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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.
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.
Mauritius has Bitcoin-friendly legislation, welcoming Bitcoin and other cryptocurrencies within its borders. Unfortunately, the island nation only has a few exchanges for its citizens to use.
Both exchanges require you to verify your identity before you can trade. Unfortunately, Mauritius doesn't have any Bitcoin ATMs either. If privacy is a concern, LocalBitcoins is your best bet.
LocalBitcoins is a trading platform that matches buyers and sellers on the Bitcoin network, facilitating private peer to peer exchanges without needing identity verification. Just make sure you follow the rules, so a thief doesn't take advantage of you.
Speaking of thieves, leaving your Bitcoins on an exchange wallet is the last thing you want to do. Centralized exchanges - unlike Bitcoin itself - are vulnerable to hackers and thieves stealing coins. Mauritius isn't short of criminal activity, not to mention hackers around the world.
Using a cold storage hardware wallet to protect your investment is highly recommended. The Ledger Nano X is one of the best hardware wallets. Its popularity stems from the wallet's simplicity, protection, and ease of use.
With your wallet situation sorted and a Bitcoin exchange in mind, all that's left to do is connect a fiat payment method and trade away.
Keeping your electricity costs low is one of the best ways to maximize Bitcoin mining profitability. If you mine more Bitcoin than spend on electricity, you're profitable.
Unfortunately, Bitcoin mining is not what it used to be during its golden age. Now, turning a profit is next to impossible in most countries around the world, Mauritius included.
Mauritius has a tiered electricity pricing system. The more electricity you use, the more you pay. It starts at Rs 2.18 per kWh ($0.054), and goes up from there, all the way up to Rs 8.7 per kWh $(0.22).
The base cost is low enough to turn a small profit, but mining consumes a colossal amount of electricity, meaning your mining operation will approach maximum electricity prices quickly.
With the maximum electricity price of $0.22 per kWh, mining in Mauritius is all but a good idea. After spending thousands on startup costs and waiting a long time to mine even one Bitcoin, you'll lose thousands in electricity bills.
As a resident of Mauritius - despite only having a handful of exchanges to choose from - you're better off buying directly from an exchange. Mining isn't profitable for most, especially not in Mauritius, where electricity gets expensive fast.