a horrid idea, as they've suffered from hacks time and time again.
We recommend the Ledger Nano X. It's one of the best wallets on the market, thanks to its security and ease of use.
With your wallet situation in order, buying Bitcoin in Laos is easy. Choose an exchange, verify your identity, connect a payment method and trade to your heart's content.
Electricity is one of the most significant factors used to determine Bitcoin mining profitability. If you earn more in Bitcoin than you pay in electricity bills, you're profitable.
Given the current block difficulty of Bitcoin, not to mention the impending Bitcoin halving, it's hard to turn a profit. Most mining operations reside in countries where they pay $0.05 per kWh or less.
Laos enjoys incredibly cheap electricity prices on the global scale, coming in at $0.6 per kWh, half that of the United States. Unfortunately, it's still a bit too expensive for profitable Bitcoin mining, which has fallen far from its golden age.
According to our Bitcoin mining profitability calculator, you'd earn roughly $800 per year per miner. Considering your startup cost will exceed several thousand dollars (minimum), it's unlikely you'll see a return on your initial investment before needing to upgrade anyway.
As you can see, Bitcoin mining in Laos isn't a great idea, despite having ridiculously cheap electricity. For most, buying Bitcoin directly from an exchange or another peer on the network via LocalBitcoins is the easiest and fastest way to acquire Bitcoin.
Mining requires a substantial upfront investment, lots of time, electricity, and, most likely, a negative return.