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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.
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.
Coinmama is a popular option in the country, and is available to nearly every nation in the world.
Coinmama does require you to verify your identity before you can trade though. And unfortunately, Mauritius doesn't have any Bitcoin ATMs, so if privacy is a concern, LocalBitcoins is your better 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.
Have a look at our favorite cryptocurrency exchange below:
There are three main types of Bitcoin wallet and all of them are supported in Maritius:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
ZenGo is an easy-to-use iOS and Android Bitcoin & crypto 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 Mauritius that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.
Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Mauritius that allow you to buy litecoin and other crypto assets for good exchange rates.
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.